1.Reliance Yearly Interval Fund Series 5 Announces dividend

Reliance Mutual Fund has announced 25 March 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under Dividend Plan & Direct Plan-Dividend Plan of Reliance Yearly Interval Fund Series 5. The amount of dividend will be Rs 0.0001 per unit under each plan / option.

News Source – NAV INDIA.

GENERAL

2.DWS Ultra Short Term Fund Announces Bonus Units

Deutsche Mutual Fund has announced 25 March 2014 as the record date for declaration of bonus units under the Annual Bonus option of DWS Ultra Short Term Fund-Direct Plan. The bonus units on the face value of Rs 10 per unit will be 0.50 units for every unit held.

News Source – NAV INDIA.

NEW FUND LAUNCH

3.BOI AXA Mutual Fund files offer document for Fixed Maturity Plan-Series 15 to 17

BOI AXA Mutual Fund has filed offer document with SEBI to launch a close-ended Income Scheme named as “BOI AXA Fixed Maturity Plan – Series 15 to 17”. The New Fund Offer price is Rs 10 per unit.

Entry and exit load charges will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.

The scheme will be benchmarked against the following; For Schemes having maturity of upto 3 months: CRISIL Liquid Fund Index, For Schemes having maturity of more than 3 months up to 36 months: CRISIL Short Term Bond Fund Index, and for Schemes having maturity of more than 36 months up to 60 months: CRISIL Composite Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

News Source – INDIAN COMMODITY.



DIVIDEND

4.Reliance Interval Fund I Half Yearly Interval Series 2 announces dividend at Rs 0.0001 per unit

Reliance Mutual Fund has announced dividend under the dividend option of Reliance Interval Fund I HY Interval Series 2-D and Reliance Interval Fund I HY Interval Series 2 Direct-D. The quantum of dividend shall be Rs 0.0001 per unit. The record date has been fixed as March 26, 2014.

News Source – VALUE RESEARCH ONLINE.

 

5.Pramerica Credit Opportunities Fund announces dividend at Rs 25 per unit

Pramerica Mutual Fund has announced dividend under the following schemes: Pramerica Credit Opportunities-D- 25; Pramerica Short Term Income- DQ- 20; Pramerica Dynamic Bond – DQ- 2.5. The record date has been fixed as March 26, 2014.

News Source – VALUE RESEARCH ONLINE.

 

GENERAL

6.Mutual funds continue selling

Mutual funds (MFs) sold shares worth a net Rs 354 crore on Thursday, 20 March 2014, higher than net outflow of Rs 311 crore on Wednesday, 19 March 2014.
The net outflow of Rs 354 crore on Thursday, 20 March 2014, was a result of gross purchases of Rs 345.70 crore and gross sales of Rs 699.70 crore. The S&P BSE Sensex had lost 92.77 points or 0.42% to settle at 21,740.09 on that day, its lowest closing level since 6 March 2014. Mutual funds have sold shares worth a net Rs 3198 crore in this month so far (till 20 March 2014).

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 23-Mar-2014
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