HDFC Mutual Fund has declared dividend under its scheme, HDFC Prudence Fund (open ended balanced scheme). The quantum of dividend decided for distribution is 35 per cent that is Rs 3.5 per unit on the face value of Rs. 10 per unit. The record date decided for distribution of dividend is 18th March, 2010.

Mutual fund houses are rejigging debt portfolios and shifting from longer-term Government securities to shorter-tenor government securities (G-Secs), certificates of deposit (CDs) and commercial papers (CPs), which are providing better returns. Falling prices have made longer duration papers unattractive, as selling them in the secondary market would be a loss-making proposition, said fund managers.