Latest Indian Mutual Fund News | 26-Sep-2011
Religare Mutual Fund has announced 30 September 2011 as the record date for declaration of dividend in the dividend option of Religare Fixed Maturity Plan-Series II-Plan E (18 Months). The quantum of dividend will be entire distributable surplus as on the record date on the face value of Rs. 10 per unit. The scheme recorded NAV of Rs. 11.0791 per unit as on 23 September 2011.
News Source – INDIA INFOLINE.
The Association of Mutual Funds of India (Amfi); the Indian mutual funds (MF) trade body, has decided to outsource the task of doing the due diligence on distributors. The capital market regulator, the Securities and Exchange Board of India (Sebi), has assigned the job to fund houses. "Broadly, Amfi is moving to a direction where the MF industry will outsource the work to outside firms that can specialize in such a task," says V. Ramesh, deputy chief executive officer, Amfi.
News Source – LIVE MINT.
Banks and finance companies have been allowed to float infrastructure debt funds (IDF) under the mutual fund route. These funds, which need to have a minimum net owned fund of Rs 300 crore, will raise funds from long-term investors such as insurance companies and overseas institutions and invest them in core sector projects appraised by banks.
News Source – TIMES OF INDIA.
Whenever the rupee weakens, the thoughts of mutual fund investors start drifting towards international funds. Right now, if you were to spend a few minutes rooting around the research tools available on Value Research Online, you would find it hard to ignore international funds. Currently, there are a set of international funds whose returns over the past month have been about 8% to 10%. The top performing fund is Motilal Oswal Mutual Fund's MoST NASDAQ-100 ETF, which is an index fund based on the NASDAQ and has gained 16% over a month. This at a time when most normal Indian mutual funds are languishing with returns of 3-5 % over the same period.
News Source – ECONOMIC TIMES.
One of the simplest ways of selecting mutual funds is by looking at their historical performances and picking the top performers. While it is easy to come across fund listings that represent best performers, these are based on a single time scale. So, a listing may show top performing funds on the basis of 3-year or 5-year returns. A fund can be a top performer on one time scale, but may be an underperformer in another.
In this list, UTI AMC tops with its five funds. Franklin AMC shares the second spot with three funds, while BNP Paribas, Canara Robeco, IDFC, SBI, Tata and Sundaram AMCs have one fund each.
News Source – ECONOMIC TIMES.https://www.investmentkit.com/articles/2011/09/latest-indian-mutual-fund-news-26-sep-2011/https://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegMutual Fundsamfi,Association,Auto,body,capital,core sector,date,debt funds,dividend option,Draft,due diligence,exchange board,face,Fund,india infoline,Indian,market regulator,Mutual,mutual fund investors,mutual fund news,News,overseas institutions,quantum,Religare,scale,scheme,securities and exchange board of india,source times,term investors,time,times of india,tradeDIVIDEND1.Religare Fixed Maturity Plan-Series II-Plan E (18 Months) announces dividend.Religare Mutual Fund has announced 30 September 2011 as the record date for declaration of dividend in the dividend option of Religare Fixed Maturity Plan-Series II-Plan E (18 Months). The quantum of dividend will be entire distributable surplus as on...Admingkdoda@gmail.comAdministratorInvestmentKit Articles
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