23 Apr 2008 | 10:35
Kotak MF declares dividend
Kotak Mutual Fund has declared dividend under the dividend option of Kotak FMP 16M Series 1.
The fund house has fixed 28 April 2008 as the record date for the payment of dividend. It proposes the entire distributable surplus available on the record date, as dividend.
Pursuant to payment of dividend, the NAV would fall to the extent of dividend payout and statutory levy, if applicable. All unit holders registered on or before the record date would be eligible to receive the dividend.
23 Apr 2008 | 10:51
SBI MF revises asset allocation structure of Magnum Midcap
SBI Mutual Fund has revised the asset allocation of SBI Magnum Midcap Fund.
As per the revision, the fund house has increased the investment limit in the stocks other than the midcaps companies from the present 10% to 20%.
Further the fund house has announced that the investors who do not agree with the change in the scheme can redeem their units without any exit load from 1 May 2008 to 30 May 2008.
All the other features and conditions of the scheme remains unchanged.
23 Apr 2008 | 12:04
SBI MF declares dividend
SBI Mutual Fund has announced dividend under dividend option of SBI Debt Fund Series-13 Months-4. The fund house has fixed 100% of distributable surplus as quantum of dividend.
The record date for dividend is 28 April 2008. Pursuant to payment of dividend, the NAV of the scheme/option would fall to the extent of payout and statutory levy, if applicable. The scheme recorded NAV of Rs 10.4256 per unit as on 16 April 2008.
23 Apr 2008 | 14:17
Reliance MF declares dividend
Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Reliance Interval Fund Monthly Interval Fund Series II under both retail and institutional plan. The record date is set as 28 April 2008.
The fund house has decided to distribute 100% of surplus available under both plans as on record date. The NAV for the scheme under retail plan was Rs. 10.0574 and that of institutional plan was Rs. 10.0573 as on 21 April 2008.
Reliance Interval Fund Monthly Interval Fund Series II is a debt oriented interval scheme. The investment objective of the scheme is to generate regular returns and growth capital by investing in a diversified portfolio of central and state government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan with the objective of limiting interest rate volatility.
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