Latest Indian Mutual Fund News | 18-Jan-2012



1.UTI MF Launches the NFO of UTI FMP Yearly Series 01-12.


UTI Mutual Fund has announced the launch of new fund offer (NFO) of UTI FMP Yearly Series 01-12. The scheme will open for subscription from January 16, 2012 and close on January 20, 2012 instead of January 31, 2012. The units will be listed on National Stock Exchange.




2.Pramerica Dynamic Bond Fund revises its exit load to NIL.

Pramerica Mutual Fund has announced that no load charges will be applicable under the scheme Pramerica Dynamic Bond Fund with effect from January 16, 2012. As per the current norm, a load of 0.50% is charged if redeemed or switched out before 180 days and Nil thereafter.

News Source – MONEY CONTROL.


3.Gilt funds get the edge on RBI rate cut hopes.

Gilt funds are turning popular with investors once again amid signs that the Reserve Bank of India will ease its monetary policy at its next review. Net inflows in gilt funds turned positive at 458 crore in December after a year, according to monthly data released by Association of Mutual Funds of India. Their assets under management went up to 3,121 crore in December from 2,663 crore in the previous month. 

"Fresh investments in gilt funds indicate that market is expecting interest rates to come down," says Deepak Panjwani, head of debt markets at GEPL Capital. Gilt funds invest in government securities, which are considered ideal instruments to ride interest rate cycle because they carry little risk of default. If interest rates fall, bond prices go up and, in turn, push up the net asset value (NAV) of the gilt fund.



4.Debt funds-An Ideal investment among Fixed Income products.

The growth of mutual fund industry in India has been fuelled by equity and debt oriented schemes. These are the only two asset classes where a wide variety of products have been made available. The other asset classes are yet to play their part. Unlike equity products which thrive on the notion of long term, higher risk and commensurate returns; debt mutual fund product appeal to investors based on considerations such as safety, liquidity and reduced volatility of returns. 

However, even after several years of introduction and innovation, investing in fixed income mutual fund products largely remains a bastion of institutional investors in India. Retail investor participation in this asset class through mutual funds is negligible given its potential.

News Source – MONEY CONTROL.



5.Franklin Templeton to launch FT India Feeder – Franklin US Opportunities Fund.

The New Fund Offer will be open from January 17, 2012 to January 31, 2012 during which units will be available at Rs. 10 per unit. Franklin Templeton Investments (India), one of the largest fund houses in the country, is launching a new open end fund of fund called FT India Feeder – Franklin US Opportunities Fund (FTIF -FUSOF). The fund will invest into the Luxembourg-domiciled Franklin US Opportunities Fund (master fund), which invests in US based companies across sectors and market capitalization range.




6.Gold strong contender for passive investor's portfolio.

In the past two years, gold has emerged as a strong contender for an investor's portfolio. Especially, since markets have not done so well. And debt, while giving decent returns, is giving low inflation-adjusted returns (if any).

In such circumstances, investors need to have a judicious mix of the three asset classes to generate positive returns from their portfolio. Morgan Stanley Mutual Fund is trying to tap investors who are looking for such balance of instruments with its Multi-Asset Fund. The scheme will invest in all three asset classes – equities, debt and gold.



7.Indiabulls Fixed Maturity Plans – Series II files offer document with Sebi.

Indiabulls Mutual Fund has filed offer document with Sebi to launch Indiabulls Fixed Maturity Plans – Series II, a close ended debt scheme. The New Fund Offer price is Rs. 10 per unit.

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 18-Jan-2012
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