DIVIDEND

1.UTI Opportunities Fund declares dividend.

 

UTI Mutual Fund has declared a dividend of 8% (Rs. 0.8 per unit on Face Value of Rs.10) in its open end fund of funds scheme – UTI Opportunities Fund. The record date for dividend has been fixed as May 2, 2011.

News Source – MONEY CONTROL.

GENERAL

2.Gold craze drives up demand for Exchange-Traded Funds.

 

The worldwide popularity of exchange-traded funds, or ETFs, in the past two years is now rubbing off on Indian investors. In the year ending March 31, 2011, when assets under management (AUM) of most product categories of local mutual funds either shrank or remained unchanged, money managed and investor folios under ETFs, including gold-backed schemes, more than doubled.

News Source – ECONOMIC TIMES.

3.Close-ended mutual fund schemes see a sharp rise.

 

With a fourfold increase in new launches, FMPs emerge the favourite. Amid volatility in equity markets and consistent redemption, the number of close-ended schemes in the mutual fund industry saw a sharp rise in the last financial year, courtesy fixed maturity plans (FMPs). Fund houses registered a four-fold rise in the number of FMPs in 2010-11. According to data from the Association of Mutual Funds in India (Amfi), the number of close-ended schemes reached 368, as against 202 last year, a jump of over 82 per cent. In contrast, the number of open-ended schemes could grow by 13 per cent only.

News Source – BUSINESS STANDARD.

DIVIDEND



1.Escorts Mutual Fund announces dividend under its three schemes.

 

Escorts Mutual Fund has declared dividend under Escorts Income Plan, Escorts Short Term Debt Fund and Escorts Income Bond, on the face value of Rs 10 per unit. The quantum of dividend for distribution is Rs. 0.07 per unit, Rs. 0.10 per unit and Rs. 0.10 per unit for Escorts Income Plan, Escorts Short Term Debt Fund and Escorts Income Bond respectively. The record date for dividend distribution is 3rd May 2011.

News Source – MUTUAL FUND INDIA.

GENERAL

2.MFs prefer commodities, foreign equities.

 

Depressed equity performance, Sebi copycat rules, lack of new ideas combine to impel funds to look elsewhere. Having run out of new equity themes, mutual fund (MF) houses are trying to jump on to the commodity wagon. Fund houses are either latching on to gold, the only commodity they are permitted to launch funds on, or launching funds under laid by global commodity stocks.

News Source – BUSINESS STANDARD.

NEW FUND LAUNCH

3.Kotak MF Launches 370 Days FMP.

 

Kotak Mutual Fund has launched a new fund named as Kotak FMP Series 45, a close ended debt scheme with the duration of 370 days from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 29 April and close on 2 May 2011.

News Source – NAV INDIA.

Latest Indian Mutual Fund news | 30-Apr-2011
Rate this post
AdminMutual Fundsamfi,assets under management,Auto,control,date,debt fund,dividend distribution,Draft,economic times,equity,Exchange,exchange traded funds,folios,Fund,income,income bond,Indian,indian investors,Kotak,May,money control,Mutual,mutual fund news,new launches,opportunities fund,rise,scheme,Short,Traded,UTI,worldwide popularity,year ending marchDIVIDEND1.UTI Opportunities Fund declares dividend. UTI Mutual Fund has declared a dividend of 8% (Rs. 0.8 per unit on Face Value of Rs.10) in its open end fund of funds scheme - UTI Opportunities Fund. The record date for dividend has been fixed as May 2, 2011.News Source - MONEY...Tutorials to Educate Investors