Latest Indian Mutual Fund News | 16-Feb-2012
NEW FUND OFFER
1.Goldman Sachs India Equity Fund (GSIEF) files offer document with Sebi.
Goldman Sachs Mutual Fund has filed offer document with Sebi to launch Goldmaan Sachs India Equity Fund, An open ended equity scheme. The New Fund Offer price is Rs 10 per unit. Investment objective: The investment objective of the Scheme is to seek to generate long-term capital growth from an actively managed portfolio primarily of equity and Equity Related Securities. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
News Source – NAV INDIA.
2.AMFI's online platform launch delayed again.
The launch of AMFI's online mutual fund transaction platform – MF Utility – has been delayed once again. Though the launch was scheduled for April this year, it will now happen only in the second half of this calendar year. "It would take the platform around 3-4 months to go on the floor, after vendor contracts have been awarded," said Mr V. Ramesh, Deputy Chief Executive, AMFI.
News Source – BUSINESS LINE.
Franklin Templeton Mutual Fund has announced to revise exit load structure under FT India Feeder-Franklin U.S. Opportunities Fund, effective from 14th February. As per revised structure an exit load of 1% will be charged if units are redeemed or switched out within 1 year from the date of allotment. The investment of objective of the scheme is to provide capital appreciation by investing predominantly in units of Franklin U. S. Opportunities Fund, an overseas Franklin Templeton mutual fund, which primarily invests in securities in the United States of America.
News Source – MUTUAL FUND INDIA.
NEW FUND LAUNCH
4.Religare MF introduces Religare Fixed Maturity Plan – Series XII – Plan E.
Religare Mutual Fund has launched the New Fund Offer (NFO) Religare Fixed Maturity Plan – Series XII – Plan E (369 days), a close ended debt scheme. The NFO opens and closes for subscription on February 15, 2012. No entry and exit load charges is applicable for the scheme. The duration of the scheme is 369 days from the date of allotment of units. The scheme offers dividend payout and growth option.
News Source – LIVE MINT.
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