JM Financial Mutual Fund has approved Mar. 19, 2010 as the record date for declaration of dividend option of JM Mid Cap Fund - Dividend Plan (open ended growth scheme). The quantum of dividend will be 20% (Rs 2 per unit) as on the record date.

Fortis Mutual Fund has launched a new fund named as Fortis Fixed Term Fund - Series 17 A, a 15 month close ended income scheme. The new issue is open for subscription from 17 March and closes on 22 March 2010.