DIVIDEND

1.Peerless MF declares dividend under 'Peerless Ultra Short Term Fund'.

Peerless Mutual Fund has declared 0.1517 per cent dividend under monthly dividend payout option of scheme named as 'Peerless Ultra Short Term Fund', on the face value of Rs 10 per unit. The record date for the dividend was September 17. The NAV of scheme as on September 18, 2012 was at Rs 10.0903.

News Source – REDIFF MONEY.

 

2.Axis MF declares dividend under 'Axis Triple Advantage Fund'.

Axis Mutual Fund has declared 8.0000 per cent dividend under dividend payout option of scheme named as 'Axis Triple Advantage Fund', on the face value of Rs 10 per unit. The record date for the dividend was September 17. The NAV of scheme as on September 18, 2012 was at Rs 10.4694.

News Source – REDIFF MONEY.

 

3.Reliance MF declares dividend under 'Reliance Money Manager Fund – Institutional Plan'.

Reliance Mutual Fund has declared 0.1452 per cent dividend under weekly dividend payout option of scheme named as 'Reliance Money Manager Fund – Institutional Plan', on the face value of Rs 1000 per unit. The record date for the dividend was September 18. The NAV of scheme as on September 18, 2012 was at Rs 1,014.36.

News Source – REDIFF MONEY.

 

4.Reliance MF declares dividend under 'Reliance Money Manager Fund'.

Reliance Mutual Fund has declared 0.1386 per cent dividend under weekly dividend payout option of scheme named as 'Reliance Money Manager Fund', on the face value of Rs 1000 per unit. The record date for the dividend was September 18. The NAV of scheme as on September 18, 2012 was at Rs 1,014.95.

News Source – REDIFF MONEY.

 

5.Reliance MF declares dividend under 'Reliance Medium Term Fund'.

Reliance Mutual Fund has declared 0.3022 per cent dividend under weekly dividend payout option of scheme named as 'Reliance Medium Term Fund', on the face value of Rs 10 per unit. The record date for the dividend was September 18. The NAV of scheme as on September 18, 2012 was at Rs 11.05.

News Source – REDIFF MONEY.

 

6.Reliance MF declares dividend under 'Reliance Floating Rate Fund – Short Term Plan'.

Reliance Mutual Fund has declared 0.1744 per cent dividend under weekly dividend payout option of scheme named as 'Reliance Floating Rate Fund – Short Term Plan', on the face value of Rs 10 per unit. The record date for the dividend was September 18. The NAV of scheme as on September 18, 2012 was at Rs 10.023.

News Source – REDIFF MONEY.

 

7.BOI AXA Mutual Fund Announces Dividend Under Two Schemes.

BOI AXA Mutual Fund has announced 26 September 2012 as the record date for declaration of dividend under the quarterly dividend options of the following schemes. The quantum of dividend per unit on the face value of Rs. 10 per unit will be:



A) BOI AXA Short Term Income Fund-Regular Plan: Rs. 0.20 per unit.
B) BOI AXA Regular Return Fund-Eco Plan: Rs. 0.20 per unit.

News Source – INDIAINFOLINE.

 

8.Pramerica Mutual Fund Announces Dividend Under Three Schemes.

Pramerica Mutual Fund has announced 26 September 2012 as the record date for declaration of dividend under the following schemes. The quantum of dividend per unit on the face value of Rs. 1000 per unit will be:

A) Pramerica Credit Opportunities Fund-Dividend Option: Rs. 23.125 per unit. NAV: Rs. 1029.8233 per unit.
B) Pramerica Short Term Income Fund-Quarterly Dividend Option: Rs. 22.50 per unit. NAV: Rs. 1027.2614 per unit.
C) Pramerica Dynamic Bond Fund- Quarterly Dividend Option: Rs. 20.00 per unit. NAV: Rs. 1022.8223 per unit.
NAVs for the above schemes are as on 18 September 2012.

News Source – INDIAINFOLINE.

 

 

DIVIDEND

9.Tata MF declares dividend under 'Tata Floater Fund'.

Tata Mutual Fund has declared 0.1477 per cent dividend under weekly dividend payout option of scheme named as 'Tata Floater Fund', on the face value of Rs 1000 per unit. The record date for the dividend was September 18. The NAV of scheme as on September 20, 2012 was at Rs 1008.498. The investment objective of 'Tata Floater Fund', an open ended debt floater scheme, was to generate stable returns with a low interest rate risk strategy by creating a portfolio that is predominantly invested in good quality floating rate debt instruments, money market instruments and in fixed rate debt instruments which can also be swapped for floating rate returns.

News Source – SHAREKHAN.

 

GENERAL

10.Finance Minister Approves Rajiv Gandhi Equity Savings Scheme for Retail Investors.

The Union Finance Minister, P. Chidambaram approved a new tax saving scheme called 'Rajiv Gandhi Equity Saving Scheme'(RGESS), exclusively for the first time retail investors in securities market. This Scheme would give tax benefits to new investors who invest up to Rs. 50,000 and whose annual income is below Rs. 10 lakh. The Scheme not only encourages the flow of savings and improves the depth of domestic capital markets, but also aims to promote an 'equity culture' in India. This is also expected to widen the retail investor base in the Indian securities markets. Under the Scheme, those stocks listed under the BSE 100 or CNX 100, or those of public sector undertakings which are Navratnas, Maharatnas and Miniratnas would be eligible. Follow-on Public Offers (FPOs) of the above companies would also be eligible under the Scheme. IPOs of PSUs, which are getting listed in the relevant financial year and whose annual turnover is not less than Rs. 4000 crore for each of the immediate past three years, would also be eligible. In addition, considering the requests from various stakeholders, Exchange Traded Funds (ETFs) and Mutual Funds (MFs) that have RGESS eligible securities as their underlying and are listed and traded in the stock exchanges and settled through a depository mechanism have also been brought under RGESS. Since Exchange Traded Funds and Mutual Funds have also been brought under the Scheme, the Scheme should provide encouragement and re-assurance to the first time investors.

News Source – INDIAINFOLINE.

 

11.UTI Mutual Fund ties up with Syndicate Bank.

UTI Mutual Fund (UTI MF) and Syndicate Bank have entered into a tie-up for distribution of UTI MF schemes. Under the agreement, Syndicate Bank will offer the entire bouquet of UTI MF's schemes through its 2713 branches pan India. The MOU in this connection were exchanged today by Mr Imtaiyazur Rahman, Acting CEO, UTI Asset Management Company Limited and Mr. M G Sanghvi, Chairman and Managing Director, Syndicate Bank. Mr M K Jain, General Manager, Regional Office, Syndicate Bank and Mr S K Thakkar, Deputy General Manager, Marketing Department, Syndicate Bank were also present on the occasion. Speaking on the occasion, Imtaiyazur Rahman, Acting CEO, UTI Asset Management Company Limited said, 'With this alliance, customers of Syndicate Bank will get easy access to invest in the various schemes of UTI Mutual Fund at the branches where they do their banking transactions. The tie-up will also enable UTI Mutual Fund to offer its comprehensive range of mutual fund products to a wider segment of the society.' M G Sanghvi, Chairman and Managing Director, Syndicate Bank said, 'The Bank has taken yet another step forward to meet the diverse financial needs of its valued customers. The Bank, of late has taken a lot of initiatives to augment its fee based income, and distribution of Mutual Fund products is one such step in that direction. This alliance with UTI MF will help us provide quality investment products to our customers and thereby provide more choices and opportunities for financial planning.'

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 22-Sept-2012
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