Union KBC Mutual Fund has launched a new fund named as Union KBC Tax Saver Scheme- an open ended equity linked savings scheme with lock in period of three years. The investment objective of the scheme is to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities. No exit load will be charged under the scheme. The performance of the scheme will benchmarked against BSE 100 index. The issue will be open for subscription from November 8 to December 9, at a price of Rs 10 per unit.

Tata Mutual Fund has announced dividend for Tata Equity P/E Fund under dividend trigger option A - 5%. The quantum of dividend for distribution will be Rs 1.25 per unit on the face value of Rs 10 per unit. The record date is November 8.

Pramerica Mutual Fund has revised exit load structure under Pramerica Dynamic Fund, Pramerica Equity Fund and Pramerica Dynamic Monthly Income Fund. The schemes will charge a two per cent exit load if the units are redeemed or switched-out on or before 365 days of allotment and a one per cent exit load if the units are redeemed or switched-out after 365 days but before 730 days of allotment.

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