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HDFC Liquid fund declares weekly dividend

HDFC Liquid Fund has declared a weekly dividend of Rs 0.01342 under its re-investment plan to the unit-holders standing on records as on May 14, 2001.

HDFC Liquid Fund, a short-term debt fund launched in October 2000, aims at income enhancement along with high liquidity through a portfolio mix of money market and debt instruments. While it is too early to comment on the performance of the fund, in its span of seven months the fund has posted a simple return of 5.36 per cent.