ICICI MF Declares Dividend Under Interval Plan

ICICI Mutual Fund has announced 17 March 2008 as the record date for declaration of dividend under dividend option of ICICI Prudential Interval Fund – Quarterly Interval Plan II.

The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 10.1958 as on 10 March 2008.

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

JM Financial MF Collects Rs.210 Crore Through Its Interval Plan

JM Financial Mutual Fund has collected Rs 210 crore through its JM Interval Fund Quarterly Plan 6 during its initial offer period from 31 January 2008 to 28 February 2008.

The JM Interval Fund-Quarterly Plan 6, which is close-ended debt oriented interval schemes. The objective of the scheme is to seek to generate regular returns through investment into money market securities / debt securities normally maturing in line with the time profile of the plan.

The JM Interval Fund-Quarterly Plan 6 will offer two plans - regular plan and institutional plan. This plan will have dividend and growth option. Under the dividend option, an investor may choose for payout or reinvestment of the dividend amount.

The fund will invest 0%-90% in government securities and other fixed income/debt securities, which includes corporate bonds and securitised debt. The investment in securitised debt may go up to 70% of the portfolio. The fund will invest 10%-100% in money market instruments.

The scheme will open for fresh purchases and redemption quarterly.

ICICI MF Declares Dividend Under Interval Plan

ICICI Mutual Fund has announced 5 March 2008 as the record date for declaration of dividend under dividend option of ICICI Prudential Interval Fund II – Quarterly Interval Plan D.

The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 10.20 as on 27 February 2008.

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

ABN Amro Adds Dividend Option For Its Interval Plan

ABN Amro Mutual Fund has announced that investors of ABN Amro Interval Fund-Monthly Plan A may get an additional dividend option viz. calendar monthly dividend option with effect from forthcoming interval period.

ABN Amro Interval Fund-Monthly Plan A seeks an investment objective to generate steady returns through investments made in a basket of fixed income securities, with a provision to offer liquidity at periodic interval.