DIVIDEND

1.Reliance Fixed Horizon Fund-XVI-Series 4 announces dividend.

Reliance Mutual Fund has announced 29 November 2011 as the record date for declaration of dividend under the dividend payout option of Reliance Fixed Horizon Fund-XVI-Series 4 (close ended income scheme). The quantum of dividend will be entire distributable surplus available in the scheme as on the record date on the face value of Rs 10 per unit.

News Source – NAV INDIA.

GENERAL

2.Reliance MF introduces SWP facility in two plans.

Reliance Mutual fund has announced to introduce Systematic Withdrawal Plan (SWP) facility under two schemes Reliance Money Manager – Retail Plan & Institutional plan and Reliance Liquid Fund – Treasury Plan – Institutional plan with effect from November 28, 2011. The minimum withdrawal amount will be Rs 500 and in multiples of Rs 100 thereafter, subject to revision by AMC. All SWP transactions would be reported on either of the 1st, 8th, 15th, 22nd transaction day of the respective month/quarter. This facility is available for all sub options except for daily dividend option.

News Source – MONEY CONTROL.

NEW FUND LAUNCH

3.Taurus Quarterly Interval Fund Series 1.



Taurus Mutual Fund launched Taurus Quarterly Interval Fund Series 1, a close ended income scheme. The new issue is open for subscription from 24th November and closes on 29th November 2011.

News Source – AMFI INDIA.

DIVIDEND

4.UTI Dividend Yield Fund announces dividend.

UTI Mutual Fund has announced 30 November 2011 as the record date for declaration of dividend under dividend option of UTI Dividend Yield Fund (open ended equity oriented scheme). The quantum of dividend will be 4% or upto 90% of distributable surplus available as on the record date, whichever is lower (to be rounded off to multiple of 0.50% on the lower side, so as to remain within the limit of 90% of distributable surplus).

News Source – NAV INDIA.

5.Tata MF declares dividend under Fixed Income Portfolio Fund-Scheme B2.

Tata Mutual Fund has declared dividend under quarterly dividend option of Tata Fixed Income Portfolio Fund-Scheme B2 (open ended debt fund) on face value of the unit is Rs 10 per unit. The quantum of dividend will be entire returns generated between 29 August 2011 to 30 November 2011 subject to availability of distributable surplus will be distributed as dividend. The record for the dividend payout has been fixed as November 30, 2011.

News Source – LIVE MINT.

Latest Indian Mutual Fund News | 25-Nov-2011
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