HDFC MF declares dividend under 2 funds

HDFC Mutual Fund has declared dividend of 40% (Rs. 4 per unit on Face Value of Rs.10) under the dividend option of HDFC Equity Fund and a dividend of 10% (Rs. 1.00 per unit on Face Value of Rs.10) under the dividend options of HDFC Long Term Equity Fund. The record date for dividend is  March 22, 2011.

All investors registered in the dividend plan of the above funds as on March 22, 2011 will receive this dividend. The NAV of the scheme under the dividend option as on March 17, 2011 was Rs 49.109 and Rs 12.972 respectively. (Check out - Recent MF Dividends) 
HDFC Equity Fund is an open-ended growth scheme. The investment objective of the Scheme is to achieve capital appreciation.
HDFC Long Term Equity Fund is an open-ended equity scheme. The investment objective to achieve long term capital appreciation. For more Mutual Fund News click here