NEW FUND OFFER

1.Taurus MF files offer document to launch Taurus Twin Advantage Fund.

Taurus Mutual Fund has filed an offered document with SEBI to launch a new open ended debt scheme named “Taurus Twin Advantage Fund”. 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, while the exit load of 1 per cent charged if redeemed or switched out on or before completion of 1 year from the date of allotment.

The minimum application amount was Rs 5,000 and in multiples of Rs.1, 000 thereafter, while the minimum application amount for additional purchase was Rs 1000 and in multiples of Rs 1000 thereafter. There were two options available under the plan of the scheme viz. Growth and Dividend option.

News Source - MONEY REDIFF.

2.UTI Mutual Fund files offer document to launch UTI-Fixed Term Income Fund – Series XI.

 UTI Mutual Fund has filed an offered document with SEBI to launch a new close-ended Income scheme named “UTI-Fixed Term Income Fund – Series XI”. 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 and exit load was nil.

There were two options available under the plan of the scheme viz. Growth and Dividend option. The minimum application amount was Rs 10,000 under dividend option and Rs 5,000 under growth option and multiples of Rs 10.

News Source - MONEY REDIFF.

3.Taurus Credit Opportunities Fund files offer document with SEBI.

 Taurus Mutual Fund has filed offer document with SEBI to launch Taurus Credit Opportunities Fund, an open ended debt scheme. The New Fund Offer price is Rs. 10 per unit. Investment objective: To generate income by investing in debt and money market instruments across the yield curve and credit spectrum.



News Source - INDIA INFOLINE.

GENERAL

4.Don’t panic when faced with tricky situations.

 One of the biggest advantages of mutual funds (MFs) is their simplicity. Also, being transparent, well-regulated, tax-efficient and varied makes them an ideal investment option for investors. However, considering there are hundreds of schemes one can invest in, making the right investment decision is anything but easy. One key ingredient to build a successful MF portfolio is to follow a well-defined selection process, in line with your risk profile, time horizon, asset allocation and investment objectives. Even if you have managed to build an ideal MF portfolio, you may still be faced with situations requiring deft handling. Here are a couple of such situations and how these need to be handled:

– Takeover of schemes in the portfolio by another MF
– A successful fund manager leaves the fund

Click here to read more: http://www.business-standard.com/india/news/dont-panic-when-facedtricky-situations/469900/

News Source - BUSINESS STANDARD.

Latest Indian Mutual Fund News | 04-Apr-2012
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