Category Archives: Mutual Fund

Mutual Fund Dividend from October 1st 2010 to October 22nd 2010

Mutual Fund that was declared during the month of October 2010 , see if you have any of your mutual funds declared.

Scheme Date Div (Rs/unit)
Birla Sun Life Equity Fund (D)  15/10/10 5
Birla Sun Life Top 100 (D)  15/10/10 1
Franklin India Oppor. (D)  22/10/10 1
Franklin Infotech Fund (D)  22/10/10 2
IDBI Nifty Index Fund (D) 15/10/10 0.4
Kotak Select Focus Fund (D)  15/10/10 1.25
Principal Emerging Bluechip(D) 18/10/10 1
Religare Business Leaders (D)  22/10/10 1.2
Sahara Wealth Plus – FPO (D) 6/10/2010 4
Sahara Wealth Plus – VPO (D) 6/10/2010 4
SBI Magnum Multiplier Plus (D)  1/10/2010 7
Tata Equity P/E Fund (TO-A 5%) (D)  11/10/2010 1.75
Tata Equity P/E Fund (TO-B 10%) (D)  11/10/2010 3.5
Tata Select Equity Fund (D)  22/10/10 5
UTI Transport & Logistics (D)  6/10/2010 2

Mutual Fund Dividend for the month of August 2010

Mutual Fund Dividend for the month of August 2010 thats was declared until august 10th or so , more will come on a later date.

Schemes Category Date Div(Rs)
Birla SL Advantage Fund (D) Equity Diversified 6/8/2010 7
Birla SL Frontline Equity -A (D) Equity Diversified 6/8/2010 1.25
Kotak Contra (D) Equity Diversified 30/07/10 1.5
Sahara Power&Natural Res. (D) Equity Diversified 30/07/10 2
UTI Dividend Yield Fund (D) Equity Diversified 27/07/10 0.5
Tata Dividend Yield Fund (D) Equity Diversified 23/07/10 2

Mutual Fund Dividend Announced and its Record Date up to July 16th 2010

Mutual Fund Dividend Announced and its Record Date

Schemes Date Div(Rs)
Birla SL Basic Industries (D) 16/07/10 2.5
Birla SL India GenNext (D) 16/07/10 1
Birla Sun Life Midcap Fund -A (D) 16/07/10 1.5
Tata Mid Cap Fund (D) 16/07/10 1.5
UTI Top 100 Fund (D) 13/07/10 1.2
Tata Pure Equity Fund (D) 9/7/2010 2
ICICI Pru Discovery Fund (D) 28/06/10 1
ICICI Pru Growth (D) 28/06/10 1
Birla SL Dividend Yield (D) 25/06/10 0.71
Birla SL Infrastructure -A (D) 25/06/10 0.73
Principal Large Cap Fund (D) 24/06/10 1.5
UTI Banking Sector (D) 24/06/10 1
Tata Equity Opp. Fund (D) 22/06/10 0.5
Franklin India Prima Fund (D) 18/06/10 8
Tata Contra Fund (D) 18/06/10 1
UTI Master Value Fund (D) 16/06/10 2.25
UTI Wealth Builder Fund (D) 3/6/2010 1

Mutual Fund Dividend from Mid May to Mid June 2010

Mutual Fund Dividend from Mid May to Mid June 2010, record date for the same.

Franklin India Prima Fund (D) 18/06/10 8
UTI Master Value Fund (D) 16/06/10 2.25
UTI Wealth Builder Fund (D) 3/6/2010 1
IDFC India GDP Growth Fund (D) 31/05/10 2
Birla SL Long Term Advan. (D) 28/05/10 1
HSBC Equity Fund (D) 28/05/10 1.5
Kotak Opportunities Fund (D) 28/05/10 1
Sahara Midcap Fund (D) 28/05/10 4
Tata Growth Fund (D) 14/05/10 2

Mutual Fund Dividend from April 23rd May 6th 2010

Mutual Fund dividend will slowly start picking up as all the company have paid dividend after the results

Schemes Date Div(Rs)
Escorts Growth Plan (D) 4/5/2010 2
Escorts Tax Plan (D) 4/5/2010 1
Birla SL Pure Value Fund (D)  30/04/10 1
Bharti AXA Equity Fund-Eco (D) 29/04/10 1
Bharti AXA Equity Fund-Eco(QD) 29/04/10 1
Bharti AXA Equity Fund -RP (D) 29/04/10 1
Bharti AXA Equity Fund -RP(QD) 29/04/10 1
IDFC Small&Midcap Eqty -D  29/04/10 1.6
UTI Wealth Builder Sr-2 RP (D)  29/04/10 1.2
Reliance Diver. Power – RP (D)  30/03/10 2.5
Reliance Growth Fund – RP (D)  30/03/10 2.5
Reliance Vision Fund – RP (D)  30/03/10 2.5
IDFC Premier Equity – A (D)  29/03/10 2.4
Taurus Star Share (D) 28/03/10 5

IRDA tells SEBI that banned 14 insurance company will sell ULIPS

IRDA had a meeting today april 10th 2010 and have issues a statement regarding the sebi order over 14 insurance companies.IRDA has taken the Premium paid as some supporting points and have told that

“The IRDA observes that in the year 2008-09, 7.03 crore ULIP polices involving a total premium of Rs.90645 crores were in force. Further, as on February, 2010, during the period 1-4-2009 to 28-2-2010, 16.7 lakhs policies have been sold with a premium of Rs.44611 crores. It is also observed that the 14 insurance companies have an equity capital of Rs.16281 crones as on 31st March, 2009.”

The verdict they gave to SEBI is if these 14 company stops from doing busioness the whole insurance market will come to stand still and it will jeoparadize the The effective stoppage of the sale of the said products will cause a complete drying up of the revenue flows to the insurance companies which could disrupt the payment of benefits on maturity, on
death and on other admissible claims, putting the policyholder and the general public to irreparable financial loss. The financial position of the insurers will be seriously jeopardized thus destabilizing the market and upsetting financial stability.
IRDA has told according to there insurance act they can do business this way and they will not adhere to SEBI’s policy , it will be good to see whats the SEBI’s outcome of this IRDA Letter.
Read more on the IRDA letter to SEBI.

Insurance Company not to sell ULIPS – SEBI BANS 14 Insurance Company

Sebi has come out with the verdict on Insurance company selling ULIPS and it has banned the following insurance company for doing the same . It has been noticed that the following entities have launched several Unit Linked Insurance Products (ULIPs) :-
14 Insurance Company

a. Aegon Religare Life Insurance Company Limited
b. Aviva Life Insurance Company India Limited
c. Bajaj Allianz Life Insurance Company Limited
d. Bharti AXA Life Insurance Company Limited
e. Birla Sun Life Insurance Company Limited
f. HDFC Standard Life Insurance Company Limited
g. ICICI Prudential Life Insurance Company Limited
h. ING Vyasa Life Insurance Company Limited
i. Kotak Mahindra Old Mutual Life Insurance Limited
j. Max New York Life Insurance Co. Limited
k. Metlife India Insurance Company Limited
l. Reliance Life Insurance Company Limited
m. SBI Life Insurance Company Limited
n. TATA AIG Life Insurance Company Limited

Since, the ULIPs launched by the abovesaid entities were prima facie found to be akin to the mutual fund schemes and were launched without obtaining registration from the Securities and Exchange Board of India (hereinafter referred to as “SEBI”)
under the Securities and Exchange Board of India Act, 1992 (hereinafter referred to as “the SEBI Act”) and the regulations made thereunder, notices were issued to these entities on January 15, 2010 (except in case of HDFC Standard Life Insurance
Company Limited where the notice was issued on December 14, 2009). SEBI had sought replies from the said entities as to how the ULIPs were launched without obtaining the requisite certificate of registration from SEBI and why appropriate action should not be taken against them under the provisions of the SEBI Act.
Final Verdict : The 14 Insurance Company is restrain from raising further monies/subscription, new and/or additional, from the investors for any product (including ULIPs) having an investment component in the nature of mutual funds till they obtain registration from SEBI.

Read More From Sebi .

Mutual Fund Dividend Declared from March 12th 2010 to March 26th 2010

Mutual Fund Diidend Declared for March 2010

Schemes Date Div(Rs)
Can Robeco Equity Divers (D) 26/03/10 2
Sundaram S.M.I.L.E Fund (D) 26/03/10 3
Sundaram Select Focus – RP (D) 26/03/10 2
Taurus Tax Shield (D) 26/03/10 2.25
HDFC Equity Fund (D) 25/03/10 4
Franklin (I) Flexi Cap (D) 23/03/10 2
IDFC Tax Advantage (ELSS) (D) 23/03/10 1
Tata Infrastructure Fund (D) 23/03/10 0.6
L & T Tax Advtg – Sr I (D) 22/03/10 5
Can Robeco Eqty TaxSaver (D) 19/03/10 2
DSP-BR Equity Fund – RP (D) 19/03/10 6.5
ICICI Pru Tax Plan (D) 19/03/10 1
IDFC Enterprise Equity -A (G) 19/03/10 1
JM Basic Fund (D) 19/03/10 1
JM Equity Fund (D) 19/03/10 1.5
JM Large Cap Fund (D) 19/03/10 1
JM Mid Cap Fund(D) 19/03/10 2
JM Multi Strategy Fund (D) 19/03/10 1
JM Nifty Plus Fund (D) 19/03/10 1.5
Sundaram Tax Saver (D) 19/03/10 1
Tata Capital Builder Fund (D) 19/03/10 1
UTI Dividend Yield Fund (D) 17/03/10 0.5
Bharti AXA Tax Advtg -Eco (D) 16/03/10 3
Bharti AXA Tax Advtg -RP (D) 16/03/10 3
Benchmark S&P CNX 500 (D) 15/03/10 6.75
SBI Magnum Comma Fund (D) 15/03/10 3
Birla Sun Life Equity Fund (D) 12/3/2010 5
Birla Sun Life Tax Plan (D) 12/3/2010 7.5
Birla SL Tax Relief 96 (D) 12/3/2010 7
Birla Sun Life Top 100 (D) 12/3/2010 1
DSP-BR Small & Mid Cap -RP (D) 12/3/2010 1.25
Religare Contra Fund (D) 12/3/2010 2
Sahara Taxgain (D) 12/3/2010 4
SBI Magnum Global Fund (D) 12/3/2010 5
Sundaram Media&Ent. Opp-RP (D) 12/3/2010 2

Mutual Fund Dividend From Feb 20th 2010 to March 5th 2010

Mutual Fund Dividend that saw Record Date during Feb 20th 2010 and March 5th 2010

Mutual Fund Record Date Dividend
SBI Magnum Tax Gain (D)  5/3/2010 4
Sundaram Capex Oppor. (D) 5/3/2010 2.5
UTI Master Equity Plan (US) 3/3/2010 1.5
Fidelity Equity Fund (D) 2/3/2010 1
Fidelity Special Situations(D) 2/3/2010 1.5
Birla SL Advantage Fund (D)  26/02/10 6.25
Birla Sun Life Buy India (D)  26/02/10 1.25
Birla SL Dividend Yield (D)  26/02/10 0.65
Birla SL (I) Opportunities (D)  26/02/10 1
Birla Sun Life MNC Fund (D)  26/02/10 3.75
Birla SL New Millennium (D)  26/02/10 0.75
DSP-BR Opportunities – RP (D) 26/02/10 3
DWS Alpha Equity Fund -RP (D) 26/02/10 2
Taurus Tax Shield (D) 26/02/10 2
HDFC Capital Builder Fund (D)  25/02/10 2.25
HDFC Growth Fund (D)  25/02/10 2.75
Escorts Power and Energy (D) 24/02/10 1.5
Principal Services Indu. (D) 22/02/10 1.5
Franklin India Prima Plus (D) 19/02/10 6
HSBC Tax Saver Equity Fund (D) 19/02/10 1
ICICI Pru Dynamic Plan (D)  19/02/10 1.2
Kotak Mid-Cap Fund (D)  19/02/10 1.5
Sundaram Growth Fund – RP (D) 19/02/10 2
Taurus Ethical Fund (D) 19/02/10 2

Gold Price might go high – Response to increase in Import Duty

Gold Price which has already seen its heights for some time now would reach new heights, As we all know that government has proposed a 50 per cent hike in custom duty on precious metals, including gold and silver. Which is like increase from Rs 200 to Rs 300 per gramme on gold almost 100 rs per 10 grams increase and On silver its from the current Rs 1,000 to Rs 1,500 per kilo. This for sure has to be sent directly to the retailers , so in a week or so we can see the price going up by 10 to 20 rs per gram.
Budget
Precious Metals – Budget 2010 Impacts

>On gold and platinum from Rs.200 per 10 grams to Rs.300 per 10 grams
>On silver from Rs.1,000 per kg to Rs.1,500 per kg.
> Basic customs on Rhodium – a precious metal used for polishing jewellery reduced to 2 per cent.
> Basic customs duty on gold ore and concentrates reduced from 2 per cent ad valorem
to a specific duty of Rs.140 per 10 grams of gold content with full exemption from
special additional duty. Further, the excise duty on refined gold made from such
ore or concentrate reduced from 8 per cent to a specific duty of Rs.280 per 10
grams.

Mutual Fund Dividend Declared and Record Date from Feb 6th to Feb 20 th 2010

Mutual Fund Date Div(Rs)
Franklin India Prima Plus (D) 19/02/10 6
HSBC Tax Saver Equity Fund (D) 19/02/10 1
ICICI Pru Dynamic Plan (D) 19/02/10 1.2
Kotak Mid-Cap Fund (D) 19/02/10 1.5
Sundaram Growth Fund – RP (D) 19/02/10 2
HDFC Core & Satellite Fund (D) 18/02/10 4
UTI Contra Fund (D) 17/02/10 1
HDFC Long Term Advantage (D) 11/2/2010 3.75
HDFC Premier Multi-Cap (D) 11/2/2010 3
ICICI Pru FMCG Fund (D) 11/2/2010 1.2
Sundaram Leadership – RP (D) 11/2/2010 2

Mutual Fund Dividend announced from January 11th 2010 to Feb 5th 2010

Dividend announced for Mutual Funds from January 11th 2010 to Feb 5th 2010

Mutual Fund Record Date Dividend
Amount
Per Unit
Sundaram Select Midcap -RP (D) 5/2/10 1.5
Birla SL Frontline Equity -A (D) 29/01/10 2
Birla Sun Life Midcap Fund -A (D) 29/01/10 2.5
LIC MF Index – Sensex Adv (D) 29/01/10 1.75
Religare Banking Fund -RP (D) 29/01/10 2.5
Sundaram Tax Saver (D) 29/01/10 2
Bharti AXA Tax Advtg -Eco (D) 25/01/10 3
Bharti AXA Tax Advtg -RP (D) 25/01/10 3
JP Morgan Tax Advantage (D) 25/01/10 1.4
Franklin India Bluechip (D) 22/01/10 3.5
ICICI Pru Emerging S.T.A.R.(D) 22/01/10 1.5
Kotak 30 (D) 22/01/10 3
Tata Tax Saving Fund 22/01/10 5
UTI Opportunities Fund (D) 22/01/10 1.5
Fortis Dividend Yield Fund (D) 20/01/10 1
Fortis Equity Fund (D) 20/01/10 1
IDFC Tax Advantage (ELSS) (D) 20/01/10 2.5
Sahara Bkg & Fin. Services (D) 19/01/10 4
Franklin India Tax Shield (D) 15/01/10 3
Tata Equity P/E Fund (TO-A 5%) (D) 15/01/10 1.5
Taurus Tax Shield (D) 11/1/10 1.5

Mutual Fund Dividend announced from December 15th 2009 to January 10th 2010

Dividend announced for Mutual Funds from December 15th to January 15th 2010

Mutual Fund Record
Date
Dividend
in Rs
Fortis Dividend Yield Fund 20/01/10 1
Fortis Equity Fund 20/01/10 1
IDFC Tax Advantage (ELSS 20/01/10 2.5
Sahara Bkg & Fin. Services 19/01/10 4
Franklin India Tax Shield 15/01/10 3
Taurus Tax Shield 11/1/2010 1.5
Birla SL India GenNext 8/1/2010 1
Can Robeco Eqty TaxSaver 8/1/2010 2
HDFC Long Term Equity Fund 8/1/2010 1.25
SBI Magnum Equity Fund 31/12/09 5
UTI Equity Tax Saving 29/12/09 1.5
UTI Transport & Logistics 29/12/09 1.5
Birla SL Basic Industries 24/12/09 2
Birla SL Infrastructure -A 24/12/09 1.25
ICICI Pru Power 24/12/09 1
Bharti AXA Tax Advtg -Eco 23/12/09 3
Bharti AXA Tax Advtg -RP 23/12/09 3
ICICI Pru Discovery Fund 18/12/09 1.5
ICICI Pru Growth 18/12/09 1.5
Templeton growth fund 16/12/09 3

Apollo Hospitals Stock up by 12 percent – why is it going UP?

Apollo Hospital stock is something i was thinking a lot today , just that im in and out of the apollo hospital for 2 days now for check up and other reasons , they have kind of started centers across various places all over india, which is kind of normal service which would lead to bigger hospitals , First i was under impression of who would go there now i know they are really doing very good business there.They are doing normal lab test and also they are taking care of general visits , for sure i know most of the IT professionals prefer it because of the cleanliness and also the hospitality , no offence any place is good any doctors are good when the doctor is doing his duty and there is also some cleaniliness in the place.That told Apollo Hospital has both and sure IT people pay double of what they pay outside, this is just from the scenario what i saw in 2 days ,This is specially in chennai .
Anyway it gained Rs.70.35 (11.86 percent). The company opened its stock today at Rs.602 and touched the 52-week high value of Rs.694 in the afternoon trade. Overall 333,072 shares were traded throughout the day with a current P/E ratio at 29.65.May be the stock has gone up a lot , if you want to still buy the stock then may be go for the fund which is holding a lot of it .Franklin Pharma Fund holds 59,535 units of Apollo Hospitals.
As of 24/12/2009

Franklin Pharma Fund Dividend Plan Rs. 25.4069
Franklin Pharma Fund Growth Plan Rs. 48.0103

Mutual Fund Dividend Declared as of December 15th 2009

Mutual Fund Dividend Declared for the Month of December 2009 as of December 15th 2009

Scheme Name Record Date Dividend (in %)
JPMorgan India Tax Advantage Fund – Dividend 15-Dec-09 15
IDFC Arbitrage Fund – Plan A (Regular) – Dividend 14-Dec-09 0.2
IDFC Arbitrage Fund – Plan B (I P) – Dividend 14-Dec-09 0.2
HSBC Equity Fund – Dividend 11-Dec-09 25
HSBC India Opportunities Fund – Dividend 11-Dec-09 10
HSBC Midcap Equity Fund – Dividend 11-Dec-09 10
ICICI Prudential Taxplan – Dividend 4-Dec-09 40

Mutual Fund that invests in both Gold and Equity

We have thought ok this is good time to invest in gold fund and with the market going down it will be good to invest in equity also and at the same time in gold also , Gold and equity are seeing a good low for 1 week now .So it will be better if there is a fund that invest in both gold and Equity and we just came across after some analysis in valueresearchonline that there is just one fund that does that and its UTI Wealth Builder Serie II Fund.
UTI Wealth Builder Serie II Fund

This particular fund invests in both gold and also equity ,When i looked at the objective it ways that the Scheme is to achieve long term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments along with investments in Gold ETFs and Debt and Money Market Instruments.

Dividend category of this Fund had a 52-Week High 15.28 (03/12/09) and a 52-Week Low 9.89 (05/03/09) and also have declared a dividend of 80 paise per unit .

GOLD ETF – Gold Exchange traded Funds that can be bought

As we can see the gold price are going up and instead of going and buying the gold in shop , we can benefit it from buying the gold as ETF and benefit from it , I have listed the various Gold ETF that is available in the market.Except Quantum Gold Fund , everything else is based on 1 gram gold price , Quantum Gold is Half a gram gold price.
Gold ETF

GOLDBEES,Benchmark Mutual Fund – Gold Benchmark Exchange Traded Scheme
GOLDSHARE,UTI Mutual Fund – UTI Gold Exchange Traded Fund
KOTAKGOLD,Kotak Mutual Fund – Gold Exchange Traded Fund
QGOLDHALF,Quantum Gold Fund -Exchange Traded Fund (ETF)
RELGOLD,Reliance Mutual Fund – Gold Exchange Traded Fund
SBIGETS,SBI Mutual Fund – SBI Gold Exchange Traded Scheme – Growth Option

BseIndia to start trading Mutual Fund

Week before NseIndia launched trading of mutual funds through NSE , BSEindia has also decided to do so , they are going to collabarate with Tata mutual fund and going to start offering the service , this might even happen in 1 or 2 weeks , AMFI was the one who first told that they will start the trading of Mutual Fund and they will start it sometime later in march 2010 , Both NSE and BSe has started it already .Trading mutual fund doesnt mean that we can trade mutual funds like stocks .Its the same way how you trade mutual fund through kotak now , you just buy it and it will be bough for todays NAV thats all and we need to pay for it tomorrow.

NAVs advance sharply as markets rally

As the markets continued its pullback rally after a day of consolidation, equity diversified NAVs ended strong. Buying interest across sectors, positive global cues, beginning of the government\’s divestment programme and unveiling of first discussion paper on GST regime helped the Sensex and Nifty to rally over 400 and 100 points respectively.