Latest Indian Mutual Fund News | 20-Apr-2011

DIVIDEND

1.Franklin Templeton Mutual Fund announces dividend under FT India Dynamic PE Ratio Fund of Funds.

 

Franklin Templeton Mutual Fund has declared dividend under FT India Dynamic PE Ratio Fund of Funds, on the face value of Rs 10 per unit. The quantum of dividend will be Rs 0.44 per unit for Individuals & HUF and Rs 0.411 per unit for Others. FT India Dynamic PE Ratio Fund of Funds has an investment objective to provide long-term capital appreciation with relatively lower volatility through a dynamically balanced portfolio of equity and income funds. The record date for dividend declaration is 21st April 2011.

News Source – MUTUAL FUND INDIA.

GENERAL

2.The nuances between liquid and ultra short-term bond funds.

Investors use the category of mutual fund schemes called liquid funds (also known as money market funds) for short-term parking, as these funds are most stable in returns. There is another category of funds known as ultra short-term bond funds (earlier known as liquid plus), which are managed in a manner similar to liquid funds. It is necessary that investors are aware of both types of funds and their respective advantages that will aide in making informed decisions.

News Source – ECONOMIC TIMES.

NEW FUND LAUNCH

3.ING OPTIMIX FINANCIAL PLANNING FUND.

 

ING Mutual Fund has launched ING OPTIMIX FINANCIAL PLANNING FUND, an open ended Fund of Funds – Domestic scheme. The new issue is open for subscription from 19th April and closes on 3rd May 2011.

News Source – AMFI INDIA.

 

NEW FUND OFFER

1.Union KBC Equity Fund file offer document with SEBI.

 

Union KBC Mutual Fund files offer document with Securities and Exchange Board of India (Sebi) to launch Union KBC Equity Fund, an open ended equity schemes. The New Fund Offer price is Rs 10 per unit. To achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities.

News Source – NAV INDIA.

GENERAL

2.UTI MF Prepones NFO Closure Period for FMP- Yearly Series – YFMP 04-11.

 

UTI Mutual fund declared the change in closing date for its new fund offer (NFO), named as UTI – Fixed Maturity Plan – Yearly Series (YFMP 04-11). The closing date has been changed to 25th April 2011 from 30th April 2011; the offer is open for sale from 18th April 2011. The scheme is a close-ended umbrella income scheme.

News Source – MONEY REDIFF.

NEW FUND OFFER

1.Religare Gold Fund files offer document with SEBI.

 

Religare Mutual Fund files offer document with Securities and Exchange Board of India (Sebi) to launch Religare Gold Fund, an open ended fund of fund schemes. The New Fund Offer price is Rs 10 per unit. To provide returns that closely corresponds to returns provided by Religare Gold Exchange Traded Fund.

News Source – NAV INDIA.

DIVIDEND

2.UTI MF declares dividend for UTI Fixed Maturity Plan.

 

UTI Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of (YFMP 03/10), a close ended umbrella income scheme. The record date for dividend has been fixed as April 25, 2011. The quantum of dividend will be 100% of distributable surplus as on the record date.

News Source – LIVE MINT.

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