Forth Coming Dividends
ICICI Prudential Mutual Fund declares dividend for its schemes
ICICI Prudential Mutual Fund has declared dividend under ICICI Prudential Fixed Maturity Plan Series 63-750 Days Plan Fand ICICI Prudential Fixed Maturity Plan Series 59-1 Year Plan D, on the face value of Rs. 10 per unit. The quantum of dividend for distribution under the dividend option will be Rs. 0.4407 per unit for ICICI Prudential Fixed Maturity Plan Series 63-750 Days Plan F and Rs. 0.05 per unit for ICICI Prudential Fixed Maturity Plan Series 59-1 Year Plan D. The record date for dividend distribution has been fixed as 14th September 2012.
Merger of Schemes
SBI Mutual Fund announces restructuring and merger of schemes
SBI Mutual Fund has announced the restructuring of SBI Magnum Income Plus Fund – Savings Plan and the merger of SBI Magnum NRI Investment Fund- Flexi Asset Plan into SBI EDGE Fund, with effect from 5th October 2012. Investors will have an option to exit without payment of any exit load from 6th September 2012 till 5th October 2012.
News Circulars & Other News
Reliance Mutual Fund announces change in the names of the existing Exchange Traded Schemes
Reliance Mutual Fund has decided to change the names of the following existing Exchange Traded Schemes with effect from 17th September 2012. Accordingly, Reliance Banking Exchange Traded Fund will be renamed as R* Shares Banking Exchange Traded Fund and Reliance Gold Exchange Traded Fund as R* Shares Gold Exchange Traded Fund. There is only a change in the names of the Schemes and all other terms and conditions/ features governing the above mentioned schemes shall remain unchanged.
Fund House Actions
Pramerica Mutual Fund announces change in fund management responsibilities
Pramerica Mutual Fund has announced change in fund management responsibilities for certain schemes, with effect from 31st August 2012. Accordingly, Mr. Brahmaprakash Singh has been designated as Fund Manager of Pramerica Equity Fund, Pramerica Dynamic Fund and Pramerica Dynamic Monthly Income Fund (Equity Portion). He has replaced Mr. Ravi Gopalakrishnan.
Tata Mutual Fund revises minimum additional purchase and redemption units for its scheme
Tata Mutual Fund has announced certain changes under Tata Floater Fund, with effect from 10th September 2012. Accordingly, the minimum amount for additional purchase in the scheme would increase from Rs.1000 to Rs.10000. Moreover, the revised minimum redemption would be Rs. 1000 or 1 unit instead of Rs.1000 or 100 units.