HDFC MF announces IDCW record date under Corporate Bond Fund
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HDFC Mutual Fund (MF) has informed that HDFC Trustee Company, the Trustee to HDFC Mutual Fund approved the Distribution under Income Distribution cum Capital Withdrawal (IDCW) Option of HDFC Corporate Bond Fund, (the Scheme) and fixed on Monday, June 26, 2023 (or the immediately following Business Day, if that day is not a Business Day) as the Record Date for the same.
The quantum of IDCW on the face value of Rs 10.00 per unit will be Rs 0.2514# under Regular Plan - Quarterly IDCW Option (Payout and Reinvestment) and Rs 0.2572# under Direct Plan - Quarterly IDCW Option (Payout and Reinvestment).
# The amount of distribution per unit will be the lower of the rate mentioned above or the available distributable surplus (rounded down to a multiple of five at the fourth decimal) as on the Record Date.
