MUMBAI: Fidelity Fund Management has announced dividends in the Fidelity Equity Fund and the Fidelity Tax Advantage Fund.
The dividend in the Fidelity Equity Fund is Rs 2.50 per unit (Face Value of Rs 10 per unit) and the maiden dividend in the Fidelity Tax Advantage Fund is Rs 1.50 per unit (Face Value of Rs.10 per unit), both subject to availability of distributable surplus.
All investors registered in the Dividend Option of the two funds as on March 13, 2008 will be entitled to this dividend, which will be tax-free in the hands of the investors.
Pursuant to payment of dividend, the Net Asset Value per unit of the dividend options of the respective schemes will fall to the extent of the payment and statutory levy (if applicable). Under the dividend reinvestment option, the dividend declared will be re-invested at the ex-dividend NAV.
Fidelity Fund Management Private Limited is the Indian arm of Fidelity International Limited, one of the world's leading global investment management companies with operations in 23 countries.
(by economic times)
Mutual Fund News update from Nishit Doshi (9824021680) a leading MF Advisor based in Ahmedabad. Gujarat.
Thursday, March 13, 2008
20% Dividend in Kotak Opportunities Fund
Kotak Mutual Fund announced a 20% dividend (Rs 2.00 per unit on a face value of Rs 10), under the dividend option of Kotak Opportunities Fund. The record date of the same has been fixed as March 14, 2008.
(by valueresearch)
How Many Schemes?
I would like to invest Rs 20,000 in a SIP every month. Should I invest the amount in one scheme or in four different schemes?
-Rushi D. Vaidya
Ideally, you should diversify your investments between a few funds (the actual number depends entirely on the amount you are investing). This strategy ensures that your portfolio is not dependent on the performance of one single fund. However, one needs to avoid over-diversification as that would achieve nothing. For Rs 20,000 per month, it would be wise to opt for a maximum of three funds (assuming these are your only mutual fund investments). Consider well rated large- and mid-cap funds and a balanced fund. The latter would provide the debt component and reduce the portfolio's downside risk.
(by valueresearch)
-Rushi D. Vaidya
Ideally, you should diversify your investments between a few funds (the actual number depends entirely on the amount you are investing). This strategy ensures that your portfolio is not dependent on the performance of one single fund. However, one needs to avoid over-diversification as that would achieve nothing. For Rs 20,000 per month, it would be wise to opt for a maximum of three funds (assuming these are your only mutual fund investments). Consider well rated large- and mid-cap funds and a balanced fund. The latter would provide the debt component and reduce the portfolio's downside risk.
(by valueresearch)
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