Monday, January 4, 2010

HDFC MF announces 12.5% dividend under HDFC Long Term Equity Fund on 8Jan2010

HDFC Mutual Fund has declared dividend under HDFC Long Term Equity Fund -- a close-ended equity scheme. The fund house has fixed January 8, 2010 as the record date for dividend declaration.

The amount of dividend declared is Rs 1.25 or 12.5% on the face value of Rs 10 each. As on the December 31, 2009, the net asset value stood at Rs.12.942 per unit

The investment objective of the scheme is to achieve long-term capital appreciation with a maturity period of 5 years with automatic conversion into an open-ended scheme upon maturity

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1 comment:

Vishal said...

Hi Aditya,

Came across your blog through google. Since the Income Tax Declaration Time is here, was looking for a comparison of different Tax Saving Mutual Funds in the market.

Didn't find the information on your blog . Though it was nice to go through your blog.

Regards
Vishal

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The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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