14 Dec 2012
|HDFC Mutual Fund has declared 0.1230 per cent dividend under monthly dividend payout option of scheme named as ‘HDFC Floating Rate Income Fund - Short Term Fund - Retail Plan’, on the face value of Rs 10 per unit.
The record date for the dividend was December 10. The NAV of scheme as on December 13, 2012 was at Rs 10.1804.
The investment objective of ‘HDFC Floating Rate Income Fund - Short Term Fund - Retail Plan’, an open ended debt floater scheme, is to generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments, fixed rate debt / money market instruments swapped for floating rate returns and fixed rate debt securities and money market instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index and Shobhit Mehrotra is the fund manager of the scheme.