100% Dividend in HSBC Equity

HSBC Mutual Fund has announced a 100% dividend under the dividend plan of HSBC Equity Fund. The record date for the same has been fixed as February 8, 2008.

So, far the fund has declared ten dividends. The last one being a 20% dividend in March 2007.

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60% Dividend under Franklin India Prima Plus

Franklin Templeton Mutual Fund has announced a dividend of 60% (i.e. Rs 6.00 per unit on the face value of Rs 10) under the dividend option of Franklin India Prima Plus Fund. The record date for the same has been fixed as February 13, 2008.
There will be a one-day book-closure on February 14, 2008 under both the dividend and growth options. The fund has declared ten dividends in the last nine years.

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ICICI Prudential Announces Dividend in Two Equity Schemes

ICICI Prudential Mutual Fund has announced a dividend of 20 per cent each in the dividend options of the following schemes: ICICI Prudential Dynamic and ICICI Prudential FMCG.

The record date for the above dividends is February 15, 2008.

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110% Dividend in Magnum Taxgain

SBI Mutual Fund has announced a 110% dividend under the dividend plan of Magnum Taxgain Fund. The record date for the same has been fixed as February 15, 2008.

So, far the fund has declared ten dividends. The last one being a 110% dividend in March 2007.

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Mirae Asset Management launches its Maiden Equity Fund

Mirae Asset Management has come out with its maiden open-end equity fund called Mirae Asset India Opportunities Fund. It will be open for subscription from February 11, 2008 to March 10, 2008. Around 65%-100% of its assets would be invested in equity and equity related securities and the remaining 0%-35% would be allocated to debt and money market instruments.

The fund offers Regular and Institutional Plans with growth and dividend options. Minimum investment amount required to invest in regular plan would be Rs.5000, while for institutional plan it would be Rs.5 crores. The fund�s performance would be benchmarked against BSE 200 Index and Gopal Agrawal has been designated as its fund manager.

Regular Plan would charge an entry load of 2.25% for investment less than Rs.5 crores. Also, an exit load of 1% would be levied for investment less than Rs.5 crores if redemption is made within 6 months and 0.50% for investment less than Rs.5 crores if redeemed after 6 months but within 1 year. However, in case of institutional plan only entry load would be applicable.

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