Latest Indian Mutual Fund News | 24-Apr-2012

DIVIDEND

1.UTI-Fixed Term Income Fund- Series IX – III (367 Days) announces dividend.

UTI Mutual Fund has announced 26 April 2012 as the record date for declaration of dividend under UTI-Fixed Term Income Fund- Series IX – III (367 Days). The quantum of dividend per unit on the face value of Rs. 10 per unit will be 100% of distributable surplus as on the record date.

News Source - INDIA INFOLINE.

2.Tata Ethical Fund announces dividend.

Tata Mutual Fund has announced 26 April 2012 as the record date for declaration of dividend under the dividend option of Tata Ethical Fund. The rate of dividend per unit on the face value of Rs. 10 per unit will be Rs. 2 per unit.

News Source - INDIA INFOLINE.

3.Tata Fixed Income Portfolio Fund-Scheme C2 announces dividend.

Tata Mutual Fund has announced 26 April 2012 as the record date for declaration of dividend under the Half Yearly Dividend option of Tata Fixed Income Portfolio Fund-Scheme C2-Regular Investment Plan and Institutional Plan. The rate of dividend per unit on the face value of Rs 10 per unit under each plan will be entire returns generated between 26 March 2012 and 26 April 2012. 

News Source - NAV INDIA.

NEW FUND LAUNCH

4.LIC Nomura MF Launches 90 Days Fixed Maturity Plan.

LIC Nomura Mutual Fund has launched a new fund named as LIC Nomura MF Fixed Maturity Plan – Series 51, a close ended income scheme with the duration of 90 days. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription from 23 April and close on 25 April 2012. The units of the scheme will be listed on National Stock Exchange of India, in order to provide liquidity. 

News Source - INDIA INFOLINE.



DIVIDEND

5.Edelweiss Absolute Return Fund announces dividend.

Edelweiss Mutual Fund has announced 27 April 2012 as the record date for declaration of dividend under the dividend option of Edelweiss Absolute Return Fund. The quantum of dividend on the face value of Rs. 10 per unit will be Rs. 0.18 per unit. 

Edelweiss Mutual Fund announces change in the exit load structure of Edelweiss Equity Enhancer Fund, an open-ended scheme, with effect from 23 April 2012. The revised exit load will be nil. The revised exit load as mentioned hereinabove shall be applicable on a prospective basis in respect of subscriptions in the Scheme on and after the effective date.

News Source - INDIA INFOLINE.

GENERAL

6.Reliance Fixed Horizon Fund XXI – Series 26 announces extension of New Fund Offering.

Reliance Mutual Fund (RMF) has decided to extend the closing date of New Fund Offer (NFO) of Reliance Fixed Horizon Fund XXI – Series 26, a close ended Income Scheme. The revised closing date of NFO will be 30 April 2012 instead of 25 April 2012. 

Reliance Mutual Fund has announced revision of exit load structure in Reliance Floating Rate Fund – Short Term Plan with effect from 2 May 2012. The revised exit load will be 0.50%, if units are redeemed within 6 months from the date of allotment and nil, thereafter.

News Source - INDIA INFOLINE.
7.Edelweiss Diversified Growth Equity Top 100: Change in Minimum Investment Amount.

Edelweiss Mutual Fund has revised the minimum investment amount under Plan B & Plan C of Edelweiss Diversified Growth Equity Top 100, with effect from April 23, 2012. The revised minimum investment amount will be Rs.5000 for Plan B & C. The existing minimum investment amount is Rs. 1 lakh for Plan B and and Rs 10 lakh for Plan C.

News Source - VALUE RESEARCH.






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