HDFC Capital Builder Fund declares 20% dividend

HDFC Trustee Company Limited, Trustee to HDFC Mutual Fund has approved the declaration of 20% dividend which amounts to Rs 2 in the Capital Builder Fund - Dividend Plan.

The trustees have fixed Thursday, March 5, 2009 has been fixed as the Record Date for dividend.

The NAV as on February 26, 2009 was at Rs. 13.781. The Face Value of the unit is Rs 10.

The dividend will be subject to the availability of distributable surplus and may be lower to the extent of distributable surplus available on the Record Date.

Pursuant to payment of dividend, the NAV of the respective Dividend Plans would fall to the extent of payout and statutory levy, if any.

The Income distribution / Dividend will be paid to those Unit holders whose names appear in the Register of Unit holders under the Dividend Plan of the aforesaid Schemes as at the close of Business Hours on the record date, (including valid purchase / switch-in applications received till 3.00 p.m. in respect of the aforesaid Schemes, on the record date, subject to realisation of cheques / demand drafts).

With regard to Unit holders under the Dividend Plan of the aforesaid Schemes, who have opted for Dividend Reinvestment facility, the dividend due will be reinvested by allotting Units for the Income distribution / Dividend amount (on the next Business Day after the record date) at a price based on the prevailing ex-dividend NAV per Unit on the record date.

All mutual funds and securities investments are subject to market risks and there can be no assurance that the Schemes' objectives will be achieved and the NAV of the Schemes may go up or down depending upon the factors and forces affecting the securities market.

Source : Equity Bulls

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