HDFC MF to declare maiden dividend for its Growth Fund
By Our Markets Bureau | 21 Aug 2003
All investors who invest under the Dividend Plan of HDFC Growth Fund on or before 1 September 2003 and hold the units of the scheme as on 1 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.
HDFC
Growth Fund, which was launched on 11 September 2000,
has mobilised an asset base of Rs 197.26 crore as at
31 July 2003. HDFC Asset Management Company is a joint
venture between HDFC and Standard Life Investments Limited,
UK.