HDFC Mutual Funds Charity Fund For Cancer Cure – Arbitrage Plan has declared dividend under the dividend option of its Regular and Direct Plans. The fund house has announced October 03, 2018, as the record date for the dividend declaration of the scheme.
Accordingly, the amount of dividend on the HDFC Charity Fund For Cancer Cure – Arbitrage Plan on the face value of 10 Rupees per unit will be 50 percent Dividend Donation @ Dividend Option (Regular and Direct Plans) and 100 percent Dividend Donation @ Dividend Option with Payout facility. The total dividend amount is limited to distributable surplus, as reduced by the applicable statutory levy.
The Closed-end Arbitrage Hybrid scheme aims to produce income via arbitrage opportunities between cash and derivative market and via investments in debt and money market securities.
The HDFC Mutual Funds Charity Fund For Cancer Cure – Arbitrage Plan was launched in March 2017. The face value of the Arbitrage scheme is 10.00 Rupees per unit and the fund size is 133.35 Crore Rupees.
The fund house has assigned Krishan Kumar Daga and Rakesh Vyas as the fund managers of the HDFC Charity Fund For Cancer Cure – Arbitrage Plan since March 2017.
Mr. Daga, a B.Com (H) graduate, has worked with Reliance Mutual Fund, Reliance Capital Ltd, Deutsche Securities, B&K Securities, Brics Securities, JP Morgan Securities and HSBC Securities before joining HDFC Mutual Fund. Mr. Vyas has worked with Lehman Brothers and Nomura, before joining HDFC AMC. He has completed B.E (Electrical) and PGDM (Business Management).
The NAV of the HDFC Charity Fund for Cancer Cure – Arbitrage Plan as on September 28, 2018, is 10.3440 Rupees, and the AUM of the scheme is 135.76 Crore Rupees. The scheme is benchmarked against NIFTY 50 Arbitrage Total Return Index, according to The Economic Times.
The fund house has announced the dividend declaration for the HDFC Mutual Funds Charity Fund For Cancer Cure – Arbitrage Plan on September 28, 2018, according to KJMC.
The post HDFC Mutual Funds Charity Fund For Cancer Cure – Arbitrage Plan Declares Dividend appeared first on OWLT Market.
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