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DSP BlackRock Mutual Fund has declared 0.1333 per cent dividend under dividend payout option scheme named as “DSP BlackRock Income Opportunities Fund - Institutional Plan”, on the face value of Rs 1000 per unit. The record date for the dividend was May 16, 2012. The NAV of scheme as on May 18, 2012 was at Rs 1036.7402.
As on April 30, 2012, the scheme allocated 47.4 per cent in bonds, 30 per cent in certificate of deposits, 13.5 per cent in CBLO/ Reverse Repo, 7.6 per cent in commercial paper and remaining 1.5 per cent in net receivables.
The investment objective of ‘DSP BlackRock Income Opportunities Fund - Institutional Plan’, an open ended debt-floater scheme, was to generate income commensurate with prudent risk from a portfolio substantially constituted of floating rate debt securities and fixed rate securities swapped for floating rate returns.
The performance of the scheme was standardized against Crisil Liquid Fund Index and Dhawal Dalal was the fund manager of the scheme.
Source - zeenews.india
http://t.in.com/2jaR
...
DSP BlackRock Mutual Fund has declared 0.1209 per cent dividend under monthly dividend payout option scheme named as “DSP BlackRock Income Opportunities Fund”, on the face value of Rs 10 per unit. The record date for the dividend was May 16, 2012. The NAV of scheme as on May 18, 2012 was at Rs 10.0602.
As on April 30, 2012, the scheme allocated 47.4 per cent in bonds, 30 per cent in certificate of deposits, 13.5 per cent in CBLO/ Reverse Repo, 7.6 per cent in commercial paper and remaining 1.5 per cent in net receivables.
The investment objective of ‘DSP BlackRock Income Opportunities Fund’, an open ended debt-floater scheme, was to generate income commensurate with prudent risk from a portfolio substantially constituted of floating rate debt securities and fixed rate debt securities swapped for floating rate returns.
The performance of the scheme was standardized against Crisil Liquid Fund Index and Dhawal Dalal was the fund manager of the scheme.
Source - zeenews.india
http://t.in.com/2jaR...
Sundaram Mutual Fund has declared 0.1806 per cent dividend under monthly dividend payout option scheme named as “Sundaram Select Debt - Short Term Asset Plan”, on the face value of Rs 10 per unit. The record date for the dividend was May 16, 2012. The NAV of scheme as on May 18, 2012 was at Rs 11.7305.
As on April 30, 2012, the scheme allocated 84.7 per cent in certificate of deposits, 10.9 per cent in bonds, 2.5 per cent in CBLO/ Reverse Repo and remaining 1.9 per cent in cash.
The investment objective of ‘Sundaram Select Debt - Short Term Asset Plan’, an open ended debt-short term scheme, was to earn regular income by investing primarily in fixed income securities, which may be paid as dividend or reinvested at the option of the investor.
The performance of the scheme was standardized against Crisil Liquid Fund Index and Dwijendra Srivastava was the fund manager of the scheme.
Source - zeenews.india
http://t.in.com/2jaR...
Sundaram Mutual Fund has declared 0.1286 per cent dividend under monthly dividend payout option scheme named as “Sundaram Ultra Short Term Fund”, on the face value of Rs 10 per unit. The record date for the dividend was May 16, 2012. The NAV of scheme as on May 18, 2012 was at Rs 10.4142.
As on April 30, 2012, the scheme allocated 42.7 per cent in certificate of deposits, 41.1 per cent in commercial paper, 12.5 per cent in bonds, 3 per cent in cash and remaining 0.8 per cent in CBLO/ Reverse Repo.
The investment objective of ‘Sundaram Ultra Short Term Fund’, an open ended liquid fund scheme, was to provide a level of income consistent with liquidity through investments made primarily in money -market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved.
The performance of the scheme was standardized against Crisil Liquid Fund Index and Dwijendra Srivastava was the fund manager of the scheme.
Source - zeenews.india
http://t.in.com/2jaR...
The board of directors of UTI Asset Management is meeting today to finalize the new selection process for CEO. The company`s fifth-largest fund house after remaining in headless for over 15 months, hopes to get a new CEO within three months after the finalization of new selection process. Fund House`s prior efforts in shortlisting the new CEO came under heavy criticism over the issue of appointing Jitesh Khosla, a civil servant, as the new chief of UTI Mutual Fund as his name did not figure in the final list prepared by executive search firm Egon Zehnder and human resource committee of the fund house. A person close to the development told media, "The board members have got the letter from shareholders asking them to restart the process again; the board is clear that they have to be fully involved in the appointment process." Last CEO of UTI Mutual Fund was UK Sinha who moved out in february 2011 after being appointed as SEBI Chairman. Currently, Imtaiyazur Rahman is serving as interim CEO for the fund house. Due to unavailability of full time CEO, UTI is debarred from launching the new schemes as per the SEBI`s diktat. This has caused 10 per cent drop in UTI`s assets.
Source - zeenews.india
http://t.in.com/2jaR...
Reliance Mutual Fund launched a new close ended income scheme named “Reliance Fixed Horizon Fund - XXII - Series 8,” with maturity time of 369 days.
The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription today and will close on May 28.
According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount was Rs 5,000 and in multiples of Rs 1 thereafter. The two options were available under the Plan of the Scheme viz. Growth and Dividend Payout option.
The performance of the scheme will be standardized against CRISIL Short Term Bond Fund Index and Amit Tripathi will be the Fund Manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and growth of capital will be met, through investments in a diversified portfolio of central and state government securities and other fixed income/ debt securities. Hence, the scheme will allocate 40 to 100 per cent of assets in money market instruments and 0 to 60 per cent in government securities issued by central &/or state govt & other fixed income.
Source - zeenews.india
http://t.in.com/2jaR
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ICICI Prudential Mutual Fund launched a new close ended debt scheme named “ICICI Prudential Fixed Maturity Plan-Series 63-3 Year Plan K,” with maturity time of 1098 days.
The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription today and will close on May 28.
According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount was Rs 5,000 and in multiples of Rs 10 thereafter. The two options were available under the Plan of the Scheme viz. Cumulative and Dividend Payout option.
The performance of the scheme will be standardized against CRISIL Short Term Bond Fund Index and Chaitanya Pande will be the Fund Manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate regular returns will be met, through investments in a portfolio of fixed income securities/debt instruments. Hence, the scheme will allocate 0 to 100 per cent of assets in Short term and medium term debt securities.
Source - zeenews.india
http://t.in.com/2jaR
...
DSP BlackRock Mutual Fund launched a new close ended income scheme named “DSP BlackRock FMP - Series 50 - 3M,” with maturity time of 3 months.
The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription today and will close on May 24.
According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount was Rs 5,000 and in multiples of Rs 1 thereafter. The two options were available under the Plan of the Scheme viz. Growth and Dividend Payout option.
The performance of the scheme will be standardized against CRISIL Liquid Fund Index and Dhawal Dalal will be the Fund Manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and capital appreciation will be met, through investments in portfolio of debt and money market securities. Hence, the scheme will allocate 0 to 100 per cent of assets in debt and money market securities.
Source - zeenews.india
http://t.in.com/2jaR
...
Birla Sun Life Mutual Fund launched a new close ended income scheme named “Birla Sun Life Fixed Term Plan - Series FK,” with maturity time of 366 days.
The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription today and will also close today.
According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount was Rs 5,000 and in multiples of Rs 10 thereafter. The two options were available under the Plan of the Scheme viz. Growth and Dividend Payout option.
The performance of the scheme will be standardized against CRISIL Short Term Bond Fund Index and Kaustubh Gupta will be the Fund Manager of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met, through investments in a portfolio of fixed income securities. Hence, the scheme will allocate 60 to 100 per cent of assets in debt and money market instruments and 0 to 40 per cent in government securities.
Source - zeenews.india
http://t.in.com/2jaR
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I have invested monthly 7000 in relaince gold fund,3000 in idfc priemere 3000 in hdfc tax saver and 2000 in kotak midcap so wt amount i get by 10 years from nw????...
