1.UTI Fixed Income Interval Fund Series II Quarterly Interval Plan V announces dividend.
UTI Mutual Fund has announced 08 November 2011 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund Series II Quarterly Interval Plan V. The quantum of dividend will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.
News Source – NAV INDIA.
2.Tata Equity P/E Fund offers dividend.
Tata Mutual Fund has proposed to declare dividend under dividend trigger option A – 5% of Tata Equity P/E Fund, open-ended equity fund. The record date is set as 08 November 2011. The quantum of dividend will be Rs. 1.25 per unit on the face value of Rs. 10 per unit.
News Source – INDIA INFOLINE.
3.Declaration of dividend under L&T FMP-IV (August 91D A).
L&T Mutual Fund has announced declaration of dividend under L&T FMP-IV, (August 91D A)-Dividend payout option, a close ended income scheme. The record date for dividend is November 8, 2011. The quantum of dividend will 100% distributable surplus as on the record date on the face value of Rs 10 per unit.
News Source – LIVE MINT.
4.SEBI asks fund houses to display agent fees on websites.
Market regulator Sebi has asked fund houses to publicly display the commission they pay distributors for selling mutual funds, a move aimed at bringing in transparency in fee structure. The regulator has asked asset management companies to disclose commission paid to distributors between April 1, 2010 and March 31, 2011, on or before November 10, according to a circular issued to fund houses.
The information has to be published on the portal of the industry body Association of Mutual Funds in India and on websites of respective fund houses, Amfi sources said. Also, the circular has made special reference to 529 large distributors, who collect more than a crore of rupees as commission per annum. Industry sources said these distributors will be scrutinized more closely by the regulator as they handle large business volumes.
News Source – ECONOMIC TIMES.