Business Daily from THE HINDU group of publications
Sunday, Jul 05, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, Jul 05, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Investment World
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Mutual Funds Markets - Dividend Announcement SEBI’s regulation forbidding mutual fund entry loads will come into effect from August 1. The measure will allow the investors to decide on the commission to be paid to the distributors. Edelweiss Mutual Fund has changed the benchmark of its scheme Edelweiss Diversified Growth Equity Fund. The benchmark index of the fund has changed from the BSE-500 index to S&P CNX Nifty index. The revision took effect on July 1. The new benchmark better reflects the fund’s investment strategy. Since the fund does not restrict itself from investing in any particular size or type of company, it has taken a broad-based index. Canara Robeco Mutual Fund has declared dividend under its scheme Canara Robeco Income Fund. The quantum of dividend decided for distribution is 7.50 per cent — that is, Re 0.75 per unit on the face value of Rs 10 per unit. The record date is July 6. The scheme’s investment objective is to generate income through investment in debt and money market securities of different maturity and issuers of different risk profiles. More Stories on : Mutual Funds | Dividend Announcement
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