DIVIDEND

1.Declaration of dividend under Reliance MF Fixed Horizon Fund – XX Series – 23.

 

Reliance Mutual Fund declared dividend on the face value of Rs 10 per unit under dividend payout option of Reliance Fixed Horizon Fund – XX Series – 23. The record date for dividend is August 6, 2012. The quantum of dividend will be entire distributable surplus available in the scheme as on the record date. The scheme recorded NAV of Rs 10.9477 per unit as on July 30, 2012.

News Source – INDIAN-COMMODITY.

 

 

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

 

UTI Mutual Fund has announced 8 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 – Monthly Interval Plan II. The quantum of dividend will be 100% of distributable surplus as on record date. The NAV under retail option of the scheme stood Rs. 10.0538 per unit and Rs. 10.0574 per unit for institutional option as on 1 August 2012.

News Source – INDIAINFOLINE.

 

 

3.Reliance MF Declares Dividend For Reliance Interval Fund – Quarterly Interval Fund – Series II.

 

Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs. 10 per unit under dividend option in retail and institutional plan of Reliance Interval Fund – Quarterly Interval Fund Series II. The record date for dividend has been fixed as 8 August 2012. The quantum of dividend will be Rs. 0.0001 per unit for retail and institutional plan. The NAV for retail and institutional plan stood at Rs. 10.2473 per unit and Rs. 10.2578 per unit respectively as on 1 August 2012.

News Source – INDIAINFOLINE.

 

 

4.Declaration of dividend under Deutsche MF DWS Fixed Term Fund-Series 87.

 

Deutsche Mutual Fund declared dividend on the face value of Rs 10 per unit under the dividend option of DWS Fixed Term Fund-Series 87. The record date for dividend is August 6, 2012. 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 July 30, 2012.

News Source – INDIAN-COMMODITY.

 

 



5.Declaration of dividend under Axis MF Long Term Equity Fund.

 

Axis Mutual Fund declared dividend on the face value of Rs 10 per unit under the dividend option of Axis Long Term Equity Fund, an open ended equity linked savings scheme. The record date for dividend is August 7, 2012. The quantum of dividend will be Rs 0.80 per unit as on the record date. The scheme recorded NAV of Rs 11.7591 per unit as on 31 ,July 2012.

News Source – INDIAN-COMMODITY.

 

GENERAL

 

6.DSP BlackRock MF Announces Maturity Proceedings of DSP BlackRock FMP – Series 49 – 3M.

 

DSP BlackRock Mutual Fund has fixed 9 August 2012 as the record date for the purpose of determining the eligible unitholders/beneficial owners holding units (in demat form) of DSP BlackRock FMP – Series 49 – 3M, a closed-ended income scheme, who would be entitled to the maturity/redemption proceeds on the maturity/final redemption date. The maturity/final redemption date of DSP BlackRock FMP – Series 49 – 3M is on 13 August 2012. The trading of the units of the scheme, which are listed on the Capital Market Segment of BSE will get suspended and no off-market transactions shall be permitted by the depositories (NSDL/CDSL) with effect from 8 August 2012.

News Source – INDIAINFOLINE.

 

NEW FUND LAUNCH

 

7.Reliance MF introduces Reliance Fixed Horizon Fund – XXII – Series 20.

 

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund – XXII – Series 20, a close ended income scheme. The NFO opens for subscription on August 3, 2012 and closes on August 6, 2012. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000 and multiples of Rs. 1 thereafter.

News Source – INDIAN-COMMODITY.

 

 

8.Reliance MF Floats Reliance Fixed Horizon Fund – XXII – Series 21.

 

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXII – Series 21, a close ended income scheme with the duration of 739 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs. 10 per unit. The new issue will be open for subscription from 10 August and will close on 16 August 2012. The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. The scheme offers two options viz. growth and dividend payout option. The Fund will allocate 40% to 100% of assets in Money Market Instruments with low risk profile. On the other side it would allocate upto 60% of assets in Government Securities & debt instruments with low to medium risk profile. 40% to 45% of net assets would be invested in AAA/A1+ rated non convertible debentures / bonds and 55% to 60% of net assets would be invested in AA rated non convertible debentures / bonds. The minimum application amount is Rs. 5000 and in multiples of Rs. 1 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs. 20 crore under the scheme during the NFO period. Entry and exit load charge will be nil for the scheme.

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 04-Aug-2012
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