small; color: rgb(0, 0, 0); “>DIVIDEND

1.DWS Fixed Term Fund – Series 87 Announces Dividend.

 



Deutsche Mutual Fund has announced 6 August 2012 as the record date for declaration of dividend on the face value of Rs. 10 per unit under the dividend option of DWS Fixed Term Fund-Series 87. The quantum of dividend will be entire distributable surplus as on the record date. The scheme recorded NAV of Rs. 10.5569 per unit as on 30 July 2012. Further, 6 August 2012 has been fixed as the record date for the purpose of determining the eligible unit holders of the scheme who would be entitled to the maturity/redemption proceeds on the maturity date of the scheme. The trading of these units which are listed on the NSE will be automatically suspended with effect from 3 August 2012.

News Source – INDIAINFOLINE.

 

 

2.UTI MF Declares Dividend For Fixed Income Interval Fund.

 

UTI Mutual Fund has announced 6 August 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 Income Interval Fund – Series II – Quarterly Interval Plan V. The quantum of dividend will be 100% of distributable surplus as on record date. The NAV under retail option of the scheme stood Rs. 10.0865 per unit and Rs. 10.0877 per unit for institutional option as on 30 July 2012. The investment objective of the scheme is to generate regular income by investing in debt / money market instruments and government securities having suitable maturity.

READ  Latest Indian Mutual Fund News | 05-May-2012

News Source – INDIAINFOLINE.

 

GENERAL

 

3.MF Utility gets SEBI blessings, set for Apr 13 launch.

 

AMFI's MF Utility project has received SEBI's blessings. AMFI has satisfactorily resolved some of the procedural and legal issues that needed SEBI's nod. The stage is now set for award of the technology contract in Aug 12 and launch of the much awaited platform by April 2013.

News Source – WEALTHFORUMEZINE.

 

 

4.BOI AXA Focused Infra Fund revises Benchmark index.

 

BOI AXA Mutual Fund has announced revision of Benchmark Index under open ended fund – BOI AXA Focused Infrastructure Fund from BSE 100 Index to CNX Infrastructure effective August 1, 2012. The investment objective of the scheme is to generate long term capital appreciation through a portfolio of predominantly equity and equity related -securities of companies engaged in infrastructure and infrastructure related sectors.

News Source – MONEYCONTROL.

 

 

5.Reliance MF To Revise Fundamental Attributes Under Reliance Banking Fund.

 

Reliance Mutual Fund has announced the revision of fundamental attributes for Reliance Banking Fund, an open ended banking sector scheme. The changes will be effective from 5 September 2012. The scheme would allocate 80% to 100% in equity and equity related instruments, 80% to 100% in companies defined in the Banking Regulation Act, 1949 & Reserve Bank of India Act, 1934 as amended from time to time, 0% to 20% in financial services companies which provides non banking financial services like housing finance, stock broking, wealth management, insurance companies and holding companies of insurance companies with medium to high risk profile and 0% to 20% in debt instruments & money market instruments with low to medium risk profile. The total recurring expenses for retail and institutional plan will be 2.50% of net assets. Unitholders will have the option to exit the scheme, without payment of any exit load from 6 August 2012 till 4 September 2012.

READ  Franklin Templeton Mutual Fund India Feeder NFO

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 02-Aug-2012
Rate this post
https://images.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://images.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegAdminMutual Fundsbanking,date,dividend option,DWS,equity,income,INDIAINFOLINE,Infrastructure,infrastructure fund,Interval,Interval Fund,maturity,Mutual,mutual fund,News,record date,Reliance Banking Fund,scheme,SebiDIVIDEND 1.DWS Fixed Term Fund - Series 87 Announces Dividend.   Deutsche Mutual Fund has announced 6 August 2012 as the record date for declaration of dividend on the face value of Rs. 10 per unit under the dividend option of DWS Fixed Term Fund-Series 87. The quantum of dividend will be...Tutorials to Educate Investors