The Hindu Business Line : Fund Update

Franklin Templeton Investments has announced a 30 per cent dividend under the dividend option of Franklin India Prima Plus. The record date is March 7.

Tata Mutual Fund has revised the load structure for Tata Growth Fund with effect from March 1. Henceforth, the fund will charge an entry load of 2.25 per cent for investment amount less than Rs 5 crore instead of Rs 2 crore. The fund management has removed the exit load of 2 per cent for the investment less than Rs 2 crore if redeemed within 24 months.

DBS Chola Mutual Fund has launched an open-ended equity fund DBS Chola Hedged Equity Fund. The fund seeks to generate long-term capital appreciation by investing in equity, equity related and derivatives instruments.

It seeks to minimise the risk by use of hedging tools such as index and stock derivatives instruments. The fund will invest 65-100 per cent of its corpus in equities and equity-related instruments and 0-35 percent in debt and money markets instruments. The scheme offers cumulative and dividend options.

The minimum application amount is Rs 5,000.The fund also offers SIP route for the investment. For investments below Rs 1 crore, an entry load of 2.5 per cent is applicable.

The fund has no exit load. However, if redeemed within six months, 0.50 per cent would be charged. The fund is managed by Mr R. Rajagopal and it is benchmarked against the S&P CNX Nifty index. The NFO opened on March 1 and closes on March 23.

MIN (Mutual Identification Number) stands withdrawn effective March 2. Investors have to give their PAN and such other documents and information as are required to comply with the Know-Your-Customer (KYC) rules under the Prevention of Money Laundering Act. The PAN will be the only identification and reference number.

More Stories on : Mutual Funds | New Fund Offer

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