Latest Indian Mutual Fund News | 28-Dec-2013



1.Reliance Fixed Horizon Fund-XXII Series 35 announces dividend

Reliance Mutual Fund has announced 30 December 2013 as the record date for declaration of dividend under dividend payout option of Reliance Fixed Horizon Fund-XXII Series 35. The amount of dividend on the face value of Rs 10 per unit will be entire distributable surplus available in the scheme as on the record date.

News Source – NAV INDIA.

2.Religare Invesco Fixed Maturity Plan-Series XIX-Plan F (370 Days) announces dividend

Religare Mutual Fund has announced 30 December 2013 as the record date for declaration of dividend under dividend option and direct plan-dividend option of Religare Invesco Fixed Maturity Plan-Series XIX-Plan F (370 Days), a close ended debt scheme. The amount of dividend on the face value of Rs 10 per unit will be: Individuals & HUFs: Rs 0.0369 per unit, others: Rs 0.0353 per unit.

News Source – NAV INDIA.

3.Tata Fixed Income Portfolio Scheme B3 declares dividend

Tata Mutual Fund has announced dividend under the dividend option of Tata Fixed Income Portfolio Scheme B3 Plan A-DQ and Tata Fixed Income Portfolio Scheme B3 Reg-DQ. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as December 31, 2013.

News Source – VALUE RESEARCH ONLINE.



DIVIDEND

4.UTI Fixed Term Income Fund – Series XIII – II (368 Days) Announces Dividend

UTI Mutual Fund has announced 30 December 2013 as the record date for declaration of dividend on the face value of Rs 10 per unit under UTI-Fixed Term Income Fund- Series XIII – II (368 Days). The quantum of dividend will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.

News Source – NAV INDIA.

GENERAL

5.Change in load structure of Edelweiss Diversified Growth Equity Top 100 Fund

Edelweiss Mutual Fund revised the exit load of Edelweiss Diversified Growth Equity Top 100 Fund to 1 per cent for redemptions within 545 days, against the previous 3 per cent for redemptions within 365 days. The change will be effective from December 27, 2013.

News Source – VALUE RESEARCH ONLINE.

6.Mutual funds in buying mode

Mutual funds (MFs) bought shares worth a net Rs 194 crore on Tuesday, 24 December 2013, compared with inflow of Rs 245.30 crore on Monday, 23 December 2013. The stock market was closed on Wednesday, 25 December 2013, on account of Christmas.
The net inflow of Rs 194 crore on Tuesday, 24 December 2013, was a result of gross purchases of Rs 484.10 crore and gross sales of Rs 290.20 crore. The S&P BSE Sensex had lost 68.32 points or 0.32% to settle at 21,032.71 on that day, its lowest closing level since 19 December 2013. Mutual funds have sold shares worth a net Rs 551.90 crore in this month so far (till 24 December 2013).

News Source – NAV INDIA.
Latest Indian Mutual Fund News | 28-Dec-2013
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