DIVIDEND

1.Mirae Asset Emerging Bluechip Fund-Regular Plan announces dividend.

Mirae Asset Mutual Fund has announced 29 October 2012 as the record date for declaration of dividend under the dividend option of Mirae Asset Emerging Bluechip Fund-Regular Plan. The quantum of dividend on the face value of Rs 10 per unit will be Rs 1.10 per unit. Further, pursuant to Sebi circular Single Plan Structure was implemented in the schemes of Mirae Asset Mutual Fund with effect from 1 October 2012. Accordingly, fresh purchases/additional purchases/switch-in(s) got discontinued in some plans and fresh subscriptions are being accepted only under the Single Plan Structure of the schemes. No fresh purchases/additional purchases/switch-in(s) shall be accepted with effect from 1 October 2012 in the discontinued plans. However if the investor has registered for special products like SIP/STP/Trigger etc. and dividend reinvestment option, the transactions shall continue to be processed as per the terms and conditions of the respective facilities till 31 October 2012. Effective 1 November 2012, the above mentioned registrations/mandates in the discontinued plans/options shall be processed in the new plans/options as mentioned in the notice cum addendum dated 28 September 2012. The units created in line with the above mentioned details will be processed at the applicable NAV of the single plan for the respective options. The entry and exit loads for the units so created in the Single Plan Structure, if applicable, will be as per the terms of the existing single plan. In such a scenario same folio number will have units created in two plans i.e. units created on or before 31 October 2012 and units created on or after 1 November 2012.

News Source – INDIAINFOLINE.

 

NEW FUND LAUNCH

2.Reliance MF launches 'Reliance Fixed Horizon Fund – XXII – Series 30'; NFO to close on October 31.

Reliance Mutual Fund launched a new close ended income scheme named 'Reliance Fixed Horizon Fund – XXII – Series 30,' with maturity time of 1830 days. The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription on October 22 and will close on October 31. According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount was Rs 5, 000 and in multiple of Rs 1 thereafter. The two options were available under the Plan of the Scheme viz. Growth and Dividend option only.

News Source – REDIFF MONEY.

 

DIVIDEND

3.Edelweiss Mutual Fund announces dividend under two schemes.

Edelweiss Mutual Fund has announced 29 October 2012 as the record date for declaration of dividend under the dividend options of the following schemes. The amount of dividend on the face value of Rs 10 per unit will be:

A) Edelweiss Absolute Return Fund: Rs 0.18 per unit.
B) Edelweiss Diversified Growth Equity Top 100 Fund: Rs 1.00 per unit.

News Source – INDIAINFOLINE.

 

4.UTI Fixed Income Interval Fund – Series II Quarterly Interval Plan IV announces dividend.

UTI Mutual Fund has announced 29 October 2012 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund – Series II Quarterly Interval Plan IV. The gross dividend will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.

News Source – INDIAINFOLINE.



 

5. UTI Fixed Income Interval Fund -Monthly Interval Plan I announces dividend.

UTI Mutual Fund has announced 30 October 2012 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund -Monthly Interval Plan I. The quantum of dividend on the face value of Rs 10 per unit will be 100% of distributable surplus as on the record date.

News Source – INDIAINFOLINE.

 

GENERAL

6.Reliance MF announces change in minimum application amount under Reliance Money Manager Fund.

Reliance Mutual Fund has announced change in minimum application amount under Reliance Money Manager Fund, an open ended income scheme with effect from 29 October 2012. Accordingly, the revised minimum application amount will be Rs 500 and in multiples of Re 1 thereafter.

News Source – INDIAINFOLINE.

 

7.Reliance Money Manager Fund – Retail Plan announces bonus.

Reliance Mutual Fund has announced 29 October 2012 as the record date for declaration of bonus units under the bonus option of Reliance Money Manager Fund – Retail Plan. The bonus on the face value of Rs 1000 per unit will be 1 unit for every 3 units held.

News Source – INDIAINFOLINE.

 

NEW FUND LAUNCH

8.UTI MF launches 'UTI Credit Opportunities Fund'; NFO to close on October 29.

UTI Mutual Fund launched a new open ended income scheme named 'Axis Capital Protection Oriented Fund – Series 5.' The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription today and will also close on November 8. According to the offer document filed with SEBI, the entry load is nil while exit load for less than 366 days will be at 1.25 per cent. In case of greater than 365 days and less than 549 days, it will be at 0.75 per cent while for days greater than 548 days, exit load will be nil. The minimum application amount was Rs 5,000.

News Source – REDIFF MONEY.
Latest Indian Mutual Fund News | 26-Oct-2012
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