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  SBI Mutual Fund has declared dividend on the face value of Rs 10 per unit under dividend option of Magnum Sector Fund Umbrella - Contra Fund. The record date for the dividend has been set as August 13, 2010. The dividend will be Rs 3.50 per unit as on

 Reliance Mutual Fund has declared dividends under dividend option in Reliance Interval Fund - Monthly Interval Fund Series I - Retail Plan and Reliance Interval Fund - Monthly Interval Fund Series I -Institutional Plan. The record date for the dividend

 More than 200,000 investors are keeping their money with mutual funds, a record high level in the post-FNI (National Investment Fund) history of the domestic investment industry. "The number of investors is an indicator that mutual funds have regained

 The first overseas renminbi (RMB)- raised fund, the 'Haitong Global RMB Fund' is expected to go on sale in Hong Kong on Aug. 11, said the fund issuer Haitong Asset Management Company of Hong Kong on Monday. The first overseas RMB-raised fund, the

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 From Thestreet.com: Real estate mutual funds have been soaring. During the past year, the funds returned 39%, outpacing the S&P 500 by 25 percentage points, according to Morningstar. The rally has been driven by an improving outlook for commercial real

 Aviva Investors North America, the asset management business operated by affiliates of Aviva, has selected SEI, a provider of outsourced asset management, investment processing and investment operations solutions, to provide full-service fund operations

 Aug. 10 (Bloomberg) -- When money manager Simone Chelini left his Milan job last year to seek a hedge fund-friendly country, he rejected some obvious locations. Luxembourg? Grey, flights are expensive. Ireland? Always rains. Instead, Chelini and his