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Mutual Fund News for Today (February 25th 2010) -- Morning Edition

NEW FUND OFFER
1.IDFC Fixed Maturity Plan - Monthly Series 25-27 & Bi Monthly Series 1-3 files offer document with Sebi.

IDFC Mutual Fund has filed an offer document with SEBI to launch IDFC Fixed Maturity Plan- Monthly Series 25, 26 & 27 and Bi Monthly Series 1, 2 & 3, a close ended income scheme. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing before the maturity of the scheme.

News Source - NAV INDIA.

DIVIDEND

2.Taurus Tax Shield declares dividend.

Taurus Mutual Fund has announced a dividend of 20% under the dividend plan of Taurus Tax Shield (open end equity linked saving scheme). The record date for dividend is February 26, 2010. All investors registered under the dividend option of the scheme as on February 26, 2010 will receive this dividend.

News Source - MONEY CONTROL.

 

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