Canara Robeco Mutual Fund has announced 28 March 2012 as the record date for declaration of dividend under the dividend option of Canara Robeco Fixed Maturity Plan – Series 6-14 Months (Plan A). The quantum of dividend per unit will be 100% distributable surplus as on record date on the face value of Rs. 10 per unit.
News Source -Â INDIA INFOLINE.
Baroda Pioneer Mutual Fund has announced 27 March 2012 as the record date for declaration of dividend under the quarterly dividend op tion of Baroda Pioneer Public Sector Under taking (PSU) Bond Fund and Baroda Pioneer Monthly Income Plan (MIP) Fund respectively. The proposed dividend per unit will be:
1) Baroda Pioneer Public Sector Under taking (PSU) Bond Fund: Rs 0.1788 per unitÂ
2) Baroda Pioneer Monthly Income Plan (MIP) Fund: Rs 0.20 per unitÂ
News Source -Â NAV INDIA.
Japan’s Nippon Life Insurance Co today signed the final agreement to acquire a 26% stake in the Anil Ambani Group firm’s fund management unit, Reliance Capital Asset Management Company (RCAM) for Rs 1,450 crore. The deal, first announced in January this year, is the largest foreign direct investment (FDI) deal in any Indian asset management company till date. Nippon Life will invest an aggregate value of Rs 1,450 crore ($290 million) to acquire 26% stake in the Anil Ambani Group firm’s fund management unit, the company said in a statement.
Commenting on the development, Reliance Capital Chief Executive Officer Sam Ghosh said: “We are delighted to sign the final agreements with Nippon and look forward to having them as our strategic partners in the mutual fund business. We will be filing our application with the regulators for approval and hope to conclude this transaction soon.”
News Source -Â BUSINESS STANDARD.
Mutual fund investors have something to cheer about in this Union budget because they will find that this investment route retains its importance in their portfolio. The rollout of the direct taxes code (DTC) has been pushed forward, making the tax-saving route of equity-linked savings scheme (ELSS) available for investors in the coming financial year also. This, along with the other applicable tax benefits for mutual funds as a whole, should ensure that various schemes remain on the investment radar for most investors.
News Source -Â FINANCIAL CHRONICLE.
Religare Mutual Fund has announced 28 March 2012 as the record date for declaration of dividend under the dividend option of Religare Fixed Maturity Plan – Series VI – Plan E (367 Days), a close ended debt scheme. The quantum of dividend per unit will be entire distributable surplus as on the record date on the face value of Rs. 10 per unit.Â
The fund house has fixed 28 March 2012 as the record date for the purpose of determining eligible unit holders holding units of the scheme who would be entitled to the maturity / redemption proceeds on the maturity/final redemption date of the scheme. The maturity/final redemption date of the scheme is 28 March 2012.
UTI Mutual Fund has announced 28 March 2012 as the record date for declaration of dividend under the following schemes. The quantum of dividend per unit will be:Â
1) UTI Bond Fund (Dividend option): 1.75% or Rs 0.175 per unitÂ
2) UTI G-Sec STP: 6.00% or Rs 0.60 per unitÂ
3) UTI Treasury Advantage Fund (Quarterly Dividend Plan): 2.00% or Rs 20.00 per unitÂ
4) UTI Dynamic Bond Fund (Dividend option): 2.50% Rs 0.250 per unitÂ
5) UTI Short Term Income Fund Monthly Dividend – Sub Option:Â
6) UTI – Gilt Advantage Fund – LTP (Provident Fund Dividend Plan): 3.5% or Rs 0.350 per unit
7) UTI Fixed Income Interval Fund -Monthly Interval Plan I