GENERAL

1.Morgan Stanley MF announces various changes.

1. Exit load for Morgan Stanley Short Term Bond Fund: The revised exit load will be 0.5% if redeemed on or before the expiry of 6 months from the date of allotment and nil if redeemed after the expiry of six months from date of allotment

2. Modification to the section w.r.t. applicability of Exit Load for Morgan Stanley Multi Asset Fund
3. Change of Portfolio Manager for Morgan Stanley Growth Fund
4. Change of Portfolio Manager – Foreign Securities Equities

News Source – NAV INDIA.

 

2.SEBI ad code may help mutual funds save costs.

Mutual fund houses can now breathe easy as far as their advertisement code goes. SEBI, the capital market regulator, in a notification last week, announced a change in the advertising code for mutual funds from being 'rule-based' to 'principle-based'. What this in effect means is that mutual funds will now be required to make fewer disclosures.

News Source – BUSINESS LINE.

 

NEW FUND LAUNCH

3.Religare MF Unveils Religare Fixed Maturity Plan – Series XIII – Plan B.

Religare Mutual Fund has unveiled a new fund named as Religare Fixed Maturity Plan – Series XIII – Plan B (14 Months), a close ended debt scheme. The tenure of the scheme is 14 months 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 March and closes on 6 March 2012.

News Source – NAV INDIA.

 

DIVIDEND

4.Religare Fixed Maturity Plan-Series V-Plan B (13Months) announces dividend.



Religare Mutual Fund has announced 6 March 2012 has the record date for declaration of dividend in the dividend option of Religare Fixed Maturity Plan-Series V-Plan B (13Months), close ended debt scheme. The quantum of dividend will be entire distributable surplus as on record date. 

Further, 6 March 2012 has been fixed as the record date for the purpose of determining eligible unit holders holding units of the scheme who would be entitled to the maturity/redemption proceeds on the maturity/final redemption date of the scheme. The maturity/final redemption date of the scheme is 6 March 2012.

News Source – INDIA INFOLINE.

 

5.Reliance Interval Fund – Quarterly Interval Fund Series III announces dividend.

Reliance Mutual Fund has announced 6 March 2012 as the record date for declaration of dividend under the dividend option of Reliance Interval Fund- Quarterly Interval Fund Series III-Retail and Institutional Plans.

News Source – NAV INDIA.

 

6.Daiwa FMP Series I-Plan A: Dividend Declaration.

Daiwa Mutual Fund has announced dividend under the dividend option of Daiwa FMP Series I-Plan A. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as March 6, 2012.

News Source – VALUE RESEARCH.

 

GENERAL

7.Axis Short Term Fund announces change in exit load.

Axis Mutual Fund has announced change in exit load of Axis Short Term Fund, with effect from 1 March 2012. The revised exit load will be 0.50% if redeemed / switched out within six months from the date of allotment. The load structure will be equally applicable to all special products offered under the scheme such as SIP, STP etc. However, no load shall be levied on switches between plans and options of the scheme. Also units allotted on reinvestment of dividends shall not be subject to load. The change in load structure will be effective on a prospective basis.

News Source – INDIA INFOLINE.

 

8.UTI-Fixed Maturity Plan – Quarterly Series – QFMP 03 /12 – I will now close on 12 March

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 03 /12 – I) which will open for sale from 1 March 2012, will now close on 12 March 2012 instead of 15 March 2012. Date of allotment of units under the plan will be 12 March 2012.

News Source – INDIA INFOLINE.

 

9.UTI-Fixed Term Income Fund – Series XI – III (368 days) announces Extension of New

UTI Mutual Fund has announced that in accordance with the terms of the UTI-Fixed Term Income Fund – Series XI – III (368 days), the initial offer of the scheme which is open for sale from 29 February 2012, will now close on 13 March 2012 instead of 1 March 2012. In 
view of the above, the date of allotment of units under the plan will be 13 March 2012 and Maturity date will be 18 March 2013 (16 March 2013 & 17 March 2013 being Saturday & Sunday respectively).

News Source – NAV INDIA.

 

 

 

 

 

 

 

Latest Indian Mutual Fund News | 02-Mar-2012
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