small; “>GENERAL

1.FinMin asks Sebi to review MF charges.

Tells regulator to consult advisory panel before imposing transaction charge on mutual funds. The finance ministry has asked the Securities and Exchange Board of India (Sebi) to take a second look at its decision to introduce transaction charges for mutual fund agents, according to two officials familiar with the development. The ministry had asked the regulator to place the proposals before the Mutual Fund Advisory Committee (MFAC) and take its views before proceeding with the implementation, one of the officials said. Sebi officials were not available for comment.



News Source – BUSINESS STANDARD.

2.Govt may ease foreign entry in MF schemes.

The finance ministry is in discussion with financial regulators to relax the entry norms for foreign retail investors into India's Rs7.12 trillion mutual fund (MF) industry, according to two government officials familiar with the development. The February budget allowed foreign retail investors to invest in Indian MF schemes in an effort to improve inflows into an otherwise stagnant industry and, subsequently, in August, the capital market regulator Securities and Exchange Board of India (Sebi) laid down norms for such investments. The move, though, has remained a non-starter due to stringent entry rules.

News Source – LIVE MINT.

3.ICICI Prudential Mutual Fund declares changes in the exit load structure.

ICICI Prudential Mutual Fund has declared changes in exit load structure and minimum subscription amount of ICICI Prudential Ultra Short Term Plan, with effect from November 22, 2011. If the amount sought to be redeemed or switched out, is invested for a period up to 3 months from the date of allotment, the scheme will charge an exit load of 0.25% of the applicable NAV. The exit load will be nil if the amount sought to be redeemed or switched out, is invested for a period more than 3 months from the date of allotment.

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News Source – LIVE MINT.

NEW FUND LAUNCH

4.Reliance Fixed Horizon Fund – XXI – Series 15.

Reliance Mutual Fund launched Reliance Fixed Horizon Fund – XXI – Series 15, a close ended income scheme. The new issue is open for subscription from 21st November and closes on 30th November 2011.

News Source – AMFI INDIA.

NEW FUND LAUNCH

5.Religare MF Unveils Religare Fixed Maturity Plan – Series X – Plan F.

Religare Mutual Fund has unveiled a new fund named as Religare Fixed Maturity Plan – Series X – Plan F (371 Days), under Religare Fixed Maturity Plan – Series X – Plan A to F, close ended debt scheme. The tenure of the scheme is 18 Months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 25 November and will close on 28 November 2011.

News Source – NAV INDIA.

6.Reliance Fixed Horizon Fund – XXI – Series 1 Floats On.

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXI – Series 1, a close ended income scheme with the duration of 108 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs. 10 per unit. The new issue will be open for subscription from 22 November and close on 24 November 2011.

News Source – INDIA INFOLINE.

7.Motilal Oswal MF launches MOSt10-year Gilt Fund.

Motilal Oswal Mutual Fund has launched Motilal Oswal MOSt 10-Year Gilt Fund, an open-ended gilt fund. The investment objective of the scheme is to generate credit risk-free returns by investing in a portfolio of securities issued by the central government and state government. The new issue closes on 5 December 2011. The minimum investment amount is Rs10,000.

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News Source – MONEY LIFE.

8.Tata Fixed Maturity Plan Series – 38 Scheme B Floats On.

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series – 38 Scheme B, a close-ended debt scheme with the duration of 733 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription from 21 November and closes on 30 November 2011.

News Source – INDIA INFOLINE.

9.Birla SL MF launches Birla SL Fixed Term Plan – Series DT.

Birla Sun Life Mutual Fund launches a Fixed Term plan named Birla Sun Life Fixed Term Plan – Series DT, a closed ended income scheme with an objective to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The New Fund Offer (NFO) remains open for subscription for one day on November 28, 2011.

News Source – MONEY CONTROL.

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Admin November 23, 2011

https://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegAdminMutual Fundsadvisory panel,allotment,entry norms,exchange board,finance ministry,financial regulators,finmin,government officials,icici prudential mutual fund,market regulator,mf,mfac,news source,prudential,retail investors,rs7,securities and exchange board of india,stagnant industry,transaction charge,transaction chargesGENERAL 1.FinMin asks Sebi to review MF charges. Tells regulator to consult advisory panel before imposing transaction charge on mutual funds. The finance ministry has asked the Securities and Exchange Board of India (Sebi) to take a second look at its decision to introduce transaction charges for mutual fund agents, according...Educating Investors