Sundaram MF declares dividend for Select Thematic Funds Rural India Fund

Sundaram Mutual Fund has approved Dec.24, 2010 as the record date for declaration of dividend under dividend option of Sundaram Select Thematic Funds Rural India Fund.

The face value of per unit is Rs 10.

The quantum of dividend will be 30% (Rs 3 per unit) as on the record date.

The primary investment objective of the scheme is to generate consistent long term returns by investing predominantly in equity / equity related instruments of companies that are focusing on rural India.

Source: http://www.myiris.com/newsCentre/storyShow.php?fileR=20101222155045707&dir=2010/12/22&secID=livenews

 

Sundaram Rural India Fund declares dividend

Sundaram Mutual Fund has declared a dividend of 30% (Rs 3 per unit on a face value of Rs 10) under the dividend option of Sundaram Rural India Fund . The record date for dividend has been fixed as December 24, 2010.

All investors registered under the dividend option of Sundaram Rural India Fund as on December 24, 2010 will receive the dividend. The NAV of the scheme as on December 20, 2010 was Rs 14.486 per unit.

Sundaram Rural India Fund is an open ended growth fund. The primary objective of the scheme is to generate consistent long term returns by investing predominantly in equity / equity related instruments of companies that are focusing on rural India.

Source: http://www.moneycontrol.com/news/mf-news/sundaram-rural-india-fund-declares-dividend-_506213.html

 

Mirae Opportunities Fund to pay Rs 1.50/unit

Mirae Asset India Opportunities fund on Monday declared a dividend of Rs 1.50 per unit (face value – Rs 10 per unit) under the dividend option – regular plan. The record date of the dividend is December 10, said the company in a press release.

The NAV of this dividend option of the fund was Rs 16.030 as on December 1. Pursuant to payment of dividend, the NAV of the scheme (dividend option) would fall to the extent of payout and statutory levy, if any.

This is the second dividend payout by Mirae Asset mutual fund in the last two years.

Mirae Asset India Opportunities fund is an open-ended equity oriented fund and has given 70 per cent returns compared with the benchmark index BSE 200′s return of 54 per cent.

Source: http://www.thehindubusinessline.com/2010/12/07/stories/2010120753041100.htm

 

Principal MF Declares Dividend For Its Emerging Bluechip Fund

Record date for dividend is 15 October 2010.

Principal Mutual Fund has approved the declaration of dividend on the face value of Rs. 10 per unit under dividend option of Principal Emerging Bluechip Fund. The record date for dividend distribution is 15 October 2010.

The quantum of dividend will be Rs. 1 per unit, subject to the availability of distributable surplus as on the record date. The NAV of the scheme was at Rs. 27.69 per unit as on 7 October 2010.

Principal Emerging Bluechip Fund (G) an open-ended equity scheme with an investment objective to achieve long-term capital appreciation by investing in equity & equity related instruments of mid cap & small companies.

Source: http://www.indiainfoline.com/Markets/News/Principal%20MF%20Declares%20Dividend%20For%20Its%20Emerging%20Bluechip%20Fund/3328003833

 

Equity schemes make a dividend splash in Sept

With Sensex soaring to 20,000 levels, equity fund managers have started booking profits and declaring dividends. Over 13 equity funds have declared dividends in September, with many more planning payouts during the forthcoming festive season.

Equity schemes of Birla Sun Life Mutual Fund (MF), DSP Blackrock MF, UTI MF, Canara Robeco MF and Fortis MF have recently declared dividends. Around 55 schemes, or 25 per cent of all the schemes, have declared dividends in the last three months. Markets as measured by the BSE Sensex are up 11.5 per cent in September. Said Amit Nigam, senior portfolio manager, equities at Fortis MF: “Declaring dividends is a regular process and rising equity markets isn’t the only reason.” He adds that dividends are a systematic way of distributing returns earned by the fund to investors.

Equity funds have declared 7-22 per cent dividends in September. Interestingly, the dividend payout has not been higher this time. Fortis Dividend Yield declared 15 per cent, which amounted to a payout ratio of 11.5 per cent. In the past, payout have been above 20 per cent levels. Templeton India Equity Income (4.2 per cent), DSPBR Top 100 (5.7) and Birla Sun Life Buy India (6.7 per cent) were among the funds to make lower dividend payouts. Payout ratio is calculated by dividing dividend declared by the net asset value (NAV) as on on the record date.

Fund managers are finding their hands tied with the latest rules barring them from paying dividends from unit premium reserve. MFs can pay dividends only out of their realised gains now. “Recent regulatory changes on dividends are prompting fund managers to book profits regularly in rising equity markets to distribute dividends,” said Dhirendra Kumar, CEO of Value Research. Any correction, after all, could spoil their chances otherwise. Kumar expects more equity funds to declare dividends in the coming months.

The sales head from a leading fund house said: “Dividends are also a way of targetting new investors.” Even though post dividend declaration, fund NAV falls to the extent of dividend declared, MF investors often tend to get lured by it, by associating higher dividends with better performance. -FE

Source: http://www.indianexpress.com/news/equity-schemes-make-a-dividend-splash-in-sept/687567/0

 

Tata Equity Management Fund declares dividend

Tata Mutual Fund has declared a dividend of 10% (Rs 1 per unit on face value of Rs 10) in Tata Equity Management Fund. The record date for dividend is September 24, 2010.

All investors registered under the dividend option of the scheme as on September 24, 2010 will receive this dividend. The NAV under the dividend plan of the scheme as on September 17, 2010 was Rs 14.456.

Tata Equity Management Fund is an open ended equity fund. The primary objective of the scheme seek to generate capital appreciation & provide long term growth opportunities by investing in a portfolio constituted of equity & equity related instruments and the secondary objective is to generate consistent returns by investing in debt & money market securities.

Source: http://www.moneycontrol.com/news/mf-news/tata-equity-management-fund-declares-dividend_485610.html

 

Religare Mid Cap Fund declares maiden dividend

Religare Mutual Fund has declared a maiden dividend of 27% (Rs 2.70 per unit on face value of Rs 10) in Religare Mid Cap Fund. The record date for dividend is September 24, 2010.

All investors registered under the dividend option of the scheme as on September 24, 2010 will receive this dividend. The NAV under the dividend plan of the scheme as on September 17, 2010 was Rs 15.71.

Religare Mid Cap Fund is an open ended equity scheme. The investment objective is to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid cap companies.

Source: http://www.moneycontrol.com/news/mf-news/religare-mid-cap-fund-declares-maiden-dividend_485598.html

 

DSP BlackRock Top 100 Equity Fund announced dividend of Rs 1.25

The Trustees of DSP BlackRock Mutual Fund have declared a tax-free dividend of Rs 1.25 per unit in DSP BlackRock Top 100 Equity Fund- Regular Plan (Dividend Option). An Open Ended growth Scheme, seeking to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates, by market capitalisation, listed in India.

The Face Value per Unit is Rs. 10/- per Unit. Sep 03, 2010 has been fixed as the record date for dividend. The NAV of the scheme was Rs 21.796 as on Aug 27, 2010.

The dividend shall be payable only to those Unit Holders whose names appear in the register of Unit Holders of the Regular Plan of DSP BlackRock Top 100 Equity Fund (Dividend Option) as on Sep 03, 2010. Applications for subscription, redemption, switch-ins and switch-outs for the scheme will be accepted on Sep 03, 2010, subject to them being complete in all respects and received prior to 3.00 p.m.

Distribution of the above Dividend is subject to the availability and adequacy of distributable surplus. Pursuant to payment of Dividend, the NAV of the Regular Plan of the Scheme (Dividend Option) will fall to the extent of payout and statutory levy, if any.

Source: http://www.equitybulls.com/admin/news2006/news_det.asp?id=79989

 

Tata P/E Fund declares 10% dividend

Tata Equity P/E Fund — Dividend Trigger Option A (5 per cent) has declared a fourth dividend in the last four quarters.

The scheme has declared a dividend of Re 1 on the face value of Rs10 /unit). The record date is September 3. NAV of the fund as on August 26 was Rs 41.3720 /unit. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of the payout and statutory levy (if applicable).

Tata Equity P/E Fund had introduced the “5 per cent Dividend Trigger Option” on October 1, 2009.

Under Dividend Trigger A, the Fund initiates the declaration of dividend when there is an appreciation in NAV by 5 per cent from the base NAV (Last ex-dividend NAV) in a calendar quarter.

Source: http://www.thehindubusinessline.com/2010/09/01/stories/2010090151611100.htm

 

SBI Magnum Sector Funds Umbrella – Contra Fund declares 40% dividend

SBI Mutual Fund Trustee Company Private Limited, the Trustee to SBI Mutual Fund have approved 40% dividend in the Dividend option of Magnum Sector Funds Umbrella – Contra Fund, an open-ended equity scheme.

The record date for the dividend is May 11, 2007 and any purchases on or before this date will be eligible for the dividend. Pursuant to the payment of dividend, the NAV of the scheme / option would fall to the extent of payout and statutory levy, if applicable. Dividend distribution is subject to the availability of distributable surplus and statutory levy (if any). All Magnum / Unit Holders of the scheme, whose names appear in the records of the Registrar of SBI Mutual Fund on the aforesaid record date, will be entitled to receive the dividend.

Disclaimer: All investments in Mutual Funds and securities are subject to market risks and the NAV of funds may go up or down depending on the factors and forces affecting the securities markets. Please read the Offer Document carefully before investing.

Source: http://www.equitybulls.com/admin/news2006/news_det.asp?id=12431