DIVIDEND

 

1.Religare MF Declares Dividend Under Its Schemes.

 

Religare Mutual Fund has announced 15 June 2012 as the record date for declaration of dividend on the face value of Rs 10 per unit under the following schemes. The quantum of dividend will be: Religare Active Income Fund-Plan A-Quarterly Dividend Option : Rs 0.2308 per unit for Individuals & HUFs and Rs 0.1978 per unit for Others.Religare Active Income Fund-Plan B-Quarterly Dividend Option : Rs 0.0573 per unit for Individuals & HUFs and Rs 0.0491 per unit for Others. Religare Medium Term Bond Fund-Quarterly Dividend Option : Rs 0.1690 per unit for Individuals & HUFs and Rs 0.1488 per unit for Others.

News Source – NAV INDIA.

 

GENERAL

 

2.No service tax on MF distributors from July 1.

 

Mutual fund agents and their sub-agents will not have to pay service tax from July 1 for distributing or marketing mutual funds. The Centre's move to provide service tax exemption to mutual fund distributors is being seen as booster dose for the mutual industry, which has been agitated over this levy. Mutual fund investors too will have cause for cheer as service tax is passed on to them. Distribution of mutual funds attract service tax, although the mutual fund houses in many cases absorb this tax to provide relief to their agents or distributors.

News Source – THE HINDU.

 

 

3.Quantum Mutual Fund adds 280 more drop-boxes to its kitty at convenient locations across the City.

 



As a part of its endeavor to provide enhanced accessibility for investors, Quantum Mutual Fund, India's first and only direct-to-investor mutual fund house has extended its reach by offering additional drop-boxes across Mumbai. 280 more drop-boxes are set up at several locations that will bring the fund closer to its investors. This facility will enable investors to drop-in the subscription application form, along with the cheques of subscription amount accompanied by the supporting documents (as prescribed in Scheme Information Document and Statement of Additional Information) in the drop-boxes conveniently. However, Investors must mention �Quantum Mutual Fund' on the envelope, in which investors are placing the form and the supporting documents. The documents submitted in these Drop-boxes will be sent to the nearest Official Point of Acceptance of Transaction (OPAT) of Quantum Mutual Fund.

News Source – INDIA INFOLINE.

 

NEW FUND LAUNCH

 

4.Reliance Fixed Horizon Fund – XXII – Series 12.

 

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXII – Series 12, a closed ended income scheme. The new issue will be open for subscription from 11th June, 2012 and will closes on 12th June, 2012.

News Source – AMFI INDIA.

 

 

5.UTI MF Launches UTI-Fixed Term Income Fund-Series XII-II (368 Days).

 

UTI Mutual Fund has launched a new fund named as UTI-Fixed Term Income Fund-Series XII-II (368 Days), a close ended income scheme. The duration of the scheme is 368 days from the date of allotment and will mature on 17 June 2013. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit. The new issue will be open for subscription from 11 June and will close on 14 June 2012.

News Source – NAV INDIA.

 

Latest Indian Mutual Fund News | 12-June-2012
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