Latest Indian Mutual Fund News | 13-Nov-2013
1.Franklin Asian Equity Fund announces dividend
Franklin Templeton Mutual Fund has announced dividend at Rs 0.974 per unit under Franklin Asian Equity Fund-D and Franklin Asian Equity Fund Direct-D. The record date has been fixed as November 15, 2013.
News Source – VALUE RESEARCH ONLINE.
Principal Mutual Fund has announced that the Systematic Investment Plan (SIP) facility shall be available under Principal Cash Management Fund and Principal Retail Money Manager Fund post 3 pm effective 13 November 2013. Investors/unitholders can opt to invest a specified amount subject to a minimum of six instalments of Rs 500 each. The cut-off timing provisions as disclosed in SID and applicable for the transaction in the schemes shall also be applicable for investment(s) made in the schemes through SIP facility.
News Source – NAV INDIA.
Mutual funds (MFs) sold shares worth a net Rs 192.60 crore on Friday, 8 November 2013, higher than net outflow of Rs 91.30 crore on Thursday, 7 November 2013.
The net outflow of Rs 192.60 crore on Friday, 8 November 2013, was a result of gross purchases of Rs 260.30 crore and gross sales of Rs 452.90 crore. The S&P BSE Sensex had shed 156.62 points or 0.75% to settle at 20,666.15 on that day, its lowest closing level since 28 October 2013. Mutual funds have sold shares worth a net Rs 891.50 crore in November 2013 so far (till 8 November 2013).
News Source – INDIA INFOLINE.
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