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HDFC MF pays 15 p.c. on growth fund

CHENNAI: HDFC Mutual Fund has declared a maiden dividend of Rs. 1.50 per unit under the dividend plan of HDFC Growth Fund. The dividend declared is tax-free. As at September 1, the cum-dividend NAV for HDFC Growth Fund was Rs. 13.071 per unit and the ex-dividend NAV Rs. 11.571 per unit. The dividend is declared on the face value of Rs. 10 per unit, according to a release. — Our Bureau

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