GENERAL

1.HNIs are heroes of gold-ETF saga.

The run-up in gold prices did not quell investor appetite for the precious metal. It only turned to exchange traded funds. Demand from gold fund-of-funds and high net worth individuals appears to have driven the rise in gold ETF assets.


According to half-year data for gold funds released by AMFI, the total number of folios under gold-ETFs stood at 4.28 lakh accounts in September 2011. This was 75 per cent higher than the total accounts in the same month of 2010. The assets under management of gold-ETFs schemes grew 187 per cent to Rs 8,184 crore.

News Source – BUSINESS LINE.

 

NEW FUND LAUNCH

 

2.Tata MF Launches Two Fixed Maturity Plan.

Tata Mutual Fund has launched two new funds named as Tata Fixed Maturity Plan Series 39 Scheme F (380 Days) and Tata Fixed Maturity Plan Series 39 Scheme G (386 Days), close-ended debt scheme. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit.


Tata Fixed Maturity Plan Series 39 Scheme F (380 Days) opens on 9th March 2012 and closes on 14th March 2012. Tata Fixed Maturity Plan Series 39 Scheme G (386 Days) opens on 9th March 2012 and closes on 12th March 2012.

News Source – NAV INDIA.

 

 

DIVIDEND

3.Reliance Fixed Horizon Fund-XIX-Series 8 announces dividend.



Reliance Mutual Fund has announced 14 March 2012 as the record date for declaration of dividend under dividend payout option of Reliance Fixed Horizon Fund-XIX-Series 8. The quantum of dividend will be entire distributable surplus available in the scheme as on the record date on the face value of Rs. 10 per unit.

News Source – INDIA INFOLINE.

 

4.UTI Fixed Income Interval Fund – Monthly Interval Plan II announces dividend.

UTI Mutual Fund has announced 14 March 2012 as the record date for declaration of dividend under the dividend option of UTI Fixed Income Interval Fund – Monthly Interval Plan II. The quantum of dividend will be 100% of distributable surplus as on the record date on the face value of Rs. 10 per unit. The STP for UTI Fixed Income Interval Fund Monthly Interval Plan II will be on 14 March 2012 and 15 March 2012 (both the days inclusive).

News Source – INDIA INFOLINE.

 

GENERAL

 

5.UTI – Fixed Term Income Fund – Series XI – V (1120 days) announces change in the Intended Portfolio allocation.

UTI Mutual Fund has announced that the "Intended Portfolio allocation" mentioned under the para "Other Disclosures for Close ended Debt oriented Schemes" in Page 26 of the Scheme Information Document (SID) of UTI – Fixed Term Income Fund – Series XI – V (1120 days) stands revised to AA instead of A1.

News Source – NAV INDIA.

 

NEW FUND LAUNCH

 

6.Reliance Fixed Horizon Fund XXI – Series 10.

Reliance Mutual Fund launched Reliance Fixed Horizon Fund XXI – Series 10, a close ended income scheme. The new issue is open for subscription from 06th March and closes on 12th March 2012.

News Source – AMFI.

Latest Indian Mutual Fund News | 10-Mar-2012
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