The Hindu Business Line : Update

Franklin Templeton Mutual Fund has announced a 60 per cent (Rs 6 per unit) dividend under the dividend option of Franklin India Bluechip Fund. The record date is February 7.

BOB Mutual Fund has announced a dividend in BOB ELSS' 96, Rs 6 per unit on a face value of Rs 10.The record date for the dividend payout is February 6.

HDFC Mutual Fund has declared dividends under the dividend plans of HDFC Capital Builder Fund and HDFC Top 200.The dividend will be 30 per cent (Rs 3 per unit) and 50 per cent (Rs 5 per unit) for respective schemes. The record date for the both is February 7.

India's first Gold Exchange Traded Fund (Gold ETF) will be open for subscription on February 15. Benchmark Mutual Fund is the first AMC to launch open-ended gold fund called GoldBeES. The new fund offer (NFO) will close for subscription on February 23. The minimum subscription amount for the scheme is Rs 10,000 and in multiples of Rs 1,000 thereafter. Units will be allotted within 30 days from the date of NFO closure.

Kotak Mutual Fund has announced the change in load structure for the following schemes with effect from February 7. The schemes are Kotak 30, Kotak Tech, Kotak MNC, Kotak Balance, Kotak Global India, Kotak Midcap, Kotak Contra, Kotak Tax Saver, Kotak Lifestyle and Kotak Equity FOF. Revised load structure for the above scheme in SIP/ STP for purchases up to Rs 5 crore is 2.25 per cent; there is no load for investments above Rs 5 crore.

The fund will not charge any load in case of switches from Equity/Balanced/Equity FOF scheme to Equity/Balanced/ Equity FOF scheme. From any other scheme to Equity/ Balanced/ Equity of FOF scheme an entry load of 2.25 per cent is applicable. The exit load for redemption or switch-outs to any scheme is 1 per cent for exit within six months.