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ICICI Prudential MF declares dividend for IPIF IIQB
ICICI Prudential Mutual Fund has declared dividend under dividend option of ICICI Prudential Interval Fund II- Quarterly Interval Plan B (IPIF II QB). The fund house has decided to distribute 100% distributable surplus as dividend on the record date 9 February 2009. The fund offers dividend for both retail and institutional plan.
The NAV under retail and institutional plan was at Rs 10.2578 and Rs 10.2532 per unit, respectively as on 02 February 2009.
ICICI Prudential Mutual Fund has declared dividend under dividend option of ICICI Prudential Interval Fund II- Quarterly Interval Plan B (IPIF II QB). The fund house has decided to distribute 100% distributable surplus as dividend on the record date 9 February 2009. The fund offers dividend for both retail and institutional plan.
The NAV under retail and institutional plan was at Rs 10.2578 and Rs 10.2532 per unit, respectively as on 02 February 2009.
IPIFII-QB is a debt oriented interval scheme with an investment objective to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market securities.
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DWS Premier Bond Fund introduces new investment plan
Deutsche Mutual Fund has introduces the Auto Sweep Plan under DWS Premier Bond Fund with effect from 09 February 2009. The plan shall open subscription at Rs 10 per unit during business hours on 09 February 2009. With effect from 10 February 2009, units under the plan will be available for purchase/redemption at prices related to the applicable NAV of the plan/option under the respective scheme.
Detail of the option
DWS Premier Bond Fund introduces new investment plan
Deutsche Mutual Fund has introduces the Auto Sweep Plan under DWS Premier Bond Fund with effect from 09 February 2009. The plan shall open subscription at Rs 10 per unit during business hours on 09 February 2009. With effect from 10 February 2009, units under the plan will be available for purchase/redemption at prices related to the applicable NAV of the plan/option under the respective scheme.
Detail of the option
It is an open-ended scheme with the investment objective to provide regular income by investing in debt securities including bonds and money market instruments.
The scheme will invest upto 60-100% in the debt instruments including government securities and corporate debt and invest upto 40% in the money market instruments.
Debt securities may include securitised debts upto 50% of the net assets. The scheme may invest in foreign debt securities upto 25% of the net assets of the scheme.
The scheme is being benchmarked against CRISIL Composite Bond Fund Index.
The minimum application amount of the scheme is Rs 1 lakh and in multiples of Re 1 thereafter.
The scheme will not charge any entry and it will charge an exit load of 3.00% if redeemed before 12 months. No exit load is applicable for auto sweep in to equity fund.
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HDFC MF declares dividend for quarterly interval fund
HDFC Mutual Fund has declared dividend under dividend option in both retail and wholesale plan of HDFC Quarterly Interval Fund-Plan C, an open ended interval income scheme.
The fund house has decided to distribute 100% distributable surplus as dividend on record date of 09 February 2009 on face value of Rs 10. The scheme recorded a NAV of Rs 10.2270 per unit as on 02 February 2009.
HDFC MF declares dividend for quarterly interval fund
HDFC Mutual Fund has declared dividend under dividend option in both retail and wholesale plan of HDFC Quarterly Interval Fund-Plan C, an open ended interval income scheme.
The fund house has decided to distribute 100% distributable surplus as dividend on record date of 09 February 2009 on face value of Rs 10. The scheme recorded a NAV of Rs 10.2270 per unit as on 02 February 2009.
HDFC Quarterly Interval Fund-Plan C is an open ended interval income scheme with an investment objective to generate regular income through investments in debt/money market instruments and government securities.
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Fortis MF introduces additional investment plan under Flexible STP
Fortis Mutual Fund has introduces the additional plan viz. Institutional plan under the Fortis Flexible Short Term Plan - Series A. The changes will be taken with effect from 09 February 2009.
The details of the Institutional plan under Fortis Flexible Short Term Plan - Series A:
Fortis MF introduces additional investment plan under Flexible STP
Fortis Mutual Fund has introduces the additional plan viz. Institutional plan under the Fortis Flexible Short Term Plan - Series A. The changes will be taken with effect from 09 February 2009.
The details of the Institutional plan under Fortis Flexible Short Term Plan - Series A:
The institutional plan will offer growth and dividend options with two facilities viz. automatic renewal and automatic redemption facility with the default facility as automatic renewal. Dividend option will have monthly dividend, calendar quarterly dividend and quarterly dividend frequency.
The minimum application amount under the institutional plan is Rs 1 crore and in multiples of Re 1 thereafter.
The Plan will not ask any entry load. However, there may be an exit load 4% at all time, except the interval periods.
Fortis Flexible Short Term Plan - Series A is a debt oriented interval fund with an investment objective to generate steady returns through investments made in a basket of fixed income securities, with a provision to offer liquidity at periodic interval.
The benchmark for the scheme is CRISIL Liquid Fund Index.
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HDFC MF declares dividend under FMP 90 days
HDFC Mutual Fund has announced 9 February 2009 as the record date for declaration of dividend under dividend option of HDFC Fixed Maturity Plan -90D November 2008 (1), a fixed maturity plan under HDFC Fixed Maturity Plans-Series X, on face value of Rs 10 per unit. The Fund house has decided to offer dividend under retail plan and wholesale plan.
The fund house has decided to distribute 100% of surplus available under its both retail and wholesale plans as on record date. The NAV under retail plan was Rs. 10.2358 per unit and Rs 10.2382 per unit for wholesale plan as on 02 February 2009.
HDFC MF declares dividend under FMP 90 days
HDFC Mutual Fund has announced 9 February 2009 as the record date for declaration of dividend under dividend option of HDFC Fixed Maturity Plan -90D November 2008 (1), a fixed maturity plan under HDFC Fixed Maturity Plans-Series X, on face value of Rs 10 per unit. The Fund house has decided to offer dividend under retail plan and wholesale plan.
The fund house has decided to distribute 100% of surplus available under its both retail and wholesale plans as on record date. The NAV under retail plan was Rs. 10.2358 per unit and Rs 10.2382 per unit for wholesale plan as on 02 February 2009.
HDFC Fixed Maturity Plan -90D November 2008 (1) a close-ended income scheme with an investment objective to seek to generate regular income through investments in debt/ money market instruments and government securities
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Mirae Asset MF declares dividend under Quarterly Interval Fund
Mirae Asset Mutual Fund has announced 09 February 2009 as the record date for declaration of dividend on the face value of Rs 10.00 per unit of Mirae Asset Interval Fund-Quarterly Plan-Series I. The dividend will be offered for both regular and institutional plans.
The quantum of dividend will be 90% distributable surplus as on the record date 09 February 2009. The NAV of regular plan was at Rs 10.2458 and that of under institutional plan was Rs 10.2527 as on 2 February 2009.
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Mirae Asset MF declares dividend under Quarterly Interval Fund
Mirae Asset Mutual Fund has announced 09 February 2009 as the record date for declaration of dividend on the face value of Rs 10.00 per unit of Mirae Asset Interval Fund-Quarterly Plan-Series I. The dividend will be offered for both regular and institutional plans.
The quantum of dividend will be 90% distributable surplus as on the record date 09 February 2009. The NAV of regular plan was at Rs 10.2458 and that of under institutional plan was Rs 10.2527 as on 2 February 2009.
Mirae Asset Interval Fund - Quarterly Plan - Series I a debt oriented interval scheme. The investment objective of the scheme is to seek to generate returns with low volatility through a portfolio of debt and money market instruments with a provision to offer liquidity at periodic interval.
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Kotak Liquid Fund changes investment pattern
Kotak Mutual Fund has announced change in the investment pattern of Kotak Liquid Fund. The change in investment pattern will be as follows:
i. With effect from 01 February 2009, scheme shall make investments in / purchase debt and money market securities with maturity of up to 182 days only.
Kotak Liquid Fund changes investment pattern
Kotak Mutual Fund has announced change in the investment pattern of Kotak Liquid Fund. The change in investment pattern will be as follows:
i. With effect from 01 February 2009, scheme shall make investments in / purchase debt and money market securities with maturity of up to 182 days only.
ii. With effect from 01 May 2009, the scheme shall make investments in / purchase debt and money market securities with maturity of up to 91 days only.
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