Latest Indian Mutual Funds | 08-Apr-2011

NEW FUND OFFER

1.Fidelity Fixed Maturity Plan – Series VI files offer document with Sebi.

Fidelity Mutual Fund has filed offer document with Sebi to launch Fidelity Fixed Maturity Plan – Series VI, a closed ended debt scheme with six plans – Plan A to F. To seek to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short to mid term debt instruments having maturity, on or before the date of maturity of a Plan.

News Source – NAV INDIA.

GENERAL

2.Sensex beats equity mutual funds.

 

Diversified Indian equity (stock) mutual funds lagged the benchmark Sensex in March due to higher allocation to cash and exposure to mid- and small-sized companies. Such funds posted an average return of 7.67 percent in the month, lower than the 9.1 percent gains the Sensex registered, data from global fund tracker Lipper showed.

News Source – INDIAN EXPRESS.

DIVIDEND

1.Canara Robeco MF Announces Dividend For Its Fixed Maturity Plan – Series 5 – 13 Months Plan A.

 

Canara Robeco Mutual Fund has announced the declaration of dividend under dividend option of Canara Robeco Fixed Maturity Plan – Series 5 – 13 Months Plan A. The record date for dividend has been fixed as 12 April 2011. The quantum of dividend will be 100% of distributable surplus as on the record date.

News Source – NAV INDIA.

NEW FUND LAUNCH

2.Religare MF introduces Religare Fixed Maturity Plan – Series VII – Plan A (370 Days).

 

Religare Mutual Fund has opened the New Fund Offer (NFO) Religare Fixed Maturity Plan – Series VII – Plan A (370 Days) under Religare Fixed Maturity Plan – Series VII – Plan A to F, a close ended debt scheme. The NFO opens for subscription on April 8, 2011 and will close on April 11, 2011. No entry and exit load is applicable. The tenure of the scheme has been fixed as 370 days from the date of allotment.



News Source – LIVE MINT.

NEW FUND OFFER

1.Baroda Pioneer MF files offer document with Sebi.

 

Baroda Pioneer Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch Baroda Pioneer 367 Days Fixed Maturity Plan – Series 1, 2. It is a close-ended debt scheme. The investment objective of the plans under the scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments normally maturing in line with the time profile of the plans under the scheme.

News Source – NAV INDIA.

DIVIDEND

2.Tata Mutual Fund announces dividend under its Equity P/E Fund.

 

Tata Mutual Fund has declared dividend under Tata Equity P/E Fund for both the options A and B. The quantum of dividend for distribution will be Rs 1.50 and Rs 3 per unit under option A and option B respectively. Tata Equity P/E Fund is an open ended equity fund with an investment objective to generate reasonable and regular income along with possible capital appreciation to its unit holders. The record date for dividend distribution is 13th April 2011.

News Source – MUTUAL FUND INDIA.

NEW FUND LAUNCH

3.ICICI Prudential MF Unveils Monthly Income Plan.

 

ICICI Prudential Mutual Fund has unveiled a new fund named as ICICI Prudential MIP 5, an open ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 14 April and closes on 27 April 2011.

News Source – NAV INDIA.

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