DIVIDEND

1.UTI Fixed Term Income Fund – Series X – IV Announces Dividend.

 

UTI Mutual Fund has announced 31 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 Term Income Fund – Series X – IV (369 days). The quantum of dividend will be 100% of distributable surplus as on record date. The NAV under retail option of the scheme stood Rs. 10.0725 per unit as on 24 July 2012.

News Source – INDIAINFOLINE.

 

 

2.LIC Nomura MF Announces Dividend For LIC Nomura MF Fixed Maturity Plan – Series 48.

 

LIC Nomura Mutual Fund has announced 31 July 2012 as the record date for declaration of dividend on the face value of Rs. 10 per unit under the dividend option of LIC Nomura MF Fixed Maturity Plan – Series 48. The quantum of dividend will be entire distributable surplus as on the record date. The scheme recorded NAV of Rs. 10.9433 per unit as on 20 July 2012.

News Source – INDIAINFOLINE.

 

GENERAL

 

3.Pramerica MF to revise exit load of Dynamic Bond Fund.

 



Pramerica Mutual Fund has decided to revise the exit load of Pramerica Dynamic Bond Fund with effect from August 1, 2012. The revised exit load charge will be 1.25% if redeemed / switched out on or before 365 days from the date of allotment. If redeemed / switched out after 365 days from the date of allotment, the exit load will be Nil. Pramerica Dynamic Bond Fund is an open ended income scheme and the objective is to generate optimal returns through active management of a portfolio of debt and money market instruments.

News Source – MONEYCONTROL.

 

 

4.Peerless MF to increase customer base to 2 lakh in 3 yrs.

 

To increase its penetration in rural areas, Peerless Mutual Fund is planning to widen its vernacular reach, Akshay Gupta, MD & CEO, Peerless Mutual Fund, said. The fund house is planning to design banners and application forms in languages such as Telugu, Tamil and Gujarati. Investors can also reach out to call centers and communicate in these languages for buying the products of the fund house, Mr Gupta said. At present, Peerless Mutual Fund's marketing and communication is generally done in Hindi, English, Malayalam and Bengali. Of the 35 branches of this mutual fund house, 18 are in tier-III and tier-IV cities. 'We are focused on these cities as expenses are also low for us,' Mr Gupta added.

News Source – INDIAINFOLINE.

 

MERGER OF SCHEMES

 

5.UTI MF Announces Merger of UTI G-Sec Fund with UTI Gilt Advantage Fund.

 

UTI Mutual Fund has approved the merger of UTI G-Sec Fund-Investment Plan with UTI Gilt Advantage Fund – LTP. The merger will be effective from 30 August 2012. The Notice period of this exit option shall commence from 1 August 2012 and conclude on 30 August 2012.

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 27-July-2012
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