HDFC Mutual Fund has declared dividend under HDFC Equity Fund and HDFC Long Term Equity Fund, on the face value of Rs 10 per unit. The quantum of dividend for distribution is Rs 4 per unit. HDFC Equity Fund is an open-ended growth scheme with an investment objective to achieve capital appreciation. HDFC Long Term Equity Fund is an open-ended equity scheme and has the investment objective to achieve long term capital appreciation. The record date for dividend distribution is 22nd March 2011.
Source: http://www.mutualfundsindia.com/news_viwe.asp?news_headline=HDFC+Mutual+Fund+announces+dividend+under+two+equity+schemes@MF041
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