UTI Mutual Fund announced the declaration of dividend on the face value of Rs 100 per unit under dividend option of UTI – Unit Scheme for Charitable and Religious Trusts and Registered Societies (UTI-CRTS) (open-ended income oriented scheme). The record date for dividend has been fixed as 3 October 2011. The quantum of dividend will be Rs 5 per unit. The scheme recorded NAV of Rs 125.6001 per unit as on 26 September 2011.
News Source – NAV INDIA.
If there is one thing that the 2011 edition of the Economic Times Brand Equity survey of the most trusted brands shows, it is how difficult it is to win and retain consumer trust. Granted, in some ways, this is an unequal battle in which personal care, personal service and food brands have a clear edge over, say, engineering goods brands, in occupying the consumer’s mindspace.
Among Mutual Funds, the top rank goes to public sector LIC, but private operators occupy the second and third spots.
News Source – ECONOMIC TIMES.
Tata Mutual Fund has announced that the closing date for New Fund Offer (NFO) of Tata SIP Fund Series 3, a close ended hybrid scheme has been extended till 4 October 2011. The subscriptions for the NFO of Tata SIP Fund Series 3 would be accepted till the close of business hours on the above mentioned date. Accordingly the NFO is open for subscription from 20 September 2011 to 4 October 2011.
News Source – INDIA INFOLINE.
NEW FUND LAUNCH
Principal Mutual Fund launched Principal Pnb Fixed Maturity Plan – Series A2, a close ended income scheme. The new issue is open for subscription from 29th September and closes on 3rd October 2011.
News Source – AMFI INDIA.
Fidelity Mutual Fund has announced dividend under Fidelity Fixed Maturity Plan Series III-Plan F. The quantum of dividend will be entire distributable surplus as on the record date on the face value of Rs 10 per unit. The investment objective of the scheme is to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short to mid-term debt instruments having maturity, on or before the date of maturity of a plan. The record date for dividend distribution is 4th October 2011.
News Source – MUTUAL FUND INDIA.
Eleven Brandworks has been assigned the creative mandate for Tata Mutual Fund. The agency won the account in a multi-agency pitch held earlier this month, where it was pitted against the incumbent agency Quadrant Communications and Salt, among others. Concept Communications is the media agency on the account.
News Source – EXCHANGE 4MEDIA.
Union KBC Mutual Fund has announced change in face value per unit of Union KBC Liquid Fund with effect from 2 October 2011. Accordingly, the following changes will be effected in the SID and KIM of Union KBC Liquid Fund: I) The face value per unit of all option under the scheme will be changed from Rs 10 to Rs 1000. Accordingly, the NAV per unit of the scheme will be rest to reflect the change in the face value per unit and the balance unit holding in respect of the existing unit holders will reduce proportionately. However, this change will not have any impact on the current value of their investments in the scheme.
II) Consequent to the above change, the applicable Net Asset Value (NAV) for the scheme will be based on Rs 1000 for all transaction effected at the applicable NAV of 2 October 2011 (valid subscription accepted till 2 pm on 3 October 2011 and valid redemptions accepted till 3 pm on 29 September 2011), and on all days thereafter.
NEW FUND LAUNCH
Taurus Mutual Fund has introduced Taurus Opti Plans (TOP), which will be available to investors in all the open ended schemes of Taurus Mutual Fund where facility of Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) has been provided.
Asset management firm DSP BlackRock Investment Managers today launched an agriculture fund, DSP BlackRock World Agriculture Fund, which is an an open-ended fund of funds scheme. The scheme aims at capital appreciation by investing predominantly in the units of BlackRock Global Funds-World Agriculture Fund, the asset management firm said in a statement issued here. The scheme will open on September 30 and closes on October 14.
News Source – MONEY CONTROL.