Latest Indian Mutual Fund News | 10-Jan-2012
NEW FUND OFFER
1.Axis Life Plan files offer document with Sebi.
Axis Mutual Fund has filed offer document with Sebi to launch Axis Life Plan, an open ended fund of funds scheme. The New Fund Offer price is Rs. 10 per unit. Investment objective: To generate long term capital appreciation by investing in mutual fund schemes based on a target asset allocation structure linked to the time period between current date and target date of the respective plan(s). The target asset allocation of the plan(s) is designed to become more conservative & reduce risk as it approaches its target date.
News Source – INDIA INFOLINE.
2.Principal Pnb Fixed Maturity Plan-367 Days-Series II announces dividend.
Principal Mutual Fund has announced 12 January 2012 as the record date for declaration of dividend under the dividend option of Principal Pnb Fixed Maturity Plan-367 Days-Series II (close ended debt scheme). The quantum of dividend will be entire distributable surplus as on the record on the face value of Rs 10 per unit.
News Source – NAV INDIA.
Religare Mutual Fund has announced 12 January 2012 as the record date for declaration of dividend under the dividend option of Religare Fixed Maturity Plan-Series III-Plan B (18 Months) and Religare Fixed Maturity Plan-Series IV-Plan D (13 Months), close ended debt schemes. The quantum of dividend will be entire distributable surplus as on the record date.
News Source – INDIA INFOLINE.
4.Reliance Liquidity Fund declares change in minimum application amount.
Reliance Mutual Fund has declared change in minimum application amount under Reliance Liquidity Fund, an open ended liquid scheme with effect from January 13, 2012. Accordingly, the revised minimum application amount will be Rs 5 crore and in multiples of Re 1 thereafter, would be considered at the scheme level per investor (including all folios). Investor identification will be done based on first holders PAN or guardian in case of minor.
News Source – LIVE MINT.
5.Srei Infra to launch debt fund thru MF route.
Srei Infrastructure Finance Ltd plans to launch an infrastructure debt fund through the mutual fund route. The debt fund is likely to be launched in the next fiscal, said Mr Saud Siddique, Joint Managing Director, Srei. An infrastructure debt fund (IDF) can be set up as a trust or as a company. A trust-based IDF is a mutual fund that issues units, while a company-based fund is in the form of a non-banking finance company (NBFC) issuing bonds. While mutual funds are regulated by SEBI, NBFCs are regulated by the RBI.
News Source – BUSINESS LINE.
NEW FUND LAUNCH
6.Axis Constant Maturity 10 Year Fund Floats On.
Axis Mutual Fund has launched a new fund named as Axis Constant Maturity 10 Year Fund, an open ended gilt scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 10 January and will close on 24 January 2012. The scheme re-opens on or before 6 February 2012.
Tata Mutual Fund launched Tata Treasury Manager Fund Retail Investment Plan Daily Dividend Option, an open ended income scheme. The new issue is open for subscription from 9th January and closes on 9th January 2012.
News Source – AMFI INDIA.https://www.investmentkit.com/articles/2012/01/latest-indian-mutual-fund-news-10-jan-2012/https://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegMutual FundsAuto,axis,date,debt,dividend,dividend option,Draft,india infoline,mutual fund news,News,reliance mutual fund,target asset allocationNEW FUND OFFER1.Axis Life Plan files offer document with Sebi.Axis Mutual Fund has filed offer document with Sebi to launch Axis Life Plan, an open ended fund of funds scheme. The New Fund Offer price is Rs. 10 per unit. Investment objective: To generate long term capital appreciation by...Admin[email protected]AdministratorInvestmentKit Articles
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