May 5, 2008

Mutual Funds News - 05 May 2008

05 May 2008 | 10:41 Birla MF declares dividend

Birla Mutual Fund has declared dividend under Birla Fixed Term Plan-Series P. The fund house has announced 9 May 2008 as the record date for distribution of dividend under of the scheme.

The scheme will distribute 100% distributable surplus as dividend on the record date on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 11.1977 per unit as on 30 April 2008.

All unit holders whose name appears in the register of unit holders of the schemes at the close of business hours on the record date shall be eligible to receive the dividend so declared. After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.

05 May 2008 | 17:13 Mutual funds in selling mode

Mutual funds (MFs) sold shares worth a net Rs 76.20 crore on Friday 2 May 2008.

MFs net outflow of Rs 76.20 crore on Friday 2 May 2008 was a result of gross purchases of Rs 866.70 crore and gross sales Rs 942.90 crore. Sensex rose 312.81 points or 1.81% at 17,600.12 on that day.

Categories:

0 comments: