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Fund Watch
UTI Petro Fund announces 20 per cent dividend
UTI Petro Fund has declared a dividend of 20 per cent or Rs.2.00 per unit. The record date for the dividend is October 20.
PruICICI Mutual Fund has declared dividend of Rs 0.1 per unit on its Income Plan (quarterly option) and Rs 0.06 per unit on its Monthly Income Plan. The record date for dividend payout was September 28.
SBI Mutual Fund has declared 0.5 percent under Magnum Monthly Income Plan (Monthly Dividend) for the period ending September 2004. Record date for the payout was September 24.
SBI Mutual Fund has announced a dividend of 0.374 per cent for investors of Magnum Income Fund Floating Rate Plan Short Term Plan, for the period ending September 30.Record date for the payout has been fixed as September 28.
Chola Mutual Fund has announced a dividend of 0.61 per cent under the monthly dividend option and 1.85 per cent under the quarterly dividend option. The record date for the payout is September 27.
Birla Dividend Yield Plus has announced a dividend of 8 percent. The record date for payout was September 28.
ING Vysya Mutual Fund has launched a product called Valuepac, a systematic transfer plan. Investors can park their money in ING Vysya Liquid Plan and earn market returns.
The money gets transferred from the liquid fund to ING Vysya Domestic Opportunities Fund in 12 instalments. Investors can choose to invest Rs 12,000, Rs 24,000 or Rs 48,000 or sums of their choice.
ING Vysya Mutual Fund has launched ING Vysya Floating Rate Fund. The fund offers dividend, growth and bonus options. The minimum application amount is Rs 2,000. The offer closes on October 7.
IL&FS Investsmart is to launch iPreserve, a Portfolio Management Scheme dedicated to investing in mutual funds. The minimum investment is Rs 5 lakh and the facility will be offered free of cost to all investors.
BL Research Bureau
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