DIVIDEND

1.Religare MF declares dividend under 'Religare Short Term Plan'.

 

Religare Mutual Fund has declared a dividend of 0.1644 per cent under weekly dividend payout option scheme named as 'Religare Short Term Plan – Plan B', on the face value of Rs 10 per unit. The record date for the dividend was August 6, 2012. The NAV of scheme as on August 6, 2012 was at Rs 10.1738. The investment objective of 'Religare Short Term Plan – Plan B', an open ended debt short-term scheme, was to generate steady returns with a moderate risk for investors by investing in a portfolio of short-medium term debt and money market instruments.

News Source – SHAREKHAN.

 

 

2.Peerless MF declares dividend under 'Peerless Ultra Short Term'.

 

Peerless Mutual Fund has declared a dividend of 0.1444 per cent under monthly dividend payout option scheme named as 'Peerless Ultra Short Term Fund', on the face value of Rs 10 per unit. The record date for the dividend was August 6, 2012. The NAV of scheme as on August 6, 2012 was at Rs 10.0689. The investment objective of 'Peerless Ultra Short Term Fund', an open ended debt short-term scheme, was to provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

News Source – SHAREKHAN.

 

 

3.Peerless MF announces dividend under 'Peerless Ultra Short Term'.

 

Peerless Mutual Fund has announced a dividend of 0.1700 per cent under monthly dividend payout option scheme named as 'Peerless Ultra Short Term Fund – Super Institutional Plan', on the face value of Rs 10 per unit. The record date for the dividend was August 6, 2012. The NAV of scheme as on August 6, 2012 was at Rs 10.087. The investment objective of 'Peerless Ultra Short Term Fund – Super Institutional Plan', an open ended debt short-term scheme, was to provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

News Source – SHAREKHAN.

 

GENERAL

 

4.Canara Robeco MF facilitates MFSS of NSE for various funds.

 

Canara Robeco Mutual fund has facilitated Mutual Fund Service System (MFSS) platform of NSE under various schemes with effect from August 07, 2012. Below is the list of eligible schemes:
Canara Robeco F.O.R.C.E Fund, (Retail Plan & Institution Plan), Canara Robeco Balance, Canara Robeco Large Cap+ Fund, Canara Robeco NIFTY Index, Canara Robeco Infrastructure, Canara Robeco Equity Tax Saver, Canara Robeco Gold Savings Fund, Canara Robeco Emerging Equities, Canara Robeco Equity Diversi?ed, Canara Robeco InDiGo Fund, Canara Robeco Monthly Income Plan, Canara Robeco Yield Advantage Fund.



News Source – MONEY CONTROL.

 

NEW FUND OFFER

 

5.DWS Interval Fund – Annual Plan Series 1 to 3 files offer document with Sebi.

 

Deutsche Mutual Fund has filed offer document with Sebi to launch DWS Interval Fund – Annual Plan Series 1 to 3, a debt interval scheme. The interval period will be 370 days. The New Fund Offer price is Rs. 10 per unit. The objective of the Scheme is to generate income by investing in debt and money market instruments maturing on or before the beginning of the immediately following Specified Transaction period of the scheme. Growth and Dividend (Regular, Monthly, Quarterly and Annual Payout) options are available. There are no entry or exit loads.

News Source – INDIAINFOLINE.

 

GENERAL

 

6.SEBI approves AMFI's mutual fund trading platform.

 

The capital market regulator Securities Exchange Board of India (SEBI) has approved the proposal for the launch of AMFI's mutual fund trading platform. This approval comes close on heels of the new Finance Minister's statement to unveil a slew of measures in next few weeks to attract more investments in mutual funds, insurance policies and other well-designed instruments. This trading platform provides investors with a common account number (CAN) so that investors can invest across schemes and a web portal that will allow investors to purchase and redeem units across asset management companies (AMC). The MF utility will be a single cheque payment system and common account statement for all the schemes that investors have invested in across AMC's, unlike the present system where investors need to have separate cheques for making investments in different scheme. The trading platform, which is expected to be launched in the first half of 2013, will provide all the details right from transaction to account statement and other required information at one go.

News Source – INDIAN-COMMODITY.

 

 

7.EPFO allowed to invest in CDs, CBLO.

 

The Central Board of Trustees-EPFO's (Employees' Provident Fund Organization) apex decision making body-on Tuesday has decided to increase investments in certificates of deposits (CDs) of public sector banks and in term deposits with maturities ranging from one and five years. The Trustees also allowed EPFO to borrow from the collateral borrowing and lending obligations (CBLO) market, approved by the Reserve Bank of India. Until now, EPFO could invest only in fixed deposits with a tenure of less than a year. It was not allowed to invest in CDs or borrow from CBLO.

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 09-Aug-2012
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