DSP BlackRock Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend payout option of DSP BlackRock FMP – 12M – Series 6 (closed ended income scheme). The record date for dividend is set as 22 August 2011 and the scheme will mature on the same date. The quantum of dividend will be upto 100% of distributable surplus as on the record date.
News Source – NAV INDIA.
Indian retail investors are betting big on gold exchange-traded funds (ETFs). At a time when domestic mutual funds find it difficult to keep retail investors in equity schemes, rising retail participation in gold ETFs has brought it some relief. Though the historically high prices have hit jewellery retail sales, as buyers anticipate an imminent correction from current levels, the steep rally seems to have not deterred investors getting into gold ETFs.
News Source – BUSINESS STANDARD.
NEW FUND LAUNCH
Tata Mutual Fund has launched the New Fund Offer (NFO) Tata Fixed Maturity Plan Series – 38 Scheme A, a close-ended debt scheme. NFO opens for subscription on August 17, 2011 and closes on August 29, 2011. The duration of the scheme will be 731 days from the date of allotment of units. No entry and exit load is applicable. The scheme offers dividend payout and growth option.
News Source – LIVE MINT.