Posts filed under 'Fund Houses & AMCs'
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
Investors of HDFC Mutual Fund Online can now make their online investments using their ICICI Bank Account. HDFC Mutual Fund is sending mailers to its customers who have mentioned ICICI Bank as their banker to use the HPIN that HDFC MF gives to access their investments online.
ICICI Bank is the largest private sector bank and needless to say, this option by HDFC MF brings in cheer to millions of its customers who have their bank accounts with ICICI Bank.
June 18th, 2008
The draft offer documents of the following New Fund Offers submitted to SEBI and put on its website for public view and commenting:
ICICI Prudential FMP Series 46
June 16th, 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
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
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