HSBC MF declares dividend for Midcap Equity Fund

HSBC Mutual Fund has approved De. 11, 2009 as the record date for declaration of dividend under dividend option of HSBC Midcap Equity Fund.

The face value of per unit is Rs 10.

The quantum of dividend will be Rs 1 per unit as on the record date.

HSBC Midcap Equity Fund is an open ended diversified equity scheme with the investment objective to generate long term capital growth from an actively managed portfolio of equity and equity related securities primarily being midcap stocks. However it could move a portion of its assets towards fixed income securities if the fund manager becomes negative on the Indian equity markets.

Source: http://www.myiris.com/newsCentre/storyShow.php?fileR=20091207131956707&dir=2009/12/07&secID=livenews