Key personnel changes
HSBC Mutual Fund has appointed Kapil Punjabi as Vice President and Fund Manager-Fixed Income of HSBC Asset Management (India) Private Limited. Accordingly, HSBC Cash Fund will be jointly managed by Ruchir Parekh and Kapil Punjabi from March 14, 2014.
Edelweiss Mutual Fund has appointed Rahul Aggarwal as the fund manager of the following fixed income schemes from March 11, 2014: Edelweiss Liquid Fund, Edelweiss Ultra Short Term Bond Fund, Edelweiss Short Term Income Fund, Edelweiss Gilt Fund and Edelweiss Monthly Income Plan.
ICICI Prudential Mutual Fund changed the fund manager for ICICI Prudential US Bluechip Equity Fund- US portion, ICICI Prudential Global Stable Equity Fund- Equity Portion and ICICI Prudential Indo Asia Equity Fund- Asia portion. Ashwin Jain has been appointed as the new fund manager of these schemes from March 7, 2014.
Changes in schemes and options
Sundaram Mutual Fund has informed that it will merge the dividend portfolio of Sundaram Capex Opportunities with Growth portfolio and then convert the resultant portfolio into a new thematic scheme named Sundaram Infrastructure Advantage Fund from April 7, 2014. Due to change in the fundamental attributes, investors who are not in agreement with the proposed changes may redeem their units or switch to other schemes of Sundaram Mutual Fund without paying any exit load between Mar 6 and Apr 4, 2014 (both inclusive).
Sundaram Mutual Fund has informed that Sundaram Energy Opportunities Fund will be merged with Sundaram Infrastructure Advantage Fund (currently Sundaram Select Thematic Funds - Capex Opportunities) from April 15, 2014. Due to this fundamental change, existing investors in the former scheme can exit without paying any exit load from March 13 to April 11, 2014 (both inclusive).
Reliance Mutual Fund will introduce monthly dividend payout option and monthly dividend reinvestment option under direct plan of Reliance Arbitrage Advantage Fund from March 25, 2014.
ICICI Prudential Mutual Fund informed that if the amount under dividend payout option of ICICI Prudential Tax Plan is less than Rs 100, it would not be compulsorily reinvested in the same option of the scheme.
Franklin Templeton Mutual Fund will change the name of Templeton Floating Rate Income Fund to Franklin India Savings Plus Fund from March 18, 2014.
Change in exit load and dividends and bonus units declared
Edelweiss Mutual Fund has begun charging an exit load of 1% under Edelweiss Ultra Short Term Bond Fund March 11, 2014 if units are redeemed/switched out within 12 months from the date of allotment.
HDFC Mutual Fund declared dividend under the dividend option of HDFC Taxsaver. The quantum of dividend is Rs 6 per unit with the record date set as March 13, 2014.
Reliance Mutual Fund declared dividend under Reliance Equity Opportunities Fund and Reliance Growth Fund with the record date set as March 14, 2014. The quantum of dividend per unit under each plan is as follows: Reliance Equity Opportunities Fund - Dividend and Direct Plan - Dividend Plan: Rs 2.00 under each plan; Institutional Plan-Dividend Plan: Rs 3.00. Reliance Growth Fund - Dividend and Direct Plan - Dividend Plan: Rs 4.00 under each plan; Institutional Plan - Dividend Plan: Rs 35.
ICICI Prudential Mutual Fund declared dividend under the dividend option of ICICI Prudential Discovery Fund - Regular Plan. The quantum of dividend is Rs 2.14 per unit with the record date set as March 14, 2014.
DSP BlackRock Mutual Fund declared dividend under the regular plan - dividend option of DSP BlackRock Balanced Fund, DSP BlackRock India T.I.G.E.R. Fund and DSP BlackRock Technology.com Fund with the record date set as March 14, 2014. The quantum of dividend per unit is Rs 2.20, Rs 1.30 and Rs 3.00 respectively.
Axis Mutual Fund declared dividend under the dividend option of Axis Equity Fund. The quantum of dividend is Rs 1 per unit with the record date set as March 17, 2014.
Baroda Pioneer Mutual Fund declared dividend under the dividend option of Baroda Pioneer ELSS'96 Fund. The quantum of dividend is Rs 2.00 per unit with the record date set as March 14, 2014.
Franklin Templeton Mutual Fund declared dividend under the regular dividend plan and direct dividend plan of Templeton India Equity Income Fund. The quantum of dividend is Rs 0.70 per unit with the record date set as March 14, 2014.
Deutsche Investment Opportunity Fund has declared dividend at Rs 5.5 per unit with the record date set as March 18, 2014.
IDFC Mutual Fund has declared dividend under the dividend option of IDFC Equity Reg-D and IDFC Equity B-D. The quantum of dividend is Rs 1.1 per unit with the record date set as March 18, 2014.
Mirae Asset Mutual Fund has declared dividend under the dividend option of Mirae Asset Emerging Bluechip Fund - Regular. The quantum of dividend is Rs 1.2 per unit with the record date set as March 18, 2014.
L&T Mutual Fund has declared a bonus of 2 units for every 3 units in L&T Cash Fund. The record date is set as March 18, 2014.
