Mutual funds - upcoming Dividends announced by MFs- 9th March 2008

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 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.

         

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.

 

HSBC MF declares dividend

HSBC Mutual Fund has announced 11 March 2008 as the record date for declaration of dividend under dividend option of HDFC Interval Fund-Plan II. The fund house has decided to distribute 100% of surplus available under its both regular and institutional plans as on record date. The NAV for the scheme under regular option was Rs. 10.2077 and under institutional option NAV was Rs 10.2125 as on 5 March 2008.

HSBC Interval Fund-Plan II is a debt oriented interval scheme, seeks to generate returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the respective plan.

 

Fidelity MF declares dividend for equity schemes

Fidelity Mutual Fund has announced 13 March 2008 as the record date for declaration of dividend under dividend option of Fidelity Equity Fund and Fidelity Tax Advantage Fund.

Fidelity Mutual Fund has announced a dividend of 25% i.e. Rs 2.50 per unit on the face value of Rs 10 in its Fidelity Equity Fund, an open-ended growth scheme. The investment objective of the scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities.

The AMC have also announced a dividend 15% i.e. Rs 1.50 per unit on the face value of Rs 10 in its Fidelity Tax Advantage Fund, an open ended equity linked saving schemes with an objective to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities.

The record date for the dividends is 13 March 2008. The NAV as on 5 March 2008, of Fidelity Equity Fund was Rs Rs 19.781 and under dividend option of Fidelity Tax Advantage Fund was Rs 15.613.

More Dividends - 7th March 2008  6th March 2008  5th March 2008  4th March 2008   &   Go to Dividends category        

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