Latest Indian Mutual Fund News | 19-Feb-2013


1.Franklin India Smaller Companies Fund announces dividend. Record date for dividend is 22 February 2013

Edelweiss Mutual Fund has announced the following changes with effect from 18 February 2013: 

Franklin Templeton Mutual Fund has announced 22 February 2013 as the record date for declaration of dividend under dividend plan and Direct-dividend option of Franklin India Smaller Companies Fund. The amount of dividend will be Rs 2.50 per unit under each option on the face value of Rs 10 per unit. 

News Source – NAV INDIA.


2.Tata Pure Equity: Dividend Declaration

Tata Mutual Fund has announced dividend under the dividend and direct dividend option of Tata Pure Equity. The quantum of dividend shall be Rs.3 per unit (30%). The last dividend of 25% was declared in March last year for the dividend option.



3.Reliance Regular Savings Equity: Dividend Declaration

Reliance Mutual Fund has announced dividend under the dividend option of Reliance Regular Savings Equity. The quantum of dividend shall be Rs.2.5 per unit. 

The record date has been fixed as February 22, 2013.




4.UTI Mutual Fund announces changes in UTI-Fixed Maturity Plan – Yearly Series -YFMP 02 -13

UTI Mutual Fund has announced that with the terms of the UTI-Fixed Maturity Plan, the Initial Offer of the yearly series of the scheme viz. UTI – Fixed Maturity Plan -Yearly Series (YFMP 02-13) will open for sale from February 18, 2013 instead of February 16, 2013 (as 16th and 17th February 2013 being Saturday and Sunday and hence non-business days) and will close on 20 February 2013 instead of 28 February 2013. Date of allotment of units under the plan will be 21 February 2013. The units issued under UTI – Fixed Maturity Plan – Yearly Series (YFMP 02-13) will be listed on National Stock Exchange appropriately. 

The Scheme shall not have exposure in fixed income securities in excess of 30% of the net assets in any sector as per sectoral classification as prescribed by AMFI. It will also ensure that total exposure of debt schemes of mutual funds in a particular sector (excluding investments in Bank Certificate of Deposits (CDs), Collateralized Borrowing & Lending Obligations (CBLO), Government Securities (G-Secs), Treasury Bills (TBills) and AAA rated securities issued by Public Financial Institutions and Public Sector Banks) shall not exceed 30% of the net assets of the scheme. An additional exposure to financial services sector (over and above the limit of 30%) not exceeding 10% of the net assets of the scheme shall be allowed by way of increase in exposure to Housing Finance Companies (HFCs) only. 

News Source – NAV INDIA.


5.Mutual funds make small purchases

Mutual funds (MFs) bought shares worth a net Rs 1.20 crore on Friday, 15 February 2013, compared with outflow of Rs 12.30 crore on Thursday, 14 February 2013. 

The net inflow of Rs 1.20 crore on Friday, 15 February 2013, was a result of gross purchases Rs 338.60 crore and gross sales Rs 337.40 crore. The BSE Sensex had shed 29.03 points or 0.15% to settle at 19,468.15 on that day, its lowest closing level since 11 February 2013.


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