The Hindu Business Line : Update

Franklin Templeton Investments announced a tax-free dividend of Rs 6 per unit in its fund Franklin India Prima Plus. The record date for the same is November 15.

Prudential ICICI AMC has launched Prudential ICICI Equity and Derivatives Fund (on November 8 ), an open-ended equity scheme. It aims to generate low volatility returns by investing in cash equities, equity derivatives and debt markets.

The new fund offer is open from November 8 to December 7. The scheme offers two options Income Optimiser Plan and Wealth Optimiser Plan. These plans will use different strategies to cater to the risk return profile of investors.

Income Optimiser Plan will reduce the downside risk by capping the cash equity at 5 per cent.

Wealth Optimisers Plan will predominantly generate capital appreciation by investing in cash equity 65- 80 per cent.

DSP Merrill Lynch has announced the change in fund manager for DSP Merrill Lynch Opportunities Fund. Mr Anup Maheswari will manage this fund in place of Mr Soumendra Nath Lahiri with effect from November 15.

HDFC Mutual Fund has decided to revise the load structure of HDFC Multiple Yield Fund Plan 2005.The Fund has waived the entry load with effect from November 17 till November 30. From December 1 the entry load is 1 per cent. There is no change in exit load.

Lotus India Mutual has launched its maiden scheme - Lotus India Liquid Fund. The open-ended fund seeks to invest in a liquid portfolio of money market instruments, government securities and corporate debt. The NFO is open from November 13-16. Lotus India Asset Management Company is a joint venture between Fullerton Fund Management Group and Sabre Capital Worldwide.

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