Latest Indian Mutual Fund News | 16-Oct-2012


1.Franklin Templeton MF declares dividend under 'Franklin Infotech Fund.'

Franklin Templeton Mutual Fund has declared 10.0000 per cent dividend under weekly dividend payout option of scheme named as 'Franklin Infotech Fund', on the face value of Rs 10 per unit. The record date for the dividend was October 12. The NAV of scheme as on October 12, 2012 was Rs 17.64. The investment objective of 'Franklin Infotech Fund', an open ended equity sector scheme, was to provide long term capital appreciation by investing primarily in Information Technology industry.

News Source – REDIFF MONEY.


2.Amfi sets up committee to recommend on pension products.

In a bid to lure investor's for long-term investment, the Association of Mutual Funds in India (Amfi) in collaboration with some trade association has started working on model to launch pension scheme products by mutual fund houses. The AMFI has formed a committee which will give its recommendation on pension scheme and will help fund houses to compete with both the government's New Pension Scheme (NPS) and pension plans from insurance companies. The committee in its initial recommendation has asked the fund houses to offer cost-effectiveness and higher returns pension products just like government's New Pension Scheme (NPS).

News Source – REDIFF MONEY.



3.Axis MF introduces Capital Protection Oriented Fund – Series 5.

Axis Mutual Fund has launched the New Fund Offer (NFO) of Axis Capital Protection Oriented Fund – Series 5, a close ended income scheme. The NFO opens for subscription on October 15, 2012 and closes on October 29, 2012. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5000 & multiple of Rs. 10.



4.Franklin Templeton MF launches 'Franklin Templeton Fixed Tenure.'

Franklin Templeton Mutual Fund launched a new close ended income scheme named 'Franklin Templeton Fixed Tenure Fund – Series XVII (FTFTF – XVII),' with maturity time of 42 months. The New Fund Offer (NFO) price for the scheme was Rs 10 per unit. NFO opened for subscription on October 13 and will also close on October 27. According to the offer document filed with SEBI, the entry is nil and exit is not applicable, implying that the scheme will be listed on NSE or any other recognized Stock Exchange. The minimum application amount was Rs 10,000. The asset allocation of scheme will be in such a way that the objective of the scheme to provide investors returns along with capital appreciation through equity exposure, will be met.

News Source – SHAREKHAN.

Latest Indian Mutual Fund News | 16-Oct-2012
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