Franklin Templeton Mutual Fund has declared dividend under FT India Dynamic PE Ratio Fund of Funds, on the face value of Rs 10 per unit. The quantum of dividend for distribution is Rs 0.440 per unit for individuals and HUF and Rs 0.377 per unit for Others. The record date for dividend distribution is 29th July 2011.
News Source – MUTUAL FUND INDIA
The domestic mutual fund industry will not have to provide unique folios of investors, as suggested by the Securities and Exchange Board of India (Sebi), following the capital markets regulator's decision to retract from its earlier view. Fund managers said the number of investors' folios are already dwindling and such an exercise would have resulted in at least 30-40 per cent reduction in retail folios. According to latest statistics, the folios in the equity segment continued to slide in the June quarter. The industry lost more than half a million folios during the period, compared to the March quarter, while overall folios declined by 231,850.
News Source – BUSINESS STANDARD.