DIVIDEND

1.Canara Robeco MF announces dividend under 'Canara Robeco Treasury Advantage Fund – Institutional Plan'.

Canara Robeco Mutual Fund has declared 0.1837 per cent dividend under monthly dividend payout option of scheme named as 'Canara Robeco Treasury Advantage Fund – Institutional Plan', on the face value of Rs 1000 per unit. The record date for the dividend was October 9. The NAV of scheme as on October 10, 2012 was Rs 1,003.74.

News Source – REDIFF MONEY.

 

2.Tata MF announces dividend under 'Tata Liquidity Management Fund.'

Tata Mutual Fund has declared 0.1301 per cent dividend under monthly dividend payout option of scheme named as 'Tata Liquidity Management Fund', on the face value of Rs 1000 per unit. The record date for the dividend was October 9. The NAV of scheme as on October 10, 2012 was Rs 1,005.74.

News Source – REDIFF MONEY.

 

3.Reliance MF announces dividend under 'Reliance Money Manager Fund – Retail Plan.'

Reliance Mutual Fund has declared 0.1190 per cent dividend under monthly dividend payout option of scheme named as 'Reliance Money Manager Fund – Retail Plan', on the face value of Rs 1000 per unit. The record date for the dividend was October 9. The NAV of scheme as on October 10, 2012 was Rs 1,026.87.

News Source – REDIFF MONEY.

 

4.Tata MF announces dividend under 'Tata Liquid Fund Plan A.'

Tata Mutual Fund has declared 0.1274 per cent dividend under monthly dividend payout option of scheme named as 'Tata Liquid Fund Plan A', on the face value of Rs 1000 per unit. The record date for the dividend was October 9. The NAV of scheme as on October 10, 2012 was Rs 1,002.80.



News Source – REDIFF MONEY.

 

GENERAL

5.Mutual funds hike expense ratios to 2.70 percent in equity funds.

Mutual Funds have begun communicating to their investors and distributors about the hike in expense ratios in schemes from 1st October. Fund houses have raised the total expense ratio (TER) in equity funds to 2.70% and 2.45% in debt funds as an enabler clause to their scheme information documents. Earlier fund houses were charging a maximum of 2.50% as TER on equity funds. However, it is unlikely that debt schemes would charge 2.45% as it could impact returns. The expense could be slightly higher than earlier. ETFs and index funds will charge a maximum of 1.50%. The maximum scheme expenses could even go more than 3% in equity funds after adding service tax on management fee, 20 basis extra TER (which has to be clawed back to schemes in the event of redemptions), and 30 basis additional expenses on gross new inflows from beyond top 15 cities. However, the expenses would depend on the extent of inflows from smaller towns.

News Source – CAFEMUTUAL.

 

NEW FUND LAUNCH

6.Reliance MF introduces Fixed Horizon Fund – XXII – Series 28.

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund – XXII – Series 28, a close ended income scheme. The NFO opens for subscription on October 12, 2012 and closes on October 22, 2012. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000 and multiples of Rs. 1 thereafter.

News Source – INDIAN COMMODITY.

Latest Indian Mutual Fund News | 13-Oct-2012
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