Fund News

HDFC Floating Rate Income Fund - Long Term Plan introduces and renames dividend option

10-Mar-2015•News Desk

HDFC Mutual Fund has decided to make the following changes to the dividend option of HDFC Floating R

HDFC Mutual Fund has decided to make the following changes to the dividend option of HDFC Floating Rate Income Fund - Long Term Plan:

The existing 'Dividend Option' is renamed as 'Weekly Dividend' and 'Normal Dividend Option' has also been introduced at a face value of ₹10 per unit.

The effective date is March 16, 2015.

The fund house has also decided to roll over HDFC Fixed Maturity Plan 369D March 2014 (3) for 770 days. The scheme shall now mature on May 02, 2017 against the current March 24, 2015.

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