The Hindu Business Line : Update

SAHARA MUTUAL FUND has launched Sahara Super 20 Fund, an open ended growth scheme. This new fund offer, which opened on June 25, will remain open till July 23. The investment objective of the scheme would be to provide long term capital appreciation by investing in equity and equity-related securities of around 20 companies selected out of the top 100 largest market capitalisation companies, at the point of investment. The scheme will charge an exit load of 1 per cent for investment amount greater than Rs 1 crore, if the same is redeemed before one year. The scheme also levies an entry load of 2.25 per cent. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme is benchmarked against S&P CNX Nifty.

MIRAE ASSET Mutual Fund has launched an open ended debt scheme, Mirae Asset Short Term Bond Fund. The scheme is open for subscription and will close on July 22. The investment objective of the scheme is to generate returns through an actively managed diversified portfolio of debt and money market instruments. The fund offers regular and institutional plans, which will further offer growth and dividend option. The minimum application amount under regular plan is Rs 5,000 and that under institutional plan is Rs 10 lakh. When redeemed within 90 days, the scheme will charge an exit load of 0.5 per cent for the regular plan and when redeemed within 15 days of allotment, exit load will be at 0.15 per cent for the institutional plan.

CANARA ROBECO Mutual Fund introduced weekly dividend payout facility under its scheme Canara Robeco Liquid Fund under super institutional plan on June 25. The scheme had previously been offering fortnightly , monthly and weekly dividends and dividend reinvestment facilities under the super institutional plan. The investment objective of the scheme is to provide high liquidity and reasonable income through investment in short term debt and money market instruments.

TATA MUTUAL Fund has declared dividend under Tata Equity Opportunities fund. The quantum of dividend declaration will be 15 per cent or Rs 1.50 per unit. The record date for the same is June 26.

More Stories on : New Fund Offer | Dividend Announcement

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