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Monday, September 07, 2009

HSBC MF Declares Dividend for MIP

Record date for dividend is 11 September 2009

HSBC Mutual Fund has announced the declaration of dividend under quarterly dividend option of HSBC MIP (HMIP). The record date for dividend has been fixed as 11 September 2009.

The quantum of dividend will be Re. 0.21 per unit for regular plan and Re. 0.24 per unit for savings plan on the face value of Rs. 10 per unit as on the record date. The NAV for regular plan was at Rs. 11.8046 per unit and Rs. 12.0740 per unit for savings plan as on 3 September 2009.

HSBC MIP is an open-ended fund with regular and savings plans, with an investment objective to generate reasonable returns through investments in debt and money market instruments.

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