18 Apr 2008 | 10:30
HSBC MF declares dividend
HSBC Mutual Fund has announced 23 April 2008 as the record date for declaration of dividend under dividend option of HSBC Fixed Term Series 25.
The AMC has approved to offer dividend under both regular and institutional plan. The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 10.0800 and that of under institutional plan is Rs 10.0777 as on 16 April 2008.
HSBC Fixed Term Series 25 is a close-ended income scheme seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the pan.
The scheme will charge 2% exit load if investment units redeemed before maturity.
18 Apr 2008 | 15:07
Tata MF declares dividend
Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for Tata Fixed Income Portfolio Fund-Scheme C2. The record date is set as 23 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 investment plan (half yearly) was Rs.10.2886 as on 16 April 2008.
Tata Fixed Income Portfolio Fund-Scheme C2 is a close-ended debt scheme launched in November 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.
18 Apr 2008 | 15:12
ICICI MF declares dividend under FMP
ICICI Mutual Fund has announced 23 April 2008 as the record date for declaration of dividend under dividend option of ICICI Prudential Fixed Maturity Plan-Series 35- One Year Plan.
The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme under retail plan was Rs. 11.0210 and that of under institutional plan was Rs 11.0539 as on 16 April 2008.
ICICI Prudential Fixed Maturity Plan-Series Series 35- One Year Plan 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.
18 Apr 2008 | 15:17
Standard Chartered MF declares dividend
Standard Chartered Mutual Fund has announced 23 April 2008 as the record date for declaration of dividend under dividend option of Standard Chartered Fixed Maturity Plan -Yearly Series 7. The AMC plans to distribute entire appreciation in the NAV of dividend option since inception till 23 April 2008 as dividend.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally in line with the duration of the scheme.
18 Apr 2008 | 15:28
Canbank MF declares dividend
Canbank Mutual Fund has announced 22 April 2008 as the record date for declaration of dividend under dividend option of Canara Robeco Interval Scheme-Quarterly Interval Fund.
The AMC declared dividend of 100% i.e. Rs 10 per unit on the face value of Rs 10 under dividend option in Canara Robeco Interval Scheme-Quarterly Interval Fund. The NAV of the scheme under both retail and institutional plan was Rs 10.2134 as on 16 April 2008.
The investment objective of the scheme is to generate returns and growth of capital by investing in Central and State Government Securities and other fixed income/ debt securities normally maturing within the maturity of interval plan to insulate the portfolio from interest rate volatility.
18 Apr 2008 | 15:43
Deutsche MF raises Rs.182 crore through its FTF
Deutsche Mutual Fund has collected Rs 182 crores via DWS Fixed Term Fund- Series 48 during their initial offer period from 24 March to 15 April 2008. It is a close-ended income scheme with plan tenure of 12 months.
The objective of the scheme is to generate regular income by investing in fixed income securities and money market instruments, usually maturing in line with the time profile of the fund.
The investors will have the choice of two plans viz. regular plan and institutional plan. Each plan offers sub-option of growth and dividend. The dividend option offers sub option of dividend payout.
The fund will invest up to 100% in domestic debt instruments including government securities and money market instruments and securitised debt.
The scheme charges an exit load of 2.00% if the investment is redeemed any time from the date of allotment but before maturity date.
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