IDFC Mutual fund  has launched a new fund IDFC Asset allocation fund of funds an open ended fund of funds scheme.

The new fund offer (NFO) opens for
subscription from January 4, 2010 to January 25, 2010. The face value

Morgan Stanley Mutual Fund
has announced the introduction of additional feature called the Group
Systematic Investment Plan (GSIP) effective from Dec. 29, 2009 in
additional to Systematic Investment Plan available for investors of
Morgan Stanley Growth Fund, Morgan Stanley ACE Fund, Morgan Stanley
Short Term Bond Fund and Morgan Stanley Active Bond Fund.

News URL: http://myiris.com/newsCentre/storyShow.php?fileR=20091224180257707&dir=2...

Benchmark Mutual Fund has approved Dec.26, 2009 as the record date for declaration of dividend under dividend plan of Benchmark Derivative Fund.

Deutsche Mutual Fund has declared dividend under daily dividend option
for the following schemes. The record date for the dividend has been
set as December 13, 2009.

The scheme names and the quantum of dividend as on the record date is as follows:

Scheme/Option Div Per Unit (in RS) *NAV per unit (in RS)
DWS Insta Cash Plus Fund
Regular Plan Daily Dividend - Individual 0.00166686 10.3010
Regular Plan Daily Dividend - Non Individual 0.00166686 10.3010
Super Institutional Plan Daily Dividend - Non Individual 0.00172687 10.0304

Kotak Mutual Fund has declared dividend under dividend option of Kotak
Quarterly Interval Plan Series 1. The record date for dividend has been
set as December 17, 2009.
 The quantum of dividend will be up-to 100% of
distributable surplus available as on the record date on the face value
of Rs 10 per unit.

News URL: http://money.rediff.com/mutual-funds/news/557708

ICICI Prudential Mutual Fund has declared dividend on the face value of
Rs 10 per unit under dividend option of ICICI Prudential Interval Fund
II - Quarterly Interval Plan D. The record date for dividend has been
set as December 7, 2009.

News URL: http://money.rediff.com/mutual-funds/news/554042

Mutual Funds (MFs)
turned net buyers in equities worth Rs 3,749 million on Nov 30. They
bought equities worth Rs 9,170 million and sold equities worth Rs 5,421
million. Till Nov 30 they have been net buyers in equities worth Rs
6,954 million.

News URL: http://myiris.com/newsCentre/storyShow.php?fileR=20091201212003200&dir=2...

Taurus Mutual Fund has declared dividend under dividend plan of Taurus Tax Shield. The record date for the dividend has been set as November 30, 2009. The quantum of the dividend will be 10% (Re 1 per unit) of distributable surplus as on the record date.

The NAV of the scheme was at Rs 24.77 per unit as on November 25, 2009.

News URL:http://money.rediff.com/mutual-funds/news/551835

ICICI Prudential Mutual Fund has approved introduction of trigger facility (TF) by which an investor can indicate trigger levels for switching investment from ICICI Prudential Liquid Plan, ICICI Prudential Income Plan, ICICI Prudential Short Term Plan, ICICI Prudential Floating Rate Plan - Plan A & Plan B and ICICI Prudential Flexible Income Plan (the Source Schemes) to the ICICI Prudential Target Returns Fund (the Target Scheme) in which the amount from the Source Scheme(s) shall be transferred on activation of TF.

Sundaram BNP Paribas mutual fund on wednesdayannounced the launch of Public Sector Undertakings (PSU) Opportunities Fund.

The issue of units is at Rs 10 each during the new fund offer period. The issue opened for subscription on November 25 and will close on December 23.

News URL:http://www.bloombergutv.com/stock-market/mutual-funds-news/38496/sundaram-bnp-paribas-mf-banks-on-psus.html