Deutsche Mutual Fund launches new Close Ended Scheme 01/04/2015

Deutsche Mutual Fund launches new Close Ended Scheme
01/04/2015 10:34
Deutsche Mutual Fund has launched a new close ended debt fund scheme named “DWS Fixed Maturity Plan - Series 90 (1100 days)” with maturity period of 1100 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 24 and will close on April 07.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Rakesh Suri will be the fund manager of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Domestic debt instruments including government securities and excluding money market instrument and 0 to 20 per cent of asset in Money Market Instruments.

Dividend announced by DSP BlackRock Mutual Fund 01/04/2015

Dividend announced by DSP BlackRock Mutual Fund
01/04/2015 10:33
DSP BlackRock Mutual Fund has announced 6.7142 per cent dividend under dividend payout option of scheme named as “DSP BlackRock Fixed Maturity Plan Series 155 - 12 Months - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is March 30. The latest NAV of the scheme is Rs 10.
The investment objective of the close ended debt scheme is to generate returns and capital appreciation by investing in a portfolio of Debt and Money Market Securities.
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Dhawal Dalal is the fund manager of the scheme.

Div declared under JM High Liquidity Fund - Retail Plan - Daily Dividend Plan 01/04/2015

Div declared under JM High Liquidity Fund - Retail Plan - Daily Dividend Plan
01/04/2015 10:31
JM Financial Mutual Fund has announced 0.0150 per cent dividend under dividend payout option of scheme named as “JM High Liquidity Fund - Retail Plan - Daily Dividend Plan” on the face value of Rs 10 per unit.
The record date for the dividend is March 29. The latest NAV of the scheme is Rs 10.43.
The investment objective of the open ended liquid fund scheme is to provide income by way of dividend (dividend plans) and capital gains (growth plan) through investing in debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Shalini Tibrewala is the fund manager of the scheme.

6.7% div declared under Tata Fixed Maturity Plan Series 47 - Scheme B - Direct Plan 01/04/2015

6.7% div declared under Tata Fixed Maturity Plan Series 47 - Scheme B - Direct Plan
01/04/2015 10:30
Tata Mutual Fund has announced 6.7 per cent dividend under dividend payout option of scheme named as “Tata Fixed Maturity Plan Series 47 - Scheme B - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is March 30. The latest NAV of the scheme is Rs 10.
The investment objective of the close ended debt scheme is to generate income and / or capital appreciation by investing in wide range of Fixed Income Instruments having maturity in line with the maturity of a scheme.
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Amit Somani is the fund manager of the scheme.

Div announced under ICICI Prudential Money Market Fund - Retail Plan 01/04/2015

Div announced under ICICI Prudential Money Market Fund - Retail Plan
01/04/2015 10:29
ICICI Prudential Mutual Fund has announced 0.0174 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Money Market Fund - Retail Plan” on the face value of Rs 100 per unit.
The record date for the dividend is March 29. The latest NAV of the scheme is Rs 100.11.
The investment objective of the open ended liquid fund scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market securities. The scheme would allocate up to 100% of assets in money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index.Manish Banthia is the fund manager of the scheme.

Birla Sun Life MF declares div under Birla Sun Life Cash Plus - Retail Plan 01/04/2015

Birla Sun Life MF declares div under Birla Sun Life Cash Plus - Retail Plan
01/04/2015 10:28
Birla Sun Life Mutual Fund has announced 0.0318 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Cash Plus - Retail Plan” on the face value of Rs 100 per unit.
The record date for the dividend is March 29. The latest NAV of the scheme is Rs 163.69.
The investment objective of the open ended liquid fund scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.

New Close Ended Scheme launched by ICICI Prudential Mutual Fund 31/03/2015

New Close Ended Scheme launched by ICICI Prudential Mutual Fund
31/03/2015 10:20
ICICI Prudential Mutual Fund has launched a new close ended debt scheme named “ICICI Prudential Fixed Maturity Plan - Series 76 - 1127 Days Plan W” with maturity period of 1127 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 30 and will close on April 06.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option.
The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt instruments including government securities and 0 to 20 per cent of asset in Money Market Instruments.

0.0160% div announced under JM Floater Short Term Fund 31/03/2015

0.0160% div announced under JM Floater Short Term Fund
31/03/2015 10:19
JM Financial Mutual Fund has announced 0.0160 per cent dividend under dividend payout option of scheme named as “JM Floater Short Term Fund” on the face value of Rs 10 per unit.
The record date for the dividend is March 29. The latest NAV of the scheme is Rs 10.09.
The investment objective of the open ended debt floaters scheme is to provide regular income and capital appreciation through investment in floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns and also fixed rate instruments and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Shalini Tibrewala is the fund manager of the scheme.

Div declared under Tata Money Market Fund Plan A
31/03/2015 10:18
Tata Mutual Fund has announced 0.0177 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund Plan A” on the face value of Rs 1000 per unit.
The record date for the dividend is March 29. The latest NAV of the scheme is Rs 1001.52.
The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unit holders.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

Div declared under L&T Liquid Fund - Daily Div Reinvestment Plan 31/03/2015

Div declared under L&T Liquid Fund - Daily Div Reinvestment Plan
31/03/2015 10:16
L&T Mutual Fund has announced 0.0349 per cent dividend under dividend payout option of scheme named as “L&T Liquid Fund - Daily Div Reinvestment Plan” on the face value of Rs 1000 per unit.
The record date for the dividend is March 29. The latest NAV of the scheme is Rs 1011.63.
The investment objective of the open ended liquid fund scheme is to generate reasonable returns while maintaining safety and providing the investor superior liquidity by investing in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Shriram Ramanathan is the fund manager of the scheme.

LIC Nomura MF declares 0.05% dividend under LIC Nomura MF Liquid Fund - Direct Plan 31/03/2015

LIC Nomura MF declares 0.05% dividend under LIC Nomura MF Liquid Fund - Direct Plan
31/03/2015 10:14
LIC Nomura Mutual Fund has announced 0.05 per cent dividend under dividend payout option of scheme named as “LIC Nomura MF Liquid Fund - Direct Plan” on the face value of Rs 1000 per unit.
The record date for the dividend is March 29. The latest NAV of the scheme is Rs 1098.00.
The investment objective of the open ended liquid fund scheme is to generate reasonable returns with low risk and high liquidity through judicious mix of investment in money market instruments and quality debt instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Kunal Jain is the fund manager of the scheme.

Shriram A M C - Newspaper advertisement for result of postal ballot 31/03/2015

Shriram A M C - Newspaper advertisement for result of postal ballot
31/03/2015 09:49
Shriram Asset Management Company Ltd has submitted to BSE a copy of Newspaper advertisement for Result of Postal Ballot.

New Close Ended Scheme launched by HDFC Mutual Fund 30/03/2015

New Close Ended Scheme launched by HDFC Mutual Fund
30/03/2015 10:37
HDFC Mutual Fund has launched a new close ended equity scheme named “HDFC Focused Equity Fund - Plan B” with maturity period of 1100 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 26 and will close on April 24.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against S&P BSE 100 Index. Srinivas Rao Ravuri will be the fund manager of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate long term capital appreciation will be met by investing in a portfolio of Eligible Securities as specified in Rajiv Gandhi Equity Savings Scheme. Hence, the scheme will allocate 95 to 100 per cent of asset in Equity securities specified as Eligible Securities for RGESS and 0 to 5 per cent of asset in Money Market Instruments and Liquid Schemes.

Birla Sun Life MF launches Birla Sun Life Emerging Leaders Fund - Series 6 30/03/2015

Birla Sun Life MF launches Birla Sun Life Emerging Leaders Fund - Series 6
30/03/2015 10:33
Birla Sun Life Mutual Fund has launched a new close ended equity scheme named “Birla Sun Life Emerging Leaders Fund - Series 6” with maturity period of 3.5 years from and including the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 30 and will close on April 13.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against S&P BSE Midcap Index. Mahesh Patil and Milind Bafna will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate long-term capital appreciation will be met by investing predominantly in equity and equity related securities of Small & Mid Cap companies. Hence, the scheme will allocate 80 to 100 per cent of asset in Equity and Equity related securities and 0 to 20 per cent of asset in Cash, Money Market and Debt Instruments.

5% div declared under Edelweiss ELSS Fund - Direct Plan 30/03/2015

5% div declared under Edelweiss ELSS Fund - Direct Plan
30/03/2015 10:32
Edelweiss Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Edelweiss ELSS Fund-Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is March 27. The latest NAV of the scheme is Rs 19.53.
The investment objective of the open ended equity scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments.
The performance of the scheme was benchmarked against CNX Nifty Index. Paul Parampreet is the fund manager of the scheme.

Div declared under Canara Robeco Income 30/03/2015

Div declared under Canara Robeco Income
30/03/2015 10:31
Canara Robeco Mutual Fund has announced 2 per cent dividend under dividend payout option of scheme named as “Canara Robeco Income” on the face value of Rs 10 per unit.
The record date for the dividend is March 27. The latest NAV of the scheme is Rs 14.20.
The investment objective of the open ended debt scheme is to income through investment in debt and money market securities of different maturity and issuers of different risk profiles.
The performance of the scheme was benchmarked against Crisil Composite Bond Fund Index. Avnish Jain is the fund manager of the scheme.

Sahara MF declares 25% div under Sahara Tax Gain 30/03/2015

Sahara MF declares 25% div under Sahara Tax Gain
30/03/2015 10:27
Sahara Mutual Fund has announced 25 per cent dividend under dividend payout option of scheme named as “Sahara Tax Gain” on the face value of Rs 10 per unit.
The record date for the dividend is March 31. The latest NAV of the scheme is Rs 15.90.
The investment objective of the open ended equity scheme is to provide immediate tax relief and long-term growth of capital by investing in equity and equity related instruments.
The performance of the scheme was benchmarked against BSE 200 Index (200 Cos). A N Sridhar is the fund manager of the scheme.

Shriram A M C - Result of Postal Ballot (Clause 35A) 27/03/2015

Shriram A M C - Result of Postal Ballot (Clause 35A)
27/03/2015 13:09
Shriram Asset Management Company Ltd has informed BSE that the members of the Company have passed the resolutions, by way of Postal Ballot, under Clause 35A, along with Scrutinizer Report.

Deutsche MF launches DWS Fixed Maturity Plan - Series 89 (1101 days) 27/03/2015

Deutsche MF launches DWS Fixed Maturity Plan - Series 89 (1101 days)
27/03/2015 10:44
Deutsche Mutual Fund has launched a new close ended debt fund scheme named “Deutsche Mutual Fund” with maturity period of 1101 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 24 and will close on April 06. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Rakesh Suri will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in Domestic debt instruments including government securities and excluding money market instrument and 0 to 20 per cent of asset in Money Market Instruments.

0.92% div announced under Escorts Income Plan 27/03/2015

0.92% div announced under Escorts Income Plan
27/03/2015 10:43
Escorts Mutual Fund has announced 0.92 per cent dividend under dividend payout option of scheme named as “Escorts Income Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 29. The latest NAV of the scheme is Rs 11.62. The investment objective of the open ended debt income scheme is to generate current income and capital appreciation by predominantly investing in a well-diversified portfolio of fixed income securities with moderate risk. The performance of the scheme was benchmarked against Crisil Composite Bond Fund Index. Anuj Jain is the fund manager of the scheme.

1% div declared under BNP Paribas Dividend Yield Fund 27/03/2015

1% div declared under BNP Paribas Dividend Yield Fund
27/03/2015 10:42
BNP Paribas Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “BNP Paribas Dividend Yield Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 27. The latest NAV of the scheme is Rs 16.24. The investment objective of the open ended equity diversified scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. The performance of the scheme was benchmarked against CNX 200 Index. Shreyash Devalkar is the fund manager of the scheme.

Div declared under Edelweiss ELSS Fund 27/03/2015

Div declared under Edelweiss ELSS Fund
27/03/2015 10:41
Edelweiss Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Edelweiss ELSS Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 27. The latest NAV of the scheme is Rs 17.37. The investment objective of the open ended equity scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments.. The performance of the scheme was benchmarked against CNX Nifty Index. Paul Parampreet is the fund manager of the scheme.

SBI MF declares 70% div under SBI Magnum Tax Gain Scheme 93- Direct Plan 27/03/2015

SBI MF declares 70% div under SBI Magnum Tax Gain Scheme 93- Direct Plan
27/03/2015 10:40
SBI Mutual Fund has announced 70 per cent dividend under dividend payout option of scheme named as “SBI Magnum Tax Gain Scheme 93- Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 27. The latest NAV of the scheme is Rs 62.24. The investment objective of the open ended equity scheme is to deliver the benefit of investment in a portfolio of equity shares and to distribute income periodically depending on distributable surplus. The performance of the scheme was benchmarked against BSE 100 Index. Jayesh Shroff is the fund manager of the scheme.

MF distributor commission capped at 1% from April 1: Amfi 27/03/2015

MF distributor commission capped at 1% from April 1: Amfi
27/03/2015 00:12
Mutual funds' grouping Amfi announced that upfront commissions paid to distributors selling schemes would be capped at one per cent from April 1, reported PTI. The decision comes against the backdrop of concerns raised by market regulator Sebi about high commissions being doled out to mutual fund agents. Introduction of cap on commissions would help ensure a level playing field and curb instances of exorbitant payments. At present, there is no limit on upfront commission and some fund houses pay upfront commissions of up to eight per cent to their distributors for selling a MF scheme. In a circular issued today, Association of Mutual Fund Industry in India (Amfi) said that upfront commission should not exceed 100 basis points (one per cent) for the first year. "Further, upfront commission shall not exceed distributable TER (Total Expense Ratio) of the scheme if the same is below 100 basis points," it added. However, additional incentives provided for distributors in smaller towns would be exempt from the cap. One of the major concern has been that the practice of paying high commissions is detrimental to the interests of small players in the domestic mutual industry, where big entities account for substantial business. According to Amfi, there would be exemptions for commissions with regard to schemes sold in smaller towns. In mutual fund industry small towns are generally referred to as B15 (or beyond top 15 cities). The guidelines would be applicable for "all open ended, close ended schemes as well as interval schemes, including liquid schemes, debt schemes and equity schemes etc, but would exclude exchange traded funds," the circular said. Systematic investment plan (SIP) and systematic transfer plan (STP) for which requests were registered before April 1 would also be exempted from the cap. There are a total of 45 mutual funds in the country and their total Average Asset Under Management currently stands at over Rs 12 lakh crore.

Mutual funds approach SEBI with 50 NFO proposals 26/03/2015

Mutual funds approach SEBI with 50 NFO proposals
26/03/2015 18:10
Aiming to tap into the upbeat investor sentiment, mutual fund houses have filed draft papers with market regulator SEBI to launch over 50 New Fund Offers, reported PTI. Since the beginning of the year, draft documents for 53 NFOs have been submitted with the Securities and Exchange Board of India (SEBI). Of these, 21 draft offers have been filed so far this month, while 19 papers submitted in February and the other 13 were filed in January, said the media report. Some of the NFOs have already been launched after getting regulatory clearances. ICICI Prudential MF, IDBI MF, SBI MF, Edelweiss MF and HSBC MF are among the fund houses that are offering NFOs to investors. A large number of these schemes are aimed at investment in equity and equity-related securities. Besides, they are offering schemes like ‘Fixed Maturity Plan’ Manufacturing, retirement, economic recovery, resurgence of the business cycle and e-commerce are some of the themes that are attracting mutual fund houses. According to market participants, MF houses are rushing to SEBI to launch new schemes on account of good response received from investors in the recent fund launches. Besides, they said the NFO market has picked up as investors’ confidence about equity markets is back and participation from retail investors is also on the upswing.

SBI MF launches “SBI DEBT FUND SERIES B - 9 (1105 DAYS)” 26/03/2015

SBI MF launches “SBI DEBT FUND SERIES B - 9 (1105 DAYS)”
26/03/2015 10:39
SBI Mutual Fund has launched a new close ended debt scheme named “SBI DEBT FUND SERIES B - 9 (1105 DAYS)” with maturity period of 1105 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 21 and will close on March 30. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. Rajeev Radhakrishnan will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to provide regular income and capital growth with limited interest rate risk to the investors will be met through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and Money Market Instruments maturing on or before the maturity of the scheme. Hence, the scheme will allocate 60 to 100 per cent of asset in debts and 0 to 40 per cent of asset in Money Market Securities.

1.1% div announced under Escorts Short Term Debt Fund 26/03/2015

1.1% div announced under Escorts Short Term Debt Fund
26/03/2015 10:37
Escorts Mutual Fund has announced 1.1 per cent dividend under dividend payout option of scheme named as “Escorts Short Term Debt Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 29. The latest NAV of the scheme is Rs 15.00. The investment objective of the open ended debt scheme is to invest in various floating rate debt and money market instruments, fixed rate debt and money market instruments swapped for floating rate returns and fixed rate debt instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index . Anuj Jain is the fund manager of the scheme.

1.75% div declared under UTI Treasury Advantage Fund 26/03/2015

1.75% div declared under UTI Treasury Advantage Fund
26/03/2015 10:35
UTI Mutual Fund has announced 1.75 per cent dividend under dividend payout option of scheme named as “UTI Treasury Advantage Fund” on the face value of Rs 1000 per unit. The record date for the dividend is March 26. The latest NAV of the scheme is Rs 1,030.03. The investment objective of the open ended debt short term scheme is to provide attractive return for its investors consistent with capital preservation and liquidity. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Sudhir Agrawal is the fund manager of the scheme.

Div declared under SBI Magnum Tax Gain Scheme 93 26/03/2015

Div declared under SBI Magnum Tax Gain Scheme 93
26/03/2015 10:33
SBI Mutual Fund has announced 55 per cent dividend under dividend payout option of scheme named as “SBI Magnum Tax Gain Scheme 93” on the face value of Rs 10 per unit. The record date for the dividend is March 27. The latest NAV of the scheme is Rs 51.08. The investment objective of the open ended equity scheme is to deliver the benefit of investment in a portfolio of equity shares and to distribute income periodically depending on distributable surplus. The performance of the scheme was benchmarked against BSE 100 Index. Jayesh Shroff is the fund manager of the scheme.

Pramerica MF declares 2% dividend under Pramerica Credit Opportunities Fund 26/03/2015

Pramerica MF declares 2% dividend under Pramerica Credit Opportunities Fund
26/03/2015 10:32
Pramerica Mutual Fund has announced 2 per cent dividend under dividend payout option of scheme named as “Pramerica Credit Opportunities Fund” on the face value of Rs 1000 per unit. The record date for the dividend is March 27. The latest NAV of the scheme is Rs 1052.49. The investment objective of the open ended debt short term scheme is to generate income by investing in debt and money market securities across the credit spectrum and would also seek to maintain reasonable liquidity within the fund. The performance of the scheme was benchmarked against Crisil Composite Bond Fund Index. Ritesh Jain is the fund manager of the scheme.

ICICI Prudential MF launches “ICICI Prudential Multiple Yield Fund - Series 9 - 1140 Days Plan A” 25/03/2015

ICICI Prudential MF launches “ICICI Prudential Multiple Yield Fund - Series 9 - 1140 Days Plan A”
25/03/2015 10:36
ICICI Prudential Mutual Fund has launched a new close ended income fund scheme named “ICICI Prudential Multiple Yield Fund - Series 9 - 1140 Days Plan A” with maturity period of 1140 days from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 25 and will close on April 06.
According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index . Vinay Sharma, Rahul Goswami , Chandni Gupta and Shalya Shah will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of fixed income securities/ debt instruments and investing a portion of the Scheme’s assets in equity and equity related instruments. Hence, the scheme will allocate 65 to 95 per cent of asset in debt securities including government securities, 0 to 30 per cent of asset in Money Market Securities, Cash and Cash Equivalent and 5 to 35 per cent of asset in Equity or Equity related Securities.

23% div announced under DSP BlackRock Small And Mid Cap Fund 25/03/2015

23% div announced under DSP BlackRock Small And Mid Cap Fund
25/03/2015 10:34
DSP Blackrock Mutual Fund has announced 23 per cent dividend under dividend payout option of scheme named as “DSP BlackRock Small And Mid Cap Fund” on the face value of Rs 10 per unit.
The record date for the dividend is March 27. The latest NAV of the scheme is Rs 22.50.
The investment objective of the open ended equity diversified scheme is to generate long term capital appreciation from portfolio substantially constituted of equity and equity related securities, which are not part of top 100 stocks by market capitalization.
The performance of the scheme was benchmarked against CNX Midcap Index. Apoorva Shah is the fund manager of the scheme.

2% div declared under Birla Sun Life Equity Savings Fund 25/03/2015

2% div declared under Birla Sun Life Equity Savings Fund
25/03/2015 10:33
Birla Sun Life Mutual Fund has announced 2 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Equity Savings Fund” on the face value of Rs 10 per unit.
The record date for the dividend is March 27. The latest NAV of the scheme is Rs 10.34.
The investment objective of the open equity diversified scheme is to provide capital appreciation and income distribution to the investors by using a blend of equity derivatives strategies, arbitrage opportunities and pure equity investments.
The performance of the scheme was benchmarked against Crisil S&P BSE 200. Satyabrata Mohanty is the fund manager of the scheme.

Div declared under SBI Arbitrage Opportunities Fund 25/03/2015

Div declared under SBI Arbitrage Opportunities Fund
25/03/2015 10:32
SBI Mutual Fund has announced 0.7 per cent dividend under dividend payout option of scheme named as “SBI Arbitrage Opportunities Fund” on the face value of Rs 10 per unit.
The record date for the dividend is March 27. The latest NAV of the scheme is Rs 13.10.
The investment objective of the open ended equity diversified scheme is to provide capital appreciation and regular income for unit holders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments.
The performance of the scheme was benchmarked against Crisil Liquid Fund Index.Suchita Shah is the fund manager of the scheme.

Escorts MF declares 1% dividend under Escorts Income Bond 25/03/2015

Escorts MF declares 1% dividend under Escorts Income Bond
25/03/2015 10:31
Escorts Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “Escorts Income Bond” on the face value of Rs 10 per unit.
The record date for the dividend is March 29. The latest NAV of the scheme is Rs 36.22.
The investment objective of the open ended debt scheme is to generate current income and capital appreciation by investing in a well-diversified portfolio of fixed income securities with moderate risk. There can be an exposure to equity and money market instruments.
The performance of the scheme was benchmarked against Crisil Composite Bond Fund Index. Anuj Jain is the fund manager of the scheme.

MF’s exposure to bank stocks soars in Feb 24/03/2015

MF’s exposure to bank stocks soars in Feb
24/03/2015 15:06
Mutual Fund is betting big on banking stocks as its equity exposure has surged for the fifth consecutive month to a new high in February 2015, said the media report. Mutual fund managers have raised exposure to a historic high of nearly Rs 78,000 crore in banking stocks in February 2015, from Rs 32,225 crore in February 2014, according to data available with the Securities and Exchange Board of India (Sebi). MF investments in banking stocks stood at Rs 77,805 crore as of February 2015, accounting for 21.32 per cent of their total equity assets under management (AUM) of Rs 3.65 lakh crore, the report said. MFs have been increasing their exposure to banking shares since January last year but their investment level in the sector dropped in September 2014. The industry again increased the exposure in October and the momentum continued till February 2015. In addition, Software was the second most preferred sector last month with an exposure of Rs 38,514 crore, followed by pharmaceutical at Rs 23,980 crore.

New Close Ended Scheme launched by Deutsche Mutual Fund 24/03/2015

New Close Ended Scheme launched by Deutsche Mutual Fund
24/03/2015 10:54
Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Fixed Maturity Plan - Series 86 (1104 days)” with maturity period of 1104 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 24 and will close on March 27. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Rakesh Suri will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income will be met by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. Hence, the scheme will allocate 80 to 100 per cent of asset in domestic debt instruments including government securities and 0 to 20 per cent of asset in Money Market Instruments.

1% div announced under BNP Paribas Dividend Yield Fund - Direct Plan 24/03/2015

1% div announced under BNP Paribas Dividend Yield Fund - Direct Plan
24/03/2015 10:49
BNP Paribas Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “BNP Paribas Dividend Yield Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 27. The latest NAV of the scheme is Rs 16.84. The investment objective of the open ended equity diversified scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. The performance of the scheme was benchmarked against CNX 200 Index. Shreyash Devalkar is the fund manager of the scheme.

2% div declared under Canara Robeco Income - Direct Plan 24/03/2015

2% div declared under Canara Robeco Income - Direct Plan
24/03/2015 10:48
Canara Robeco Mutual Fund has announced 2 per cent dividend under dividend payout option of scheme named as “Canara Robeco Income - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 27. The latest NAV of the scheme is Rs 14.42. The investment objective of the open ended debt scheme is to generate income through investment in debt and money market securities of different maturity and issuers of different risk profiles. The performance of the scheme was benchmarked against Crisil Composite Bond Fund Index. Avnish Jain is the fund manager of the scheme.

Div declared under Franklin India Flexi Cap Fund - Direct Plan 24/03/2015

Div declared under Franklin India Flexi Cap Fund - Direct Plan
24/03/2015 10:46
Franklin Templeton Mutual Fund has announced 17.5 per cent dividend under dividend payout option of scheme named as “Franklin India Flexi Cap Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 27. The latest NAV of the scheme is Rs 19.56. The investment objective of the open ended equity diversified scheme is to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalization range. Roshi Jain is the fund manager of the scheme.

UTI MF declares 30% dividend under UTI Top 100 Fund 24/03/2015

UTI MF declares 30% dividend under UTI Top 100 Fund
24/03/2015 10:43
UTI Mutual Fund has announced 30 per cent dividend under dividend payout option of scheme named as “UTI Top 100 Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 26. The latest NAV of the scheme is Rs 36.39. The investment objective of the open ended equity diversified scheme is to generate open-ended equity fund for investment in equity shares, convertible & nonconvertible debentures and other capital and money market instruments with a provision to invest upto 50 per cent of its corpus in PSU's equities and equity related products. The fund aims to provide unit holders capital appreciation & income distribution. The performance of the scheme was benchmarked against NSE Index. Swati Kulkarni is the fund manager of the scheme.

Sahara gets final 90 days to close deal: Report 24/03/2015

Sahara gets final 90 days to close deal: Report
24/03/2015 08:05
The Sahara group on Mon day got three more months to wrap up any deal to raise Rs 10,000 crore that the Supreme Court has set for the release of jailed Chairman Subrata Roy, Economic Times reported. Following the court orders, the Sahara group will now pledge a portion of the land holdings in its Aamby Valley township to raise the Rs 5,000-crore bank guarantee required to bail out its long-jailed chief, Subrata Roy, Business Standard reported. The group has so far deposited a little under Rs 3,800 crore in cash, as part of its effort to comply with the bail conditions. It needs another Rs 1,200 crore in cash, apart from the Rs 5,000-crore bank guarantee. The SC on Monday allowed Roy to utilise a special conference room and Skype facilities within Tihar jail here for the next three months, in what the judges termed his 'final' chance to avoid appointment of a receiver to liquidate the group. The court decided the proposals mentioned here were among the ‘firmest’ Sahara had, as these were supported by memoranda of understanding signed with investors and letters of credit provided by lenders. The court also allowed the company to explore alternatives. However, it did not allow the group’s request to dispose of some domestic assets at prices 25-40 per cent below the the valuation indicated earlier.

DSPBR DualAdv S2 36M - Fixes Record Date for Redemption of Mutual Fund 23/03/2015

DSPBR DualAdv S2 36M - Fixes Record Date for Redemption of Mutual Fund
23/03/2015 12:39
DSP Black Rock Dual Advantage Fund - Series 2- 36M-Growth has informed BSE that March 31, 2015 has been fixed as the Record Date for the purpose of Redemption of Mutual Fund.

New open ended scheme launched by JPMorgan Mutual Fund 23/03/2015

New open ended scheme launched by JPMorgan Mutual Fund
23/03/2015 11:04
JPMorgan Mutual Fund has launched a new open ended balanced scheme named “JPMorgan India Balanced Advantage Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 18 and will close on April 1 , the scheme will reopen on April 10. According to the offer document filed with SEBI, the entry load is nil, while exit load of 1 per cent will be charged if the scheme is redeemed within 18 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, Dividend and Bonus options. The performance of the scheme will be benchmarked against CRISIL Balanced Fund Index. Amit Gadgil, Karan Sikka, Namdev Chougule and Ravi Ratanpal will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate long term capital appreciation and current income will be met by investing in a portfolio that is invested in equity and equity related securities as well as in fixed income securities. Hence, the scheme will allocate 30 to 60 per cent of asset in Equity & Equity related Instruments, 30 to 60 per cent of asset in Debt and Money Market Instruments and 5 to 10 per cent of asset in Net Equity Arbitrage Exposure.

0.8% div announced under IDFC Arbitrage Fund 23/03/2015

0.8% div announced under IDFC Arbitrage Fund
23/03/2015 11:03
IDFC Mutual Fund has announced 0.8 per cent dividend under dividend payout option of scheme named as “IDFC Arbitrage Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 25. The latest NAV of the scheme is Rs 12.50. The investment objective of the open ended equity diversified scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Yogik Pitti is the fund manager of the scheme.

1% div declared under Birla Sun Life Enhanced Arbitrage Fund - Direct Plan 23/03/2015

1% div declared under Birla Sun Life Enhanced Arbitrage Fund - Direct Plan
23/03/2015 11:00
Birla Sun Life Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Enhanced Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 25. The latest NAV of the scheme is Rs 11.02. The investment objective of the open ended equity diversified scheme is to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (Cash & Future). The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Lovelish Solanki is the fund manager of the scheme.

Div declared under Axis Income Saver - Direct Plan 23/03/2015

Div declared under Axis Income Saver - Direct Plan
23/03/2015 10:59
Axis Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Axis Income Saver - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 25. The latest NAV of the scheme is Rs 12.68. The investment objective of the open ended scheme is to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation. The performance of the scheme was benchmarked against Crisil MIP Blended Index. Kedar Karnik is the fund manager of the scheme.

Reliance MF declares 12.495% dividend under Reliance Dynamic Bond Fund 23/03/2015

Reliance MF declares 12.495% dividend under Reliance Dynamic Bond Fund
23/03/2015 10:57
Reliance Mutual Fund has announced 12.495 per cent dividend under dividend payout option of scheme named as “Reliance Dynamic Bond Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 25. The latest NAV of the scheme is Rs 14.73. The investment objective of the open ended scheme is to generate optimal returns consistent with moderate levels of risk. This income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in debt instruments. The performance of the scheme was benchmarked against Crisil Composite Bond Fund Index. Prashant Pimple is the fund manager of the scheme.

Sundaram MF launches “Sundaram Select Small Cap Series III” 20/03/2015

Sundaram MF launches “Sundaram Select Small Cap Series III”
20/03/2015 10:59
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram Select Small Cap Series III” with maturity period of 5 years from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 18 and will close on March 26. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend options. The performance of the scheme will be benchmarked against S&P BSE Small Cap Index. S Krishnakumar and Dwijendra Srivastava will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to seek capital appreciation will be met by investing predominantly in equity/equity-related instruments of companies that can be termed as small-caps. Hence, the scheme will allocate 65 to 100 per cent of asset in Equity and Equity Related Securities of companies of small-caps, 0 to 35 per cent of asset in other Equity and 0 to 35 per cent in Fixed Income and Money Market Securities.

New Close Ended Scheme launched by ICICI Prudential Mutual Fund 20/03/2015

New Close Ended Scheme launched by ICICI Prudential Mutual Fund
20/03/2015 10:57
ICICI Prudential Mutual Fund has launched a new close ended equity scheme named “ ICICI Prudential India Recovery Fund - Series 2” with maturity period of 1281 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 18 and will close on April 01. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The option available under the plan of the scheme is Dividend option. The performance of the scheme will be benchmarked against S &P BSE 500 Index. Mrinal Singh, Rajat Chandak and Shalya Shah will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to provide capital appreciation will be met by investing in equity and equity related securities that are likely to benefit from recovery in the Indian economy. Hence, the scheme will allocate 80 to 100 per cent of asset in Equity and Equity Related Instruments and 0 to 20 per cent of asset in Debt, Money Market Instruments and Cash.

Div declared under ICICI Prudential Short Term Plan - Direct Plan 20/03/2015

Div declared under ICICI Prudential Short Term Plan - Direct Plan
20/03/2015 10:55
ICICI Prudential Mutual Fund has announced 0.0050 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Short Term Plan - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 24. The latest NAV of the scheme is Rs 10.53. The investment objective of the open ended debt- short term scheme is to generate income through investment in basket of debt securities and money market instruments. The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Manish Banthia is the fund manager of the scheme.

Reliance MF declares 20% dividend under Reliance Small Cap Fund - Direct Plan 20/03/2015

Reliance MF declares 20% dividend under Reliance Small Cap Fund - Direct Plan
20/03/2015 10:53
Reliance Mutual Fund has announced 20 per cent dividend under dividend payout option of scheme named as “Reliance Small Cap Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 24. The latest NAV of the scheme is Rs 22.53. The investment objective of the open ended equity diversified scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and generate consistent returns by investing in debt and money market securities. The performance of the scheme was benchmarked against BSE Small-Cap Index. Sunil Singhania is the fund manager of the scheme.

22.5% div declared under HDFC Mid-Cap Opportunities Fund - Direct Plan 20/03/2015

22.5% div declared under HDFC Mid-Cap Opportunities Fund - Direct Plan
20/03/2015 10:51
HDFC Mutual Fund has announced 22.5 per cent dividend under dividend payout option of scheme named as “HDFC Mid-Cap Opportunities Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 24. The latest NAV of the scheme is Rs 31.83. The investment objective of the open ended equity diversified scheme is to generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of Small and Mid-Cap companies. The performance of the scheme was benchmarked against CNX Midcap Index. Chirag Setalvad is the fund manager of the scheme.

MF players want tax sops for pension products on lines of NPS 19/03/2015

MF players want tax sops for pension products on lines of NPS
19/03/2015 12:41
Mutual fund houses have said that tax benefits for retirement solutions should be provided on the lines of the New Pension System (NPS) as they are planning to enter pension funds sector in a big way, reported PTI. The Budget has made an additional tax break of Rs 50,000 into the NPS investment under section 80CC(D) of the Income Tax Act. Currently, three MF houses, out of a total of 45, are having products in the pension segment and they are UTI MF, Franklin Templeton and the recently launched retirement product by Reliance Mutual Fund. While Franklin is working on another retirement solution, Kotak Mutual Fund is also keen to come up with a retirement product, according to media reports. Franklin currently has only one retirement fund - the Franklin India Pension Plan. Its asset under management (AUM) under its 15-year old retirement fund is around Rs 400 crore. The company is working on coming up with one more pension product in near future. "Retirement solution is an extremely important segment as this is a significantly large asset class," Franklin Templeton Investments India president Harshendu Bindal told PTI last night on the sidelines a Morningstar fund awards event. "Tax benefits given to the existing retirement products are under the category of section 80C only. But the problem is that section 80C is a very limited category where you are buying several financial products. We have demanded the tax benefit on the lines of NPS, which was announced in the Budget," he said. On his company's future plans, Bindal said, "We are working on such a retirement product where a person can stay invested until his entire working life and hence we call it a life stage retirement plan." Kotak Mutual Fund is also planning a retirement product. "We are working on a retirement solution. But, it needs to get approved by the trustees," Kotak Mutual Fund managing director Nilesh Shah said. "We do need retirement products as a large section of the country's population is not having any retirement solution at present," he added.

Union KBC MF launches “Union KBC Capital Protection Oriented Fund - Series 6” 19/03/2015

Union KBC MF launches “Union KBC Capital Protection Oriented Fund - Series 6”
19/03/2015 11:45
Union KBC Mutual Fund has launched a new close ended capital protection oriented scheme named “Union KBC Capital Protection Oriented Fund - Series 6”, with maturity period of 1100 days from and including the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 17 and will close on March 23. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend options. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Ashish Ranawade and Parijat Agrawal will be the fund managers of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to seek capital protection on maturity will be met by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation will be met by investing in equity and equity related instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt and Money Market Instruments and 0 to 20 per cent of asset in Equity and Equity related Instruments.

New Close Ended Scheme launched by Axis Mutual Fund 19/03/2015

New Close Ended Scheme launched by Axis Mutual Fund
19/03/2015 11:39
Axis Mutual Fund has launched a new close ended debt scheme named “Axis Fixed Term Plan - Series 74 (1105 days)”, with maturity period of 1105 days from and including the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 18 and will close on March 23. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Growth and Dividend options. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Kedar Karnik will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme to generate returns will be met by investing in a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan(s). Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Instruments and 0 to 20 per cent of asset in Money Market Instruments.

62.5% div announced under DWS Investment Opportunity Fund 19/03/2015

62.5% div announced under DWS Investment Opportunity Fund
19/03/2015 11:38
Deutsche Mutual Fund has announced 62.5 per cent dividend under dividend payout option of scheme named as “DWS Investment Opportunity Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 23. The latest NAV of the scheme is Rs 24.09. The investment objective of the open ended equity diversified scheme is to generate capital appreciation on the portfolio over a long term by actively investing in different asset classes as per market conditions. The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Akash Singhania is the fund manager of the scheme.

IDFC MF declares 40% div under IDFC Equity Opportunity - Series 1 19/03/2015

IDFC MF declares 40% div under IDFC Equity Opportunity - Series 1
19/03/2015 11:33
IDFC Mutual Fund has announced 40 per cent dividend under dividend payout option of scheme named as “IDFC Equity Opportunity - Series 1” on the face value of Rs 10 per unit. The record date for the dividend is March 23. The latest NAV of the scheme is Rs 14.57. The investment objective of the close ended equity diversified scheme is to seek to generate capital appreciation from a portfolio that is invested in equity and equity related securities of companies. The performance of the scheme is benchmarked against S&P BSE 500. Kenneth Andrade is the fund manager of the scheme.

Div declared under LIC Nomura MF Bond Fund - Direct Plan 19/03/2015

Div declared under LIC Nomura MF Bond Fund - Direct Plan
19/03/2015 11:32
LIC Mutual Fund has announced 2.9035 per cent dividend under dividend payout option of scheme named as “LIC Nomura MF Bond Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 23. The latest NAV of the scheme is Rs 11.26. The investment objective of the open ended debt income scheme is to generate attractive returns for the investors by investing in quality debt securities and money market instruments. The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Killol Pandya is the fund manager of the scheme.

Franklin plans to double its AUM to Rs 1,20000 cr in 5 yrs 18/03/2015

Franklin plans to double its AUM to Rs 1,20000 cr in 5 yrs
18/03/2015 15:36
Franklin Templeton Investments is looking at doubling its assets under management (AUM) to Rs 1,20,000 crore within five years, said the media report. The fund house, which follows financial year ending on September 30, closed last year with an AUM at Rs 60,000 crore. "We have closed the last fiscal with our AUM at Rs 60,000 crore and as on February 28, our AUM had crossed Rs 70,000 crore. "Now, we are looking at doubling our AUM to Rs 1,20,000 crore by September 2019," Franklin Templeton Investments India president Harshendu Bindal told PTI on the sidelines of an event. The company is currently ranked seventh in terms of AUM. Further, the company is working on both digital and physical spaces so as to provide services to its customers.

Deutsche MF launches “DWS Large Cap Fund - Series 2” 18/03/2015

Deutsche MF launches “DWS Large Cap Fund - Series 2”
18/03/2015 11:03
Deutsche Mutual Fund has launched a new close ended equity fund scheme named “DWS Large Cap Fund - Series 2 (5 years)”, with maturity period of 5 years from the date of allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 16 and will close on March 25.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend options.
The performance of the scheme will be benchmarked against CNX Nifty Index. Akash Singhania will be the fund manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate capital appreciation will be met by investing in a diversified portfolio of equity and equity related securities of large cap companies in India. Hence, the scheme will allocate 70 to 100 per cent of asset in equity and equity related instruments of large cap companies, 0 to 30 per cent of asset in equity and equity related instruments of non-large cap companies and 0 to 10 per cent in debt and money market instruments.

10% div declared for ICICI Prudential Value Discovery Fund - Direct Plan 18/03/2015

10% div declared for ICICI Prudential Value Discovery Fund - Direct Plan
18/03/2015 11:00
ICICI Prudential Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Value Discovery Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is March 20. The latest NAV of the scheme is Rs 45.54.
The investment objective of the open ended equity diversified scheme is to generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks.
The performance of the scheme was benchmarked against CNX Midcap Index. Mrinal Singh is the fund manager of the scheme.

Franklin Templeton MF declares div under Income Opportunities Fund - DP 18/03/2015

Franklin Templeton MF declares div under Income Opportunities Fund - DP
18/03/2015 10:53
Franklin Templeton Mutual Fund has announced 1.63 per cent dividend under dividend payout option of scheme named as “Franklin India Income Opportunities Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is March 20. The latest NAV of the scheme is Rs 11.31.
The investment objective of the open ended debt income scheme is to provide regular income and capital appreciation by investing in fixed income securities across the yield curve.
The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Sachin Desai is the fund manager of the scheme.

Div announced under Birla Sun Life Dividend Yield Plus 18/03/2015

Div announced under Birla Sun Life Dividend Yield Plus
18/03/2015 10:51
Birla Sun Life Mutual Fund has announced 1.8 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Dividend Yield Plus” on the face value of Rs 10 per unit.
The record date for the dividend is March 20. The latest NAV of the scheme is Rs 17.10. The investment objective of the open ended equity diversified scheme is to provide capital growth and income by investing primarily in a well-diversified portfolio of dividend paying companies that have a relatively high dividend yield.
The performance of the scheme was benchmarked against S&P CNX 500 Equity Index. Naysar Shah is the fund manager of the scheme.

5% div declared under JPMorgan India Mid and Small Cap Fund - DP 18/03/2015

5% div declared under JPMorgan India Mid and Small Cap Fund - DP
18/03/2015 10:50
JP Morgan Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “JPMorgan India Mid and Small Cap Fund - Direct Plan ” on the face value of Rs 10 per unit.
The record date for the dividend is March 20. The latest NAV of the scheme is Rs 19.88.
The investment objective of the open ended equity diversified scheme is to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities focused on smaller companies.
The performance of the scheme was benchmarked against CNX Midcap Index. Harshad Patwardhan is the fund manager

MotilalOswal GoldETF - Record Date for Winding up of the Scheme 17/03/2015

MotilalOswal GoldETF - Record Date for Winding up of the Scheme
17/03/2015 18:44
Motilal Oswal MOSt Shares Gold Exchange Traded Fund has informed BSE that MOSt Gold Shares was launched on March 22, 2011. MOSt Gold Shares was conceived as a vehicle to provide retail investors an access to Gold both as a store of value as well as for normal consumption. During the launch, the scheme had aimed to remove any trade margins thereby allowing for retail investors to save and take back physical gold. However with the changes in gold import regulations, there had been shortages of gold bullion. Furthermore, the Fund has been unable to consistently cater to physical redemption requests from investors due to irregular availability of required denominations. Hence the trustees of Motilal Oswal Mutual Fund have decided to wind up the Scheme, Motilal Oswal MOSt Shares Gold ETF, pursuant to clause (a) of sub-regulation (2) of Regulation 39 of SEBI (Mutual Funds) Regulations 1996. The Scheme shall stand wound down as on March 31, 2015.

Further the Company has informed that, the Company has fixed March 27, 2015 as the Record Date to ascertain the unit holders entitled to attend and vote at the meeting scheduled to be held on March 30, 2015 for winding up of mutual fund scheme.

MF equity folio count rises by 20 lakh during Apr-Feb 17/03/2015

MF equity folio count rises by 20 lakh during Apr-Feb
17/03/2015 11:48
Equity mutual funds witnessed an addition of 20 lakh investor accounts or folios during the April-February period of the current fiscal (2014-15) on account of a sharp rally in stock markets, said the media report. Folios are numbers designated to individual investor accounts, though one investor can have multiple folios. As per latest data on investor accounts with 45 fund houses, the number of equity folios rose to 3.14 crore last month, from 2.94 crore during the full fiscal 2013-14, a gain of 20 lakh folios. April saw the first rise in folio count in more than four years. Prior to that, the equity mutual fund (MF) sector had seen a continuous closure of folios since March 2009 after the market crashed in late 2008 due to the global financial crisis. Since March 2009, the sector has seen a closure of 1.5 crore folios. The investor base reached its peak of 4.11 crore in March 2009, while it was 3.77 crore in March 2008. Moreover, mutual funds industry reported net inflows of over Rs 61,000 crore in equity funds in April-February period, which helped the industry grow its folio count. Overall, industry's retail folios surged to 4.2 crore at February-end 2015, from 4.05 crore at end of March.

SBI MF launches “SBI Dual Advantage Fund - Series VIII” 17/03/2015

SBI MF launches “SBI Dual Advantage Fund - Series VIII”
17/03/2015 11:23
SBI Mutual Fund has launched a new close ended hybrid scheme named “SBI Dual Advantage Fund - Series VIII” with a maturity period of 1111 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 16 and will close on March 30. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend options. The performance of the scheme will be benchmarked against Crisil MIP Blended Fund Index. Rajeev Radhakrishnan and Dharmendra Grover will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and seek capital appreciation will be met by investing in a portfolio of fixed income securities and equity and equity related instruments. Hence, the scheme will allocate 55 to 95 per cent of asset in debt and debt related instruments, 0 to 10 per cent of asset in money market instruments and 5 to 35 per cent in equity and equity related instruments including derivatives.

Div declared under L&T India Special Situations Fund - DP 17/03/2015

Div declared under L&T India Special Situations Fund - DP
17/03/2015 11:12
L&T Mutual Fund has announced 35 per cent dividend under dividend payout option of scheme named as “ L&T India Special Situations Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 20. The latest NAV of the scheme is Rs 31.29. The investment objective of the open ended equity diversified scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives. The performance of the scheme was benchmarked against BSE 200 Index (200 Cos). Soumendra Nath Lahiri is the fund manager of the scheme.

SBI announces 48% div under SBI Magnum Midcap Fund 17/03/2015

SBI announces 48% div under SBI Magnum Midcap Fund
17/03/2015 11:08
SBI Mutual Fund has announced 48 per cent dividend under dividend payout option of scheme named as “SBI Magnum Midcap Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 20. The latest NAV of the scheme is Rs 31.60. The investment objective of the open ended equity diversified scheme is to provide investors with opportunities for long-term growth in capital along-with the liquidity of an open-ended scheme by investing predominantly in a well-diversified basket of equity stocks of Midcap companies. The performance of the scheme was benchmarked against CNX Midcap Index. Sohini Andani is the fund manager of the scheme.

50% div declared under Reliance Equity Opportunities Fund - IP 17/03/2015

50% div declared under Reliance Equity Opportunities Fund - IP
17/03/2015 11:01
Reliance Mutual Fund has announced 50 per cent dividend under dividend payout option of scheme named as “ Reliance Equity Opportunities Fund - Institutional Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 20. The latest NAV of the scheme is Rs 56.93. The investment objective of the open ended equity diversified scheme is to seek to generate capital appreciation and provide long-term growth opportunities by investing in a portfolio constituted of equity securities & equity-related securities and the secondary objective is to generate consistent returns by investing in Debt and Money Market securities. The performance of the scheme was benchmarked against BSE 100 Index. Shailesh Raj Bhan is the fund manager of the scheme.

HDFC declares 55% dividend under HDFC Equity Fund 17/03/2015

HDFC declares 55% dividend under HDFC Equity Fund
17/03/2015 10:58
HDFC Mutual Fund has announced 55 per cent dividend under dividend payout option of scheme named as “HDFC Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 19. The latest NAV of the scheme is Rs 59.86. The investment objective of the open ended equity diversified scheme is to achieve capital appreciation. The performance of the scheme was benchmarked against S&P CNX 500 Equity Index. Prashant Jain is the fund manager of the scheme.

Equity MF accounts up by 20 lakh during Apr-Feb 16/03/2015

Equity MF accounts up by 20 lakh during Apr-Feb
16/03/2015 15:18
Equity mutual funds witnessed an addition of 20 lakh investor accounts or folios during the April-February period of the current fiscal (2014-15) on account of a sharp rally in stock markets, reported PTI.
Folios are numbers designated to individual investor accounts, though one investor can have multiple folios.
As per latest data on investor accounts with 45 fund houses, the number of equity folios rose to 3.14 crore last month, from 2.94 crore during the full fiscal 2013-14, a gain of 20 lakh folios.
April saw the first rise in folio count in more than four years. Prior to that, the equity mutual fund (MF) sector had seen a continuous closure of folios since March 2009 after the market crashed in late 2008 due to the global financial crisis.
Since March 2009, the sector has seen a closure of 1.5 crore folios. The investor base reached its peak of 4.11 crore in March 2009, while it was 3.77 crore in March 2008.
Industry experts said a strong rally in equity markets and the consequent rise in investors' interest led to a sharp increase in retail folios.
Since early 2014, equity market sentiment took a positive turn, which generated significant interest from overseas investors. This was mainly on account of expectations from the new government at the Centre, leading to stock markets adopting a bullish tone.

ICICI Prudential MF launches new close ended debt scheme 16/03/2015

ICICI Prudential MF launches new close ended debt scheme
16/03/2015 11:09
ICICI Prudential Mutual Fund has launched a new close ended debt scheme named “ICICI Prudential Fixed Maturity Plan - Series 76 - 1100 Days Plan R” with maturity period of 1100 days from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 16 and will close on March 17. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the plan of the scheme are Cumulative and Dividend options. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme is to generate income will be met by investing by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments including government securities and 0 to 30 per cent in Money Market Instruments.

Div declared under Reliance Mid & Small Cap Fund - DP 16/03/2015

Div declared under Reliance Mid & Small Cap Fund - DP
16/03/2015 10:58
Reliance Mutual Fund has announced 30 per cent dividend under dividend payout option of scheme named as “Reliance Mid & Small Cap Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 18. The latest NAV of the scheme is Rs 25.99. The investment objective of the open ended equity diversified scheme is to generate long term appreciation & provide long term growth opportunities by investing in equity & equity related securities and derivatives in mid and small cap companies. The performance of the scheme is benchmarked against BSE Mid-Cap Index. Sunil Singhania is the fund manager of the scheme.

JP Morgan likely to sell its Indian MF arm 16/03/2015

JP Morgan likely to sell its Indian MF arm
16/03/2015 08:26
Foreign fund house JP Morgan Asset Management, which manages assets worth over Rs 14,000 crore, is likely to sell its India mutual fund business, said the media reports. JP Morgan could become the fourth foreign fund house in little over a year to exit the Indian mutual fund industry, although its asset base has grown rapidly in the recent past. Since December 2013, three international players - Morgan Stanley, ING and PineBridge - have announced selling their mutual fund businesses in the country. Sources said JP Morgan has begun discussions for a possible sale of its Indian mutual fund arm, although the fund house officially declined to comment on the same. JP Morgan Asset Management spokesperson said, "As a matter of policy, we don't comment on speculation or rumours." The total asset base of Indian mutual fund business crossed Rs 12 lakh crore last month, although the industry is highly scattered with nearly 45 players with most of them having small businesses. The fund houses have seen robust capital inflows in the recent months, while their asset base has also been getting a major boost from the strong performance of their equity schemes. Speaking on the matter, Quantum AMC, CEO, Jimmy Patel said, "In my view the problem with foreign or big AMCs is their high cost structure. The slow decision making process and the chase for growth/AUM at the cost of revenue."

15% dividend declared under HSBC India Opportunities Fund - Direct Plan 13/03/2015

15% dividend declared under HSBC India Opportunities Fund - Direct Plan
13/03/2015 12:06
HSBC Mutual Fund has announced 15 per cent dividend under dividend payout option of scheme named as “HSBC India Opportunities Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 17. The latest NAV of the scheme is Rs 27.68. The investment objective of the open ended equity diversified scheme is to generate long term capital growth through investments across all market capitalizations, including small, mid and large cap stocks. It aims to be predominantly invested in equity & equity related securities. However it could move a significant portion of its assets towards fixed income securities if the fund manager becomes negative on equity markets. The performance of the scheme is benchmarked against BSE 500 Index (500 Cos). Neelotpal Sahai is the fund manager of the scheme.

38% dividend declared under Birla Sun Life Equity Fund 13/03/2015

38% dividend declared under Birla Sun Life Equity Fund
13/03/2015 12:02
Birla Sun Life Mutual Fund has announced 38 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 17. The latest NAV of the scheme is Rs 101.72. The investment objective of the open ended equity diversified scheme is to generate long term growth of capital, through a portfolio with a target allocation of 90 per cent equity and 10 per cent debt and money market securities. The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Anil Shah is the fund manager of the scheme.

MFs pump in Rs 5200 cr in equity schemes in Feb 12/03/2015

MFs pump in Rs 5200 cr in equity schemes in Feb
12/03/2015 15:13
Mutual funds injected in Rs 5,200 crore in equity schemes in February, taking the total inflow to over Rs 61,000 crore in first 11 months of FY 15, on the back of positive returns, said the media report. It was the 12th consecutive month when equity mutual funds witnessed an inflow. Moreover, mutual fund houses are expected to be upbeat about inflow into equity schemes for the remaining part of the current fiscal, ending March 31. According to the latest update available with Association of Mutual Funds in India (AMFI), equity funds saw net inflow of Rs 5,217 crore in February as compared to Rs 5,850 crore witnessed in the preceding month. The latest inflow takes the total fund infusion in equity MF schemes to Rs 61,089 crore at the end of February. However, equity funds witnessed an outflow of Rs 5,526 crore during April-February in the year-ago period. Industry experts said equity markets have delivered positive returns that attracted retail investors into such schemes.

20% dividend declared under IDFC Sterling Equity Fund 12/03/2015

20% dividend declared under IDFC Sterling Equity Fund
12/03/2015 10:55
IDFC Mutual Fund has announced 20 per cent dividend under dividend payout option of scheme named as “IDFC Sterling Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 16. The latest NAV of the scheme is Rs 20.53. The investment objective of the open ended equity diversified scheme is to seek to generate capital appreciation from a diversified portfolio of equity and equity related instruments. The performance of the scheme is benchmarked against CNX Midcap Index. Aniruddha Naha is the fund manager of the scheme.

10% dividend declared under LIC Nomura MF Growth Fund 12/03/2015

10% dividend declared under LIC Nomura MF Growth Fund
12/03/2015 10:54
LIC Nomura Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “LIC Nomura MF Growth Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 16. The latest NAV of the scheme is Rs 19.13. The investment objective of the open ended equity diversified scheme is to provide capital growth by investing mainly in a mix of equity instruments. The performance of the scheme is benchmarked against BSE Sensitive Index. Nobutaka Kitajima is the fund manager of the scheme.

0.8% dividend declared under Edelweiss Arbitrage Fund 12/03/2015

0.8% dividend declared under Edelweiss Arbitrage Fund
12/03/2015 10:53
Edelweiss Mutual Fund has announced 0.8 per cent dividend under dividend payout option of scheme named as “Edelweiss Arbitrage Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 16. The latest NAV of the scheme is Rs 10.36. The investment objective of the open ended equity diversified scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Bhavesh Jain is the fund manager of the scheme.

Birla Sun Life MF launches new close ended scheme 11/03/2015

Birla Sun Life MF launches new close ended scheme
11/03/2015 13:02
Birla Sun Life Mutual Fund has launched a new close ended capital protection oriented scheme named “Birla Sun Life Capital Protection Oriented Fund - Series 26” with maturity period of 1101 days from and including the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 11 and will close on March 25. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be nil. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The option available under the plan of the scheme is Growth option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Prasad Dhonde and Ajay Garg will be the fund manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide capital appreciation linked to equity market with downside protection will be met by investing in a portfolio of debt securities and premium of exchange traded options. Hence, the scheme will allocate 70 to 100 per cent of asset in debt securities and money market instrument and 0 to 30 per cent of asset in options premium.

3.5% div declared under Reliance Tax Saver Fund 11/03/2015

3.5% div declared under Reliance Tax Saver Fund
11/03/2015 11:03
Reliance Mutual Fund has announced 3.5 per cent dividend under dividend payout option of scheme named as “Reliance Tax Saver Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 13. The latest NAV of the scheme is Rs 24.17. The investment objective of the open ended equity-ELSS scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related instruments. The performance of the scheme is benchmarked against BSE 100 Index. Ashwani Kumar is the fund manager of the scheme.

JP Morgan MF announces div under JPMorgan India Equity Fund - Direct Plan 11/03/2015

JP Morgan MF announces div under JPMorgan India Equity Fund - Direct Plan
11/03/2015 10:59
JP Morgan Mutual Fund has announced 1.5 per cent dividend under dividend payout option of scheme named as “JPMorgan India Equity Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 13. The latest NAV of the scheme is Rs 19.46. The investment objective of the open ended equity diversified scheme is to generate income and long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives. The performance of the scheme is benchmarked against S&P BSE 200 Index. Harshad Patwardhan is the fund manager of the scheme.

1.5% dividend declared under JP Morgan India Equity Fund 11/03/2015

1.5% dividend declared under JP Morgan India Equity Fund
11/03/2015 10:54
JP Morgan Mutual Fund has announced 1.5 per cent dividend under dividend payout option of scheme named as “JP Morgan India Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 13. The latest NAV of the scheme is Rs 19.01. The investment objective of the open ended equity diversified scheme is to generate income and long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives. The performance of the scheme is benchmarked against S&P BSE 200 Index. Harshad Patwardhan is the fund manager of the scheme.

Tata MF launches new close ended scheme 11/03/2015

Tata MF launches new close ended scheme
11/03/2015 10:52
Tata Mutual Fund has launched a new close ended income scheme named “Tata Dual Advantage Fund Series 3 Scheme A(1099 Days)” with maturity period of 1099 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 9 and will close on March 20. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Amit Somani and Rupesh Patel will be the fund manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and / or capital appreciation will be met by investing in a portfolio of equity/equity related instrument including derivative instrument. Hence, the scheme will allocate 50 to 95 per cent of asset in debt securities, 0 to 15 per cent of asset in money market instruments and 5 to 35 per cent of asset in equity and equity related schemes.

85% div declared under DSP BlackRock Equity Fund - Direct Plan 10/03/2015

85% div declared under DSP BlackRock Equity Fund - Direct Plan
10/03/2015 10:23
DSP BlackRock Mutual Fund has announced 85 per cent dividend under dividend payout option of scheme named as “DSP BlackRock Equity Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 13. The latest NAV of the scheme is Rs 83.23. The investment objective of the open ended equity diversified scheme is to generate long term capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of issuers domiciled in India. The performance of the scheme is benchmarked against CNX 500 Index. Apoorva Shah is the fund manager of the scheme.

HDFC MF declares div under HDFC TaxSaver - Direct Plan 10/03/2015

HDFC MF declares div under HDFC TaxSaver - Direct Plan
10/03/2015 10:19
HDFC Mutual Fund has announced 70 per cent dividend under dividend payout option of scheme named as “HDFC TaxSaver - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 12. The latest NAV of the scheme is Rs 74.14. The investment objective of the open ended equity linked scheme is to achieve long term growth of capital. The performance of the scheme is benchmarked against S&P CNX 500 Equity Index. Vinay Kulkarni is the fund manager of the scheme.

70% div declared under HDFC TaxSaver 10/03/2015

70% div declared under HDFC TaxSaver
10/03/2015 10:17
HDFC Mutual Fund has announced 70 per cent dividend under dividend payout option of scheme named as “HDFC TaxSaver” on the face value of Rs 10 per unit. The record date for the dividend is March 12. The latest NAV of the scheme is Rs 73.15. The investment objective of the open ended equity linked scheme is to achieve long term growth of capital. The performance of the scheme is benchmarked against S&P CNX 500 Equity Index. Vinay Kulkarni is the fund manager of the scheme.

Div declared under Reliance Interval Fund - Quarterly Series 3 - Direct Plan 10/03/2015

Div declared under Reliance Interval Fund - Quarterly Series 3 - Direct Plan
10/03/2015 10:09
Reliance Mutual Fund has announced 0.0010 per cent dividend under dividend payout option of scheme named as “Reliance Interval Fund - Quarterly Series 3 - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 10. The latest NAV of the scheme is Rs 10.00. The investment objective of the interval scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government Securities & other fixed income / debt securities. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Amit Tripathi is the fund manager of the scheme.

2.2% div declared under Religare Invesco Arbitrage Fund - Direct Plan 09/03/2015

2.2% div declared under Religare Invesco Arbitrage Fund - Direct Plan
09/03/2015 10:18
Religare Invesco Mutual Fund has announced 2.20 per cent dividend under dividend payout option of scheme named as “Religare Invesco Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is March 9. The latest NAV of the scheme is Rs 13.02. The investment objective of the open ended equity diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Vetri Subramaniam is the fund manager of the scheme.

Edelweiss MF announces 5% div under Edelweiss ELSS Fund 09/03/2015

Edelweiss MF announces 5% div under Edelweiss ELSS Fund
09/03/2015 10:15
Edelweiss Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Edelweiss ELSS Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 9. The latest NAV of the scheme is Rs 18.71. The investment objective of the open ended equity – ELSS scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments. The performance of the scheme is benchmarked against CNX Nifty Index. Paul Parampreet is the fund manager of the scheme.

Div declared under Religare Invesco Arbitrage Fund 09/03/2015

Div declared under Religare Invesco Arbitrage Fund
09/03/2015 10:11
Religare Invesco Mutual Fund has announced 2.20 per cent dividend under dividend payout option of scheme named as “Religare Invesco Arbitrage Fund” on the face value of Rs 10 per unit. The record date for the dividend is March 9. The latest NAV of the scheme is Rs 12.76. The investment objective of the open ended equity diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Vetri Subramaniam is the fund manager of the scheme.

SHAREWAY SECURITIES LIMITED: SME - IPO HIGHLIGHTS

SHAREWAY SECURITIES LIMITED: SME - IPO HIGHLIGHTS

SHAREWAY SECURITIES LIMITED

SME-IPO HIGHLIGHTS

Issue opens on: 24.Mar.2015 Issue closes on: 31.Mar.2015

Company Profile:

Shareway Securities Limited, an emerging Financial Services Company, was incorporated in the year 2008 with an intention to become a market leader in offering broking services on Equity, F&O and Currency derivatives segment. The company through its resourceful business setup initially focused on pro-trading and on managing the Group Company's investments, on successful fund management strategies the company synergized its efforts on business expansion and started focusing on providing customized services to the high-net worth investors and to the premium corporate clients. On achieving a prominent status in the industry the company extended its business operations in offering a valued retail broking services with superior trading platform and thus it holds a huge customer base that are loyal and delightful on their associateship with Shareway.

Shareway is a part of a business group in manufacturing, financial services, equipment manufacturing, etc., and has been in business since 1974. The Company is managed by the Chairman cum Managing Director, Mr. Murali Kabirdass and the Executive Director Mr. Krishnamoorthy who is veteran in the financial markets and have steered the growth of the Company. The business philosophy of Shareway is always customer oriented and the services are offered under total confidentiality and integrity with the sole purpose of maximizing returns to clients.

Credentials of Shareway!

• Experienced Research team
• Superior trading platform
• Huge customer base
• Equipped infra-structure
• Updated systems networking

Objects of the Issue:

	Particulars	Amount (Rs. Lacs)
1	Obtaining Membership of BSE Limited	100.00
2	Expanding our domestic operations and network of branches	100.00
3	Enhancement of margin money maintained with the exchanges	200.00
4	General corporate purposes	49.80
5	Public Issue Expenses	50.00
	Total	499.80

Financial Performance of Shareway:

Particulars	30.09.14	31.03.14	31.03.13	31.03.12	31.03.11	31.03.10
Income
Income from Operations	18.06	53.9	10.69	16.9	20.44	26.2
Other Income	0.34	10.03	11.89	2.3	9.9	2.12
Total Income	18.4	63.93	22.58	19.2	30.34	28.32
Expenditure
Cost of Goods Sold	0	0	0	0	0	0
Employee Benefit & Admin Expenses	5.72	10.43	2.51	51.59	27.05	31.64
Other Expenses	9.85	41.74	11.23	27.37	39.69	53.92
Total (B)	15.57	52.17	13.74	78.96	66.74	85.56
Profit Before Interest, Depreciation and Tax	2.83	11.76	8.84	-59.76	-36.4	-57.24
Depreciation	2.34	4.02	3.92	5.45	6.64	8.48
Profit Before Interest and Tax	0.49	7.74	4.92	-65.21	-43.04	-65.72
Financial Charges	0	0	0	0	0	0.02
Profit before Taxation	0.49	7.74	4.92	-65.21	-43.04	-65.7
Provision for Taxation	0	0	0	0	0	0
Provision for Deferred Tax	0.7	0.51	0.61	0.78	0.92	1.32
Total	0.7	0.51	0.61	0.78	0.92	1.32
Profit After Tax	0.21	8.25	4.31	-65.99	-43.95	-67.03
Net Worth	190	254	431	118	116	158
EPS (Rs.)	0	0.2	0.12	-3.59	-2.4	-3.66

Prospects of the Issue:

Equity Shares Offered: Fresh Issue of Equity Shares by our Company	Issue of 35,70,000 Equity Shares of Rs. 10 each at a price of Rs. 14 per Equity Share aggregating Rs.499.80 Lacs.
Of Which
Issue Reserved for the Market Makers	1,90,000 Equity Shares of Rs. 10/- each at a price of Rs. 14 per Equity Share aggregating Rs. 26.60 Lacs.
Net Issue to the Public	33,80,000 Equity Shares of Rs. 10 each at a price of Rs. 14 per Equity Share aggregating Rs. 473.20 Lacs.
Equity Shares outstanding prior to the Issue	60,00,000 Equity Shares of face value of Rs. 10 each.
Equity Shares outstanding after the Issue	95,70,000 Equity Shares of face value of Rs. 10 each.

Schedule for Issue Programme:

Issue opens on:	24.Mar.2015
Issue closes on:	31.Mar.2015