DIVIDEND

1.LIC Nomura MF Interval Fund-Quarterly Plan-Series 1 announces dividend.

LIC Nomura Mutual Fund has announced 7 May 2012 as the record date for declaration of dividend under the dividend option of LIC Nomura MF Interval Fund-Quarterly Plan-Series 1. The quantum of dividend will be entire distributable surplus as on record date on the face value of Rs 10 per unit.

News Source - NAV INDIA.

2.Reliance Mutual Fund announces dividend under various schemes.

Reliance Mutual Fund has announced 7 May 2012 as the record date for declaration of dividend under the dividend payout options of Reliance Fixed Horizon Fund – XIV – Series 10, Reliance Fixed Horizon Fund – XVII – Series 7 and Reliance Fixed Horizon Fund – XXI – Series 7 and dividend options of Reliance Interval Fund – Quarterly Interval Fund Series II – Retail Plan and Reliance Interval Fund – Quarterly Interval Fund Series II – Institutional Plan. The quantum of dividend on the face value of Rs 10 per unit will be:

Reliance Fixed Horizon Fund – XIV – Series 10, Reliance Fixed Horizon Fund – XVII – Series 7 and Reliance Fixed Horizon Fund – XXI – Series 7: Entire distributable surplus available in the scheme as on record date under each scheme.

News Source - NAV INDIA.

GENERAL

3.Principal Bank CD Fund announces modification in asset allocation pattern.

Principal Mutual Fund has announced modification in asset allocation pattern of Principal Bank CD Fund, an open ended debt scheme. Accordingly, the scheme shall invest up to 90% in Bank CDs with medium to high risk profile, up to 90% in repo, CBLO, units of money market/liquid funds with low to medium risk profile and 10%-20% in debt instruments with medium to high risk profile.

Such change to the feature of the scheme, as detailed herein shall be effective the business day immediately following 1 June 2012 (effective date).



News Source - INDIA INFOLINE.

NEW FUND LAUNCH

4.Taurus Mutual Fund launches Taurus Banking & Financial Services Fund.

Taurus Mutual Fund announced the launch of their new fund offer Taurus Banking & Financial Services Fund, which is An Open-Ended Equity Thematic Scheme. The scheme will remain open for 14 days between May 2-16, 2012 during the NFO period. The primary objective of the Scheme would be to generate capital appreciation through a portfolio that invests predominantly in equity and equity related instruments of Banking, Financial and Non Banking Financial Companies that form part of the BFSI Sector.

The scheme would invest a minimum of 80% going up to a maximum of 100% in Equity & Equity Related Instruments of companies belonging to Banking & Financial Services Sector, whereas investment in Debt & Money Market Instruments would not exceed 20% of the portfolio at any given point of time. The minimum application amount is Rs 5000 and in multiple of Re 1 thereof.

News Source - MYIRIS.

5.Reliance Dual Advantage Fixed Tenure Fund – II – Plan G Floats On.

Reliance Mutual Fund has unveiled a new fund named as Reliance Dual Advantage Fixed Tenure Fund – II – Plan G, a close ended hybrid scheme with the duration of 5 years from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription from 11 May and close on 25 May 2012.

The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure.

News Source - INDIA INFOLINE.

Latest Indian Mutual Fund News | 03-May-2012
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