DIVIDEND

1.Taurus Fixed Maturity Plan Series C (367 days close ended debt scheme) announces dividend.

Taurus Mutual Fund has announced 15 March 2012 as the record date for declaration of dividend under the dividend option of Taurus Fixed Maturity Plan Series C (367 days close ended debt scheme). The quantum of dividend will be 100% of distributable surplus as on record date. 

News Source – INDIA INFOLINE.

 

2.Templeton India Equity Income Fund announces dividend.

Franklin Templeton Mutual Fund has announced 16 March 2012 as the record date for declaration of dividend under the dividend option of Templeton India Equity Income Fund. The quantum of dividend will be Rs. 0.70 per unit on the face value of Rs. 10 per unit. Templeton India Equity Income Fund is an open ended diversified equity fund that seeks to provide a combination of regular income and long-term capital appreciation by investing primarily in stocks that have a current or potentially attractive dividend yield.

News Source – INDIA INFOLINE.

 

3.Edelweiss MF Declares Dividend for Fixed Maturity Plan – Series 4.

Edelweiss Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend option of Edelweiss Fixed Maturity Plan – Series 4. The record date for dividend is set as 15 March 2012. 

News Source – NAV INDIA.

 

4.Franklin Templeton Mutual Fund announces dividend under two schemes.

Franklin Templeton Mutual Fund has announced 23 March 2012 as the record date for declaration of dividend under Franklin Templeton Fixed Tenure Fund – Series XIV – Plan A and Franklin Templeton Fixed Tenure Fund – Series XIV – Plan B.

News Source – NAV INDIA.

 

GENERAL

 

5.New mutual fund advertising norms to help investors.

Till now, mutual fund advertising in India has typically devoted a greater area to statutory warnings than cigarette advertising used to, or liquor advertising does in parts of the world where it's allowed. It isn't unusual as up to 40% of print advertising is devoted to warnings and disclosures of one kind or another. 


Now, finally, market regulator SEBI has rationalised and simplified the regulations pertaining to such advertising. And for once, when a regulatory organisation says rationalised, it's actually true. The bulk of the verbiage in existing fund advertising consists of various disclaimers and risk factors.

News Source – ECONOMIC TIMES.

 



NEW FUND LAUNCH

 

6.Indiabulls FMP 387 Days March 2012 (I).

Indiabulls Mutual Fund launched Indiabulls FMP 387 Days March 2012 (I), a close ended income scheme. The new issue is open for subscription from 12th March and closes on 13th March 2012.

News Source – AMFI.

 

NEW FUND OFFER

 

7.Peerless Fixed Maturity Plan Series 1 – 4 files offer document with SEBI.

Peerless Mutual Fund has filed offer document with SEBI to launch Peerless Fixed Maturity Plan Series 1 – 4, a close ended debt scheme. The New Fund Offer price is Rs 10 per unit. The primary investment objective of the Plan(s) of the scheme is to generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of the Plan(s) of the scheme. Under the scheme, the mutual fund proposes to offer 4 Plans of tenure ranging between 30 days and 400 days from the date of allotment of the respective Plans (including the date of allotment).

News Source – INDIA INFOLINE.

 

DIVIDEND

8.Taurus Dynamic Income Fund announces dividend.

Taurus Mutual Fund has announced 16 March 2012 as the record date for declaration of dividend under the dividend option of Taurus Dynamic Income Fund, an open ended income scheme. The quantum of dividend will be 100% of distributable surplus as on the record date over and above the base NAV of Rs. 10.30 per unit.

News Source – INDIA INFOLINE.

 

9.Reliance Mutual Fund announces dividend under various schemes.

Reliance Mutual Fund has announced 16 March 2012 as the record date for declaration of dividend under the dividend plans of Reliance Media & Entertainment Fund, Reliance Long Term Equity Fund, Reliance Pharma Fund, Reliance NRI Equity Fund and Reliance Banking Fund – Retail Plan. The quantum of dividend on the face value of Rs 10 per unit will be Rs 1 per unit under each scheme. 

News Source – NAV INDIA.

 

NEW FUND LAUNCH

10.Edelweiss MF Floats 91 Days Fund.

Edelweiss Mutual Fund has launched a new fund named as Edelweiss Fixed Maturity Plan C Series 5, a close ended income scheme with the duration of 91 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 12 March and will close on 15 March 2012. The primary investment objective of the scheme is to generate regular income through investment in debt and money market instruments maturing on or before the maturity date of the scheme.

News Source – NAV INDIA.
Latest Indian Mutual Fund News | 13-Mar-2012
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