The Hindu Business Line : Fund Update

Bharti AXA Investment Managers has launched a ‘Liquid’ Fund. The minimum investment is Rs 5,000 for the retail plan and Rs 1 crore for the institution plan. The NFO closes on July 14.

Bharti AXA Investment Managers has also launched a ‘Treasury Plus’ fund. The minimum investment is Rs 5,000 for retail plan and Rs 1 crore for the institutional Plan. The NFO closes on July 14 and its benchmark for returns is the Crisil Liquid Fund Index.

Escort Mutual Fund has launched a ‘Leading Sectors’ fund with a face value of Rs 10 per unit. The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter. The fund will invest up to 70 per cent in equities and 30 per cent in debt. The NFO closes on August 1.The scheme offers growth and dividend options.

Birla Sun Life Mutual Fund has announced dividend under its three equity schemes, Birla Sun Life Tax Relief ’96 Fund, Birla Mid-Cap Fund, and Birla Sun Life New Millennium Fund. The quantum of dividend declared under the above schemes are 50 per cent, 20 per cent, and 10 per cent respectively, all on a face value of Rs 10 per unit. The record date for the dividends announced has been fixed as June 27.

IDFC Mutual Fund has declared a tax-free dividend of 0.5 per cent (Rs 0.05 per unit on face value of Rs 10). The record date for the dividend is July 10. All unit holders registered under the dividend option of IDFC Arbitrage Fund-Plan A as well as Plan B as on the record date will be eligible for the dividend.

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