Mutual funds - upcoming Dividends- 4th March 2008
Mutual Funds Announced Dividends
Reliance MF declares dividend
Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Reliance Interval Fund - Monthly Interval Fund - Series III under both retail and institutional plan. The record date is set as 5 March 2008. The fund house has decided to distribute 100% of surplus available under both plans as on record date. The NAV for the scheme under retail plan was Rs. 10.1526 as on 27 February 2008. The NAV for the scheme under institutional plan was Rs. 10.1543 as on 27 February 2008. Reliance Interval Fund - Monthly Interval Fund - Series III is a debt oriented interval scheme.
ICICI MF declares dividend under interval plan
ICICI Mutual Fund has announced 5 March 2008 as the record date for declaration of dividend under dividend option of ICICI Prudential Interval Fund II - Quarterly Interval Plan D. The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 10.20 as on 27 February 2008. ICICI Prudential Interval Fund II - Quarterly Interval Plan D is a debt oriented interval scheme. The investment objective of the scheme is to seek to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.
ABN AMRO Tax Advantage Plan declares 20% dividend
ABN AMRO Mutual Fund has declared a dividend of 20% (Rs 2 per unit on the face value of Rs 10) in its open-ended Equity Linked Tax Savings Scheme - ABN AMRO Tax Advantage Plan (ELSS). The objective of the scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent from time to time. The record date for the dividend is February 29, 2008. All investors registered in the Dividend Plan of the scheme as on February 29, 2008 will receive this dividend. The NAV under the dividend plan of the scheme as on February 22, 2008 was Rs 15.055. This is the second dividend declared by the scheme since its inception. The last dividend declared by the scheme was 10% in March 2007. Over the last one year, ABN AMRO Tax Advantage Plan (ELSS) has yielded 28.9 % as compared to 35.1% given by its benchmark BSE 200 as on February 22, 2008.
Dividend Declared under Birla Sun Life Quarterly Interval Fund-Series 1
Birla Mutual Fund has announced a dividend under the dividend option of Birla Sun Life Quarterly Fund - Series 1. The quantum of the dividend would be 100 per cent of distributable surplus as on the record date. The record date for the same has been fixed as March 4, 2008.
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 Quarterly Interval Fund-Series 1. The record date is set as 4 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. 10.2145 as on 28 February 2008. Birla Sun Life Quarterly Interval Fund-Series 1 is an interval income fund that seeks to generate regular income through investments in debt and money market instruments.
Dividend Announced under Optimix Active Debt FoF
ING Mutual Fund announced a dividend of 2 per cent under the dividend option of Optimix Active Debt Multi Manager FoF Scheme. The record date for the same would be March 3, 2008.
Standard Chartered MF announces dividend
Standard Chartered Mutual Fund has announced a dividend of 0.10% i.e. Re 1 per unit on the face value of Rs 10 in its open-ended equity scheme - Standard Chartered Arbitrage Fund - Plan A and B. The objective of the scheme is to generate capital appreciation and income by predominately investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and m money market instruments.
The record date for the same has been fixed as 7 March 2008. The NAV under Plan A of the scheme as on 28 February 2008 was Rs 10.10.5161. The NAV under Plan B of the scheme as on 28 February 2008 was Rs 10.5821.
Reliance MF changes dividend record date under its Income fund
Reliance mutual fund has decided to change the dividend record date in the offer document of Reliance Income Fund under monthly, quarterly, half yearly, annual dividend plans from 15th to 19th month under the respective plans. Accordingly, the existing text mentioned in the "Units and Offer" of the offer document of the scheme shall be replaced with revised text as follows:
"Dividend will be distributed subject to availability of distributable surplus, after deduction of taxes, such as income distribution tax plus surcharge etc as applicable on the 19th of each month under the monthly dividend plan, on the 19th June, September, December and March each year under the quarterly dividend plan; on the 19th September and March each year under the half yearly dividend plan and on the 19th March each year under the annual dividend plan or the next working day, if the 19th is a holiday/ non-business day."
Reliance Income Fund is an open-ended income scheme. The primary investment objective of the 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 and money market instruments.
Dividend Announced in HDFC Equity and HDFC Taxsaver
HDFC Mutual Fund has announced a 55% dividend under the dividend plan of HDFC Equity Fund and an 80% dividend under the dividend plan of HDFC Taxsaver. The record date fore both the dividend payouts is March 7, 2008.
ING Vysya Domestic Opportunities comes out with dividend
ING Vysya Mutual Fund has declared a dividend of 30% (Rs 3 per unit on a face value of Rs 10) in ING Vysya Domestic Opportunities Fund, an open-ended equity scheme. The investment objective of the scheme is to provide long-term capital appreciation from a portfolio that is primarily invested in companies which derive a significant proportion of their revenues from the domestic Indian market place / economy. The record date for dividend is February 29, 2008. All unitholders under the dividend option of ING Vysya Domestic Opportunities Fund as on the record date will be eligible to receive the dividend. The NAV under the dividend plan of the scheme as on February 22, 2008 was Rs 16.06. The last dividend declared was 25% in February 2007. Over the last one year, ING Vysya Domestic Opportunities Fund has yielded 32.7% as compared to 35.10% given by its benchmark BSE 100 as on February 22, 2008.
UTI MF declares dividend for FMP
UTI Mutual Fund has announced the dividend under dividend option of UTI Fixed Maturity Plan-QFMP/12-07/I. The record date for the declaration of dividend is 5 March 2008. The quantum of dividend will be 100% of distributable surplus available on the record date. The NAV for the scheme under retail plan was recorded at Rs. 10.2085 on 29 February 2008.
UTI Fixed Maturity Plan-QFMP/12-07/I is a close-ended umbrella income scheme seeking to generate returns through investments in debt and money market securities, normally maturing in line with the time profile of the fund.
Canbank MF declares dividend
Canara Robeco has announced dividend in the following schemes:
Date of dividend: 3 March 2008
|
| INDIVIDUALS & H.U.F. | OTHER THAN IND. & HUF |
| CANARA ROBECO LIQUID - INST. - DAILY DRP | 0.00179232 | 0.00179232 |
| CANARA ROBECO LIQUID - INST. - WEEKLY DIV | N.A. | N.A. |
| CANARA ROBECO LIQUID - RETAIL - DAILY DRP | 0.00179232 | 0.00179232 |
| CANARA ROBECO FLOATING S. T. - DAILY DRP | 0.00171440 | 0.00171440 |
| CANARA ROBECO FLOATING S. T. - WEEKLY DIV | N.A. | N.A |
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