Posts filed under 'ICICI Prudential MF'
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
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
ICICI Prudential Mutual Fund
ICICI Prudential FMP series 33 - Plan A
ICICI Prudential FMP series 42 - 16 Mths Plan
ICICI Prudential Fusion Fund Series-III
Lotus India Mutual Fund
LOTUS INDIA FIXED MATURITY PLAN -15 MONTHS-SERIES II
LOTUS INDIA FIXED MATURITY PLAN-375 DAYS-SERIES VI
Lotus India MID N SMALL CAP Fund
Sahara Mutual Fund
Sahara Classic Fund
January 15th, 2008
SBI Mutual Fund announced a dividend of 25% Dividend in Magnum MultiCap Fund. Unit holders will get Rs. 2.5 per unit. The record date is fixed as January 18, 2008. The NAV of the fund is Rs. 20.2 as on January 14, 2008.
The Investment objective of the fund is: “To provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum, debt and money market instruments”. The scheme puts 50-90% in Large cap, 10 – 40% in Mid cap and 0 to 10% in Small cap.
This dividend is the second such since the launch of the scheme in September 2005. The earlier dividend is 20% announced in January 2007.
January 14th, 2008
A dividend of Rs. 2 per unit on a face value of Rs. 10 is announced for the scheme. The record date for the above dividends is January 18, 2008.
The scheme has a large holding in Technology, Metals & Metal Products, Construction and Services sector. The scheme as India Infoline, Deccan Chronicle Holdings, Sintex Industries, Patel Engineering Co and Welspun-Gujarat Stahl Rohren as its major holdings. The NAV of the scheme is Rs. 29.62 (as of January 14, 2008).
The investiment objective of the scheme is “To generate capital appreciation by actively investing in diversified mid cap stocks. The Scheme will invest primarily in companies that have a market capitalization between Rs. 100 crores to Rs. 2000 crores.”
The earlier dividend announcement of the scheme is on 20 July 2007 when a dividend of Rs. 2.5 per unit announced.
January 14th, 2008
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