Latest Indian Mutual Fund News | 29-Mar-2013

DIVIDEND

1.LIC Nomura MF FMP-52 announces dividend. Record date for dividend is 1 April 2013

LIC Nomura Mutual Fund has announced 1 April 2013 as the record date for declaration of dividend under LIC Nomura MF FMP-52. The rate of dividend per unit will be entire distributable surplus as on the record date on the face value of Rs 10 per unit.

News Source – INDIA INFOLINE.

NEW FUND LAUNCH

2.Canara Robeco Agribusiness Fund Files Offer Document with Sebi

Canara Robeco Mutual Fund has filed offer document with Sebi to launch Canara Robeco Agribusiness, an open ended equity scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: The investment objective of the fund would be to generate long term capital appreciation from a diversified portfolio of companies focusing on food & agricultural space. However, there can be no assurance that the investment objective of the scheme will be realized.
Options: The Scheme offers Growth Option and Dividend Option (Dividend Re-investment and Dividend payout)



News Source – NAV INDIA.

3.Pramerica Diversified Equity Fund Files Offer Document with Sebi

Pramerica Mutual Fund has filed offer document with Sebi to launch Pramerica Diversified Equity Fund, an open ended equity scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: To generate income & capital appreciation by predominantly investing in an actively managed diversified portfolio of equity & equity related instruments including derivatives.
Options: The Scheme offers Growth Option and Dividend Option. Dividend option has the following three facilities, Dividend Re-investment facility, Dividend payout facility and dividend transfer facility.
Benchmark: The scheme’s performance will be benchmarked against the S&P BSE 100.

News Source – NAV INDIA.

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