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Monday, March 02, 2009

HDFC TaxSaver declares 50% dividend

Record date for dividend is 5 March 2009

HDFC Mutual Fund has announced dividend under the dividend plan of HDFC TaxSaver. The record date for the dividend is 5 March 2009.

The fund house has decided to distribute Rs 5.00 per unit i.e. 50% as dividend on the record date on the face value of Rs 10 per unit as dividend. The scheme recorded a NAV of Rs 33.074 per unit as on 26 February 2009.

HDFC TaxSaver is an open ended equity linked savings scheme with lock-in period of 3 years, the investment objective of the scheme is to achieve long term growth of capital.

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