Mutual Fund News for Today (March 30th 2010) -- Morning Edition
Mutual Fund News for Today (March 30th 2010) -- Morning Edition
| DIVIDEND 1.Religare MF Declares Dividend For Yearly Fixed Maturity Plan - Series I - Plan A. Religare Mutual Fund has announced the declaration of dividend on the face value of Rs. 10 per unit under dividend option in regular & institutional plan of Religare Yearly Fixed Maturity Plan - Series I - Plan A (375 days) (close ended debt scheme). The record date for dividend has been fixed as 7 April 2010. The fund house has decided to distribute 100% of distributable surplus as dividend as on the record date. GENERAL 2.Buy SBI MFs through bank's debit card. You can now invest in mutual fund (MF) schemes of SBI MF through your State Bank of India's (SBI) ATM-cum-debit card using the MF's Internet transaction facility. This is a first in the industry. Until now, you could invest in SBI MF schemes through the fund's website if you had a bank account with one of the 12 banks that they had tied up with. You needed to have an Internet banking facility with any of the 12 banks. Once you opened an online MF transaction account on SBI MF's website, you could select a fund and you were automatically directed to your bank's website where you could authorize the transfer of funds. News Source - LIVE MINT. |
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