Mumbai, June 06: HSBC Mutual Fund has declared a monthly dividend of Rs 0.05 per unit (on a face value of Rs 10) under its HSBC income fund-short term plan (dividend option), and a fortnightly dividend of Rs 0.03 per unit (on a face value of Rs 10) under its HSBC institutional income fund-short term plan (dividend option) respectively on May 30. The record date has been fixed as May 30 and dividends declared are inclusive of dividend distribution tax. Both the schemes were launched in November 2002 as open-ended income schemes with short-term plan and investment plan. The objective of the schemes is to generate regular returns through a diversified portfolio of fixed income securities. Bureau Report