HSBC Mutual Fund announces dividend in 3 of its equity schemes
HSBC MUTUAL Fund has announced 11 Dec 2009 as the record date for declaration of dividend in three of its equity funds. All investors in the dividend option will be eligible for the dividend, subject to availability of distributable surplus.
HSBC MUTUAL Fund has announced the record date for declaration of dividend in three of its equity funds. The record date for the proposed dividend is 11 Dec 2009. All investors in the dividend option as on the record date will be eligible for the dividend, subject to availability of distributable surplus. Quantum of dividend on a face value of Rs.10 per unit is
25 % i.e. Rs. 2.5 per unit for HSBC Equity Fund
10 % i.e. Re. 1 per unit for HSBC India Opportunities Fund
10 % i.e. Re. 1 per unit for HSBC Midcap Equity Fund
HSBC Mutual Fund endeavors to create wealth for its investors by delivering consistent returns over the medium to long term in a risk-controlled environment so as to limit the downside in an adverse market situation.
Through our product range, we aim to be true to HSBC’s reputation in India of being a provider of international quality investment products and services. Vikramaaditya, Chief Executive Officer, HSBC Asset Management (India) Private Limited said “The announcement of dividends in three of our equity funds simultaneously emphasizes our commitment to generating wealth consistently over the long term for our investors" Past performance may or may not be sustained in the future. Pursuant to payment of dividend, the NAV of the above scheme will fall to the extent of dividend distribution and statutory levy, if any.
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