HDFC Mutual Fund has announced 15 December 2008 as the record date for declaration of dividend under dividend option of HDFC FMP 90D September 2008 (2), a fixed maturity plan under HDFC Fixed Maturity Plans-Series IX, on face value of Rs 10 per unit. The Fund house has decided to offer dividend under retail plan and wholesale plan. The fund house has decided to distribute 100% of surplus available under its both retail and wholesale plans as on record date. The NAV under retail plan was Rs. 10.2630 per unit and Rs 10.2652 per unit for wholesale plan as on 8 December 2008.
HDFC Fixed Maturity Plan -90D September 2008 (2) is a close-ended income scheme. The investment objective of the scheme is to seek to generate regular income through investments in debt/ money market instruments and government securities. The scheme will charge 0.75% as an exit load if investments are redeemed/switched out before maturity/final redemption date.
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