14 Apr 2008 | 09:54
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 U. The fund house has decided to distribute 100% of surplus available under option as on record date. The record date is set as 17 April 2008.
The NAV for the scheme under retail plan was Rs. 11.1043 and that of under institutional plan was Rs 11.1388 as on 10 April 2008.
Birla Fixed Term Plan-Series U 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.
14 Apr 2008 | 14:07
Morgan Stanley A.C.E. Fund re-opens
Morgan Stanley A.C.E. Fund re-opened for fresh transactions on 10 April 2008. The NFO for the fund closed on 11 March 2008.
The NAV currently stands at Rs. 10.129 as on 10 April 2008. Morgan Stanley A.C.E. Fund is an Across Capitalisations Equity Fund or in other words a multi-cap fund. This ensures that the fund portfolio is diversified, with the fund manager choosing sectors and stocks on merit, rather than focus on specific sectors or themes. Morgan Stanley Mutual Fund believes that this strategy is best suited to take advantage of current market opportunities. The fund is benchmarked to the BSE 200.
The fund is being managed by Jayesh Gandhi who has over 12 years experience in investment management and research. In his previous role also, he predominantly managed equity in the multi-cap/mid-cap area.
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