The Hindu Business Line : Update

Franklin Templeton Investments has declared a dividend of Rs 3 per unit, or 30 per cent, under Franklin India Opportunities. The record date for the dividend payout is September 13.

PruICICI Mutual has revised exit loads for purchases/ switch-ins applicable only between September 15 and October 16, as follows. For PruICICI Power, PruICICI Dynamic, PruICICI Discovery, PruICICI Tax Plan and PruICICI Balanced, 0.50 per cent will be charged as exit load if investments made for an amount less than Rs 5 crore are redeemed within six months. Investments up to Rs 5 crore in PruICICI Income Multiplier will attract a load of 1.25 per cent if redeemed within 12 months.

In the Monthly Income Plan, 0.75 per cent will be charged if investments of less than Rs 10 lakh are redeemed within six months. For both plans under PruICICI Child Care, an exit load of 1.25 per cent will be charged on redemption within three years of investment.

PruICICI Mutual has declared a dividend of 10 per cent under PruICICI Infrastructure fund. The record date is September 15.

UTI Mutual Fund has declared a dividend of 15 per cent in UTI Growth & Value. The record date is September 15.

SBI Mutual is launching SBI Arbitrage Opportunities Fund. The open-ended fund will invest 65-85 per cent in equity and derivative instruments such as index futures, stock futures, index options and stock options, and 15-35 per cent in debt and money market instruments.

The minimum investment is Rs 25,000. Dividend and growth options are offered. The offer opens on September 15 and closes on October 13.

DSPML Mutual Fund has filed its offer document for its gold-based exchange traded fund. The minimum investment under the scheme is Rs 5,000 and in multiples of Rs 1,000 thereafter.

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