Posts filed under 'Dividend Announcements'
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
JM Basic Fund from the JM Financial Mutual Fund has recently announced a dividend of 36% (I.e Rs. 3.60 per unit on the face value of Rs. 10). The Record Date for this is January 11, 2008. The earlier dividend is 45% in September 2007
The scheme is heavily into stocks in Construction, Metals & Metal Products and Basic/Engineering sectors, all of which has zommed and shown remarkable jumps in stock prices in the last one year or so.
Top holdings include Sintex Industries, PSL, Bharati Shipyard, Hindustan Construction Co. and Maharashtra Seamless.
The objective of the fund is “The scheme aims to invest in energy and petrochemical sector. It shall have the mandate to invest in Oil & Gas, Petrochemicals, Power Generation & Distribution, and Electrical Equipment Suppliers”. The NAV is at Rs. 29.1413 as of November 11, 2008.
January 14th, 2008
Birla Sun Life Mutual Fund announced a dividend for the Birla Midcap Fund. The dividend is 60% i.e Rs. 6 on the face value of Rs. 10 per unit. The record date for the dividend is December 28, 2007.
Birla Midcap Fund is an open ended fund launched in October 2002. The Year to Date returns till December 24, 2007 is 67.72 as agaist to the category average of 52.64. The fund’s NAV is at Rs. 38.86 and manages Net Assets of Rs. 659.13 Crores (as of November 30, 07).
The Scheme’s objectives are: The fund’s investment objective is long term growth of capital at controlled level of risk by investing primarily in ‘Mid-Cap’ Stocks. The level of risk is somewhat higher than a fund focused on large and liquid stocks. Concomitantly, the aim is to generate higher returns than a fund focused on large and liquid stocks.
Top Equity investments of the fund include Solar Explosives, Raymond, United Breweries, Bharat Bijlee and Jindal Steel & Power. The fund has a reasonable amount in diversified stocks followed by Financial Services, Metals & Metal Products, Construction and Basic/Engineering.
The earlier dividends of the fund are:
December 22, 2006: Rs. 3.5
February 6 2006: Rs. 2
December 25th, 2007
Templeton India Growth Fund popular as TIGT has announced a dividend of Rs. 4.50 per unit on a face value of Rs. 10. December 26, 2007 is set as the record date for dividend.
The scheme is launched in August 1996 and its NAV is 58.0036 as on December 20, 2007.
December 21st, 2007
Investors opting for Dividend in the Sahara Infrastructure Fund would get a dividend of 50% (Rs. 5 per unit on a face value of Rs. 10 November 30, 2007 will be taken as the record for the same.
The NAV for the fund is Rs. 18.3407. The Scheme’s objective is “The investment objective would be to provide distribution and /or medium to long term capital gains by investing in equity / equity related instruments of companies mainly in the infrastructure sector”.
November 27th, 2007
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