1.Reliance Fixed Horizon Fund – XX – Series 2 announces dividend.
Reliance Mutual Fund has announced 13 December 2011 as the record date for declaration of dividend under the dividend payout option of Reliance Fixed Horizon Fund – XX – Series 2 (close ended income scheme). The quantum of dividend will be entire distributable surplus available in the scheme as on the record date on the face value of Rs 10 per unit.
News Source – NAV INDIA.
2.Axis Fixed Term Plan-Series 17 changes NFO closing date.
Axis Mutual Fund has changed the NFO closing date for Axis Fixed Term Plan-Series 17 (12 months), is a close ended debt scheme from December 8, 2011 to December 22, 2011. The plan(s) of the scheme will endeavour to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan(s).
News Source – LIVE MINT.
IDBI Mutual Fund has introduced new features in IDBI Monthly Income Plan with effect from 9 December 2011. In addition to the existing facilities, the scheme will also offer the Regular Cash Flow Plan (RCFP). Under this facility investors can build a corpus either through SIP or through lump sum investments over a period of time which can then be utilized to regular cash flow. This facility is being made available in the growth option only.
News Source – INDIA INFOLINE.
4.Religare MF declares dividend under FMP-Series IV-Plan E (370 Days).
Religare Mutual Fund has declared dividend under dividend option of Religare Fixed Maturity Plan (FMP)-Series IV-Plan E (370 Days), a close ended debt scheme. The amount of dividend will be entire distributable surplus as on the record date. The scheme recorded NAV of Rs 10.8798 per unit as on December 7, 2011.
UTI Mutual Fund has announced dividend under the dividend option of UTI Fixed Income Interval Fund-Monthly Interval Plan II (Retail & Institutional). The quantum of dividend will be 100% of the distributable surplus as on the record date. The record date has been fixed as December 14, 2011. The Specified Transaction Period will be December 14, 2011 and December 15, 2011.
News Source – VALUE RESEARCH.
6.Union KBC Tax Saver Scheme extends NFO closing date.
Union KBC Mutual Fund has announced the that the closing date for New Fund Offer period of Union KBC Tax Saver Scheme, an open ended equity linked savings scheme with lock in period of 3 years, has been extended from 9 December 2011 to 16 December 2011.
Birla Sun Life Mutual Fund has announced to revise the exit load structure under Birla Sun Life Dynamic Bond Fund, effective from 2nd January 2012. Accordingly, an exit load of 0.50% of the applicable NAV will be charged if units are redeemed or switched out within 180 days from the date of allotment and 0.25% will be charged if redeemed or switched out after 180 days but on or before 270 days from the date of allotment of units.
News Source – MUTUAL FUND INDIA.
NEW FUND LAUNCH
8.Tata Mutual Fund launches Tata Fixed Maturity Plan Series 38 Scheme F.
Tata Mutual Fund launched a new close-ended debt scheme called "Tata Fixed Maturity Plan Series 38 Scheme F", having maturity time of 558 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit and NFO opened on December 5, 2011 for subscription and will close on December14.
News Source – MONEY REDIFF.