Financial Daily from THE HINDU group of publications
Sunday, Mar 13, 2005
Financial Daily from THE HINDU group of publications Sunday, Mar 13, 2005 |
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Investment World
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Mutual Funds Markets - Mutual Funds Columns - Fund Watch ABN AMRO launches Opportunities Fund
* ABN AMRO has unveiled ABN AMRO Opportunities Fund. The fund will identify opportunities across all ranges of capitalisation. It will also retain the flexibility to hold more concentrated investments in a few sectors. The IPO, which opened on March 9, closes on March 30.
* Fidelity Investments, one of the world's largest mutual fund managers, will unveil its first product in India on March 15.
* Franklin Flexicap Fund has changed its load structure. All new investments in the fund will now attract an entry load of 2.25 per cent. Earlier, the entry load was charged only on investments of less than Rs 5 crore. The fund has waived the exit load of 1 per cent on all exits within the first year. These changes will be applicable only to new investments in the fund.
* UTI Grandmaster, an equity fund launched in 1993, will be renamed UTI Opportunities Fund. UTI Mutual Fund also proposes to merge other small funds with it, as a part of a scheme rationalisation exercise.
* The UTI Growth and Value Fund has declared a 25 per cent dividend on its annual dividend plan and 50 per cent under its half-yearly dividend plan. The record date is March 10 for the annual dividend and March 29 for the half-yearly dividend plan.
* LIC Mutual Fund has declared dividends under LIC Equity Fund (Rs 1 per unit), LIC Tax Plan (Rs 3 per unit), LIC Balanced Fund (Rs 0.85 per unit) and LIC Unit Linked Insurance Scheme (Rs 1.15 per unit). These dividends will be paid only to dividend plan holders. The record dates are March 11, March 14 , March 11 and March 10 respectively for the four funds.
* Chola Midcap Fund has declared a dividend of 10 per cent with the record date on March 14.
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