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HSBC Mutual Fund declares 10 pc maiden dividend for equity scheme
Mumbai, June 09: HSBC Mutual Fund has declared a maiden 10 per cent dividend (Rs one per unit) for its open-ended equity scheme.
Mumbai, June 09: HSBC Mutual Fund has declared a maiden 10 per cent dividend (Rs one per unit) for its
open-ended equity scheme.
The Net Asset Value (NAV) of the equity scheme launched in November 2002 stood at Rs 12.09 per unit as on June 6, 2003, HSBC MF said in a release here today.
The objective of the scheme is to generate long term capital growth from actively managed portfolio of equity and equity related securities, the release said.
The Asset Under the Management (AUM) of equity scheme stood at Rs 85 crore.
The total AUM of the fund comprising equity scheme, income scheme, cash scheme and institutional scheme as on May 31, 2003 stood at Rs 1,352 crore, it added.
Bureau Report
The objective of the scheme is to generate long term capital growth from actively managed portfolio of equity and equity related securities, the release said.
The Asset Under the Management (AUM) of equity scheme stood at Rs 85 crore.
The total AUM of the fund comprising equity scheme, income scheme, cash scheme and institutional scheme as on May 31, 2003 stood at Rs 1,352 crore, it added.
Bureau Report