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HSBC Mutual Declares Monthly Dividend

HSBC Mutual Fund has declared a maiden dividend of 0.50 per cent (Rs. 0.05 per unit) under its HSBC Income - Short Term Plan. The record date for the same was January 31, 2003.

HSBC Income Fund was launched in November 2002. It is an open-ended income scheme with Short Term Plan and Investment Plan. The fund has given a one month return of 0.25 per cent as on February 03, 2003.