HDFC Mutual Funds Dual Advantage Fund has announced September 11, 2018, as the record date for declaration of dividend for its Series I – 1100D August 2015 scheme.
As per the fund house’s announcement, the dividend has been declared on the face value of 10 Rupees per unit under the Regular Plan – Normal Dividend Option and the Direct Plan – Normal Dividend Option of HDFC Dual Advantage Fund – Series I – 1100D August 2015 scheme.
The amount of dividend for the scheme will be an all-inclusive distributable surplus, as reduced by the relevant statutory levy.
HDFC Mutual Funds Dual Advantage Fund seeks to produce income by investing in a portfolio of debt instruments and money market instruments.
The closed-end Conservative Hybrid scheme was launched in August 2015 and is benchmarked against the NIFTY 50 Hybrid Short Duration Debt 25:75 Index. The Face Value of the scheme is 10.00 Rupees per unit, and the Fund Size is 188.03 Crore Rupees.
The fund house has appointed Vinay R Kulkarni, Anil Bamboli and Rakesh Vyas as the fund managers of the HDFC Dual Advantage Fund – Series I – 1100D August 2015 scheme. The three fund managers have been managing the scheme since August 2015.
Kulkarni has worked with Tata AMC, Deutsche Mutual Fund, UTI Mutual Fund, and Patni Computer Systems Ltd., before joining the HDFC AMC. He holds B.Tech from IIT, Mumbai, and PGDM from IIT Bangalore.
Bamboli has worked with SBI Fund Management for 11 years, prior to joining the HDFC Mutual Fund. He has done CFA from Association for Investment Management and Research, U.S.A. He is also a Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant from ICWAI.
Vyas has worked with Lehman Brothers and Nomura, before joining HDFC AMC in 2009. He holds B.E (Electrical) and PGDM (Business Management) as his educational qualifications, according to The Economic Times.
The HDFC Mutual Funds Dual Advantage Fund has announced the dividend declaration for the scheme on September 06, 2018, according to KJMC.
The post HDFC Mutual Funds Dual Advantage Fund Declares Dividend appeared first on OWLT Market.
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