15% dividend declared under HSBC India Opportunities Fund - Direct Plan 13/03/2015

15% dividend declared under HSBC India Opportunities Fund - Direct Plan
13/03/2015 12:06
HSBC Mutual Fund has announced 15 per cent dividend under dividend payout option of scheme named as “HSBC India Opportunities Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 17. The latest NAV of the scheme is Rs 27.68. The investment objective of the open ended equity diversified scheme is to generate long term capital growth through investments across all market capitalizations, including small, mid and large cap stocks. It aims to be predominantly invested in equity & equity related securities. However it could move a significant portion of its assets towards fixed income securities if the fund manager becomes negative on equity markets. The performance of the scheme is benchmarked against BSE 500 Index (500 Cos). Neelotpal Sahai is the fund manager of the scheme.