mutual fund newsDIVIDEND

1.Reliance MF Declares Dividend for Fixed Horizon Fund.

Reliance Mutual fund has announced 4 April 2012 as the record date for declaration of dividend under the dividend payout option of Reliance Fixed Horizon Fund – XIX – Series 10. The quantum of dividend per unit will be entire distributable surplus available in the schemes as on the record date. Reliance Fixed Horizon Fund – XIX – Series 10 recorded NAV of Rs 10.8478 per unit as on 28 March 2012.

News Source - INDIA INFOLINE.

2.JM Fixed Maturity Fund – Series XIX – D announces dividend.

 JM Financial Mutual Fund has announced 3 April 2012 as the record date for declaration of dividend under the dividend payout option of JM Fixed Maturity Fund – Series XIX – D. The dividend (upto) amount (inclusive of dividend distribution tax) will be realised appreciation in the NAV of the option till the record date.

News Source - NAV INDIA.

GENERAL

3.NSE to launch corporate debt ETF.

 The National Stock Exchange plans to introduce a ‘Corporate Debt Exchange Traded Fund (ETF)’ in this calendar year. ETFs are essentially index funds that are listed and traded on exchanges. In this sense, an ETF is a basket of stocks or assets such as gold or even money market instruments. Its trading value is based on the net asset value of the underlying assets that it represents.

According to a source, “We believe that exchange traded funds on corporate debt can help in bringing more liquidity and depth in the corporate bond market. Investors will be able to invest in a basket of corporate bonds, getting thereby the benefit of a portfolio for investment”.

News Source - BUSINESS LINE.

4.IFAs find the new capital protection products innovative.

 In the current challenging market scenario, AMCs have had to think out of the box to make their schemes popular. DSP Blackrock Mutual Fund and Reliance Mutual Fund have both launched Dual Advantage Fund (FMP) where 80 percent of the investment is locked in debt securities and 20 percent is invested in equity and equity related options premium.



The unique feature of this product is that it gives the investor the potential to profit from the ‘options market’ while keeping the investment stable. Being a FMP, the product is a close-ended scheme with a lock-in period of 3 years. “The important thing about such NFOs is the time of launch. I feel it is a good time when such capital protection products have been launched and there is a rising demand among the investors to buy such product”, said Mukesh Dedhia, Mumbai based IFA.

News Source - CAFE MUTUAL.

5.Edelweiss MIP & Edelweiss Short Term Income: Revision in Exit Load.

 Edelweiss Mutual Fund has revised the exit load structure of Edelweiss MIP & Edelweiss Short Term Income, with effect from April 3, 2012.

Edelweiss MIP: The revised exit load will be 2% if redeemed within 180 days of allotment, 1% if redeemed after 180 days but before 365 days of allotment.

Edelweiss Short Term Income: The revised exit load will be 0.50% if redeemed within 180 days from the date of allotment.

News Source - VALUE RESEARCH.

6.Edelweiss Absolute Return, Diversified Growth Equity Top 100, Select Midcap & Equity Enhancer Fund: Revision in Exit Load.

 Edelweiss Mutual Fund has revised the exit load structure of Edelweiss Absolute Return, Diversified Growth Equity Top 100, Select Midcap & Equity Enhancer Fund, with effect from April 2, 2012. The revised exit load for all schemes will be 2% if redeemed within 180 days of allotment, 1% if redeemed after 180 days but before 365 days of allotment.

News Source - VALUE RESEARCH.

Latest Indian Mutual Fund News | 31-Mar-2012
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