Union KBC declares dividend under FMP
Union KBC Mutual Fund has declared dividend under the dividend payout option of Union KBC Fixed Maturity Plan - Series 7-Regular Plan. The record date for the dividend is June, and the amount of dividend will be the entire available distributable surplus as on the record date on the face value of R10 per unit.
Birla Sun Life MF files for corporate bond fund
Birla Sun Life Mutual Fund has filed an offer document with the Securities and Exchange Board of India to launch an open-ended income scheme Corporate Bond Fund. The new fund offer price will be R10 per unit, and the investment objective of the scheme is to generate returns by predominantly investing in a portfolio of corporate debt securities.
UTI MF declares dividend under fixed income fund
UTI Mutual Fund has declared dividend under dividend sub option of UTI Fixed Income Interval Fund Series - II Quarterly Interval Plan VI. The record date for the dividend is June 3 and the rate of dividend will be 100% of distributable surplus
as on the record date on the face value
of R10 per unit.
SBI Mutual Fund applies for Shariah Equity Fund
SBI Mutual Fund has filed an offer document with the Securities and Exchange Board of India to launch an open-ended equity scheme, SBI Shariah Equity Fund. The investment objective is to provide medium-to-long term capital gains by investing in Shariah Compliant Equity and equity-related instruments.
Tata MF files application for dual advantage fund
Tata Mutual Fund has filed an offer document with the market regulator to launch a close-ended income fund, the Dual Advantage Fund. The investment objective of the scheme is to generate income and capital appreciation by investing predominantly in a portfolio of fixed income instruments having maturity on or before the date of the maturity of the respective schemes .The schemes will invest a small portion (up to 30%) of assets in equity/equity-related instrument, including derivative instruments. In case of equity derivatives, the derivative contract shall have expiry before the maturity of the schemes.
HDFC MF files offer document for FMP
HDFC Mutual Fund has filed offer document with Sebi to launch a close-ended income scheme Fixed Maturity Plans - Series 32. The investment objective of the scheme is to generate income through investments in debt or money market instruments and government securities maturing on or before the maturity date of the respective plan(s).