HDFC Mutual Fund has declared June 27, 2002 as the record date for dividend /income payout for its scheme HDFC Income Fund. All unit holders on rolls as on June 27, 2002 will be entitled for the payout.
Unit holders opting for dividend re-investment will be allotted units at the ex-dividend NAV price on the next business day after the record date.
HDFC MF has also renamed the Dividend Reinvestment Plan under HDFC Liquid Fund and HDFC Short Term as Dividend Plan w.e.f. June 28,2002. The Dividend Plan will offer two options- Dividend Reinvestment and Dividend Payout.