Birla SL MF has announced April 13 as the record date for declaration of dividend under the regular plan-normal dividend option of Birla Sun Life fixed term plan - series LD (730 days).
UTI MF has launched a new fund named as UTI fixed term income fund - series XXIV -XI (1098 days), a close ended income scheme. The duration of the scheme is 1098 days. (FC)
Religare Invesco MF has announced April 12 as the record date for declaration of dividend under the dividend option and direct plan-dividend option of Religare Invesco arbitrage fund. (FC)
Kotak MF has announced April 12 as the record date for declaration of dividend on the face value of Rs. 10 per unit under the regular plan-dividend option of Kotak equity savings fund. (FC)
Reliance MF has announced April 11 as the record date for declaration of dividend under dividend payout option of Reliance dual advantage fixed tenure fund III-plan A. (FC)
Parag Parikh Financial Advisory Services Mutual Fund is looking to double its systematic investment plan (SIP) folios over the next two years and will shortly kick off an SIP awareness campaign. (FC)
Investors remained bearish on gold exchange-traded funds (ETFs) as they pulled out Rs. 903 crore from this instrument last financial year, making it the third consecutive financial year of outflow. (FC)
Investors pulled out over Rs 73,000 crore from various mutual fund schemes in March, primarily due to high redemptions in Liquid Funds. (ET)
The capital markets regulator has rejected a mutual fund industry proposal to allow them to isolate risky assets from the rest of their holdings and cap redemption, saying that it will encourage fund managers to take unnecessary risks, three people directly familiar with the developments said. (livemint)
ICICI Prudential Asset Management Company, India’s largest AMC launches a first of its kind completely paperless biometric Know Your Customer (KYC) across its major centres.