Mumbai: HDFC Mutual Fund has declared dividend under its schemes HDFC Equity Fund and HDFC Long Term Equity. The record date for distribution of dividend is March 22, 2011.
The quantum of dividend decided for distribution is Rs 4 and Re 1 per unit respectively on the face value of Rs 10.
HDFC Equity Fund is an open ended equity scheme with investment objective to achieve capital appreciation. The scheme is managed by Prashant Jain and is benchmarked against S&P CNX 500. HDFC Long Term Equity Fund is an open ended equity scheme with investment objective to achieve long term capital appreciation. The scheme is managed by Srinivas Rao Ravuri and is benchmarked against S&P CNX Nifty.
