To generate returns and reduce interest rate volatility through a portfolio of fixed-income securities, Reliance Mutual Fund has launched a new fund offer (NFO) called Reliance Dual Advantage Fixed Tenure Fund-II-Plan B. It is a close-ended hybrid scheme and subscription for the NFO will close on March 30.
Edelweiss Tokio?s moneyback plan
Edelweiss Tokio Life Insurance’s Cashflow Protection enables you to plan for various milestones like wealth accumulation, retirement and legacy transfer.
It is a non-linked endowment assurance moneyback plan with an entry age of five years and maturity age at 85, 90 or 95 years. The plan offers different survival benefits during the policy term like guaranteed accrual benefit that is equal to 5% of the sum assured per annum accrued to the policy for a specific period payable on maturity.
The plan offers tax benefits under Section 80 C and Section 10(10D) of Income Tax Act, 1961.
SBI Magnum Tax Gain declares dividend
SBI Mutual Fund has declared dividend under the dividend option of Magnum Tax Gain Scheme ? 1993, on the face value of R10 per unit. The quantum of dividend will be R3.50 per unit and the record date for the dividend payout has been fixed as March 22.
HDFC MF?s FMP 370D declares dividend
HDFC Mutual Fund has declared dividend under the normal and quarterly dividend options of HDFC FMP 370D, a fixed maturity plan under HDFC Fixed Maturity Plans-Series XVI. The quantum of dividend will be the entire distributable surplus as on the record date fixed on March 21 on the face value of R10 per unit.
Tata MF MIP Plus Fund declares dividend
Tata Mutual Fund has declared dividend under quarterly and half-yearly dividend options of Tata MIP Plus Fund on the face value of R10 per unit.
The quantum of dividend will be R0.21 per unit under quarterly dividend and R0.43 per unit under the half-yearly dividend option as on record date. The record date for the dividend payout has been fixed as March 19.