NEW FUND OFFER

1.Peerless MF files offer document to launch "Peerless Fixed Maturity Plan – Series 1-4".

Peerless Mutual Fund has filed an offered document with SEBI to launch a new close ended debt scheme named "Peerless Fixed Maturity Plan – Series 1-4" having maturity time ranging between 30 days and 400 days. However, the tenure of scheme(s) will be declared at the time of allotment. The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. 


According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. 

News Source – MONEY REDIFF.

 

2.Canara Robeco MF files offer document to launch "Canara Robeco FMP – Series 7 – Plan A & Plan B".

Canara Robeco Mutual Fund has filed an offered document with SEBI to launch a new closed ended fixed maturity debt scheme named "Canara Robeco Fixed Maturity Plan – Series 7 – Plan A & Plan B". The maturity time of Plan A will be 367 days while that of Plan B will be 396 days. The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. 


According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.

News Source – MONEY REDIFF.

 

GENERAL

3.Analysis of Mutual fund industry in current market: CRISIL.

CRISIL Research is out with a new report analyzing the Mutual fund industry in current market condition. The highlights of the reports are:


* The Indian mutual fund industry's month-end assets rose by around 8% or Rs 47,700 cr to Rs 6.59 lakh cr in January 2012 primarily due to inflows in money market funds and mark-to-market gains in equity funds. 

* Money market funds witnessed the highest inflows by any category in the month of Rs 26,400 cr as corporates reinvested their surplus funds that were withdrawn to pay advance tax in December taking the month-end assets of the category to Rs 1.48 lakh cr. 

For more information, please visit: http://www.moneycontrol.com/news/mf-reports/analysismutual-fund-industrycurrent-market-crisil_673742.html



News Source – MONEY CONTROL.

 

GENERAL

 

4.UTI MF Extends NFO Closure Period of UTI-Fixed Term Income Fund – Series XI – II (400 days).

 

UTI Mutual Fund has announced that the New Fund Offer (NFO) of UTI-Fixed Term Income Fund – Series XI – II (400 days) which is open for sale on 27 February 2012 will now close on 1 March 2012 instead of 27 February 2012. In view of the above, the date of allotment of units under the plan will be 1 March 2012 and maturity date will be 5 April 2013.

News Source – INDIA INFOLINE.

 

5.Edelweiss MF to Revise its Benchmark Index for Edelweiss ELSS Fund.

Edelweiss Mutual Fund has decided to change the benchmark index of Edelweiss ELSS Fund with effect from 1 March 2012 with a view to bringing the benchmark index in closer line with the investment strategy of the scheme. Accordingly, the benchmark index for the scheme will be S&P CNX 500. The existing benchmark index of the scheme is S&P CNX Nifty. 

Edelweiss ELSS Fund is an open ended equity linked savings scheme which has the investment objective to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments.

News Source – NAV INDIA.

 

 

 

 

 

 

 

Latest Indian Mutual Fund News | 29-Feb-2012
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