HDFC Mutual Fund has announced to revise the exit load structure under HDFC Medium Term Opportunities Fund, an open ended income scheme. As per revised structure an exit load of 2% will be charged if units are redeemed or switched out within 12 months from the date of allotment and 1% will be charged if units are redeemed or switched out after 12 months but within 18 months from the date of allotment. The revised exit load structure will be effective from 16th February 2012.
HDFC Mutual Fund has announced dividend under HDFC Multiple Yield Fund, HDFC Multiple Yield Fund - Plan 2005 and HDFC Core & Satellite Fund. Under HDFC Multiple Yield Fund and HDFC Multiple Yield Fund - Plan 2005, the quantum of dividend for distribution will be Rs. 0.75 per unit for Individuals & HUF and Rs 0.6428 per unit for Others. Moreover, the quantum of dividend will be Rs. 2 per unit for HDFC Core & Satellite Fund. The record date for dividend distribution has been fixed as 16th February 2012.
Birla Sun Life Mutual Fund has declared dividend under Birla Sun Life Dividend Yield Plus and Birla Sun Life 95 Fund. The quantum of dividend will be Rs.0.50 per unit for Birla Sun Life Dividend Yield Plus and Rs.5 per unit for Birla Sun Life 95 Fund. The record date for dividend distribution has been fixed as 13th February 2012.
Tata Mutual Fund has announced the dividend under Tata Balanced Fund, an open ended balanced scheme. The quantum of dividend will be Rs.3 per unit on the face value of RS.10. The investment objective of the scheme is to provide income distribution and/or medium to long term capital gains while at all times emphasising the importance of capital appreciation. The record date for dividend distribution has been fixed 15th February 2012.
UTI Mutual Fund has announced merger of S&P CNX Nifty UTI Notional Depository Receipt (SUNDER) and UTI-Master Index Fund with UTI-Nifty Index Fund, effective from 14th March 2012. Accordingly, all the existing unit holders of S&P CNX Nifty UTI Notional Depository Receipt (SUNDER) and UTI-Master Index Fund who are not in agreement with the merger may redeem their units at the prevailing NAV without payment of any exit load from 13th February 2012 to 14th March 2012.
ICICI Prudential Mutual Fund has announced to revise exit load structure under ICICI Prudential Long Term Plan, an open ended income scheme. As per the revised structure an exit load of 0.50% of will be charged if units are redeemed or switched out up to 3 months from the date of allotment. The investment objective of the scheme is to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity. The revised exit load structure will be effective from 7th February 2012.
HDFC Mutual Fund has declared dividend under HDFC Long Term Advantage and HDFC Premier Multi-Cap Fund, on the face value of Rs. 10 per unit. The quantum of dividend for distribution will be Rs. 4 per unit and Rs. 1.50 per unit for HDFC Long Term Advantage Fund and HDFC Premier Multi-Cap Fund respectively. The record date for dividend distribution has been fixed as 9th February 2012.
Pramerica Mutual Fund has launched a new fund namely, Pramerica Short Term Floating Rate Fund, an open ended income scheme. The face value of the scheme is Rs. 1000 per unit. The new issue will be open for subscription from 7th February and closes on 9th February 2012. The investment objective of the scheme is to generate regular income through investment in a portfolio comprising primarily in short maturity floating rate debt/money market instruments. No exit load will be charged under the scheme. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index and will be managed by Mr. Mahendra Jajoo.
IDFC Mutual Fund has decided to introduce periodic dividend option under IDFC Money Manager Fund -Investment Plan - Plan B, with effect from 3rd February 2012. The investment objective of the scheme is to generate stable returns with low risk strategy by creating a portfolio that is substantially invested in good quality floating rate debt or money market instruments, fixed rate debt or money market instruments swapped for floating returns and fixed rate debt and money market instruments.
Religare Mutual Fund has announced to change the minimum application amount for Religare Active Income Fund - Plan B and Religare Short Term Plan - Plan B, with effect from 9th February 2012. Accordingly, the minimum application amount will be Rs. 25000 per application and in multiplies of Rs. 1 thereafter and additional application amount will be Rs. 1000 and in multiples of Rs. 1 thereafter.
IDFC Mutual Fund has announced to revise exit load structure under IDFC Super Saver Income Fund - Medium Term, effective from 6th February 2012. Accordingly, the exit load will be 0.60% of applicable NAV to the investors who purchase / switch and seek to redeem / switch out such investments within nine months from the date of effecting such purchase / switch in. Investors opting for PEP / Dividend reinvestment option / SWP or switch between options within the plan will not be levied an exit load.
Tata Mutual Fund has announced dividend under Tata Tax Saving Fund, an open ended equity linked saving scheme. The quantum of dividend will be Rs. 1.50 per unit. The investment objective of the scheme is to provide medium to long term capital gains along with income tax relief to its unitholders, while at all times emphasizing the importance of capital appreciation. The record date for dividend distribution has been fixed as 8th February 2012.
Mirae Asset Mutual Fund has announced to change the benchmark index of Mirae Asset Cash Management Fund, an open ended liquid scheme. The benchmark index of the scheme will be changed from CCIL MIBOR to CRISIL Liquid Fund Index, effective from 1st February 2012. The investment objective of the scheme is to generate returns linked to short end rates like MIBOR and CBLO etc. and provides higher liquidity by investing in a portfolio of debt and money market instruments.
Canara Robeco Mutual Fund has announced to revise exit load structure under Canara Robeco Short Term Fund, an open ended debt scheme. As per revised structure no exit load will be charged under the scheme. Presently, the exit load is 0.50% if redeemed or switched out within 6 months from the date of allotment. The revised exit load structure will be effective from 1st February 2012.