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1.Birla Sun Life MF launches Birla Sun Life Fixed Term Plan – Series FT (367 days); NFO to close on August 2

 



Birla Sun Life Mutual Fund launched a new close ended income scheme named �Birla Sun Life Fixed Term Plan – Series FT (367 days),� with maturity time of 367 days. The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription today and will close on August 2, 2012. According to the offer document filed with SEBI, the entry load was nil and since the scheme was planned to be listed on the 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.

News Source – REDIFFMONEY

 

 

2.Reliance MF introduces Reliance Fixed Horizon Fund – XXII – Series 16

 

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund – XXII – Series 16, a close ended income scheme.The NFO opens for subscription on July 27, 2012 and closes on August 2, 2012. No entry load or exit load will be applicable for the scheme.The minimum subsciption amount is Rs. 5,000 and multiples of Rs. 1 thereafter.

News Source – INDIAN-COMMODITY

 

DIVIDEND

 

3.Deutsche MF declares dividend under DWS Premier Bond Fund – Regular Plan

 

Deutsche Mutual Fund has declared a dividend of 0.4405 per cent under monthly dividend payout option scheme named as �DWS Premier Bond Fund – Regular Plan�, on the face value of Rs 10 per unit. The record date for the dividend was July 27, 2012. The NAV of scheme as on July 27, 2012 was at Rs 12.8582. The investment objective of 'DWS Premier Bond Fund – Regular Plan', an open ended debt income scheme, was to provide regular income by investing in debt securities including debt and money market instruments.

News Source – REDIFFMONEY

 

 

4.Deutsche MF announces dividend under "DWS Money Plus Fund"

 

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Deutsche Mutual Fund has announced a dividend of 0.1522 per cent under weekly dividend payout option scheme named as �DWS Money Plus Fund�, on the face value of Rs 10 per unit. The record date for the dividend was July 27, 2012. The NAV of scheme as on July 27, 2012 was at Rs 10.1742. The investment objective of 'DWS Money Plus Fund', an open ended debt short-term scheme, was to generate steady return by investing in debt and money market securities across the credit spectrum. The portfolio will be invested in money market instruments and investment grade debt securities with an aim to preserve capital and offer higher return and moderate liquidity over a short-medium term.

News Source – REDIFFMONEY

 

 

5.Edelweiss MF announces dividend under "Edelweiss Absolute Return Fund"

 

Edelweiss Mutual Fund has announced a dividend of 1.8000 per cent under dividend payout option scheme named as �Edelweiss Absolute Return Fund�, on the face value of Rs 10 per unit. The record date for the dividend was July 27, 2012. The NAV of scheme as on July 27, 2012 was at Rs 10.88. The investment objective of 'Edelweiss Absolute Return Fund', an open ended equity diversified scheme, was to generate absolute returns with low volatility over a longer tenure of time. The scheme will accordingly invest in arbitrage opportunities and debt and money market instruments on the one hand and in pure equity investments and equity derivatives strategies on the other.

News Source – REDIFFMONEY

 

 

6.Declaration of dividend under LIC Nomura MF Fixed Maturity Plan – Series 48

 

LIC Nomura Mutual Fund declared dividend on the face value of Rs 10 per unit under the dividend option of LIC Nomura MF Fixed Maturity Plan – Series 48. The record date for dividend is July 31, 2012. The quantum of dividend will be entire distributable surplus as on the record date. The scheme recorded NAV of Rs 10.9433 per unit as on July 20, 2012.

News Source – INDIAN-COMMODITY

 

NEW FUND OFFER

READ  Latest Indian Mutual Fund News | 26-Dec-2013

 

7.DSP BlackRock MF files offer document with SEBI for Dual Advantage Fund

 

DSP BlackRock Mutual Fund files offer document with SEBI to launch DSP BlackRock Dual Advantage Fund – Series 11 to 15, close ended income schemes. The New Fund Offer price is Rs 10 per unit. Entry and exit load charges will be nil for the scheme. The scheme offers dividend payout and growth option. The scheme seeks to collect a Minimum Target Amount of Rs 20 crore. The scheme will be benchmarked against CRISIL Blended MIP Index. The minimum application amount is Rs 5000 and in multiple of Rs 1 thereafter. 

News Source – INDIAN COMMODITY

 

GENERAL

 

8.Gilt Funds outshine across Mutual Fund categories

 

The latest CRISIL Mutual Fund Rankings released for the quarter ended June 2012 revealed that gilt funds were the best performers across the twenty two mutual fund categories that were ranked. Despite giving superior returns, the growth in assets under management (AUM) of these funds was negative. Gilt funds returned 3.1% over the quarter, outperforming both equity and other debt oriented categories. This was mainly on account of the softening of yields on the back of the Reserve Bank of India (RBI) reducing the repo rate by 50 basis points (bps) to 8 per cent in its Annual Monetary Policy for 2012-13 in April 2012.

News Source – MONEY CONTROL

 

 

9.Quantum MF on profitable path amid industry woes

 

Quantum Mutual Fund, one of the smallest fund houses in India, with assets under management of barely Rs 200 crore, has bucked the sectoral trend and emerged as a consistent profit-making house. It is set to remain in the black in the year ended June as well. At a time when the fund industry continues to struggle, Quantum's low-cost-model and zero dependence on distributors makes it stand apart from peers. 

News Source – BUSINESS STANDARD

 

 

10.Arbitrage funds outperform short term bond funds & liquid funds

 

Arbitrage funds as a category has beaten the short term bond funds and liquid funds. Over last three months ended 30 th July 2012, arbitrage funds as a category have posted 2.51% says Value Research, a mutual fund tracking entity. Over the same period of time short term bond funds have posted 2.48% and ultra short term bond funds have given 2.4%.

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News Source – THE ECONOMIC TIMES

 

 

11.Canara Robeco MF Announces Change In Key Personnel

 

Canara Robeco Mutual Fund has announced that M. Paparao has been appointed as Investment Relation Officer (IRO) of Canara Robeco Asset Managemenet Company Limited, with effect from 1 August 2012. He is aged 47 years and holds Bcom, MBA as his educational qualification

News Source – INDIA INFOLINE

 

 

12.Principal MF Announces Appointment of Key Personnel

 

Principal Mutual Fund has announced that Bekxy Kuriakose, Head – Fixed Income has been designated as the Key Personnel of Principal Pnb Asset Management Company Limited, with effect from 10 July 2012. She is aged 33 years and holds B.A. (Honours) in Economics, PGDM (IIM Bangalore) as her educational qualification

News Source – INDIA INFOLINE

 

 

13.JP Morgan India Focus Fund files offer document with Sebi

 

JPMorgan Mutual Fund has filed offer document with Sebi to launch JPMorgan India Focus Fund, an open ended equity growth scheme. The New Fund Offer price is Rs. 10 per unit. The investment objective of the Scheme is to seek to generate income and long-term capital growth by investing primarily in a portfolio of Equity and Equity related Securities of companies, depending upon their growth prospects and valuation.

News Source – NAV INDIA

Latest Indian Mutual Fund News | 01-Aug-2012
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