small; “>GENERAL

1.IT emerges as second best choice for fund managers.

Fund managers are betting big on the information technology (IT) sector. Sharp currency depreciation against the dollar, witnessed in the December quarter, and relatively better macro economic numbers from the US market, have bolstered fund managers' confidence of buying into the sector from the near-term as well from the long-term perspective.




Securities and Exchange Board of India (SEBI) statistics show for the month ended December 31, allocation of equity assets in software rose by double digits, 10.5 per cent, or Rs 17,871 crore. This made IT stocks fund managers' second-best choice after banking.

News Source – BUSINESS STANDARD

 

NEW FUND LAUNCH

2.Tata Fixed Maturity Plan Series 39 Scheme A (370 Days) Floats On.

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 39 Scheme A, a close-ended debt scheme with the duration of 370 days 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 24 January and closes on 30 January 2012. 

News Source – NAV INDIA.

 

3.Tata Fixed Maturity Plan Series 39 Scheme B Floats On.

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 39 Scheme B, a close-ended debt scheme with the duration of 545 days 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 24 January and closes on 30 January 2012.

News Source – NAV INDIA.

READ  Latest Indian Mutual Fund News | 11-Sept-2012

 

4.Franklin Templeton launches fund that will invest in US firms.

Franklin Templeton Investments (India) today launched an open-ended fund which will invest in US-based companies across sectors as part of its international diversification approach. The new fund offer (NFO), FT India Feeder, will close for subscription on January 31, the private mutual fund house said.

News Source – ECONOMIC TIMES

 

DIVIDEND

1.Indiabulls Ultra Short Term Fund announces change in dividend frequency.

Indiabulls Mutual Fund has introduced daily dividend reinvestment facility under Indiabulls Ultra Short Term Fund with effect from January 24, 2012, along with dividend reinvestment facility available for weekly, fortnightly and monthly frequency. This notice cum addendum forms an integral part of the SID and KIM of Indiabulls Blue Chip Fund and Indiabulls Ultra Short Term Fund.

News Source – LIVE MINT.

NEW FUND LAUNCH

2.Religare MF Introduces Religare Fixed Maturity Plan – Series XII – Plan B.

Religare Mutual Fund has launched the New Fund Offer (NFO) Religare Fixed Maturity Plan – Series XII – Plan B (14 Months), a close ended debt scheme. NFO opens for subscription on January 24, 2012 and closes on February 2, 2012. No entry and exit load charges will applicable for the scheme. The scheme offers dividend payout and growth option. The duration of the scheme is 14 months from the date of allotment of units.

News Source – INDIAN COMMUNITY.

Latest Indian Mutual Fund News | 25-Jan-2012
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