May 6, 2008

Mutual Funds News - 06 May 2008

06 May 2008 | 10:59 HDFC MF declares dividend for Interval fund

HDFC Mutual Fund has approved the declaration of dividend under the HDFC Quarterly Interval Fund - Plan C -retail and wholesale plan. The record date for dividend is set as 9 May 2008. The AMC plans to distribute 100% of distributable surplus as on record date. The NAV for the schemes stood at Rs. 10.2234 on 2 May 2008

HDFC Quarterly Interval - Plan C is an open-ended interval income scheme with an objective to generate regular income through investments in debt / money market instruments and government securities.

06 May 2008 | 11:05 Birla Sun Life MF declares dividend

Birla Sun Life Mutual Fund (MF) announced to declare dividend, under the dividend option of Birla Sun Life Quarterly Interval Fund- Series 8.

The fund house fixed 8 May 2008 as the record date for the declaration of dividend. It will declare the entire distributable surplus available on the record date, as dividend.

Pursuant to payment of dividend, the NAV will fall to the extent of dividend payout and statutory levy, if applicable. The NAV of the dividend option of Birla Sun Life Quarterly Interval Fund- Series 8 stood at Rs 10.0935, as on 30 April 2008.

All unit holders registered on or before the record date will be eligible to receive the dividend.

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