SBI Mutual Fund launches new Close Ended Scheme 14/05/2015

SBI Mutual Fund launches new Close Ended Scheme
14/05/2015 10:30
SBI Mutual Fund has launched a new close ended debt scheme named “SBI DEBT FUND SERIES B - 17 (1100 DAYS)” with maturity period of 1100 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on May 14 and will close on May 18.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. Rajeev Radhakrishnan will be the fund manager of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to provide regular income and capital growth with limited interest rate risk to the investors will be met by investing in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. Hence, the scheme will allocate 60 to 100 per cent of asset in Debt Instruments and 0 to 40 per cent of asset in Money Market Securities.

Dividend announced by ICICI Prudential Mutual Fund 14/05/2015

Dividend announced by ICICI Prudential Mutual Fund
14/05/2015 10:29
ICICI Prudential Mutual Fund has announced 0.36 per cent dividend under dividend payout option of scheme named as “ICICI Prudential FMP S 74 - 369 Days Plan I” on the face value of Rs 10 per unit.
The record date for the dividend is May 12. The latest NAV of the scheme is Rs 10.93.
The investment objective of the close ended debt scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Rohan Maru is the fund manager of the scheme.

L&T Mutual Fund declares 0.01% dividend 14/05/2015

L&T Mutual Fund declares 0.01% dividend
14/05/2015 10:28
L&T Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “L&T Cash Fund” on the face value of Rs 1000 per unit.
The record date for the dividend is May 12. The latest NAV of the scheme is Rs 1023.30.
The investment objective of the open ended liquid fund scheme is to deliver reasonable returns with lower volatility and higher liquidity through a portfolio of debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Vikram Chopra is the fund manager of the scheme.

Dividend declared under Tata Floating Rate Fund - Long Term 14/05/2015

Dividend declared under Tata Floating Rate Fund - Long Term
14/05/2015 10:27
Tata Mutual Fund has announced 0.1016 per cent dividend under dividend payout option of scheme named as “ Tata Floating Rate Fund - Long Term” on the face value of Rs 1000 per unit.
The record date for the dividend is May 11. The latest NAV of the scheme is Rs 1018.34.
The investment objective of the open ended debt scheme is to generate stable returns with a low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

6.69% Div announced by Birla Sun Life Mutual Fund 14/05/2015

6.69% Div announced by Birla Sun Life Mutual Fund
14/05/2015 10:26
Birla Sun Life Mutual Fund has announced 6.69 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Fixed Term Plan - Series LK” on the face value of Rs 10 per unit.
The record date for the dividend is May 12. The latest NAV of the scheme is Rs 163.69.
The investment objective of the close ended debt scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Kaustubh Gupta is the fund manager of the scheme.

Reliance Mutual Fund launches new open ended scheme 13/05/2015

Reliance Mutual Fund launches new open ended scheme
13/05/2015 09:42
Reliance Mutual Fund has launched a new open ended equity scheme named “Reliance Equity Savings Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on May 12 and will close on May 26, the scheme will reopen on or before June 08. According to the offer document filed with SEBI, the entry load is not applicable. The exit load will be 1 per cent on or before 1 year and nil after 1 year from the date of allocation. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, Bonus and Dividend option. The performance of the scheme will be benchmarked against 40 per cent of Crisil Liquid Fund Index, 30 per cent of Crisil Short Term Bond Fund Index and 30 per cent in CNX Nifty. Sanjay H. Parekh, Anju Chajjer and Jahnvee Shah will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by investing in arbitrage opportunities & pure equity investments along with investments in debt securities & money market instruments. Hence, the scheme will allocate 65 to 90 per cent of assets in Equity and Equity related Instruments, 25 to 70 per cent of assets in Derivatives including index futures, 20 to 40 per cent of assets in Unhedged Equity Position and 10 to 35 per cent of assets in Debt and Money Market Instruments.

Dividend announced by ICICI Prudential Mutual Fund 13/05/2015

Dividend announced by ICICI Prudential Mutual Fund
13/05/2015 09:41
ICICI Prudential Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Money Market Fund - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend is May 10. The latest NAV of the scheme is Rs 100.11. The investment objective of the open ended liquid fund scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market securities. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Manish Banthia is the fund manager of the scheme.

L&T Mutual Fund declares 4.15% dividend 13/05/2015

L&T Mutual Fund declares 4.15% dividend
13/05/2015 09:40
L&T Mutual Fund has announced 4.15 per cent dividend under dividend payout option of scheme named as “L&T FMP - Series X - Plan H” on the face value of Rs 10 per unit. The record date for the dividend is May 11. The latest NAV of the scheme is Rs 10. The investment objective of the close ended debt scheme is to achieve growth of capital through investments made in a basket of debt/ fixed income securities (including money market instruments) maturing on or before the maturity of the Scheme. The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Shobheta Manglik is the fund manager of the scheme.

Dividend declared by Tata Mutual Fund 13/05/2015

Dividend declared by Tata Mutual Fund
13/05/2015 09:40
Tata Mutual Fund has announced 6.71 per cent dividend under dividend payout option of scheme named as “Tata Fixed Maturity Plan Series 47 - Scheme I” on the face value of Rs 10 per unit. The record date for the dividend is May 11. The latest NAV of the scheme is Rs 10. The investment objective of the close ended debt scheme is to generate income and / or capital appreciation by investing in wide range of Fixed Income Instruments having maturity in line with the maturity of a scheme. The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Amit Somani is the fund manager of the scheme.

0.02% Div announced by Birla Sun Life Mutual Fund 13/05/2015

0.02% Div announced by Birla Sun Life Mutual Fund
13/05/2015 09:38
Birla Sun Life Mutual Fund has announced 0.02 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Cash Plus - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend is May 10. The latest NAV of the scheme is Rs 163.69. The investment objective of the open ended liquid fund scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.

New Open Ended Scheme launched by SBI Mutual Fund 12/05/2015

New Open Ended Scheme launched by SBI Mutual Fund
12/05/2015 09:49
SBI Mutual Fund has launched a new open ended equity scheme named “SBI Equity Savings Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on May 11 and will close on May 25, the scheme will reopen on or before June 08. According to the offer document filed with SEBI, the entry load is not applicable, while exit load of 1 per cent will be charged id the scheme is redeemed within 1 year from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against 30 per cent in CNX Nifty & 70 per cent of Crisil Liquid fund Index. Neeraj Kumar and Ruchit Mehta will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity. Hence, the scheme will allocate 65 to 90 per cent of asset in Equity and Equity related Instruments including derivatives and 10 to 35 per cent of asset in Debt and Money Market Instruments.

SBI Mutual Fund declares 0.12% dividend 12/05/2015

SBI Mutual Fund declares 0.12% dividend
12/05/2015 09:48
SBI Mutual Fund has announced 0.12 per cent dividend under dividend payout option of scheme named as “SBI Magnum Insta Cash Fund - Regular Plan - Weekly Dividend” on the face value of Rs 1000 per unit. The record date for the dividend is May 08. The latest NAV of the scheme is Rs 1078.07. The investment objective of the open ended liquid fund scheme is to provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Rajeev Radhakrishnan is the fund manager of the scheme.

Dividend announced by IDFC Mutual Fund 12/05/2015

Dividend announced by IDFC Mutual Fund
12/05/2015 09:47
IDFC Mutual Fund has announced 0.1266 per cent dividend under dividend payout option of scheme named as “IDFC Cash Fund Plan A - Retail Plan - Weekly Dividend” on the face value of Rs 1000 per unit.
The record date for the dividend is May 8. The latest NAV of the scheme is Rs 1001.62.
The investment objective of the open ended liquid fund scheme is to generate optimal returns with high liquidity by investing in high quality money market and debt instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Anupam Joshi is the fund manager of the scheme

Dividend declared by Tata Mutual Fund 12/05/2015

Dividend declared by Tata Mutual Fund
12/05/2015 09:46
Tata Mutual Fund has announced 0.0164 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund Plan A” on the face value of Rs 1000 per unit.
The record date for the dividend is May 10. The latest NAV of the scheme is Rs 1001.52.
The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

0.05% Div announced by Birla Sun Life Mutual Fund 12/05/2015

0.05% Div announced by Birla Sun Life Mutual Fund
12/05/2015 09:45
Birla Sun Life Mutual Fund has announced 0.05 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Cash Plus - Retail Plan” on the face value of Rs 100 per unit.
The record date for the dividend was May 8. The latest NAV of the scheme is Rs 163.69.
The investment objective of the open ended liquid fund scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.

MFs file draft document with Sebi for 70 new launches 11/05/2015

MFs file draft document with Sebi for 70 new launches
11/05/2015 17:35
With rising demand from retail investors for mutual fund schemes, MFs have lined up 70 New Fund Offers (NFO) and have filed draft documents for them with capital markets regulator Sebi, said the media report. The documents for these 70 NFOs have been submitted with the Securities and Exchange Board of India since the beginning of this calendar year. Some of these NFOs have already been launched, while other schemes would be opened for subscription soon after the necessary clearances. Of these 70 schemes filed, four draft offers have been filed in this month so far, while nine papers submitted in April and the other 24 were filed in March, 19 in February and 13 in January. Reliance MF, LIC Nomura MF, ICICI Prudential MF, SBI MF, are among the fund houses that are offering NFOs to investors. Manufacturing, retirement, economic recovery, resurgence of the business cycle and e-commerce are some of the themes that are attracting mutual fund houses. Besides, a large number of these schemes are aimed at investment in equity and equity-related securities.

New Close Ended Scheme launched by Principal Mutual Fund 11/05/2015

New Close Ended Scheme launched by Principal Mutual Fund
11/05/2015 09:42
Principal Mutual Fund has launched a new close ended debt scheme named “Principal Pnb Fixed Maturity Plan Series B23” with maturity period of 1099 days from and including the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on May 08 and will close on May 14. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Pankaj Jain will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to build an income oriented portfolio and generate returns will be met by investing in Debt/Money Market Instruments and Government Securities. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Instruments and government securities and 0 to 20 per cent of asset in Money Market Instruments.

Religare Invesco Mutual Fund declares 1.80% dividend 11/05/2015

Religare Invesco Mutual Fund declares 1.80% dividend
11/05/2015 09:41
Religare Invesco Mutual Fund has announced 1.80 per cent dividend under dividend payout option of scheme named as “Religare Invesco Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is May 11. The latest NAV of the scheme is Rs 13.04. The investment objective of the open ended equity diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Vetri Subramaniam is the fund manager of the scheme.

Dividend announced by HDFC Mutual Fund 11/05/2015

Dividend announced by HDFC Mutual Fund
11/05/2015 09:40
HDFC Mutual Fund has announced 6.72 per cent dividend under dividend payout option of scheme named as “HDFC FMP 367 D May 2014 - 1 - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is May 7. The latest NAV of the scheme is Rs 10. The investment objective of the close ended debt scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Shobhit Mehrotra is the fund manager of the scheme.

13.13% Dividend declared by Reliance Mutual Fund 11/05/2015

13.13% Dividend declared by Reliance Mutual Fund
11/05/2015 09:39
Reliance Mutual Fund has announced 13.13 per cent dividend under dividend payout option of scheme named as “Reliance Fixed Horizon Fund XXIII - Series 10” on the face value of Rs 10 per unit. The record date for the dividend is May 7. The latest NAV of the scheme is Rs 10. The investment objective of the close ended debt scheme is to generate returns and growth of capital by investing in a diversified portfolio of the following securities which are maturing on or before the date of maturity of the scheme with the object of limiting interest rate volatility Central and State Government securities and other fixed income/ debt securities. The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Amit Tripathi is the fund manager of the scheme.

21.97% Div announced by Birla Sun Life Mutual Fund 11/05/2015

21.97% Div announced by Birla Sun Life Mutual Fund
11/05/2015 09:38
Birla Sun Life Mutual Fund has announced 21.97 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Fixed Term Plan - Series FE” on the face value of Rs 10 per unit. The record date for the dividend is May 7. The latest NAV of the scheme is Rs 10. The investment objective of the close ended debt scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Kaustubh Gupta is the fund manager of the scheme.

MFs asset base to hit Rs 20-tn by 2018 11/05/2015

MFs asset base to hit Rs 20-tn by 2018
11/05/2015 01:38
Helped by positive market sentiments and growing interest among retail investors, mutual fund industry is tipped to achieve an investor base of 10 crore accounts in the next five years, while their asset base can touch Rs 20 crore in just about three years, said the media report. At present, the number of folios or investor accounts across the industry stands at a little over four crore, the media report added. The overall asset base of mutual funds can reach Rs 20 trillion by 2018, from about Rs 12 trillion now, top fund house Reliance Mutual Fund's CEO Sundeep Sikka told media. He said overall positive sentiments in the Indian economy, because of the government's reform initiatives and the growing confidence of retail investors would fuel the growth in asset base and folios number in the coming years. "The mutual fund industry folios number will reach to 10 crore in the next five years from four crore currently," Sikka added. The likely impressive growth in AUM to Rs 20 trillion would be accompanied by an increase in folio numbers, substantial contribution from smaller cities and a higher number of distributors, among others. Sikka, who is also the chairman of mutual fund industry body AMFI, had earlier said that the asset base will reach Rs 20 trillion mark by 2020. However, the renewed growth momentum would now help reach this target earlier by 2018 itself, he added.

New Close Ended Scheme launched by Reliance Mutual Fund 08/05/2015

New Close Ended Scheme launched by Reliance Mutual Fund
08/05/2015 09:38
Reliance Mutual Fund has launched a new close ended income scheme named “Reliance Fixed Horizon Fund XXVIII- Series 18” with maturity period of 1115 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on May 07 and will close on May 21.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Amit Tripathi will be the fund manager of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate returns and growth of capital will be met by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Instruments and government securities, 0 to 20 per cent of asset in Money Market Instruments.

Religare Invesco Mutual Fund declares 1.80% dividend 08/05/2015

Religare Invesco Mutual Fund declares 1.80% dividend
08/05/2015 09:37
Religare Invesco Mutual Fund has announced 1.80 per cent dividend under dividend payout option of scheme named as “Religare Invesco Arbitrage Fund” on the face value of Rs 10 per unit.
The record date for the dividend is May 11. The latest NAV of the scheme is Rs 12.76.
The investment objective of the open ended equity diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Vetri Subramaniam is the fund manager of the scheme.

Dividend announced by HDFC Mutual Fund 08/05/2015

Dividend announced by HDFC Mutual Fund
08/05/2015 09:36
HDFC Mutual Fund has announced 0.0820 per cent dividend under dividend payout option of scheme named as “HDFC Cash Management - Treasury Advantage Plan” on the face value of Rs 10 per unit.
The record date for the dividend is May 5. The latest NAV of the scheme is Rs 10.06.
The investment objective of the open ended liquid fund scheme is to generate regular income through investment in debt securities and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Anil Bamboli is the fund manager of the scheme.

Dividend declared under IDFC Ultra Short Term Fund 08/05/2015

Dividend declared under IDFC Ultra Short Term Fund
08/05/2015 09:35
IDFC Mutual Fund has announced 0.0041 per cent dividend under dividend payout option of scheme named as “IDFC Ultra Short Term Fund” on the face value of Rs 10 per unit.
The record date for the dividend is May 6. The latest NAV of the scheme is Rs 10.02.
The investment objective of the open ended debt short term scheme is to offer an investment avenue for short term savings by looking to generate stable returns with low risk strategy by investing in a portfolio that is invested in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Anupam Joshi is the fund manager of the scheme.

0.10% Div announced by ICICI Prudential Mutual Fund 08/05/2015

0.10% Div announced by ICICI Prudential Mutual Fund
08/05/2015 09:34
ICICI Prudential Mutual Fund has announced 0.10 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Flexible Income Plan” on the face value of Rs 100 per unit.
The record date for the dividend is May 5. The latest NAV of the scheme is Rs 105.45.
The investment objective of the open ended debt income scheme is to generate income through investments in a range of debt instruments and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Rahul Goswami is the fund manager of the scheme.

Mutual fund asset base surges 10% to Rs 11.86 lakh cr 07/05/2015

Mutual fund asset base surges 10% to Rs 11.86 lakh cr
07/05/2015 17:17
Driven by huge inflows in equity schemes and money market segment, Mutual fund (MF) industry's asset base rose nearly 10 per cent to Rs 11.86 lakh crore at the end of April 2015, said the media report. The country's 44 fund houses together saw a growth of around 10 per cent in their asset base at Rs 11,86,364 crore at the end of April 2015, according to data released by the Association of Mutual Funds in India (Amfi) on Thursday. Further, MFs' assets under management (AUM) hit a record Rs 12.02 lakh crore in February itself. Fund houses are upbeat about the industry's performance for the current fiscal (2015-16) as equity markets are expected to continue their momentum, making the segment attractive, industry insiders said. The AUM stood at Rs 10,82,757 crore at the end of March 31, 2015. Economists attributed the growth in asset base to strong inflows in equity and 'liquid' or 'money market' segments. In April, money market or liquid segment saw an inflow of Rs 1.01 lakh crore while equity funds witnessed an inflow of Rs 10,406 crore.

ICICI Prudential Mutual Fund launches new Close Ended Scheme 07/05/2015

ICICI Prudential Mutual Fund launches new Close Ended Scheme
07/05/2015 09:52
ICICI Prudential Mutual Fund has launched a new close ended income fund scheme named “ICICI Prudential Multiple Yield Fund - Series 9 - 1141 Days Plan B” with maturity period of 1141 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on May 07 and will close on May 21.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Vinay Sharma, Rahul Goswami, Chandni Gupta and Shalya Shah will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by investing in a portfolio of fixed income securities/ debt instruments and equity and equity related instruments. Hence, the scheme will allocate 65 to 95 per cent of asset in Debt Securities including government securities, 0 to 30 per cent of asset in Money Market Securities, Cash and Cash Equivalent and 5 to 35 per cent asset in Equity and Equity Related Instruments.

Tata Mutual Fund declares 6.83% dividend 07/05/2015

Tata Mutual Fund declares 6.83% dividend
07/05/2015 09:51
Tata Mutual Fund has announced 6.83 per cent dividend under dividend payout option of scheme named as “Tata Fixed Maturity Plan Series 47 - Scheme H - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend was May 5. The latest NAV of the scheme is Rs 10.
The investment objective of the close ended debt scheme is to generate income and / or capital appreciation by investing in wide range of Fixed Income Instruments having maturity in line with the maturity of a scheme.
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Amit Somani is the fund manager of the scheme.

Dividend announced by HDFC Mutual Fund 07/05/2015

Dividend announced by HDFC Mutual Fund
07/05/2015 09:50
HDFC Mutual Fund has announced 6.81 per cent dividend under dividend payout option of scheme named as “HDFC FMP 370 D April 2014 - 4 - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend was May 5. The latest NAV of the scheme is Rs 10.
The investment objective of the close ended debt scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s).
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Shobhit Mehrotra is the fund manager of the scheme.

Dividend declared under L&T Cash Fund 07/05/2015

Dividend declared under L&T Cash Fund
07/05/2015 09:49
L&T Mutual Fund has announced 0.0153 per cent dividend under dividend payout option of scheme named as “L&T Cash Fund” on the face value of Rs 1000 per unit.
The record date for the dividend is May 5. The latest NAV of the scheme is Rs 1023.30.
The investment objective of the open ended liquid fund scheme is to deliver reasonable returns with lower volatility and higher liquidity through a portfolio of debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Vikram Chopra is the fund manager of the scheme.

0.36% Div announced by ICICI Prudential Mutual Fund 07/05/2015

0.36% Div announced by ICICI Prudential Mutual Fund
07/05/2015 09:48
ICICI Prudential Mutual Fund has announced 0.36 per cent dividend under dividend payout option of scheme named as “ICICI Prudential FMP S 74 - 368 Days Plan H” on the face value of Rs 10 per unit.
The record date for the dividend was May 5. The latest NAV of the scheme is Rs 10.88.
The investment objective of the close ended debt scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Rohan Maru is the fund manager of the scheme.

New Close Ended Scheme launched by HDFC Mutual Fund 06/05/2015

New Close Ended Scheme launched by HDFC Mutual Fund
06/05/2015 10:11
HDFC Mutual Fund has launched a new close ended income scheme named “HDFC FMP 1106D May 2015 (1)” with maturity period of 1106 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on May 5 and will close on May 12. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Liquid Fund Index for plans having maturity upto 91 Days, Crisil ShortTerm Bond Fund Index for plans having maturity more than 91 Days and upto 36 months and Crisil Composite Bond Fund Index for plans having maturity more than 36 months. Shobhit Mehrotra and Rakesh Vyas will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s). Hence, the scheme will allocate 0 to 100 per cent of asset in Debt Instruments, Money Market Instrument and Government Securities for plans having tenure from 15 days to 400 Days,70 to 100 per cent of assets in Debt Instruments and Government Securities and 0 to 30 per cent of asset in Money Market Instruments for plans having tenure from 401 Days to 36 months and 80 to 100 per cent of asset in Debt Instruments and Government Securities and 0 to 20 per cent of asset in Money Market Instruments for plans having tenure above 36 months to 66 months.

Dividend declared by Tata Mutual Fund 06/05/2015

Dividend declared by Tata Mutual Fund
06/05/2015 10:10
Tata Mutual Fund has announced 0.0162 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund Plan A” on the face value of Rs 1000 per unit. The record date for the dividend is May 4. The latest NAV of the scheme is Rs 1001.52. The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

Dividend announced by L&T Mutual Fund 06/05/2015

Dividend announced by L&T Mutual Fund
06/05/2015 10:09
L&T Mutual Fund has announced 0.0657 per cent dividend under dividend payout option of scheme named as “ L&T Liquid Fund - Daily Div Reinvestment Plan” on the face value of Rs 1000 per unit. The record date for the dividend is May 4. The latest NAV of the scheme is Rs 1011.63. The investment objective of the close ended debt income scheme is to generate reasonable returns while maintaining safety and providing the investor superior liquidity by investing in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Shriram Ramanathan is the fund manager of the scheme.

Dividend declared under L&T Cash Fund 06/05/2015

Dividend declared under L&T Cash Fund
06/05/2015 10:08
L&T Mutual Fund has announced 0.0609 per cent dividend under dividend payout option of scheme named as “L&T Cash Fund” on the face value of Rs 1000 per unit. The record date for the dividend is May 4. The latest NAV of the scheme is Rs 1023.30. The investment objective of the open ended liquid fund scheme is to deliver reasonable returns with lower volatility and higher liquidity through a portfolio of debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Vikram Chopra is the fund manager of the scheme.

0.4% Div announced by JM Financial Mutual Fund 06/05/2015

0.4% Div announced by JM Financial Mutual Fund
06/05/2015 10:07
JM Financial Mutual Fund has announced 0.4 per cent dividend under dividend payout option of scheme named as “JM Arbitrage Advantage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is May 9. The latest NAV of the scheme is Rs 10.70. The investment objective of the open ended equity diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Chaitanya Choksi is the fund manager of the scheme.

Plan C of ICICI Prudential MF launched under FMP - Series 77 05/05/2015

Plan C of ICICI Prudential MF launched under FMP - Series 77
05/05/2015 11:03
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 77 - 1473 Days Plan C” with maturity period of 1473 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on May 14.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option.
The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt instruments including government securities and money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in debt instruments including government securities and 0 to 20 per cent of asset in money market instruments.

1144-days maturity period scheme launched by IDFC MF 05/05/2015

1144-days maturity period scheme launched by IDFC MF
05/05/2015 10:55
IDFC Mutual Fund has launched a new close ended income scheme named “IDFC Fixed Term Plan Series - 108 (1144 Days)” with maturity period of 1,144 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on May 7.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 10,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Anupam Joshi will be the Fund Manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of money market instruments (including CBLO) and debt securities. Hence, the scheme will allocate 0 to 20 per cent of asset in money market instruments (including CBLO) and 80 to 100 per cent of asset in debt securities.

SBI MF launches “SBI Dual Advantage Fund - Series IX”; NFO to close on May 19 05/05/2015

SBI MF launches “SBI Dual Advantage Fund - Series IX”; NFO to close on May 19
05/05/2015 10:42
SBI Mutual Fund has launched a new close ended hybrid scheme named “SBI Dual Advantage Fund - Series IX” with maturity period of 1,111 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on May 5 and will close on May 19.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Rajeev Radhakrishnan and Dharmendra Grover will be the fund managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt & debt related instruments, money market instruments and equity & equity related instruments including derivatives. Hence, the scheme will allocate 55 to 95 per cent of asset in debt & debt related instruments, 0 to 10 per cent of asset in money market instruments and 5 to 35 per cent of asset in equity & equity related instruments including derivatives.

Div declared for Reliance Yearly Interval Fund - Series 7 05/05/2015

Div declared for Reliance Yearly Interval Fund - Series 7
05/05/2015 10:33
Reliance Mutual Fund has announced 0.0007 per cent dividend under dividend payout option of scheme named as “Reliance Yearly Interval Fund - Series 7” on the face value of Rs 10 per unit.
The record date for the dividend is May 5. The latest NAV of the scheme is Rs 10.
The investment objective of the debt - income scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities which are maturing on or before the next specified transaction date of the scheme with the objective of limiting interest rate volatility Central and State Government securities and other fixed income/ debt securities.
The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Amit Tripathi is the fund manager of the scheme.

May 6 set as record date for div under “Reliance Dual Advantage FTF II - Plan C” 05/05/2015

May 6 set as record date for div under “Reliance Dual Advantage FTF II - Plan C”
05/05/2015 10:28
Reliance Mutual Fund has announced 0.7220 per cent dividend under dividend payout option of scheme named as “Reliance Dual Advantage Fixed Tenure Fund II - Plan C” on the face value of Rs 10 per unit.
The record date for the dividend is May 6. The latest NAV of the scheme is Rs 15.84.
The investment objective of the debt - income scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.
The performance of the scheme is benchmarked against Crisil MIP Blended Index. Krishan Daga is the fund manager of the scheme.

Escorts MF announces 0.66% div under Income Plan 04/05/2015

Escorts MF announces 0.66% div under Income Plan
04/05/2015 10:59
Escorts Mutual Fund has announced 0.664 per cent dividend under dividend payout option of scheme named as “Escorts Income Plan” on the face value of Rs 10 per unit.
The record date for the dividend is May 5. The latest NAV of the scheme is Rs 11.65.
The investment objective of the debt - income scheme is to generate current income and capital appreciation by predominantly investing in a well-diversified portfolio of fixed income securities with moderate risk.
The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Anuj Jain is the fund manager of the scheme.

Div declared for Reliance Yearly Interval Fund - Series 7 - DP 04/05/2015

Div declared for Reliance Yearly Interval Fund - Series 7 - DP
04/05/2015 10:54
Reliance Mutual Fund has announced 0.0007 per cent dividend under dividend payout option of scheme named as “Reliance Yearly Interval Fund - Series 7 - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is May 5. The latest NAV of the scheme is Rs 10.
The investment objective of the debt - income scheme is to generate returns and growth of capital by investing in a diversified portfolio of the following securities which are maturing on or before the next specified transaction date of the scheme with the objective of limiting interest rate volatility Central and State Government securities and other fixed income/ debt securities.
The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Amit Tripathi is the fund manager of the scheme.

Escorts MF announces 0.7% div under Income Bond 04/05/2015

Escorts MF announces 0.7% div under Income Bond
04/05/2015 10:49
Escorts Mutual Fund has announced 0.722 per cent dividend under dividend payout option of scheme named as “Escorts Income Bond” on the face value of Rs 10 per unit.
The record date for the dividend is May 5. The latest NAV of the scheme is Rs 36.51.
The investment objective of the debt - income scheme is to generate current income and capital appreciation by investing in a well-diversified portfolio of fixed income securities with moderate risk. There can be an exposure to equity and money market instruments.
The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Anuj Jain is the fund manager of the scheme.

43% div announced under IDFC Premier Equity Fund - DP 04/05/2015

43% div announced under IDFC Premier Equity Fund - DP
04/05/2015 10:44
IDFC Mutual Fund has announced 43.46 per cent dividend under dividend payout option of scheme named as “IDFC Premier Equity Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is May 6. The latest NAV of the scheme is Rs 38.85.
The investment objective of the equity - diversified scheme is to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments.
The performance of the scheme is benchmarked against BSE 500 Index (500 Cos). Kenneth Andrade is the fund manager of the scheme.

May 5 set as record date for div under “Escorts Short Term Debt Fund” 04/05/2015

May 5 set as record date for div under “Escorts Short Term Debt Fund”
04/05/2015 10:39
Escorts Mutual Fund has announced 0.794 per cent dividend under dividend payout option of scheme named as “Escorts Short Term Debt Fund” on the face value of Rs 10 per unit.
The record date for the dividend is May 5. The latest NAV of the scheme is Rs 15.06.
The investment objective of the debt - floaters scheme is to invest in various floating rate debt and money market instruments, fixed rate debt and money market instruments swapped for floating rate returns and fixed rate debt instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Anuj Jain is the fund manager of the scheme.

Mutual Fund industry SIP count up 18% in March 30/04/2015

Mutual Fund industry SIP count up 18% in March
30/04/2015 12:33
Systematic Investment Plans in mutual fund industry increased by 18 per cent in March 2015 amid strong surge in retail investor interest, said the media report. The total SIP count of the industry rose to 73.05 lakh at the end of March this year from 62.10 lakh last year, according to the latest data. SIP is mostly preferred by small investors and allows investment of a fixed and small sum on a monthly basis or other regular intervals in a mutual fund schemes. A rally in the stock markets and increased participation from retail investors has helped mutual fund industry get more investments through the systematic investment route, market insiders said. Besides, a large amount of these SIPs have been added in B-15 cities as investors from smaller towns and areas are showing great interest. B-15 Cities are smaller cities and towns beyond the top-15 cities including metros like New Delhi, Mumbai Kolkata and Chennai.

Quantum Mutual Fund launches New Open Ended Scheme 30/04/2015

Quantum Mutual Fund launches New Open Ended Scheme
30/04/2015 09:56
Quantum Mutual Fund has launched a new open ended debt scheme named “Quantum Dynamic Bond Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 29 and will close on May 13, the scheme will reopen on May 25. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 500 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Murthy Nagarajan will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by active management of a portfolio consisting of short term and long term debt and money market instruments. Hence, the scheme will allocate 25 to 100 per cent of asset in Government Bond/Bills, 0 to 50 per cent asset in PSU Bonds, 0 to 75 per cent of asset in Certificate of Deposits and Commercial Paper and 0 to 100 per cent of asset in CBLO/Repos.

Div announced under DWS Treasury Fund - Investment Plan 30/04/2015

Div announced under DWS Treasury Fund - Investment Plan
30/04/2015 09:54
Deutsche Mutual Fund has announced 0.0079 per cent dividend under dividend payout option of scheme named as “DWS Treasury Fund - Investment Plan” on the face value of Rs 10 per unit. The record date for the dividend is April 28. The latest NAV of the scheme is Rs 10.22. The investment objective of the open ended debt short term scheme is to provide liquidity and generate stable returns by investing in a mix of short term debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Rakesh Suri is the fund manager of the scheme.

Dividend declared by JM Financial Mutual Fund 30/04/2015

Dividend declared by JM Financial Mutual Fund
30/04/2015 09:53
JM Financial Mutual Fund has announced 0.0090 per cent dividend under dividend payout option of scheme named as “JM Money Manager Fund” on the face value of Rs 10 per unit.
The record date for the dividend is April 28. The latest NAV of the scheme is Rs 10.04.
The investment objective of the open ended debt short term scheme is to generate stable long term returns with low risk strategy and capital appreciation/ accretion through investments in debt instruments and related securities besides preservation of capital.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Vikas Agarwal is the fund manager of the scheme.

Dividend announced by Franklin Templeton Mutual Fund 30/04/2015

Dividend announced by Franklin Templeton Mutual Fund
30/04/2015 09:52
Franklin Templeton Mutual Fund has announced 0.0120 per cent dividend under dividend payout option of scheme named as “Franklin India Cash Management Account” on the face value of Rs 10 per unit.
The record date for the dividend is April 28. The latest NAV of the scheme is Rs 10.01.
The investment objective of the close ended liquid fund scheme is to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market and debt instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Pallab Roy is the fund manager of the scheme.

IDFC Mutual Fund declares 0.8% dividend 30/04/2015

IDFC Mutual Fund declares 0.8% dividend
30/04/2015 09:51
IDFC Mutual Fund has announced 0.8 per cent dividend under dividend payout option of scheme named as “IDFC Arbitrage Plus Fund Plan B” on the face value of Rs 10 per unit.
The record date for the dividend is April 29. The latest NAV of the scheme is Rs 12.15.
The investment objective of the open ended equity diversified scheme is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Yogik Pitti is the fund manager of the scheme.

0.67% div announced by Birla Sun Life Mutual Fund 30/04/2015

0.67% div announced by Birla Sun Life Mutual Fund
30/04/2015 09:49
Birla Sun Life Mutual Fund has announced 0.67 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Enhanced Arbitrage Fund” on the face value of Rs 10 per unit.
The record date for the dividend is April 30. The latest NAV of the scheme is Rs 10.
The investment objective of the open ended equity diversified scheme is to generate income by investing predominantly in equity and equity related instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Lovelish Solanki is the fund manager of the scheme.

Shriram A M C - Outcome of Board Meeting 29/04/2015

Shriram A M C - Outcome of Board Meeting
29/04/2015 17:16
Shriram Asset Management Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 29, 2015, inter alia, has :

1. Did not recommend any dividend for the Financial Year ended March 31, 2015.

2. Approved the increase in Authorised Share Capital of the Company to Rs. 25,00,00,000 (Rupees Twenty Five Crores) subject to the approval of the shareholders.

3. Approved the Issuance of Redeemable Non Convertible Preference Shares not exceeding Rs. 10,00,00,000 (Rupees Ten Crores) by way of Private Placement subject to approval of Shareholders.

4. Appointed Mrs. Chandana Dutt as Chief Financial Officer (CFO) of the Company.

Shriram A M C - Financial Results & Auditors Report for March 31, 2015 (Standalone) (Audited) 29/04/2015

Shriram A M C - Financial Results & Auditors Report for March 31, 2015 (Standalone) (Audited)
29/04/2015 17:14
Shriram Asset Management Company Ltd has informed BSE about the Standalone Financial Results & a copy of the Auditors Report for the period ended March 31, 2015.

ICICI Prudential Mutual Fund launches new close ended scheme 29/04/2015

ICICI Prudential Mutual Fund launches new close ended scheme
29/04/2015 09:52
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 77 - 1480 Days Plan B” with maturity period of 1480 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 29 and will close on May 07.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option.
The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Instruments including Government Securities and 0 to 20 per cent of asset in Money Market Instruments.

Div announced under Sahara Liquid Fund - Fixed Pricing 29/04/2015

Div announced under Sahara Liquid Fund - Fixed Pricing
29/04/2015 09:51
Sahara Mutual Fund has announced 0.0147 per cent dividend under dividend payout option of scheme named as “Sahara Liquid Fund - Fixed Pricing - Dividend” on the face value of Rs 1000 per unit.
The record date for the dividend is April 26. The latest NAV of the scheme is Rs 1038.57.
The investment objective of the open ended liquid fund scheme is to create a portfolio of debt and money market instruments with a view to provide high liquidity and reasonable returns.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Ashwini Kumar is the fund manager of the scheme.

Dividend declared by ICICI Prudential Mutual Fund 29/04/2015

Dividend declared by ICICI Prudential Mutual Fund
29/04/2015 09:50
ICICI Prudential Mutual Fund has announced 0.0460 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Interval Fund - Monthly Interval Plan - 1” on the face value of Rs 10 per unit.
The record date for the dividend is April 27. The latest NAV of the scheme is Rs 10.
The investment objective of the interval debt income scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Aditya Pagaria is the fund manager of the scheme.

Dividend announced by Reliance Mutual Fund 29/04/2015

Dividend announced by Reliance Mutual Fund
29/04/2015 09:49
Reliance Mutual Fund has announced 0.7220 per cent dividend under dividend payout option of scheme named as “Reliance Dual Advantage Fixed Tenure Fund II - Plan A” on the face value of Rs 10 per unit.
The record date for the dividend is April 29. The latest NAV of the scheme is Rs 15.06.
The investment objective of the close ended debt income scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.
The performance of the scheme was benchmarked against Crisil MIP Blended Index. Krishan Daga is the fund manager of the scheme.

IDFC Mutual Fund declares 0.8% dividend 29/04/2015

IDFC Mutual Fund declares 0.8% dividend
29/04/2015 09:48
IDFC Mutual Fund has announced 0.8 per cent dividend under dividend payout option of scheme named as “IDFC Arbitrage Plus Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is April 29. The latest NAV of the scheme is Rs 12.10.
The investment objective of the open ended equity diversified scheme is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Yogik Pitti is the fund manager of the scheme.

6.73% Div announced by HDFC Mutual Fund 29/04/2015

6.73% Div announced by HDFC Mutual Fund
29/04/2015 09:47
HDFC Mutual Fund has announced 6.73 per cent dividend under dividend payout option of scheme named as “HDFC FMP 370 D April 2014 - 3” on the face value of Rs 10 per unit.
The record date for the dividend is April 27. The latest NAV of the scheme is Rs 10.
The investment objective of the close ended debt scheme is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan.
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Shobhit Mehrotra is the fund manager of the scheme.

New close ended scheme launched by ICICI Prudential Mutual Fund 28/04/2015

New close ended scheme launched by ICICI Prudential Mutual Fund
28/04/2015 09:50
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 77 - 1132 Days Plan A” with maturity period of 1132 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 28 and will close on May 05. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Instruments including Government Securities and 0 to 20 per cent of asset in Money Market Instruments.

1% Div announced under Indiabulls Arbitrage Fund DP 28/04/2015

1% Div announced under Indiabulls Arbitrage Fund DP
28/04/2015 09:49
Indiabulls Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “Indiabulls Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is April 28. The latest NAV of the scheme is Rs 10.36. The investment objective of the open ended equity diversified scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Sumit Bhatnagar is the fund manager of the scheme.

21% dividend announced by Kotak Mahindra Mutual Fund 28/04/2015

21% dividend announced by Kotak Mahindra Mutual Fund
28/04/2015 09:48
Kotak Mahindra Mutual Fund has announced 21 per cent dividend under dividend payout option of scheme named as “Kotak Emerging Equity Scheme - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is April 28. The latest NAV of the scheme is Rs 21.59. The investment objective of the open ended equity diversified scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid and small cap companies. The performance of the scheme was benchmarked against S&P BSE Mid-Cap. Pankaj Tibrewal is the fund manager of the scheme.

Dividend announced by Reliance Mutual Fund 28/04/2015

Dividend announced by Reliance Mutual Fund
28/04/2015 09:47
Reliance Mutual Fund has announced 0.7220 per cent dividend under dividend payout option of scheme named as “Reliance Dual Advantage Fixed Tenure Fund II - Plan B” on the face value of Rs 10 per unit. The record date for the dividend is April 29. The latest NAV of the scheme is Rs 15.15. The investment objective of the close ended debt income scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure. The performance of the scheme was benchmarked against Crisil MIP Blended Index. Krishan Daga is the fund manager of the scheme.

IDFC Mutual Fund declares 0.8% dividend 28/04/2015

IDFC Mutual Fund declares 0.8% dividend
28/04/2015 09:46
IDFC Mutual Fund has announced 0.8 per cent dividend under dividend payout option of scheme named as “IDFC Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is April 29. The latest NAV of the scheme is Rs 12.79. The investment objective of the open ended equity diversified scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Yogik Pitti is the fund manager of the scheme.

0.5% Div announced by Axis Mutual Fund 28/04/2015

0.5% Div announced by Axis Mutual Fund
28/04/2015 09:45
Axis Mutual Fund has announced 0.5 per cent dividend under dividend payout option of scheme named as “Axis Enhanced Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend was April 27. The latest NAV of the scheme is Rs 10.58. The investment objective of the open ended equity diversified scheme is to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Pankaj Murarka is the fund manager of the scheme.

Edelweiss Mutual Fund launches New Open Ended Scheme 27/04/2015

Edelweiss Mutual Fund launches New Open Ended Scheme
27/04/2015 10:04
Edelweiss Mutual Fund has launched a new open ended exchange traded fund scheme named “Edelweiss Exchange Traded Scheme- Nifty (Nifty EES)”.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 24 and will close on May 5, the scheme will reopen on or before May 14.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 10,000 and in multiples of Rs 1 thereafter.
The performance of the scheme will be benchmarked against CNX Nifty Index. Ashish Sahay and Bhavesh Jain will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme will be to provide returns before expenses that closely correspond to the total returns of the CNX Nifty subject to tracking errors. Hence, the scheme will allocate 95 to 100 per cent of asset in Stocks Constituting CNX Nifty Index and 0 to 5 per cent of asset in Debt and Money Market Instruments.

1% div announced under Indiabulls Arbitrage Fund 27/04/2015

1% div announced under Indiabulls Arbitrage Fund
27/04/2015 10:01
Indiabulls Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “Indiabulls Arbitrage Fund” on the face value of Rs 10 per unit.
The record date for the dividend is April 28. The latest NAV of the scheme is Rs 10.33.
The investment objective of the open ended equity diversified scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Sumit Bhatnagar is the fund manager of the scheme.

21% dividend announced by Kotak Mahindra Mutual Fund 27/04/2015

21% dividend announced by Kotak Mahindra Mutual Fund
27/04/2015 10:00
Kotak Mahindra Mutual Fund has announced 21 per cent dividend under dividend payout option of scheme named as “Kotak Emerging Equity Scheme - Regular Plan” on the face value of Rs 10 per unit.
The record date for the dividend is April 28. The latest NAV of the scheme is Rs 21.69.
The investment objective of the open ended equity scheme is to generate long-term capital appreciation from a portfolio of equity and equity related securities, by investing predominantly in mid and small cap companies.
The performance of the scheme was benchmarked against S&P BSE Mid-Cap. Pankaj Tibrewal is the fund manager of the scheme.

L&T Mutual Fund declares 1.1% Dividend 27/04/2015

L&T Mutual Fund declares 1.1% Dividend
27/04/2015 09:59
L&T Mutual Fund has announced 1.1 per cent dividend under dividend payout option of scheme named as “ L&T India Prudence - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is April 27. The latest NAV of the scheme is Rs 18.68.
The investment objective of the open ended equity diversified scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments to help generating funds in the long term to save for the cost of children's education.
The performance of the scheme was benchmarked against BSE 200 Index (200 Cos). Vikram Chopra is the fund manager of the scheme.

Dividend declared by HDFC Mutual Fund 27/04/2015

Dividend declared by HDFC Mutual Fund
27/04/2015 09:58
HDFC Mutual Fund has announced 0.4 per cent dividend under dividend payout option of scheme named as “HDFC Arbitrage Fund - Wholesale Plan - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is April 27. The latest NAV of the scheme is Rs 10.57.
The performance of the scheme was benchmarked against S&P BSE Sensex. Anil Bamboli is the fund manager of the scheme.

0.5% Div announced under Axis Enhanced Arbitrage Fund 27/04/2015

0.5% Div announced under Axis Enhanced Arbitrage Fund
27/04/2015 09:57
Axis Mutual Fund has announced 0.5 per cent dividend under dividend payout option of scheme named as “Axis Enhanced Arbitrage Fund” on the face value of Rs 10 per unit.
The record date for the dividend is April 27. The latest NAV of the scheme is Rs 10.42.
The investment objective of the open ended equity diversified scheme is to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Pankaj Murarka is the fund manager of the scheme.

ICICI Prudential opens new branch in Tirupati 24/04/2015

ICICI Prudential opens new branch in Tirupati
24/04/2015 16:19
ICICI Prudential Mutual Fund, one of India's premiere fund houses announced that it has opened its new branch in Tirupati where it will be located in the Manoj Complex, Tirumala Bye pass Road, Maruthi Nagar, Tirupati. Raghav Iyengar, Executive Vice-President & Head (Retail & Institutional Sales), ICICI Prudential AMC said, “The launch of the branch in Tirupati further strengthens our distribution network in the State of Andhra Pradesh. This will help us provide necessary service support and facilitate better understanding of investor demands specific to the region,’’

New Close Ended Scheme launched by Reliance Mutual Fund 24/04/2015

New Close Ended Scheme launched by Reliance Mutual Fund
24/04/2015 09:39
Reliance Mutual Fund has launched a new close ended income scheme named “Reliance Fixed Horizon Fund XXVIII- Series 17” with maturity period of 1125 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 24 and will close on April 27. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Amit Tripathi will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate returns and growth of capital will be met by investing in a diversified portfolio of Central and State Government securities and Other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate. Hence, the scheme will allocate 80 to 100 per cent of asset in Government Securities and Debt Instruments and 0 to 20 per cent of asset in Money Market Instruments.

14.5% Dividend Announced by Canara Robeco Mutual Fund 24/04/2015

14.5% Dividend Announced by Canara Robeco Mutual Fund
24/04/2015 09:38
Canara Robeco Mutual Fund has announced 14.5 per cent dividend under dividend payout option of scheme named as “Canara Robeco Balance - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is April 24. The latest NAV of the scheme is Rs 82.40. The investment objective of the open ended equity scheme is to generate long term capital appreciation and / or income from a portfolio constituted of equity and equity related securities as well as fixed income securities. The performance of the scheme was benchmarked against Crisil Balanced Fund Index. Krishna Sanghavi is the fund manager of the scheme.

L&T Mutual Fund declares 1.1% Dividend 24/04/2015

L&T Mutual Fund declares 1.1% Dividend
24/04/2015 09:37
L&T Mutual Fund has announced 1.1 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Frontline Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is April 27. The latest NAV of the scheme is Rs 18.01. The investment objective of the open ended equity diversified scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and to generate reasonable returns through a portfolio of debt and money market instruments to help generating funds in the long term to save for the cost of children's education. The performance of the scheme was benchmarked against BSE 200 Index (200 Cos). Vikram Chopra is the fund manager of the scheme.

Dividend declared by SBI Mutual Fund 24/04/2015

Dividend declared by SBI Mutual Fund
24/04/2015 09:36
SBI Mutual Fund has announced 0.7 per cent dividend under dividend payout option of scheme named as “SBI Arbitrage Opportunities Fund” on the face value of Rs 10 per unit. The record date for the dividend is April 24. The latest NAV of the scheme is Rs 13.16. The investment objective of the open ended equity diversified scheme is to provide capital appreciation and regular income for unitholders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Suchita Shah is the fund manager of the scheme.

1% Div announced under BNP Paribas Dividend Yield Fund 24/04/2015

1% Div announced under BNP Paribas Dividend Yield Fund
24/04/2015 09:35
BNP Paribas Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “BNP Paribas Dividend Yield Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is April 24. The latest NAV of the scheme is Rs 16.66. The investment objective of the open ended equity diversified scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. The performance of the scheme was benchmarked against CNX 200 Index. Shreyash Devalkar is the fund manager of the scheme.

1% Div announced under BNP Paribas Dividend Yield Fund 23/04/2015

1% Div announced under BNP Paribas Dividend Yield Fund
23/04/2015 10:00
BNP Paribas Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “BNP Paribas Dividend Yield Fund” on the face value of Rs 10 per unit.
The record date for the dividend is April 24. The latest NAV of the scheme is Rs 16.18.
The investment objective of the open ended equity diversified scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks.
The performance of the scheme was benchmarked against CNX 200 Index. Shreyash Devalkar is the fund manager of the scheme.

New Close Ended Scheme launched by Axis Mutual Fund 23/04/2015

New Close Ended Scheme launched by Axis Mutual Fund
23/04/2015 10:00
Axis Mutual Fund has launched a new close ended debt scheme named “Axis Hybrid Fund - Series 22 (1278 days close ended debt scheme)” with maturity period of 1278 days from and including the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 21 and will close on May 5.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against Crisil MIP Blended Fund Index. Devang Shah and Jinesh Gopani will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by investing in high quality fixed income securities, equity and equity related instruments that are maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 70 to 95 per cent of asset in Debt instruments including securitized Debt, 0 to 25 per cent of asset in Money Market Instruments and 5 to 30 per cent of asset in Equity and Equity Related Instruments.

Canara Robeco announces 14.5% dividend 23/04/2015

Canara Robeco announces 14.5% dividend
23/04/2015 09:59
Canara Robeco Mutual Fund has announced 14.5 per cent dividend under dividend payout option of scheme named as “Canara Robeco Balance” on the face value of Rs 10 per unit.
The record date for the dividend is April 24. The latest NAV of the scheme is Rs 81.96.
The investment objective of the open ended equity scheme is to generate long term capital appreciation and / or income from a portfolio constituted of equity and equity related securities as well as fixed income securities.
The performance of the scheme was benchmarked against Crisil Balanced Fund Index. Krishna Sanghavi is the fund manager of the scheme.

Div declared under Birla Sun Life Frontline Equity Fund 23/04/2015

Div declared under Birla Sun Life Frontline Equity Fund
23/04/2015 09:58
Birla Sun Life Mutual Fund has announced 17.5 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Frontline Equity Fund” on the face value of Rs 10 per unit.
The record date for the dividend is April 24. The latest NAV of the scheme is Rs 29.85.
The investment objective of the open ended equity diversified scheme is to provide long term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200.
The performance of the scheme was benchmarked against BSE 200 Index (200 Cos). Mahesh Patil is the fund manager of the scheme.

70% dividend declared by SBI Mutual Fund 23/04/2015

70% dividend declared by SBI Mutual Fund
23/04/2015 09:57
SBI Mutual Fund has announced 70 per cent dividend under dividend payout option of scheme named as “SBI Magnum Equity Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is April 24. The latest NAV of the scheme is Rs 44.34.
The investment objective of the open ended equity diversified scheme is to provide the investor Long-term capital appreciation by investing in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities and the balance in debt and money market instruments.
The performance of the scheme was benchmarked against NSE Index. R Srinivasan is the fund manager of the scheme.

Dividend announced by ICICI Prudential Mutual Fund 23/04/2015

Dividend announced by ICICI Prudential Mutual Fund
23/04/2015 09:56
ICICI Prudential Mutual Fund has announced 18.1 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Top 100 Fund” on the face value of Rs 10 per unit.
The record date for the dividend is April 24. The latest NAV of the scheme is Rs 19.41.
The investment objective of the open ended equity diversified scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities.
The performance of the scheme was benchmarked against NSE Index. Sankaran Naren is the fund manager of the scheme.

Kotak Mahindra Mutual Fund launches new Close Ended Scheme 22/04/2015

Kotak Mahindra Mutual Fund launches new Close Ended Scheme
22/04/2015 09:59
Kotak Mahindra Mutual Fund has launched a new close ended equity scheme named “Kotak India Growth Fund Series I” with maturity period of 3 years after the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 13 and will close on April 27. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CNX 200. Harish Krishnan will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate capital appreciation will be met by investing in a diversified portfolio of equity & equity related instruments across market capitalisation and sectors. Hence, the scheme will allocate 80 to 100 per cent of asset in Equity and Equity Related Securities and 0 to 20 per cent of asset in Debt and Money Market Securities.

Dividend announced by JM Financial Mutual Fund 22/04/2015

Dividend announced by JM Financial Mutual Fund
22/04/2015 09:58
JM Financial Mutual Fund has announced 0.7 per cent dividend under dividend payout option of scheme named as “JM Arbitrage Advantage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is April 22. The latest NAV of the scheme is Rs 10.73. The investment objective of the open ended equity diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Chaitanya Choksi is the fund manager of the scheme.

Div declared under Edelweiss Short Term Income Fund 22/04/2015

Div declared under Edelweiss Short Term Income Fund
22/04/2015 09:57
Edelweiss Mutual Fund has announced 1.4445 per cent dividend under dividend payout option of scheme named as “Edelweiss Short Term Income Fund” on the face value of Rs 10 per unit. The record date for the dividend is April 22. The latest NAV of the scheme is Rs 12.62. The investment objective of the open ended debt short term scheme is to generate regular income through investments in Debt & Money Market Instruments. The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Bhavesh Jain is the fund manager of the scheme.

Div declared under LIC Nomura MF Balanced Fund - Div 22/04/2015

Div declared under LIC Nomura MF Balanced Fund - Div
22/04/2015 09:56
LIC Nomura Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “LIC Nomura MF Balanced Fund - Div” on the face value of Rs 10 per unit. The record date for the dividend is April 23. The latest NAV of the scheme is Rs 15.31. The investment objective of the open ended equity scheme is to provide regular returns and capital appreciation according to the selection of plan by investing in equities and debt. The performance of the scheme was benchmarked against Crisil Balanced Fund Index. Ramnath Venkateswaran is the fund manager of the scheme.

60% dividend declared by SBI Mutual Fund 22/04/2015

60% dividend declared by SBI Mutual Fund
22/04/2015 09:53
SBI Mutual Fund has announced 60 per cent dividend under dividend payout option of scheme named as “SBI Magnum Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is April 24. The latest NAV of the scheme is Rs 38.06. The investment objective of the open ended equity diversified scheme is to provide the investor Long-term capital appreciation by investing in high growth companies along with the liquidity of an open-ended scheme through investments primarily in equities and the balance in debt and money market instruments. The performance of the scheme was benchmarked against NSE Index. R Srinivasan is the fund manager of the scheme.

15% dividend announced by UTI Mutual Fund 22/04/2015

15% dividend announced by UTI Mutual Fund
22/04/2015 09:52
UTI Mutual Fund has announced 15 per cent dividend under dividend payout option of scheme named as “UTI Opportunities Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is April 23. The latest NAV of the scheme is Rs 21.59. The investment objective of the open ended equity diversified scheme is to generate capital appreciation and/or income distribution by investing the funds of the scheme in equity shares and equity related instruments. The performance of the scheme was benchmarked against BSE 100 Index. Anoop Bhaskar is the fund manager of the scheme.

Sundaram Mutual Fund launches new Close Ended Scheme 21/04/2015

Sundaram Mutual Fund launches new Close Ended Scheme
21/04/2015 09:55
Sundaram Mutual Fund has launched a new close ended income scheme named “Sundaram Fixed Term Plan GW” with maturity period of 1100 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 21 and will close on April 23.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Sandeep Agarwal will be the fund manager of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in debt and money market securities, which mature on or before the maturity of the scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Short Term and medium term Debt Instruments and 0 to 20 per cent of asset in Money Market Instruments.

Dividend announced by JM Financial Mutual Fund 21/04/2015

Dividend announced by JM Financial Mutual Fund
21/04/2015 09:54
JM Financial Mutual Fund has announced 0.7 per cent dividend under dividend payout option of scheme named as “JM Arbitrage Advantage Fund” on the face value of Rs 10 per unit.
The record date for the dividend is April 22. The latest NAV of the scheme is Rs 10.49.
The investment objective of the open ended equity diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Chaitanya Choksi is the fund manager of the scheme.

Div declared under Edelweiss Absolute Return Fund 21/04/2015

Div declared under Edelweiss Absolute Return Fund
21/04/2015 09:53
Edelweiss Mutual Fund has announced 2.2 per cent dividend under dividend payout option of scheme named as “Edelweiss Absolute Return Fund” on the face value of Rs 10 per unit.
The record date for the dividend is April 22. The latest NAV of the scheme is Rs 13.86.
The investment objective of the open ended equity diversified scheme is to generate absolute returns with low volatility over a longer tenure of time by investing in arbitrage opportunities and debt and money market instruments on one hand and in pure equity investments and equity derivatives strategies on the other.
The performance of the scheme was benchmarked against Crisil MIP Blended Index. Ashish Sahay is the fund manager of the scheme

Div declared under L&T Cash Fund 21/04/2015

Div declared under L&T Cash Fund
21/04/2015 09:52
L&T Mutual Fund has announced 0.0305 per cent dividend under dividend payout option of scheme named as “L&T Cash Fund” on the face value of Rs 1000 per unit.
The record date for the dividend was April 19. The latest NAV of the scheme is Rs 1023.30.
The investment objective of the open ended liquid fund scheme is to deliver reasonable returns with lower volatility and higher liquidity through a portfolio of debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Vikram Chopra is the fund manager of the scheme.

Dividend declared by SBI Mutual Fund 21/04/2015

Dividend declared by SBI Mutual Fund
21/04/2015 09:51
SBI Mutual Fund has announced 0.1222 per cent dividend under dividend payout option of scheme named as “SBI Magnum Insta Cash Fund - Regular Plan - Weekly Dividend” on the face value of Rs 1000 per unit.
The record date for the dividend was April 17. The latest NAV of the scheme is Rs 1078.08.
The investment objective of the open ended liquid fund scheme is to provide the investors an opportunity to earn returns through investment in debt & money market securities, while having the benefit of a very high degree of liquidity.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Rajeev Radhakrishnan is the fund manager of the scheme.

Dividend announced by IDFC Mutual Fund 21/04/2015

Dividend announced by IDFC Mutual Fund
21/04/2015 09:50
IDFC Mutual Fund has announced 0.1068 per cent dividend under dividend payout option of scheme named as “IDFC Cash Fund Plan A - Retail Plan - Weekly Dividend” on the face value of Rs 1000 per unit.
The record date for the dividend was April 17. The latest NAV of the scheme is Rs 1001.67.
The investment objective of the open ended liquid fund scheme is to generate optimal returns with high liquidity by investing in high quality money market and debt instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Anupam Joshi is the fund manager of the scheme.

ICICI Prudential Mutual Fund launches new Close Ended Scheme 20/04/2015

ICICI Prudential Mutual Fund launches new Close Ended Scheme
20/04/2015 10:04
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 76 - 1135 Days Plan Z” with maturity period of 1135 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on April 15 and will close on April 21. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Instruments including Government Securities and 0 to 20 per cent of asset in Money Market Instruments.