HDFC Mutual Funds FMP 1141D July 2015 (1) scheme has announced dividend declaration date. Accordingly, the fund house has proclaimed September 19, 2018, as the record date for declaration of dividend for the scheme.
The HDFC AMC has declared the dividend on the face value of 10 Rupees per unit under the dividend options (normal dividend option and quarterly dividend option) of both the Regular plan and the Direct plan of the FMP 1141D scheme. The amount of dividend is declared to be the complete distributable surplus, as reduced by the appropriate statutory levy.
The main objective of the Closed-end debt FMP scheme is to produce income via investments in debt or money market securities and Government instruments maturing on or before the maturity date of the scheme. The scheme was launched in July 2015.
The minimum initial investment amount for the HDFC Mutual Funds FMP 1141D July 2015 (1) scheme with the face value of 10.00 Rupees per unit is 5000 Rupees per unit. The fund size of the scheme is 26.84 Crore Rupees. The scheme will invest 80 percent to 100 percent of its assets in debt instruments, and 20 percent in other securities except for equity instruments.
HDFC FMP 1141D July 2015 (1) scheme is benchmarked against the CRISIL Composite Bond Index. Anil Bamboli and Rakesh Vyas have been managing the HDFC FMP since July 2015.
Mr. Bamboli has been employed in SBI Fund Management for 11 years, before working with HDFC Mutual Fund. He is a CFA, Masters in Management Studies (Finance) and a Graduate in Cost and Works Accountant.
Mr. Vyas has worked with Lehman Brothers and Nomura before joining HDFC AMC in 2009. He is a B.E (Electrical) and PGDM (Business Management).
The NAV (Net Asset Value) of the scheme as on September 12, 2018, is 12.6572 Rupees, according to The Economic Times.
The HDFC Mutual Funds FMP 1141D July 2015 (1) scheme has announced the dividend declaration date on September 14, 2018, according to KJMC.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy the website. ]