mutual fund newsNEW FUND OFFER

1.Indiabulls Income Fund files offer document with SEBI.

Indiabulls Mutual Fund has filed offer document with Sebi to launch Indiabulls Income Fund, an open ended debt scheme. The New Fund Offer price is Rs. 10 per unit. The primary investment objective of the Scheme is to generate a steady stream of income and/or medium to long term capital appreciation/gain through investment in fixed income securities.

News Source - INDIA INFOLINE.

DIVIDEND

2.Reliance Mutual Fund announces dividend under two schemes.

Reliance Mutual Fund has announced 20 March 2012 as the record date for declaration of dividend under the following schemes on the face value of Rs. 10 per unit. The quantum of dividend will be:

Reliance Medium Term Fund – Quarterly Dividend Plan: 0.1975 per unit 

Reliance Monthly Income Plan- Quarterly Dividend Option: 0.2400 per unit

News Source - INDIA INFOLINE.

3.Religare Fixed Maturity Plan – Series V – Plan D (13 Months) announces dividend.

Religare Mutual Fund has announced 20 March 2012 as the record date for declaration of dividend under the dividend option of Religare Fixed Maturity Plan – Series V – Plan D (13 months), a close ended debt scheme. The quantum of dividend will be entire distributable surplus as on the record date.



News Source - INDIA INFOLINE.

4.Baroda Pioneer MF Declares Dividend Under 90 Day Fixed Maturity Plan – Series 5.

Baroda Pioneer Mutual Fund has announced 19 March 2012 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 5.

News Source - NAV INDIA.

5.Canara Robeco Interval Scheme – Series 2 – Quarterly Plan 2 announces dividend.

Canara Robeco Mutual Fund has announced 20 March 2012 as the record date for declaration of dividend under Canara Robeco Interval Scheme – Series 2 – Quarterly Plan 2. The quantum of dividend will be 100% distributable surplus as on the record date. The scheme recorded NAV of Rs 10.2190 per unit under retail plan-dividend option and Rs 10.2191 per unit under institutional plan-dividend option as on 13 March 2012. 

News Source - NAV INDIA.

GENERAL

6.JM QIF 1: Revision in Minimum Investment Amount during STP.

JM Financial Mutual Fund has revised the minimum investment amount during Specified Transaction Period (STP) under JM QIF 1. The revised amount will be Rs.5000 under retail and Rs.5 lacs under institutional plan. Further, existing investor can make additional investment of Rs.1000 and any amount thereafter. There is no upper limit for them.

News Source - VALUE RESEARCH.

Latest Indian Mutual Fund News | 16-Mar-2012
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