Tata Balanced Fund: Dividend Declaration

Tata Mutual Fund has announced dividend under the dividend option of Tata Balanced Fund. The quantum of dividend will be Rs.3 per unit.

The record date has been fixed as February 15, 2012.

Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IDBI Ultra Short-term Fund: Change in Face Value

IDBI Mutual Fund has increased the face value of IDBI Ultra Short-term Fund from Rs.10 to Rs.1000, with effect from February 10, 2012.

Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

DSP BlackRock FMP - Series 19 - 3M: Dividend Declaration

DSP BlackRock Mutual Fund has announced dividend under the dividend payout option of DSP BlackRock FMP - Series 19 - 3M. The quantum of dividend will be upto 100% of the distributable surplus as on the record date.

The record date has been fixed as February 14, 2012.


Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ICICI Pru Long Term Floating Rate Plan: Open for Subscription

ICICI Prudential Long Term Floating Rate Plan will be open for subscription from February 10, 2012 till further notice.

Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HDFC FMP 182D February 2012 (1): New Fund Offer

HDFC Mutual Fund has announced to launch the new fund offer (NFO) of HDFC FMP 182D February 2012 (1). The NFO will be open for subscription from February 16, 2012 to February 22, 2012.

Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

UTI Sunder & UTI Master Index Fund: Merger with UTI Nifty Index Fund

UTI Mutual Fund has announced the merger of UTI Sunder & UTI Master Index Fund into UTI Nifty Index Fund, with effect from March 14, 2012. Investors are being given an option of exit without paying any exit load between February 13, 2012 and March 14, 2012.

Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HDFC MF Launches Swing STP

HDFC Mutual Fund has launched HDFC Swing STP which is the expansion of STP facility, with effect from February 21, 2012.

It works like any other Systematic Transfer Plan (STP). The only difference is that Swing STP tries to achieve the Target Market Value which can be more or less than the lumpsum invested in debt scheme. So, everytime, it transfers the amount from one scheme to another (must be growth Plan) based on the difference between Target Market Value and Actual Market Value of current holdings.


The minimum balance or minimum investment amount must be Rs.12000 for this.
The minimum installment amount would be Rs.1000/- for weekly, monthly and Rs.3000/- for quarterly.

Everytime, the amount will be calculated as {(first installment amount*No. of installment including current)-Market value of equity investments}.

The most unique thing about Swing STP is Reverse Transfer. In case, Actual Market Value of current holdings is more than Target Market Value, it will transfer the difference from equity to debt scheme in order to maintain Target Market Value.

At the time of last installment, the remaining balance would be transferred and Swing STP will be closed.


Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IDBI Ultra Short-term Fund: Change in Face Value

IDBI Mutual Fund has changed the face value of units of IDBI Ultra Short-term Fund from Rs 10 to Rs 1000, with effect from February 10, 2012.

Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

SBI MF Launches SBI Debt Fund Series 15 Months - 9

SBI Mutual Fund has launched the new fund offer (NFO) of SBI Debt Fund Series 15 Months - 9. The NFO will be open for subscription from February 16, 2012 to February 21, 2012.

The minimum investment amount will be Rs 5000 and in multiples of Rs.10 thereafter. The scheme would have growth as well as dividend options. It will be listed on the Bombay Stock Exchange.

Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Axis Fixed Term Plan Series 18 (15 Months): Preponement of NFO Closure

Axis Mutual Fund has pre-poned the new fund offer (NFO) of Axis Fixed Term Plan Series 18 (15 Months). Now, it will close on February 24, 2012 instead of February 27, 2012.

Source: www.valueresearchonline.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd