The Hindu Business Line : Fund Update

Franklin Templeton Mutual Fund has declared a dividend of 40 per cent and 20 per cent in Templeton India Growth and Templeton India Pension Plan respectively. The record date is December 20.

UTI Mutual Fund has launched UTI-Capital Protection Oriented scheme-series I, a close-ended scheme that seeks to protect capital at the end of the term. The new fund offer opens on December 26 and closes on January 25. The fund will offer three-year and five-year plans. It will invest primarily in high-quality fixed-income securities and generate capital appreciation by investing in equity.

The scheme will have growth and dividend payout options. The minimum initial investment is Rs 10, 000 for the dividend option and Rs 5, 000 for the growth option. The scheme's portfolio structure has been rated AAA (SO) by Crisil and benchmarked against the Crisil MIP Blended Index.

HSBC Mutual Fund has extended the offer period for HSBC Tax Saver Equity Fund to December 19. The offer was scheduled to close on December 15.

OptiMix has extended the new fund offer period for its close-ended fund of funds scheme, Optimix Dynamic Multi-Manager FoF Series II to December 22, from the earlier scheduled close of December 20.

Reliance Regular Savings Fund Hybrid Option has changed its name to Reliance Regular Savings Fund Balanced Option. The asset allocation will be 25-50 per cent for debt and 50-75 per cent in equity. The fund has also revised the charges for entry load for subscription below Rs 2 crore to 2.25 per cent and for subscriptions above Rs 2 crore and below Rs 5 crore to 1 per cent. There is no entry load for subscriptions over Rs 5 crore.

Birla Sun Life Asset Management Company (BSL AMC) has appointed Mr Mukul Gupta as its CEO.

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