Mutual funds continue buying

Mutual funds (MFs) bought shares worth a net Rs 154 crore on Thursday, 24 February 2011, lower than an inflow of Rs 313.70 crore on Wednesday, 23 February 2011.

The net inflow of Rs 154 crore on 24 February 2011 was a result of gross purchases Rs 1234.50 crore and gross sales Rs 1080.50 crore. The BSE Sensex had tumbled 545.92 points or 3% to settle 17,632.41 on that day.

MFs bought shares worth net Rs 1181.60 crore in February 2011 (till 24 February 2011). Mutual funds had bought equities worth a net Rs 590.80 crore in January 2011.

Source: http://www.adityabirlamoney.com/news/460402/10/22,24/Mutual-Funds-Reports/Mutual-funds-continue-buying

Reliance MF Declares Dividend Under Its Schemes

Reliance Mutual Fund has announced 3 March 2011 as the record date for the declaration of dividend on the face value of Rs. 10 per unit under dividend options of following schemes:

Reliance NRI Equity Fund: The quantum of dividend will be Rs 2.50 per unit as on the record date. The scheme recorded NAV of Rs 22.2064 per unit as on 24 February 2011.

Reliance Regular Savings Fund - Balanced Option: The quantum of dividend will be Rs 2.00 per unit as on the record date. The scheme recorded NAV of Rs 14.4297 per unit as on 24 February 2011.

Reliance NRI Equity Fund is an open ended diversified equity scheme has the investment objective to generate optimal returns by investing in equity or equity related instruments primarily drawn from the companies in the BSE 200 index.

Reliance Regular Savings Fund - Balanced Option is an open ended scheme with an objective to generate consistent returns and appreciation of capital by investing in mix of securities comprising of equity, equity related instruments and fixed income securities.

Source: http://www.adityabirlamoney.com/news/460474/10/22,24/Mutual-Funds-Reports/Reliance-MF-Declares-Dividend-Under-Its-Schemes