Latest Indian Mutual Fund News | 02-Jan-2014

1.Axis MF introduces Fixed Term Plan-Series 47 (483 days)

Axis Mutual Fund has launched the New Fund Offer (NFO) of Axis Fixed Term Plan-Series 47 (483 days), a Close Ended Income scheme. The NFO opens for subscription on Jan 1, 2014, and closes on Jan 8, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs.10 thereafter.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Kedar Karnik.

News Source – INDIAN COMMODITY.

DIVIDEND

2.Reliance Quarterly Interval Series I declares dividend

Reliance Mutual Fund has announced dividend under the dividend option of Reliance Q Interval Series I Retail-D, Reliance Q Interval Series I Inst-D and Reliance Q Interval Series I Retail Direct-D. The quantum of dividend shall be Rs 0.0001 per unit. The record date has been fixed as January 6, 2014.

News Source – VALUE RESEARCH ONLINE.



3.Tata Balanced Fund declares dividend

Tata Mutual Fund has announced dividend under the dividend option of Tata Balanced Plan A-DM and Tata Balanced Direct-DM. The quantum of dividend shall be Rs 0.25 per unit. The record date has been fixed asJanuary 6, 2014.

News Source – VALUE RESEARCH ONLINE.

4.Canara Robeco MF caps threshold limit of the dividend payout option

Investors who have opted for the ‘dividend payout’ option in open-ended schemes of Canara Robeco Mutual Fund should take note of the following change. If the dividend amount payable to unit holders under the option is less than Rs 250 in a folio, and where the bank account details or the facility of electronic transfer is not available to the investor’s bank account, the amount will be reinvested in the dividend reinvestment option of the scheme. The AMC will send an account statement to the investors whenever such a transaction is processed. The change will be effective from January 1, 2014.

News Source – VALUE RESEARCH ONLINE.

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