UTI MF Declares Dividend Under Fixed Income Interval Fund- Feb 26, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund-Series II-Quarterly Interval Plan VI. The record date for the declaration of dividend is 4 March 2009.

The quantum of dividend will be 100% of distributable surplus available on the record date on face value of Rs. 10 per unit. The NAV for the scheme for both retail and institutional plan was at Rs. 10.1970 per unit on 24 February 2009.

UTI Fixed Income Interval Fund- Series II-Quarterly Interval Plan VI is a debt oriented interval scheme with income-oriented portfolio consisting G-sec and other fixed income and debt securities. The investment objective of the scheme is generating regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.

ICICI Prudential MF Declares Dividend For QIP- Feb 26, 2009

ICICI Prudential Mutual Fund has declared the dividend under the dividend option of ICICI Prudential Interval Fund IV-Quarterly Interval Plan-A. The record date for the same is March 2, 2009. The fund house has decided to distribute dividend upto 100% the distributable surplus of the scheme as dividend on the face value of Rs 10 per unit.

The scheme as on February 19, 2009 recorded a NAV of Rs 10.1815 per unit under the retail option of. ICICI Prudential Interval Fund I - Quarterly Interval Plan-A is a debt oriented interval scheme with an objective to generate optimal returns consistent with moderate levels of risk as well as the liquidity by investing in debt securities and money market securities.

Canara Robeco MF Declares Dividend Under Interval Series- Feb 26, 2009

Canara Robeco Mutual Fund has announced the declaration of dividend under dividend option of Canara Robeco Interval Series -2 Quarterly Plan - 1 for both retail and institutional plan. The record date for the same is March 2, 2009 The fund house has decided to distribute 100% of distributable surplus for both above mentioned interval funds.

The NAV of the retail and institutional plan of Canara Robeco Monthly Interval Fund as on February 20, 2009 was at Rs 10.2245 & Rs 10.2316, respectively. The objective of the scheme is to generate returns and growth of capital by investing in central and state government securities and other fixed income/ debt securities normally maturing within the maturity of interval plan.

ING MF Ceases High Yield Liquid Fund- Feb 25, 2009

ING Mutual Fund has wound up ING High Yield Liquid Fund, with effect from 25 February 2009. Since the scheme is not able to meet with the requirement of minimum of 20 investors. Accordingly, the fund house wound up the scheme under regulation 39 (2) (c) of Sebi Regulation, 1996.

The fund house ceased to carry any business activities in respect of the scheme. It has also ceased to issue units in the scheme and has also ceased to create or cancel units in the scheme.

HDFC MF Declares Dividend In HDFC FMP 90D November 2008 (4)- Feb 25, 2009

HDFC Mutual Fund has announced dividend under the dividend option of retail and wholesale plan of HDFC FMP 90D November 2008 (4), a fixed maturity plan under HDFC Fixed Maturity Plans-Series X, a close-ended income scheme.

The fund house has decided to distribute 100% of distributable surplus as on the record date of 2 March 2009 on the face value of Rs 10 per unit as dividend.

The scheme recorded a NAV of Rs 10.2080 per unit under the retail plan and Rs 10.2102 per unit under wholesale plan as on 20 February 2009.

The investment objective of the scheme is to generate regular income through investments in debt/money market instruments and government securities.

Fortis MF Announces Changes In Minimum Application Amount- Feb 25, 2009

Fortis Mutual Fund has announced the changed in minimum application amount for Fortis Flexi Debt Fund under regular plan and regular plan A, with effect from 2 March 2009

Accordingly, the schemes proposed minimum application amount under Growth, Half-yearly dividend, Quarterly dividend, Weekly dividend and Daily dividend options will be Rs 5000 per application and in multiples of Re 1 thereafter.

Existing minimum application amount under Growth option is Rs 5000 per application and in multiples of Re 1 thereafter. Under Half-yearly dividend and Quarterly dividend option the minimum application amount is Rs 20,000 per application and in multiples of Re 1 thereafter. And under Weekly dividend and Daily dividend option it is Rs 1 lakh and Rs 10 lakh per application respectively and in multiples of Re 1 thereafter.

Reliance MF Declares Dividend For Its Monthly Interval Fund- Feb 24, 2009

Reliance Mutual Fund has declared dividend under dividend option of Reliance Interval Fund - Monthly Interval Fund -Series II. The record date for the same is February 27, 2009. The fund house has decided to offer dividend on the face value of Rs 10 per unit for both plans- retail as well as institutional plans. The quantum of dividend will be 100% of distributable surplus as on the record date. The NAV of the retail plan as on February 19, 2009 was recorded at Rs 10.0366 per unit and that of institutional plan was at Rs 10.0378 per unit.

ICICI Prudential MF Offers Dividend Under MIPS- Feb 24, 2009

ICICI Prudential Mutual Fund has declared dividend under the dividend option of ICICI Prudential Monthly Income Plan - Quarterly Dividend and Half Yearly Dividend. The record date for the same is February 27, 2009.

ICICI Prudential Monthly Income Plan - Quarterly Dividend: The fund house has decided to distribute dividend at rate of 1.00% i.e. Re 0.10 per unit on the face value of Rs 10 per unit as dividend on the record date. The scheme as on February 19, 2009 recorded a NAV of Rs 11.1128 per unit.

ICICI Prudential Monthly Income Plan - Half Yearly Dividend: The fund house has decided to distribute dividend at rate of 1.50% i.e. Re 0.15 per unit on the face value of Rs 10 per unit as dividend on the record date. The scheme as on 19 February 2009 recorded a NAV of Rs 11.1313 per unit.

ICICI Prudential Monthly Income Plan is an open-ended fund with an aim to generate regular income through investments in fixed income securities.

Religare MF Declares Dividend For Two Interval Funds- Feb 24, 2009

Religare Mutual Fund has declared dividend under dividend options of Religare Half Yearly Interval Fund-Plan A and Religare Quarterly Interval Fund-Plan B, debt oriented interval schemes. The record date of dividend distribution is 1 March 2009.

Religare Half Yearly Interval Fund-Plan A

The fund will offer dividend under regular and institutional plans on face value of Rs 10 per unit. The quantum of dividend will be Re 0.51338955 per unit under regular plan and for institutional plan it will be Re 0.52089118 per unit.

The NAV of the scheme under regular plan was at Rs 10.5363 per unit and Rs 10.5438 per unit for institutional plan as on 19 February 2009.

Religare Quarterly Interval Fund-Plan B

The quantum of dividend for Religare Quarterly Interval Fund-Plan B will be Re 0.29730775 per unit on face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.2973 per unit as on 19 February 2009.

This declared dividend amount was available for distribution on 19 February 2009. However, the actual distributable surplus available on the record date will be distributed.

ICICI Prudential Gilt Fund Offers Dividend- Feb 23, 2009

ICICI Prudential Mutual Fund has declared dividend under the quarterly dividend option of ICICI Prudential Gilt Fund-Treasury Plan, an open ended short term gilt fund. The fund house has decided to distribute dividend at rate of 2.5% i.e. Re 0.25 per unit on the face value of Rs 10 per unit as dividend on the record date of 27 February 2009.

The scheme recorded a NAV of Rs 12.2689 per unit as on 19 February 2009.

ICICI Prudential Gilt Fund-Treasury Plan was launched in February 2004 with an investment objective of generating regular returns through investments made in gilts. The Fund does not charge entry and exit load.

Reliance MF Declares Dividend For Its Monthly Interval Fund- Feb 23, 2009

Reliance Mutual Fund has declared dividend under dividend option of Reliance Interval Fund - Monthly Interval Fund -Series II. The record date for the dividend is 27 February 2009.

The fund house has decided to offer dividend on the face value of Rs 10 per unit for both plans viz. retail and institutional plans. The quantum of dividend will be 100% of distributable surplus as on the record date.

The NAV of the retail plan was recorded at Rs 10.0366 per unit and that of institutional plan was at Rs 10.0378 per unit as on 19 February 2009.

Birla Sun Life MF Decalres Dividend- Feb 23, 2009

Birla Sun Life Mutual Fund has declared dividend under the dividend option of Birla Sun Life Quarterly Interval Fund-Series 2. The fund house has decided to distribute 100% of distributable surplus as dividend on the record date of 27 February 2009 on the face value of Rs 10 per unit.

The scheme recorded a NAV of Rs 10.2209 per unit as on 19 February 2009.

Birla Sun Life Quarterly Interval Fund-Series 2 is an interval income schemes with an objective to generate regular income through investments in debt and money market instruments.

Bharti AXA MF Extends NFO Closing Date- Feb 21, 2009

Bharti AXA Mutual Fund has published corrigendum to notice mentioned that closing date of New Fund Offer (NFO) period of Bharti AXA Regular Return Fund. The new issue will close for subscription on 26 February 2009 instead of 27 February 2009. The NFO was opened for subscription on 28 January 2009.

Bharti AXA Regular Return Fund, an open-ended income scheme that seeks to generate regular income through investments in fixed income securities and also to generate long term capital appreciation by investing a portion in equity and equity related instruments.

AIG MF Declares Dividend For Quarterly Interval Fund- Feb 21, 2009

AIG Mutual Fund has declared dividend under dividend option of retail plan of AIG Quarterly Interval Fund - Series II. The record date for the dividend is 27 February 2009.

The quantum of dividend will be 100% of the distributable surplus of the scheme as on the record date for the face value Rs 1000 per unit. The NAV for retail plan and institutional plan was at Rs 1020.5066 per unit and Rs 1020.9751 per unit, respectively as on 19 February 2009.

AIG Quarterly Interval Fund - Series II is an interval income scheme with investment objective to generate returns while endeavoring to manage interest rate volatility over the interval period through a portfolio of fixed income securities.

HDFC MF Offers Dividend For Two Funds- Feb 21, 2009

HDFC Mutual Fund has announced dividend under the dividend option of HDFC Long Term Advantage Fund and HDFC Balanced Fund. The record date for dividend is 26 February 2009.

HDFC Long Term Advantage Fund

The rate of dividend is 35.00% i.e. Rs. 3.50 per unit on the face value of Rs. 10. The NAV of the Fund recorded at Rs 22.284 per unit as on 19 February 2009.

HDFC Long Term Advantage Fund is an open ended equity linked saving scheme with a lock in period of 3 years, the investment objective of the fund is to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.

HDFC Balanced Fund

The Fund provides dividend of 15.00% i.e. Rs 1.50 per unit as on record date of 26 February 2009.The NAV of the scheme was Rs 12.518 per unit as on 19 February 2009.

HDFC Balanced Fund is an open ended balanced scheme having investment objective of generating capital appreciation along with current income from a combined portfolio equity & equity related and debt & money market

ING MF Renames Treasury Plus Fund- Feb 20, 2009

ING Mutual Fund has announced change in the name of the ING Treasury Plus Fund, an open ended income scheme to ING Treasury Advantage Fund, with effect from 20 February 2009. All other features, terms and conditions of the scheme remain unchanged.

ING Treasury Plus Fund is an open ended income scheme with the objective to provide an investment avenue for investors preferring good liquidity and an investment horizon of 2-6 months. The scheme would be able to achieve its objectives by investing in a portfolio of money market and debt instruments.

UTI MF Declares Dividend Under Fixed Income Monthly Interval Plan- Feb 20, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund - Monthly Interval Plan I. The record date for the declaration of dividend is 26 February 2009.

The quantum of dividend will be 100% of distributable surplus available on the record date on face value of Rs 10 per unit. The NAV for the scheme for both retail and institutional plan was at Rs 10.0657 per unit each as on 18 February 2009.

UTI Fixed Income Interval Fund - Monthly Interval Plan I is a debt oriented interval scheme with the investment objective to generate regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.

Bharti AXA MF Extends NFO Closing Date- Feb 20, 2009

Bharti AXA Mutual Fund has extended the closing date of New Fund Offer (NFO) period of Bharti AXA Regular Return Fund 27 February 2009 instead of 24 February 2009. The NFO was opened for subscription on 28 January 2009.

Bharti AXA Regular Return Fund, an open ended income scheme that seeks to generate regular income through investments in fixed income securities and also to generate long term capital appreciation by investing a portion in equity and equity related instruments.

ICICI Prudential MF Declares Dividend For QIP - Feb 19, 2009

ICICI Prudential Mutual Fund has declared dividend under the dividend option of ICICI Prudential Interval Fund II-Quarterly Interval Plan-C. The fund house has decided to distribute dividend upto 100% the distributable surplus of the scheme on the face value of Rs 10 per unit as dividend on the record date of 24 February 2009.

The scheme recorded a NAV of Rs 10.2186 per unit in the retail plan and Rs 10.2361 per unit under the institutional plan as on 17 February 2009.

ICICI Prudential Interval Fund II - Quarterly Interval Plan-C is a debt oriented interval scheme with an investment objective to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

SBI MF Declares Dividend For 90 Days Debt Fund - Feb 19, 2009

SBI Mutual Fund has declared dividend under dividend option of SBI Debt Fund Series-90 days -32. The record date for the dividend is 24 February 2009.

The quantum of dividend will be 100% of the distributable surplus of the scheme as on the record date on the face value of Rs 10 per unit. The NAV under the scheme was at Rs 10.1953 per unit as on 11 February 2009.

SBI Debt Fund Series-90 days -32, a close-ended debt scheme, with an objective to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, AAA/AA+ bonds and money market instruments.

Principal Pnb Changes Asset Allocation Of Ultra Short Term Fund - Feb 19, 2009

Principal Pnb Mutual Fund has announced changes in asset allocation pattern of Principal Ultra Short Term Fund (PUSTF) with effect from 24 March 2009.

Accordingly, the scheme will invest it entire corpus in debt instruments and money market instruments (including MIBOR linked instruments with daily put and call options) with low to medium risk profile.

The scheme would invest in such instruments which have an average maturity of upto one year. Investment in securitised debt may be upto 50% of the net assets of the scheme. The scheme may also invest upto 50% of net assets of the scheme in such derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing.

Existing asset allocation pattern of the Fund is as follows: The scheme invests 50%-100% of net assets in the fixed rate debt instrument and money market instruments and 50-100% in floating rate debt instruments and money market instruments.

The fund invests in such instruments which have an average maturity between 90 days to one year. The investments in securitised debts will not normally exceed 50% of net assets of the scheme in such derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing.

The investors may exercise the exit option without payment of any exit load from 20 February 2009 to 23 March 2009 both days inclusive, if they have any objection for the above change.

PUSTF is an open ended debt scheme to generate regular income through investments in debt securities and money market instruments.

ING MF Announces Change In Nomenclature - Feb 18, 2009

ING Mutual Fund has announced the change in the name of the ING Liquid Plus Fund, an open ended income scheme to ING treasury Plus Fund, with effect from 18 February 2009. All other features, term and conditions of the scheme remain unchanged.

ING Liquid Plus Fund is an open ended income scheme with the objective to provide an investment avenue for investors preferring good liquidity and an investment horizon of 2-6 months. The scheme would be able to achieve its objectives by investing in a portfolio of money market and debt instruments.

Canara Robeco Changes The Investment Pattern Of Liquid Schemes - Feb 18, 2009

Canara Robeco Mutual Fund has announced change in investment pattern of Canara Robeco Liquid Fund and Canara Robeco Floating Rate Scheme.

In accordance with Sebi circular date 19 January 2009, the investment pattern indicating characteristics of the portfolio of the above mentioned Liquid schemes have been revised as follows:

i. Effective 01 February 2009, scheme shall make investments in / purchase debt and money market securities with maturity of upto 182 days only.

ii. Effective 01 May 2009, the scheme shall make investments in / purchase debt and money market securities with maturity of upto 91 days only.

iii. Inter-scheme transfers of the securities having maturity of upto 365 days and already held in any other schemes of Effective Mutual Fund as on 1 February 2009 shall be permitted till 31 October 2009.

iv. Effective 1 November 2009, inter scheme transfer in the scheme shall be carried out in debt and money market instruments with maturity of upto 91 days.

Mutual Funds Offload Rs 756.20-Crore Worth Of Shares This Month - Feb 18, 2009

Mutual funds (MFs) sold shares worth a net Rs 53.20 crore on February 16, 2009 as compared to an inflow of Rs 172.20 crore on February 13, 2009. The net outflow of MF's stood at Rs 53.20 crore on February 16, 2009 and this was a result of gross purchases Rs 101.40 crore and gross sales Rs 154.60 crore. The MFs till February 16, 2009 were net seller of shares worth Rs 756.20 crore in this month.

Changes In Investment Pattern Of DBS Chola MF's Liquid Schemes - Feb 17, 2009

DBS Chola Mutual Fund has announced change in investment pattern of DBS Chola Liquid Fund, an open ended high liquidity income scheme.

In accordance with Sebi circular date 19 January 2009, the investment pattern indicating characteristics of the portfolio of the Liquid schemes have been revised as follows:

i. With effect from 01 February 2009, scheme shall make investments in / purchase debt and money market securities with maturity of upto 182 days only.

ii. With effect from 01 May 2009, the scheme shall make investments in / purchase debt and money market securities with maturity of upto 91 days only.

iii. Inter-scheme transfers of the securities having maturity of upto 365 days and held in other schemes as on 1 February 2009 shall be permitted till 31 October 2009.

iv. With effect from 1 November 2009 such inter scheme transfer of securities held in other schemes having maturity of upto 91 days only shall be permitted in the scheme.

Franklin MF Announces Change In Nomenclature - Feb 17, 2009

Franklin Mutual Fund has announced the change in the nomenclature of Templeton India Liquid Plus to Templeton India Cash Management Account in line with circular dated 19 January 2009 of Sebi. The change is effective from 17 February 2009.

Templeton India Liquid Plus is an open-ended liquid scheme with the objective to provide income and liquidity consistent with prudent risk from a portfolio comprising of money market and debt instruments.

Mutual Funds Turn Buyers - Feb 17, 2009

Mutual funds (MFs) purchased shares worth a net Rs 172.10 crore on February 13, 2009 as against an outflow of Rs 202.40 crore on February 12, 2009. The net inflow of MFs' stood at Rs 172.10 crore on February 13, 2009 and this was a result of gross purchases Rs 489.50 crore and gross sales Rs 317.40 crore. The MFs in this month till February 13, 2009were net seller of shares worth Rs 703.10 crore.

Bharti AXA MF Announces Changes- Feb 16, 2009

Bharti AXA Mutual Fund has announced the change in the nomenclature of Bharti AXA Treasury Plus to Bharti AXA Treasury Advantage Fund in line with circular dated 19 January 2009 of Sebi.

Mr. Sriraj Bhattachrjee has been designated as the new fund manager of the scheme in place of Mr. Sujoy Kumar Das, the current fund manager.

The above mentioned changes are effective from 16 February 2009.

Bharti AXA Treasury Advantage Fund is an open-ended income scheme with the investment objective to seek to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments.

Birla Sun Life MF Declares Dividend - Feb 16, 2009

Birla Sun Life Mutual Fund has announced dividend in the dividend option of retail and institutional plan of Birla Sun Life Interval Income Fund-Quarterly Plan-Series III. The fund house has planned to distribute 100% of distributable surplus as dividend on the record date of 19 February 2009 at face value of Rs 10 per unit.

The scheme recorded a NAV of Rs 10.2237 per unit under retail and institutional plan each as on 12 February 2009.

Birla Sun Life Interval Income Fund-Quarterly Plan-Series III is an interval income scheme with an investment objective to generate regular income through investments in debt and money market instruments.

Kotak MF Announces Change In Load Structure- Feb 14, 2009

Kotak Mutual Fund has announced changes in load structure of Kotak Equity Arbitrage Fund. The changes will be effective from 18 February 2009.

Accordingly, the scheme will not charge any entry load.

Exit load, for investments les than or equal to Rs 2 crore, the scheme will charge an exit load of 0.60%, if redeemed on or before 90 days from the date of allotment of units. 0.50%, if redeemed after 9H days but on or before 180 days from the date of allotment of units.

For investments greater than Rs 2 crore, it will charge an exit load of 0.50%, if redeemed on or before 30 days from the date of allotment of units. And nil if redeemed after 30 days from the date of allotment of units.

Kotak Equity Arbitrage Fund is an open ended equity growth scheme with an investment objective to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash & derivatives segment of the equity market, and by investing the balance in debt and money market instruments.

JP Morgan MF Changes Name Of Its Scheme- Feb 14, 2009

JP Morgan Mutual Fund has announced the change in the nomenclature of JP Morgan Indian Liquid Plus Fund to JP Morgan India Treasury Fund, with effect from 18 February 2009.

IDFC MF Introduces The New Investment Plan- Feb 14, 2009

IDFC Mutual Fund has introduces the new investment plan namely Plan C in IDFC Super Saver Income Fund - Investment Plan with effect from 16 February 2009.

Details of Plan C:

Option: The schemes offer growth and dividend option and the dividend option further offers dividend payout and reinvestment scheme.

Minimum application amount: The minimum application amount of the scheme is Rs 5000 and in multiples of Re 1 thereafter.

Offer Price: Rs 10 per unit and at applicable NAV thereafter.

Load Structure: The scheme will not charge any entry. How ever it will charge an exit load of 1.25% of NAV on investors who purchase / switch in and seek to redeem/switch out such units (irrespective of any amount) within 1 year such from the date of effecting such purchase/switch in. Investors opting for PEP/dividend reinvestment option /SWP or switch between options will not be levied an exit load.

All other terms of the Scheme Information Details (SID) remain unchanged.

Mutual Funds Step Up Selling - Feb 13, 2009

The mutual funds (MFs) sold shares worth a net Rs 97 crore on February 11, 2009as against Rs 37.50 crore on February 10, 2009. The net outflow of MFs stood Rs 97 crore on February 11, 2009 and was a result of gross purchases Rs 270.30 crore and gross sales Rs 367.30 crore. The MFs were net seller of shares worth Rs 672.90 crore in this month, till February 11, 2009.

JM Financial MF Declares Dividend For JM-QIF-4 - Feb 13, 2009

JM Financial Mutual Fund has declared dividend under JM Interval Fund-Quarterly Plan 4 (JM-QIF-4) dividend option and fixed. The record date for the same is February 16, 2009. The fund house has decided to distribute realized appreciation in the NAV of the plan/option till the record date as dividend (inclusive of dividend distribution tax) in both regular as well as institutional plan under the scheme. The scheme as on February 10, 2009 recorded a NAV of Rs 10.1009 per unit in regular plan and Rs 10.1039 per unit under institutional plan.

JM Interval Fund-Quarterly Plan 4 is a debt oriented interval fund with an aim is to seek to generate predictable returns over a predetermined period by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the plans.

DBS Chola MF Files Offer Document With Sebi - Feb 13, 2009

DBS Chola Mutual Fund has filed offer document with Sebi to launch DBS Chola Select Income Fund, which is an open-ended income scheme. The NFO price for the fund is Rs 10 per unit. The scheme will offer two plans- Flexi Debt Fund: Institution Option and Retail Option. Regular Debt Fund: Institution Option and Retail Option. Besides this, each option will have following sub option: Dividend, Growth, Quarterly Dividend and Bonus. Flexi Debt Fund and Regular Debt fund will have separate portfolio.

The scheme seeks to generate regular returns and capital appreciation by investing in debt along with government and money market securities.

HDFC MF Declares Dividend In HDFC FMP 90D November 2008 (2) - Feb 12, 2009

HDFC Mutual Fund has announced dividend under the dividend option of retail as well as wholesale plan of HDFC FMP 90D November 2008 (2), which is a fixed maturity plan under HDFC Fixed Maturity Plans-Series X, a close-ended income scheme. The record date for the same is February 16, 2009. The fund house has decided to distribute 100% of distributable surplus as dividend as on the record date on the face value of Rs 10 per unit.

The scheme as on February 9, 2009 recorded a NAV of Rs 10.2255 per unit under the retail plan and Rs 10.2278 per unit under wholesale plan. The objective of the scheme is to generate regular income through investments in debt/money market instruments as well as government securities.

Reliance Announces Change In SIP Registration Process For New Investors - Feb 12, 2009

Reliance Mutual Fund has announced the change in the Systematic Investment Plan (SIP) registration process for the new investors, with effect from February 11, 2009. For the new investors an additional feature has been decided to introduce wherein the investors can start an SIP directly without any initial investment. In line with this, the investors in this option can submit the application for SIP on any working day but the subsequent installment date of SIP shall be 2nd/ 10th / 18th /28th with a minimum gap of at least 21 working days between the submission of application form and the 1st SIP as may be specified by RCAM from time to time. The subsequent installments should have a gap of atleast a month or a quarter depending upon the frequency chosen. If the installments date is a non-working day for the scheme then the units shall be allotment on the next working day. The said feature shall be made available in all the schemes where as the SIP facility is available as per the offer document/scheme information document/addendum of Reliance Mutual Fund.

Mutual Funds In Selling Mode - Feb 12, 2009

Mutual funds (MFs) sold shares worth a net Rs 37.50 crore on February 10, 2009 as compared to an inflow of Rs 62.90 crore on February 9, 2009. The net outflow of MFs' stood at Rs 37.50 crore on February 10, 2009 and this was a result of gross purchases Rs 269.70 crore and gross sales Rs 307.20 crore. The MFs till February 6, 2009 were net seller of shares worth Rs 576 crore in this month.

AIG Global Investment Group MF Renames Scheme - Feb 11, 2009

AIG Global Investment Group Mutual Fund has renamed AIG India Treasury Plus Fund as AIG India Treasury Fund with effect from 16 February 2009. All other terms and conditions of the said scheme will remain unchanged.

AIG India Treasury Plus Fund is an open ended income scheme with an investment objective to seek to generate optimal returns commensurate with low risk and a high liquidity from a portfolio constituted of debt securities and money market securities.

ICICI Prudential MF Revises Exit Load In Income Opportunities Fund - Feb 11, 2009

ICICI Prudential Mutual Fund has approved the revision in the exit load structure under ICICI Prudential Income Opportunities Fund with effect from February 11, 2009. Accordingly, under retail plan, for an investment up to Rs 1 crore the scheme will levy an exit load of 2.5% if the amount, sought to be redeemed or switched out, is invested upto 2 years from the date of allotment and nil if the amount to be redeemed or switched out, is invested for more than 2 years from the date of allotment. On the top of this, for the investment above Rs 1 crore, the scheme will not levy any exit load. There will be no exit load for the institutional option and for Systematic Transfer Plan (STP) out of retail option of the scheme.

ICICI Prudential Income Opportunities Fund is an open ended income fund that intends to generate income through investments in a range of debt as well as money market instruments.

ING Announces Merger Of Units Of Two Schemes - Feb 11, 2009

ING Mutual Fund has announced the merger of ING OptiMix Active Short Term Fund (AST) with ING OptiMix Active Debt Multi Manager FOF Scheme (AD), with effect from March 7, 2009. Accordingly after the merger, both the retail and institutional plan of merging scheme AST is proposed to be merged into the merged scheme. The dividend option of the merging scheme (AST) is proposed to be merged into the dividend option of the merged scheme (AD). In line with this, the growth option of the merging scheme is proposed to be merged into the growth option of the merged scheme. However, the objective of investment and asset allocation pattern of AD will remain the same. All the AST unit holders at the end of 7 March 2009 will automatically become the unit holders of AD.

The investors of ING OptiMix Active Debt Multi Manager FOF Scheme may exercise an exit option without any exit load from February 6, 2009 to March 7, 2009. If the investors do not exercise the exit option, it would be deemed that they have consented to the proposed change.

Reliance MF Declares Dividend - Feb 10, 2009

Reliance Mutual Fund has declared dividend under dividend option of Reliance Interval Fund - Monthly Interval Fund -Series I. The record date for the same is February 13, 2009. The quantum of dividend will be 100% of distributable surplus as on the record date. The fund house has decided to offer dividend on the face value of Rs 10 per unit for both plans- retail as well as institutional plans.

ICICI Pru FMCG Fund Declares Dividend - Feb 10, 2009

ICICI Prudential Mutual Fund has declared dividend under dividend options of ICICI Prudential FMCG Fund. The record date for the same is February 13, 2009. The fund house has decided to offer Rs 1.20 per unit as dividend as on the record date. The NAV as on February 5, 2009 of ICICI Prudential FMCG Fund was at Rs 20.77.

ICICI Prudential FMCG Fund is an open-ended FMCG sectoral fund with an aim to generate capital appreciation through investments primarily in FMCG Sector.

UTI Mutual Fund Gets Award - Feb 10, 2009

ICRA Mutual Fund awards 2009 has honored the UTI Mutual Fund with 'Star Fund House of the Year' in the equity category for one year period ending December 2008. The fund was also awarded nine ICRA Mutual Fund Awards 2009 under its various schemes.

According to Chairman and Managing Director, UTI Asset Management Company Ltd., U K Sinha, this is a result of the structural and process changes that we had initiated around 2 years back. The efforts of UTI fund management team has concluded in UTI Mutual Fund winning the Star Fund House of the Year award in the Equity Category. UTI Mutual Fund is a process oriented fund house which strives to give its investors the best possible returns. Recently UTI Mutual Fund has also won the Outlook Money NDTV Awards 2008 for the Best Debt Fund House for the year ended June 30, 2008.

DBS Chols MF Ceases Interval Income Fund - Feb 9, 2009

DBS Chola Mutual Fund has wound up DBS Chola Interval Income Fund - Quarterly Plan C, with effect from February 6, 2009. It has also ceased to issue units in the plan as well as has also ceased to create or cancel units in the plan. DBS Chola Interval Fund - Quarterly Plan C seeks to generate regular income through investments in debt (including securitised debt) as well as the money market and government securities normally maturing in line with the time profile of the respective plans.

Taurus MF Comes Out With 100% Dividend - Feb 6, 2009

Taurus Mutual Fund has come out with a 100% dividend for Taurus Fixed Maturity Plan (FMP) 90 Days-Series 1.The record date for the dividend is January 22, 2009. All investors under dividend option of Taurus Fixed Maturity Plan (FMP) 90 Days-Series 1, whose names appear on the scheme books as on or before the record date, are eligible. The objective of the fund is to generate income with minimum volatility through investments in the portfolio of debts as well as money market instruments. The NAV of the fund as on January 15, 2009 was Rs. 10.25.

Lotus India MF Renames As Religare Mutual Fund - Feb 6, 2009

Religare Mutual fund which was earlier known as Lotus India Mutual Fund announced some changes in Statement of additional Information (SAI) as well as Scheme Information Documents (SID), Key Information Memorandums (KIM), Offer Documents (ODs) of following schemes mentioned below with effect from February 5, 2009:

The schemes are Lotus India Contra Funds along with Lotus India Growth Fund, Lotus India Equity Fund, Lotus India Banking Fund, Lotus India AGILE Fund, Lotus India Tax Plan, Lotus India Arbitrage Fund, Lotus India Infrastructure Fund, Lotus India Mid Cap Fund, Lotus India Mid n Small Cap Fund, Lotus India AGILE Tax Fund, Lotus India Liquid Fund, Lotus India Liquid Plus Fund, Lotus India Gilt Fund, Lotus India Active Income Fund, Lotus India Overnight Fund, Lotus India Short Term Plan, Lotus India Quarterly Interval Funds, Lotus India Half Yearly Interval Fund and Lotus India Fixed Maturity Plans.

The name Lotus India Mutual Fund will be replaced with Religare Mutual Fund where it appears in SAI of the mutual Fund, ODs, SIDs and KIMs of the schemes of the Mutual Funds. In line with this, the name Lotus India Trustee Company will be replaced with Religare Trustee Company.

Birla Sun Life MF Revises Load Structure - Feb 6, 2009

Birla Sun Life Mutual Fund has revised the load structure in Birla Sun Life Short Term Fund with effect from February 6, 2009. The Fund as per revision, will not levy an exit load. There is no change in entry load i.e. no entry load is applicable. As per the existing provision the fund charges 0.25% as exit load of applicable NAV for units redeemed/switched out within 7 days from the date of allotment.