The Hindu Business Line : ING launches OptiMix Income Growth Fund

Tata Mutual Fund has announced a dividend of 50 per cent under Tata Equity Opportunities Fund. The record date for the dividend is March 20, 2006.

Prinicpal Mutual Fund has declared dividends under various equity fund schemes. A dividend of 25 per cent has been declared under the Principal Growth Fund and 65 per cent under Principal Resurgent India Equity Fund. The record dates for the above two schemes are March 20 and March 23 respectively. The fund house has also declared a dividend of 100 per cent under Principal Personal Taxsaver Fund. The record date for the dividend is March 13.

OptiMix, a division of ING Investment Management, has launched a multi-manager fund of funds that would invest in debt and equity schemes of other fund houses. The scheme named as OptiMix Income Growth Multi-Manager Fund of Funds offers two plans.

The first plan would invest up to 15 per cent in equity and rest in debt funds while the second plan would invest up to 30 per cent in equity funds and remaining in debt funds. The new fund offer is open from March 9 to April 07. An entry load of 1 per cent would be charged for investments below Rs.5 crore.

ABN Amro Mutual Fund plans to launch an equity fund called ABN Amro Future Leaders Fund. The scheme plans to invest in companies with high growth opportunities in the mid and small-cap segment.

At least 65 per cent of the assets will be invested in such companies termed as `Future Leaders' and up to 35 per cent in companies other than the above category. The performance of the fund would be benchmarked against the CNX Midcap index. The new fund offer opens on March 12 and closes on April 7. There will be no entry load during the offer period.

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