Dividends
Reliance MF changes dividend record date under its Income fund
Reliance mutual fund has decided to change the dividend record date in the offer document of Reliance Income Fund under monthly, quarterly, half yearly, annual dividend plans from 15th to 19th month under the respective plans. Accordingly, the existing text mentioned in the "Units and Offer" of the offer document of the scheme shall be replaced with revised text as follows:
"Dividend will be distributed subject to availability of distributable surplus, after deduction of taxes, such as income distribution tax plus surcharge etc as applicable on the 19th of each month under the monthly dividend plan, on the 19th June, September, December and March each year under the quarterly dividend plan; on the 19th September and March each year under the half yearly dividend plan and on the 19th March each year under the annual dividend plan or the next working day, if the 19th is a holiday/ non-business day."
Reliance Income Fund is an open-ended income scheme. The primary investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in debt and money market instruments.
UTI MF declares dividend for FMP
UTI Mutual Fund has announced the dividend under dividend option of UTI Fixed Maturity Plan-QFMP/12-07/I. The record date for the declaration of dividend is 5 March 2008. The quantum of dividend will be 100% of distributable surplus available on the record date. The NAV for the scheme under retail plan was recorded at Rs. 10.2085 on 29 February 2008. UTI Fixed Maturity Plan-QFMP/12-07/I is a close-ended umbrella income scheme seeking to generate returns through investments in debt and money market securities, normally maturing in line with the time profile of the fund.
Tata MF declares dividend
Tata Mutual Fund has announced the declaration of dividend under dividend option for Tata Infrastructure Fund. The record date is set as 11 March 2008. The quantum of dividend is 10% i.e. Re 1 per unit on the face value of Rs. 10. The NAV for the scheme under regular plan was Rs. 24.7914 as on 4 March 2008.
Tata Infrastructure Fund an open-ended equity-diversified scheme launched in November 2004. The objective of the scheme is to provide income distribution and / or medium to long term capital gains by investing predominantly in equity / equity related instrument of companies in infrastructure sector.
Principal PNB MF declares dividend
The Principal PNB mutual fund has announced the declaration of dividend under dividend option of Principal Resurgent India Equity fund. The record date for dividend will be 10 March 2008.
The quantum of dividend is 42.5% i.e. Rs. 4.25 per unit on the face value of Rs. 10. The NAV of the scheme was recorded at Rs 17.07 as on 4 March 2008.
Principal Resurgent India Equity Fund is an open-ended equity scheme, whose investment objective is to generate long-term capital appreciation by predominantly investing in equity and equity related securities of Indian companies that are perceived to be potential growth stories.
LIC MF declares dividends
LIC Mutual Fund has announced 7 March 2008 as record date for declaration of dividends in three schemes: LIC Index Fund-Sensex Plan. The fund house has decided to pay dividend of 22% i.e. Rs 2.20 on the face value of Rs 10.
LIC Index Fund-Sensex Plan is an open-ended scheme. The investment objective of the fund is to provide capital growth by investing in index stocks.
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