Latest Indian Mutual Fund News | 23-Oct-2012


1.Baroda Pioneer 367 Day Fixed Maturity Plan-Series 2 announces dividend.

Baroda Pioneer Mutual Fund has announced 25 October 2012 as the record date for declaration of dividend under the dividend payout option of Baroda Pioneer 367 Day Fixed Maturity Plan-Series 2. The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.955832942 per unit.




2.UTI Mutual Fund Launches a New Online Payment Facility Interbank Mobile Payment Service.

UTI Mutual Fund launches Interbank Mobile Payment Service (IMPS) which is a new online payment facility for its investors towards purchasing Mutual Funds online. IMPS offers an instant, 24X7 interbank electronic fund transfer service through mobile phones. IMPS facilitates customers to use mobile instruments as a channel for accessing their bank accounts and making interbank fund transfers in a secured manner with immediate confirmation features. Imtaiyazur Rahman, Acting CEO, UTI Asset Management Company Limited said, 'UTI Mutual Fund currently offers its investors an online investment facility which enables them to purchase, redeem, switch units and register for systematic investment plans using the internet banking platform and visa debit cards. In addition to this we are now offering our investors an option to invest through IMPS. It is our endeavor to leverage technology and provide investors with an additional medium to invest.' The key objective of providing the IMPS facility is to make payment simpler with just the mobile number of the investor being registered with his bank. This service can be utilized through internet also and not restricted to mobile phones only.


Latest Indian Mutual Fund News | 23-Oct-2012
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