The Hindu Business Line : Dividend galore from funds

Sundaram Mutual has declared a dividend of 20 per cent each for Sundaram Select Focus and Sundaram Growth Fund. The record dates are March 4 and March 11 respectively.

Canbank Mutual Fund has declared a dividend of 20 per cent for Canequity Tax Saver. The record date for the dividend is March 18.

UTI Mutual has declared a dividend of 18 per cent for UTI Balanced Fund (known earlier as UTI US-95 Fund). Investors who have opted for the Income Option are eligible to receive the dividend. The record date for the dividend is March 17.

Chola Mutual Fund has announced a dividend of 0.61 per cent for individual investors and HUFs and 0.57 per cent for other investors in the Monthly Income Plan. The payment is for investors in the Monthly Income Option and is for February.

HDFC Mutual has launched a new growth fund - HDFC Premier Multi-Cap - that will invest in mid-cap and large-cap stocks.

The IPO opened on February 28 and closes on March 21. The minimum investment amount is Rs 5,000.

HDFC Mutual has fixed March 8, March 15 and March 19 as the record dates for dividend in HDFC Top 200, HDFC Prudence and HDFC Equity respectively.

SBI Mutual Fund has launched a mid-cap fund. The initial public offering would be between February 21 and March 17. The fund will invest in stocks with a market capitalisation of between Rs 200 crore and Rs 2000 crore.

SEBI has stipulated that investments in securitised debt by mutual funds will have to be bought from different originators and not from different special purpose vehicles of the same originator.

A cap of 15 per cent has been fixed for each originator. Earlier, funds used to buy securitised debt that was more than 15 per cent of assets under management from one originator.

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