DIVIDEND

1.Declaration of dividend under Tata MF Gilt Short Maturity Fund-Regular Income Option.

Tata Mutual Fund has declared dividend on the face value of Rs 10 per unit under the dividend option of Tata Gilt Short Maturity Fund-Regular Income Option. The record date for dividend is September 18, 2012. The gross rate of dividend will be Rs 0.1890 per unit on face value of Rs 10 each.

News Source – INDIAN-COMMODITY.

 

2.Declaration of dividend under Tata MF Income plus Fund-Plan A and Plan B.

Tata Mutual Fund has declared dividend on the face value of Rs 10 per unit under the dividend option of Tata Income plus Fund-Plan A and Plan B-Income/Bonus Option. The record date for dividend is September 18, 2012. The gross rate of dividend will be Rs 0.1890 per unit on face value of Rs 10 each.

News Source – INDIAN-COMMODITY.

 

3.Declaration of dividend under Axis MF Triple Advantage Fund.

Axis Mutual Fund has declared dividend on the face value of Rs 10 per unit under the dividend option of Axis Triple Advantage Fund, an open ended hybrid fund. The record date for dividend is September 17, 2012. The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.80 per unit.

News Source – INDIAN-COMMODITY.

 

4.Religare MF Announces Dividend Under Religare Fixed Maturity Plan – Series IX – Plan D (370 Days).

Religare Mutual Fund has announced 20 September 2012 as the record date for declaration of dividend under the dividend option of Religare Fixed Maturity Plan-Series IX-Plan D (370 Days). The amount of dividend per unit on the face value of Rs. 10 per unit will be entire distributable surplus as on the record date. Further, 20 September 2012, has been fixed as the record date for the purpose of determining eligible unit holders holding units of the scheme who would be entitled to the maturity/redemption proceeds on the maturity/final redemption date of the scheme, which is 20 September 2012.

News Source – INDIAINFOLINE.

 

GENERAL

5.Norms for RGESS to be announced this week.

In yet another reform measure to deepen capital markets and attract retail investors into equities, the government is set to notify norms for the Rajiv Gandhi Equity Savings Scheme (RGESS) in the coming week. Government sources said the finance ministry will define the rules of the tax saving scheme with mutual funds likely to be given access with a set of riders.

News Source – HINDUSTAN TIMES.

 

NEW FUND LAUNCH

6.Deutsche MF launches 'DWS Hybrid Fixed Term Fund – Series 10'.

Deutsche Mutual Fund launched a new close ended debt scheme named 'DWS Hybrid Fixed Term Fund – Series 10', with maturity of 5 years. The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription today and will close on September 25.

News Source – SHAREKHAN.



 

DIVIDEND

7.Reliance Regular Savings Fund – Debt Option announces dividend.

Reliance Mutual Fund has announced 21 September 21012 as the record date for declaration of dividend under Reliance Regular Savings Fund – Debt Option. The quantum of dividend on the face value of Rs. 10 per unit will be: Reliance Regular Savings Fund – Debt Option- Retail Plan – Quarterly Dividend Option: Rs. 0.2800 per unit Reliance Regular Savings Fund – Debt Option – Institutional Plan – Quarterly Dividend Option: Rs. 0.3100 per unit.

News Source – INDIAINFOLINE.

 

8.Taurus Dynamic Income Fund announces dividend.

Taurus Mutual Fund has announced 21 September 2012 as the record date for declaration of dividend under the dividend option of Taurus Dynamic Income Fund. The amount of dividend will be 100% of distributable surplus as on the record date over and above the base NAV of Rs. 10.30 per unit on the face value of Rs. 10 per unit.

News Source – INDIAINFOLINE.

 

GENERAL

9.Reliance Mutual Fund decides to introduce/modify the features of 'Invest Easy – Individuals'.

Reliance Capital Asset Management Limited (RCAM) has decided to introduce/modify the features of 'Invest Easy – Individuals' which is available in all the existing eligible schemes of RMF:

1) Modification in the features/process for availing the 'Invest Easy – Individuals' facility:
A. Mode of holding:
The 'Invest Easy – Individuals' facility is currently available only for individual investor having the mode of holding as 'Single'. The said facility shall with effect from September 18, 2012, will also be available to investor having a mode of holding as 'Anyone or Survivor'. This will enable the investors to transact through SMS, Call center, mobile WAP (Web Access Portal) Site and Website of RMF.
B. Acceptance of Invest Easy Mandate if only mobile number / email id is available: The Invest easy mandate is currently being processed if the mobile number and email id of investor is registered with RCAM / RMF.
As an investor service initiative, the said facility with effect from September 28, 2012, be registered if either the mobile number or the email id is available / registered with RCAM / RMF.
(a) If only the mobile number of the investor is registered with RCAM / RMF, investor can execute transaction only through SMS. The confirmation pertaining to mandate registration /transaction confirmation / account statement and such other communication as required under Securities & Exchange (Mutual Funds) Regulations, 1996, will be dispatched through physical mode on the registered address & SMS.
(b) If only the email id of the investor is registered with RCAM / RMF, investor can execute the following transactions:
� Transaction through Call Center.
� Transaction through mobile WAP (Web Access Portal) Site.
� Transaction through RMF website

In this regard, IPIN will be issued only in physical mode and mandate registration / transaction confirmation / account statement and such other communication as required under Securities & Exchange (Mutual Funds) Regulations, 1996, will be dispatched through electronic mode in line with the applicable regulations as amended from time to time. Investor may please note that the confirmation of mandate registration shall be informed to the investor through Physical Mode also. For transacting through the 'Invest Easy – Individual' facility only one email id / mobile number can be registered with RCAM / RMF in the individual folio. In case if the investor wishes to transact otherwise he / she can use the offline mode for transacting.

News Source – INDIAINFOLINE.

 

10.Reliance Mutual Fund enters into agreement with Indian Overseas Bank: Media Reports.

Reliance Capital's Reliance Mutual Fund has entered into a distribution tie up with Indian Overseas Bank, a media report said. Under the distribution agreement, Indian Overseas Bank would be selling Reliance Mutual Fund products via its 2,689 branches, the report added. This would enable the bank to operate as a financial super market and help in strengthening the relationship of the existing and potential customer base, providing an opportunity to cross-sell, Indian Overseas Bank, Chairman & MD, M Narendra said. This agreement would help us expand our customer base, especially in tier II and III cities, leveraging on the wide network of the bank, Reliance Capital, Chief Executive Asset Management, Sundeep Sikka told media. The tie-up would assist Reliance Mutual Fund to reach approximately 24 million customers of the India Overseas Bank, Sundeep Sikka added. Reliance Mutual Fund is engaged in managing nearly Rs 1,40,000 crore across mutual funds, government, government-sponsored public funds, hedge funds and managed accounts.

News Source – REDIFF MONEY.

 

NEW FUND LAUNCH

11.Principal Pnb Fixed Maturity Plan – Series B2 Floats On.

Principal Mutual Fund has launched a new fund named as Principal Pnb Fixed Maturity Plan – Series B2, a close ended debt scheme offering Fixed Maturity Plan having maturity of 1098 days. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription from 17 September and will close on 25 September 2012.

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 18-Sept-2012
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