UTI Mutual Fund has declared a 25 per cent dividend under the UTI Dynamic Equity Fund, the record date being February 24. HDFC Mutual Fund has declared February 17 as the dividend record date for HDFC Taxsaver.
The website of Franklin Templeton Mutual Fund ? www. franklintempletonindia.com ? would act as an official point of transaction for the fund. Purchases, redemption and exchange applications must be received by the company at this point within the stipulated cut-off hours on any business day.
Canbank Mutual Fund has launched CanFloating Rate?an open-ended floating rate fund ? which would invest 65 to 100 per cent of its assets in floating rate debt, money market and derivative instruments and up to 35 per cent in fixed rate debt, and derivative instruments. The minimum investment is Rs 5,000 without any entry or exit load. The IPO will be open till February 22.
Kotak Mutual Fund has reduced the minimum investment amount under Kotak Bond Wholesale Plan from Rs 1 lakh to Rs 5,000. The fund has been renamed Kotak Bond Regular Plan.
