NEW FUND OFFER

1.HDFC Gold Fund files offer document with Sebi.

 

HDFC Mutual Fund files offer document with Securities and Exchange Board of India (Sebi) to launch HDFC Gold Fund, an Open ended fund of funds scheme. The New Fund Offer price is Rs 10 per unit. To seek capital appreciation by investing in units of HDFC Gold Exchange Traded Fund.

News Source – NAV INDIA.

GENERAL

2.SEBI begins work on infra debt funds for MFs.

 



The Securities and Exchange Board of India (SEBI) is doing its bit to boost infrastructure funding in the country. The market regulator is working on a proposal for an infrastructure debt fund, specifically for mutual fund, reports CNBC-TV18's Vidhi Godiawala quoting sources. Taking a cue from their budget announcements and looking at boosting infra financing in the country, the sources said that SEBI is exploring options to come out with an infra debt fund for mutual fund houses. This proposed mutual fund infra debt fund is still in its conceptualization phases.

News Source – MONEY CONTROL.

3.MFs cut stake in most BSE-500 firms.

 

Mutual funds scaled down their exposure in more than half of the BSE-500 companies in the quarter ended March on a sequential basis. The index comprises largecap as well as midcap stocks. Data compiled by the Business Standard Research Bureau shows of the 385 companies which had announced their latest shareholding, fund houses cut their stake in about 200.

News Source – BUSINESS STANDARD.

Latest Indian Mutual Fund News | 28-Apr-2011
Rate this post