Latest Indian Mutual Fund News | 29-Jan-2013

DIVIDEND

1.Tata Dividend Yield Fund announces dividend – Record date for dividend is 31 January 2013

Tata Mutual Fund has announced 31 January 2013 as the record date for declaration of dividend under the dividend option of Plan A and Direct Plan of Tata Dividend Yield Fund. The amount of dividend will be Rs 1 per unit under each plan, on the face value of RS 10 per unit. 

News Source – NAV INDIA.

 

2.Peerless Income Plus Fund Declares Dividend Under Its Monthly Dividend Option – Record date for dividend was 24 January 2013

Peerless Mutual Fund has declared dividend under the monthly dividend option of Peerless Income Plus Fund, an open ended debt scheme. The record date for dividend was 24 January 2013. The gross dividend was Rs. 0.0700 per unit for Monthly Dividend Option as on the record date, net of which will be tax free in the hands of investors. Dividend is being declared on the face value of Rs.10 per unit. The Ex-Dividend NAV of Peerless Income Plus Fund – Monthly Dividend option as on 24 January 2013, is Rs. 10.3884, after considering the Dividend Payout and statutory levies, if any. 

News Source – NAV INDIA.

 

3.IDBI Mutual Fund declares dividend under Income Plan-Regular and direct

IDBI Mutual Fund has declared dividend under quarterly dividend sub option of IDBI Monthly Income Plan-Regular and Direct. The record date for dividend is January 30, 2013. The amount of dividend on the face value of Rs 10 per unit will be Rs 0.18 per unit under each scheme. 

News Source – INDIAN COMMODITY.

 

4.Mirae Asset Ultra Short Term Bond Fund announces dividend – Record date for dividend is 30 January 2013

Mirae Asset Mutual Fund has announced 30 January 2013 as the record date for declaration of dividend under institutional plan-quarterly dividend option of Mirae Asset Ultra Short Term Bond Fund. The quantum of dividend per unit will be distributable surplus as reduced by applicable statutory levy on the face value of Rs 1000 per unit.

News Source – NAV INDIA.

 

GENERAL

5.Tata Mutual Fund announces merger of two schemes – Record date for the same is 01 March 2013

Tata Mutual Fund has approved the merger of Tata Equity Management Fund into Tata Pure Equity Fund. The record date for the same is 01 March 2013. Post the said merger the investment objective & investment allocation pattern of Tata Pure Equity Fund will be unchanged. 

News Source – NAV INDIA.



 

SEBI / AMFI

6.SEBI modifies guidelines for share sale through auction route

In case of default in pay-in by any investor, 10% of the order value shall be charged as penalty from the investor and collected from the broker.

Market regulator SEBI (Securities and Exchange Board of India) issued modified guidelines for offer for sale (OFS) by promoters through the stock exchange. Based on past experience of sale of shares through OFS, the mechanism of OFS has been found to be useful by market participants and popular for offloading shares of promoters in listed companies in order to achieve minimum public shareholding, SEBI said in a circular released on 25th January. 

News Source – INDIA INFOLINE.

 

GENERAL

7.UTI MF announces withdrawal of Addendum on Investment by QFIs in Liquid & Debt Schemes

UTI Mutual Fund has announced withdrawal of Addendum on Investment by Qualified Foreign Investors (QFIs) in Liquid & Debt Schemes of UTI Mutual Fund. The Addendum no.34/2012-13 dated November 30, 2012 issued regarding Investment by QFIs in Liquid & Debt Schemes of UTI Mutual Fund stands withdrawn with immediate effect. 

News Source – INDIA INFOLINE.

 

MERGER OF SCHEMES

8.Tata Equity Management Fund Merges into Tata Pure Equity

Tata Mutual Fund has announced the merger of Tata Equity Management into Tata Pure Equity with effect from March 1, 2013.

The dissenting unitholders of Tata Equity Management are given an option to exit the fund without payment of exit load prior to March 1, 2013 and for other unitholders proportionate units of Tata Pure Equity shall be credited to their Demat Accounts.

News Source – VALUE SEARCH ONLINE.






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