Latest Indian Mutual Fund News | 31-Jan-2013

DIVIDEND

1.Axis Equity Fund announces dividend. Record date for dividend is 4 February 2013

Axis Mutual Fund has announced 4 February 2013 as the record date for declaration of dividend under the dividend option and direct plan-dividend option of Axis Equity Fund, an open ended growth scheme. The quantum of dividend will be Rs 1.20 per unit under each option on the face value of Rs 10 per unit. 

News Source – NAV INDIA.

 

 

2.Religare Fixed Maturity Plan-Series XII-Plan C (368 Days) announces dividend. Record date for dividend is 4 February 2013

Religare Mutual Fund has announced 4 February 2013 as the record date for declaration of dividend under the dividend option of Religare Fixed Maturity Plan-Series XII-Plan C (368 Days), a close ended debt scheme. The amount of dividend will be entire distributable surplus as on the record date on the face value of Rs 10 per unit. 

News Source – NAV INDIA.

 

 

3.Reliance Fixed Horizon Fund XXI Series 6 announces dividend. Record date for dividend is 4 February 2013

Reliance Mutual Fund has announced 4 February 2013 as the record date for declaration of dividend under the dividend option of Reliance Fixed Horizon Fund XXI Series 6. The amount of dividend per unit will be entire distributable surplus available in the scheme as on the record date on the face value of RS 10 per unit. 

News Source – NAV INDIA.

 

 



4.Peerless Ultra Short Term: Dividend Declaration

Peerless Mutual Fund has announced dividend under the monthly dividend option of Peerless Ultra Short Term Retail and Super Institutional. The quantum of dividend was Re.0.0555 per The record date was January 24, 2013.

News Source – VALUE SEARCH ONLINE.

 

GENERAL

 

5.Motilal Oswal MOSt 10 Year Gilt Fund announces change in benchmark index – With effect from 31 January 2013

Motilal Oswal Mutual Fund has announced change in benchmark index of Motilal Oswal MOSt 10 Year Gilt Fund with effect from 31 January 2013. Accordingly, the revised benchmark will be Crisil 10 Year Gilt Index.

News Source – NAV INDIA.

 

NEW FUND LAUNCH

 

6.LIC Nomura to unveil Rajiv Gandhi Equity Scheme on Feb 11

LIC Nomura Mutual Fund has received approval from the market regulator SEBI to launch Rajiv Gandhi Equity Savings Scheme (RGESS) a company release said.

�We are launching the Rajiv Gandhi Equity Savings Scheme (RGESS) on February 11 and will be open till February 25,� Chief Executive and Director Nilesh Sathe said.
RGESS, announced in the last Budget, seeks to provide tax benefits to first-time investors in the stock market. Under the scheme, an individual with an income of up to Rs 10 lakh would get tax incentives for investing up to Rs 50,000.

News Source – THE HINDU BUSINESS LINE.

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