Smart Money: IDBI Mutual Fundís new diversified equity scheme

Mar 21 2014, 03:43 IST
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SummaryIDBI Mutual Fund has launched a closed-ended income scheme with the investment objective of long-term capital appreciation through investments in equity

IDBI Mutual Fundís new diversified equity scheme

IDBI Mutual Fund has launched a closed-ended income scheme with the investment objective of long-term capital appreciation through investments in equity, debt and money market instruments. Subscription to the new fund offer will close on March 24.

JPMorgan MF launches fixed maturity plan

JPMorgan Mutual Fund has launched a closed-ended income scheme with the investment objective of generating income through investments in debt securities, money market instruments and government securities maturing on or before the maturity date of the scheme. Subscription to the new fund offer will close on March 26.

Reliance MFís new fixed tenure fund

Reliance Mutual Fund has launched a

closed-ended fixed tenure fund with the investment objective of generating returns while keeping interest rate volatility in check. The fund will invest in a portfolio of fixed income securities maturing on or before the maturity date of the scheme.

It aims at capital appreciation through exposure to equity. Subscription to the scheme will close on March 26.

ICICI Prudential launches wealth protector plan

ICICI Prudential Life Insurance has launched Guaranteed Wealth Protector, which, despite being a linked product, will protect the policyholderís capital and generate a possible upside through equity exposure. The exposure to equity will be up to 60% for those below 45 years, and up to 45% for those above 45. The various charges under the policy will be towards premium allocation, policy administration, fund management, discontinuance and mortality.

Tata Mutual Fund declares dividend for two schemes

Tata Mutual Fund has declared dividend under the dividend option of Tata Balanced Fund and Tata Ethical Fund. The record date for declaration of dividend is March 21. The rate of dividend on the face value of R10 per unit will be R3.25 for Tata Balanced Fund and R3.25 for Tata Ethical Fund.

DSP BlackRock MF announces dividend

DSP BlackRock Mutual Fund has declared dividend under the regular plan of dividend option of

DSP BlackRock Opportunities Fund, DSP BlackRock World Energy Fund, DSP BlackRock US Flexible Equity Fund and DSP BlackRock World Agriculture Fund. The record date for declaration of dividend is March 21. The amount of dividend on the face value of R10 per unit for Opportunities Fund is R3.50 per unit, World Energy Fund R0.75 per unit, US Flexible Equity Fund R1 per unit and World Agriculture Fund R0.75 per unit.

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