1.Axis MF declares dividend under Fixed Term Plan-Series 39 (31 days)
Axis Mutual Fund (MF) has declared dividend under the direct plan-dividend option and dividend option of Axis Fixed Term Plan-Series 39 (31 days) under Axis Fixed Term Plan-Series 37-41, a close-ended debt scheme. The record date for dividend is October 17, 2013.
The quantum of dividend will be entire distributable surplus on the record date on the face value of Rs 10 per unit. The investment objective of the Scheme is 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 – INDIAN COMMODITY.
UTI Mutual Fund has announced dividend under the dividend option of UTI M Interval Fund Sr 1 Inst-D, UTI M Interval Fund Sr 1 Ret Direct-D and UTI M Interval Fund Sr 1 Ret-D.
The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as October 21, 2013.
News Source – VALUE RESEARCHONLINE.
Tata Mutual Fund has announced the following changes with effect from 16 October 2013. Mr Murthy Nagarajan has ceased to be the fund manager for Tata Balanced Fund (Debt Portfolio), Tata Floating Rate Fund – Long Term Plan, Tata Income Plus Fund, Tata Dynamic Bond Fund, Tata Liquidity Management Fund, Tata Fixed Income Portfolio Fund Scheme A1, A2, A3, B2, B3, C2, C3, Tata Money Market Fund, Tata Treasury Manager Fund, Tata Gilt Mid Term Fund, Tata Fixed Tenure Fund – Series 2 (Scheme A & B), Tata SIP Fund – Series 3 (Debt Portfolio), Tata Fixed Maturity Plan Series 38 – Scheme B & E, Tata Fixed Maturity Plan Series 39 – Scheme J, Tata Retirement Savings Fund (Debt Portfolio), Tata Monthly Income Fund (Debt Portfolio).
News Source – NAV INDIA.