02 Jun 2026, 08:08 AM

Adjustment of F&O contracts of HDFCAMC due to dividend

As per the NSE circular, June 05, 2026, the strikes of HDFCAMC options and the base price of the futures contracts will be revised due to extraordinary dividends.

Adjustment for future contracts:

All positions in futures contracts of HDFCAMC will be marked-to-market on the last cum-dividend date, i.e. June 04, 2026, based on the daily settlement price of the respective futures contract. Subsequently, open positions will be carried forward at the daily settlement price less ₹54 (dividend amount) for the respective futures contract.

From June 05, 2026 (ex-dividend date), daily mark-to-market settlement of the futures contracts will continue as per normal procedures.

For example:

Assume you bought 1 lot (300 quantities) of HDFCAMC June futures on June 04, 2026, at ₹2,595, and the daily settlement price at market close is ₹2,650, you would have made a mark-to-market profit of ₹55 per share.

On June 05, 2026, the previous day’s position will be carried forward at ₹2,596 (i.e. 2650 − 54). If the closing price on June 05, 2026, is ₹2,630, you’ll make a mark-to-market profit of ₹34 per share.

Adjustment for option contracts:

The full value of the dividend, i.e. ₹54, will be deducted from all the cum-dividend strike prices on the ex-dividend date. All positions in existing strike prices will continue to exist in the corresponding new adjusted strike prices.

For example:

The strike price of the ₹2,620 Call Option will be reduced to ₹2,566 on June 05, 2026, and the positions in the ₹2,620 Call Option will continue to exist in the ₹2,566 Call Option.

The lot size of the F&O contracts will not change.

Also, if you hold equity shares of HDFCAMC in your Demat account as of June 05, 2026 (ex-date), you will be entitled to receive the dividend, which will be credited directly to your primary bank account within 30 to 45 days from the record date.