NEW FUND OFFER
1.Morgan Stanley MF plans to launch gilt fund.
Morgan Stanley Mutual Fund has filed an offer document with SEBI to launch its open ended Morgan Stanley Gilt Fund. The fund will invest in sovereign securities issued by the central government and/or state government or repos/reverse repos in such securities or any security unconditionally guaranteed by the central/state government. It will be benchmarked against I-SEC Composite Gilt Index. The minimum application amount is Rs. 5,000 plus in multiples of Re. 1.
News Source – CAFE MUTUAL.
2.Reliance Mutual Fund announces dividend under its two schemes.
Reliance Mutual Fund has announced dividend for Reliance Medium Term Fund and Reliance Monthly Income Plan under its quarterly dividend option. The quantum of dividend for distribution is Rs.0.2375 per unit for Reliance Medium Term Fund and Rs.0.2000 for Reliance Monthly Income Plan . The record rate for dividend distribution is 20th December 2011.
News Source – MUTUAL FUND INDIA.
Baroda Pioneer Mutual Fund has announced 19 December 2011 as the record date for the declaration of dividend on the face value of Rs. 10 per unit in Baroda Pioneer 90 Day Fixed Maturity Plan – Series 4. The quantum of dividend will be Rs. 0.20424 per unit as on the record date. The scheme recorded NAV of Rs. 10.2044 per unit as on 19 December 2011.
News Source – INDIA INFOLINE.
Tata Mutual Fund has announced dividend under the quarterly dividend option of the following debt schemes:
Tata Gilt Short Maturity
Tata GSF HI
Tata Income Plus
Tata Income Plus HI
Tata MIP Plus
Tata Monthly Income
Tata Fixed Maturity Plan Series 29 Scheme B
The record date will be December 20, 2011.
News Source – VALUE RESEARCH.
JM Financial Mutual Fund has announced dividend under dividend option of JM Quarterly Interval Plan 1. The quantum of dividend for Retail as well as Institutional plan will be the realized appreciation in the NAV till the record date. The record date has been fixed as December 19, 2011. The Specified Transaction Period will be from December 15, 2011 to December 19, 2011. Similarly, the minimum investment amount will be Rs.5000 for retail and Rs.5 Lakhs for institutional plan.
News Source – VALUE RESEARCH.
6.Franklin Templeton MF facilitates MF trading in its scheme.
Franklin Templeton Mutual Fund with a view to increase the network and enhance the service levels for investors has extended the facility to subscribe and redeem the units of Templeton India Corporate Bond Opportunities Fund through NSE and BSE infrastructure, with effect from 15 December 2011. However subscriptions of amount less than Rs 1 crore only will be permitted through this facility. Templeton India Corporate Bond Opportunities Fund is an open ended income fund with an investment objective to provide regular income and capital appreciation through a focus on corporate securities.
News Source – MONEY CONTROL.
1.Daiwa Fixed Maturity Plan-3M-Series 2 announces dividend.
Daiwa Mutual Fund has announced 21 December 2011 as the record date for declaration of dividend in Daiwa Fixed Maturity Plan-3M-Series 2, a close ended income scheme. The quantum of dividend will be entire distributable surplus as on record date on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 10.2100 per unit as on 14 December 2011. The scheme will mature on 21 December 2011.
News Source – NAV INDIA.
2.Reliance Regular Savings Debt Fund: Dividend Declaration.
Reliance Mutual Fund has announced dividend under the quarterly dividend option of Reliance Regular Savings Debt Fund. The quantum of dividend will be Rs. 0.2200 per unit for retail plan and Rs. 0.2418 for institutional plan. The record date has been fixed as December 21, 2011.
NEW FUND LAUNCH
Sundaram Mutual Fund has launched the New Fund Offer (NFO) Sundaram Fixed Term Plan – CG, a close ended income scheme. The NFO opens for subscription on December 16, 2011 and closes on December 21, 2011. No entry and exit load charges is applicable for the scheme. The duration of the scheme will be 18 months from the date of allotment of units. The scheme offers dividend payout and growth option.
News Source – LIVE MINT.