NEW FUND OFFER

1.UTI MF files document to launch 'UTI Regular Income Scheme'.

UTI Mutual Fund has filed an offer document with SEBI to launch a new open ended income scheme named 'UTI Regular Income Scheme'. 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, but the exit load charge will be applicable. The exit load of 1 per cent will be charged if scheme redeemed within 1 year from the date of allotment, or else nil. The minimum application amount was Rs 5, 000 and in multiple of Rs 1 thereafter. The two options were available under the Plan of the Scheme viz. Growth and Dividend option only.

News Source – SHAREKHAN.

 

DIVIDEND

 

2.Axis MF announces dividend under 'Axis Banking Debt Fund'.

 

Axis Mutual Fund has announced a dividend of 0.7328 per cent under monthly dividend payout option scheme named as 'Axis Banking Debt Fund', on the face value of Rs 1,000 per unit. The record date for the dividend was July 24, 2012. The NAV of scheme as on July 25, 2012 was at Rs 1,000.3682.

News Source – SHAREKHAN.

 

GENERAL

 

3.Day trading on regulators radar.

 

Day trading in financial markets is posing regulatory challenges, and the capital market and commodity futures market regulators are considering a higher degree of rules on these. The global body of regulators, The International Organization of Securities Commissions (IOSCO), had recently conducted a survey of emerging economies' financial market regulators. It had concluded there was a need for regulating day trading activity in a better way, as unregulated or loosely regulated day trading could pose several challenges. In the equity market, proper compliance with margin deposit rules by day traders could solve some problems.

News Source – BUSINESS STANDARD.

 

NEW FUND LAUNCH

 

4.Reliance MF Floats Reliance Fixed Horizon Fund – XXII – Series 20.

 

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXII – Series 20, a close ended income scheme with the duration of 369 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 3 August and will close on 6 August 2012. The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. The scheme offers two options viz. growth and dividend payout option. Reliance Fixed Horizon Fund – XXII – Series 20 will allocate 40% to 100% of assets in Money Market Instruments with low risk profile. On the other side it would allocate up to 60% of assets in Government Securities & debt instruments with low to medium risk profile. 40% to 45% of net assets would be invested in AAA/A1+ rated commercial papers and 55% to 60% of net assets would be invested in AA rated commercial papers. The minimum application amount is Rs. 5000 and in multiples of Rs. 1 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs. 20 crore under the scheme during the NFO period. Entry and exit load charge will be nil for the scheme.

News Source – INDIAINFOLINE.



 

GENERAL

 

1.Reliance MF to revise exit load of Short Term Fund.

 

Reliance Mutual Fund has decided to revise the exit load of Reliance Short Term Fund, with effect from August 10, 2012. Accordingly, the exit load charge will be 0.50% of applicable NAV if redeemed / switched out on or before completion of 6 months from the date of allotment of units. If redeemed after 6 months from the date of allotment of units, the exit load will be Nil. Reliance Short Term Fund is an open ended income scheme. The primary objective of the scheme is to generate stable returns for investors with a short-term investment horizon by investing in fixed income securities of a short-term maturity.

News Source – MONEYCONTROL.

 

 

2.Reliance Mutual Fund Announces Change In Face Value.

 

Reliance Mutual Fund has announced change in face value per unit of Reliance Liquidity Fund, Reliance Liquid Fund – Treasury Plan and Reliance Liquid Fund – Cash Plan. Accordingly, the face value per unit of all options / plans under the schemes will be changed from Rs. 10 per unit to Rs. 1,000 per unit. The changes will be effective from 5 August 2012.

News Source – INDIAINFOLINE.

 

 

3.Reliance MF Introduces SIP Facility Under Reliance Short Term Fund.

 

Reliance Mutual Fund has introduced Systematic Investment Plan (SIP) facility under Reliance Short Term Fund, with effect from 27 July 2012.Accordingly, minimum investment amount for investing SIP route is as follows:
A) Rs. 100 per month and in multiples of Re.1 thereafter for minimum 60 months.
B) Rs. 500 per month and in multiples of Re.1 thereafter for minimum 12 months.
C) Rs. 1000 per month and in multiples of Re.1 thereafter for minimum 6 months.
D) Rs. 500 per quarter and in multiples of Re.1 thereafter for minimum 12 quarters.
E) Rs. 1500 per quarter and in multiples of Re.1 thereafter for minimum 4 quarters.

News Source – INDIAINFOLINE.

 

 

4.Reliance MF Announces Change In Dividend Record Date Under Reliance Interval Fund.

 

Reliance Mutual Fund has decided to change in the dividend record date under Reliance Interval Fund, with effect from 27 July 2012. Accordingly, the dividend record dates shall be both, i.e. the first & second day of the specified transaction period for each of the schemes of RIF.

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 28-July-2012
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