Latest Indian Mutual Fund News | 10-Oct-2013

1.UTI Fixed Income Interval Fund Plan III declares dividend

UTI Mutual Fund has announced dividend under the dividend option of UTI Annual Interval Fund Sr III Reg. The quantum of dividend shall be the entire distributable surplus as on record date.
The record date has been fixed as October 14, 2013.



2.Mutual funds continue sales

Mutual funds (MFs) sold shares worth Rs 164.20 crore on Tuesday, 8 October 2013, compared with net outflow of Rs 3.20 crore on Monday, 7 October 2013.
The net outflow of Rs 164.20 crore on Tuesday, 8 October 2013, was a result of gross purchases of Rs 252.30 crore and gross sales of Rs 416.40 crore. The S&P BSE Sensex advanced 88.51 points or 0.44% to settle at 19,983.61 on that day, its highest closing level since 20 September 2013. Mutual funds have sold shares worth a net Rs 525.99 crore in October 2013 so far (till 8 October 2013).

News Source – NAV INDIA.


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