GENERAL

1.UTI MF announces change in closing date of initial offer of UTI-Fixed Maturity Plan – Quarterly Series – QFMP 02 /12 – I.

UTI Mutual Fund has announced that In accordance with the terms of the UTI-Fixed Maturity Plan, the initial offer of the quarterly series of the scheme viz. UTI – Fixed Maturity Plan -Quarterly Series (QFMP 02 /12 – I) which will open for sale from 1 February 2012, will now close on 6 February 2012 instead of 15 February 2012. Date of allotment of units under the plan will be 6 February 2012.

News Source – INDIA INFOLINE.

 

2.Canara Robeco MF announces change in exit load under Canara Robeco Short Term Fund.

Canara Robeco Mutual Fund has announced change in exit load under Canara Robeco Short Term Fund, with effect from 1 February 2012. Accordingly, the revised exit load will be nil from the existing exit load which was 0.50% if redeemed/switched out within six months from the date of allotment and nil if redeemed/switched out after six months from the date of allotment.


The aforesaid change will be applicable on a prospective basis from the date mentioned above in respect of investments made in the scheme. Canara Robeco Short Term Fund is an open ended debt scheme. the objective of the fund is to generate income from a portfolio constituted of short to medium term debt and money market securities.

News Source – INDIA INFOLINE.

3.JM Financial Mutual Fund announces change in SAI/SID/KIM of all schemes.

JM Financial Mutual Fund has announced that Dr. R. Srinivasan has resigned as director of JM Financial AMC. Consequently, all references to Dr. R. Srinivasan as Director of the company in the SAI/SID/KIM stand deleted.

News Source – NAV INDIA.

 

4.SEBI plans slew of measures for market operations.

India's capital market regulator has in the pipeline plans to reduce transaction costs for investors, limit liabilities of clearing corporations and protect the market from unwarranted risks and manipulation.


Two people with direct knowledge of the development said the regulator will introduce the changes in the next few months. The Securities and Exchange Board of India (SEBI) is in the process of amending norms for market intermediaries and market infrastructure institutions to introduce these changes in phases. The three critical changes being planned are: allowing interoperability of clearing corporations, imposing pre-trade order limits on exchanges and segregating brokers' accounts from those of clients.

News Source – LIVE MINT.

NEW FUND OFFER

5.JM Fixed Maturity Fund – Series XXII – Plan A to C files offer document with SEBI.

JM Financial Mutual Fund has filed offer document with SEBI to launch JM Fixed Maturity Fund – Series XXII – Plan A to C, a close ended income fund offering fixed maturity plans. The New Fund Offer price is Rs. 10 per unit.

News Source – INDIA INFOLINE.

6.Tata MF Introduces Tata Fixed Maturity Plan Series 39 Scheme D.

Tata Mutual Fund has launched the New Fund Offer (NFO) Tata Fixed Maturity Plan Series 39 Scheme D, a close-ended debt scheme. NFO opens for subscription on February 1, 2012 and closes on February 7, 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 370 days from the date of allotment of units




The scheme will be benchmark against CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 1000. The scheme will be managed by Murthy Nagarajan.

News Source – INDIA COMMODITY.

DIVIDEND

7.LIC Nomura MF Quarterly Interval Plan – Series I: Dividend Declaration.

LIC Nomura Mutual Fund has announced dividend under the dividend option of LIC Nomura MF Quarterly Interval Plan – Series I. The quantum of dividend will be upto 100% of distributable surplus as on the record date. The record date has been fixed as February 6, 2012.

News Source – VALUE RESEARCH.

GENERAL

8.UTI MF announces change in closing date of initial offer of UTI-Fixed Maturity Plan – Half Yearly Series – HFMP 02 /12.

UTI Mutual Fund has announced that In accordance with the terms of the UTI-Fixed Maturity Plan, the initial offer of the half yearly series of the scheme viz. UTI-Fixed Maturity Plan – Half Yearly Series – HFMP 02 /12 which will open for sale from 1 February 2012, will now close on 13 February 2012 instead of 25 February 2012. Date of allotment of units under the plan will be 13 February 2012.

News Source – NAV INDIA.

9.Religare MF Unveils Religare Fixed Maturity Plan – Series XII – Plan C.

Religare Mutual Fund has unveiled a new fund named as Religare Fixed Maturity Plan – Series XII – Plan C (368 Days), a close ended debt scheme. The tenure of the scheme is 368 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 1 February and closes on 2 February 2012.

News Source – NAV INDIA.

10.Principal Near-term Moderate Plan: Change in Fundamental Attributes.

Principal Mutual Fund has changed the fundamental attributes of Principal Near-term Moderate Plan, with effect from March 2, 2012. The new name of Principal Near-term Moderate Plan will be Principal Near Term Corporate Bond Plan.

News Source – VALUE RESEARCH.

NEW FUND LAUNCH

11. Tata Fixed Maturity Plan Series 39 Scheme D Floats On.

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 39 Scheme D, 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 1 February and closes on 7 February 2012.

News Source – INDIA INFOLINE.
Latest Indian Mutual Fund News | 02-Feb-2012
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