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Second Quarterly Dividend in HDFC Income Fund

HDFC Income Fund paid a second quarterly dividend of 3 per cent (Rs 0.30 per unit) with a record date of June 28, 2001. The Fund paid a maiden dividend of 6 per cent in March 2001.

The flagship fund of HDFC AMC, has witnessed a more than three fold rise in its corpus since launch in August 2000. The steadily growing corpus made a room for higher allocation to Triple A rated instruments which carry high credit quality and liquidity. With a total return of 14.35 per cent since launch, HDFC Income Fund has performed in line with its category.