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)

Annual dividend in Franklin India Flexi Cap Fund

Franklin Templeton Investments has announced a 30% dividend under the dividend plan of Franklin India Flexi Cap Fund.

The record date fore the dividend payouts is March 12, 2008.

Extension of New Offer Period of Mirae Asset India Opportunities Fund

Mirae Asset Mutual Fund has extended the offer period of Mirae Asset India Opportunities Fund from March 10, 2008 to March 11, 2008.

(by valueresearch)

Introduction of Growth Plan Under Birla Sun Life Tax Relief'96

Effective March 6, 2008 Birla Mutual Fund has announced the introduction of a growth plan and renamed the existing plan as dividend option of Birla Sun Life Tax Relief '96. The investment amount is Rs. 500 for both the options.

(by value research)

Dividend Announced in HDFC Equity and HDFC Taxsaver

HDFC Mutual Fund has announced a 55% dividend under the dividend plan of HDFC Equity Fund and an 80% dividend under the dividend plan of HDFC Taxsaver.

The record date fore both the dividend payouts is March 7, 2008.

(by value research)