Latest Indian Mutual Fund News | 28-Jan-2014

1.Reliance Small Cap Fund Announces Dividend

Reliance Mutual Fund has announced 31 January 2014 as the record date for declaration of dividend under the dividend plan and direct plan-dividend plan of Reliance Small Cap Fund. The amount of dividend will be Rs 1.00 per unit on the face value of Rs 10 per unit.

News Source – NAV INDIA.

2.Edelweiss Absolute Return Fund announces dividend

Edelweiss Mutual Fund has announced 31 January 2014 as the record date for declaration of dividend under the dividend option of Edelweiss Absolute Return Fund, an equity-oriented scheme. The amount of dividend will be Re 0.22 per unit on the face value of Rs 10 per unit.

News Source – NAV INDIA.

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3.Principal MF introduces Daily and Weekly frequency for STP facility and change in name of Principal Index Fund

Principal Mutual Fund has decided to introduce Daily and Weekly frequency for Systematic Transfer Plan in all the open ended schemes. The facility will be available from February 01, 2014. The fund house has also decided to change the name of Principal Index Fund to Principal Index Fund- Nifty, with effect from February 01, 2014. Except from name, all other features remain unchanged.

News Source – VALUE RESEARCH ONLINE.

4.Deutsche MF introduces Systematic Investment Plan Facility and changes exit load

Deutsche Mutual Fund has announced the introduction of Systematic Investment Plan (SIP) facility in DWS Alpha Equity Fund, DWS investment Opportunity Fund, DWS Tax Savings Fund, DWS Global Agribusiness Offshore Fund, DWS Top Euroland Offshore Fund, DWS Income Advantage Fund, DWS Twin Advantage Fund, DWS Premier Bond Fund, DWS Short Maturity Fund and DWS Inflation Indexed Bond Fund. The minimum SIP daily installment will be Rs 300. The frequency of SIP will be 2 months. The fund house also revised the load structure of DWS Inflation Indexed Bond Fund to 1.5 per cent for redemption within 1 year, against the previous 1 per cent for redemption within 180 days.

News Source – VALUE RESEARCH ONLINE.






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