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Recent News

IDBI MUTUAL FUND ANNOUNCES DIVIDENDUNDER IDBI NIFTY INDEX FUND (ON OCT 11 ,2010)IDBI Mutual Fund has declared dividendunder its scheme IDBI Nifty Index Fund. Thequantum of dividend decided for distributionunder the scheme is Rs.0.40 per unit. The recorddate for distribution of dividend is 14th October,2010. IDBI Nifty Index Fund is an open ended

equity scheme tracking the S&P Nifty Index. Thescheme is benchmarked against S&P Nifty Indexand is managed by Mr. Gautam Kaul.

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URUS MF REVISES EXIT LOAD UNDER ITSSCHEMES (ON OCT 8 , 2010)Taurus Mutual Fund hasrevised exit load structure under its schemes, TaurusNifty Index Fund and Taurus Bonanza Fund. As per the

revision, both the schemes will not charge any exitload. Currently, Taurus Nifty Index Fund charges 1 percent of exit load, if the investment is redeemed within15 days from the date of allotment; Taurus BonanzaFund charges 1 per cent of exit load, if the investment

is redeemed within 1 year from the date of allotment.The revision will be in effect from 08th October, 2010.

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EUTSCHE MUTUAL FUND REVISES LOAD STRUCTUREUNDER ITS SCHEMES (ON OCT 6 , 2010)Deutsche MutualFund has revised exit load structure under its schemes,DWS Treasury Fund - Cash Plan and DWS Short Maturity

Fund. As per the revision, DWS Treasury Fund - Cash Planwill charge 1 per cent, if the investment is redeemed within7 days from the date of allotment; DWS Short MaturityFund will charge 1.50 per cent, if the investment isredeemed within 12 months from the date of allotment.The revision has been in effect from 04th October, 2010.

The schemes are benchmarked against CRISILLiquid FundIndex and CRISIL Short Term Bond Fund Index respectively.

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PRINCIPAL MUTUAL FUND ANNOUNCES MERGER OFSCHEMES (ON OCT 7 , 2010)Principal Mutual Fundhas decided to merge Principal Resurgent India EquityFund into Principal Growth Fund. The dividend and

growth option of Principal Resurgent India Equity Fundwill be merged into the respective options underPrincipal Growth Fund. After the merger, theinvestment objective, asset allocation pattern and allother features of Principal Growth Fund will remain

unchanged. Investors, who do not agree with themerger, can redeem their investments from 30thSeptember, 2010 to 29th October, 2010 without anyexit load.

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AIG MUTUAL FUND PLANS TO SELL ITS INDIA MUTUALFUND BUSINESS (ON OCT 5 , 2010)US insurer AmericanInternational Group Inc. (AIG) has been reported to be intalks with potential buyers to sell its mutual fund business

inIndia, valuing the unit at 4 to 5 per cent of the assets ithas under management. Bank of America Merrill-Lynch has

been appointed as the investment banker to broker a saleof AIG Global Investment Group Mutual Fund, which has Rs1,019.77 crore of assets under management (AUM). AIG isreported to be divesting and restructuring businesses and

winding down exposure to some financial products as partof a worldwide effort to lower costs.

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JM FINANCIAL MUTUAL FUND ANNOUNCES REVISION OFKEY PERSONNEL (ON OCT 4 , 2010)JM Financial Fund hasannounced revision in the responsibility of key personnelunder its schemes - JM Financial Services Sector Fund, JM

Hi Fi Fund,JM Contra Fund,

JM Tax Gain Fund and

JM Agri& Infra Fund. The fund house has appointed Mr. Sanjay

Chhabaria as the fund manager for the schemes with effectfrom 01st October, 2010. Currently these schemes aremanaged by Mr. Sandeep Neema. Mr. Sanjay Chhabariaholds PGDBA and CFA and has more than 10 years of

experience in fund management and equity research. Hehas managed six other equity schemes for JM FinancialMutual Fund.