IDBI Nifty 50 Exchange Traded Fund Floats On

NFO period is from 01 September to 07 September 2016 

IDBI Mutual Fund has launched a new fund named as IDBI Nifty 50 Exchange Traded Fund, an open ended index exchange traded fund. The (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 01 September to 07 September 2016. 

The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index (Nifty 50 Index), subject to tracking error, by holding the constituents of Nifty 50 Index in the portfolio in same proportion as that of the Index. 

The scheme shall invest 95%-100% of assets in securities covered by the Nifty 50 Index with medium to high risk profile and invest upto 5% of assets in money market instruments (with residual maturity not exceeding 91 days) including CBLO and units of IDBI Liquid Fund with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiple of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry load: Not applicable. 

Exit load: Nil. 

Benchmark Index for the scheme is Nifty 50 Index. 

The fund manager of the scheme is Anshul Mishra. 

SBI Dual Advantage Fund – Series XVII Floats On

NFO period is from 23 August to 06 September 2016 

SBI Mutual Fund has unveiled a new fund named as SBI Dual Advantage Fund – Series XVII, a close ended hybrid scheme. The tenure of the scheme is 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 23 August and close on 06 September 2016. 

The primary investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the maturity of the scheme. The secondary objective is to generate capital appreciation by investing a portion of the scheme corpus in equity and equity related instruments. 

The scheme offers regular and direct plan. Both the plans will have growth and dividend option. 

The scheme will invest 55%-95% of assets in debt and debt related instruments, invest upto 10% of assets in money market instruments with low to medium risk profile and invest 5%-35% of assets in equity and equity related instruments including derivatives with high risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. 

Entry and exit load charge will be not applicable. 

The units of the scheme will be listed on BSE in order to provide liquidity. 

Benchmark Index for the scheme is CRISIL MIP Blended Fund Index. 

Rajeev Radhakrishnan shall manage debt portion and Dharmendra Grover shall manage investments in equity & equity related instruments of the scheme. 

Kotak Balance Fund Announces Dividend

Record date for dividend is 25 August 2016 

Kotak Mutual Fund has announced 25 August 2016 as the record date for declaration of dividend under the dividend option of Kotak Balance Fund, an open ended balanced scheme. 

The amount of dividend on the face value of Rs 10 per unit will be: 

Regular Plan-Dividend Option: Rs 0.08 per unit.
Direct Plan - Dividend Option: Re 0.08 per unit.

HDFC Prudence Fund Announces Dividend

Record date for dividend is 25 August 2016

HDFC Mutual Fund has announced 25 August 2016 as the record date for declaration of dividend under the regular plan-dividend option (payout and reinvestment) and direct plan-dividend option (payout and reinvestment) of HDFC Prudence Fund. 

The amount of dividend will be Rs 0.30 per unit under each plan / option on the face value of Rs 10 per unit.

ICICI Prudential Multiple Yield Fund - Series 11 – Plan B (1394 Days) Floats On

NFO period is from 23 August 2016 to 06 September 2016 

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Multiple Yield Fund - Series 11 – Plan B (1394 Days), a close ended income fund. The tenure of the plan is 1394 days from the date of allotment of units. The new fund offer price for the scheme is Rs 10 per unit. The new issue will open for subscription from 23 August to 06 September 2016. 

The primary objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments. The secondary objective of the scheme is to generate long term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments. 

The scheme offers direct and regular plan. Each plan will offer cumulative and dividend option. Dividend payout is the only facility available under dividend option. 

The scheme will allocate 65% to 95% of assets in debt securities (including government securities) with low to medium risk profile. It would allocate upto 30% of assets in money market instruments, cash and cash equivalents with low to medium risk profile and it would allocate 5% to 35% of the asset in equity or equity related securities with medium to high risk profile. 

Of the investments in debt instruments, 83%-88% would be invested in AA rated non convertible debentures. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 20 crore during the NFO period. 

Entry load and exit load charge are not applicable for the scheme. 

The scheme will be benchmarked against the combination of Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) Index 

The equity portion will be managed by Vinay Sharma. Rahul Goswami and Chandni Gupta will jointly manage the debt portion of investments under the scheme. The investments under the ADRs/GDRs and other foreign securities will be managed by Shalya Shah. 

L&T Midcap Fund Announces Dividend

Record date for dividend is 18 August 2016

L&T Mutual Fund has announced 18 August 2016 as the record date for declaration of dividend under the regular plan-dividend option & direct plan-dividend option of L&T Midcap Fund. 

The quantum of dividend will be Rs 3.50 per unit under each plan / option as on the record date on the face value of Rs 10 per unit.

L&T MF Announces Introduction of Money-Back Facility under its schemes

With effect from 16 August 2016 

L&T Mutual Fund has announced a new facility namely Money-Back facility will be introduced under L&T India Prudence Fund, L&T Dynamic Equity Fund, L&T Equity Savings Fund, L&T Monthly Income Plan, L&T Income Opportunities Fund and L&T Short Term Income Fund, with effect from 16 August 2016. 

The new facility under the schemes of the fund will allow investors to redeem a fixed sum of money periodically at the prevailing NAV depending on the option chosen by the investor.

DSP BlackRock Tax Saver Fund Announces Dividend

Record date for dividend is 19 August 2016

DSP BlackRock Mutual Fund has announced 19 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under Regular Plan-Dividend Option of DSP BlackRock Tax Saver Fund, an open ended equity linked savings scheme. 

The quantum of dividend will be Re 0.40 per unit.

SBI Mutual Fund Announces Change in Board of Directors & Key Personnel

SBI Mutual Fund has announced that Dinesh Kumar Khara has resigned as Managing Director & CEO of SBI Fund Management Private Limited (SBIFMPL) from the closing of business hours of 09 August 2016. 

Accordingly, Khara ceases to be the Key Personnel of SBIFMPL.

L&T Dynamic Equity Fund Announces Dividend

Record date for dividend is 24 August 2016 

L&T Mutual Fund has announced 24 August 2016 as the record date for declaration of dividend under the dividend option & direct plan-dividend option of L&T Dynamic Equity Fund. 

The quantum of dividend will be Re 0.12 per unit under each plan / option as on the record date on the face value of Rs 10 per unit.

HDFC Dual Advantage Fund – Series III - 1304D August 2016 Floats On

NFO period is from 19 August to 02 September 2016 

HDFC Mutual Fund has launched a new plan named as HDFC Dual Advantage Fund – Series III - 1304D August 2016, a close-ended income scheme. The tenure of the scheme is 1304 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 19 August to 02 September 2016.

The investment objective of the plan is to generate income by investing in a portfolio of debt and money market securities with mature on or before the date of maturity of the scheme. 

The scheme is also seeks to invest a portion of the portfolio in equity and equity related securities to achieve capital appreciation. 

The plan shall offer growth and dividend option. Dividend option offers dividend payout facility only. 

The plan would invest 65%-100% of assets in debt and money market instruments with low to medium risk profile and invest upto 35% of assets in equity & equity related instruments (including equity derivatives) with high risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge are not applicable for the plan. 

Benchmark Index for the plan is CRISIL Debt Hybrid 60+40 Fund Index. 

The fund managers of the scheme are Anil Bamboli (Debt Portfolio), Krishan Kumar Daga (Equity Portfolio) & Rakesh Vyas (Dedicated fund manager for overseas investments). 

ICICI Prudential MF Announces Dividend under its schemes

Record date for dividend is 16 August 2016 

ICICI Prudential Mutual Fund has announced 16 August 2016 as the record date for declaration of dividend under the following schemes. 

The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: 

ICICI Prudential Banking & PSU Debt Fund: 

Half Yearly Dividend: 0.0005
Direct Plan – Half Yearly Dividend: 0.0005 

ICICI Prudential Ultra Short Term Plan:
Half Yearly Dividend: 0.0005
Direct Plan – Half Yearly Dividend: 0.0005 

ICICI Prudential Blended Plan – Plan B:
Half Yearly Dividend Option-I: 0.6250

L&T India Prudence Fund Announces Dividend

Record date for dividend is 16 August 2016 

L&T Mutual Fund has announced 16 August 2016 as the record date for declaration of dividend under the dividend option & direct plan-dividend option of L&T India Prudence Fund. 

The quantum of dividend will be Re 0.12 per unit under each plan / option as on the record date on the face value of Rs 10 per unit.

Tata Equity P/E Fund Announces Dividend

Record date for dividend is 17 August 2016 

Tata Mutual Fund has announced 17 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under Tata Equity P/E Fund- Direct Plan (Dividend Trigger Option A-5%). 

The amount of dividend will be Rs 2.50 per unit as on the record date.

ICICI Prudential Fixed Maturity Plan – Series 69 – 1093 Days Plan F Announces Rollover

The scheme shall mature on 30 November 2016 

ICICI Prudential Mutual Fund has announced rollover under ICICI Prudential Fixed Maturity Plan – Series 69 – 1093 Days Plan F. 

The features of the proposed rollover are as follows: 

Existing Maturity Date: 22 August 2016
Date of rollover: 23 August 2016
Period of rollover: 100 days
Extended maturity date: 30 November 2016 

Asset Allocation: 

The schemes will invest 50%-100% of assets in debt instruments including government securities and invest upto 50% of assets in money market instruments with low to medium risk profile.

ICICI Prudential Interval Fund II – Quarterly Interval Plan F Announces Dividend

Record date for dividend is 09 August 2016 

ICICI Prudential Mutual Fund has announced 09 August 2016 as the record date for declaration of dividend under the dividend option of ICICI Prudential Interval Fund II – Quarterly Interval Plan F. 

The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: 

Retail Dividend: 0.1424 

Dividend: 0.1414 

Retail Quarterly Dividend Payout: 0.1420

UTI Fixed Term Income Fund Series XV – VIII (368 days) Announces Dividend

Record date for dividend is 09 August 2016

 UTI Mutual Fund has announced 09 August 2016 as the record date for declaration of dividend under UTI Fixed Term Income Fund Series XV – VIII (368 days). 

The gross dividend will be 100% of distributable surplus as on the record date on face value of Rs 10 per unit. 

Kotak Equity Arbitrage Scheme Announces Change in Exit Load Structure

With effect from 05 August 2016

Kotak Mutual Fund has announced change in exit load structure under Kotak Equity Arbitrage Scheme, an open ended equity growth scheme, with effect from 05 August 2016.

Accordingly, the revised exit load structure will be: 

If redeemed or switch out (including SIP/STP) within 30 days from the date of allotment of units, irrespective of the amount of investment – 0.25%. 

If units redeemed or switched out (including SIP/STP) after 30 days from the date of allotment of units, irrespective of the amount of investment – Nil. 

IDFC MF Announces Appointment of Alternative Director

With effect from 20 July 2016 

IDFC Mutual Fund has announced that Rajeev Uberoi has been appointment as an Alternative Director to Eric Ward, an Associate Director of IDFC Asset Management Company, with effect from 20 July 2016. He is aged 59 years and holds LLB, M.A (Economics), Phd (Philosophy) as his educational qualification. 

ICICI Prudential MF Announces Appointment of Independent Director

With effect from 14 July 2016 

ICICI Prudential Mutual Fund has announced that Ved Prakash Chaturvedi has been appointment as an Independent Director on the Board of Directors of ICICI Prudential Asset Management Company, with effect from 14 July 2016. He is aged 51 years and holds B.E, MBA (IIM, Bangalore) as his educational qualification. 

ICICI Prudential MF Announces Change in Fund Managers under its schemes

With immediate effect 

ICICI Prudential Mutual Fund has announced the following change in the fund managers in addition to the other schemes managed by them, with immediate effect. 

Accordingly, ICICI Prudential Capital Protection Oriented Fund III – Plan B – 60 Months, ICICI Prudential Capital Protection Oriented Fund III – Plan E – 60 Months, ICICI Prudential Capital Protection Oriented Fund III – Plan G – 60 Months, ICICI Prudential Capital Protection Oriented Fund III – Plan H – 60 Months, ICICI Prudential Capital Protection Oriented Fund IV – Plan A – 60 Months, ICICI Prudential Capital Protection Oriented Fund IV – Plan C – 60 Months, ICICI Prudential Capital Protection Oriented Fund IV – Plan D – 60 Months, ICICI Prudential Capital Protection Oriented Fund IV – Plan E – 36 Months, ICICI Prudential Capital Protection Oriented Fund IV – Plan F – 60 Months, ICICI Prudential Capital Protection Oriented Fund IV – Plan G – 60 Months, ICICI Prudential Capital Protection Oriented Fund IV – Plan H – 36 Months, ICICI Prudential Capital Protection Oriented Fund V – Plan A – 5 Years Plan, ICICI Prudential Capital Protection Oriented Fund V – Plan B– 1100 Days, ICICI Prudential Capital Protection Oriented Fund V – Plan C – 1825 Days, ICICI Prudential Capital Protection Fund Series V – 1100 Days Plan D, ICICI Prudential Capital Protection Fund Series V – 1100 Days Plan E, ICICI Prudential Capital Protection Fund Series V – 1100 Days Plan F, ICICI Prudential Capital Protection Oriented Fund Series V – 60 Months, ICICI Prudential Multiple Yield Fund – Series 3 Plan C , ICICI Prudential Multiple Yield Fund – Series 3 Plan D, ICICI Prudential Multiple Yield Fund – Series 4 – 1825 Days Plan A, ICICI Prudential Multiple Yield Fund – Series 4 – 1825 Days Plan B, ICICI Prudential Multiple Yield Fund – Series 4 – 1100 Days Plan C, ICICI Prudential Multiple Yield Fund – Series 4 – 1825 Days Plan D, ICICI Prudential Multiple Yield Fund – Series 4 – 1100 Days Plan E, ICICI Prudential Multiple Yield Fund – Series 5 – 1100 Days Plan A, ICICI Prudential Multiple Yield Fund – Series 5 – 1825 Days Plan C, ICICI Prudential Multiple Yield Fund – Series 5 – 1100 Days Plan D, ICICI Prudential Multiple Yield Fund – Series 6 – 1100 Days Plan A, ICICI Prudential Multiple Yield Fund – Series 6 – 1125 Days Plan D, ICICI Prudential Multiple Yield Fund – Series 6 – 1825 Days Plan C, ICICI Prudential Multiple Yield Fund – Series 6 – 1825 Days Plan D, ICICI Prudential Multiple Yield Fund – Series 6 – 1100 Days Plan E and ICICI Prudential Multiple Yield Fund – Series 6 – 1100 Days Plan F will be jointly managed by Rahul Goswami, Rajat Chandak and Chandni Gupta.

ICICI Prudential Capital Protection Fund Series VI – 1825 Days Plan A, ICICI Prudential Capital Protection Fund Series VI – 1100 Days Plan B, ICICI Prudential Capital Protection Fund Series VI – 1825 Days Plan C, ICICI Prudential Capital Protection Fund Series VI – 1100 Days Plan D, ICICI Prudential Capital Protection Fund Series VI – 1100 Days Plan E, ICICI Prudential Capital Protection Fund Series VI – 1100 Days Plan F, ICICI Prudential Capital Protection Fund Series VI – 1100 Days Plan G, ICICI Prudential Capital Protection Fund Series VI – 1100 Days Plan H, ICICI Prudential Capital Protection Fund Series VII Plan A - 1285 Days, ICICI Prudential Capital Protection Fund Series VII Plan B - 1285 Days, ICICI Prudential Capital Protection Fund Series VII Plan C - 1284 Days, ICICI Prudential Capital Protection Fund Series VII Plan D - 1822 Days, ICICI Prudential Capital Protection Fund Series VII Plan E - 1284 Days, ICICI Prudential Capital Protection Fund Series VII Plan F - 1288 Days, ICICI Prudential Multiple Yield Fund – Series 7 – 1100 Days Plan A, ICICI Prudential Multiple Yield Fund – Series 7 – 1825 Days Plan B, ICICI Prudential Multiple Yield Fund – Series 7 – 1825 Days Plan C, ICICI Prudential Multiple Yield Fund – Series 7 – 1338 Days Plan D, ICICI Prudential Multiple Yield Fund – Series 7 – 1825 Days Plan E, ICICI Prudential Multiple Yield Fund – Series 7 – 1100 Days Plan F, ICICI Prudential Multiple Yield Fund – Series 8 – 1824 Days Plan A, ICICI Prudential Multiple Yield Fund – Series 8 – 1103 Days Plan C, ICICI Prudential Multiple Yield Fund – Series 8 – 1822 Days Plan D and ICICI Prudential Multiple Yield Fund – Series 8 – 1101 Days Plan E will be Jointly managed by Rahul Goswami, Vinay Sharma and Chandni Gupta. 

ICICI Prudential Multiple Yield Plan – Series 5 – 1100 Days Plan B will be jointly managed by Rajat Chandak & Chandni Gupta, ICICI Prudential Money Market Fund & ICICI Prudential Savings Fund will be jointly managed by Rahul Goswami & Nikhil Kabra and ICICI Prudential Ultra Short Term Plan will be jointly managed by Rohan Maru & Chandni Gupta. 

ICICI Prudential Interval Fund, ICICI Prudential Monthly Interval Plan I, ICICI Prudential Quarterly Interval Plan I, ICICI Prudential Quarterly Interval Plan II, ICICI Prudential Quarterly Interval Plan III, ICICI Prudential Half Yearly Interval Plan II, ICICI Prudential Annual Interval Plan I, ICICI Prudential Annual Interval Plan II, ICICI Prudential Annual Interval Plan III, ICICI Prudential Annual Interval Plan IV, ICICI Prudential Interval Fund II, ICICI Prudential Quarterly Interval Plan A, ICICI Prudential Quarterly Interval Plan B, ICICI Prudential Quarterly Interval Plan C, ICICI Prudential Quarterly Interval Plan D, ICICI Prudential Quarterly Interval Plan F, ICICI Prudential Interval Fund IV – Quarterly Interval Plan B, ICICI Prudential Interval Fund V – Monthly Interval Plan A, ICICI Prudential Interval Fund VI, ICICI Prudential Annual Interval Plan A, ICICI Prudential Annual Interval Plan C, ICICI Prudential Annual Interval Plan D and ICICI Prudential Interval Fund VII – Annual Interval Plan C will be jointly managed by Rohan Maru & Nikhil Kabra. 

ICICI Prudential Multicap Fund will be jointly managed by George Joseph & Atul Patel, ICICI Prudential Infrastructure Fund will be jointly managed by S Naren & Atul Patel, ICICI Prudential Exports & Other Services Fund will be jointly managed by Manish Gunwani & Ashwin Jain, ICICI Prudential Balanced Fund will be jointly managed by S Naren, Atul Patel & Manish Banthia, ICICI Prudential Growth Fund – Series 2, ICICI Prudential Growth Fund – Series 4, ICICI Prudential Growth Fund – Series 5 and ICICI Prudential Growth Fund – Series 6 will be jointly managed by Vinay Sharma & Mrinal Singh. 

Birla Sun Life Fixed Term Plan – Series NR (1099 days) Floats On

NFO period is from 04 August to 08 August 2016

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Fixed Term Plan – Series NR (1099 days), a close ended income scheme. The tenure of the scheme is 1099 days from the date of allotment of units. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 04 August to 08 August 2016. 

The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. 

The scheme offers two options viz. growth and dividend option with Normal Dividend sub-option (Payout Facility) and Quarterly Dividend sub-option (Payout Facility). 

The scheme would invest 80%-100% of assets in debt securities (excluding money market instruments), invest upto 20% of assets in money market instruments with low to medium risk profile and invest upto 20% of assets in government securities with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be nil. 

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. 

The fund manager of the scheme will be Kaustubh Gupta. 

IDFC Fixed Term Plan-Series 25 Announces Dividend

Record date for dividend is 09 August 2016 

IDFC Mutual Fund has announced 09 August 2016 as the record date for declaration of dividend under the Regular Plan-Half Yearly Dividend Option (Payout) of IDFC Fixed Term Plan-Series 25. 

The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be entire distributable surplus as on the record date. 

Reliance Interval Fund – Quarterly Interval Fund – Series II Announces Dividend

Record date for dividend is 09 August 2016

Reliance Mutual Fund has announced 09 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under dividend option, institutional plan-dividend option and direct plan-dividend option of Reliance Interval Fund – Quarterly Interval Fund – Series II. 

The amount of dividend will be Re 0.0001 per unit under each plan / option.

ICICI Prudential Balanced Advantage Fund Announces Dividend

Record date for dividend is 09 August 2016 

ICICI Prudential Mutual Fund has announced 09 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the direct plan-monthly dividend option of ICICI Prudential Balanced Advantage Fund. 

The quantum of dividend will be Rs 0.10 per unit as on the record date.

DHFL Pramerica Fixed Duration Fund – Series 29 Floats On

NFO period is from 03 August to 04 August 2016 

DHFL Pramerica Mutual Fund has launched a new fund named as DHFL Pramerica Fixed Duration Fund – Series 29, a close ended income scheme. The tenure of the scheme is 1104 days from the date of allotment of the scheme. The New Fund Offer (NFO) price for the scheme is Rs 1000 per unit. The new issue will be open for subscription from 03 August to 04 August 2016. 

The objective of the Scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. 

The scheme offers growth and dividend options under both regular plan and direct plan. Dividend option has dividend payout facility and dividend transfer facility. 

The scheme shall invest 80-100% of assets in debt instruments including government securities and securitized debt (excluding money market instrument) with low to medium risk profile and invest upto 80% of asset in money market instruments with low risk profile. 

Includes securitized debt upto 50% of the net assets of the scheme. 

Minimum application amount is Rs 5000 and in multiples of Rs 1000 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry load: Not applicable 

Exit load: Nil 

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. 

The fund manager of the scheme is Rakesh Suri. 

DHFL Pramerica Mutual Fund Announces Appointment of Fund Manager

With effect from 01 August 2016 

DHFL Pramerica Mutual Fund has announced that Avinash Agarwal has been appointed as the fund manager (equity portion) of DHFL Pramerica Midcap Opportunities Fund and also as the key personnel of DHFL Pramerica AMC, with effect from 01 August 2016. Kumaresh Ramakrishnan continues to manage the debt portion of the scheme. 

Akash Singhania ceases to be the fund manager of DHFL Pramerica Midcap Opportunities Fund (Equity Portion), with effect from the same. 

Reliance Interval Fund – Quarterly Interval Fund – Series II Announces Dividend

Record date for dividend is 08 August 2016

Reliance Mutual Fund has announced 08 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under dividend option of Reliance Interval Fund – Quarterly Interval Fund – Series II. The amount of dividend (Rs per unit) will be: 

Reliance Interval Fund – Quarterly Interval Fund – Series II-Dividend Option: 0.1716 

Reliance Interval Fund – Quarterly Interval Fund – Series II- Institutional Plan-Dividend Option: 0.1717 

Reliance Interval Fund – Quarterly Interval Fund – Series II-Direct Plan-Dividend Option: 0.1761

UTI Fixed Income Interval Fund – Series – II Quarterly Interval Plan – V Announces Dividend

Record date for dividend is 08 August 2016

UTI Mutual Fund has announced 08 August 2016 as the record date for declaration of dividend under the dividend sub option of UTI Fixed Income Interval Fund – Series – II Quarterly Interval Plan – V. 

The amount of dividend on the face value of Rs 10 per unit will be 100% of distributable surplus as on the record date. 

Birla Sun Life Fixed Term Plan – Series HI (1099 days) Announces Dividend

Record date for dividend is 08 August 2016

Birla Sun Life Mutual Fund has announced 08 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the regular plan-normal dividend option of Birla Sun Life Fixed Term Plan – Series HI (1099 days). 

The quantum of dividend will be entire distributable surplus as on the record date. 

Tata Balanced Fund Announces Dividend

Record date for dividend is 04 August 2016 

Tata Mutual Fund has announced 04 August 2016 as the record date for declaration of dividend under the monthly dividend option of Regular Plan and Direct Plan of Tata Balanced Fund. 

The amount of dividend will be Rs 0.42 per unit under each plan on the face value of Rs 10 per unit.

Tata Short Term Bond Fund Announces Change in Exit Load

With effect from 01 August 2016

Tata Mutual Fund has announced change in exit load structure under Tata Short Term Bond Fund, with effect from 01 August 2016. Accordingly, the revised exit load structure will be Nil. 

ICICI Prudential MF Announces Dividend under its schemes

Record date for dividend is 05 August 2016 

ICICI Prudential Mutual Fund has announced 05 August 2016 as the record date for declaration of dividend under the dividend option of following schemes. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: 

ICICI Prudential Multiple Yield Fund – Series 5 – 1100 Days Plan D:
Dividend: 0.05
Direct Plan – Dividend: 0.05 

ICICI Prudential Fixed Maturity Plan – Series 72 – 1092 Days Plan F:
Dividend: 0.05
Direct Plan – Dividend: 0.05 

ICICI Prudential Business Cycle Fund – Series 2:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential Business Cycle Fund – Series 3:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential Growth Fund – Series 2:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential Growth Fund – Series 4:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential Value Fund – Series 4:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential Infrastructure Fund – Dividend: 1.15

ICICI Prudential Value Fund – Series 1 Announces Rollover

The scheme shall mature on 31 December 2018 

ICICI Prudential Mutual Fund has announced rollover under ICICI Prudential Value Fund – Series 1, which is due for maturity on 07 November 2016. 

The features of the proposed rollover are as follows: 

Date of rollover: 08 November 2016
Period of rollover: 784 days
Extended maturity date: 31 December 2018

SBI Debt Fund Series – 336 Days – 34 & 35 Announces Maturity

The schemes shall mature on 04 August 2016

SBI Mutual Fund has announced that in terms of the Scheme Information Document (SID), SBI Debt Fund Series – 336 Days – 34 and SBI Debt Fund Series – 336 Days – 35 will mature on 04 August 2016 and accordingly, units shall be suspended from trading on the NSE. 

UTI Capital Protection Oriented Scheme – Series VIII – I (1278 Days) Floats On

NFO period is from 02 August to 16 August 2016

UTI Mutual Fund has launched a new fund named as UTI Capital Protection Oriented Scheme – Series VIII – I (1278 Days), a close ended capital protection oriented income scheme. The duration of the scheme is 1278 days from the date of allotment. 

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 02 August to 16 August 2016. 

The investment objective of the scheme is to endeavor to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as secondary objective. 

The scheme offers growth and dividend (payout) options under both regular sub plan and direct sub plan. 

The scheme shall invest 70-100% of assets in debt & money market instruments with low to medium risk profile and up to 30% in equity & equity related instruments with medium to high risk profile. 

Minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be not applicable for the scheme. 

Benchmark Index for the scheme is CRISIL MIP Blended Index. 

The fund managers of the scheme are Sunil Patil and Srivatsa.