Latest Indian Mutual Fund News | 27-Sept-2012
1.BOI AXA MF declares dividend under 'BOI AXA Treasury Advantage Fund'.
BOI AXA Mutual Fund has declared 0.1422 per cent dividend under weekly dividend payout option of scheme named as 'BOI AXA Treasury Advantage Fund', on the face value of Rs 1000 per unit. The record date for the dividend was September 21. The NAV of scheme as on September 24, 2012 was at Rs 1,000.68.
News Source – REDIFF MONEY.
2.Deutsche MF declares dividend under 'DWS Short Maturity Fund – Premium Plus Plan'.
Deutsche Mutual Fund has declared 0.1926 per cent dividend under weekly dividend payout option of 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 September 21. The NAV of scheme as on September 24, 2012 was at Rs 10.38.
News Source – REDIFF MONEY.
Pramerica Mutual Fund has declared 2.3125 per cent dividend under dividend payout option of scheme named as 'Pramerica Credit Opportunities Fund', on the face value of Rs 1000 per unit. The record date for the dividend is September 26. The NAV of scheme as on September 24, 2012 was at Rs 1031.3276.
News Source – SHAREKHAN.
4.Deutsche Mutual Fund announces change in face value of DWS Treasury Fund-Cash Plan.
Deutsche Mutual Fund has announced change in face value of regular plan under DWS Treasury Fund-Cash Plan, an open ended liquid plan with effect from 28 September 2012. Accordingly, the face value will be changed from Rs. 10 to Rs. 100 per unit. The unit holding of the existing investors as of date will be adjusted accordingly and the same will not have any impact on the value of investments.
News Source – INDIA INFOLINE.
5.Religare Fixed Maturity Plan-Series XVI-Plan B (24 Months) announces extension of NFO period.
Religare Mutual Fund has decided to extend the closing date of the New Fund Offer period of Religare Fixed Maturity Plan-Series XVI-Plan B (24 Months), a close ended debt scheme from 25 September 2012 to 8 October 2012.
News Source – INDIAINFOLINE.
6.Declaration of dividend under Reliance MF Fixed Horizon Fund – XX – Series 12.
Reliance Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend option of Reliance Fixed Horizon Fund – XX – Series 12. The record date for dividend is September 26, 2012. The quantum of dividend will be entire distributable surplus as on record date. The scheme recorded NAV of Rs 10.9446 per unit as on September 25, 2012.
News Source – INDIAN COMMUNITY.
7.Mutual Funds sector need more clarity on RGESS.
Mutual fund sector is waiting for guidelines from SEBI (Securities and Exchange Board of India) to launch Rajiv Gandhi Equity Savings Scheme (RGESS), the media reports said. On 21st September, Union Finance Minister, P Chidambaram approved RGESS. The scheme was introduced in Budget 2012-13 to attract retail investment in the stock market and expand the reach of the capital markets. The scheme has been designed to provide income tax deduction of 50% on investments up to Rs. 50,000 to first-time retail investors with annual income of upto Rs. 10 lakh. The penetration of investment in equities is very low in India RGESS aims to promote an equity culture in the country. There will be a lock in period of 3 years for investment made under the scheme. The first time investors will be tracked on the basis of PAN number. According to asset management companies (AMCs) more clarity is needed on the details of investment. AMCs need more clarity on the requirements of demat accounts, determination of first-time investors among others, which need to be clarified by the regulator, the reports added. Though RGESS aims to attract investment in equity markets in the country, the finance minister has also allowed investments through ETFs (exchange traded funds) and mutual funds with an underlying portfolio investing in top-100 listed stocks like BSE-100 and CNX 100 apart from top PSUs. One of the issues would be to identify an investor who has a demat account and have not made any investments in equities till date. The SEBI is expected to issue detailed guidelines to operationalize the scheme in the next two weeks when more clarity may emerge.
News Source – INDIAINFOLINE.https://www.investmentkit.com/articles/2012/09/latest-indian-mutual-fund-news-27-sept-2012/https://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegMutual FundsAXA Treasury Advantage Fund,BOI,BOI AXA Treasury Advantage,date,dividend payout,DWS,DWS Short Maturity Fund,face,face value,investment,Mutual,mutual fund,News,payout,Pramerica Credit Opportunities Fund.,Premium Plus Plan,record date,Religare,scheme,TreasuryDIVIDEND1.BOI AXA MF declares dividend under 'BOI AXA Treasury Advantage Fund'.BOI AXA Mutual Fund has declared 0.1422 per cent dividend under weekly dividend payout option of scheme named as 'BOI AXA Treasury Advantage Fund', on the face value of Rs 1000 per unit. The record date for the dividend...Admingkdoda@gmail.comAdministratorInvestmentKit Articles
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