1.Edelweiss MF declares dividend under FMP-91 Days-Series 3.
Edelweiss Mutual Fund has declared dividend under dividend option of Edelweiss Fixed Maturity Plan (FMP)-91 Days-Series 3, a close ended income scheme. The quantum of dividend will be entire available distributable surplus as on the record date. The record date for the dividend payout has been fixed as December 15, 2011.
News Source – LIVE MINT.
2.Equity fund with a golden advantage.
Although, UTI Wealth Builder Fund – Series II (UTI WBF-II) has been categorised by the Capitaline NAV India database, which FC used for arriving at the top mutual fund performers, as being an equity multi-cap fund, it is, by original design and in reality, a equity multi-cap fund with an exposure to gold or debt or both. While most equity funds have an asset allocation of 90-100 per cent in equities and balance in cash or money-market instruments, UTI WBF-II's asset allocation allows for 65-100 per cent exposure to equities, 0-35 per cent exposure to gold exchange traded funds (ETFs) and 0.35 per cent exposure to debt.
News Source – FINANCIAL CHRONICLE.
IDBI Mutual Fund has introduced new features in IDBI Monthly Income Plan with effect from 9 December 2011. In addition to the existing facilities, the scheme will also offer the Regular Cash Flow Plan (RCFP). Under this facility investors can build a corpus either through SIP or through lump sum investments over a period of time which can then be utilized to regular cash flow. This facility is being made available in the growth option only.
News Source – MONEY CONTROL.
NEW FUND LAUNCH
4.Baroda Pioneer MF Launches Baroda Pioneer 90 Day Fixed Maturity Plan – Series 5.
Baroda Pioneer Mutual Fund has launched a new fund named as Baroda Pioneer 90 Day Fixed Maturity Plan – Series 5, a close ended debt scheme with duration of 90 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue opens and closes subscription on 12 December 2011.
News Source – NAV INDIA.
5.Religare Active Income & Religare Medium Term Bond: Dividend Declaration.
Religare Mutual Fund has announced dividend under the quarterly dividend option of Religare Active Income Plan A & Religare Medium Term Bond. The quantum of dividend for Individuals & HUFs will be Rs. 0.1762 per unit and Rs. 0.2467 per unit for Religare Active Income Plan A & Religare Medium Term Bond, respectively. The record date has been fixed as December 15, 2011.
News Source – VALUE RESEARCH.
Taurus Mutual fund has announced dividend under dividend option of Taurus Dynamic Income Fund (open ended debt scheme), the record date for which has been fixed as December 16, 2011. The quantum of dividend will be 100% distributable surplus as on the record date over and above the base NAV of Rs 10.30.
NEW FUND LAUNCH
7.Axis Capital Protection Oriented Fund – Series 3 Floats On.
Axis Mutual Fund has launched a new fund named as Axis Capital Protection Oriented Fund – Series 3, a 3 year close ended capital protection oriented fund. The New Fund Offer price is Rs. 10 per unit. The New Fund Offer (NFO) price for the schemes is Rs. 10 per unit. The new issue which is open for subscription from 9 December will close on 23 December 2011.
News Source – INDIA INFOLINE.