HDFC Mutual Fund has announced the declaration of dividend for HDFC Fixed Maturity Plan-Series V-90 Days May 2007 - Retail and institutional plan- dividend option. The record date is set as 27 August 2007. The quantum of dividend will be 100 % of distributable surplus available on the record date. The NAV for the scheme was recorded at Rs. 10.214 on 20 August 2007.
HDFC Fixed Maturity Plan- Series V- 90 Days May 2007-Retail and institutional plan- dividend option is a close-ended scheme. The investment objective for plan is to generate regular income through investments in debt or money market instruments and government securities. The scheme carry no entry load whereas there will be an exit load of 0.75% if units are redeemed /switched out before maturity.
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