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HDFC Mutual Declares Dividend

HDFC Mutual Fund has declared dividend in its following schemes. The record date for the same was March 18, 2002.

In Income Fund, a dividend of 3 per cent (Rs 0.30 per unit) has been declared. This is the fourth consecutive dividend of 3 per cent. The fund paid its last dividend in December 2001.

HDFC Gilt Fund has declared a dividend of 7 per cent (Rs 0.70 per unit) in its Long-term Plan and 2.5 per cent (0.25 per unit) in its Short-term Plan.

In Tax Plan 2000, a dividend of 12 per cent (Rs 1.20 per unit) has been declared. Dividend reinvested under the HDFC Tax Plan 2000 would be subject to a Lock-in period of 3 years from the date of allotment of the respective units.