NEW FUND OFFER

1.Pramerica MF Files Offer Document with Sebi to Launch Pramerica Short Term Floating Rate Fund.

Pramerica Mutual Fund has filed offer document with Sebi to launch Pramerica Short Term Floating Rate Fund, an open ended income scheme. The New Fund Offer price is Rs 1000 per unit. Investment objective: To generate regular income through investment in a portfolio comprising primarily in short maturity floating rate debt/money market instruments. Options: The scheme would offer growth and dividend option. Dividend option offers facilities such re-investment and transfer.

News Source – NAV INDIA.

DIVIDEND

2.Principal PNB Fixed Maturity Plan-91 Days-Series A1 announces dividend.

Principal Mutual Fund has announced 21 November 2011 as the record date for declaration of dividend under the dividend option of Principal PNB Fixed Maturity Plan-91 Days-Series A1. 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 10.2078 per unit as on 14 November 2011. 

News Source – NAV INDIA.

3.Religare Fixed Maturity Plan-Series VII-Plan E (180 Days) announces dividend.

Religare Mutual Fund has announced 21 November 2011 as the record date for declaration of dividend in the dividend option of Religare Fixed Maturity Plan-Series VII-Plan E (180 Days) (close ended debt scheme). 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 10.4565 per unit as on 14 November 2011. 21 November 2011 has been fixed as the record date.

News Source – INDIA INFOLINE.

4.UTI Fixed Income Interval Fund – Monthly Interval Plan I announces dividend.

UTI Mutual Fund has announced 21 November 2011 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund – Monthly Interval Plan I. 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.

GENERAL

5.CRISIL's analysis on MF Inflow/Outflow Nos for October 2011.

CRISIL Research has analyzed Mutual fund industry based on the Monthly Mutual Fund Inflows / Outflow Numbers released by AMFI for month ended October 2011.



Mutual fund industry witnesses first net inflows since July:

Indian mutual fund industry witnessed its first net inflows since July when month-end assets under management (AUM) rose over 8% in October primarily due to net inflows into the short maturity mutual fund category (ultra short term debt and liquid funds). The industry witnessed net inflows of Rs.413 billion in October vis-a-vis net outflows of Rs.542 billion in September and Rs.146 billion in August. 

Equity funds see net inflows for the third consecutive month:

Equity funds saw net inflows for the third consecutive month but the same were sharply lower at Rs.2.10 billion compared with Rs 14 billion in September. 

Gold ETFs continue to grow while gilt funds continue to retreat: 

Gold exchange traded funds (ETFs) continued to see inflows for the seventeenth consecutive month (Rs.4.55 billion) compared to Rs 10 billion in September. 

FMPs top new fund offers:

Among the 51 new schemes launched, 46 were fixed maturity plans or FMPs which collected Rs.57 billion in October. 

News Source – MONEY CONTROL.

6.Axis Capital Protection Oriented Fund – Series 1 NFO period is Extended.

Axis Mutual Fund has announced extension of New Fund Offer (NFO) period by extending the closing date of Axis Capital Protection Oriented Fund – Series 1, a 3 year close ended capital protection oriented fund from 21 November to 22 November 2011. All the other terms and conditions of the scheme will remain unchanged.

News Source – INDIA INFOLINE.

7.For old age, pick mutual funds over retirement schemes.

It is imperative that one accounts for inflation while building a retirement corpus. And, there are various instruments – slightly riskier than debt – that need to be accommodated in it, to earn good returns. There are various mutual fund schemes to choose from, such as equity-diversified funds, mid- or small-cap funds, debt funds and so on. Alternatively, you can pick retirement-specific funds that some fund houses offer. At the moment, only UTI Mutual Fund, Franklin Templeton and Tata Mutual Fund offer retirement schemes.

News Source – BUSINESS STANDARD.

Latest Indian Mutual Fund News | 16-Nov-2011
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