Latest Indian Mutual Fund News

NEW FUND OFFER

1.Tata Fixed Maturity Plan Series 42 – Scheme I Floats On. NFO period is from 20 June to 25 June 2013

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 42 Scheme I, a close-ended debt scheme with the duration of 371 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue which is open for subscription from 20 June will close on 25 June 2013
The investment objective of each scheme is to generate income and / or capital appreciation by investing in wide range of Debt and Money Market instruments having maturity in line with the maturity of the respective schemes.

News Source – NAV INDIA.

DIVIDEND

2.Canara Robeco Interval Scheme – Series 2 Announces Dividend

Canara Robeco Mutual Fund has announced 25 June 2013 as the record date for declaration of dividend on the face value of Rs 10 per unit under the retail and regular plan of Canara Robeco Interval Scheme – Series 2 – Quarterly Plan 2.
The quantum of dividend will be 100% of distributable surplus as on the record date.

News Source – NAV INDIA.

3.BOI AXA Mutual Fund Announces Dividend Under Two Schemes

BOI AXA Mutual Fund has announced 25 June 2013 as the record date for declaration of dividend under the quarterly dividend options of the following schemes. The quantum of dividend on the face value of Rs 10 per unit will be:
BOI AXA Short Term Income Fund-Regular Plan & Direct Plan: Rs 0.20 per unit. BOI AXA Regular Return Fund:
Eco Plan – Quarterly dividend option: Rs 0.16 per unit. Regular Plan – Quarterly dividend option: Rs 0.40 per unit. Regular Plan – Annual dividend option: Rs 0.50 per unit

News Source – NAV INDIA.

4.Axis Mutual Fund announces dividend under Axis Fixed Term Plan-Series 34 (392 days)

Axis Mutual Fund has announced 25 June 2013 as the record date for declaration of dividend under dividend and quarterly dividend option of Axis Fixed Term Plan-Series 34 (392 days) under Axis Fixed Term Plan-Series 32-36, a close ended debt scheme. The quantum of dividend on the face value of Rs 10 per unit will be Rs 0.20 per unit.

News Source – INDIA INFOLINE.



GENERAL

5.Pramerica Short Term Income Fund announces change in exit load

Pramerica Mutual Fund has announced change in exit load structure under Pramerica Short Term Income Fund, with effect from 21 June 2013. Accordingly, the revised exit load will be nil.
The aforesaid changes in load structure shall be applicable for all prospective investments in the scheme effective from 21 June 2013. Investments made prior to 21 June 2013 would continue to attract the load structure which was applicable at the time of investment.

News Source – INDIA INFOLINE.

DIVIDEND

1.JM Financial Mutual Fund: Dividend Declaration

JM Financial Mutual Fund has announced dividend under the following schemes: JM Arbitrage Advantage-D- 0.2, JM Arbitrage Advantage Direct-D- 0.2 units. The record date has been fixed as June 24, 2013.

News Source – VALUE RESEARCH ONLINE.

2.LIC Nomura Mutual Fund announces dividend under various schemes. Record date for dividend is 25 June 2013

LIC Nomura Mutual Fund has announced 25 June 2013 as the record date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
LIC Nomura MF Monthly Income Plan-Quarterly & Direct-Quarterly (each): Individuals/HUF: 0.116891Others: 0.111949
LIC Nomura MF Bond Fund-Dividend option & Direct- Dividend option (each): Individuals/HUF: 0.233781Others: 0.223897
LIC Nomura MF G-Sec Fund-Regular (Dividend option) & Direct Regular- Dividend option (each): Individuals/HUF: 0.194818 others: 0.186581 LIC Nomura MF G-Sec Fund-PF (Dividend option): Individuals/HUF: 0.233781 others: 0.223897
LIC Nomura MF Floater MIP-Quarterly & Direct-Quarterly (each): Individuals/HUF: 0.155854 Others: 0.149265

News Source – NAV INDIA.

GENERAL

3.Reliance Dual Advantage Fixed Tenure Fund III-Plan D announces changes

Reliance Mutual Fund has decided to introduce the facility for transacting through stock exchange mechanism in Reliance Dual Advantage Fixed Tenure Fund III-Plan D, a close ended hybrid scheme. Accordingly, the details of the same shall be incorporated in the para titled special products/facilities available during the NFO of the SID/KIM of the scheme.

News Source – NAV INDIA.
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