HSBC MF declares dividend for HFTS 59

HSBC Mutual Fund has declared dividend under dividend option of institutional and regular plan in HSBC Fixed Term Series 59. The record date for the dividend distribution is set as July 16, 2009.

The fund house has decided to distribute 100% of distributable surplus available as on record date for above mentioned schemes. The scheme has recorded the NAV of Rs 10.1557 per unit under regular plan while Rs 10.1623 per unit institutional plan as on July 9, 2009.

HSBC Fixed Term Series is a close-ended income scheme that seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of plans.