Business Daily from THE HINDU group of publications
Sunday, Dec 14, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, Dec 14, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Investment World
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Dividend Announcement Markets - Mutual Funds JM Financial Mutual has declared a dividend of 2.2 per cent in JM Arbitrage Advantage Fund and 1.6 per cent in JM Equity& Derivative Fund. The record date for the both the schemes is December 16. UTI Mutual Fund has announced that the fund will not charge any entry load under UTI Gold exchange traded fund, with effect from December 12. The fund currently charges an entry load of 2 per cent. Franklin Templeton Mutual Fund has declared a dividend of 30 per cent under Franklin India Tax shield and 12 per cent in Templeton India Pension Plan. The record date is December 17. ICICI Prudential Mutual Fund has announced change in exit load under ICICI Prudential Income Plan and ICICI Prudential Gilt Fund (excluding systematic investment plan and systematic transfer plan). Under the income plan, an exit load of two per cent will be charged on the applicable NAV if the units are redeemed or switched out within six months from the date of allotment. The exit load will be 1.5 per cent if redeemed between six months and a year. If units are redeemed after a year but less than eighteen months, an exit load of one per cent will be charged. Under the Gilt Fund an exit load of one per cent will be charged if redeemed or switched out within a year from the date of allotment. More Stories on : Dividend Announcement | Mutual Funds
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