DSPML World Gold Fund, which opened for continuous purchases and sales this week, has seen a sharp appreciation in its NAV within the first couple of days of its opening.
The NAV stood at Rs 12.63 per unit on September 21.
This fund is a feeder fund which invests in the Merrill Lynch-managed World Gold Fund, which takes exposures to gold mining companies worldwide.
DBS Chola Mutual Fund has announced a dividend under its schemes DBS Chola Hedged Equity Fund and DBS Chola Triple Ace.
A dividend of 0.60 per unit and 0.50 per unit has been declared under the respective schemes. Record date for DBS Chola Hedged Equity Fund is September 25 and for DBS Chola Triple Ace is September 27.
Standard Chartered Mutual Fund has revised the load structure under Standard Chartered Classic Equity Fund and Standard Chartered Imperial Equity Fund with effect from October 01.
The fund will now charge an entry load of 2.25 per cent for investments less than Rs 5 crore.
An exit load of 1 per cent will be charged if redeemed within one-year from the date of allotment.
Kotak Mutual Fund has declared a dividend of Rs 2 per unit under its Kotak Balance Fund. The record date for the same is September 25.
Standard Chartered Mutual Fund has announced September 25 as the record date for the declaration of divided under its scheme Standard Chartered Half Yearly Series-I and Standard Chartered Quarterly Series –14.
The fund will declare the entire appreciation in the NAV as dividend.
JM Mutual has filed a draft offer document with SEBI for a new equity oriented scheme named JM Multi Strategy Fund. This fund intends to invest in a mix of equity, derivatives and fixed income instruments. Exposure to equity and equity related securities would range from 65-100 per cent. The fund will be benchmarked against the BSE 500.