IDBI-Principal MF waives off entry load IDBI-Principal Mutual Fund has waived off the entry load from the IDBI-Principal Deposit Fund Plan C dividend option up to March 31, 2001. The exit load of 1.90 per cent would be charged for redemptions within 182 days and 1.6 per cent for redemptions after 182 days, but before maturity.

Cholamandalam Cazenove MF declares dividendCholamandalam Cazenove Mutual Fund has declared dividends under the "regular plan" of two of its open-ended income schemes Chola Triple Ace and Chola Freedom Income scheme. Under its Chola Triple Ace, it has declared a dividend of 2.5 per cent, which is 25 paise per unit. Under its Chola Freedom Income scheme, it has declared a dividend of 2.70 per cent, which is 27 paise per unit.

Canbank AMC contributes to PM Relief Fund Canbank Investment Management Service has contributed Rs 10 lakh to the Prime Ministers Relief Fund for the victims of the earthquake in Gujarat recently. The employees of the fund, too, have contributed their one day salary.

Sundaram MF declares dividendSundaram Mutual Fund has declared a dividend of 2.5 per cent under its flagship income scheme, Sundaram Bond Saver. The record date has been fixed at March 28, 2001. The total of dividends paid out under the scheme over the calendar year 2000 has been 12.5 per cent.

IFCI disinvests in Hospitality Resorts
In accordance with the Securities and Exchange Board of India (Sebi) guidelines for institutional transaction, IFCI Ltd has disinvested its entire holding of 4.95 lakh equity shares of Hospitality Resorts Ltd to the promoters of Kenilworth Beach Resort Ltd under the buy-back arrangement, for a total consideration of Rs 2.20 million. The sale transaction constituted 4.50 per cent of the paid-up capital of Hospitality Resorts Ltd.