Monday, April 13, 2009

HDFC MF Declares Dividend In FMP 13M March 2008 - April 13, 2009

HDFC Mutual Fund has approved 17 April 2009 as the record date for declaration of dividend on the face value of Rs 10 per unit under Retail Plan with normal and quarterly dividend options in HDFC Fixed Maturity Plan 13M March 2008 (2) and under wholesale plan with normal dividend option in HDFC Fixed Maturity Plan 13M March 2008(2) a fixed maturity plan under HDFC Fixed Maturity Plans-Series VII, a close-ended income scheme.

The fund house has decided to distribute 100% of distributable surplus as on the record date as dividend.

NAV of the Retail Plan–Normal dividend option was at Rs 11.0203 per unit, Retail -Quarterly dividend option was at Rs 10.5230 per unit and for Wholesale - Normal dividend option was at Rs 11.0592 per unit as on 9 April 2009.

The investment objective of the scheme is to generate regular income through investments in debt/money market instruments and government securities.

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