HDFC Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of HDFC Multiple Yield Fund, HDFC Multiple Yield Fund - Plan 2005 and HDFC Core & Satellite Fund. The record date for dividend has been fixed as 16 February 2012. The quantum of dividend is as follows:
HDFC Multiple Yield Fund & HDFC Multiple Yield Fund - Plan 2005: The quantum of dividend will be Rs 0.7500 per unit for Individuals & HUF and Rs 0.6428 per unit for Others.
HDFC Core & Satellite Fund: The quantum of dividend will be Rs 2 per unit.
HDFC Multiple Yield Fund & HDFC Multiple Yield Fund - Plan 2005 are open ended income schemes which has the primary objective to generate positive returns over medium time frame with low risk of capital loss over medium time frame.
HDFC Core & Satellite Fund is an open ended growth scheme which has the primary objective to generate capital appreciation through equity investment in companies whose shares are quoting at prices below their true value.