JM mutual fund declares quarterly dividends

Our Markets Bureau

Mumbai, Jan 3: JM Mutual Fund has declared a quarterly dividend of 3.5 per cent in JM Income Fund Dividend Plan and 8 per cent in JM G-Sec Fund Regular Plan Dicvidend Option, thus taking the annual dividend paid so far under both these funds to be 8.5 per cent and 14 per cent respectively.

HDFC MF declares tax-free dividend

HDFC Mutual Fund has declared an annualised tax-free dividend of 7 per cent for its Liquid Fund under its weekly dividend option. The per unit dividend for HDFC Liquid Fund under its reinvestment plan is Rs 0.01342 for the week ended December 31, 2001.

IDBI-Principal AMC cash fund subscriptions

IDBI-Principal AMC will accept subscriptions for its cash management fund on all non-business days starting from December 29, 2001, provided the fund is in a position to receive credit and/or deployment of subscription money/assets on that relevant non-business day.

SBI MF 0.60% dividend

SBI MF has declared a dividend of 0.60 per cent under Magnum Gilt Fund for the period ended December 31, 2001. The effective annualised dividend for the month is 7.20 per cent.

BoB MF gets Sebi nod for new schemes

Bank of Baroda MF has received Sebi nod for launching five new schemes. They are BOB Income, Gilt, Liquid, Growth and Balanced Fund. First three debt schemes will be launched in mid February and the others in Q2 of 2002.