mutual fund newsDIVIDEND

1.Axis Mutual Fund announces dividend under various schemes.

Axis Mutual Fund has announced 26 March 2012 as the record date for declaration of dividend under the following schemes. The quantum of dividend per unit on the face value of Rs 10 per unit will be:

1) Axis Fixed Term Plan-Series 13 (370 days)-Quarterly dividend under dividend option: Entire distributable surplus on the record date each
2) Axis Income Saver-Quarterly and Half Yearly dividend option: Rs 0.30 per unit each
3) Axis Income Saver-Annual Dividend option: Rs 0.50 per unit
4) Axis Dynamic Bond Fund-Quarterly Dividend option: Rs 0.25 per unit
5) Axis Dynamic Bond Fund-Half Yearly Dividend option: Rs 0.35 per unit
6) Axis Fixed Term Plan-Series 14 (368 days)-Quarterly Dividend option: Rs 0.20 per unit
7) Axis Fixed Term Plan-Series 15 (370 days)-Quarterly Dividend option: Rs 0.15 per unit
8) Axis Fixed Term Plan-Series 16 (370 days)-Quarterly Dividend option: Rs 0.15 per unit
9) Axis Fixed Term Plan-Series 17 (12 months)-Quarterly Dividend option: Rs 0.05 per unit

News Source - INDIA INFOLINE.

2.Bharti AXA Mutual Fund announces dividend under various schemes.

Bharti AXA Mutual Fund has announced 26 March 2012 as the record date for declaration of dividend under the quarterly dividend options of the following schemes. The quantum of dividend per unit on the face value of Rs. 10 per unit will be:

1) Bharti AXA Short Term Income Fund-Regular Plan: Rs. 0.24 per unit
2) Bharti AXA Regular Return Fund-Eco Plan: Rs. 0.20 per unit
3) Bharti AXA Regular Return Fund-Regular Plan: Rs. 0.20 per unit

News Source - INDIA INFOLINE.

3.Religare Fixed Maturity Plan Series VI-Plan D (370 Days) announces dividend.

Religare Mutual Fund has announced 26 March 2012 as the record date for declaration of dividend under the dividend option of Religare Fixed Maturity Plan Series VI-Plan D (370 Days), a close ended debt scheme. The amount of dividend per unit will be entire distributable surplus as on the record date.

News Source - NAV INDIA.

4.Pramerica Mutual Fund announces dividend under various schemes.

Pramerica Mutual Fund has announced 26 March 2012 as the record date for declaration of dividend under the following schemes. The quantum of dividend per unit on the face value of Rs. 1000 per unit will be:

1) Pramerica Credit Opportunities Fund-Dividend Option: Rs. 34.50 per unit
2) Pramerica Short Term Income Fund-Quarterly Dividend Option: Rs. 19 per unit
3) Pramerica Dynamic Bond Fund- Quarterly Dividend Option: Rs. 11 per unit

News Source - INDIA INFOLINE.

5.Canara Robeco FMP Series 6 – 13 Months – Plan A: Dividend Declaration.

Canara Robeco Mutual Fund has announced dividend under the dividend of Canara Robeco FMP Series 6 – 13 Months – Plan A. The quantum of dividend will be upto 100% of the distributable surplus as on the record date. The record date has been fixed as March 26, 2012. This scheme will mature on the same day.



News Source - VALUE RESEARCH.

6.Tata Mutual Fund announces dividend under various schemes.

Tata Mutual Fund has announced 26 March 2012 as the record date for declaration of dividend under the following schemes. The quantum of dividend per unit will be:

1) Tata Fixed Maturity Plan Series 31 Scheme C-Periodic Dividend: Entire distributable surplus available on the record date
2) Tata Fixed Maturity Plan Series 35 Scheme A-Periodic Dividend: Rs 0.05 per unit
3) Tata Fixed Maturity Plan Series 36 Scheme B-Periodic Dividend: Entire distributable surplus available on the record date
4) Tata Fixed Maturity Plan Series 38 Scheme G-Periodic Dividend: Entire distributable surplus available on the record date

News Source - NAV INDIA.

7.UTI Mutual Fund announces dividend under two schemes.

UTI Mutual Fund has announced 26 March 2012 as the record date for declaration of dividend under UTI-Fixed Maturity Plan-Yearly Series (YFMP 02/11) and UTI-Fixed Term Income Fund-Series IX – I (367 DAYS). The quantum of dividend on the face value of Rs. 10 per unit under each scheme will be 100% of distributable surplus as on the record date.

News Source - INDIA INFOLINE.

NEW FUND LAUNCH

8.Baroda Pioneer 90 Day Fixed Maturity Plan – Series 6, floats on; NFO to close today.

Baroda Pioneer Mutual Fund launched a new close ended debt scheme named “Baroda Pioneer 90 Day Fixed Maturity Plan – Series 6”, with maturity time of 90 days. The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription today and will also close today.

According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.

News Source - MONEY REDIFF.

9.Axis Mutual Fund launches Axis Fixed Term Plan – Series 22 (374 Days).

Axis Mutual Fund launched Axis Fixed Term Plan – Series 22 (374 Days), a close ended income scheme. The offer is open for subscription from 21st March to 26th March.

News Source - AMFI.

Latest Indian Mutual Fund News | 22-Mar-2012
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