The Hindu Business Line : Canbank Mutual to merge Canganga and Cantriple

Canbank Mutual plans to merge Canganga and Cantriple with Canpremium. The consolidated fund will be re-named Canbalanced, and will have an asset base of about Rs 75 crore. The fund had recently merged Canglobal and Canbonus with Canequity Diversified.

Canbank Mutual has launched CanEmerging Equities Fund, which will invest in small- and mid-cap stocks that have the potential to emerge as bluechips. The initial offer period closes on February 23. The minimum investment is Rs 5,000. Growth, Dividend and Bonus options are on offer.

Sundaram Mutual has declared a dividend of 20 per cent for Sundaram Select Mid Cap Fund. Investors as on February 18 are eligible for the dividend.

Principal Mutual has launched Principal Focussed Advantage Fund, which will invest in not more than six sectors at a time. Allocation to each sector will be capped at 25 per cent of assets. The initial offering period will close on February 22.

Tata Mutual has launched Tata Services Industry Fund, which will invest in stocks of companies in sectors such as banking, hotels, healthcare, tourism, communication and entertainment. The minimum amount is Rs 5,000. The initial offering period closes on March 10. It offers Dividend and Growth options.

Reliance Mutual has launched a diversified fund, Reliance Equity Opportunities Fund. The initial offering period closes on March 7. The minimum investment is Rs 5,000. It offers Dividend and Growth options and would be benchmarked to the BSE-100.

The distribution rate of the third instalment for investors in MIP' 95 (a fund of the erstwhile Unit Trust of India) would be Rs 1.06 per unit for the Monthly Income Option and Rs 2.60 per unit for the Cumulative Option.

The Administrator of the Specified Undertaking of UTI has proposed to extend the period to recover assets in this fund till December 31.

BL Research Bureau

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
United Breweries: Accept

Large-cap stocks, big safety

Software: Cautious exuberance ahead

Taxing changes on the cards

Agenda for SEBI's new CEO

Kotak Global India: Hold

Magnum Contra Fund: Invest in small lots

Too risky to rely on equity funds alone

Canbank Mutual to merge Canganga and Cantriple