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Monday, May 04, 2009

HSBC MF announces dividend

Record date for dividend is 07 May 2009

HSBC Mutual Fund has declared dividend under dividend option of regular and institutional options in HSBC Fixed Term Series 52 (HFTS 52). The record date for dividends will be 07 May 2009.

The fund house has decided to distribute 100% of surplus available as on record date. The NAV of the scheme was at Rs 10.1898 and Rs 10.1943 per unit under regular and institutional respectively, as on 28 April 2009.

HFTS is a close-ended income scheme, which seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of plan.

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