NEW FUND OFFER

1.Religare Fixed Maturity Plan – Series XIII – Plan A to F files offer document with Sebi.

Religare Mutual Fund has filed offer document with Sebi to launch Religare Fixed Maturity Plan – Series XIII – Plan A to F, a close ended debt scheme. Religare Fixed Maturity Plan – Series XIII – Plan A to F offers plans of tenure from 3 months / 91 days to 60 months from the date of allotment of the respective Plan(s) (including the date of allotment). Investment objective: The investment objective of the schemes is to generate income and / or capital appreciation by investing in wide range of Debt and Money Market instruments having maturity in line with the maturity of the respective schemes. The maturity of all investments shall be equal to or less than the maturity of respective schemes.

News Source – INDIA INFOLINE.

 

2.Tata Fixed Maturity Plan Series 40 files offer document with Sebi.

Tata Mutual Fund has filed offer document with Sebi to launch Tata Fixed Maturity Plan Series 40, a close ended debt scheme. It comprises of 10 schemes namely Scheme A, Scheme B, Scheme C, Scheme D, Scheme E, Scheme F, Scheme G , Scheme H, Scheme I, Scheme J (maturity ranging between 01 month to 60 months from the date of allotment of units under each scheme). Investment objective: The investment objective of the schemes is to generate income and / or capital appreciation by investing in wide range of Debt and Money Market instruments having maturity in line with the maturity of the respective schemes. The maturity of all investments shall be equal to or less than the maturity of respective schemes. 

News Source – NAV INDIA.

 

DIVIDEND

3.Pramerica ST Income Fund declares dividend & revises exit load.



Pramerica Mutual Fund has declared dividend and revised exit load structure of its scheme Pramerica Short Term Income Fund with effect from January 02, 2012. 


The quantum of dividend will be Rs 22.50 per unit on the face value of Rs 1000 per unit under the quarterly dividend option of Pramerica Short Term Income Fund.

With regards to exit load, from the effective date, a load of 0.50% of the applicable NAV will be charged if units are redeemed/switched-out on or before 90 days from the date of allotment and NIL, if the units are redeemed/switched-out after 90 days from the date of allotment.

News Source – MONEY CONTROL.

 

GENERAL

4.Reliance MF eyes more unique plans.

Expects 100,000 ATM cards sales in Gujarat over one year. With securities market regulator, Securities and Exchange Board of India (SEBI) giving clear indication to the mutual fund companies to offer new themes under new fund offers (NFOs), Reliance Mutual Fund has set its eyes on innovative investment plans. The Anil Dhirubhai Ambani Group (ADAG)'s finance arm, Reliance Capital Asset Management Ltd is looking to generate more business from gold savings plans and its recently launched Reliance Any Time Money (ATM) Card.

News Source – BUSINESS STANDARD.

Latest Indian Mutual Fund News | 28-Dec-2011
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