DIVIDEND

1.Canara Robeco MF announces dividend under 'Canara Robeco Short Term Fund'.

 

Canara Robeco Mutual Fund has announced a dividend of 0.2211 per cent under weekly dividend payout option scheme named as 'Canara Robeco Short Term Fund', on the face value of Rs 10 per unit. The record date for the dividend was August 7, 2012. The NAV of scheme as on August 8, 2012 was at Rs 10.12. The investment objective of 'Canara Robeco Short Term Fund', an open ended debt short-term scheme, was to generate income from a portfolio constituted of short to medium term debt and money market securities.

News Source – REDIFF MONEY.

 

 

2.Canara Robeco MF announces dividend under 'Canara Robeco Floating Rate Fund – Short Term'.

 

Canara Robeco Mutual Fund has announced a dividend of 0.1621 per cent under monthly dividend payout option scheme named as 'Canara Robeco Floating Rate Fund – Short Term', on the face value of Rs 10 per unit. The record date for the dividend was August 7, 2012. The NAV of scheme as on August 8, 2012 was at Rs 10.2959. The investment objective of 'Canara Robeco Floating Rate Fund – Short Term', an open ended debt short-term scheme, was to generate income by investing in a portfolio comprising of short term debt instruments and money market instruments with weighted average portfolio duration of equal to or less than 1 year.

News Source – REDIFF MONEY.

 

 

3.Axis MF declares dividend under 'Axis Long Term Equity Fund'.

 

Axis Mutual Fund has declared a dividend of 8.0000 per cent under dividend payout option scheme named as 'Axis Long Term Equity Fund', on the face value of Rs 10 per unit. The record date for the dividend was August 7, 2012. The NAV of scheme as on August 8, 2012 was at Rs 11.3041. The investment objective of 'Axis Long Term Equity Fund', an open ended Equity-ELSS scheme, was to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities.

News Source – REDIFF MONEY.

 

 

4.Mirae Asset MF declares dividend under 'Mirae Asset Short Term Bond Fund'.

 

Mirae Asset Mutual Fund has declared a dividend of 0.1039 per cent under weekly dividend payout option scheme named as 'Mirae Asset Short Term Bond Fund', on the face value of Rs 10 per unit. The record date for the dividend was August 8, 2012. The NAV of scheme as on August 8, 2012 was at Rs 10.1236. The investment objective of Mirae Asset Short Term Bond Fund, an open ended debt short-term scheme, was to generate returns through an actively managed diversified portfolio of debt and money market instruments.

News Source – REDIFF MONEY.

 

GENERAL

 



5.Reliance MF launches mobile platform.

 

Reliance Capital Asset Management (RCAM), in partnership with HSBC, has announced the launch of a mobile-based investment initiative that allows investments in mutual funds using mobile phones. RCAM will provide the Interbank Mobile Payment Service (IMPS) platform to investors for making investments in mutual funds. IMPS is a payments platform that allows customers to use mobile technology for accessing their bank accounts and initiating inter-bank fund transactions. The transactions are done through IMPS enabled banks. IMPS offers two modes of payment – person to person transfer and person to business and merchant transfer and offers instant transaction confirmation to the investor through SMS. Investors are required to register themselves with their respective banks for mobile banking services, get mobile money identifier and mobile pin from the banks.

News Source – THE HINDU – BUSINESS LINE.

 

 

DIVIDEND

 

6.Declaration of dividend under LIC Nomura MF Balanced Fund.

 

LIC Nomura Mutual Fund declared dividend on the face value of Rs 10 per unit under the dividend option of LIC Nomura MF Balanced Fund. The record date for dividend is August 14, 2012. The quantum of dividend will be Rs 0.20 per unit as on the record date. The scheme recorded NAV of Rs 10.7679 per unit as on August 3, 2012.

News Source – INDIAN-COMMODITY.

 

GENERAL

 

7.Fundsupermart.com launches Android application.

 

Online mutual fund distributor Fundsupermart.com has launched an android application called FSM Mobile for the Android Smartphone platform. It is free not only to all the clients of Fundsupermart.com, but also for anyone who wishes to download the app on his phone. 'Our objective is to make investing in mutual funds hassle free and simple by leveraging our online platform,' says Rajesh Krishnamoorthy, Managing Director,fundsupermart.com. FSM Mobile gives them access to webcasts, news and research articles, graphical content, data on net asset values (NAVs) and latest fund performance enabling them to track the funds they want to keep tab on. This also gives them access to 'Idea of the Week', where the Fundsupermart.com team provides fresh investment ideas on a weekly basis. It will help Investors do their own research before taking a decision. Fundsupermart.com offers an online platform for independent financial advisors (IFAs) as well as retail customers to invest in mutual funds.

News Source – INDIAINFOLINE.

 

NEW FUND LAUNCH

 

8.Reliance MF introduces Reliance Fixed Horizon Fund – XXII – Series 17.

 

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund – XXII – Series 17, a close ended income scheme. The NFO opens for subscription on August 10, 2012 and closes on August 16, 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.

Latest Indian Mutual Fund News | 11-Aug-2012
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