DIVIDEND

 

1.UTI MF declares dividend under 'UTI MNC Fund'.

 

UTI Mutual Fund has declared 22.0000 per cent dividend under dividend payout option of scheme named as 'UTI MNC Fund', on the face value of Rs 10 per unit. The record date for the dividend was October 3. The NAV of scheme as on October 3, 2012 was Rs 45.49. The investment objective of 'UTI MNC Fund', an open ended equity sector fund, was to invest predominantly in the equity shares of multinational companies in diverse sectors such as FMCG, Pharmaceuticals, and Engineering etc.

News Source – REDIFF MONEY.

 

 

2.UTI Fixed Income Interval Fund Annual Interval Plan III announces dividend.

 

UTI Mutual Fund has announced 9 October 2012 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund Annual Interval Plan III. The gross dividend will be 100% of distributable surplus as on record date on the face value of Rs. 10 per unit.

News Source – INDIAINFOLINE.

 

NEW FUND LAUNCH

 

3.Reliance MF Floats Reliance Fixed Horizon Fund – XXII – Series 28.

 

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXII – Series 28, a close ended income scheme with the duration of 746 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs. 10 per unit. The new issue will be open for subscription from 12 October and will close on 22 October 2012. The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. The scheme offers two options viz. growth and dividend payout option. Reliance Fixed Horizon Fund – XXII – Series 28 will allocate upto 40% of assets in Money Market Instruments with low risk profile. On the other side it would allocate 60% to 100% of assets in Government Securities & debt instruments with low to medium risk profile. 40% to 45% of net assets would be invested in AAA/A1+ rated NCDs / Bonds and 55% to 60% of net assets would be invested in AA rated NCDs / Bonds. The minimum application amount is Rs. 5000 and in multiples of Rs. 1 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs. 20 crore under the scheme during the NFO period. Entry and exit load charge will be nil for the scheme.

News Source – INDIAINFOLINE.



 

DIVIDEND

 

1.Deutsche MF declares dividend under 'DWS Short Maturity Fund – Premium Plus Plan'.

 

Deutsche Mutual Fund has declared 0.2593 per cent dividend under 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 28. The NAV of scheme as on October 1, 2012 was Rs 10.32. The investment objective of 'DWS Short Maturity Fund – Premium Plus Plan', an open ended debt income scheme, was to generate steady returns with low volatility by investing in short-medium term debt and money market securities.

News Source – REDIFF MONEY.

 

GENERAL

 

2.Wyeth – Change of RTA.

 

Wyeth Ltd has informed BSE that Company has appointed Karvy Computershare Private Limited as its Registrar and Share Transfer Agent (RTA) with effect from October 01, 2012, for handling all matters relating to the shares of Wyeth (both physical as well as demat mode) in place of Datamatics Financial Services Limited.

News Source – MONEY CONTROL.

 

 

3.5 MFs to halt 190 schemes to comply with SEBI rules.

 

Five mutual funds, including leading players like Reliance and ICICI Prudential MF, today listed out a total of 190 schemes that would be discontinued for fresh SIP investments to comply with SEBI guidelines. The move follows new SEBI regulations, which require fund houses to launch only one plan per scheme with effect from this month. Consequently, Reliance MF, ICICI Pru, HSBC, Morgan Stanley and IDFC Mutual Funds today communicated the required changes in their schemes to the BSE, where many of their schemes are listed for trading. Together, a total of 190 schemes of these five fund houses would be discontinued for subscription or registration in existing SIPs. SIP (Systematic Investment Plan) offers the mutual fund investors an option to invest as low as Rs 100 per month and have gained popularity in the market in recent past. However, many fund houses have launched multiple SIP plans under one scheme, prompting market regulator SEBI to ask the fund houses to move to 'single plan per scheme' model in a move to make the investment process simpler for investors. The five fund houses have also communicated to the BSE a list of 22 schemes where the Minimum Purchase Amount and Additional Purchase Amount have been lowered as per SEBI guidelines. All the proposed changes would be effective immediately and are part of wide-ranging reforms notified by SEBI recently.

News Source – MONEY CONTROL.

Latest Indian Mutual Fund News | 05-Oct-2012
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