February 26 set as record date for div under “HDFC Prudence Fund - DP”

HDFC Mutual Fund has announced 35 percent dividend under dividend payout option of scheme named as “HDFC Prudence Fund - Direct Plan” on the face value of Rs 10 per unit.

The record date for the dividend is February 26. The latest NAV of the scheme is Rs 39.03.

The investment objective of the equity - balanced fund scheme is to provide periodic returns and capital appreciation over a long period of time from a judicious mix of equity and debt investments with an aim to prevent / minimise any capital erosion.

The performance of the scheme is benchmarked against Crisil Balanced Fund Index. Prashant Jain is the fund manager of the scheme.

Text courtesy: Dion Global Solutions Ltd.