The Hindu Business Line : Update

UTI Mutual Fund has declared a dividend of 20 per cent under UTI Midcap Fund,UTI Master Value Fund and UTI Transportation and Logistics Fund .Record date for all the schemes is June 15.

Baroda Pioneer Mutual Fund has launched a new open ended debt fund- Baroda Pioneer Treasury Advantage Fund. The NFO is open for subscription from June 10 to June 23 and is priced at Rs 10 per unit. The objective of the scheme is to provide optimal returns and liquidity through a portfolio of debt securities and money market instruments.

The scheme offers regular and institutional plan with dividend and growth option under each plan. The minimum investment amount under the regular plan will be Rs 5,000 and that under institutional plan will be Rs 1 crore. The scheme will charge an exit load of 0.10 per cent for redemption on or before three days from date of allotment. The scheme will be benchmarked against Crisil Liquid Fund Index.

IDFC Mutual fund is converting IDFC Enterprise Equity Fund into an open-ended scheme. The scheme will charge an entry load of 2.25 per cent for the investment amount less than Rs. 5 crore and an exit load of 2 per cent will be charged for the units purchased after the conversion and if the same is redeemed within two years.

The investment objective of the scheme is to generate capital growth from a portfolio of equity and equity related instruments. The scheme will be converted into an open ended scheme with effect from June 10th.

Religare Mutual Fund’s Religare Active Income Fund- Quarterly Dividend Option Regular Plan has declared June 15 as the record date for dividends. The quantum of dividend for individuals and HUFs will be 0.438 per cent and for others it will be 0.407 per cent.

IDFC Mutual Fund has declared dividend under its schemes IDFC Arbitrage fund for both Plan A and Plan B and IDFC Imperial Equity Fund for Plan B.

Under the plans, Arbitrage Fund dividend distribution will be Re 0.05 per unit and for the plan under the Imperial Equity Fund, dividend would be Rs 1.20 per unit. The record date for dividend distribution for both the schemes will be June 15.

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