HDFC Mutual Fund to declare dividend for Equity Fund

By Our Markets Bureau | 23 Sep 2003

1

Mumbai: HDFC Mutual Fund has recently announced that it is declaring a dividend under the Dividend Plan of HDFC Equity Fund. The record date for the dividend declaration is 30 September 2003. This will be the second dividend to be declared in the three months under the Dividend Plan of the scheme.

All investors who invest under the Dividend Plan of HDFC Equity Fund on or before 30 September 2003 and hold the units of the scheme as on 30 September 2003 will be eligible for the dividend payment. The dividend declared will be subject to the approval of the trustee.

After the payment of the dividend, the net asset value will fall to the extent of the payout. The assets under management of the Scheme stood at Rs 711.34 crore as on 31 August 2003.

 

 

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