small; “>NEW FUND OFFER

1.Union KBC MF introduces Union KBC Tax Saver Scheme.

Union KBC Mutual Fund has announced the New Fund Offer (NFO) Union KBC Tax Saver Scheme, an open ended Equity Linked Savings Scheme. NFO opens for subscription on November 8, 2011 and closes on December 9, 2011. No entry and exit load charges will applicable for the scheme. The duration of the scheme is 3 years from the allotment. The scheme offers dividend payout and growth option.



News Source – LIVE MINT

DIVIDEND

2.Declaration of dividend under Reliance Interval Fund-Quarterly Interval Fund Series II.

Reliance Mutual Fund has announced declaration of dividend under the dividend options of Reliance Interval Fund-Quarterly Interval Fund Series II-Retail Plan and Institutional Plan, a debt oriented interval scheme. The record date for dividend distribution is November 8, 2011.

News Source – LIVE MINT

3.Declaration of dividend under HDFC FMP 370D November 2010 (1).

HDFC Mutual Fund has announced declaration of dividend under normal and quarterly dividend option in HDFC FMP 370D November 2010 (1) a fixed maturity plan under HDFC Fixed Maturity Plan-Series XVII, a close ended income scheme. The record date for dividend distribution is November 8, 2011.

News Source – LIVE MINT

4.Reliance Fixed Horizon Fund -XVI-Series 2 declares dividend.

Reliance Mutual Fund (RMF) has approved declaration of dividend on the face value of Rs 10 per unit under dividend payout option in Reliance Fixed Horizon Fund – XVI – Series 2, a close ended income scheme. The record date for dividend is November 8, 2011.

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News Source – LIVE MINT

5.Tata FMP Series 29 Scheme A: Dividend Declaration.

Tata Mutual Fund has announced dividend under the periodic dividend option of Tata FMP Series 29 Scheme A. The quantum of dividend will be the entire distributable surplus as on the record date.

The record date has been fixed as November 8, 2011.

News Source – Value Research

6.LIC Nomura MF Interval Fund- Quarterly Plan Series I: Dividend Declaration.

LIC Nomura Mutual Fund has announced dividend under the dividend option of LIC Nomura MF Interval Fund -Quarterly Plan Series I. The quantum of dividend will be 100% of the distributable surplus as on the record date.

The record date has been fixed as November 11, 2011.

News Source – Value Research

GENERAL

7.Indiabulls Liquid Fund NFO raised Rs. 1107 Cr in a single day.

Indiabulls Mutual Fund, the latest 44th entrant to the industry, launched its maiden fund – Indiabulls Liquid Fund, an open ended liquid fund, on October 24, 2011 and the subscription closed on the same day as it was mandated. In a single day offering, it mobilized more than Rs.1107 Cr, the highest amount raised among each category in this calendar year.

The scheme re-opened for ongoing purchase and sale from October 28, 2011 at Net Asset Value (NAV) based prices. Indiabulls Liquid Fund is benchmarked against 'Crisil LiquidFund Index'.

It has also filed offer documents with SEBI for Indiabulls Blue Fund, Indiabulls Ultra Short-term Fund and a Fixed Maturity Plan.

News Source – Value Research

8.Are equity systematic investment plans worth it?

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What are SIPs?

The Systematic Investment Plan (SIP) is a simple plan to increase wealth over a long period of time in a disciplined manner. It allows us to invest in the stock market by way of mutual funds so that you can beat the ups and downs in the market by averaging your cost and diversifying across sectors. Equity SIPs of different amounts and time periods are offered by many brokers like ICICI Direct, HDFC securities, Reliance Securities , Kotak Securities, Geojit BNP Paribas Financial Services, Motilal Oswal Financial Services and IIFL.

Who can deal in the Equity market?

Anyone can enter the equity market and build their own portfolio through DIY-SIP in equities, a product offered by HDFC securities. DIY SIP stands for Do It Yourself Systematic Investment Plan. Another option is the Reliance Securities of the Anil Ambani group introduced RSP (Research Stock Purchase). DIY-SIP allows the customers to enter in the market with small investments. It provides a systematic way to gain direct exposure in the equity markets. ICICI started the new concept of equity SIPs on the lines of mutual funds. It invests a fixed amount every month or invests in a fixed number of stocks daily where one can invest in any blue chip funds or Exchange Traded Fund (ETF).

News Source – INDIAINFOLINE

Latest Indian Mutual Fund News | 04-Nov-2011
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