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Showing posts from June, 2008

Franklin India Prima Fund declares 60% dividend

Franklin Templeton Investments (India), has announced its eleventh dividend of 60% (i.e. Rs 6 per unit on Face Value of Rs.10), in its open end diversified equity fund - Franklin India Prima Fund. All investors registered in the Dividend Plan as on June 18, 2008 will receive this dividend. (Pursuant to payment of dividend, the NAV of the fund would fall to the extent of payout). The record date for the dividend is June 18, 2008 and any purchases on or before this date will be eligible for the dividend. There will be a one-day book closure for the growth and dividend plans on June 19, 2008 and will reopen for fresh purchases and redemptions on June 20, 2008. Under the dividend reinvestment plan, the dividend declared will be reinvested at the NAV of June 20, 2008 and unit holders will be allotted additional units for the dividend amount. Franklin India Prima Fund was launched in December 1993, and currently manages over Rs.1019 crores of assets for over 143,500 investors. The scheme see

Birla Sun Life MF launches Century SIP

Birla Sun Life Mutual Fund has launched Century SIP, a unique systematic investment plan offering an opportunity to create wealth with as little as Rs 1000 per month plus a life insurance cover of up to 100 times the monthly installment. This plan comes along with free term insurance for an individual up to 55 years of age. The life insurance cover comes at no extra cost to the investor. The cover is hassle free. The investor need not go thru any medial test to avail of the life cover. All an investor needs to do is enroll for CSIP & sign a “Declaration of Good Health”. In case of unfortunate demise of investor the insurance claim will be directly paid to the nominee by the insurance company (Birla Sun Life Insurance Company). Announcing the launch of Century SIP, Anil Kumar, CEO, Birla Sun Life MF said, “This offering touches all aspects of an investor’s financial planning needs. We wish to encourage the investment habit among investors by providing them life insurance cover.” Ins

List Of Top 5 Performing Indian Mutual Funds

Absolute Returns (in %) as on Feb 07, 2008 Fund Name 3mth 6mth 1yr StanChart Premier Equity(G) 8.9 42.6 68.2 Reliance RSF-Equity 18.2 53.1 64.6 ICICI Pru Infrastructure -2.8 38.8 57.9 Kotak Opportunities Fund(G) 2.9 42.8 52.9 Tata Infrastructure Fund(G) -7.9 30.6 49.0 Top International Performing Mutual Funds Top Performers - 1 Year Fund Name Return AIM China I 107.93% Direxion Latin America Bull 2X Inv 107.33% AIM China A 107.00% AIM China C 105.54% AIM China B 105.53% Nationwide China Opportunities Instl Svc 100.74% Nationwide China Opportunities Instl 100.68% Nationwide China Opportunities A 100.27% Nationwide China Opportunities R 99.64% Nationwide China Opportunities C 98.81%