Apr 12, 2008

Mutual Funds News - 12 April 2008

12 Apr 2008 | 09:51

Principle Pnb MF declares dividend under FMP Series

The Principle Pnb mutual fund has announced the declaration of dividend under dividend option of Principle Pnb Fixed Maturity Plan-385 Days-Series IV. The record date for dividend will be 16 April 2008. The AMC plans to distribute entire appreciation in the NAV of dividend option between 29 March 2007 to 16 April 2008 as dividend. The NAV of the scheme was recorded at Rs 11.1076 as on 10 April 2008.

Principle Pnb Fixed Maturity Plan-385 Days-Series IV is close-ended debt scheme with an investment objective of building an income-oriented portfolio and providing returns along with regular liquidity to investors.

12 Apr 2008 | 10:00

Birla Sun Life MF declares dividend

Birla Sun Life Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Birla Fixed Term Plan-Series S. The fund house has decided to distribute 100% of surplus available under option as on record date. The record date is set as 16 April 2008.

The NAV for the scheme under retail plan was Rs. 11.0897 and that of under institutional plan was Rs 11.1374 as on 10 April 2008.

Birla Fixed Term Plan-Series S is a close-ended income fund that seeks to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of scheme

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