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JM Financial Mutual Fund has announced conversion of its three-year close-ended scheme JM Core 11 Fund – Series 1, into an open-ended one, with effect from March 5. Investors who want to exit from the scheme can redeem their units between February 3 and March 4 without incurring any exit load.
Escorts Mutual Fund has declared a dividend of Rs 0.07 per unit under Escorts Income Plan and Rs 0.0981 per unit under Escorts Opportunities Fund. The record date for dividend is February 7.
HDFC Mutual Fund has declared dividends of Rs 4 per unit on HDFC Long Term Advantage Fund and Rs 1.50 per unit on HDFC Premier Multi-Cap Fund. The record date for dividend under both the schemes is February 10.
IDFC Mutual Fund has improved operational facilities to investors who opt for Systematic Investment Plan (SIP). Under this new facility, an investor can register a SIP along with ECS mandate without providing the initial cheque. The SIP instalment shall get activated for the amount opted by the investors in the SIP form. The gap between the SIP registration date and the first instalment shall be at least 30 days.
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