DIVIDEND

1.Declaration Of Dividend Under Franklin Templeton MF India Dynamic PE Ratio Fund Of Funds.

Franklin Templeton Mutual Fund has declared July 20, 2012 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option of FT India Dynamic PE Ratio Fund of Funds. The quantum of dividend will be Rs 0.440 per unit for Individuals & HUF and Rs 0.377 per unit for others. The scheme recorded NAV of Rs 32.5757 per unit as on July 13, 2012. The investment objective of the scheme is to provide capital appreciation with relatively lower volatility through a dynamically balanced portfolio of equity and income funds.

News Source – INDIAN-COMMODITY.

 

 

2.UTI MF Declares Dividend For Fixed Maturity Plan – Yearly Series (YFMP 06/11).

 

UTI Mutual Fund has announced 23 July 2012 as the record date for declaration of dividend on the face value of Rs. 10 per unit under the dividend option of UTI-Fixed Maturity Plan-Yearly Series (YFMP06/11). The quantum of dividend will be 100% of distributable surplus as on record date. UTI – Fixed Maturity Plan – Yearly Series (YFMP 06-11) is a close ended umbrella income scheme which has the investment objective to seek regular returns by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the plan, thereby enabling the investors to nearly eliminate interest rate risk by remaining invested in the plan till the maturity / final redemption.

News Source – INDIAINFOLINE.

 

 

3.Religare Active Income Fund Announces Dividend.

 

Religare Mutual Fund has announced 23 July 2012 as the record date for declaration of dividend on the face value of Rs. 10 per unit under Religare Active Income Fund – Plan A – Discretionary Dividend Option. The quantum of dividend will be entire distributable surplus as on the record date. The scheme recorded NAV of Rs. 10.0926 per unit as on 16 July 2012. Religare Active Income Fund is an open ended income scheme. The investment objective of the scheme is to generate optimal returns while maintaining liquidity through active management of the portfolio by investing in debt and money market instruments. As the portfolio of the scheme will be actively managed, the scheme may have a high turnover in order to achieve the investment objective.

News Source – INDIAINFOLINE.

 

 

4.LIC Nomura MF Fixed Maturity Plan – Series 51 Announces Maturity / Final Redemption Date.

 

LIC Nomura Mutual Fund has fixed 24 July 2012 as the record date for the purpose of determining the eligible unit holders/beneficial owners holding units (in demat form) of LIC Nomura MF Fixed Maturity Plan – Series 51, a close-ended income scheme, who would be entitled to the maturity/redemption proceeds on the maturity/final redemption date. The maturity/final redemption date of LIC Nomura MF Fixed Maturity Plan – Series 51 is on 24 July 2012. The trading of the units of the scheme, which are listed on the Capital Market Segment of NSE will automatically get suspended and no off-market transactions shall be permitted by the depositories (NSDL/CDSL) with effect from 23 July 2012.

News Source – INDIAINFOLINE.

 

GENERAL



 

5.SEBI panel for raising MF's administrative, other expenses.

 

The SEBI Mutual Fund Advisory Committee is understood to have accepted the demand of the MF industry, including hiking expense ratio, at their meeting today. The mutual fund industry has been demanding hiking expense ratio – the percentage of an investor's money that is deducted by the fund house annually to meet its expenses- by 0.25% to 2.5%, sources said. Besides, the industry had also pitched for fungibility, which refers to doing away with the sub-ceilings within the expense ratio for asset management companies (AMCs), they added. At present, of the total expense ratio of 2.25% charged by fund houses, one per cent is charged as asset management fees. The rest is used to meet custodian charges, advertising and marketing costs and other operating expenses. Earlier this month, the MF industry had discussed their demands with the officials of Finance Ministry. At the meeting, the industry had also demanded shifting of the 12% service tax burden on consumers. Last month, Prime Minister Manmohan Singh, who also holds the finance portfolio, has said that mutual fund industry was facing problems and something was needed to be done to resolve their issues.

News Source – MONEYCONTROL.

 

 

6.SEBI MF Advisory committee says no to entry load; moots AMFI as SRO.

 

The mutual fund advisory committee today in its meeting with SEBI suggested that AMFI could become an SRO to regulate distributors. For liquid funds, the committee recommended that the NAV should be allotted based on realization of funds for investments below one crore. Investors were splitting applications to get the same day's NAV if they wanted to invest one crore. It has asked SEBI to take strict action against this practice. It has also suggested SEBI to make portfolio disclosures mandatory on a monthly basis instead of every six months.

 

DIVIDEND

 

1.Declaration Of Dividend Under Religare MF FMP Series VIII Plan B (13 Months).



Religare Mutual Fund has declared July 20, 2012 as the record date for declaration of dividend in the dividend option of Religare Fixed Maturity Plan-Series VIII-Plan B (13 Months), a close-ended debt scheme. The quantum of dividend will be entire distributable surplus as on the record date. The scheme recorded NAV of Rs 11.0670 per unit as on July 13, 2012.The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

News Source – INDIAN-COMMODITY.

 

GENERAL

 

2.Peerless MF to Revise Exit Load Structure under Peerless Short Term Fund.

 

Peerless Mutual Fund has decided to revise the exit load structure of Peerless Short Term Fund. The changes will be effective from 23 July 2012. Accordingly, the exit load charge will be 1% for 9 months. The objective of the fund is to generate income and capital appreciation by investing in both debt and money market securities.

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 19-July-2012
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