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Monday, February 8, 2010

37.5% Dividend in HDFC Long Term Advantage Fund - Dividend Option

Invest in "HDFC Long Term Advantage – Dividend Payout Option" (an open – ended equity linked savings scheme with a lock –in period of 3 years) and get the benefit of upcoming dividend of 37.5% having a record date on 11th February, 2010.

 

Applications for Purchase/Switch-in received till 3.00 pm on 10th February, 2010 will be eligible for Dividend.

 

Key Benefits:

 

  • Principal Amount upto Rs. 100,000/- to be tax free under I.T. sec 80/C.
  • Dividend Payout to be Tax Free for investment in Mutual fund Schemes.

 

Illustration: (As on 05th February, 2010)

 

Principal Amount

  100,000.00

NAV as on 05th Feb 2010

35.846

Units Allotted

2,789.712

Face Value per unit

Rs. 10

Amount of Dividend declared per unit

Rs. 3.75

Dividend Income

    10,461.42

 

 


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