• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mirae Asset Management Company has revised the load structure of the Systematic Plan of Mirae Asset India Opportunities Fund which will be effective from May 12, 2008. The new entry load would be 2.25 per cent on monthly and quarterly SIP. An exit load of 1 per cent will be charged for redemptions before 12 months from date of allotment.

Reliance Mutual Fund has announced the launch of Reliance Banking Exchange Traded Fund (RBETF), an open-ended, exchange-listed, index-linked scheme. Its investment objective is to provide returns that, before expenses, closely correspond to the total returns of the CNX Bank Index.

The new fund offer is open for subscription from May 12 to May 30, 2008. The RBETF will invest at least 90 per cent of its total assets in the stocks of the underlying index, and might hold up to 10 per cent of its total assets in stocks not included in the underlying index. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter.

Franklin Templeton asset management company (AMC) declared a dividend of 30 per cent per unit on face value of Rs 10 each, under the dividend option of Franklin Templeton India Balanced Fund. The record date is May 21.

More Stories on : Mutual Funds | New Fund Offer | Dividend Announcement

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

Stories in this Section
Cashless cover

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line