Religare MF to be now known as Religare Invesco MF
Religare Mutual Fund has changed its name to Religare Invesco Mutual Fund from May 14, 2013. This change comes after the September 2012 Religare-Invesco deal, wherein Religare AMC sold 49% stake to US-based Invesco. Also, Religare Asset Management Company Pvt Ltd has been named Religare Invesco Asset Management Company Pvt Ltd from April 2, 2013. Consequently, the term 'Religare' will be replaced by 'Religare Invesco' in all scheme names as well.
HDFC MF launches new plan
HDFC MF has launched the NFO of Plan C under HDFC Annual Interval Fund- Series I. The NFO period is form May 17 till May 21, 2013.
Change in exit load and dividends/bonus declared
IDFC Mutual Fund has begun charging an exit load of 0.50% under IDFC Super Saver Income Fund - Medium Term Plan from May 13, 2013, if units are redeemed or switched out within 6 months from thee date of allotment.
SBI Mutual Fund has declared Rs 8.00 per unit dividend under the regular plan of SBI FMCG Fund with the record date set as May 17, 2013.
ICICI Prudential Mutual Fund has declared Re 1.50 per unit dividend each under the dividend option of regular plans of ICICI Prudential Target Return Fund and ICICI Prudential Services Industries Fund with the record date set as May 17, 2013.
JP Morgan Mutual Fund declared bonus units under the Bonus option of JP Morgan India Treasury Fund- Super Institutional Plan and Direct Plan. Investors will receive 1 unit for every 2 units held with the record date set as May 22, 2013.