NEW FUND OFFER

1.Axis Infrastructure Debt Fund – Series 1 files offer document with Sebi.

Axis Mutual Fund has filed offer document with Sebi to launch Axis Infrastructure Debt Fund – Series 1, a close ended debt scheme. The New Fund Offer price is Rs 10,00,000 per unit. The tenure of the scheme will be 5 to 15 years.

News Source – NAVINDIA.

 

DIVIDEND

 

2.UTI MF Declares Dividend For Fixed Maturity Plan – Yearly Series (YFMP 05/11).

 

UTI Mutual Fund has announced 18 June 2012 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option of UTI-Fixed Maturity Plan-Yearly Series (YFMP 05/11).



News Source – NAVINDIA.

 

GENERAL

 

3.Reliance Capital gets SEBI approval for 26% stake sale in RCAM.

 

Reliance Capital today announced that it has received SEBI approval for its proposed 26 per cent stake sale in Reliance Capital Asset Management (RCAM), which is the most profitable fund house in the country. The company had earlier this year signed final agreements with Nippon Life Insurance to sell 26 per cent stake in RCAM. As per this deal, Nippon Life will invest an aggregate value of Rs 1,450 crore to acquire 26 per cent strategic stake in RCAM. Approval for the stake sale has also been received from the Monetary Authority of Singapore, Reliance Capital said in a filing with the Bombay Stock Exchange. The Reserve Bank of India, Competition Commission of India, Pension Fund Regulatory and Development Authority have already given their nod for the proposed stake sale, according to Reliance Capital.

News Source – THE HINDU.

Latest Indian Mutual Fund News | 14-June-2012
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