Latest Indian Mutual Fund News | 05-Mar-2013

DIVIDEND

1.Franklin Templeton announces dividend in India Flexi Cap Fund

Franklin Templeton Investments (India) has announced tax-free dividends in its fund-Franklin India Flexi Cap Fund (FIFCF). All investors registered in the dividend plan/option as on March 8, 2013 will receive this tax-free dividend. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable). 

The record date for the dividend is March 8, 2013 and any purchases on or before this date will be eligible for the dividend. Under the dividend reinvestment plan, the dividend declared will be reinvested in the Fund at the NAV of March 11, 2013 and unit holders will be allotted additional units for the dividend amount.

News Source – INDIA INFOLINE.

 

2.Sahara Mutual Fund declares Tax-Free Dividend

Sahara Mutual Fund has declared Rs 2.50 per unit dividend under Sahara Wealth Plus Fund and Rs 2.00 per unit dividend under Sahara Tax Gain Fund. The Dividend is Tax Free in the hands of the investors. The record date for the purpose of dividend payout is 07/03/2013.


All the unit holders/ beneficial owners under the dividend option of the scheme whose name appears in the register of unit holders as at the close of business hours on the record date are entitled to dividend. The re-investment in units of the dividend amount, if opted for reinvestment will be done on the day immediately after the record date at ex-dividend NAV of record date. Past performance may or may not be sustained in future. Pursuant to the payment of dividend, the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy, if any.

News Source – INDIA INFOLINE.

 

3.Canara Robeco Equity Tax Saver Fund announces dividend

Canara Robeco Mutual Fund has announced 08 March 2013 as the record date for declaration of dividend under the dividend option of Canara Robeco Equity Tax Saver Fund. The amount of dividend will be Rs 1.50 per unit. 

News Source – NAV INDIA.

 

GENERAL

4.Reliance Mutual Fund announces changes. Modification under turnaround time for SIP and Invest Easy-Individual products

Reliance Mutual Fund has announced Modification under turnaround time for Systematic Investment Plan (SIP) and Invest Easy-Individual special products with immediate effect. Accordingly, the revised provision will be: 

SIP: The unit holder is however free to discontinue from the SIP facility at any point of time by giving necessary written instructions at least 21 business days prior to the next due date of the SIP. 
Invest Easy-Individual: Incase the investor wishes to cancel the Invest Easy-Individual-Mandate for purchase / SIP through Invest Easy facility. Investor will have to submit an Invest Easy cancellation form 21 business days prior to discontinue the Mandate. 

News Source – NAV INDIA.



 

NEW FUND OFFER

5.UTI MF Launches UTI Fixed Term Income Series XIV – V (366 Days)

UTI Mutual Fund has announced the new fund offer (NFO) of UTI Fixed Term Income Series XIV – V (366 Days). The scheme will be open for subscription from March 4, 2013 to March 8, 2013. 

This scheme will mature on March 12, 2013.

News Source – VALUE RESEARCH ONLINE.

 

6.DWS FMP Series 26: Extension of NFO Period

Deutsche Mutual Fund has extended the new fund offer (NFO) period of DWS FMP Series 26. Now, the scheme will remain open to March 11, 2013.

News Source – VALUE RESEARCH ONLINE.

 

NEW FUND LAUNCH

7.Baroda Pioneer Fixed Maturity Plan – Series A Float on. NFO remains open only on 04 March 2013

Baroda Pioneer Mutual Fund has launched a new fund named as Baroda Pioneer Fixed Maturity Plan – Series A, a close ended debt scheme with duration of 366 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription only on 04 March 2013. 

The investment objective of the scheme is to generate regular returns by investing in a portfolio comprising of Debt Instruments and Money Market Instruments maturing on or before the maturity of the scheme. 
The scheme offers growth & dividend payout option. 
The scheme would allocate up to 100% of assets in domestic debt instruments & money market instruments with low to medium risk profile. The scheme will not invest in securitized debt. 

News Source – NAV INDIA.

 

8.Axis Fixed Term Plan – Series 37-41 Files Offer Document with Sebi

Axis Mutual Fund has filed offer document with Sebi to launch Axis Fixed Term Plan – Series 37-41, a close-ended debt scheme. The New Fund Offer price is Rs 10 per unit. The tenure of the plans will be 1 month to 60 months from the date of allotment of the respective Plans (including the date of allotment). 

Investment objective: The plan(s) of the scheme will endeavor to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan(s).

News Source – INDIA INFOLINE.
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