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MUTUAL FUND ADVISORY
Axis Mutual Fund announces dividend under Axis Mid Cap Fund, the record date for dividend is July 31, 2014.
Axis Mutual Fund has launched a new open ended arbitrage Fund as Axis Enhanced Arbitrage Fund.
Birla Sun Life MF has launched Birla Sun Life Capital Protection Oriented Fund -Series 22, a close ended scheme that will seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity equity related instruments.
Equity Mutual Funds ended in red as the 30-share BSE Sensex shed 145.10 points on Friday as investors book some profits in oil gas, banks, auto and infrastructure stocks.
The Finance Minister today justified the hike in tax for debt mutual funds. He said that the retail participation remains low and corporates use debt MFs as a tool for arbitrage. The revenue secretary also told CNBC-TV18 that the tax burden on companies is not very heavy.
Retail investors, if they can hold on for three years, are still better off investing in debt funds instead of traditional bank products such as fixed deposits.
Reliance Mutual Fund announces name change under 3 Schemes, with effect from July 30, 2014.
UTI Mutual Fund announces change in fund manager, with effect from July 25, 2014.
Union Finance minister Arun Jaitley assured investors of a stable tax regime while promising to bring in goods and services tax (GST) in this year itself. He ruled out imposition of long term capital gain tax on debt mutual funds retrospectively.
Equity and Debt Mutual Funds closed in a positive terrain as market gained strength in last hour of trade after seeing consolidation from the beginning, continuing upmove for the eighth consecutive session on Thursday supported by FMCG, technology and metal stocks.
Equity Mutual Funds delivered mixed returns as the Equity benchmarks managed to end at record closing highs amid volatility on Wednesday, largely supported by technology stocks and banking majors.
LT India Prudence Fund announces dividend, the record date for dividend is July 28, 2014
Jaiprakash Associates, Adani Ports and Sesa Sterlite were the top sells by the fund, while Prism Cement, KSK Energy Ventures and Praj Industries were the top buys.
Mutual Funds across categories gain as the Equity benchmarks saw two-week high on Tuesday with the Sensex reclaiming 26000-mark again (for the second time since July 7) on positive global cues and stable corporate earnings, aided by heavyweights like Reliance Industries and HDFC.
Reliance Communications, Indian Hotels Company and Federal Bank were the top buys, while TVS Motor Company, Usha Martin and Crompton Greaves were the top sells by the fund in Reliance Mutual Fund.