Income Distribution Announced For HDFC Arbitrage Fund – Wholesale Plan

HDFC Mutual Fund has declared an Income Distribution cum Capital Withdrawal (IDCW) under its HDFC Arbitrage Fund – Wholesale Plan for both Regular and Direct Plans. The record date for this distribution has been set for December 19, 2024, and the distribution applies to the face value of ₹10 per unit across various options under the scheme.

Distribution Details

The distribution amount under each plan and option is ₹0.050 per unit. Below is a detailed breakdown:

1. HDFC Arbitrage Fund – Wholesale Plan – Regular Plan:
   • Normal IDCW Option (Payout & Reinvestment): ₹0.050 per unit
   • Monthly IDCW Option (Payout & Reinvestment): ₹0.050 per unit 
2. HDFC Arbitrage Fund – Wholesale Plan – Direct Plan:
   • Normal IDCW Option (Payout & Reinvestment): ₹0.050 per unit
   • Monthly IDCW Option (Payout & Reinvestment): ₹0.050 per unit

Investors under both the Regular and Direct Plans can opt for payout or reinvestment of the declared amount, based on their preference.

Record Date & Relevance

The record date, December 19, 2024, is a critical date for investors. Only those investors whose names are on the fund’s records as of this date will be eligible for the announced IDCW. This applies uniformly across both the Regular and Direct Plans for the specified options.

About HDFC Arbitrage Fund – Wholesale Plan

The HDFC Arbitrage Fund is designed to utilize arbitrage opportunities between the cash and derivatives markets. The fund primarily aims for relatively low-risk returns and offers multiple investment options, such as IDCW and Growth options, to cater to diverse investor needs.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.