HSBC Mutual Fund Declares Dividend

HSBC Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend option of HSBC Tax Saver Equity Fund (HTSF). The record date for dividend has been set as February 19, 2010. The quantum of dividend will be Rs 1 per unit as on the record date. The scheme recorded NAV of Rs 12.8515 as on February 10, 2010.

HSBC Tax Saver Equity Fund is an open ended equity linked savings scheme with an investment objective to provide long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments of companies across various sectors and industries, with no capitalization bias. However, the Fund may also invest in fixed income securities.

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Category: Mutual Fund Dividend