Franklin Templeton MF Announces Change in key personnel

Franklin Templeton Mutual Fund has announced that Mr. Umesh Sharma, Vice President, has been appointed as the fund manager in Fixed Income team with effect from 05 July 2010.

Mr. Umesh Sharma, 33 years, B.com, C.A., C.S., C.F.A, has around 10 years of experience in investments and fund management. Accordingly, Templeton India Government securities Fund, Debt portfolios such as - Templeton monthly income plan, FT India pension Plan etc., fixed maturity plans such as FT fixed Tenure fund Series IV- XIV, FT capital protection fund and FT capital safety fund comes under Mr. Umesh Sharma with effective from 05 July 2010.

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24

Tata MF Declares Dividend For Pure Equity Fund

Tata Mutual Fund has approved 9 July 2010 as record date for declaration of dividend on the face value of Rs 10 per unit under dividend option of Tata Pure Equity Fund. The record for the dividend is set as 9 July 2010.

The quantum of dividend will be Rs 2.00 per unit, subject to availability & adequacy of distributable surplus on the record date. The NAV of the scheme was at Rs 37.7104 per unit as on 1 July 2010.

Tata Pure Equity Fund is an open-ended equity fund, with an investment objective to provide income distribution and / or medium to long term capital gains while at all times emphasizing the importance of capital appreciation.

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24