Latest Indian Mutual Fund News | 09-Nov-2011
1.UTI Fixed Income Interval Fund – Monthly Interval Plan II announces dividend.
UTI Mutual Fund has announced 14 November 2011 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund – Monthly Interval Plan II. The quantum of dividend will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.
News Source – NAV INDIA.
2.Uniform know-your-customer likely for entire financial sector.
Soon, you may be able to buy mutual fund units, shares, insurance policies, bank deposits and other such financial products with a single Know Your Customer (KYC) compliance. Financial Intelligence Unit-India (FIU-Ind), the national agency monitoring suspect financial transactions, has initiated discussions with different financial sector regulators to build a common database, which could be utilised by all financial services agencies. On the sidelines of a conference, P K Tiwari, director, FIU-India, said: "The recent move by the capital market regulator, providing a common KYC for all securities market products, is a good initiative. It should be expanded across all other segments of the market."
News Source – BUSINESS STANDARD.
3.Gold ETFs – A must in every portfolio.
Exchange Traded Funds (ETFs) are the mutual fund units which investor buy or sell from the stock exchange, as against a normal mutual fund unit, where the investor trades through a distributor or directly from the asset management company (AMC). ETFs are listed and traded on stock exchanges. Various types of ETFs, like Index ETF, Commodity ETF and Fixed Income ETF and Gold ETFs are available in India. Today, Gold ETFs are very popular in India, and hence we should see if it makes sense to invest in these instruments.
Investing in stock markets is turning out to be a risky affair, as it is always surrounded by global uncertainties. Hence, the yellow metal's shine is only becoming more attractive and a perfect hedge against rising inflation. Investment in gold can either be through purchase of physical gold or through Gold ETFs, which are special types of ETFs which invest in gold and gold related securities.
News Source – DNA INDIA.
4.Tata MF Declares Bonus Units for Young Citizens Fund.
Tata Mutual Fund has proposed declaration of bonus units for its Tata Young Citizens Fund. The record date for the bonus issue has been fixed as 14 November 2011. Accordingly, the proposed bonus units will be in the ratio of 1:5 (one bonus unit for every five units held). The NAV of the scheme as on 04 November 2011 stood at Rs. 15.2841 per unit. Tata Young Citizens Fund is an open ended balanced scheme with an investment objective to provide long term capital growth along with steady capital appreciation while at all times emphasizing the importance of capital preservation.
News Source – INDIA INFOLINE.
NEW FUND LAUNCH
5.Religare MF to launch FMP – Series X – Plan E 371 Days.
Religare Mutual Fund will launch a new fund named as Religare Fixed Maturity Plan – Series X – Plan E (371 Days), under Religare Fixed Maturity Plan – Series X – Plan A to F, close ended debt scheme. The new issue will be open for subscription from November 18 and will close on November 21, 2011.
News Source – LIVE MINT.https://www.investmentkit.com/articles/2011/11/latest-indian-mutual-fund-news-09-nov-2011/https://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegMutual Funds14 november,asset management company,bank deposits,dividend option,exchange traded funds,financial intelligence,financial sector,financial transactions,fiu,fixed income,gold etfs,india general,india today,insurance policies,intelligence unit,market regulator,securities market,stock exchanges,stock markets,unit newsDIVIDEND1.UTI Fixed Income Interval Fund - Monthly Interval Plan II announces dividend.UTI Mutual Fund has announced 14 November 2011 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund - Monthly Interval Plan II. The quantum of dividend will be 100%...Admin[email protected]AdministratorInvestmentKit Articles
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