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Friday, January 23, 2009

HDFC MF declares dividend under FMP 90 days

Record date for dividend is 28 January 2009

HDFC Mutual Fund has announced 28 January 2009 as the record date for declaration of dividend under dividend option of HDFC Fixed Maturity Plan -90D October 2008 (3), 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. 10.2411 per unit and Rs 10.2436 per unit for wholesale plan as on 21 January 2009.

HDFC Fixed Maturity Plan -90D October 2008 (3) a close-ended income scheme was launched in October 2008. The investment objective of the scheme is to seek to generate regular income through investments in debt/ money market instruments and government securities.

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