Posts filed under 'Dividend Announcements'
ICICI Prudential Mutual Fund has announced a dividend of 15% (Rs. 1.50 per unit) in the ICICI Prudential Power Fund.
Launched in September 1994 , the portfolio of the fund comprises of large-cap and mid-cap stocks and is aimed at capturing the growth opportunities across multiple sectors in the market.
The investment objective of the fund is: “To generate capital appreciation by actively investing in equity/ equity related securities. For defensive considerations, the Scheme may invest in debt, money market instruments, to the extent permitted under the Regulations. The AMC will have the discretion to completely or partially invest in any of the type of securities stated above so as to maximize the returns.”
The previous dividends announced under the scheme are:
March 19, 2008: 20%
September 7, 2007: 20%
March 16, 2007: 20%
August 8, 2006: 20%
December 26, 2005: 20%
The Top 10 stocks in its portfolio are:
Reliance Industries Ltd
Bharti Airtel Ltd
Infosys Technologies Ltd
Larsen & Toubro Limited
Bharat Heavy Electricals Ltd
ICICI BANK LTD.
Tata Consultancy Services Ltd.
ITC Ltd
Aditya Birla Nuvo Limited.
Oil & Natural Gas Corpn Ltd
Value Research Online gives a 3 Star rating for this fund.
September 11th, 2008
A gross dividend of Rs.5/- per unit has been declared in Nifty Index Benchmark Exchange Traded Scheme (Nifty BeES) and September 15, 2008 has been fixed as the Record Date for determining the eligibility of unit holders of Nifty Index Benchmark Exchange Traded Scheme (Nifty BeES) entitled to receive the Dividend.
The NAV of Nifty Bees on September 1, 2008 is Rs. 442.0017 per unit
September 2nd, 2008
UTI Mutual Fund has announced a dividend of 15% in UTI Pharma & Healthcare Fund. The record date for the dividend is August 26, 2008.
The fund has earlier recorded three dividends -
20% in October 2003
25% in Octover 2004
25% in January 2006
The Investment objective of the fund is “An open-ended fund which exclusively invests in the equities of the Pharma & Healthcare sector companies. This fund is one of the growth sector funds aiming to invest in companies engaged in business of manufacturing and marketing of bulk drug, formulations and healthcare products and services.”
The fund size is Rs. 57.99 Crores and had Sun Pharma, Ranbaxy, Cipla, Glenmark, Glaxosmithkline, Indoco Remedies, Dr Reddys, Divis, Cadila, Lupin as the top held shares. (as of July 31, 2008)
In terms of performance amongst Pharma Mutal Funds, this fund stands second next to JM Healthcare Sector fund and is far better than its other peers Franklin Pharama, Reliance Pharma and SBI Magnum Pharma.
August 21st, 2008
With the markets going down drastically in the past few days, Mutual Funds are busy readjusting their portfolios. Needless to say, many of them are booking profits and getting their equity portfolios reduced considering that there is a possible downside of up to 4% from now on. Few fund houses went ahead and began announcing the sharing of the dividends for some of their schemes:
Here is a partial list of dividend announcements made recently:
Birla Sun Life Tax Relief 96 – Dividend of 50% of its face value - 8th Dividend
Birla Sun Life Midcap Fund – Dividend of 20% of its face value - 10th Dividend
Birla Sun Life New Millennium Fund – Dividend of 20% of its face value - 2nd Dividend
ICICI Prudential Equity and Derivatives Fund - Income Optimiser Plan - 6% on the face value
ICICI Prudential Blended Plan – Plan A - Dividend of 6% of its face value
Investors who have opt for Dividend Payout option will be getting the dividends depending on the number of units in their folios as on the record date i.e – June 27, 2008.
June 24th, 2008
JM Financial Mutual Fund announced dividend in two of its schemes. A dividend of 2.20% i.e Rs. 0.22 per unit of JM Arbitrage Advantage Fund – Dividend Plan. Similarly, a dividend of 2.50% i.e Rs. 0.25 per unit of JM Equity & Derivative Fund – Dividend Option. The record date for the distribution of the dividends is June 20, 2008
June 16th, 2008
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