(1888PressRelease)
March 09, 2010 - HSBC Mutual Fund has announced the record date for declaration of dividend in its HSBC Tax Saver Equity Fund. The record date for the proposed dividend is 19 Feb 2010. 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 10 % i.e. Re. 1 per unit for HSBC Tax Saver Equity Fund
HSBC Mutual Fund endeavors to create wealth for its investors by aiming to deliver 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 a wide product range, the aim is 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), "The announcement of dividend in HSBC Tax Saver Equity Fund, along with the earlier declaration of dividends in three of our equity funds, in December 2009, 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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