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Wednesday, December 24, 2008

HSBC MF declares dividend

Record date for dividend is 29 December 2008

HSBC Mutual Fund has declared dividend under dividend option of HSBC Fixed Term Series 55. The record date for the same will be 29 December 2008.

The fund house has decided to distribute 100% of surplus available as on record date. The dividend will be declared under both Retail and Institutional. Pursuant to the payment of dividend, the NAV of the scheme will fall to the extent of dividend distribution and statutory levy (if any).

The NAV of HFTS 55 under regular & institutional plan was Rs 10.0277 and Rs 10.0282, respectively, as on 22 December 2008.

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