1.Declaration of dividend under Reliance MF Interval Fund – Quarterly Interval Fund Series II.
Reliance Mutual Fund declared 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 is August 7, 2012. The quantum of dividend will be Rs 0.2060 per unit for retail plan and Rs 0.2152 per unit for institutional plan. The NAV for retail and institutional plan stood at Rs 10.2450 per unit and Rs 10.2554 per unit respectively as on July 31, 2012.
News Source – INDIAN-COMMODITY.
India focused offshore funds & ETFs registered an outflow of $1.1 billion during the quarter ended June, after a healthy inflow of $798 million during the quarter ended March, according to Morningstar. The sharp depreciation in the rupee, coupled with macroeconomic concerns of a slowdown and ballooning deficit, weighed on sentiments and resulted in outflows during the quarter. Assets of all India focused offshore India funds & ETFs fell by about 12% to $33 billion during the quarter ended June.
News Source – INDIAINFOLINE.