Recent Dividend Announcements from Mutual Fund Houses

ICICI Prudential MF declares dividend under “ICICI Prudential Equity - Arbitrage Fund

ICICI Prudential Mutual Fund has declared 0.7000 per cent as dividend under dividend payout option of scheme named as “ICICI Prudential Equity - Arbitrage Fund” on the face value of Rs 10 per unit. The record date for the dividend is May 31. The NAV of scheme as on May 27, 2013 was at Rs 13.5300. The investment objective of the open ended equity diversified scheme is to seek to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio. The performance of the scheme is benchmarked against Crisil Liquid Fund Index and Manish Banthia is the fund manager of the scheme.

ICICI Prudential MF declares dividend under “ICICI Prudential Blended Plan A”

ICICI Prudential Mutual Fund has declared 0.7000 per cent as dividend under dividend payout option of scheme named as “ICICI Prudential Blended Plan A” on the face value of Rs 10 per unit. The record date for the dividend is May 31. The NAV of scheme as on May 27, 2013 was at Rs 13.3082. The investment objective of the open ended equity balanced scheme is to provide capital appreciation and income distribution to unitholders by investing in Equity & Equity related securities including derivatives and the balance portion in debt securities. The performance of the scheme is benchmarked against Crisil Liquid Fund Index and Kayzad Eghlim is the fund manager of the scheme.

IDFC MF declares dividend under “IDFC Arbitrage Plus Fund”

IDFC Mutual Fund has declared 0.8500 per cent as dividend under dividend payout option of scheme named as “IDFC Arbitrage Plus Fund” on the face value of Rs 10 per unit. The record date for the dividend is May 29. The NAV of scheme as on May 27, 2013 was at Rs 12.0069. The investment objective of the open ended equity diversified scheme is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index and Suyash Choudhary is the fund manager of the scheme.

Reliance MF declares dividend under “Reliance Dual Advantage Fixed Tenure Fund - Plan A”

Reliance Mutual Fund has declared entire distributable surplus as dividend under dividend payout option of scheme named as “Reliance Dual Advantage Fixed Tenure Fund - Plan A” on the face value of Rs 10 per unit. The record date for the dividend is May 30. The NAV of scheme as on May 24, 2013 was at Rs 11.8055. The investment objective of the close ended debt scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure. The performance of the scheme is benchmarked against Crisil MIP Blended Index and Shailesh Raj Bhan is the fund manager of the scheme.

Axis MF declares dividend under “Axis Fixed Term Plan - Series 18”

Axis Mutual Fund has declared entire distributable surplus as dividend under dividend payout option of scheme named as “Axis Fixed Term Plan - Series 18” on the face value of Rs 10 per unit. The record date for the dividend is May 31. The NAV of scheme as on May 24, 2013 was at Rs 10.2353. The investment objective of the close ended debt scheme is to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan. The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index and Kedar Karnik is the fund manager of the scheme.