It is fixed maturity plans season once again what with short-term rates looking good. UTI Mutual is the recent candidate to launch its 370-day FMP called UTI Fixed Income Fund Series X – III. The fund has set the minimum investment amount at Rs 10,000 for dividend plan and Rs 5000 under the growth scheme. It is open for subscription from July 26-30.

ICICI Pru Fixed Multiple Yield Fund Plan C is the new debt-oriented scheme from the ICIC Prudential stable. This three-year close ended scheme will invest primarily in a portfolio of fixed income securities and debt instruments. Its mandate also allows it to invest up to 30 per cent of assets in equity and equity-related instruments. The fund is open for subscription from July 29 to August 12.

Tata Mutual has declared a dividend of 10 per cent Re 1 per face value of Rs 10) under Tata Dividend Yield Fund. The record date for dividend has been fixed as July 27. The fund has declared a similar rate of dividend in March 2011 as well.

ICICI Prudential Mutual has changed the benchmark index in seven of its schemes. The new benchmark for the schemes are: ICIC Pru Top 200 will have BSE 200 as the new index, ICIC Pru Tax Plan's index will be CNX 500, ICICI Pru Discovery and Emerging S.T.A.R to have CNX Midcap as benchmark, ICICI Pru Infrastructure to have CNX Infra index, ICICI Pru Services Industries will be benchmarked against CNX Services Sector Index and ICIC Pru Blended Plan A will have Crisil Liquid Fund Index. The change is effective June 21, 2011.

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