16 Apr 2008 | 10:16
ICICI MF declares dividend under FMP
ICICI Mutual Fund has announced 21 April 2008 as the record date for declaration of dividend under dividend option of ICICI Prudential Fixed Maturity Plan-Series 35-Thirteen Months Plan B.
The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 11.1175 as on 9 April 2008.
ICICI Prudential Fixed Maturity Plan-Series Series 35-Thirteen Months Plan B is a close-ended debt scheme. The investment objective of the scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments normally maturing in line with the time profile of the plan.
The scheme charges 2% an exit load for redemptions made during repurchase facility period. Redemption on maturity, it may not ask for exit load.
16 Apr 2008 | 11:46
Tata MF declares dividend
Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for Tata Fixed Horizon Fund-Series 7-Scheme B. The record date is set as 21 April 2008. The AMC decided to distribute up to 100% of the net distributable surplus available as on record date as a dividend. The NAV for the scheme under regular and institutional plan was Rs.11.1188 as on 11 April 2008.
Tata Fixed Horizon Fund-Series 7-Scheme B is a close-ended debt scheme launched in March 2007. The objective of the scheme is to generate regular income and / or capital appreciation by investing in wide range of debt and money market instruments.
16 Apr 2008 | 17:17
Mutual funds continue buying
Mutual funds (MFs) bought shares worth a net Rs 121.80 crore on Tuesday 15 April 2008 compared to their buying of Rs 172.80 crore on Friday, 11 April 2008.
MFs net inflow of Rs 121.80 crore on Tuesday 15 April 2008 was a result of gross purchases Rs 495.50 crore and gross sales Rs 373.70 crore. Sensex rose 346.02 points or 2.19% at 16,153.66 on that day.
MFs were net buyers of shares worth Rs 264.40 crore in this month, till 15 April 2008.
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