Friday, January 8, 2010

Dividend declared by HDFC Long Term Advantage Fund

HDFC Mutual Fund has declared dividend under HDFC Long Term Equity Fund, Dividend is 12.50%. The record date is January 8, 2010.

HDFC Longterm Advantage fund is an ELSS tax saving Fund and on an average in past 1 year its return is 93%  and that of sensex is 86%. If you look at the long term return of over 5 years then the return is 20% compounded annually compared with sensex return of 22%.