Reliance Mutual Fund declares Dividend of 0.50 pct

Reliance Mutual Fund declares Dividend of 0.50 pct
22/04/2016

Reliance Mutual Fund has announced 0.50 per cent dividend under dividend payout option of scheme named as “Reliance Arbitrage Advantage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend will be 25th April 2016. The latest NAV of the scheme is Rs 10.66. The investment objective of the Open ended Equity Diversified scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Omprakash Kuckian is the fund manager of the scheme.

Reliance Mutual Fund launches New Close Ended Scheme

Reliance Mutual Fund launches New Close Ended Scheme
22/04/2016 09:53

Reliance Mutual Fund has launched a new close ended income scheme named “Reliance Fixed Horizon Fund XXX- Series 19” 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 22nd April 2016 and will close on 25th April 2016. 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 be also not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5000 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. Amit Tripath 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 to generate returns and growth of capital will be met by investing in a diversified portfolio of securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. Hence, the scheme will allocate 80-100 per cent of asset in Debt Instruments and 0-20 per cent of asset in Money Market Instruments

Franklin Templeton Mutual Fund declares 6.13 pct Dividend

Franklin Templeton Mutual Fund declares 6.13 pct Dividend
21/04/2016

Franklin Templeton Mutual Fund has announced 6.13 per cent dividend under dividend payout option of scheme named as “Franklin India Dynamic PE Ratio Fund of Funds - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend will be 22nd April 2016. The latest NAV of the scheme is Rs 38.43. The investment objective of the Open ended Dividend scheme is to provide long-term capital appreciation with relatively lower volatility through a dynamically balanced portfolio of equity and income funds. The performance of the scheme was benchmarked against Crisil Balanced Fund Index. Anand Radhakrishnan is the fund manager of the scheme.

JP Morgan Mutual Fund declares 1.80 pct Dividend

JP Morgan Mutual Fund declares 1.80 pct Dividend
21/04/2016 10:10

JP Morgan Mutual Fund has announced 1.80 per cent dividend under dividend payout option of scheme named as “JPMorgan India Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is 21st April 2016. The latest NAV of the scheme is Rs 15.57. 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 was benchmarked against S&P BSE 200. Harshad Patwardhan is the fund manager of the scheme.

Edelweiss Mutual Fund declares 0.60 pct Dividend

Edelweiss Mutual Fund declares 0.60 pct Dividend
20/04/2016

Edelweiss Mutual Fund has announced 0.60 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 will be 21st April 2016. The latest NAV of the scheme is Rs 10.37. 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 was benchmarked against Crisil Liquid Fund Index. Bhavesh Jain is the fund manager of the scheme.

JPMorgan Mutual Fund declares 1.80 pct Dividend

JPMorgan Mutual Fund declares 1.80 pct Dividend
20/04/2016

JPMorgan Mutual Fund has announced 1.80 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 will be 21st April 2016. The latest NAV of the scheme is Rs 16.11. 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 was benchmarked against S&P BSE 200. Harshad Patwardhan is the fund manager of the scheme.

Reliance Mutual Fund launches New Close Ended Scheme

Reliance Mutual Fund launches New Close Ended Scheme
20/04/2016

Reliance Mutual Fund has launched a new close ended income scheme named “Reliance Fixed Horizon Fund XXX- Series 18” with maturity period of 1131 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 20th April 2016 and will close on 28th April 2016. 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 be also not applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5000 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. Amit Tripath 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 is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility Central and State Government securities and other fixed income/ debt securities.
Hence, the scheme will allocate 80-100 per cent of asset in Debt Instruments and 0-20 per cent of asset in Money Market Instruments

Religare Invesco Mutual Fund declares 1.30 pct Dividend

Religare Invesco Mutual Fund declares 1.30 pct Dividend
18/04/2016

Religare Invesco Mutual Fund has announced 1.30 per cent dividend under dividend payout option of scheme named as “Religare Invesco Dynamic Equtiy Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is 18th April 2016. The latest NAV of the scheme is Rs 17.56. The investment objective of the Open Ended Equity - Diversified fund scheme is to generate long-term capital growth from a focused portfolio of predominantly equity and equity-related securities. The performance of the scheme was benchmarked against S&P BSE 100. Vetri Subramaniam is the fund manager of the scheme.

ICICI Prudential Mutual Fund declares 1.22 pct Dividend

ICICI Prudential Mutual Fund declares 1.22 pct Dividend
18/04/2016

ICICI Prudential Mutual Fund has announced 1.22 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Interval Fund - Qtrly Interval Plan 2 - Retail Plan” on the face value of Rs 10 per unit. The record date for the dividend was 13th April 2016. The latest NAV of the scheme is Rs 10.20. The investment objective of the Interval Debt Income scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Aditya Pagaria is the fund manager of the scheme.

Kotak Mahindra Mutual Fund declares 1.11 pct Dividend

Kotak Mahindra Mutual Fund declares 1.11 pct Dividend
18/04/2016

Kotak Mahindra Mutual Fund has announced 1.11 per cent dividend under dividend payout option of scheme named as “Kotak Bond Short Term Plan (D) - Regular Plan” on the face value of Rs 10 per unit. The record date for the dividend was 12th April 2016. The latest NAV of the scheme is Rs 10.10. The investment objective of the Open Ended Debt Short Term scheme is to create a portfolio of debt and money market instruments of different maturities so as to spread the risk across a wide maturity horizon & different kinds of issuers in the debt markets. The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Deepak Agrawal is the fund manager of the scheme.

Birla Sun Life Mutual Fund declares 0.12 pct Dividend

Birla Sun Life Mutual Fund declares 0.12 pct Dividend
18/04/2016

Birla Sun Life Mutual Fund has announced 0.12 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Cash Manager - Institutional Plan” on the face value of Rs 100 per unit. The record date for the dividend was 12th April 2016. The latest NAV of the scheme is Rs 100.48. The investment objective of the Open Ended Debt- Short term scheme is to provide income which is consistent with a portfolio through investments in a basket of debt and money market instruments of very short maturities with a view to provide reasonable returns.. The performance of the scheme was benchmarked against Crisil Short-Term Bond Fund Index. Kaustubh Gupta is the fund manager of the scheme.