HDFC Liquid Funds weekly dividend
By Our Banking Bureau | 19 Feb 2002
1
Mumbai:
HDFC Liquid Fund has declared a weekly dividend of Re 0.01247
per unit on a face-value of Rs 10 under its reinvestment
plan for the week ended 11 February 2002. The record date
for the same was 11 February 2002 and the cum-dividend NAV
as on 11 February 2002 is Rs 10.0152.
The dividend declared by HDFC Liquid Fund is tax-free in
the hands of investors. The actual declaration of dividend
and the frequency will depend on the availability of distributable
profits and the past performance may or may not be sustained
in the future.
Launched in October 2000 as an open-ended scheme, the assets under management for HDFC Liquid Fund constitutes Rs 1657.17 crore as at 31 January 2002. The primary objective of HDFC Liquid Fund is to enhance investors income consistent with a high level of liquidity, through a
judicious mix of money market and debt instruments.
HDFC Asset Management Company Limited has eight schemes under its product portfolio: Liquid Fund, Growth Fund, Balanced Fund, Income Fund, Tax Plan 2000, Gilt Fund, Fixed Investment Plan and Childrens Gift Fund. In the mutual fund venture, HDFC has tied up with the Standard Life Assurance Companys (SLAC) investment arm, Standard Life Investments. SLAC is one of the leading Insurance companies in the UK.
Launched in October 2000 as an open-ended scheme, the assets under management for HDFC Liquid Fund constitutes Rs 1657.17 crore as at 31 January 2002. The primary objective of HDFC Liquid Fund is to enhance investors income consistent with a high level of liquidity, through a
judicious mix of money market and debt instruments.
HDFC Asset Management Company Limited has eight schemes under its product portfolio: Liquid Fund, Growth Fund, Balanced Fund, Income Fund, Tax Plan 2000, Gilt Fund, Fixed Investment Plan and Childrens Gift Fund. In the mutual fund venture, HDFC has tied up with the Standard Life Assurance Companys (SLAC) investment arm, Standard Life Investments. SLAC is one of the leading Insurance companies in the UK.
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