HDFC Mutual Fund has approved Feb.8, 2010 as the record date for declaration of dividend under dividend option in retail and wholesale plan of HDFC Quarterly Interval Fund - Plan C (open-ended interval income scheme). The quantum of dividend will be 100% of distributable surplus as on the record date.

The Securities and Exchange Board of India directed mutual funds to mark-to-market debt and money market securities with residual maturity of 91 days. The market regulator has said that the mutual funds will have to value papers of up to 91 days at weighted average price. The regulator, in a circular posted on its website, also asked mutual fund firms to disclose transaction details on a daily basis, including inter scheme transfers. The new valuation norms debt and money market securities say that these securities in mutual fund portfolios will now be marked to market (traded securities) or valued by rating agencies (non-traded ones). The changes will come into effect from July 1.