Latest Indian Mutual Fund News | 13-Jan-2012
1.Tata Floater Fund announces dividend.
Tata Mutual Fund has announced 17 January 2012 as the record date for declaration of dividend under the periodic dividend option of Tata Floater Fund. The quantum of dividend per unit will be entire distributable surplus subject to availability & adequacy of distributable surplus on the record date on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 10.2683 per unit as on 10 January 2012.
News Source – NAV INDIA.
2.No. of distributors qualifying for due diligence comes down.
More than 300 distributors will heave a sigh of relief, as the list of distributors meeting the due diligence criteria has reportedly shrunk to 220-odd from 529. The list of 529 distributors has been trimmed to roughly 220 now as a result of rectification of error, inform two senior industry officials familiar with the issue.
News Source – CAFE MUTUAL.
3.UTI Treasury Advantage Institutional Plan: Dividend Declaration.
UTI Mutual Fund has announced dividend under the quarterly dividend option of UTI Treasury Advantage Institutional Plan. The quantum of dividend will be the 100% of distributable surplus as on the record date. The record date has been fixed as January 17, 2012.
News Source – VALUE RESEARCH.
4.Motilal Oswal Mutual Fund introduces Smart Trigger Option for Motilal Oswal MOSt 10 Year Gilt Fund.
Motilal Oswal Mutual Fund has introduced a Trigger facility under Motilal Oswal MOSt 10 Year Gilt Fund with effect from 26 December 2011.
Smart Trigger Option (STO) is an add-on facility offered in Motilal Oswal Most 10 Year Gilt fund (MOSt 10 Year Gilt Fund) that enables investors to make the most of the market movements without the hassle of constant tracking. In another words, it is selection of an event in which the fund will redeem all the units/to the extent of capital appreciation/principal amount, automatically on behalf of the investor on the date of the happening of the event. The investor can specify a specific event/action, which may be related to time or value in advance and when that pre-defined event/action takes place the trigger will get activated.
NEW FUND LAUNCH
5.Reliance MF Floats Reliance Fixed Horizon Fund – XXI – Series 5.
Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXI – Series 5, a close ended income scheme with the duration of 369 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs. 10 per unit. The new issue will be open for subscription from 12 January and will close on 16 January 2012.
News Source – INDIA INFOLINE.https://www.investmentkit.com/articles/2012/01/latest-indian-mutual-fund-news-13-jan-2012/https://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegMutual FundsAuto,date,dividend declaration,dividend option,Draft,GILT,Motilal,Mutual,mutual fund news,News,quarterly dividend,tata mutual fund,TriggerDIVIDEND1.Tata Floater Fund announces dividend.Tata Mutual Fund has announced 17 January 2012 as the record date for declaration of dividend under the periodic dividend option of Tata Floater Fund. The quantum of dividend per unit will be entire distributable surplus subject to availability & adequacy of distributable surplus on...Admin[email protected]AdministratorInvestmentKit Articles
Subscribe Updates, Its FREE!