Changes in scheme structure
ICICI Prudential Mutual Fund decided to re-open ICICI Prudential Banking & PSU Debt Fund for fresh subscription/additional purchases/switch-ins from March 21, 2012 till further notice. It also revised the exit load structure under the scheme. From March 23, 2012, the MF has begun charging an exit load of 0.25% if units are redeemed or switched out within 30 days from the date of allotment.
Sahara Mutual Fund will revise the asset allocation structure of Sahara Gilt Fund from April 20, 2012. From then, the scheme would invest upto 100% either in Central as well as state government securities (T-bills) or in CBLO/Call Market/Reverse Repo. Presently, the scheme invests upto 100% in Central as well as state government securities (T-bills). Investors who are not in agreement with this change can exit the scheme without paying any exit load from March 20 to April 19, 2012.
IDFC Mutual Fund introduced periodic dividend option under IDFC Super Saver Income Medium Term Plan B from March 19, 2012.
Changes in exit load
SBI Mutual Fund has begun charging an exit load of 0.25% under SBI Short Horizon Debt Short-term Fund from March 22, 2012 if units are redeemed within 1 month from the date of allotment. It has changed the period of holding to 1 month from 3 months earlier while keeping the exit load quantum the same.
Canara Robeco Mutual Fund has begun charging an exit load of 0.50% under Canara Robeco Short Term Fund under its Retail and Institutional Plan from March 22, 2012, if units are redeemed or switched out within 6 months from the date of allotment.
Tata Mutual Fund declared dividend under the dividend option of Tata Equity Opportunities Fund. The quantum of dividend will be Re 1 per unit with the record date set as March 23, 2012.
BNP Paribas Mutual Fund will charge an exit load of 1% under BNP Paribas Bond Fund from April 1, 2012 if units are redeemed/switched-out within 1 year from the date of allotment/switch-in.
Kotak Mutual Fund will charge an exit load of 0.50% under Kotak Bond Short-term from April 1, 2012, if units are redeemed/switched out within 180 days from the date of allotment.
Pramerica Mutual Fund has begun charging an exit load of 0.50% under Pramerica Short-term Income, from March 19, 2012, if units are redeemed on or before 180 days from the date of allotment. Earlier it used to charge the same exit load but if units were redeemed on or before 90 days from allotment.
Dividends declared
SBI Mutual Fund declared dividend under SBI Magnum Tax Gain Scheme-1993. The quantum of dividend will be Rs 3.50 per unit with the record date set as March 22, 2012.
HDFC Mutual Fund declared dividend under the dividend option of HDFC Equity Fund and HDFC Long-Term Equity Fund. The quantum of dividend will be Rs 4 and Rs1 per unit respectively with the record date set as March 23, 2012.
Reliance Mutual Fund declared dividend under the dividend option of Reliance Regular Savings Equity and retail as well as institutional dividend plan of Reliance Growth and Reliance Vision. The quantum of dividend will be Rs 1.50 per unit for Reliance Regular Savings Equity and Reliance Vision (both plans); while it will be Rs 2 per unit for Reliance Growth (both plans) with the record date set as March 23, 2012.
Birla Sun Life Mutual Fund declared dividend under the dividend option of Birla Sun Life Tax Relief '96. The quantum of dividend will be Rs 1.5 per unit with the record date set as March 23, 2012.
UTI Mutual Fund declared dividend under the dividend option of UTI Unit Scheme for Charitable & Religious Trusts and Registered Societies (UTI - CRTS). The quantum of dividend will be Rs 3.50 per unit with the record date set as March 22, 2012.
IDFC Mutual Fund declared dividend under IDFC Premier Equity Fund-Plan A and Plan B. The quantum of dividend will be Rs 2.42 and Rs 2 per unit respectively with the record date set as March 23, 2012.
Franklin Templeton Mutual Fund declared dividend under Franklin India Flexi Cap Fund. The quantum of dividend for distribution will be Rs 2 per unit with the record date set as March 23, 2012.
DSP BlackRock Mutual Fund declared dividend under the dividend option of DSP BlackRock Small & Mid Cap and DSP BlackRock Natural Resources & New Energy Fund. The quantum of dividend will be Re 1 and Rs 0.50 per unit respectively with the record date set as March 23, 2012.
Fidelity Mutual Fund declared dividend under Fidelity Wealth Builder Fund-Plan A, B and C and Fidelity Flexi Gilt Fund. The quantum of dividend will be Rs 0.15 per unit each for Plan A and B and Rs 0.25 per unit for Plan C. Further the dividend for Fidelity Flexi Gilt Fund will be Rs 0.20 per unit with the record date set as March 26, 2012.
Baroda Pioneer Mutual Fund declared dividend under the quarterly dividend option of Baroda Pioneer PSU Bond and Baroda Pioneer MIP Fund. The quantum of dividend will be Rs 0.1788 and Rs 0.20 per unit respectively with the record date set as March 27, 2012.
JM Financial Mutual Fund declared dividend under JM Arbitrage Advantage Fund. The quantum of dividend will be Rs 0.20 per unit with the record date set as March 21, 2012.
BNP Paribas Mutual Fund declared dividend under BNP Paribas Equity Fund. The quantum of dividend will be Re 1 per unit with the record date set as March 21, 2012.
Edelweiss Mutual Fund declared dividend under Edelweiss ELSS Fund. The quantum of dividend will be Re 1 per unit with the record date set as March 22, 2012.
Mirae Asset Mutual Fund declared dividend under Regular Plan- dividend option of Mirae Asset India Opportunities Fund. The quantum of dividend will be Rs 1.50 per unit with the record date set as March 22, 2012.
Daiwa Mutual Fund declared dividend under Daiwa Government Securities Fund - Short Term Plan. The quantum of dividend will be Rs 19.82 per unit with the record date set as March 21, 2012.