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Wednesday, April 29, 2009

HDFC MF declares dividend in FMP 14M February 2008

Record date for dividend is 04 May 2009

HDFC Mutual Fund has approved 04 May 2009 as the record date for declaration of dividend on the face value of Rs 10 per unit under normal and quarterly dividend option of retail plan in HDFC Fixed Maturity Plan 14M February 2008 a fixed maturity plan under HDFC Fixed Maturity Plans-Series VII, a close-ended income scheme.

The fund house has decided to distribute 100% of distributable surplus as on the record date as dividend. NAV of the retail plan under normal dividend option was at Rs 11.0850 per unit and quarterly dividend option was at Rs 11.7852 per unit as on 27 April 2009.

The investment objective of the scheme is to generate regular income through investments in debt/money market instruments and government securities.

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