Draft offer documents of the following Mutual fund schemes are submitted to SEBI for approval and are now put on SEBI website for public view and commenting:
DWS Treasury Plus Fund
ICICI Prudential SMART Fund Series I-N
IDFC Monthly Interval Fund Plan A and B
Kotak FMP 36M-S2, 60M-SI
Religare Aegon FMP Sr.1
Templeton Fixed Horizon Fund - Series XIII
Add commentOctober 7th, 2008
Draft offer documents of the following Mutual fund schemes are submitted to SEBI for approval and are now put on SEBI website for public view and commenting:
ICICI Prudential R.I.G.H.T Fund
Sundaram BNP Paribas FTP - 16-24 Months- Series P-X
Sundaram BNP Paribas FTP 180 days 1-3
2 commentsSeptember 30th, 2008
Add commentSeptember 12th, 2008
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.
Add commentSeptember 11th, 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.
Add commentJune 24th, 2008
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