Posts filed under 'Dividend Announcements'
Magnum Taxgain from SBI Mutual Fund has announced a dividend of 110%. February 15, 2008 will be taken as the record date.
SBI Magnum Taxgain is one of the most popular Tax Savings (ELSS) Mutual Fund. The scheme was launched in March 1993 and has net assets worth Rs. 3,549.90 (as of January 31, 2008). Gopal Agrawal is currently the fund manager of the scheme.
The scheme has Financial Services, Energy, Metals & Metal Products and Basic/Engineering amongst its top sectoral holdings. In regard to stock specifics, the scheme has Reliance Industries, Jai Prakash Associates, Welspun-Gujarat Stahl Rohren, Larsen & Toubro and Reliance Communications as its Top 5 stocks.
Earlier, the scheme has announced as many as 10 dividends:
31-MAR-95: 1.000000 per unit
31-MAR-96: 0.800000 per unit
15-DEC-99: 2.500000 per unit
26-SEP-03: 1.500000 per unit
31-DEC-03: 1.500000 per unit
26-MAR-04: 1.500000 per unit
29-OCT-04: 2.700000 per unit
10-JUN-05: 10.200000 per unit
10-MAR-06: 15.000000 per unit
02-MAR-07: 11.000000 per unit
February 12th, 2008
Kotak Tax Saver from Kotak Mutual Fund has announced a dividend of 35%. The record date for the dividend distribution will be taken on February 8, 2008. Kotak Tax Saver is an ELSS Tax Saver Mutual Fund.
This is the second time that the scheme is announcing a dividend. The earlier dividend announcement was for 30% announced in February last year.
Kotak Tax Saver has Krishna Sanghavi, Anurag Jain as its fund manager and has a corpus of Rs. 466.26 Crores. Its first allotment on November 23, 2005.
The scheme as Petroleum Products, Textile Products, Construction, Finance and Banking as the top five sectoral holdings. Financial Services, Construction, Energy, Metal & Metal Products form the top 4 sectoral holdings. (as of Dec 31, 2007)
NAV of the scheme as of February 1, 2008 is as follows:
Kotak Tax Saver-Scheme-Dividend: Rs. 15.579
Kotak Tax Saver-Scheme-Growth: Rs. 19.579
February 4th, 2008
HSBC Equity Fund of HSBC Mutual Fund has announced a dividend of 100%. The record date for the dividend is fixed as February 8, 2008.
The HSBC Equity Fund has Mihir Vora & Jitendra Sriram as its Fund Managers. The fund has its first allotment date as of December 10, 2002. The fund size is Rs. 1475.1357 Crores and takes BSE 200 as its Benchmark and has an investment style of Blend and Midcap and Large cap orientation.
The scheme has Banks, Construction, Telecom - Services, Consumer Non Durables and Oil as the 5 top holdings. Reliance Industries, Jaiprakash Associates, State Bank of India, Bharti Airtel and Reliance Communications are the top 5 holdings. (Details as of December 2007)
HSBC Equity Fund has announced 10 dividends so far. The last three dividends are on March 24, 2006, October 6, 2006 and March 16, 2007.
The NAV of details of the mutual fund scheme as on February 4, 2008 are follows:
HSBC Equity Fund – Dividend: Rs. 43.0795
HSBC Equity Fund – Growth: Rs. 103.9348
February 4th, 2008
SBI Mutual Fund announced a dividend of 25% Dividend in Magnum MultiCap Fund. Unit holders will get Rs. 2.5 per unit. The record date is fixed as January 18, 2008. The NAV of the fund is Rs. 20.2 as on January 14, 2008.
The Investment objective of the fund is: “To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum, debt and money market instruments”. The scheme puts 50-90% in Large cap, 10 – 40% in Mid cap and 0 to 10% in Small cap.
This dividend is the second such since the launch of the scheme in September 2005. The earlier dividend is 20% announced in January 2007.
January 14th, 2008
ICICI Prudential Tax Plan is an ELSS Tax Saver Mutual Fund. The Investment objectives of the scheme are: “To seek to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities”. The scheme is largely into Services, Energy, Construction, Technology and Financial Service stocks and has Reliance Industries, Sadbhav Engineering, ICICI Bank, Tata Tea, Zee Entertainment Enterprises as about 25% of its holding.
The scheme has 8 dividend announcements since March 2000. The most recent dividend was for 20% announced in August 2000.
The scheme is a kind of laggard compared to its peers though the returns are consistent during the previous quarters, thanks for the positive movement of stocks across the board.
January 14th, 2008
Next PostsPrevious Posts