HDFC Mutual Fund has announced dividend under HDFC Long Term Advantage Fund which was formerly known as HDFC Tax Plan 2000. The fund house has fixed February 11, 2010 as the record date for dividend declaration.

The amount of dividend declared is 30% on the face value of Rs 10 each.

The primary objective of the scheme is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.