SBI Mutual Fund has declared the declaration of dividend on the face value of Rs. 10 per unit under dividend choice of Magnum Equity Fund. The record date for dividend has been set as 28 January 2011.The quantum of dividend will be Rs. 3.50 / unit as on the trace date. The plan traced NAV of Rs. 32.59 /unit as on 20 January 2011.
The investment purpose of the scheme is to grant the investor long term capital approval by providing in high expansion companies beside with the liquidity of an open-ended plan through investments mainly in equities and the balance in debt and money market mechanisms.

UTI ULIP is the only unit linked insurance synchronized by the SEBI and has a more striking expenditure and load construction than most products glided by insurers. The fund has a directive to invest upbeat to 40% in equity and the remaining in debt. The fund has not only outperformed its standard CRISIL Hybrid Debt (60:40) index constantly but has situated itself among the top-performing funds in the debt-oriented unbiased mutual fund group over a one-, three- and five-year time-frames. Whereas the standard produced an annualized revisit of 5.4% for a three-year period, UTI ULIP returned approximately 8.1% annually. The fund offers a life insurance cover of upbeat to Rs 15 lakh.
In addition, the fund may provide a 5-7.5% of the target amount as additional bonus on maturity separately from the NAV returns. Tax deduction under Section 80C would further improve the yield of the fund.

ICICI Prudential Mutual Fund has agreed Jan.24, 2011 as the record date for declaration of dividend under dividend decision of ICICI Prudential Interval Fund - Quarterly Interval Plan A.The face value of per unit is Rs 10.The quantum of dividend will be Rs. 0.1694 per unit for trade option and Rs. 0.1732 per unit for institutional option
ICICI Prudential Interval Fund - periodical Interval Plan A has the outlay purpose to produce optimal proceeds steady with moderate levels of threat and liquidity by investing in debt securities and money market securities.

L&T Mutual Fund has declared that the units of L&T Monthly Income Plan, L&T Select Income Fund - Flexi Debt Fund, L&T Growth Fund, L&T Opportunities Fund, L&T Hedged Equity Fund, L&T Midcap Fund, L&T Tax Saver Fund and L&T Infrastructure Fund will be available for transaction through Mutual Fund Service System and Stock Exchange Platform for Allotment and Repurchase of Mutual Funds, trading platforms of NSE and BSE respectively, trading platform of NSE and BSE respectively, with effect from 10 December 2010.

Only growth option and divided option under retail and institutional option of L&T Select Income Fund - Flexi Debt Fund are available for transaction. Further, it has been decided that the frequency as Monthly dividend under dividend option of L&T Select Income Fund - Flexi Debt Fund.