Tata MF declares 50 per cent dividend
Tata Mutual Fund has announced a dividend of 50 per cent under Tata Equity Opportunities Fund. The record date for the dividend is March 20, 2006.
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Principal MF declares 25 per cent dividend
Prinicpal Mutual Fund has declared a dividend of 25 per cent under the Principal Growth Fund and a 65 per cent dividend under Principal Resurgent India Equity Fund.

The record dates for the two schemes are March 20 and March 23 respectively. The fund house has also declared a dividend of 100 per cent under Principal Personal Taxsaver Fund. The record date for the dividend is March 13.
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ABN Amro to launch Futures Leaders Fund
ABN Amro Mutual Fund is launching an equity fund called ABN Amro Future Leaders Fund. The scheme plans to invest in companies with high growth opportunities in the mid and small-cap segment.

The MF will invest at least 65 per cent of the assets in companies that are termed as `Future Leaders' and up to 35 per cent in companies other than the above category. The performance of the fund would be benchmarked against the CNX Midcap index. The new fund offer opens on March 12 and closes on April 7. There will be no entry load during the offer period.
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OptiMix launches multi-manager fund
OptiMix, a division of ING Investment Management, has launched a multi-manager fund of funds that would invest in debt and equity schemes of other fund houses. The scheme named as OptiMix Income Growth Multi-Manager Fund of Funds offers two plans; The first plan would invest up to 15 per cent in equity and rest in debt funds while the second plan would invest up to 30 per cent in equity funds and remaining in debt funds. The new fund offer is open from March 9 to April 07. An entry load of 1 per cent would be charged for investments below Rs5 crore.
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Gangotri Textiles to float FPO next month
Coimbatore: Gangotri Textiles (GTL) is planning to float a follow on public issue to finance its Rs351-crore expansion cum integration plan. The company, which plans to raise Rs55 crore from the market, has achieved financial closure for its expansion project. It has inked a deal with a consortium of financial institutions for a Rs257-crore loan and will meet the balance requirements through internal accruals, proceeds from the proposed public issue, promoter's contribution, subsidy, loan, etc.

Manoj Kumar mibrewal, managing director, GTL, said the company is waiting for SEBI's nod for its second public issue. It has filed the draft prospectus with SEBI and the issue might hit the market next month, subject to SEBI's approval.

Tibrewal said the textile industry in the country has been witnessing robust growth and the major companies in the sector have achieved global size in operations for which the Technology Upgradation Fund (TUF) had been of great help.
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