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Tuesday, October 21, 2014

HDFC MF Announces Renaming of Dividend Option Under Its Schemes

With effect from 22 October 2014 

HDFC Mutual Fund has decided to carry out the following change(s) to existing dividend option offered for subscription under regular plan and direct plan of HDFC Medium Term Opportunities Fund, HDFC Short Term Plan and HDFC High Interest Fund – Short Term Plan, with effect from 22 October 2014. 

Renaming of existing dividend option: 

The existing dividend option with pay-out and reinvestment facility offered for subscription under the scheme(s) is being renamed from the effective date as per the details given below.
HDFC Medium Term Opportunities Fund: Dividend option will be renamed to Quarterly Dividend Option. 

HDFC Short Term Plan: Dividend option will be renamed to Monthly Dividend Option. 

HDFC High Interest Fund – Short Term Plan: Dividend option will be renamed to Fortnightly Dividend Option. 

Introduction of normal dividend option: 

It has been decided to introduce a normal dividend option with payout and dividend reinvestment facility under the dividend option of the schemes. Normal dividend option will be available for subscription at Rs 10 per unit on the effective date and at applicable NAV based prices thereafter. 
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