DIVIDEND

1.Canara Robeco MF announces dividend under 'Canara Robeco Liquid – Retail Plan'.

Canara Robeco Mutual Fund has announced 0.1279 per cent dividend under dividend payout option of scheme named as 'Canara Robeco Liquid – Retail Plan', on the face value of Rs 1000 per unit. The record date for the dividend is October 30. The NAV of scheme as on October 29, 2012 was Rs 1,007.00.The investment objective of 'Canara Robeco Liquid – Retail Plan', an open ended equity-diversified scheme, was generate income / capital appreciation through a low risk strategy by investment in Debt securities and Money Market Instruments.

News Source – REDIFF MONEY.

 

2.BOI AXA MF announces dividend under 'BOI AXA Treasury Advantage Fund'.

BOI AXA Mutual Fund has announced 0.2021 per cent dividend under dividend payout option of scheme named as 'BOI AXA Treasury Advantage Fund' on the face value of Rs 1000 per unit. The record date for the dividend is October 29. The NAV of scheme as on October 29, 2012 was Rs 1,002.59.

News Source – REDIFF MONEY.

 

3.Religare MF announces dividend under 'Religare Short Term Plan'.

Religare Mutual Fund has announced 0.0802 per cent dividend under dividend payout option of scheme named as 'Religare Short Term Plan' on the face value of Rs 10 per unit. The record date for the dividend is October 29. The NAV of scheme as on October 29, 2012 was Rs 10.01.

News Source – REDIFF MONEY.

 

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

Religare Mutual Fund has announced 0.1290 per cent dividend under dividend payout option of scheme named as 'Religare Ultra Short Term Fund' on the face value of Rs 1000 per unit. The record date for the dividend is October 29. The NAV of scheme as on October 29, 2012 was Rs 999.21.

News Source – REDIFF MONEY.

 

GENERAL

5.AMFI announces revision in ARN fees.

Association of Mutual Fund in India (AMFI) has announced revision in AMFI Registration Number (ARN). The revised fees (cut by up to 80%) will be effective from November 1, 2012 and shall be made applicable to those distributors who apply for fresh registration on or after November 1, 2012 and to the existing ARN holders who's ARNs are falling due for renewal on or after November 1, 2012. As per the revised structure, the ARN fees for Regional Rural Banks, District Central Co-Op. Banks, NBFCs have seen the biggest decline of 80% to Rs 1 lakh (from Rs 5 lakh earlier), while fees for proprietary firms have also been slashed considerably from Rs 10,000 to Rs 3,000. The fees for individuals and senior citizens have been lowered from Rs 5,000 to Rs 3,000.

News Source – INDIAINFOLINE.

 

6.New fees for MF distributors to be introduced from 1 November.

Asset management companies (AMCs) have reduced the distributor registration fees by up to 80% to increase their sales. According to the AMFI (Association of Mutual Funds in India) circular, the revised registration fees, which AMFI charges to the MF distributors, would be effective from November 1. The fees shall be made applicable to those distributors who apply for fresh registration on or after November 1, 2012 and to the existing ARN holders whose ARNs are falling due for renewal on or after November 1, 2012. AMFI has also announced a registration fee of Rs. 3,000 for newly created distributors, which includes retired government employees, teachers and bankers. The ARN fees for NBFCs have been declined 80% to Rs. 1 lakh from Rs. 5 lakh earlier. The new fees for proprietary firms have also been reduced to Rs. 3,000 from Rs. 10,000. The fees for individuals and senior citizens have been lowered to Rs. 3,000 from Rs. 5,000.



News Source – INDIAINFOLINE.

 

7.SEBI to introduce reforms to safeguard retail investors.

To attract retail participation, SEBI (Securities and Exchange Board of India) plans to introduce several reforms, according to media reports. The regulator said that it will not allow companies to raise funds through IPOs (initial public offerings) if their data and information is unclear and investors' interest is not taken into consideration, the reports added. SEBI Chairman UK Sinha said that the new reforms aim to balance the need of retail investors and the need for encouraging more people to invest in the equity market. The regulator has also noticed that investment into the industry was shrinking from beyond the top 15 cities. The regulator wants to initiate an equity culture where people invest on a long term basis. Pension is another area where reforms are necessary for developing an equity culture, the reports concluded.

News Source – INDIAINFOLINE.

 

DIVIDEND

8.Religare MF declares dividend under monthly payout option.

Religare Mutual Fund has declared 0.1058 per cent dividend under monthly dividend payout option of scheme named as Religare Ultra Short Term Fund – Retail Plan´┐Ż, on the face value of Rs 1000 per unit. The record date for the dividend is October 29. The NAV of scheme as on October 30, 2012 was Rs 1007.7649.

News Source – REDIFF MONEY.

 

9.Religare MF declares dividend under 'Religare Short Term Plan – Plan B'.

Religare Mutual Fund has declared 0.0651 per cent dividend under monthly dividend payout option of scheme named as 'Religare Short Term Plan – Plan B', on the face value of Rs 10 per unit. The record date for the dividend is October 29. The NAV of scheme as on October 30, 2012 was Rs 10.7892.

News Source – REDIFF MONEY.

 

10.LIC NOMURA MF Interval Fund-Quaretrly Plan-Series 1 announces dividend.

LIC NOMURA Mutual Fund has announced 5 November 2012 as the record date for declaration of dividend in the dividend option of LIC NOMURA MF Interval Fund-Quaretrly Plan-Series 1. The quantum of dividend per unit will be entire distributable surplus as on record date on the face value of Rs 10 per unit. 


News Source – INDIAINFOLINE.

 

GENERAL

11.SEBI to give preferential treatment to SWFs, pension funds: Reports.

Capital market regulator SEBI (Securities and Exchange Board of India) is planning to give preferential treatment to long-term investors like sovereign wealth funds (SWFs) and pension funds. The move is aimed at encouraging SWFs and pension funds to invest in the Indian debt market, according to media reports. SEBI is likely to introduce a separate limit within the current FII debt limit to encourage SWFs and pension funds to invest in the Indian debt market. The regulator may also have to set up a separate dispensation framework to distinguish these long term investors and provide them greater flexibility, the reports said. Currently, SWFs and pension funds don't have major investments in Indian debt market. SWF is a state-owned investment fund comprising of financial assets such as stocks, bonds, property, precious metals and other financial instruments that are invested globally.

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 01-Nov-2012
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