GENERAL

1.Reliance Mutual Fund retains its top position.

Despite a close to 10% decline in AUM, Reliance Mutual Fund continued to retain its top position with respect to asset size at Rs 921.40 bn for the September quarter. HDFC Mutual Fund maintained second position at Rs 918.27 bn for the quarter ended September. ICICI Prudential Mutual Fund was at third position at Rs 752.87 bn. The share of top 5 mutual Funds' assets stood at 54% as on 30th September while the share of top 10 funds' assets was at 78%. The bottom 10 fund houses continued to occupy less than 1% of the AUM.

News Source – MONEY CONTROL

NEW FUND LAUNCH

2.Reliance Fixed Horizon Fund – XX – Series 9.

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XX – Series 9, a close ended income scheme. The new issue will be open for subscription from 14 October and close on 24 October 2011.



News Source – NAV INDIA

3.SBI Debt Fund Series -367 Days – 7.

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series – 367 Days -6, a close ended debt scheme. The new issue will be open and close subscription on 11 October 2011.

News Source – NAV INDIA

Latest Indian Mutual Fund News | 09-Oct-2011
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