Indian Mutual Fund News | 29-Mar-2011
NEW FUND OFFER
Franklin Templeton Mutual Fund has filed offer document with Sebi to launch FT India Feeder- Franklin U.S Opportunities Fund, an open ended fund of funds scheme investing overseas. The fund seeks to provide capital appreciation by investing predominantly in overseas mutual funds/unit trusts, which primarily invests in securities in the United States of America.
News Source – NAV INDIA.
2.Taurus Mutual Fund announced dividend under its Tax Shield Fund.
Taurus Mutual Fund has announced dividend under its ELSS scheme – Taurus Tax Shield Fund. The scheme has declared dividend of Rs 1.25 per unit on face value of Rs.10. The record date for the dividend distribution is 30th March, 2011.
News Source – MUTUAL FUND INDIA.
The mutual fund industry, which boasts of assets of nearly Rs 7 lakh crore, has aggressive plans to reach out to the vast number of untapped potential investors. The soon-to-be-launched campaign will see it demystify capital markets and mutual fund industry in investors' mind. The Association of Mutual Fund Industry (AMFI) is to come out with its media campaign soon, perturbed by the fact that amid the growth of other financial investment products, growth of mutual fund industry has more or less remained stagnant.
News Source – BUSINESS STANDARD.
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