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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