19 Apr 2008 | 10:52
ICICI MF declares dividend under FMP
ICICI Mutual Fund has announced 24 April 2008 as the record date for declaration of dividend under dividend option of ICICI Prudential Interval Fund II-Quarterly Interval Plan A.
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. 10.2019 as on 16 April 2008.
ICICI Prudential Interval Fund II-Quarterly Interval Plan A-Retail Option is a close-ended debt oriented interval scheme. The investment objective of the scheme is to seek to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.
The scheme charges 0.50% an exit load for redemptions made at any time other than the specified transaction period.
19 Apr 2008 | 11:29
ABN Amro MF revises load structure
ABN Amro Mutual Fund has decided to change load structure of ABN Amro Money Plus Fund with effect from 21 April 2008.
The scheme will not charge an entry load. It will charge 0.15% if units are redeemed/ switched out within 15 days from the date of investment. The exit load shall not be charged in case of switches between plans/options of the scheme. Further, no exit load shall be charged on bonus units and of units allotted on reinvestment of dividend.
19 Apr 2008 | 11:40
ABN Amro MF appoints Associate Director
ABN Amro Mutual Fund has announced the appointment of Mr. Robert Stewart Edgar as the Associate Director with effect from 25 February 2008.
Mr Aren Lindman resigned from Associate Director with effect from 31 March 2008.
19 Apr 2008 | 12:03
ING MF appoints new Fund Manager
ING Mutual Fund has announced the appointment of Mr. Mohit Mirchandani as the Fund Manager of ING Midcap Fund and ING Tax Savings Fund with effect from 14 April 2008.
He is holing degrees like B. Com, MBA, and MSS. Mr. Mohit Mirchandani has more than 11 years experience. He was working from February 1998 to July 2000 as a Manager-Business Development in The Aple Group, India. Then, from November 2001 to May 2003, he was an analyst in The Coca Cola Company, USA. During 2003-2006, Mr Mohit joined ING Investment Management, USA as an Analyst. Further he joined as a Fund Manager-Portfolio Management Services, ING Investment Management (I).
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