NEW FUND OFFER

1.Reliance MF files 'R*Shares CNX 100 Fund' with SEBI.

Reliance Mutual Fund filed a new open ended index exchange traded fund scheme named 'HDFC FMP 371D November 2012 (2)', with maturity of 371 days, with Securities and Exchange Board of India (SEBI). 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 and exit load is not applicable implying that the scheme will be listed on Stock Exchange. Investors shall note that the brokerage on sales of the units of the Schemes on the stock exchanges shall be borne by the investors. The scheme offers two option viz. Growth and Dividend. The minimum application amount was Rs 5,000 and thereafter in the multiple of Re 1. The scheme will be standardized against CNX 100 Index.

News Source – REDIFF MONEY.

 

DIVIDEND

2.Reliance MF announces dividend under 'Reliance Medium Term Fund'.

Reliance Mutual Fund has announced 0.1665 per cent dividend under weekly dividend payout option of scheme named as 'Reliance Medium Term Fund', on the face value of Rs 10 per unit. The record date for the dividend is November 20. The NAV of scheme as on November 21, 2012 was Rs 10.42. The Investment objective of 'Reliance Medium Term Fund', an open ended debt short term scheme, was to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.

News Source – REDIFF MONEY.

 

3.Tata MF announces dividend under 'Tata Floater Fund'.

Tata Mutual Fund has announced 0.1044 per cent dividend under weekly dividend payout option of scheme named as 'Tata Floater Fund', on the face value of Rs 1000 per unit. The record date for the dividend is November 20. The NAV of scheme as on November 21, 2012 was Rs 1,003.56. The Investment objective of 'Tata Floater Fund', an open ended debt floaters scheme, was generate stable returns with a low interest rate risk strategy by creating a portfolio that is predominantly invested in good quality floating rate debt instruments, money market instruments and in fixed rate debt instruments which can also be swapped for floating rate returns.



News Source – REDIFF MONEY.

 

4.Religare MF Announces Dividend Under Religare Fixed Maturity Plan – Series X – Plan E (371 Days).

Religare Mutual Fund has announced 27 November 2012 as the record date for declaration of dividend under the dividend option of Religare Fixed Maturity Plan-Series X-Plan E (371 Days). The amount of dividend per unit on the face value of Rs 10 per unit will be entire distributable surplus as on the record date.

News Source – INDIAINFOLINE.

 

GENERAL

5.SEBI relaxes HFCs exposure limit in debt funds.

Capital market regulator SEBI (Securities and Exchange Board of India) on Monday relaxed the investment limit for housing finance companies (HFCs) in debt mutual funds. The total investment in the housing finance companies should not exceed 30% of the net assets of the scheme.SEBI also mentioned that the relaxation would be subject to conditions such as the securities should be rated 'AA' or above issued by HFCs and HFCs should also be registered with the National Housing Bank (NHB). The decision to relax investment limit is taken because of the important role played by the HFCs in fulfilling the social objective of increasing the home ownership and increased number of construction of new homes.

News Source – INDIAINFOLINE.

Latest Indian Mutual Fund News | 24-Nov-2012
Rate this post