Mutual Fund Highlights – Dividends, New Launches, Mutual Fund House Actions

Forth Coming Dividends

Goldman Sachs Mutual Fund declares dividend under its schemes:

Goldman Sachs Mutual Fund has announced dividend under Goldman Sachs Derivative Fund and Goldman Sachs Equity & Derivatives Opportunities Fund. Accordingly, the quantum of dividend for distribution will be Rs.50 per unit for Goldman Sachs Derivative Fund on the face value of Rs.100 per unit and Rs.0.5 per unit for Goldman Sachs Equity & Derivatives Opportunities Fund on the face value of Rs.10 per unit. The record date for dividend distribution is 3rd September 2012.

New Launches

Union KBC Mutual Fund unveils Union KBC Capital Protection Oriented Fund – Series 1:

Union KBC Mutual Fund has unveiled a new scheme named as Union KBC Capital Protection Oriented Fund – Series 1, a close ended capital protection oriented scheme with duration of 3 years from the date of allotment. The new issue will be open for subscription from 3rd September 2012 and closes on 17th September 2012. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index and will be jointly managed by Mr. Ashish Ranawade and Mr. Parijat Agrawal.

News Circulars & Other News

JPMorgan Mutual Fund introduces two new options for its two schemes:

JPMorgan India Mutual Fund has announced the introduction of dividend payout and dividend reinvestment options under the retail and super institutional plans of JPMorgan India Liquid Fund and JPMorgan India Treasury Advantage Fund. The options shall be introduced from 4th September 2012.

Fund House Actions

Tata Mutual Fund announces merger of its two schemes:

Tata Mutual Fund has announced the merger of Tata Life Sciences & Technology Fund and Tata Services Industries Fund with Tata Equity Opportunities Fund. Investors will have an option to exit without payment of exit load before 14th September 2012. The merger will be effective from 14th September 2012.

IDFC Mutual Fund introduces two new options under its All Seasons Bond Fund:

IDFC Mutual Fund has announced the introduction of daily and weekly dividend reinvestment option under IDFC All Seasons Bond Fund. The options shall be introduced from 31st August 2012.