Fund News

HDFC Mutual Introduces Daily and Monthly Dividend Options

HDFC Mutual Fund has announced the introduction of daily and monthly dividend options under the foll

HDFC Mutual Fund has announced the introduction of daily and monthly dividend options under the following plans, effective October 10, 2005:

* HDFC Liquid Fund - Premium & Premium Plus Plan
* HDFC Floating Rate Income Fund - Short Term Plan
* HDFC Cash Management Fund- Savings Plus Plan

The Daily Dividend option will only offer reinvestment facility while the Monthly Dividend Option will offer payout and dividend reinvestment facilities. The Record Date will be every day (or the immediately following Business Day if that day is not a Business Day) in case of Daily Dividend Option and the last Monday (or the immediately following Business Day if that day is not a Business Day) of every month in case of Monthly Dividend Option.

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