Mutual funds - Upcoming Dividends - 27 March 2008

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UTI Balanced Fund declares dividend

UTI Balanced Fund declares tax-free dividend of 22.5% . Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any. The record date for the dividend is 28 March 2008. All unitholders registered under the dividend option of UTI Balanced Fund as on 28 March 2008 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend. UTI Balanced Fund has been a consistent performer with 13 years of uninterrupted track record of dividend distribution.

         

UTI MF declares dividend

UTI Mutual Fund has announced the dividend under dividend option of UTI Balanced Fund. The record date for the declaration of dividend is 28 March 2008. The quantum of dividend will be 22.5% i .e. Rs 2.25 per unit on the record date. The NAV for the scheme was recorded at Rs. 20.7500 on 19 March 2008. UTI Balanced Fund is an open-ended balanced fund seeking to invest in a portfolio of equity and equity related securities and fixed income securities with a view to generating regular income together with capital appreciation.

 

Sahara MF declares dividend

Sahara Mutual Fund has approved the declaration of dividend under the dividend option of Sahara Tax Gain Fund. The record date for dividend is set as 29 March 2008. The quantum of dividend under scheme will be Rs. 7.50 per unit i.e. 75%. The NAV for the scheme was Rs. 20.7515 as on 19 March 2008. Sahara Tax Gain Fund was launched in January 1997. It is an open-ended equity linked savings scheme with an objective to provide immediate tax relief and long-term growth.

 

Reliance MF declares dividend

Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Reliance Fixed Horizon Fund- II- Annual Plan -Series III under both retail and institutional plan. The record date is set as 31 March 2008. The quantum of dividend will be 5.53% i .e. Rs 0.553 per unit on the record date. The NAV for the scheme under both retail and institutional plan was Rs. 10.9657 as on 24 March 2008. Reliance Fixed Horizon Fund- II- Annual Plan -Series III is a close-ended income fund. The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/ debt securities normally maturing in line with the time profile of the series with the objective of limiting interest rate volatility.

 

Standard Chartered MF declares dividends

Standard Chartered Mutual Fund has announced 31 March 2008 as the record date for declaration of dividend under dividend option of Standard Chartered Fixed Maturity Plan -Quarterly Series 25 and Standard Chartered Fixed Maturity Plan -Quarterly Series 26. The AMC plans to distribute entire appreciation in the NAV of dividend option since inception till 31 March 2008 as dividend for the both the schemes. The investment objective of both the schemes is to generate income by investing in a portfolio of debt and money market instruments normally in line with the duration of the schemes.

 

Birla MF declares dividend

Birla Mutual Fund has declared dividend of 60% i.e. Rs 6.00 per unit on the face value of Rs 10 under dividend option in Birla Equity Plan. The fund has announced 28 March 2008 as the record date for dividend distribution. The scheme had NAV of Rs 59.45 per unit as on 19 March 2008. Birla Equity Plan is an open-ended equity linked savings scheme with a lock in of 3 years. The investment objective is to achieve long-term growth of capital along with income tax relief for investment.

 

Canara MF declares 30% income distribution on tax saver scheme

Kochi: Canara Robeco Mutual Fund has announced an income distribution of 30 per cent on its Canara Robeco Equity Tax Saver scheme. The scheme is an open-ended equity linked saving scheme, which has a face value of Rs 10. The investment objective of the scheme is to give long-term capital appreciation by predominantly infusing in equities. Investments in the scheme, up to a limit of Rs 1 lakh, are exempted from income tax under Section 80C of the Income Tax Act and the repurchase of the units under the scheme can be made after a lock-in period of three years from the date of allotment.