SEBI / 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 – Business Standard

 

GENERAL

 

2.Mutual Funds offering combo schemes to woo investors with plans that invest in gold, debt & equities.

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

 

 

3.Kotak MF Announces Change of Name.

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

 

 

4.Indiabulls Mutual Fund To Revise Exit Load Structure Of Indiabulls Ultra Short Term Fund.

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

 

5.Reliance MF Floats Reliance Fixed Horizon Fund – XXII – Series 13.

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 – Indiainfoline

Latest Indian Mutual Fund News | 28-June-2012
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