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New HDFC Mf application rates
Our Markets Bureau
New Delhi, March 13: HDFC Mutual Fund has revised the minimum application amount for its Liquid Fund, which has two investment options (growth and dividend). For both the plans, the minimum application amount has been revised from Rs 1 lakh and in multiples thereafter to Rs 10,000 and multiples of Rs 1,000 thereafter.The MF has also declared annualised tax-free dividend of 6.75 per cent of its liquid fund under its weekly dividend option for the week ended March 12. The per unit dividend under the re-investment plan is 1.109 paise. Launched in October 2000, HDFC Liquid Fund scheme contributes 13 per cent to HDFC MF's total assets and has a portfolio, which includes debentures, treasury bills and commercial paper. Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
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