small; “>GENERAL

1.MFs launch more gold-based schemes.

Mutual fund houses continue to rely on gold to increase their asset under management. Three asset management companies have sought approvals to launch gold-based funds over the past two months. Several others are also waiting for the right time to come out with their batch of gold exchange traded funds and gold feeder funds, sources in distribution circles said.




IDBI Mutual, Canara Robeco Mutual Fund and BNP Paribas Mutual Fund have filed draft prospectuses with market regulator Sebi to launch gold-base funds. While Canara Robeco has sought approvals to launch an ETF and fund-of-fund scheme, BNP Paribas and IDBI Mutual have filed prospectuses to launch fund-of-fund schemes.

News Source – ECONOMIC TIMES

 

2.NAVs soared led by positive global and local cues.

Equity funds soared high in Tuesday trading session followed by positive cues floating in the global and local market. In the boarder indices space, Large cap and Small & Mid cap rose by 1.6% with no funds ending in red. All the others equity category funds including Balanced Funds registered positive returns with no losers.


No declines were seen in sectoral front too as all the funds ended in green.

News Source – MONEY CONTROL.

 

NEW FUND LAUNCH

3.Axis Constant Maturity 10 Year Fund announces change in NFO closing date.

Axis Mutual Fund has announced the change in New Fund Offer (NFO) closing date of Axis Constant Maturity 10 Year Fund, an open ended gilt fund. The NFO will now close on 19 January 2012 from earlier closing date of 24 January 2012.

News Source – NAV INDIA.

READ  Latest Indian Mutual Fund News | 22-May-2012

 

DIVIDEND

1.UTI Fixed Income Interval Fund – Monthly Interval Plan II: Dividend Declaration.

UTI Mutual Fund has announced dividend under the dividend option of UTI Fixed Income Interval Fund – Monthly Interval Plan II. The quantum of dividend will be upto 100% of the distributable surplus as on the record date. The record date has been fixed as January 16, 2012. The Specified Transaction Date will be on January 16, 2012 and January 17, 2012. 

News Source – VALUE RESEARCH.

 

2.Religare Ultra Short-term & FMP Series IV Plan F: Dividend Declaration.

Religare Mutual Fund has announced dividend under the discretionary dividend option of Religare Ultra Short-term Institutional Plan & dividend payout option of Religare FMP Series IV Plan F. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as January 16, 2012.

News Source – VALUE RESEARCH.

 

3.Reliance Fixed Horizon Fund-XVII-Series 3 and 4 announces dividend.

Reliance Mutual Fund has announced 16 January 2012 as the record date for declaration of dividend under the dividend payout option of Reliance Fixed Horizon Fund-XVII-Series 3 and 4. The quantum of dividend will be entire distributable surplus available in the scheme as on the record date. The scheme recorded NAV of 10.5592 per unit under Reliance Fixed Horizon Fund-XVII-Series 3 and Rs. 10.2562 per unit under Reliance Fixed Horizon Fund-XVII-Series 4 as on 9 January 2012.

News Source – INDIA INFOLINE.

 

NEW FUND LAUNCH

4.Morgan Stanley MF launches Morgan Stanley Multi Asset Fund.

READ  Latest Indian Mutual Fund News | 06-Sep-2011

Morgan Stanley Mutual Fund has launched a new open ended debt scheme named Morgan Stanley Multi Asset Fund. The New Fund Offer will open for subscription on January 17 and close on January 31, 2012.

News Source – MONEY CONTROL.
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https://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegAdminMutual FundsAsset,asset management companies,Auto,bnp paribas,dividend,dividend option,Draft,gold exchange traded funds,Interval,mutual fund news,News,ReligareGENERAL 1.MFs launch more gold-based schemes. Mutual fund houses continue to rely on gold to increase their asset under management. Three asset management companies have sought approvals to launch gold-based funds over the past two months. Several others are also waiting for the right time to come out with their batch...Educating Investors