 Mumbai:
HDFC Mutual Fund is declaring a maiden dividend under
the Dividend Plan of HDFC Growth Fund. The dividend will
be tax-free in the hands of the investors. The record
date for the dividend declaration is 1 September 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.
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