GENERAL

1.Hedge funds consider the alternatives.

Alternative investing-flavoured mutual funds are not only getting interest and asset flows from advisers spicing up portfolios that failed them in the downturn, they are also attracting hedge fund managers that smell opportunity baking. Established hedge managers are moving into the regulated fund space by building their own operations or serving as sub-advisers to mutual fund market partners. Recent forays into the retail market by prominent hedge brands such as AQR Capital Management and Permal Asset Management have added to the segment's momentum.

News Source – FINANCIAL TIMES.



2.Canara Robeco MF to revise exit load structure under short term fund.

Canara Robeco Mutual Fund has decided to revise the exit load structure under Canara Robeco Short Term Fund with effect from May 2, 2011. Accordingly, the exit load charge will be 0.50% if redeemed or switched out within 90 days from the date of allotment. It would be nil if redeemed or switched out after 90 days from the date of allotment.

News Source – LIVE MINT.

NEW FUND LAUNCH

3.SBI Debt Fund Series – 90 Days 43 Floats On.

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series – 90 Days 43, a close ended debt scheme with the duration of 90 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issues will be open for subscription on 2 May and closes subscription on 4 May 2011.

News Source – NAV INDIA.

NEW FUND OFFER

1.JM Financial MF files offer document with SEBI for JM FMF Series XXI.

 

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JM Financial Mutual Fund has filed the New Fund Offer JM Fixed Maturity Fund Series XXI (FMF Series XXI), a close ended fund, with Securities and Exchange Board of India. The schemes have two optionsgrowth and dividend option with the dividend option offering payout and reinvestment facilities. The NFO does not have any entry load and exit load. The scheme will be benchmarked against CRISIL Short Term Bond Index.

News Source – LIVE MINT.

GENERAL

2.Kotak MF to Revise Exit Load Structure under Kotak Equity Arbitrage Fund.

 

Kotak Mutual Fund has decided to revise the exit load structure under Kotak Equity Arbitrage Fund with effect from 5 May 2011. Accordingly, the exit load charge will be 0.50% for redemptions / switch outs within 90 days from the date of allotment of units, irrespective of the amount of the investment. It would be nil for redemptions / switch outs after 90 days from the date of allotment of units, irrespective of the amount of the investment.

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 02-May-2011
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