UTI Master Equity Plan Unit Scheme Declares Dividend – March 31 , 2009

UTI Mutual Fund has announced dividend of 15% or Rs 1.50 per unit on a face value of Rs 10 under dividend options of UTI Master Equity Plan Unit Scheme, an equity oriented scheme. The record date for declaration of dividend is set on 6 April 2009.

The NAV per unit as on 27 March 2009 was Rs 29.85 per unit under the scheme.

The scheme primarily aims at securing for the members capital appreciation by investing the funds of the scheme in equity scheme in equity shares and convertible and non-convertible bonds/debentures of companies with good growth prospects and money market instruments.

Birla Sun Life MF Declares Dividend – March 31 , 2009

Birla Sun Life Mutual Fund has declared dividend in the retail plan dividend option of two schemes as Birla Sun Life Fixed Term Plan-Series AN and Birla Sun Life Fixed Term Plan-Series AR respectively. The record date for the same is April 2, 2009.

The fund house has decided to distribute 100% distributable surplus as dividend under the schemes respectively on the record date on the face value of Rs 10 per unit. Birla Sun Life Fixed Term Plan-Series AN and Birla Sun Life Fixed Term Plan-Series AR recorded NAV of Rs 10.9826 per unit and Rs 10.9133 per unit as on March 26, 2009. Birla Sun Life Fixed Term Plan-Series AN and AR are close ended income schemes with an objective to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.

SBI Mutual Fund Rolls Out Gold Exchange Traded Fund – March 31 , 2009

SBI Mutual Fund has rolled out SBI Gold Exchange Traded Scheme (GETS), which is its gold exchange traded fund and it expects to raise Rs 150-200 crore from the new offer. The scheme will invest a maximum of 100 per cent and a minimum of 90 per cent in gold as well as gold bullion instruments while it could invest up to 10 per cent in debt as well as money market instruments. The new scheme opened on March 30 and will close on April 28. The minimum amount of investment in this scheme is Rs 5,000 and in multiples of Re 1 thereafter. The scheme will be benchmarked against the gold price, based on the prices given by London Bullion Market association (the morning fixing). Each unit of this scheme will be approximately equal to the closing price of one gram of gold on the date of allotment. The units of this scheme will be listed on the NSE. The entry load for the applications for up to Rs 25 lakh is 2.50 per cent while for Rs 25 lakh-Rs 50 lakh is 1.50 per cent, for Rs 50 lakh-one crore is one per cent and for applications above one crore there is no entry load. After the listing the investors have the option of exiting the scheme at prevailing NAV without any exit load.

HDFC MF Revises Load Structure – March 30 , 2009

HDFC Mutual Fund has decided to revise load structure (non SIP/STP) in HDFC Floating Rate Income Fund-Long Term Plan. The details are:

Existing Provision:

Entry Load:

Direct applications and applications routed through and any agent/ distributor/broker: nil

Exit load:

In respect of each purchase/switch-in of units upto and including Rs 10 lakh in value, an exit load of 0.50% is payable if units are redeemed/switched-out within 6 months from the date of allotment.

In respect of each purchase/switch-in of units greater than Rs 10 lakh in value, an exit load of 1% is payable if units are redeemed/switched-out within 6 months from the date of allotment.

Revised Provision:

Entry Load:

Applications not routed through and any agent/ distributor/broker (direct application): nil

Applications routed through and any agent/ distributor/broker; in respect of each purchase/switch-in of units, and entry load of 1% is payable.

Exit load:

In respect of each purchase/switch-in of units upto and including Rs 10 lakh in value, an exit load of 0.50% is payable if units are redeemed/switched-out within 6 months from the date of allotment.

In respect of each purchase/switch-in of units greater than Rs 10 lakh in value, an exit load of 3% is payable if units are redeemed/switched-out within 18 months from the date of allotment.

The aforesaid change will be applicable on a prospective basis from 1 April 2009 in respect of investments made in HDFC Floating Rate Income Fund-Long Term Plan.

HDFC Floating Rate Income Fund-Long Term Plan is an open ended income scheme with an investment objective to generate regular income through investment in portfolio comprising substantially of floating rate debt/money market instruments, fixed rate debt/money market instruments swapped for floating rate returns and fixed rate debt securities and money market instruments.

Reliance MF declares dividend for Quarterly Interval Fund – March 30 , 2009

Reliance Mutual Fund has declared dividend under dividend option of Reliance Interval Fund - Quarterly Interval Fund -Series I. The record date for the same is April 2, 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 under retail plan as on March 25, 2009 was at Rs 10.0147 per unit and under institutional plan was at Rs 10.0151 per unit. Reliance Interval Fund - Quarterly Interval Fund, is a debt oriented interval scheme with an objective to seek to generate regular returns as well as growth of capital by investing in a diversified portfolio of Central and state government securities and other fixed income/ debt securities normally maturing in line with the time profile of the plan.

IDFC MF Introduces The New Investment Plan Under Various – March 30 , 2009

IDFC Mutual Fund has introduces the new investment plan namely Plan B in IDFC Premier Equity Fund (IDFC - PEF) as well as IDFC Classic Equity Fund (IDFC -CEF), IDFC Imperial Equity Fund (IDFC - IEF) and IDFC Strategic Sector (50-50) Equity Fund (IDFC -SS (50-50) EF). The change will be effective from April 2, 2009. The existing plan is being renamed as Plan A (regular plan). The new plan will have the same investment portfolio as the existing plan.

The schemes offer growth as well as dividend option. Moreover, the dividend option further offers dividend payout and reinvestment scheme. The minimum application amount of the scheme is Rs 25000 and in multiples of Re 1 thereafter for IDFC - PEF and Rs 5000 and in multiples of Re 1 thereafter for IDFC -CEF, IDFC - IEF and IDFC -SS (50-50) EF. The offer Price is Rs 10 per unit. The scheme will not charge any entry load. However, it will charge an exit load of 1.00%, in case of purchase of less than Rs 5 crore and if redeemed within one year from the date of purchase. On the top of this, no exit load for the purchase of Rs 5 crore and more.

DSP BR MF Declares Dividend For FMP – March 28 , 2009

DSP BlackRock Mutual Fund has declared dividend in dividend reinvestment option of the regular plan of DSP BlackRock Fixed Maturity Plan-15M-Series 1, a closed ended income scheme.
The record date is set as 01 April 2009 on face value of Rs 10 per unit:

Dividend details:

For individuals: Rs 0.364743 per unit

For Others: Rs 0.339475 per unit

The scheme recorded a NAV at Rs 10.3351 per unit under regular plan as on 1 April 2009.

IDFC MF Declares Dividend For FMP- March 28,2009

IDFC Mutual Fund has declared dividend under dividend option of IDFC Fixed Maturity Plan - Yearly Series 17 (IDFC-FMP-YS17). Record date for dividend distribution is 2 April 2009.

The fund house has decided to distribute entire appreciation in net asset value (NAV) of dividend option since inception until 2 April 2009, subject to availability of distributable surplus, as dividend. The scheme recorded a NAV of Rs 11.0037 per unit under plan A and Rs 11.0339 under Plan B as on 25 March 2009.

IDFC-FMP-YS17 is a close ended income scheme with an investment objective to seek to generate income by investing in portfolio of debt and money market instruments in line with duration of the scheme.

HDFC Arbitrage Fund Discontinues Monthly Dividend Option – March 28 , 2009

HDFC Mutual Fund has decided to discontinue the Monthly Dividend Option offered under wholesale and retail plan in HDFC Arbitrage Fund with effect from 6 April 2009. The dividend option under the scheme currently offers monthly and quarterly options with payout and reinvestment facility. Accordingly, effective 6 April 2009 dividend option under the scheme shall only provide quarterly dividend option with payout and reinvestment facility.

Existing unit holders under monthly dividend option will automatically be covered under quarterly dividend option from the effective date. HDFC Arbitrage Fund is an open ended equity fund, the objective of the scheme is to generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.

ICICI Prudential MF Declares Dividend For Income Plans - March 27 , 2009

ICICI Prudential Mutual Fund has declared dividend under dividend option of ICICI Prudential Income Plan. The record date for the same is March 31, 2009.The fund house has decided to offer dividend under Quarterly dividend as well as Half Yearly dividend option-retail and institutional plan.

The quantum of dividend will be up to 1.5% i.e. Rs 0.15 per unit on the face value of Rs 10 per unit. The NAV under scheme as on March 24, 2009 was Rs 12.5027 per unit under retail option and Rs 11.5981 per unit under institutional option.

ICICI Prudential Income Plan- Half Yearly Dividend Frequency

The quantum of dividend will be up to 6.00% i.e. Re 0.60 per unit under retail option and up to 3.8% i.e. Rs 0.38 per unit on the face value of Rs 10 per unit. The NAV under scheme as on March 24, 2009 was Rs 11.8951 per unit under retail option and Rs 10.8392 per unit under institutional option.

ICICI Prudential Income Plan is an open-ended income fund with the objective to generate income through investments in debt instruments.

Fortis Flexi Debt Fund Declares Dividend - March 27 , 2009

Fortis Mutual Fund has declared dividend under the Quarterly and Half -Yearly dividend option of Fortis Flexi Debt Fund - Regular Plan. The record date for the same is March 31, 2009. The quantum of the dividend will be 100% of the available distributable surplus as on record date on the face value of Rs 10 per unit. The NAV of the scheme as on March 24, 2009 was at Rs 10.4089 per unit under quarterly dividend option while Rs 11.1245 per unit under half yearly dividend option.

The objective of the scheme is to generate income through investments in a range of debt as well as money market instruments of various maturities in order to maximise the income.

JM MIP Fund Offers Dividend - March 27 , 2009

JM Financial Mutual Fund has proposed to declared dividend under dividend option of JM Monthly Income Plan (MIP) Fund. The record date for the same is March 30, 2009. The fund house has decided to offer dividend under Quarterly dividend as well as Annual dividend option. The quantum of dividend will be up to 3.839% i.e. Re 0.3839 per unit.

The NAV under Quarterly dividend option as on March 24, 2009 was Rs 10.4475 per unit and under Annual dividend option was Rs 11.1133 per unit.

JM MIP Fund, an open-ended income scheme with an objective of generating regular income, primarily through investments in fixed income securities so as to make monthly, quarterly and annual dividend distribution, declare bonus in the growth option.

UTI MF Declares Dividend Under Short Term FMP - March 26,2009

UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan-Series I-III (251 days). The record date for the dividend is March 31, 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 retail plan as on March 23, 2009 was at Rs. 10.6923 per unit.

UTI Short Term Fixed Maturity Plan is a close-ended income scheme with 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.

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

ICICI Prudential Mutual Fund has declared dividend under the dividend option in retail and institutional plans of ICICI Prudential Interval Fund II-Quarterly Interval Plan-F. The record ate for the same is March 30, 2009. The fund house has decided to distribute dividend upto 100% of distributable surplus on the face value of Rs 10 per unit on the record date.

The NAV under the retail and institutional option as on March 23, 2009 was recorded at Rs 10.1758 per unit and Rs 10.1881 per unit, respectively. ICICI Prudential Interval Fund II - Quarterly Interval Plan-F is a debt oriented interval scheme with an objective to generate optimal returns consistent with moderate level of risk and liquidity by investing in debt instruments as well as money market instruments.

SBI MF Declares Dividend For 370 Days Debt Funds - March 26,2009

SBI Mutual Fund has declared dividend under dividend option of SBI Debt Fund Series-370 days- 1 and SBI Debt Fund Series-370 days- 2. The record date for the same is March 30, 2009. The dividend will be declared for both retail as well as institutional plans of the fund.

The quantum of dividend under retail and institutional plans will be 1.943% i.e. Rs 0.1943 per unit as on the record date for individual as well as HUF investors and for other investors on the face value of Rs 10 per unit. The NAV under retail and institutional plan of the scheme as on March 18, 2009 was at Rs 10.4397 and Rs 10.6361 per unit, respectively. The quantum of dividend under both the options will be 1.467% i.e. Rs 0.1467 per unit as on the record date for individual, HUF investors and for other investors on the face value of Rs 10 per unit. The NAV under retail and institutional plan of the scheme as on March 18, 2009 was at Rs 10.4316 and Rs 10.4614 per unit, respectively.

SBI Debt Fund Series is a close-ended debt scheme with an objective to provide regular income as well as liquidity and returns to the investors through investments in a portfolio comprising debt instruments.

SBI Arbitrage Opportunities Fund Declares Dividend- March 25, 2009

SBI Mutual Fund has declared dividend under dividend option of SBI Arbitrage Opportunities Fund. The record date for the dividend is 30 March 2009.

The quantum of dividend will be 7% i.e. Rs 0.70 per unit on the face value of Rs 10 per unit. The NAV under the scheme was at Rs 11.4931 per unit as on 23 March 2009.

SBI Arbitrage Opportunities Fund is an open ended scheme which aims to provide capital appreciation and regular income for unit holders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments.

Tata Fixed Income Portfolio Fund Declares Dividend- March 25, 2009

Tata Mutual Fund has proposed to declare dividend under quarterly dividend option of Tata Fixed Income Portfolio Fund - Scheme B3. The record date is set as 30 March 2009.

The quantum of dividend will be upto 100% of the returns generated between 01 January 2009 to 30 March 2009 subject to availability pf distributable surplus i.e. net of dividend distribution tax and other statutory levy on face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.2103 as on 23 March 2009.

Tata Fixed Income Portfolio Fund is an open ended debt fund with the objective to generate returns and/or capital appreciation along with minimization of interest rate risk by investing predominantly in a portfolio of debt and money market instruments.

Reliance MF Launches Fixed Horizon Fund -XII-Series 4- March 25, 2009

Name of Fund: Reliance Fixed Horizon Fund- XII-Series 4

Scheme: A close-ended income scheme.

NFO Opens: 25 March 2009

NFO closes: 30 March 2009

New Issue price: Rs 10 per unit

Investment Objective: The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

Investment Options: Presently there are three plans available under the scheme i.e. Retail, Institutional and Super institutional plan with growth and dividend option. The dividend option offers only dividend payout facility.

Load: The scheme will not charge any entry or exit load

Minimum Investment Amount: The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. The minimum application amount under institutional plan is Rs 25 lakh and multiples of Re 1 thereafter. For super institutional plan, the investors may invest minimum of Rs 1 crore and in multiples of Re 1 thereafter.

Addendum To Offer Document- Franklin Templeton Investments- March 24, 2009

Franklin Templeton Mutual Fund has announced that Templeton Indian Pension Plan (TIPP) is now open for subscription by eligible investors upto the age of 60 years. Investors have to make the minimum investment of Rs 10,000 either in lumpsum or in instalments of minimum Rs 500 by the time they reach the age of 60 years. Age will be computed in completed years on the date of the transaction. Unitholders will continue to be eligible to redeem/repurchase the units after he/she attains 58 years of age and the total investment made is at least Rs 10000.

An unitholder may also offer units for repurchase/redemption prior to reaching age of 58 years by paying applicable exit load provided the investor has invested the minimum amount of Rs 10000. However all redemptions will be subject to completion of the lock-in period of three financial years. There is no maximum limit on investment.

All other terms and conditions of the scheme's offer document read with the addenda issued from time to time will remain unchanged.

Templeton Indian Pension Plan is an open ended tax saving scheme whose objective is to provide investors regular income under the dividend plan and capital appreciation under the growth plan.

Reliance MF Launches Fixed Horizon Fund -XII-Series 3- March 24, 2009

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund- XII-Series 3, a close-ended income scheme on 24 March 2009. The initial offer period will be closed for subscription on 30 March 2009. The offer unit price is Rs 10 per unit.

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

Presently there are three plans available under the scheme i.e. Retail; Institutional and Super institutional plan with growth and dividend option. The dividend option offers only dividend payout facility.

The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. The minimum application amount under institutional plan is Rs 25 lakh and multiples of Re 1 thereafter. For super institutional plan, the investors may invest minimum of Rs 1 crore and in multiples of Re 1 thereafter.

The scheme will not charge entry and exit load.

UTI MF Declares Dividend Under Two Fixed Term Income Fund- March 24, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Term Income Fund - Series IV-VI (15 months) and UTI Fixed Income Fund - Series V-VI (13 months). The record date for the declaration of dividend is 30 March 2009.

The quantum of dividend under both schemes will be 100% of distributable surplus available on the record date on face value of Rs 10 per unit. The NAV for UTI Fixed Term Income Fund - Series IV-VI was at Rs 10.9316 per unit and UTI Fixed Income Fund - Series V-VI was at Rs 10.0668 per unit as on 20 March 2009.

UTI Fixed Term Income Fund is a close ended income scheme with the objective to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of the scheme.

ING MF Declares Dividend Under FMP-Series 52- March 23, 2009

ING Mutual Fund has announced 27 March 2009 as the record date for declaration of dividend under ING Fixed Maturity Fund - Series 52 on face value of Rs 10 per unit. The fund will offer dividend for both retail and institutional plan.

The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 27 March 2009 as dividend. The NAV under retail plan and institutional plan was at Rs 10.5205 per unit and Rs 10.5591 pr unit respectively, as on 19 March 2009.

ING Fixed Maturity Fund - Series 52 is a close -ended scheme offering an investment plan of 183 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in debt securities so as to minimize the impact of price fluctuation of such securities and the value at maturity.

Principal Pnb FMP- 385 Days-Series VII Declares Dividend- March 23, 2009

The Principal Pnb Mutual Fund has announced the declaration of dividend under dividend option in regular and institutional plan of Principal Pnb Fixed Maturity Plan-385 Days-Series VII. The record date for dividend has been fixed as 26 March 2009.

The quantum of dividend under regular plan will be Rs 0.54 per unit and under institutional plan will be Rs 0.57 per unit on face value of Rs 10 per unit on the record date. The NAV of the scheme was recorded at Rs 10.6238 per unit under regular plan and Rs 10.6584 per unit under institutional plan as on 18 March 2009 .

Principal Pnb Fixed Maturity Plan a close ended debt scheme with an investment objective to build an income-oriented portfolio and providing returns along with regular liquidity to investors.

Birla Sun Life MF Declares Dividend Under FMP- March 23, 2009

Birla Sun Life Mutual Fund has declared dividend under dividend option of Birla Sun Life Fixed Maturity Plan -Annual Series 1. The record date for declaration of dividend is 26 March 2009.

The quantum of dividend will be 3.00% i.e. Rs 0.30 per unit on face value of Rs 10 per unit on the record date. The NAV of the scheme was recorded at Rs 10.3267 per unit as on 19 March 2009.

Birla Sun Life Fixed Maturity Plan is an open-ended income scheme with the investment objective of generating regular income through investments in debt and money market instruments. The scheme would aim to derive regular income through investments in a portfolio of fixed income securities normally maturing in line with the time profile of the scheme.

Reliance Diversified Power Sector Fund Declares Dividend- March 21, 2009

Reliance Mutual Fund has approved 26 March 2009 as the record date for declaration of dividend under dividend option in retail and institutional plans of Reliance Diversified Power Sector Fund.

The quantum of dividend under both the plan will be 20% i.e. Rs 2.00 per unit on face value of Rs 10 per unit. The NAV of the scheme was at Rs 25.7673 per unit and Rs 37.5530 per unit under retail and institutional plan respectively, as on 19 March 2009.

Reliance Diversified Power Sector Fund is an open-ended power sector scheme, with an investment objective to generate continuous returns by actively investing in equity and equity related or fixed income securities of power and other associated companies.

DBS Chola Gilt Investment Plan Declares Dividend- March 21, 2009

DBS Chola Mutual Fund has approved to declare dividend under quarterly dividend option of DBS Chola Gilt Investment Plan. The record date for the declaration of dividend is 27 March 2009.

The fund will declare the dividend of Rs 0.20 per unit as on face value of Rs 10 per unit. The NAV for the scheme was Rs 11.2342 as on 19 March 2009.

The investment objective of the scheme will be to generate returns form a portfolio from the investments in government securities.

Deutsche MF Declares Dividend In MIP Fund- March 21, 2009

Deutsche Mutual Fund has approved the declaration of dividend under the dividend option of DWS MIP Fund. The fund house has decided to distribute 0.25 paise per unit as dividend under the quarterly dividend option of the scheme and 0.75 paise per unit as dividend under the annual dividend option of the scheme on the record date of 26 March 2009.

The scheme recorded NAV of Rs 10.3528 per unit in quarterly dividend option and Rs 11.5491 per unit in annual dividend option of the scheme as on 19 March 2009.

UTI Children's Career Balanced Plan Offers 1:10 Bonus- March 20, 2009

UTI Mutual Fund has approved 26 March 2009 as the record date for declaration of bonus under UTI Children's Career Balanced Plan on the face value of Rs 10 per unit.

The quantum of bonus will be in ratio of 1:10 i.e. 1 additional unit for every 10 units currently held by investors. The NAV of UTI Children's Career Balanced Plan was at Rs. 12.7396 per unit as on 18 March 2009.

UTI Children's Career Balanced Plan, an open-ended scheme aims to fulfill a parent's dream by providing for the cost of higher education etc. of a child through payment of scholarship on yearly/ half yearly basis in a tax friendly manner. Funds collected under the Plan will be invested in equities, convertible, and non-convertible debentures/bonds of companies/ corporates etc. and other capital and money market instruments.

Principal Pnb MF Declares Dividend For Various Schemes- March 20, 2009

The Principal Pnb Mutual Fund has approved to declare dividend under dividend option of Principal Monthly Income Plan, Principal Monthly Income Plan-MIP Plus, Principal Government Securities Fund, and Principal Income Fund. The record date for dividend will be 24 March 2009.

Principal Monthly Income Plan and Principal Monthly Income Plan-MIP Plus

Both the above-mentioned funds will distribute Rs 0.1200 per unit as dividend under quarterly dividend option. The NAV of Principal Monthly Income Plan was at Rs 10.8670 per unit and that of Principal Monthly Income Plan-MIP Plus was at Rs 10.8220 per unit as on 18 March 2009.

Principal Government Securities Fund

The fund will offer dividend under quarterly dividend & half yearly dividend option in Investment Plan, and quarterly dividend option in Savings plan. The rate of dividend will be Rs 0.2000 per unit under Investment Plan with quarterly dividend option, and Rs 0.3200 per unit under Investment Plan with half yearly dividend option. The Fund will declare rate of dividend of Rs 0.1000 per unit under Savings plan having quarterly dividend option.

The NAV of Investment Plan (quarterly dividend option) was at Rs 11.9185 and NAV of investment plan (half yearly dividend option) was recorded at Rs 11.9549 per unit as on 18 March 2009. Savings Plan registered NAV at Rs 10.6864 per unit as on 18 March 2009.

Principal Income Fund

The rate of dividend for regular plan having quarterly dividend option will be Rs 0.1500 per unit and Rs 0.3500 per unit in half yearly dividend option of Regular Plan. Rate of dividend under quarterly dividend option of Institutional Plan will be Rs 0.2000 per unit. The NAV of Regular plan was at Rs 10.9323 per unit for quarterly dividend option and Rs 11.0012 per unit under half yearly dividend option. Institutional plan recorded NAV of Rs 11.8284 per unit as on 18 March 2009.

DBS Chola MF Declares Dividend In MIP- March 20, 2009

DBS Chola Mutual Fund has approved to declare dividend under quarterly dividend option of DBS Chola Monthly Income Plan. The record date for the declaration of dividend is 25 March 2009.

The Fund will declare the dividend of Rs 0.30 per unit as on face value of Rs 10 per unit. The NAV for the scheme was Rs 11.5650 as on 18 March 2009.

DBS Chola Monthly Income Plan is an open ended scheme with an objective to generate monthly income trough investment in a range of debt, equity and money market instruments.

Kotak MF Declares Dividend For Quarterly Interval Plan- March 19, 2009

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 2. The fund house has decided to distribute up to 100% distributable surplus available as dividend on the record date 24 March 2009 on the face value of Rs 10 per unit.

of The scheme recorded a NAV of Rs 10.1941 per unit as on 17 March 2009.

The specified transaction period is on 24 March 2009.

Kotak Quarterly Interval Plan -Series 2 is a debt oriented interval scheme with an investment objective to generate returns by investing in debt and money market instruments with a view to significantly reduces the interest rate risk.

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

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

The NAV under the retail and institutional option was recorded at Rs 10.2199 per unit and Rs 10.2295 per unit, respectively as on 17 March 2009.

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

UTI MF Declares Dividend Under Fixed Income Monthly Interval Plan- March 19, 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 25 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 retail plan was at Rs 10.0184 per unit and for institutional plan was at Rs 10.0183 per unit as on 17 March 2009.

The sepcified transaction period will be 25 March 2009. The scheme do not ask entry load and exit load if redeemed during specified transaction period. While 0.50% of applicable NAV will be charged as exit load if redeemed at any time other than specified transaction period. Specified transaction period shall be generally open for 1 day for subscription/ redemption/ switch out/switch -in without any load, every month after expiry of 1 month from the date of allotment.

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.

Edelweiss MF Declares Dividend For Quarterly Interval Fund- March 18, 2009

Edelweiss Mutual Fund has decided to declare dividend under dividend option of Edelweiss Quarterly Interval Fund - Series 1. The record date for the dividend is 23 March 2009.

The quantum of dividend will be 100% of the available distributable surplus of the scheme on the face value of Rs 10 per unit. The NAV for both retail and institutional plan was at Rs 10.1640 per unit as on 16 March 2009.

After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.

The specified transaction period for the scheme has been changed to 24 March 2009 instead of 23 March 2009.

Edelweiss Quarterly Interval Fund - Series 1 is an interval income scheme. The investment objective of the scheme is to generate regular income through investments in debt and money market instruments.

HDFC MF Declares Dividend For Quarterly Interval Fund- March 18, 2009

HDFC Mutual Fund has declared dividend under dividend option in both retail and wholesale plan of HDFC Quarterly Interval Fund-Plan A, an open ended interval income scheme.

The fund house has decided to distribute 100% distributable surplus as dividend on face value of Rs 10. The scheme recorded a NAV of Rs 10.1997 per unit as on 16 March 2009.

HDFC Quarterly Interval Fund-Plan A is an open ended interval income scheme with an investment objective to generate regular income through investments in debt/money market instruments and government securities.

Kotak MF Declares Dividend For Quarterly Interval Plan- March 18, 2009

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 1. The fund house has decided to distribute up to 100% distributable surplus as dividend on the record date 23 March 2009 on the face value of Rs 10 per unit.

The scheme recorded a NAV of Rs 10.1802 per unit as on 16 March 2009.

The specified transaction period is on 23 March 2009.

Kotak Quarterly Interval Plan -Series 1 is a debt oriented interval scheme with an investment objective to generate returns by investing in debt and money market instruments with a view to significantly reduces the interest rate risk.

Shinsei MF Plans To Launch PSU Bond Fund- March 17, 2009

Shinsei Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Shinsei PSU Bond Fund, an open ended income scheme. The face value of the new issue will be Rs 10 per unit.

Investment objective: The investment objective of the scheme is to generate income commensurate with prudent risk while maintaining the optimal balance of yield, safety and liquidity from a portfolio constituted of debt securities and money market securities issued predominantly by public sector undertakings and nationalised banks.

Investment plans: The Fund offers two plans viz. Savings and Investment Plan. Each plan will have retail and institutional plans with growth and dividend options. Dividend option will offer dividend payout and reinvestment facilities.

The minimum investment amount:

For Savings plan, the minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter.

For Investment plan, the minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 50 lakh and in multiples of Re 1 thereafter.

Minimum targeted amount: The scheme seeks to collect a minimum corpus of Rs 1 crore under each plan under scheme during NFO period of the respective plan under the scheme.

Asset allocation:

Savings Plan: The scheme will invest 80-100% in debt securities including government securities, securitised debt, and other securities issued by the public sector undertakings. It will invest up to 20% in debt securities including government securities, securitised debt, and other securities issued by other than public sector undertakings. Investment in money market securities shall be of maturity up to 1 year.

Investment Plan: The scheme will invest 75-100% in debt securities including government securities, securitised debt, and other securities issued by the public sector undertakings. It will invest up to 25% in debt securities including government securities, securitised debt, and other securities issued by other than public sector undertakings. Investment in money market securities shall be of maturity up to 1 year.

Investment in securitised debt under each plan will not exceed 20% of the net assets of that plan. The plans under the scheme will not invest in foreign securitised debt.

Load structure

The scheme will not ask an entry load.

In Savings Plan, exit load will be 0.50% if redeemed within 3 months from the date of allotment while no exit load for institutional plan.

In Institutional Plan, exit load will be 1.00% if redeemed within 6 months from the date of allotment and 0.50% if redeemed after 6 months but within 1 year from the date of allotment. Exit load for institutional plan will be 0.25% if redeemed within 1 month from the date of allotment of units.

Benchmark Index

The Savings Plan's performance will be benchmarked against Crisil Liquid Fund Index while Investment Plan will be benchmarked against Crisil Short Term Bond Fund Index.

Fund Manager

Killol Pandya will be the fund manager for the scheme.

Religare MF Declares Dividend For Quarterly Interval Fund- March 17, 2009

Religare Mutual Fund has approved to declare dividend under dividend option of Religare Quarterly Interval Fund-Plan F, debt oriented interval scheme. The record date of dividend distribution is 22 March 2009.

The quantum of dividend will be 100% of distributable surplus on face value of Rs 10.00 per unit. The NAV of the scheme was recorded at Rs 10.1537 per unit as on 13 March 2009.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments.

Mutual Funds Step Up Buying- March 17, 2009

Mutual funds (MFs) bought shares worth a net Rs 624.70 crore on March 13, 2009 as compared to Rs 153.10 crore on March 12, 2009. The net inflow of MF's stood at Rs 624.70 crore on March 13, 2009 and this was a result of gross purchases Rs 1095.50 crore and gross sales Rs 470.80 crore. The MFs till March 13, 2009 were net buyer of shares worth Rs 2.80 crore in this month.

Reliance MF Announces Dividend For Two Equity Funds- March 16, 2009

Reliance Mutual Fund has approved to declare dividend under dividend options of two open ended equity growth funds namely Reliance Growth Fund and Reliance Vision Fund. The dividend will be offered under both retail and institutional plan of aforesaid funds. The record date for the dividend is 20 March 2009.

Both Reliance Growth Fund and Reliance Vision Fund will offer quantum of dividend at 20% i.e. Rs 2.00 per unit on the face value of Rs 10 per unit.

Both the above mentioned equity oriented funds seeks to achieve long term growth of capital by investing in equity and equity related securities through a research based investment approach.

NAV of Reliance Growth Fund under retail plan was at Rs 28.1056 and under institutional plan at was Rs 185.2980 per unit as on 12 March 2009.

NAV of Reliance Vision Fund under retail plan was at Rs 24.9474 and under institutional plan at was Rs 114.5135 per unit as on 12 March 2009.

Kotak Mahindra Bond Unit Scheme 99 Declares Dividend- March 16, 2009

Kotak Mahindra Mutual Fund has proposed to declare dividend under quarterly dividend option of Kotak Mahindra Bond Unit Scheme 99 for both regular and deposit plans. The record date is set as 20 March 2009.

The quantum of dividend under both regular and deposit plans will be Rs 0.2000 per unit on face value of Rs 10 per unit. The NAV of the scheme was at Rs 10.7827 under regular plan and Rs 12.706 per unit under deposit plan as on 12 March 2009.

Kotak Mahindra Bond Unit Scheme 99 is an open ended debt scheme with an objective to create a portfolio of debt instruments of different maturities so as to spread the risk across a wide maturity horizon and different kinds of issuers in the debt markets.

Birla Sun Life Tax Plan Offers 45% Dividend- March 16, 2009

Birla Sun Life Mutual Fund has announced dividend in the dividend option of Birla Sun Life Tax Plan. The fund house has planned to offer 45% i.e. Rs 4.5 per unit on face value of Rs 10 per unit. The record date has fixed on 20 March 2009.

The scheme recorded a NAV of Rs 29.87 per unit as on 12 March 2009.

Birla Sun Life Tax Plan is an open-ended equity linked savings scheme with lock in of 3 years. The investment objective of the scheme is to achieve long term growth of capital along with income tax relief for investments.

The Fund does not charge exit load while it charges 2.25% as entry load for purchase/switch in of units less than Rs 5 crore. It carries no entry load for purchase of units greater than or equal to Rs 5 crore.

ING MF Declares Dividend Under FMP-Series 51- March 14, 2009

ING Mutual Fund has announced 19 March 2009 as the record date for declaration of dividend under ING Fixed Maturity Fund - Series 51 on face value of Rs 10 per unit. The fund will offer dividend for both retail and institutional plan.

The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 19 March 2009 as dividend. The NAV under retail plan and institutional plan was at Rs 10.5508 per unit as on 12 March 2009.

ING Fixed Maturity Fund - Series 51 is a close -ended scheme offering an investment plan of 183 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in debt securities so as to minimize the impact of price fluctuation of such securities and the value at maturity.

Reliance Liquid Fund Announces Dividend- March 14, 2009

Reliance Mutual Fund has proposed to offer dividend under quarterly dividend option of Reliance Liquid Fund-Treasury Plan. The record date is set as 19 March 2009.

The quantum of dividend will be 2.20% i.e. Rs 0.2200 per unit on face value of Rs 10 per unit. The NAV has been recorded at Rs 12.3508 as on 12 March 2009.

Reliance Liquid Fund is an open-ended liquid scheme, with an investment objective to generate optimal returns consistent with moderate levels of risk and high liquidity. Accordingly, investments shall predominantly be made in debt and money market securities.

JM Financial MF Declares Dividend- March 14, 2009

JM Financial Mutual Fund has declared dividend under dividend option of JM Arbitrage Advantage Fund. The record date for the dividend is 18 March 2009.

The Fund will offer dividend up to 2.00% i.e. Re 0.20 per unit. The NAV for the scheme was at Rs 10.2598 as on 12 March 2009.

JM Arbitrage Advantage Fund is an open ended equity oriented interval fund with an investment objective to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.

Deutsche MF Declares Dividend- March 13, 2009

Deutsche Mutual Fund has announced 17 March 2009 as the record date for dividend distribution under DWS Quarterly Interval Fund-Series 1.

The fund house has decided to distribute 100% distributable surplus as on the record date as dividend on the face value of Rs 10 per unit. The fund recorded NAV of Rs 10.1374 per unit as on 4 March 2009.

DWS Quarterly Interval Fund-Series 1 is a debt oriented interval fund with an objective to generate regular income by investing into debt and money market securities.

Franklin Templeton MF Declares Dividend- March 13, 2009

Franklin Templeton Mutual Fund has announced 18 March 2009 as the record date for dividend distribution under Templeton Quarterly Interval Plan-Plan B (TQIP-B).

The fund house has decided to distribute 100% distributable surplus since closure of the previous transaction window till record date as dividend on the face value of Rs 10 per unit.

Templeton Quarterly Interval Plan-Plan B is an interval income fund that seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities.

ICICI Prudential MF Declares Dividend- March 13, 2009

ICICI Prudential Mutual Fund has announced 17 March 2009 as the record date for dividend distribution under the dividend option of ICICI Prudential Fixed Maturity Plan-Series 46-Six Months Plan A (IPFMP-46-6A).

The fund house has decided to distribute 100% distributable surplus as on the record date as dividend on the face value of Rs 10 per unit. The fund recorded NAV of Rs 10.5189 per unit in the retail option and Rs 10.5304 per unit in the institutional option as on 4 March 2009.

ICICI Prudential Fixed Maturity Plan-Series 46-Six Months Plan A is a close ended debt fund with an objective to generate returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the scheme.

Sahara Short Term Bond Fund Floats On - March 12, 2009

Sahara Mutual Fund has launched Sahara Short Term Bond Fund. It is a debt-oriented fund. The new issue will be opened for subscription from 12 March to 8 April 2009. The NFO price for the fund is Rs 10 per unit.

The investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

The scheme will offer growth and dividend options for investors.

The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter.

The scheme will not levy entry load.

The scheme charges an exit load of 0.10% if redeemed between 0-15 days from the date of allotment of units. No exit load will be charged for redemption done after 15 days.

ICICI Prudential MF Declares Dividend For QIP - March 12, 2009

ICICI Prudential Mutual Fund has declared dividend under the dividend option of ICICI Prudential Interval Fund - Quarterly Interval Plan II. 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 16 March 2009.

The scheme recorded a NAV of Rs 10.1744 per unit and 10.2221 per unit under the retail and institutional option as on 6 March 2009.

ICICI Prudential Interval Fund - Quarterly Interval Plan II 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.

UTI MF Declares Dividend Under Short Term FMP - March 12, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan-Series II-IV (90 days). The record date for the declaration of dividend is 17 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 retail plan was at Rs. 10.1708 per unit and for institutional plan NAV was Rs 10.1764 per unit as on 9 March 2009.

UTI Short Term Fixed Maturity Plan-Series II-IV (90 days) is a close-ended income scheme with 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.

Kotak MF Unveils FMP 18M Series 1- March 10, 2009

Kotak Mutual Fund has launched Kotak Fixed Maturity Plan 18M Series 1 on 4 March 2009. The new issue will be open for the subscription till 12 March 2009. The New Fund Offer (NFO) price for the fund is Rs 10 per unit. It is a close-ended debt scheme. Duration of the scheme will be 18 months from the date of allotment

The investment objective plan is to generate regular returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

The scheme will offer growth and dividend options.

The minimum investment amount is Rs. 5,000 and in multiples of Re 1 thereafter.

The fund will not levy entry and exit load.

Religare MF Declares Dividend For Quarterly Interval Fund- March 10, 2009

Religare Mutual Fund has declared dividend under dividend options of Religare Quarterly Interval Fund-Plan D, debt oriented interval schemes. The record date of dividend distribution is 15 March 2009.

The quantum of dividend will be 100% of distributable surplus as on record date on face value of Rs 10.00 per unit. The NAV of the scheme was at Rs 10.1225 per unit as on 6 March 2009.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments.

UTI MF Declares Dividend Under Short Term FMP- March 10, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan-Series I-VIII (181 days). The record date for the declaration of dividend is 16 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 retail plan was at Rs. 10.5422 per unit and for institutional plan NAV was Rs 10.5423 per unit as on 6 March 2009.

UTI Short Term Fixed Maturity Plan-Series I-VIII is a close-ended income scheme with scheme tenure of 181 days. 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.

HSBC MF Declares Dividend Under Various Fixed Term Series- March 9, 2009

HSBC Mutual Fund has declared dividend under dividend option of HSBC Fixed Term Series 41, HSBC Fixed Term Series 46, HSBC Fixed Term Series 52, HSBC Fixed Term Series 54, HSBC Fixed Term Series 56, HSBC Fixed Term Series 59 and HSBC Fixed Term Series 61. The record date for the same will be 13 March 2009.

The fund house has decided to distribute 100% of surplus available as on record date. The dividend will be declared under both Regular and institutional options of each fund. Pursuant to the payment of dividend, the NAV of the scheme will fall to the extent of dividend distribution and statutory levy (if any).

HSBC Fixed Term Series is a close-ended income scheme, which seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of plan.

Reliance MF Declares Dividend For Monthly Interval Fund- March 9, 2009

Reliance Mutual Fund has declared dividend under dividend option of Reliance Interval Fund - Monthly Interval Fund -Series I. The record date for the dividend is 13 March 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 10.0299 per unit and that of institutional plan was at Rs 10.0310 per unit as on 05 March 2009.

Birla Sun Life MF Declares Dividend For Interval Fund- March 9, 2009

Birla Sun Life Mutual Fund has announced dividend in the dividend option of Birla Sun Life Quarterly Interval Fund-Series 3. The fund house has planned to offer 100% of distributable surplus as dividend on face value of Rs 10 per unit. The record date has fixed on 13 March 2009 .

The scheme recorded a NAV of Rs 10.1994 per unit as on 5 March 2009.

Birla Sun Life Quarterly Interval Fund-Series 3 is an interval income scheme with an investment objective to generate regular income through investments in debt and money market instruments.

The Fund does not charge an entry load while it charges 1% exit load for redemptions done other than specified transaction period. For redemption made on specified transaction period, exit load is nil.

Religare Arbitrage Fund Offers Dividend- March 7, 2009

Religare Mutual Fund has decided to offer dividend under dividend options of Religare Arbitrage Fund. The record date for the dividend is 12 March 2009.

The fund house has decided to offer Re 0.15 per unit i.e. 1.50% as dividend for face value per unit of Rs 10 per unit. Distribution of the dividend is subject to the availability to the availability of distributable surplus and may be lower to the extent of distributable surplus available on the record date. The NAV of the scheme was at Rs 10.3220 per unit as on 5 March 2009.

The investment objective is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments.

Birla Sun Life MF Declares Dividend For Interval Fund- March 7, 2009

Birla Sun Life Mutual Fund has announced dividend in the dividend option of Birla Sun Life Quarterly Interval Fund-Series 9. The fund house has planned to offer 100% of distributable surplus as dividend on face value of Rs 10 per unit. The record date has fixed on 11 March 2009 .

The scheme recorded a NAV of Rs 10.2102 per unit as on 5 March 2009.

Birla Sun Life Quarterly Interval Fund-Series 9 is an interval income scheme with an investment objective to generate regular income through investments in debt and money market instruments.

The Fund does not charge an entry load while it charges 1% exit load for redemptions done other than specified transaction period. For redemption made on specified transaction period, exit load is nil.

IDFC Super Saver Income Fund-Plan C Revises Exit Load- March 7, 2009

IDFC Mutual Fund has approved changes in the exit load of Plan C under IDFC Super Saver Income Fund-Investment Plan with effect from 10 March 2009.

According to the notice, the fund will charge 1.25% exit load in case of investors who purchase/switch in and seek to redeem/ switch out such units of amount less than or equal to Rs 1 crore within 1 year 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.

ICICI Prud Flexible Income Plan Changes In Dividend Payout Option- March 5, 2009

ICICI Prudential Mutual fund has announces change in dividend payout under the dividend option ICICI Prudential Flexible Income Plan (IP - FIP), with effect from 5 March 2009.

For investments made under the dividend payout sub-option, if the amount of dividend payout per folio is less than Rs 1 lakh then the dividend shall be mandatorily reinvested.

IP - FIP is an open ended income fund with the objective to generate income through investments in a range of debt instruments and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

Reliance Floating Rate Fund Changes In Asset Allocation- March 5, 2009

Reliance Mutual Fund has announced the change in the asset allocation pattern of the Reliance Floating Rate Fund. The change will be effective from 4 April 2009.

Accordingly, the scheme will invest upto 25%-100% in money market instruments and floating rate debt instruments (including floating rate securitised debt and fixed rate debt swapped for floating rate returns) and upto 75% in fixed rate debt instruments (including fixed rate securitised debt and floating rate debt swapped for fixed rate returns)

Presently, the schemes invests upto 40% in fixed rate debt securities (including fixed rate securitised debt, money market instrument and floating rate debt instruments swapped for fixed rate returns) and upto 60%-100% Floating rate debt securities (including floating rate securitised debt, money market instruments and fixed rate debt instruments swapped for floating rate returns).

Since the proposed change would result in change in the fundamental attributes of the scheme, all the existing unitholders fo the scheme shall have an option to exit the scheme by sending a valid redemption/ switch out request at the prevailing Net Asset value without any exit load for a period of 30 days from 4 March 2009 to 03 April 2009 (both days inclusive). Unitholder do not exercise the exit option by 3 April 2009 would be deemed to have consented to the proposed change.

Reliance Floating Rate Fund is an open ended liquid scheme with an objective to generate regular income through investment in a portfolio comprising substantially of Floating Rate Debt Securities (including fixed rate securitised debt, money market instrument and floating rate debt instruments swapped for fixed rate returns).

Mutual Funds Continue Selling- March 5, 2009

Mutual funds (MFs) sold shares worth a net Rs 104.30 crore on Tuesday, 3 March 2009, lower than Rs 270.60 crore on Monday, 2 March 2009.

MFs' net outflow of Rs 104.30 crore on 3 March 2009 was a result of gross purchases Rs 196.30 crore and gross sales Rs 300.60 crore. The BSE Sensex lost 179.79 points, or 2.09%, to 8,427.29 on that day.

Birla Sun Life MF Introduces Discipline Advantage Plan For Income And Income Plus Funds- March 4, 2009

Birla Sun Life Mutual Fund has introduces the Discipline Advantage Plan under Birla Sun Life Income Plus and Birla Sun Life Income Funds with effect from 4 March 2009.

Detail of the plan:

Plan: Discipline Advantage Plan

Features: Under the Discipline Advantage Plan, an investor may systematically transfer his investments from the schemes to any of the eligible equity schemes. The eligible schemes are Birla Sun Life Frontline Equity Fund, Birla Sun Life Midcap Fund, Birla Sun Life Top 100 Fund, Birla Sun Life Equity Fund, Birla Sun Life Infrastructure Fund and Birla Sun Life Tax Relief'96.

Minimum Application Amount: The sum of transfer amounts as per the frequency opted or Rs 10000 whichever is greater.

Frequency Transfer: Weekly Transfer, Fortnightly Transfer, Monthly Transfer or Quarterly Transfer.

Minimum Transfer Amount: Weekly Transfer - 5 transfers for Rs 1000 each,Fortnightly Transfer - 6 transfers for Rs 1000 each, Monthly Transfer - 6 transfer for Rs 1000 each and Quarterly Transfer- 4 transfers for Rs 2000 each.

Transfer Dates: For Weekly Transfer - transfers shall be on 1st, 7th, 14th, 21st and 28th of each month. For Fortnightly Transfer - 1st and 14th of each month. And for Monthly and Quarterly Transfer - transfer can be on 1st or 7th or 10th or 14th or 21st or 28th of every month/ quarters as applicable.

Load Structure: For Discipline Advantage Plan no entry load will be charge and exit load 2.50% will be charged for units redeemed/switched out to any scheme other than eligible equity schemes within 2 years from the date of allotment.

Exit load at time of transfer out will be nil and entry load at the time of Transfer IN the entry load will be payable as applicable to respective eligible equity scheme(s).

Exit load at time of redemption from equity scheme will be as applicable to respective eligible equity scheme(s).

The new plan introduced under the schemes will have the same investment objective, portfolio, liquidity and expense ratio as that of existing plans of the respective schemes.

Mirae Asset MF Declares Dividend Under Quarterly Interval Fund- March 4, 2009

Mirae Asset Mutual Fund has announced 09 March 2009 as the record date for declaration of dividend on the face value of Rs 10.00 per unit of Mirae Asset Interval Fund-Quarterly Plan-Series II- Regular option.

The quantum of dividend will be 90% distributable surplus as on the record date 9 March 2009. The NAV of regular option was at Rs 10.1356 as on 2 March 2009.

Mirae Asset Interval Fund - Quarterly Plan - Series II a debt oriented interval scheme. The investment objective of the scheme is to seek to generate returns with low volatility through a portfolio of debt and money market instruments with a provision to offer liquidity at periodic interval.

HDFC MF Declares Dividend In FMP 181D- March 4, 2009

HDFC Mutual Fund has announced dividend under the dividend option of retail and wholesale plan of HDFC FMP 181D August 2008 (1), a fixed maturity plan under HDFC Fixed Maturity Plans-Series VIII, a close-ended income scheme.

The fund house has decided to distribute 100% of distributable surplus as on the record date of 9 March 2009 on the face value of Rs 10 per unit as dividend.

The scheme recorded a NAV of Rs 10.5416 per unit under the retail plan and Rs 10.5479 per unit under wholesale plan as on 2 March 2009.

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

Quantum PEN Equity Fund Of Funds Waits Sebi's Approval- March 3, 2009

Quantum Mutual Fund has filed an offer document with Securities and Exchange Board of India (Sebi) to unveil new fund named as Quantum PEN Equity Fund of Funds, an open-ended equity fund of funds scheme. The face value of the new issue will be Rs 10 per unit.

The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of open-ended diversified equity schemes of mutual funds registered with Sebi.

The scheme offers two plans - growth plan & dividend plan. The dividend plan will in turn have two options, dividend payout option and dividend re-investment option The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

The scheme will not charge an entry load. The fund will charge 1.5% as redemption load if repurchase/ redemption is made within 1 year from the date of allotment. It will charge switch out load if switch out is made within 1 year from the date of allotment.

Quantum PEN Equity Fund of Funds will invest 90-100% in open ended diversified equity schemes of mutual funds registered with Sebi with high-risk profile. Investments in money market instruments will be up to 10% with low to medium risk profile. The Fund shall invest in a mix of diversified equity schemes, mid caps/ small caps/ large caps oriented schemes.

Under normal market conditions, the corpus of the assets of the scheme shall be predominantly invested in open-ended diversified equity schemes as per the asset allocation pattern above. However, depending on the market conditions, the AMC may invest beyond the range set out above. Such deviations shall normally be for a short-term purpose only, for defensive considerations and with the intention of protecting the interests of the unit holders.

The benchmark to evaluate the performance of the scheme shall be the BSE 200.

Quantum PEN Equity Fund of Funds would be managed by Arvind Chari. He also manages Quantum Liquid Fund and Quantum Gold Fund.

Fortis Flexi Debt Fund Changes Minimum Additional Application Amount- March 3, 2009

Fortis Mutual Fund has revised the minimum additional amount for application under regular plan and regular plan A of Fortis Flexi Debt Fund with effect from 2 March 2009.

Accordingly, the scheme proposed that the minimum additional application amount under Growth, Half-yearly dividend, Quarterly dividend, Weekly dividend and Daily dividend options will be Rs 1000 per application and in multiples of Re 1 thereafter.

Before revision, the minimum additional application amount under each Growth, Half-yearly dividend and Quarterly dividend option was Rs 1000 per application and in multiples of Re 1 thereafter. And under Weekly dividend and Daily dividend option it was Rs 1 lakh and Rs 10 lakh per application, respectively, and in multiples of Re 1 thereafter.

HSBC Gilt Fund-Short Term Plan Announces Various Changes- March 3, 2009

HSBC Mutual Fund has approved some changes in HSBC Gilt Fund - Short Term Plan. The name of the scheme, exit load structure and benchmark index of the HSBC Gilt Fund - Short Term Plan will be revised with effect from 12 March 2009.

Accordingly, the scheme will be renamed as HSBC Gilt Fund (HGF) from HSBC Gilt Fund - Short Term Plan.

The fund has proposed to charge an exit load of 0.5% (includes Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP)) if redeemed/switched out within 6 months from the date of investment. presently, it does not charge any exit load.

The benchmark of the scheme will be changed to I Sec Composite Index instead of I Sec Si-bex.

HSBC Gilt Fund -Short Term Plan is an open ended gilt scheme aims to generate reasonable returns through investments in Government Securities of various maturities.

Kotak MF Announces Modification In Load Structure - March 2, 2009

Kotak Mutual Fund has announced the changes in load structure of Kotak Flexi Debt with effect from March 2, 2009. Accordingly, the scheme will not charge entry load nor exit load. The new load structure will be applicable only on a prospective basis to units purchased on after the March 2, 2009. Kotak Flexi Debt is an open-ended debt scheme that aims to maximize the returns through an active management of a portfolio of debt as well as the money market securities.

HDFC Announced The Dividend - March 2, 2009

HDFC Mutual Fund has announced the dividend under the dividend plan of HDFC Capital Builder Fund. The record date for the same is March 5, 2009. The fund house has decided to distribute Rs 2.00 i.e. 20% as dividend on the record date on the face value of Rs 10 per unit. The scheme as on February 26, 2009 recorded a NAV of Rs 13.781 per unit. HDFC Capital Builder Fund is an open-ended growth scheme with an objective to generate capital appreciation in the long term.

UTI Mutual Fund Has Announced Dividend - March 2, 2009

UTI Mutual Fund has announced dividend of 8% or Rs 0.80 per unit on a face value of Rs 10 under dividend options of UTI SPrEAD Fund. The record date for the same is March 6, 2009.

The NAV under the dividend option as on 26 February 2009 was Rs 11.7462. UTI SPrEAD Fund was launched in June 2006 with an objective to provide capital appreciation and dividend distribution through arbitrage opportunities by investing in equity and equity related securities as well as derivatives and the balance portion in debt securities.