LATEST DIVIDEND LIST

 

LATEST DIVIDEND LIST
S.No	AMC	Scheme Name	Rate of Dividend	Record Date
1	TAURAS	STAR SHARE	30%	November 6, 2009
2	SUNDRAM	FINANCIAL SERVICES OPP FUND	20%	November 6, 2009

 

 

Great News!! 20% Dividend in Sundaram BNP Paribas FSO

The above fund is declaring its 2^nd Dividend of 20% since its inception. The Record Date is 6^th Nov' 09. NAV as on 30^th Oct – 13.62.

Proposed Dividend in Taurus Starshare

Taurus Mutual Fund has proposed to declare 30% Dividend in Taurus Starshare - Dividend Plan, with Record Date 6th Nov'09 (Friday)
A notice in same regards was released in today's Business Standard all editions and Nav Shakti Mumbai.

20% DIVIDEND in Sundaram BNP Paribas F.S.O Fund

Sundaram BNP Paribas Mutual has proposed to declare a 20% DIVIDEND in Sundaram BNP Paribas Select Thematic Funds Financial Services Opportunities Fund.

The record date is 06^th November 2009.

 

Name  of the Scheme	Option	Record Date(DD/MM/YY)	Dividend (%)	Rs.Per unit on face value of Rs.10/- per unit	NAV (Dividend Option) (%) on Face Value of in Rs. Per unit as on Rs.10/- per unit October 30, 2009
Sundaram BNP Paribas       Select Thematic Funds       Financial Services Opportunities	Dividend	06/11/09	20*	2.00*	13.6202

 *Amount expected to be available for distribution on the Record Date.

 

Fund Performance

Fund / Benchmarks	AUM	NAV					Returns
	Rs. Crore	Rs	YTD	1 Day	7 Days	14 Days	1 Month	3 Months	6 Months	1 Year
Sundaram BNP Paribas Financial Services Opportunities Ret	162	14.79	61.83	0.04	-7.82	-7.82	-3.88	10.97	60.05	67.49

 

RBI's Credit Policy - October 2009

The Reserve Bank of India (RBI) in its October 2009 credit policy has signalled a first phase of exit from the accommodative policy of the recent past, by taking the following measures:

• Statutory Liquidity Ratio (SLR) has been increased from 24% to 25% - This will reduce the liquidity in the monetary system

• Cash Reserve Ratio (CRR) has been left unchanged at 5%

• The repo rate is unchanged at 4.75%

• The reverse repo is unchanged at 3.25%

• Bank rate has been left unchanged at 6%

• GDP growth estimates for the fiscal year 2009-10 is down to 6%. This is after factoring in a decline in the food grain production and a sustained increase in the industrial production

With worries of inflation reaching 6.5% by March 2010, the Central Bank has hinted at a rate hike in CRR towards the end of December 2009 or early January 2010. Interest rates are also expected to increase in Q1 of 2010.

We opine that in the current scenario investors should not invest in debt funds as the interest rates in the economy are expected to move up. This is mainly because interest rates and bond prices are inversely correlated to each other. In such a situation, one can invest in Fixed Deposit (FDs) once the interest rates firm up.

LATEST DIVIDEND LIST

LATEST DIVIDEND LIST
S.No	AMC	Scheme Name	Rate of Dividend	Record Date
1	RELIANCE	GROWTH	50%	October 30, 2009
2	UTI	MASTER SHARE	27%	October 30, 2009
3	ICICI	INFRASTRUCTURE	10%	October 30, 2009

Investment Ideas: Franklin Templeton Fixed Tenure Fund - XII - Plan B

Investment Ideas  Franklin Templeton Fixed Tenure Fund - XII - Plan B : The Indian economy has been resilient through the recent global slowdown and the recent recovery across the world, should provide a further boost to growth... In fixed income markets, rates on various securities have started to move up and are expected to have an upward bias. In such an environment, a product taking advantage of the rising debt yields as well as the high return potential of equities over the medium-to- long term, is an ideal solution... Read More

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