Our Markets Bureau

Mumbai, June 14: IDBI-Principal AMC has declared a dividend of Re 0.25 per unit under its income fund IDBI-Principal Income Fund Dividend Plan (quarterly dividend option). The record date for the purpose of dividend distribution has been fixed at June 15, 2001.

HDFC Liquid Fund declares weekly dividend
HDFC Mutual Fund has declared an annualised tax-free dividend of 8 per cent under its Liquid Fund for its weekly dividend option. The per unit dividend for HDFC Liquid Fund under its reinvestment plan is Rs 0.01534 for the week ended June 11, 2001. The record date for the same was June 11, 2001.

Kothari Pioneer Income Builder Account crosses Rs 1,000 crore mark
Kothari Pioneer Mutual Fund’s open-ended income scheme, Kothari Pioneer Income Builder Account’s assets under management has increased to more than Rs 1,000 crore. The fund has grown by almost 200 per cent over the last six months and has 26,700 investors.

SBI MF opens branches in Baroda, Indore
SBI MF has opened branches in Baroda and Indore. The MF would also shortly be opening branches in Ludhiana, Goa and Coimbatore. The mutual fund’s total collection in the current financial year has been around Rs 400 cr. The MF has collected this amount mainly from its Magnum LiquiBond Income Fund and Magnum Gilt Fund.