Latest Indian Mutual Fund News | 23-Jan-2014

1.Karvy Computershare launches Smartphone app for mutual fund investors. First of its kind application for MF investors

With smartphones and tablets on the rise, and the future looking to shift from desktop to mobile and tablet platforms, accessing investment information through mobile devices would hold the key to the future. KTrack, Karvy Computershare’s new smartphone application provides quick and simple access to such information to investors.

KTrack is free and available on Android, iOS and Blackberry platforms, providing investors with instant investment updates on their mobile devices. ’60-70 percent of the calls that we receive from investors are about information regarding their investment value. To cater to the increasing expectations of investors and to serve them better we, at Karvy Computershare, have been coming up with various solutions. KTrack is a pioneering innovation in this regard. Through this application, investors can check the value of their investments in an instant, access their account balances, know the current valuation, get a summary of all their investments, and access a host of other things,’ said Mr. V. Ganesh, CEO, Karvy Computershare. ‘Our efforts to provide thought leadership and our understanding of market needs, has helped us drive this innovative solution, among others,’ he added.
KTrack is a first-of-its-kind application targeted towards mutual fund investors. Although there are applications, which cater to particular funds, there are no apps in the market by mutual fund registrars that investors can use to check their investment data across funds. KTrack is unique in this regard.

‘Technology is going to be the cornerstone of mutual fund business in the future with more emphasis on mobile delivery platforms,’ said Mr. Sridhar Kakarala, Chief Information Officer, Karvy Computershare. ‘Ease of access to information, with all the security measures in place, was a major issue for the industry. Even now, many potential investors decide to invest in assets other than mutual funds just because the whole process of information gathering seems a cumbersome and time consuming task to them. Well, I want to tell the investor community that they should definitely try KTrack. Moreover, it is as secure as transacting on desktop platforms,’ Mr. Kakarala added.

‘We have built a whole lot of exciting features around this app and will continue to do so, through our investments in R&D. The idea is to render sheer convenience and cost effectiveness,’ Mr. Ganesh said.

Please find the download links below:

Download on Google Play

Download on App Store


2.Mirae Asset India-Opportunities Fund announces dividend. Record date for dividend is 27 January 2014

Mirae Asset Mutual Fund has announced 27 January 2014 as the record date for declaration of dividend under the regular plan- dividend option of Mirae Asset India-Opportunities Fund, an open ended equity oriented scheme. The quantum of dividend will be Rs 1.20 per unit (subject to availability of distributable surplus as on record date) on the face value of Rs 10 per unit.

News Source – NAV INDIA.


2.Tata Pure Equity Fund announces dividend

Tata Mutual Fund has announced 27 January 2014 as the record date for declaration of dividend under the dividend option of Plan A and Direct Plan under Tata Pure Equity Fund. The amount of dividend will be Rs 2.00 per unit under each plan on the face value of Rs 10 per unit.

News Source – NAV INDIA.


3.Reliance Yearly Interval Series I declares dividend

Reliance Mutual Fund has announced dividend under the dividend option. The quantum of dividend shall be Rs 0.8457 per unit under Reliance Yearly Interval Series I-D and Rs 0.8507 per unit under Reliance Yearly Interval Series I Direct-D. The record date has been fixed as January 27, 2014.



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