Posts filed under 'Dividend Announcements'
DSPML Mutual Fund has announced a dividend of 50% i.e Rs. 5 per unit on a face value of Rs. 10. The record date for the distribution of dividend is fixed at May 23, 2008.
The NAV of the fund (Regular Plan) is Rs. 24.4560 per unit.
The objectives of the scheme are: “An Open Ended growth Scheme, seeking to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates, by market capitalisation, listed in India.”
The fund is more into Banks (10.35%), Software (10.12%), Petroleum Products (9.63%) amongst others. The funds leading equity stock investments include Reliance Industries (7.01%), Housing Development Finance Corporation (5.28%), Larsen & Toubro (4.98%) amongst others.
This is the seventh time that the scheme has announced dividend. The previous three dividends are: 15 Jun 2007 - Rs. 5.00; 10 Apr 2006 - Rs. 7.50; 30 Nov 2004 - Rs. 2.25
May 20th, 2008
SBI MF has done it once again. The announcement of a dividend of 40% on a face value of Rs. 10 or Rs. 4 per unit. May 16, 2008 will be taken as the record date for distribution of the dividends. The earlier dividend announcements are made in May 2007 and April 2006, both of which are of 40%
May 14th, 2008
UTI SPrEAD Fund from UTI Mutual Fund announced a dividend of 8%. This is the first dividend announcement from the fund scheme.
The scheme’s inception date is 22 June 2006 and comes into Open Ended Equity Oriented Scheme category. Mr. Harsha Upadhyaya is the fund manager of the scheme.
The objectives of the scheme are: “The investment objective of the scheme is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in equity & equity related securities, derivatives and the balance portion in debt securities. However, there can be no assurance that the investment objective of the scheme will be realised.”
The Asset Allocaiton of the scheme is as follows: ” Equity: 65-90%, derivatives 65-90%, money market & debt instruments 10-35%”
UTI SPrEAD Fund has Rs. 429.51 Crores as AUM (as of Jan 31, 2008). Its NAV is 11.478 (as of Feb 14, 2008)
Top holdings of the fund include Vijaya Bank, Allahabad Bank, Axis Bank, Sesa Goa and Union Bank of India.
The minimum investment in the scheme is Rs. 5000. There is no entry load into the scheme. Exit Load is 0.75% For < Rs.2 Crores; 0.50% For > = Rs.2 Crores (Effective from 15-Nov-2005). M/s. Karvy Computershare Pvt. Ltd. is the Registrar for this fund.
February 15th, 2008
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
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