NEW FUND OFFER
1.Canara Robeco plans to launch Gold ETF.
Canara Robeco Mutual Fund has filed an offer document with SEBI to launch its open-ended Canara Robeco Gold ETF. The minimum application amount is Rs. 5,000. The fund will be benchmarked against domestic price of physical gold. The fund will be managed by Akhil Mittal.
News Source – CAFE MUTUAL.
Reliance Mutual Fund has announced 28 December 2011 as the record date for declaration of dividend under the dividend payout option of Reliance Fixed Horizon Fund – XX – Series 7 (close ended income scheme). The quantum of dividend on the face value of Rs 10 per unit will be Entire distributable surplus available in the scheme as on the record date. The scheme recorded NAV of Rs 10.2102 per unit as on 21 December 2011.
News Source – NAV INDIA.
L&T Mutual Fund has declared dividend for L&T Triple Ace Fund-Regular Plan, L&T Gilt Fund-Investment Plan, L&T Select Income Fund-Flexi Debt Fund-Retail Option and L&T Monthly Income Plan-Regular Plan under its quarterly dividend option. The quantum of dividend will be Rs. 0.15 per unit for L&T Triple Ace Fund-Regular Plan and Rs. 0.10 per unit for &T Gilt Fund-Investment Plan. Moreover, under L&T Select Income Fund-Flexi Debt Fund-Retail Option and L&T Monthly Income Plan-Regular Plan the quantum of dividend will be Rs. 0.20 per unit and Rs. 0.18 per unit respectively. The record date for dividend has been fixed as 27th December 2011.
News Source – MUTUAL FUND INDIA.
4.UTI MF's investor accounts rise to 10 million.
UTI Mutual Fund said its investor accounts increased by 0.1 million to 10 million as of end-September 2011, with increasing interest in systematic investment plans (SIPs). The accounts have risen from 9.97 million on 30 September 2010 to 10 million by 30 September 2011.
According to UTI, investors have preferred to invest in equity through SIPs. Moreover, rising interest rates are making debt schemes attractive. The inflows into MFs will increase in the next three to four months, as the fund house targets more retail customers. However, the fund house did not provide a break-up of the number of accounts in debt or equity segment. Also, no information was given about dormant accounts. Similarly, no data was provided on the number of accounts in the retail and corporate segment.UTI MF's current portfolio has 87 products – a mix of equity, debt and hybrid schemes. The average assets under management (AUM) of UTI MF declined by 9.4% to Rs62,579.86 crore in the quarter ending September 2011 from the previous quarter. The decline in AUM was mainly on account of hefty withdrawals by banks and financial institutions.
News Source – MONEY LIFE.
5.Franklin Templeton Capital Safety Fund-5 Years Plan: Change in Record Date.
Franklin Templeton Mutual Fund has changed the record date for maturity of Franklin Templeton Capital Safety Fund-5 Years Plan. Now, the new record date is December 27, 2011.
News Source – VALUE RESEARCH.