small; “>GENERAL

1.Rush of FMPs before rates drop.

With interest rates near peak and expectation of interest rates going south, mutual fund houses are making a beeline with new fixed maturity plans (FMPs) offerings to attract investments. In the last one-week, more than 20 new fixed maturity plans from companies such as Tata Mutual Fund, Birla Sun Life Mutual Fund, Birla Sun Life Mutual Fund and IDFC Mutual Fund have been opened for subscription.




Most mutual funds have launched fixed-term plans also known as fixed-maturity plans (FMPs) of varying maturities. The fund houses have launched fixed maturities plans of 91 days to one-year tenure. Fund houses keep varying maturities to help investors' park their money for different periods, depending on their requirement for capital.

News Source – FINANCIAL CHRONICLE.

 

2.A slew of new fund offers from MFs.

Fund houses such as Franklin Templeton, Morgan Stanley have launched new fund offers (NFOs) this week. Franklin Templeton Investments (India) on Tuesday launched an open fund of fund – FT India Feeder – Franklin US Opportunities Fund. The new fund offer will open on January 17 and close on January 31.

News Source – BUSINESS LINE.

 

DIVIDEND

 

3.Reliance FHF XVII Series 5: Dividend Declaration.

Reliance Mutual Fund has announced dividend under the dividend option of Reliance FHF XVII Series 5. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as January 23, 2012.

News Source – VALUE RESEARCH.

READ  Latest Indian Mutual Fund News | 13-June-2011

 

4.UTI Fixed Income Interval Fund Series II – Quarterly Interval Plan IV: Dividend Declaration.

UTI Mutual Fund has announced dividend under the dividend option of retail as well as institutional option of UTI Fixed Income Interval Fund Series II – Quarterly Interval Plan IV. The quantum of dividend will be upto 100% of distributable surplus as on the record date. The record date has been fixed as January 23, 2012. The Specified Transaction Period will be January 23, 2012 and January 24, 2012.

News Source – VALUE RESEARCH.

 

5.Axis FTP Series 11: Dividend Declaration.

Axis Mutual Fund has announced dividend under the normal dividend as well as quarterly dividend option of Axis FTP Series 11. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as January 23, 2012.

News Source – VALUE RESEARCH.

 

GENERAL

6.Indiabulls MF to foray into equity space with bluechip fund.

Indiabulls Mutual Fund is foraying into the equity space with its first equity mutual fund. Aviral Gupta of Indiabulls Mutual Fund spoke to CNBC-TV18 about the product and the way ahead for the industry.

News Source – MONEY CONTROL.

Latest Indian Mutual Fund News | 19-Jan-2012
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