DIVIDEND

1.Declaration of dividend for Principal MF Fixed Maturity Plan – 540 Days – Series IV.

 

Principal Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of Principal PNB Fixed Maturity Plan – 540 Days – Series IV, a close ended debt scheme. The record date for dividend is August 30, 2011. The quantum of dividend will be entire distributable surplus as on the record date. The scheme recorded NAV of Rs 11.0800 per unit as on August 23, 2011.



News Source – LIVE MINT.

GENERAL

2.Aim to attract retail segment with gold fund: SBI MF.

 

SBI Mutual Fund recently announced that it is going to launch a mutual fund related to gold. In regards to the same, Navneet Munot, the chief investment officer of the fund told CNBC-TV18 that the main feature of the fund was to promote the concept of a systematic investment plan (SIP) in gold. "This fund will be investing in the gold exchange traded fund (ETF) as an underlying. So this method is very convenient to those investors who are not very comfortable with buying the gold ETF through the stock exchanges" he said in an exclusive interview. He goes on to say that this fund will enjoy the same tax benefits as any exchange traded gold ETF.

News Source – MONEY CONTROL.

NEW FUND LAUNCH

3.ICICI Prudential MF Unveils Three Year Fixed Maturity Plan.

 

ICICI Prudential Mutual Fund has unveiled a new fund named as ICICI Prudential Fixed Maturity Plan – Series 57 – 3 Year Plan A, a close ended debt scheme. The tenure of the scheme is 1110 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 24 August and close on 2 September 2011.

READ  Latest Indian Mutual Fund News | 03-Jan-2012

News Source – NAV INDIA.

NEW FUND OFFER

1.JPMorgan India E.D.G.E Fund files offer document with Sebi.

 

JPMorgan Mutual Fund has filed offer document with Sebi to launch JPMorgan India E.D.G.E (Equity Debt Gold Exposure) Fund, an open ended hybrid fund offering two schemes, viz. Regular Income Scheme (an open ended income scheme) and Next Gen Scheme (an open ended equity growth scheme). The investment objective of the Fund is to seek to generate capital appreciation by investing in a diversified portfolio of equity and equity related securities, debt and money market instruments and Gold Exchange Traded Funds ('Gold ETFs"), through two (2) different Schemes:

News Source – NAV INDIA.

NEW FUND LAUNCH

2.Religare MF introduces Religare FMP – Series IX – Plan C (182 Days).

 

Religare Mutual Fund has announced the New Fund Offer (NFO) Religare Fixed Maturity Plan – Series IX – Plan C (182 Days), under Religare Fixed Maturity Plan – Series IX – Plan A to F, close ended debt scheme. The NFO opens for subscription on September 9, 2011 and closes on September 12, 2011. The duration of the scheme will be 182 days from the allotment of the unit. No entry and exit load is applicable. The scheme offers dividend payout and growth option.

News Source – LIVE MINT.

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Admin August 27, 2011

AdminMutual FundsAuto,chief investment officer,close,cnbc,cnbc tv18,date,dividend option,Draft,exchange traded fund,gold etf,gold exchange traded fund,gold fund,ICICI,icici prudential mutual fund,income,investment,money control,Mutual,mutual fund news,navneet,New,News,NFO,Offer,Open,principal,Religare,retail segment,sbi,sbi mf,Sebi,systematic investment plan,yearDIVIDEND 1.Declaration of dividend for Principal MF Fixed Maturity Plan - 540 Days - Series IV.   Principal Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of Principal PNB Fixed Maturity Plan - 540 Days - Series IV, a close...Educating Investors