HDFC Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend option of HDFC Long Term Advantage Fund. The record date for dividend has been set as February 11, 2010. The quantum of dividend will be 37.5% (Rs 3.75 per unit) of 
distributable surplus as on the record date. The NAV of the scheme stood at Rs 36.545 as on February 4, 2010.
HDFC Long Term Advantage Fund is an open ended equity linked savings scheme with a lock in period of 3 year. The scheme’s investment objective is to generate long term capital appreciation from a portfolio that is invested predominantly in equity & equity related instruments.
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