Apr 11, 2008

Mutual Funds News - 11 April 2008

11 Apr 2008 | 10:07

Canbank MF declares dividend

Canara Robeco has announced dividend in the following schemes:

Date of dividend: 10 April 2008

INDIVIDUALS & H.U.F. OTHER THAN IND. & HUF

CANARA ROBECO LIQUID - INST. - DAILY DRP 0.00202611 0.00202611

CANARA ROBECO LIQUID - INST. - WEEKLY DIV N.A. N.A.

CANARA ROBECO LIQUID - RETAIL - DAILY DRP 0.00202611 0.00202611

CANARA ROBECO FLOATING S. T. - DAILY DRP 0.00163647 0.00163647

CANARA ROBECO FLOATING S. T. - WEEKLY DIV 0.01223456 0.01223456

CANARA ROBECO LIQUID PLUS - INST. - DAILY DRP 0.00367897 0.00342410

CANARA ROBECO LIQUID PLUS - INST. - WEEKLY DIV 0.01716851 0.01597913

CANARA ROBECO LIQUID PLUS - RETAIL - DAILY DRP 0.00359137 0.00334257

11 Apr 2008 | 10:16

JM Financial MF declares dividend

The JM Financial mutual fund has announced the declaration of dividend under dividend option of JM Fixed Maturity Fund Series IV- 13 Months Plan. The record date for dividend will be 15 April 2008.

The AMC plans to distribute realized appreciation in the NAV of the plan / option till the record date as dividend. The NAV of the scheme was recorded at Rs 10.0329 as on 9 April 2008.

JM Fixed Maturity Fund Series IV- 13 Months Plan is a close-ended income scheme comprising various plans seeking to generate regular returns through investment in fixed income securities normally maturing in line with the time profile of the respective plan.

11 Apr 2008 | 10:22

ICICI MF declares dividend

ICICI Mutual Fund has announced 15 April 2008 as the record date for declaration of dividend under dividend option of the following schemes:

Scheme Name Recommended rate of dividend (Face value of Rs. 10 each)

ICICI Prudential Fixed Maturity Plan -Series 39 - Sixteen Weeks Plan A *100% of distributable surplus as on the record date

ICICI Prudential Fixed Maturity Plan -Series 35- Thirteen Months Plan A

ICICI Prudential Interval Fund -Half Yearly Interval Plan I

ICICI Prudential Interval Fund -Quarterly Interval Plan III

11 Apr 2008 | 11:30

Canara Robeco MF to merge 2 schemes

Indian mutual fund firm Canara Robeco Asset Management Co. Ltd. announced merger of Canara Robeco Expo scheme and Canara Robeco Fortune 94 into Canara Robeco Equity Diversified scheme.

The merger will be effective from 23 April 2008. The AMC added that those not willing to accept the change could redeem units without paying any exit fee up to 22 April 2008.

11 Apr 2008 | 15:52

Principal Pnb MF ties up with Cosmos Co-operative Bank

Principal Pnb Asset Management Company has entered into a partnership with Cosmos Co-operative Bank (Cosmos Bank) for distribution of entire range of Principal Pnb AMC schemes through its branches.

Mutual funds are increasingly becoming a preferred investment avenue for retail investors. Principal Pnb AMCs strategic alliance with Cosmos Co-operative Bank (Cosmos Bank) will help them to enhance the accessibility of their products across the country.

11 Apr 2008 | 17:31

Mutual funds step up buying

Mutual funds stepped buying on the bourses putting in Rs 316.70 crore on Thursday 10 April 2008 compared to their buying of Rs 214.40 crore on Wednesday, 9 April 2008.

The inflow of Rs 316.70 crore on Thursday 10 April 2008 was a result of gross purchases Rs 610.20 crore and gross sales Rs 293.50 crore. Sensex fell 95.41 points or 0.60% at 15,695.10 on that day.

Mutual funds have sold shares worth a net Rs 63.10 crore in this month so far.

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