The Hindu Business Line : Fund Update

LIC Mutual Fund has declared a dividend of 25 per cent for each of its three equity schemes, LIC MF Tax Plan, LIC MF Equity, LIC MF Opportunities. The record date for all three schemes is October 23.

UTI Mutual Fund has announced the merger of Unit Scheme 2002 with UTI Balanced. Post-merger, the asset allocation of UTI Balanced would be revised. Investors of Unit Scheme 2002 have been provided with an option to exit from the scheme at the prevalent NAV and without any exit load from October 23 to November 21.

Morgan Stanley Mutual Fund has announced a dividend of 20 per cent under Morgan Stanley Growth Fund. The record date is October 27.

Franklin Templeton Investments has announced the launch of its capital-protection-oriented scheme, Franklin Templeton Capital Safety Fund. The new fund offer (NFO) period will commence on October 31 and close on November 30.

The scheme will be benchmarked against the Crisil MIP Blended Index, and will be managed by Mr Santosh Kamath (debt portion) and Mr Satish Ramanathan (equity portion). In addition, investors can choose between the three-year and five-year plans, with the option of growth and dividend. The minimum investment is Rs 10,000.

Tata Mutual Fund has decided to change the load structure of its Tata Young Citizens Fund with effect from October 17. The fund-house will charge an entry of 2.5 per cent under compulsory lock-in option as well as the any-time exit option. Under the any-time exit option, the fund-house has decided to charge varied exit loads based on the period of redemption as well as the age of the child. The change in load structure is applicable to both the one-time investment plan and the SIP.

More Stories on : Mutual Funds | Mutual Funds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page