DIVIDEND

1.Reliance MF Declares Dividend Under Its Schemes.

Reliance Mutual Fund has announced 19 June 2012 as the record date for declaration of dividend under the quarterly dividend option of following schemes. The face value of all the schemes is Rs 10 per unit except Reliance Money Manager Fund – Retail Plan which is Rs 1,000 per unit. The quantum of dividend will be: 

Reliance Short Term Fund: Rs 0.2994 per unit. Reliance Money Manager Fund – Retail Plan: Rs 26.5954 per unit. Reliance Income Fund – Quarterly Dividend Option: Rs 0.3616 per unit. Reliance Floating Rate Fund – Short Term Plan – Dividend Plan : Rs 0.2674 per unit. Reliance Liquid Fund : Rs 0.2916 per unit for Treasury Plan and Rs 0.2497 per unit for Cash Plan.

News Source – NAVINDIA.

 

GENERAL

 

2.NSE, India Post launch financial literacy initiative 'Jagruti' in Patiala.

 

The National Stock Exchange (NSE) and the head post office of Patiala have started a financial literacy initiative in Patiala, Punjab. The alliance is part of a larger partnership with India Post to take the equity cult to the small towns and cities of India. These include Midnapore, Bhagalpur, Pushkar, Ajmer, Hardwar, Muzzafarnagar, Bilaspur, Vidisha and Bharuch. NSE is putting up large sized screens at more than 50 post offices in the country, including the one at Patiala. The messages on the screens are aimed to increase awareness among people on safe investing and investor friendly products. Joint Managing Director of NSE, Chitra Ramkrishna said, "We have constantly been trying to reach out to the tier-II and tier-III cities to bring more people into the formal financial system." The screen will carry information on the prices of Nifty stocks and NSE indices. It will also convey information on products like gold exchange traded funds (ETFs), a cost-effective and transparent option to buy gold and Nifty ETFs, apart from giving advice on the do's and don'ts of trading. It will also carry information on products of India Post like online money transfers, electronic money orders, speed post, savings certificates, postal life insurance and logistics solutions for corporates. NSE has a tie up with 95 colleges in India to conduct short duration courses on the capital markets. More than two lakh school students have learnt the basics of money management and financial markets, through courses run by NSE. NSE also has a tie up with three prominent universities for MBA and BBA (Bachelors in Business Administration) courses in financial markets. These include the Punjabi University in Patiala, Guru Gobind Singh Indraprastha University at Delhi and the Maharshi Dayanand University in Rohtak. The first batch of students started the courses at the Punjabi University in July 2011.

News Source – INDIA INFOLINE.

 

NEW FUND LAUNCH

 

3.Deutsche MF Unveils DWS Hybrid Fixed Term Fund – Series 7.

 

Deutsche Mutual Fund has unveiled a new fund named as DWS Hybrid Fixed Term Fund – Series 7, 39 months close ended debt fund. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription from 13 June and closes on 27 June 2012.

News Source – INDIA INFOLINE.

 



DIVIDEND

 

4.Baroda Pioneer MF Declares Dividend Under 90 Day Fixed Maturity Plan – Series 6.

 

Baroda Pioneer Mutual Fund has announced 18 June 2012 as the record date for the declaration of dividend on the face value of Rs 10 per unit in Baroda Pioneer 90 Day Fixed Maturity Plan – Series 6. The quantum of dividend will be Rs 0.261672582 per unit as on the record date. The scheme recorded NAV of Rs 10.2627 per unit as on 11 June 2012.

News Source – NAVINDIA.

 

 

5.JM Interval Fund – Quarterly Plan 1 Announces Dividend.

 

JM Financial Mutual Fund has announced 18 June 2012 as the record date for the declaration of dividend on the face value of Rs 10 per unit under the dividend option of JM Interval Fund – Quarterly Plan 1 (JM QIF-1) – Retail & Institutional Plan. The quantum of dividend will be upto realised appreciation in the NAV of the plan / option till the record date. The scheme recorded NAV of Rs 10.2150 per unit for Retail Plan and Rs 10.2210 per unit for institutional plan as on 12 June 2012.

News Source – NAVINDIA.

 

NEW FUND LAUNCH

 

6.Religare Fixed Maturity Plan – Series XV – Plan D (181 Days).

 

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan – Series XV – Plan D (181 Days), a closed ended income scheme. The new issue will be open for subscription from 14th June, 2012 and closes on 19th June, 2012.

News Source – AMFI INDIA.

Latest Indian Mutual Fund News | 15-June-2012
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