DIVIDEND

1.Religare MF declares dividend under 'Religare Ultra Short Term Fund – Retail Plan.'

Religare Mutual Fund has declared 0.1217 per cent dividend under monthly dividend payout option of scheme named as 'Religare Ultra Short Term Fund – Retail Plan' on the face value of Rs 1,000 per unit. The record date for the dividend was October 8. The NAV of scheme as on October 8, 2012 was Rs 1,003.89. The investment objective of 'Religare Ultra Short Term Fund – Retail Plan', an open ended debt short term scheme, was to provide liquidity and optimal returns to the investor by investing primarily in a mix of short term debt and money market instruments which results in a portfolio having marginally higher maturity and moderately higher credit risk as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

News Source – REDIFF MONEY.

 

2.Axis MF declares dividend under 'Axis Banking Debt Fund.'

Axis Mutual Fund has declared 0.1437 per cent dividend under monthly dividend payout option of scheme named as 'Axis Banking Debt Fund' on the face value of Rs 1,000 per unit. The record date for the dividend was October 5. The NAV of scheme as on October 8, 2012 was Rs 1,004.11. The investment objective of 'Axis Banking Debt Fund', an open ended debt income scheme, was to generate stable returns by investing predominantly in debt and money market instruments issued by banks.

News Source – REDIFF MONEY.

 

3.Peerless MF declares dividend under 'Peerless Ultra Short Term Fund – Retail Plan.'

Peerless Mutual Fund has declared 0.1303 per cent dividend under monthly dividend payout option of scheme named as 'Peerless Ultra Short Term Fund – Retail Plan' on the face value of Rs 10 per unit. The record date for the dividend was October 8. The NAV of scheme as on October 8, 2012 was Rs 10.07. The investment objective of 'Peerless Ultra Short Term Fund – Retail Plan', an open ended debt short term scheme, was to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

News Source – REDIFF MONEY.

 

4.Peerless MF announces dividend under 'Peerless Ultra Short Term Fund.'

Peerless Mutual Fund has declared 0.1564 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 October 8. The NAV of scheme as on October 9, 2012 was Rs 10.0896. The investment objective of 'Peerless Ultra Short Term Fund', an open ended debt-short term scheme, was to provide optimal returns and liquidity to the investors by investing primarily in a mix of money market and short term debt instruments which results in a portfolio having marginally higher maturity as compared to a liquid fund at the same time maintaining a balance between safety and liquidity.

News Source – REDIFF MONEY.

 

5.Reliance Fixed Horizon Fund XX Series 15 announces dividend.

Reliance Mutual Fund has announced 15 October 2012 as the record date for declaration of dividend under the dividend option of Reliance Fixed Horizon Fund XX Series 15. The amount of dividend per unit on the face value of Rs. 10 per unit will be entire distributable surplus available in the scheme as on the record date.



News Source – INDIAINFOLINE.

 

DIVIDEND

6.Tata MF declares dividend under 'Tata Equity P/E Fund – Trigger Option A – 5%'.

Tata Mutual Fund has declared 4.0000 per cent dividend under dividend payout option of scheme named as 'Tata Equity P/E Fund – Trigger Option A – 5%', on the face value of Rs 10 per unit. The record date for the dividend is October 12. The NAV of scheme as on October 9, 2012 was Rs 28.58. The investment objective of 'Tata Equity P/E Fund – Trigger Option A – 5%', an open ended equity-diversified scheme, was to provide reasonable and regular income along with possible capital appreciation to its unit-holder.

News Source – REDIFF MONEY.

 

7.Tata MF announces dividend under 'Tata Equity P/E Fund.'

Tata Mutual Fund has declared 8.0000 per cent dividend under dividend payout option of scheme named as 'Tata Equity P/E Fund', on the face value of Rs 10 per unit. The record date for the dividend is October 12. The NAV of scheme as on October 9, 2012 was Rs 29.2793. The investment objective of 'Tata Equity P/E Fund', an open ended equity-diversified scheme, was to provide reasonable and regular income along with possible capital appreciation to its unit-holder.

News Source – REDIFF MONEY.

 

8.Declaration of dividend under Reliance Fixed Horizon Fund XX Series 15.

Reliance Mutual Fund has declared dividend under the dividend option of Reliance Fixed Horizon Fund XX Series 15. The record date for dividend is October 15, 2012. The amount of dividend per unit on the face value of Rs 10 per unit will be entire distributable surplus available in the scheme as on the record date.

News Source – INDIAN COMMODITY.

 

GENERAL

9.Distributor commission restructured by top AMCs.

Top AMCs have already modified their commission structure for distributors to increase their presence in locations beyond top 15 cities. The AMCs have reportedly increased the commissions for IFAs beyond top 15 cities by 25 bps- 50 bps. Other top fund houses are also in process of increasing the commission. AMCs are now aggressively looking at different initiatives to draw more investors beyond top 15 cities to the mutual fund industry. This move comes by fund houses after SEBI stressed on the need to create presence beyond the top 15 cities.

News Source – CAFEMUTUAL.

Latest Indian Mutual Fund News | 11-Oct-2012
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