HDFC Mutual Fund to declare dividend under Dividend Plan of HDFC Capital Builder Fund.

Mumbai: HDFC Mutual Fund is declaring dividend under the Dividend Plan of HDFC Capital Builder Fund. The record date for the dividend declaration has been set at January 30, 2004.

All investors who invest under the Dividend Plan of HDFC Capital Builder Fund on or before January 30, 2004 and hold the units of the scheme (Dividend Plan) as on January 30, 2004 will be eligible for the dividend payment.

The dividend declared will be subject to the approval of the trustee. After the payment of the dividend, the NAV will fall to the extent of the payout.
The assets under management of HDFC Mutual Fund stood at Rs. 15, 258 crore as on January 04, 2004.

HDFC Asset Management Company Limited (AMC) is a joint venture between HDFC Limited and Standard Life Investments Limited (UK).