DIVIDEND

1.Deutsche MF declares dividend under 'DWS Money plus Fund'.

 

Deutsche Mutual Fund has declared a dividend of 0.1494 per cent under weekly dividend payout option scheme named as 'DWS Money plus Fund', on the face value of Rs 10 per unit. The record date for the dividend was August 3, 2012. The NAV of scheme as on August 3, 2012 was at Rs 10.1739.

News Source – SHAREKHAN.

 

 

2.Deutsche MF announces dividend under 'DWS Short Maturity Fund'.

 

Deutsche Mutual Fund has announced a dividend of 0.2131 per cent under monthly dividend payout option scheme named as 'DWS Short Maturity Fund – Premium Plus Plan', on the face value of Rs 10 per unit. The record date for the dividend was August 3, 2012. The NAV of scheme as on August 3, 2012 was at Rs 10.3119.

News Source – SHAREKHAN.

 

GENERAL

 

3.Steps to attract retail investors to MFs soon: FM.

 

The government will unveil a slew of measures in the next few weeks to attract more people to invest in mutual funds, insurance policies and others, Finance Minister P Chidambaram said today. 'In the next few weeks, we will announce a number of decisions to attract more people to invest in mutual funds, insurance policies and other well-designed instruments,' Chidambaram, who took over the reins of Finance Ministry last week for the second time in UPA government, said in a statement.



News Source – ECONOMIC TIMES.

 

DIVIDEND

 

4.Declaration of dividend under UTI MF Fixed Income Interval Fund.

 

UTI Mutual Fund declared 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 record date for dividend is August 8, 2012. 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 August 1, 2012.

News Source – INDIAN-COMMODITY.

 

GENERAL

 

5.Franklin Templeton MF To Revise Fundamental Attributes Under FT India Balanced Fund.

 

Franklin Templeton Mutual Fund has announced the revision of fundamental attributes for FT India Balanced Fund. The changes will be effective from 10 September 2012. The investment objective of the scheme is to provide long term growth of capital and current income by investing in equity and equity related securities and fixed income instruments. The scheme would allocate 50% to 75% in equity and equity related securities and 25% to 50% in fixed income & money market instruments. Unitholders will have the option to exit the scheme, without payment of any exit load from 9 August 2012 till 7 September 2012.

News Source – NAV-INDIA.

Latest Indian Mutual Fund News | 08-Aug-2012
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