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Mumbai:
HDFC Mutual Fund has declared dividends under the Dividend
option of various plans of HDFC Income Fund, HDFC Gilt
Fund, HDFC High Interest Fund and HDFC Sovereign Gilt
Fund. The record date for the same was March 22, 2004.
Under
the respective Dividend Options of HDFC Income Fund,
HDFC Income Fund - Premium Plan and HDFC Income Fund
- Premium Plus Plan, a dividend of Re. 0.12 per unit
has been declared. The cum-dividend NAV for HDFC Income
Fund was Rs. 10.8004 per unit, as at March 22, 2004.
The cum-dividend NAV as at March 22, 2004 for HDFC Income
Fund - Premium Plan was Rs. 10.8542 per unit and for
HDFC Income Fund - Premium Plus Plan was Rs. 10.8872
per unit.
Under
HDFC Gilt Fund, dividends of Re 0.10 per unit and Re.
0.05 per unit have been declared under the Dividend
Options of its Long Term Plan and Short Term Plan respectively.
The cum-dividend NAV as at March 22, 2004 for the Long
Term Plan was Rs. 10.6431 per unit and for the Short
Term Plan was Rs. 10.1474 per unit.
Under
the respective Dividend Options of HDFC High Interest
Fund (formerly Zurich India High Interest Fund) - Quarterly,
Half yearly and Yearly Options, dividends of Re. 0.12
per unit, Re. 0.25 per unit and Re 0.80 per unit have
been declared. The cum-dividend NAV for HDFC High Interest
Fund — Quarterly Option was Rs. 11.1180 per unit
as at March 22, 2004. The cum-dividend NAV as at March
22, 2004 for HDFC High Interest Fund — Half yearly
Option was Rs. 11.0986 per unit and for the HDFC High
Interest Fund — yearly Option was Rs. 11.8210 per
unit.
Under
the respective Dividend Options of HDFC Sovereign Gilt
Fund (formerly Zurich India Sovereign Gilt Fund) —
Savings Plan and Investment Plan, a dividend of Re.
0.05 per unit has been declared, whereas a dividend
of Re. 0.075 per unit has been declared under the dividend
option of HDFC Sovereign Gilt Fund — Provident
Plan. The cum-dividend NAV for HDFC Sovereign Gilt Fund
- Savings Plan was Rs. 10.7574 per unit, as at March
22, 2004. The cum-dividend NAV as at March 22, 2004
for HDFC Sovereign Gilt Fund — Investment Plan
was Rs. 10.9682 per unit and for HDFC Sovereign Gilt
Fund — Provident Plan was Rs. 11.1818 per unit.
After the payment of the dividend the NAVs of the Schemes/Plans
have fallen to the extent of the payout and distribution
tax if applicable.
All
dividends are declared on the face value of Rs. 10 per
unit. It must be noted that past performance may or
may not be sustained in the future.
The
assets under management of HDFC Mutual Fund stood at
Rs. 15437.49 crore as at February 29, 2004.
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