small; “>GENERAL

1.Sebi allows UTI Asset Management to launch new schemes after gap of 5 months.

The Securities and Exchange Board of India (Sebi) has allowed UTI Asset Management, India's fifth-largest mutual fund, to launch new schemes again after a gap of almost five months. The move comes as a relief to UTI, which was barred by the regulator from launching any fresh scheme in August 2011, till it gets a new chief, as the mutual fund was losing out on opportunities to garner money for its short-term debt products in a firm interest rate regime.



News Source – ECONOMIC TIMES.

2.Sebi talking to other regulators on uniform know-your-customer platform.

Capital markets regulator Sebi said it is informally talking to other regulators to adopt its model of uniform know-your-customer (KYC) platform. "We are informally talking to other regulators to adopt our model of having a uniform KYC platform/system, which is beneficial to both customers and market intermediaries alike," Sebi Chairman UK Sinha said. He was speaking after launching the country's first KYC Registration Agency (KRA) by the Central Depository Services at the BSE here.

News Source – ECONOMIC TIMES.

 

NEW FUND LAUNCH

3.Religare MF Unveils Religare Fixed Maturity Plan – Series XI – Plan F.

Religare Mutual Fund has unveiled a new fund named as Religare Fixed Maturity Plan – Series XI – Plan F (15 Months), close ended debt scheme. The tenure of the scheme is 15 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 5 January and will close on 12 January 2012. 

News Source – NAV INDIA.

READ  Latest Indian Mutual Fund News | 09-Aug-2012

 

GENERAL

4.CDSL Ventures sets up centralised KYC agency.

CDSL Ventures Ltd (CVL), a wholly owned subsidiary of Central Depository Services (India) Ltd, launched the first central Know Your Client (KYC) Registration Agency for the capital markets on Wednesday. The KYC registration agency will maintain the KYC records of an investor centrally, on behalf of capital market intermediaries registered with SEBI. The aim of a centralised KYC registration agency is to avoid the duplication of work and make the overall process simple. This may become a trend setter for the industry, said Mr Rajeev Agarwal, Whole Time Member, SEBI. 

News Source – BUSINESS LINE.

 

NEW FUND LAUNCH

5.Indiabulls MF introduces Indiabulls Ultra Short Term Fund.

Indiabulls Mutual Fund has launched the New Fund Offer (NFO) Indiabulls Ultra Short Term Fund, an open ended debt scheme. The NFO opens and closes for subscription on January 5, 2012. No entry and exit load charges is applicable for the scheme. The scheme offers dividend payout and growth option

News Source – LIVE MINT.

6.Reliance MF Floats Reliance Fixed Horizon Fund – XXI – Series 4.

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXI – Series 4, a close ended income scheme with the duration of 369 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 which is open for subscription from 5 January will close on 9 January 2012. 

News Source – NAV INDIA.

READ  Latest Indian Mutual Fund News | 11-July-2011
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