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Saturday, February 06, 2010

HDFC MF Declares Dividend for Long Term Advantage Fund

Record date for dividend is 11 February 2010 

HDFC Mutual Fund has approved the declaration of dividend on the face value of Rs 10 per unit under dividend option of HDFC Long Term Advantage Fund. The record date for dividend has been fixed as 11 February 
2010.

The quantum of dividend will be 37.5% (Rs 3.75 per unit) of distributable surplus as on the record date. The scheme recorded NAV of Rs 36.545 as on 4 February 2010.

HDFC Long Term Advantage Fund is an open ended equity linked savings scheme with a lock in period of 3 year. The investment objective of the scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equity & equity related instruments.
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