Mutual funds - Upcoming Dividends - 16th March 2008

Latest Dividends Announced by the Mutual Funds

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Lotus India MF declares dividend

The Lotus India mutual fund has announced the declaration of dividend under retail quarterly dividend option of Lotus India Active Income Fund. The record date for dividend will be 18 March 2008. The dividend proposed to be declared is 2.5% i.e. Re. 0.25 per unit on a face value of Rs.10 per unit.

The NAV of the retail quarterly dividend option as on 13 March 2008 was Rs. 10.4507.

 

JM Financial MF declares dividend for two schemes

JM Financial Mutual Fund has announced 19 March 2008 as the record date for the declaration of dividend under dividend option of JM Arbitrage Advantage Fund and JM Equity and Derivative Fund.

The fund house has declared a dividend of 2.50% i.e. Rs 0.25 per unit on face value of Rs 10 for JM Arbitrage Advantage Fund. It has also declared a dividend of 1.80% inclusive of dividend distribution tax i.e. Rs 0.18 per unit on face value of Rs 10 -for JM Equity and Derivative Fund.

The record date for both the scheme has been fixed as 19 March 2008.

The NAV of JM Arbitrage Advantage Fund was at Rs. 10.3900 as on 13 March 2008 whereas the NAV of JM Equity and Derivative Fund were at Rs. 10.3899 as on 13 March 2008.

JM Arbitrage Advantage Fund is an equity oriented interval fund with an investment objective of generating 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.

JM Equity and Derivative Fund is an income scheme Interval fund. Its investment objective is to generate regular income through arbitrage opportunities.

 

LIC MF declares dividends

LIC Mutual Fund has announced 18 March 2008 as record date for declaration of dividends in three schemes: LIC Index Fund-Nifty Plan. The fund house has decided to pay dividend of 20% i.e. Rs 2.00 on the face value of Rs 10.

LIC Index Fund-Nifty Plan is an open-ended index scheme. The investment objective of the fund is to provide capital growth by investing in Nifty index stocks.

 

Birla Sun Life MF declares dividend

Birla Sun Life Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Birla Sun Life Fixed Term Plan- Half Yearly-Series 3. The record date is set as 18 March 2008. The fund house has decided to distribute 100% of surplus available under option as on record date. The NAV for the scheme was Rs. 10.4075 as on 13 March 2008.

Birla Sun Life Fixed Term Plan- Half Yearly-Series 3 is a close-ended income scheme with the objective to generate current income by investing in portfolio of fixed income securities maturing normally in line with the duration of the scheme.

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