Latest Indian Mutual Fund News | 28-June-2012
SEBI / AMFI
The Securities and Exchange Board of India (Sebi) on Tuesday made relaxations to the offer for sale (OFS) and institutional placement programme (IPP) mechanisms to help companies smoothly conduct share-sales to achieve the required minimum 25 per cent public shareholding requirement.
News Source – Business Standard
Weak markets are making fund houses look at new ways to generate investor interest in products. The latest attraction is a combo deal – schemes that invest in gold, debt and equities. Also, they are betting big on US markets to reap the advantages of the falling rupee.This comes at a time when the net asset values (NAVs) of multiple asset funds, which invest in gold, debt and equity, have hit their 52-week highs and funds with direct or indirect exposure to stocks of USbased companies have made handsome gains.
News Source – Economic Times
Kotak Mutual Fund has approved the change of name of Kotak Credit Opportunities Fund to Kotak Income Opportunities Fund. The changes will be effective from 9 July 2012.
News Source – Indiainfoline
Indiabulls Mutual Fund has decided to revise the exit load structure of Indiabulls Ultra Short Term Fund, an open ended debt scheme. The changes with effect from 26 June 2012. Accordingly, the exit load charge is 0.50% if redeemed/switched out within 3 months from the date of allotment. The investment objective of the scheme is to provide liquidity with returns commensurate with low risk through a portfolio of money market and debt securities.
News Source – Indiainfoline
NEW FUND LAUNCH
Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXII – Series 13, a close ended income scheme with the duration of 366 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 be open for subscription from 26 June and will close on 5 July 2012.
News Source – Indiainfolinehttps://www.investmentkit.com/articles/2012/06/latest-indian-mutual-fund-news-28-june-2012/https://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpeghttps://www.investmentkit.com/articles/wp-content/uploads/2011/09/news.jpegMutual FundsIndiabulls Ultra Short Term Fund,Kotak Credit Opportunities Fund,Kotak Income Opportunities Fund,kotak mutual fund,mutual fund,New Fund Offer,reliance mutual fund,Sebi,securities and exchange board of indiaSEBI / AMFI 1.SEBI relaxes rules for share sales.The Securities and Exchange Board of India (Sebi) on Tuesday made relaxations to the offer for sale (OFS) and institutional placement programme (IPP) mechanisms to help companies smoothly conduct share-sales to achieve the required minimum 25 per cent public shareholding requirement.News Source...Admin[email protected]AdministratorInvestmentKit Articles
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