Mumbai: HDFC Mutual Fund has declared dividend under its schemes HDFC Growth Fund and HDFC Capital Builder Fund. The record date for distribution of dividend is February 24, 2011.
The quantum of dividend decided for distribution is Rs 3.00 and Rs 2.50 per unit respectively on the face value of Rs 10.
HDFC Growth Fund is an open ended growth scheme with investment objective to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. The scheme is managed by Srinivas Rao Ravuri and Miten Lathia. HDFC Capital Builder Fund is an open ended growth scheme with investment objective to achieve capital appreciation in the long term. The scheme is managed by Chirag Setalvad and Miten Lathia.
