HSBC Mutual Fund announces dividends

Mumbai/Kolkata, Dec 7 : HSBC Mutual Fund has announced the record date for declaration of dividend in three of its equity funds.

Quantum of dividend on a face value of Rs.10 per unit is 25 pc i.e. Rs. 2.5 per unit for HSBC Equity Fund, 10 pc i.e. Re. 1 per unit for HSBC India Opportunities Fund, and 10 pc i.e. Re. 1 per unit for HSBC Midcap Equity Fund, said a company statement issued Monday.

Vikramaaditya, Chief Executive Officer, HSBC Asset Management (India) Private Limited said: "The announcement of dividends in three of our equity funds simultaneously emphasizes our commitment to generating wealth consistently over the long term for our investors."

The record date for the proposed dividend is Dec 11. All investors in the dividend option as on the record date will be eligible for the dividend, subject to availability of distributable surplus.