Latest Indian Mutual Fund News | 28-Feb-2012
1.Peerless Mutual Fund announces dividend.
Peerless Mutual Fund has announced the dividend of Rs. 0.07 per unit under Peerless Income Plus Fund – Monthly Dividend Option on the face value of Rs. 10 per unit for record date 24th Feb, 2012.
Peerless Income Plus fund is an open ended debt scheme which has the investment objective to generate regular income through a portfolio of predominantly high quality fixed income securities and with a marginal exposure to equity and equity related instruments.
News Source – PEERLESS MUTUAL FUND.
2.Tata Pure Equity Fund Declares Dividend.
Tata Mutual Fund has announced the declaration of dividend under dividend option of Tata Pure Equity Fund. The record date for dividend has been fixed as 2 March 2012. The quantum of dividend will be Rs. 2.50 per unit. The scheme recorded NAV of Rs. 35.8236 per unit as on 24 February 2012.
News Source – INDIA INFOLINE.
Franklin Templeton Mutual Fund has announced 2 March 2012 as the record date for declaration of dividend in Franklin India Prima Plus, an open ended growth scheme. The quantum of dividend will be Rs. 2.50 per unit on the face value of Rs. 10 per unit. The scheme recorded NAV of Rs. 26.3706 per unit as on 24 February 2012.
News Source – INDIA INFOLINE.
In a clean-up exercise, mutual fund houses have eliminated one-tenth of the equity schemes in operation in 2011. As many as 33 equity funds were merged with other schemes this year, even as fund houses made fewer new fund launches. Fund houses have resorted to merger of their schemes in three situations.
Some have merged narrowly defined sector funds with diversified equity funds, because the latter may deliver steadier long-term returns. For instance, Franklin Templeton merged its FMCG and Pharma funds into its successful diversified equity scheme Franklin India Prima Plus in August 2011. Both the sector funds delivered a good performance in the last two years. Similarly, Kotak Mutual fund merged its theme-based Lifestyle Fund and Indo World Infrastructure fund into its Kotak Select Focus Fund.
News Source – BUSINESS LINE.
5.SEBI to hire professional agency to educate investors.
Capital market regulator SEBI will launch a big investor education programme through short films, TV and radio commercials in English and regional languages. To spread the awareness drive, it plans to hire a creative agency having annual revenue of at least Rs 100 crore in the past three fiscal years.
The objective is "to create general awareness on securities market, various products available in securities market and facilitate the participation of the retail investors in the securities market to invest with knowledge," SEBI said.
News Source – BUSINESS STANDARD.
NEW FUND LAUNCH
6.Religare MF Unveils Religare Fixed Maturity Plan – Series XIII – Plan A.
Religare Mutual Fund has unveiled a new fund named as Religare Fixed Maturity Plan – Series XIII – Plan A (370 Days), a close ended debt scheme. The tenure of the scheme is 370 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 27 February and closes on 28 February 2012.
News Source – NAV INDIA.
7.Axis FTP Series 18 (15 Months): Extension of NFO.
Axis Mutual Fund has extended the new fund offer (NFO) period of Axis FTP Series 18 (15 Months). Now, the NFO will close on February 27, 2012 instead of February 24, 2012.
News Source – VALUE RESEARCH.
NEW FUND LAUNCH
UTI Mutual Fund has announced the launch of new fund offer (NFO) of UTI Fixed Term Series XI – II (400Days). The NFO will be open for subscription only on February 27, 2012. The maturity date will be April 2, 2013.
News Source – VALUE RESEARCH.https://www.investmentkit.com/articles/2012/02/latest-indian-mutual-fund-news-28-feb-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,diversified equity funds,dividend option,Draft,equity,india infoline,mutual fund news,NFO,Peerless,Plus,tata mutual fundDIVIDEND1.Peerless Mutual Fund announces dividend.Peerless Mutual Fund has announced the dividend of Rs. 0.07 per unit under Peerless Income Plus Fund - Monthly Dividend Option on the face value of Rs. 10 per unit for record date 24th Feb, 2012. Peerless Income Plus fund is an open ended debt scheme...Admin[email protected]AdministratorInvestmentKit Articles
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