Mumbai, Feb 27: Kothari Pioneer Mutual Fund has declared dividend in itsIncome Builder Account (IBA), Treasury Management Account (TMA) and MonthlyIncome Plan (MIP) scheme. Under its IBA scheme, it has declared a tax-freedividend of 1 per cent (Rs 0.10 per unit of face value of Rs 10) for themonthly dividend plan. All investments in this option as on February 23,2001 are eligible for this dividend. Under the TMA scheme, the MF hasdeclared a tax-free dividend of 0.154 per cent (Rs 1.54 per unit of facevalue of Rs 1000) for the weekly plan. All investments in this option as onFebruary 22, 2001 are eligible for this dividend. Under the MIP, a tax-freedividend of 0.90 per cent (Rs 0.09 per unit of face value of Rs 10) will bedeclared under the monthly dividend plan. All investments in this option ason February 23, 2001 are eligible for this dividend.Templeton MF declares MIP dividend
Templeton Mutual Fund has declared a tax-free dividend of 0.75 per cent (Rs0.075 per unit face value of Rs 10) under the monthly dividend plan ofTempleton Monthly Income Plan for the period ending Feb 23, 2001. The assetsunder management in the scheme are Rs 161.96 crore as of January 31, 2001.
CMF declares 5% income distribution in scheme
Canbank Mutual Fund (CMF) has declared a second interim income distributionof 5 per cent under Canpremium scheme. The record date for incomedistribution is March 15 and all unit holders whose name appears in theregister as on that date would be eligible for income distribution. This isthe fifth income distribution since the date of conversion and the schemehas distributed Rs 3.65 (including the present income distribution) on facevalue of Rs 10 since Feb 1, 1998. The first interim income distribution of10 per cent for the fiscal year 2000-2001 was declared during September2000.
BoB MF declares dividend
BoB Mutual Fund has declared a dividend of 10 per cent per unit under itsBoB ELSS '96 scheme. The dividend would be tax-free in the hands of the unitholders. The dividend declared would be payable to all the unitholders ofBoB ELSS '96 scheme whose names are on the registers of unit holders of thescheme at close of business hours on March 12, 2001.
Singhal takes over as DSE chief
The Delhi stock exchange witnessed a change of guard on Tuesday with ParveenKumar Singhal taking over as its new executive director. He replaces SSSodhi, who has successfully completed his 5-year tenure, during which theDSE became a totally automated online trading system from manual floor-basedtrading. Singhal, until now serving as chief general manager withOver-The-Counter Exchange of India (OTCEI) has vast experience in thecapital and financial segment.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
