ICICI Pru Interval Fund declares dividend
ICICI Mutual Fund has declared dividend of R0.25 per unit on the face value of R10 per unit under retail, institutional and institutional quarterly dividend payout options of ICICI Prudential for Interval Fund II —Quarterly Interval Plan D. The investment objective of the scheme is to generate optimal returns, consistent with moderate levels of risk and liquidity, by investing in debt securities and money market securities and the record date for dividend is June 11.
HDFC MF launches close-ended FMP
To generate regular income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the plan, HDFC MF has introduced a new fixed maturity plan. A close-ended fund, the offer closes for subscription on June 19. The scheme does not have any exit charge and offers both dividend payout and growth option.
Sundaram MF merges two funds
Sundaram Mutual Fund has approved the merger of Sundaram India Leadership Fund with Sundaram Growth Fund. The merger will be effective from July 11, 2012, and investors have been given an option to exit without payment of any exit load between June 11 and July 10.
Dividend on Peerless Short Term Fund
Peerless Mutual Fund has declared dividend of R0.10 per unit for the monthly dividend option of short term fund, an open ended debt fund on the face value of R10. The record date for dividend was June 11, 2012. The objective of the fund is to generate income and capital appreciation by investing in both debt and money market securities. However, the scheme does not assure or guarantee any returns. Says Akshay Gupta, managing director and chief executive officer, Peerless Funds Management Company, “The Peerless Short Term Fund aims to provide regular returns in the form of dividend to investors seeking a steady income.”
Kotak MF declares dividend
Kotak MF has declared declaration of dividend on the face value of R10 per unit under the dividend option of Kotak Quarterly Interval Plan Series 1. The record date for dividend has been fixed as June 13, 2012, and the investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.