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HSBC equity fund declares second dividend of 20 pc
Mumbai, Oct 06: HSBC Mutual Fund has declared a 20 per cent dividend (Rs two per unit) of face value Rs 10 for the HSBC equity fund.
Mumbai, Oct 06: HSBC Mutual Fund has declared a 20 per cent dividend (Rs two per unit) of face value Rs 10 for the HSBC equity fund.
A maiden 10 per cent dividend (Rs one per unit) was
declared on June six, 2003, HSBC MF said in a release here
today.
HSBC equity fund was launched in November 2002 as an open-ended equity scheme. The objective was to generate long term capital growth from an actively managed portfolio of equity and equity related securities, it said.
Currently, the fund has assets in excess of Rs 396 crore as on September 30, 2003 and the net asset value stood at Rs 18.21, it added.
HSBC equity fund was launched in November 2002 as an open-ended equity scheme. The objective was to generate long term capital growth from an actively managed portfolio of equity and equity related securities, it said.
Currently, the fund has assets in excess of Rs 396 crore as on September 30, 2003 and the net asset value stood at Rs 18.21, it added.
Bureau Report