NEW FUND OFFER
Baroda Pioneer Mutual Fund files offer document with Sebi to launch Baroda Pioneer Sensex Plus Fund, an open ended index scheme. The New Fund Offer price is Rs. 10 per unit. The investment objective is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in the equity and equity related securities of companies which form part of BSE Sensex.
News Source – INDIA INFOLINE.
UTI Mutual Fund has announced 20 October 2011 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund-Monthly Interval Plan I (debt oriented interval scheme). The quantum of dividend will be 100% distributable surplus as on the record date. The scheme recorded NAV of Rs 10.0568 per unit under retail plan and Rs 10.0571 per unit under institutional plan as on 13 October 2011.
News Source – NAV INDIA.
Franklin Templeton Mutual Fund has announced dividend under the dividend option of the following schemes: The record date for the above dividends will be October 21, 2011. Franklin India Opportunities Fund declared a dividend of Rs. 1 per unit on October 25, 2010. It has declared 6 dividends in last 6 years. Franklin InfoTech declared a dividend of Rs. 2 per unit in October 2010. FT India Dynamic PE Ratio Fund of Funds had declared a dividend of Rs. 4.404 per unit on August 1, 2011.
News Source – VALUE RESEARCH.
CRISIL has assigned its 'CRISIL AAAmfs' rating to IDBI Mutual Fund's (IMF's) IDBI Short-Term Bond fund. Schemes with this rating are considered to have the highest degree of safety regarding timely receipt of payments from the investments that the schemes have made. The funds are managed by IMF's asset management company (AMC), IDBI Asset Management Ltd (IAML). The rating indicates CRISIL's opinion on the credit quality of the portfolio of debt securities that the fund holds; the rating does not indicate the AMC's willingness, or ability, to make timely payments to the fund's investors. The rating is also not an opinion on the fund's net asset value (NAV); the NAV can vary with developments in the market.
News Source – CRISIL.