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Tuesday, January 06, 2009

HDFC MF revises frequency of dividend distribution

With effect from 7 January 2009

HDFC Mutual Fund has announced changes in the frequency of the dividend distribution under HDFC High Interest Fund – Short Term Plan, with effect from 7 January 2009.

The fund house has revised the frequency to fortnightly frequency (10th and 25th of every month) with payout and reinvestment facility from existing fortnightly frequency (1st and 16th of every month) with payout and reinvestment facility.

HDFC High Interest Fund – Short Term Plan is an open ended income scheme with an objective to generate income by investing in a range of debt and money market instruments of various maturity dates with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

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