Mutual Funds- Upcoming Dividends - announced by funds

Principal PNB MF declares dividend

The Principal PNB mutual fund has announced the declaration of dividend under dividend option of Principal Resurgent India Equity fund. The record date for dividend will be 10 March 2008. The quantum of dividend is 42.5% i.e. Rs. 4.25 per unit on the face value of Rs. 10. The NAV of the scheme was recorded at Rs 17.07 as on 4 March 2008. Principal Resurgent India Equity Fund is an open-ended equity scheme, whose investment objective is to generate long-term capital appreciation by predominantly investing in equity and equity related securities of Indian companies that are perceived to be potential growth stories.

 

LIC MF comes out with dividends

LIC Mutual Fund has announced 7 March 2008 as record date for declaration of dividends in three schemes: LIC Index Fund-Sensex Plan. The fund house has decided to pay dividend of 22% i.e. Rs 2.20 on the face value of Rs 10. LIC Index Fund-Sensex Plan is an open-ended scheme. The investment objective of the fund is to provide capital growth by investing in index stocks.

 

Franklin Templeton MF declares tax-free dividend

Franklin Templeton Mutual Fund has approved the declaration of tax-free dividend under the Franklin India Flexi Cap Fund. The AMC plans to distribute 30% of distributable surplus i.e. Rs 3.00 per unit on the face value of Rs 10 as on record date.

The record date for the dividend is 12 March 2008 and any purchases on or before this date will be eligible for the dividend. There will be a one-day book closure for the growth and dividend plans in the respective funds on 13 March 2008 and will reopen for fresh purchases and redemptions on 14 March 2008. Under the dividend reinvestment plan, the dividend declared will be reinvested in the fund at the NAV of 14 March 2008 and unit holders will be allotted additional units for the dividend amount.

Franklin India Flexi Cap Fund was launched in March 2005 as an open-ended equity scheme. Franklin India Flexi Cap Fund is an open-end diversified equity fund that seeks to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalization range.

 

ING MF declares dividend under FMP Series

ING India Mutual Fund has announced 12 March 2008 as the record date for declaration of dividend under dividend option of ING Fixed Maturity Plan - Series XXVI.

The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 12 March 2008 as dividend. The NAV under the scheme is Rs 10.2159 as on 4 March 2008.

ING Fixed Maturity Plan - Series XXVI is a close -ended scheme offering an investment plan of 92 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in debt securities so as to minimise the impact of price fluctuation of such securities and the value at maturity.

 

Franklin Templeton MF declares dividend

Franklin Templeton Mutual Fund has announced the declaration of dividend for Templeton Fixed Tenure Fund-Series IV-60 Months Plan. The record date is set as 12 March 2008. The AMC plans to distribute 7% of distributable surplus i.e. Rs 0.70 per unit on the face value of Rs 10 as on record date. .

Templeton Fixed Tenure Fund-Series IV-60 Months Plan is an open-ended diversified equity fund that seeks to provide investors steady returns along with capital appreciation through equity exposure.