HDFC Mutual Fund announces dividend under its Long Term Advantage Fund and Premier Multi-Cap Fund
HDFC Mutual Fund has declared dividend under HDFC Long Term Advantage Fund and HDFC Premier Multi-Cap Fund. Under HDFC Long Term Advantage Fund the quantum of dividend for distribution will be Rs4 per unit. While for HDFC Premier Multi-Cap Fund the quantum of dividend will be Rs1.50 per unit. The record date for dividend distribution is 10 February 2011.
IDFC Mutual Fund new issue closes on 21st February
IDFC Mutual Fund has launched IDFC Infrastructure Fund, a close-ended income scheme.
The investment objective of the scheme is to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities.
The new issue closes on 21st February. The minimum amount of investment is Rs5,000.
DSP BlackRock Mutual Fund new issue closes on 14th February
DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-12M-Series 14, a close-ended income scheme.
The primary investment objective of the schemes is to seek capital appreciation by investing in debt and money market securities. The schemes will invest only in such securities which mature on or before the date of maturity of the schemes. The schemes may also use fixed income derivatives for hedging and portfolio balancing.
The new issue opens on 8th February and closes on 14th February. The minimum investment amount is Rs10,000.