Friday, May 29, 2009

HDFC MF Declares Payment In Support Of FMP - May 29, 2009

HDFC Mutual Fund has announced 3 June 2009 as the record date for declaration of dividend under HDFC FMP 370D May 2008 (3), a fixed maturity plan under HDFC Fixed Maturity Plans-Series VIII. The dividend will be declared in Normal and Quarterly Dividend Options under Retail Plan and Quarterly Dividend Options under Wholesale Plan.

The fund house has decided to distribute 100% of distributable surplus as dividend on the record date on the face value of Rs 10 per unit. The Retail Plan-Normal Dividend Option posted NAV of Rs 10.8929 per unit and Rs 10.6782 per unit under Retail Plan-Quarterly Dividend Option as on 27 May 2009. The Wholesale Plan-Quarterly Dividend Option posted NAV of Rs 10.6938 per unit as on 27 May 2009.

HDFC FMP 370D May 2008(3) is a close ended income scheme with an investment objective to generate regular income through investment in debt/money market instruments and government securities.

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