Latest Indian Mutual Fund News | 07-Jan-2012
1.Religare MF declares dividend for "Religare Short Term Plan A".
Religare Mutual Fund declares 0.2162 per cent dividend under monthly dividend payout option scheme named as "Religare Short Term Plan A" (open ended debt scheme), on the face value of Rs. 10 per unit. The record date for the dividend was set as January 2, 2012. The NAV of scheme under dividend was at Rs 10.50, as on January 2, 2012. The scheme allocated 56.60 per cent in debt, 39.80 per cent in certificate of deposit, 2.30 per cent in commercial paper, and 1.40 per cent in cash.
News Source – MONEY REDIFF.
2.SEBI officials to meet heads of financial services sector.
Senior officials of stock market regulator SEBI are meeting veterans of the financial services industry and regulatory bodies in a two-day brainstorming session starting Friday. According to sources, topics that would be deliberated are converting savings to investment, algorithm trading, foreign fund flows, bond markets, exchanges as regulators, product distribution, judicial perspective on enforcement and consent and priorities of a regulator.
The sessions would be addressed by experts such as former chairmen of SEBI, former head of a clearing house, senior professors, former chief justice of a high court, CEO of a mutual fund, veteran broker and a senior journalist covering personal finance.
News Source – BUSINESS LINE.
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