UTI MEPUS declares dividend

UTI MF has declared dividend of 15% under UTI Master Equity Plan Unit Scheme (UTI-MEPUS) with a record date of 6th April 2009.

Reliance MF Declares Dividend In Reliance Diversified Power Sector Fund

Reliance MF declares 20% dividend in Reliance Diversified Power Sector Fund . Record date is 26 March 2009.

Birla Sunlife MF launches Birla Sunlife Medium Term Plan

Issue opens on: 23rd March 2009
Issue closes on: 25th March 2009

Fund Objective: The primary investment objective of the Scheme is to generate regular income through investments in debt & money market instruments in order to make regular dividend
payments to unitholders & secondary objective is growth of capital.

Minimum Investment: Rs. 5,000/- (Retail), Rs. 1,00,00,000 (Institutional)

Benchmark Index: CRISIL Short Term Bond Fund Index

Fund Manager: Mr. Maneesh Dangi and Mr. Satyabrata Mohanty

UTI MF declared bonus In UTI Children Career Plan - Balance & Advantage Fund

UTI MF declared bonus In UTI Children Career Plan - Balance & Advantage Fund.

Bonus units in ratio of 1:10 are being issued under both the funds .

Record date - 26-03-2009 ( 3 pm )

JM MF has renamed JM Healthcare Sector Fund as JM Large Cap Fund

JM Mutual Fund has revised its fundamental attributes of its scheme JM Healthcare Sector Fund. The scheme has been renamed as JM Large Cap Fund and has been converted into an open ended equity scheme from an open ended sector scheme. The revised investment objective of the scheme will be to generate by predominantly investing in large cap companies which would be top 100 companies on the National Stock Exchange of India in terms of market capitalization.

The scheme will now allocate its assets upto 65 per cent to 100 per cent in equity and equity related instruments with high risk profile and upto 35 per cent in the money market instruments/ debt securities with low to medium risk profile. The fund manager of the scheme will be Mr. Sanjay Chhabaria and it will be benchmarked against S&P CNX Nifty Index. The mentioned changes will be in effect from 16th April, 2009 and investors who wish to exit from the scheme can do so from 16th March 2009 to 15th April, 2009.

Bharti AXA MF Introduces D-STP

Bharti AXA MF introduces D-STP

With effect from 9 March 2009

Bharti AXA Mutual Fund has introduced a new systematic transfer plan facility called Daily Systematic Transfer Plan (D-STP) in Bharti AXA Equity Fund (BAEF), Bharti AXA Liquid Fund (BALF) and Bharti AXA Treasury Advantage Fund (BATrAF) with effect from 9 March 2009. In order to avail this facility, the investor is initially required to invest a lumpsum amount in BALF or BATrAF in the growth option of its regular plan. Simultaneously, the investor will give instruction for investing in BAEF through daily transfers by installments from BALF or BATrAF.

The features of D-STP

Minimum lump sum amount to be invested in BALF and BATrAF is Rs 10000 and in multiples of Re 1 thereafter. Installment options for daily transfer in BAEF (through switch) is Rs 300/ 400/ 500 (Daily transfer is on business days only).

Load Structure in BAEF for investment through D-STP: No entry load will be charged. 3.50% of exit load will be charged, if redeemed within 1 year from the date of allotment. 2.50% of an exit load will be charged, if redeemed after 1 year but within 3 years from the date of allotment. And no exit charge will be levied for the redemption after 3 years from the date of allotment.

No entry or exit load will be levied for BALF and BATrAF for investment under D-STP.

The investment in BAEF through D-STP can be made only in growth option of regular plan or eco plan.

IDFC MF Declares Dividend Under 2 Plans

IDFC MF declares dividend for two Arbitrage Funds

Record date for dividend is 12 March 2009

IDFC Mutual Fund has declared dividend in the dividend option of IDFC Arbitrage Fund and IDFC Arbitrage Plus Fund, an open-ended equity funds. The date of distribution of dividend is 12 March 2009.

IDFC Arbitrage Fund

The dividend will be declared under both Plans –A and B. The fund house has decided to distribute Rs 0.06 per unit as dividend on the record.

The scheme recorded NAV of Rs 10.4087 per unit for plan A and Rs 10.5348 per unit for plan B as on 5 March 2009.

IDFC Arbitrage Plus Fund

The dividend will be declared under dividend option of both Plans –A and B. The fund house has decided to distribute Rs 0.06 per unit as dividend on the record date.

The scheme recorded NAV of Rs 10.4302 per unit for plan A and Rs 10.4557 per unit for plan B as on 5 March 2009.

Taurus declares dividend 3rd time in less than 3 months

Taurus has declared 10% dividend under Taurus Tax Shield. Record date for the same is 6th March 2009.

HDFC Mutual Fund Declares Dividend In 3 Schemes

HDFC MF has declared dividend in the following three plans:

HDFC Tax Saver - 50%
HDFC Top 200 - 30%
HDFC Capital Builder - 20%

The record date for the same is 5th March, 2009.