mf newsGENERAL

1.Quantum Index Fund announces change in the calculation of creation of units.

Quantum Mutual Fund has approved the following change in the calculation of creation of units in Quantum Index Fund with effect from 1 April 2012. Accordingly, as per revised provision portfolio deposit will be calculated based on previous day's NAV of the scheme *2000* scrip wise weightage.

News Source - INDIA INFOLINE.

2.Principal Index Fund announces change in exit load structure.

 Principal Mutual Fund has revised the exit load for Principal Index Fund, an open ended index scheme. Accordingly, the revised exit load will be nil from existing 1% if redeemed on or before 30 days from the date of allotment. Revised exit load as mentioned herein shall be applicable prospectively in respect of subscriptions in the scheme post 3 pm effective 29 March 2012. All prior investments shall continue to be subject to the load structure as may have been applicable at the time of their original investments.

News Source - NAV INDIA.

3.Principal Pnb MF announces modification to the average maturity profile of Principal Near Term Fund-Conservative Plan.

 Principal Pnb Mutual Fund has announced modification to the average maturity profile of Principal Near Term Fund-Conservative Plan from 120 days to 370 days. Such modification to the average maturity profile shall be effective the business day immediately following 27 April 2012 (effective date).

News Source - NAV INDIA.

4.ELSS better than PPF, NSC: CRISIL.

 Investment in an Equity-Linked Savings Scheme (ELSS) of a mutual fund can yield higher returns compared to other instruments like PPF and NSC, a report by CRISIL has said. "Our analysis shows that ELSS gave 26 percent and 22 percent annualised returns over three and 10 years respectively vis-a-vis 8-9 percent offered by traditional tax saving investment products such as public provident fund (PPF) and national savings certificates (NSC)," CRISIL said.

CRISIL noted that interest on Employees Provident Fund (EPF) for 2011-12 was slashed to 8.25 percent from 9.5 percent in the previous year and thus ELSS can act as a strong alternative to investors.

News Source - FINANCIAL EXPRESS.

5.CRISIL's outlook on Mutual fund industry.

 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 equity market (S&P CNX Nifty) rose around 4% in February, primarily due to persistent foreign institutional investor (FII) buying and firm global cues. * FIIs bought equities worth Rs 25,217 cr in February, the highest monthly buying since records and compared to buying of Rs 11,089 cr in the previous month. * Positive global cues included strong US jobs data and expectations that the Eurozone debt crisis may ease. * Domestic cues such as encouraging corporate earnings and fall in monthly inflation numbers added to the gains in the market.

For more information, please visit: http://www.moneycontrol.com/mccode/news/article/article_pdf.php?autono=686384&num=0



News Source - CRISIL.

NEW FUND LAUNCH

6.Reliance MF Floats Reliance Fixed Horizon Fund – XXII – Series 1.

 Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXII – Series 1, a close ended income scheme with the duration of 90 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will open and close subscription on 29 March 2012.

News Source - INDIA INFOLINE.

 7.JM Financial MF Launches 368 Days Fixed Maturity Plan.

 JM Financial Mutual Fund has launched a new fund named as JM Fixed Maturity Fund – Series XXII – Plan B, a close ended income fund offering fixed maturity plans. The duration of the scheme will be 368 days from the date of allotment of units. During the New Fund Offer (NFO) period, units of the scheme will be offered at Rs 10 per unit. The new issue will be open for subscription from 28 March and closes on 29 March 2012.

News Source - NAV INDIA.

 

Latest Indian Mutual Fund News | 30-Mar-2012
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