NEW FUND OFFER

1.Religare MF files document to launch Religare Fixed Maturity Plan – Series XV – Plan A to F.

Religare Mutual Fund has filed an offered document with SEBI to launch a new close ended debt scheme named Religare Fixed Maturity Plan – Series XV – Plan A to F, with maturity time varying from 1 month to 60 months. 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 National 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. The minimum application amount was Rs 5,000 and multiples of Rs 10 thereafter. The two options were available under the Plan of the Scheme viz. Growth and Dividend Payout option.

News Source - MONEY REDIFF.

2.Franklin Templeton MF files document to launch Franklin Templeton Fixed Tenure Fund – Series XVII.

Franklin Templeton Mutual Fund has filed an offer document with SEBI to launch a new close ended income scheme named Franklin Templeton Fixed Tenure Fund – Series XVII, with maturity time of 3 years. 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 not applicable and since the scheme was planned to be listed on the National 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. The minimum application amount was Rs 10,000 and multiples of Rs 10 thereafter. The two options were available under the Plan of the Scheme viz. Growth and Dividend Payout option.

News Source - MONEY REDIFF.

DIVIDEND

3.UTI Mutual Fund announces dividend under two schemes.

UTI Mutual Fund has announced 16 April 2012 as the record date for declaration of dividend under UTI – Fixed Maturity Plan – Yearly Series (YFMP 03/11) and UTI – Fixed Term Income Fund – Series IX – II (369 Days). The quantum of dividend on the face value of Rs 10 per unit under each scheme will be 100% of distributable surplus as on the record date.

News Source - NAV INDIA.

4.Religare Fixed Maturity Plan – Series VII – Plan A (370 Days) announces dividend.

Religare Mutual Fund has announced 16 April 2012 as the record date for declaration of dividend under the dividend option of Religare Fixed Maturity Plan – Series VII – Plan A (370 days), a close-ended debt scheme. The quantum of dividend will be entire distributable surplus as on the record date on the face value of Rs 10 per unit.

News Source - NAV INDIA.

5.Tata Equity P/E Fund announces dividend.

Tata Mutual Fund has announced 16 April 2012 as the record date for declaration of dividend under the dividend option of Tata Equity P/E Fund (Dividend Trigger Option A-5%) and Tata Equity P/E Fund (Dividend Trigger Option B-10%) on the face value of Rs. 10 per unit. The quantum of dividend will be Rs. 1 per unit for Tata Equity P/E Fund (Dividend Trigger Option A-5%) and Rs. 2 per unit for Tata Equity P/E Fund (Dividend Trigger Option B-10%).

News Source - INDIA INFOLINE.



GENERAL

6.Asset base: Equity funds hold up; gold flows recede.

Data on assets under management (AUM) from the AMFI showed that equity fund assets rose in the quarter ended March, while inflows into gold funds flagged. The January to March quarter this fiscal saw the equity fund AUMs increase by 12 per cent, as investors continued to put money in SIPs. “The last time when the markets saw a decline, a lot of SIPs were stopped. However, this time around investors have stuck around and are holding on to their investments which is a good sign”, said Mr Renjith.

In contrast, after seeing good inflows in the first three quarters of the fiscal, Gold ETFs saw waning interest in the quarter ended March. Analysts say that inflows into these funds decreased substantially as gold prices have remained static and in a range in this period. But fund houses hope the inflows may revive in April.

News Source - BUSINESS LINE.

NEW FUND LAUNCH

7.LIC Nomura MF Launches 90 Days Fixed Maturity Plan.

LIC Nomura Mutual Fund has launched a new fund named as LIC Nomura MF Fixed Maturity Plan – Series 50, a close ended income scheme with the duration of 90 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 10 April and close on 11 April 2012. The units of the scheme will be listed on National Stock Exchange of India, in order to provide liquidity.

News Source - INDIA INFOLINE.

DIVIDEND

8.UTI FMP Yearly Series March 2011 & UTI Fixed Term Income Fund-Series IX-II: Dividend Declaration.

UTI Mutual Fund has announced dividend under the dividend option of UTI FMP Yearly Series March 2011 & UTI Fixed Term Income Fund-Series IX-II. The quantum of dividend will be 100% of the distributable surplus as on the record date. The record date has been fixed as April 16, 2012.

News Source - VALUE RESEARCH.

9.Peerless Mutual Fund declares 0.1241% dividend for “Peerless Ul”.

Peerless Mutual Fund has declared 0.1241 per cent dividend under monthly dividend payout option scheme named as “Peerless Ultra Short Term Fund – Super Institutional Plan”, on the face value of Rs 10 per unit. The record date for the dividend was April 9, 2012. The NAV of scheme as on April 10, 2012 was at Rs 10.092.

News Source - SHAREKHAN.

Latest Indian Mutual Fund News | 12-Apr-2012
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