Today Mutual Fund News : 22.08.2016
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0.05% Div announced by IDFC Mutual Fund
22/08/2016 10:42
IDFC Mutual Fund has announced 0.05 per cent dividend under dividend payout option of scheme named as “IDFC Ultra Short Term Fund” on the face value of Rs 10 per unit. The record date for the dividend was August 15. The latest NAV of the scheme is Rs 10.04. The investment objective of the open ended debt short term scheme is to offer an investment avenue for short term savings by looking to generate stable returns with low risk strategy by investing in good quality debt and money market instruments such that the fund will offer a blend of liquidity with stability of returns. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Anurag Mittal is the fund manager of the scheme.
0.02% Div announced by Birla Sun Life Mutual Fund
22/08/2016 10:42
Birla Sun Life Mutual Fund has announced 0.02 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Cash Plus - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend was August 16.The latest NAV of the scheme is Rs 163.69. The investment objective of the open ended liquid fund scheme is to provide reasonable returns at a high level of safety and liquidity through judicious investments in high quality debt and money market instruments. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Kaustubh Gupta is the fund manager of the scheme.
0.01% Dividend declared by Tata Mutual Fund
22/08/2016 10:41
Tata Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund - Regular Plan” on the face value of Rs 1000 per unit. The record date for the dividend was August 16. The latest NAV of the scheme is Rs 1001.52. The investment objective of the open ended liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.
L&T Mutual Fund declares 0.01% Dividend
22/08/2016 10:40
L&T Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “L&T Liquid Fund - Daily Div Reinvestment Plan” on the face value of Rs 1000 per unit. The record date for the dividend was August 16. The latest NAV of the scheme is Rs 1011.78. The investment objective of the open ended liquid fund scheme is to generate reasonable returns while maintaining safety and providing the investor superior liquidity by investing in a well-diversified and highly liquid portfolio of money market instruments, government securities and corporate debt. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Shriram Ramanathan is the fund manager of the scheme.
ICICI Prudential Mutual Fund announces 0.01 % Dividend
22/08/2016 10:40
ICICI Prudential Mutual Fund has announced 0.01 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Money Market Fund - Retail Plan” on the face value of Rs 100 per unit. The record date for the dividend was August 16. The latest NAV of the scheme is Rs 100.11. The investment objective of the open ended liquid fund scheme is to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made in money market securities. The performance of the scheme was benchmarked against Crisil Liquid Fund Index. Aditya Pagaria is the fund manager of the scheme.
Mutual Fund folio count rises to record 4.92 cr in July
22/08/2016 00:05
Showing a growing traction for mutual funds among investors, the number of folios has grown by nearly 16 lakh in the first four months of the ongoing fiscal to a record 4.92 crore, primarily on account of participation from retail investors, said the PTI report. This follows an addition of 59 lakh folios or investors' accounts in the preceding financial year (2015-16) and 22 lakh in 2014-15. Folios are numbers designated for individual investor accounts though one investor can have multiple accounts. According to the Securities and Exchange Board of India (Sebi) data on investor accounts with 42 fund houses, the number of folios jumped to 4,92,37,194 at the end of July from 4,76,63,024 at the end of last fiscal, a gain of 15.74 lakh. Growing participation from retail investors and huge inflows in equity schemes have helped in increasing the folio counts, experts said as per the media report. "The growth is seen mostly in debt and liquid folios while equity folios has grown by two per cent. The debt segment has done well in recent past and is further expected to do well in the future too," Quantum MF Head (Customer Delight) Harshad Chetanwala said. The equity folios climbed by 8 lakh to 3.68 crore, while investor accounts for debt-oriented schemes surged by 5.8 lakh to 8.9 crore, during the period under review. Mutual Funds have reported net inflows of over Rs 1.92 lakh crore in schemes in the first four months (April-July period) of the current fiscal. The inflow is in line with BSE's benchmark Sensex surging 3.7 per cent during the period under review. The latest inflow has pushed the assets under management (AUM) of equity mutual fund to a record high of Rs 15.2 lakh crore at the end of July from Rs 13.81 lakh crore in June-end. Mutual Funds are investment vehicles made up of a pool of funds collected from a large number of investors. The funds are invested in stocks, bonds and money market instruments, among others.
