1.Revision of exit load under Tata Short Term Bond Fund.
Tata Mutual Fund has announced the revision of the exit load structure of its scheme Tata Short Term Bond Fund with effect from 15 November 2011. The changes will also be applicable for subscriptions through Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP). Accordingly, the exiting load charge of 0.25% has been revised to 0.50%, if redeemed on or before expiry of 30 days from the date of allotment.
News Source – MONEY CONTROL.
NEW FUND LAUNCH
2.Motilal Oswal MF introduces Motilal Oswal MOSt 10 Year Gilt Fund.
Motilal Oswal Mutual Fund has announced the New Fund Offer (NFO) Motilal Oswal MOSt 10 Year Gilt Fund, an open ended Gilt Scheme. NFO opens for subscription on November 21, 2011 and closes on December 5, 2011. The scheme offers dividend payout and growth option.
News Source – LIVE MINT.
3.Religare Gold Fund.
Religare Mutual Fund has launched Religare Gold Fund, an open ended Fund of Funds – Domestic scheme. The new issue is open for subscription from 15th November and closes on 29th November 2011.
News Source – AMFI INDIA.