Latest Indian Mutual Fund News | 26-Jan-2013

SEBI / AMFI

1.JP Morgan MF files offer document with SEBI for Emerging Markets Opportunities Equity Offshore Fund

JPMorgan Mutual Fund filed offer document with SEBI to launch JPMorgan Emerging Markets Opportunities Equity Offshore Fund, an open ended fund of funds schemes. The New Fund Offer price is Rs 10 per unit. Entry load charge will be nil for the scheme and exit load will be 1.00% if redeemed within 12 (twelve) months from the date of allotment of units. The scheme offers growth option. The scheme seeks to collect a Minimum Target Amount of Rs 10 crore.

News Source – LIVE MINT.

 

NEW FUND OFFER

2.Baroda Pioneer MF files offer document with SEBI for Diversified Equity Fund

Baroda Pioneer Mutual Fund files offer document with SEBI to launch Baroda Pioneer Diversified Equity Fund, an open ended growth schemes. The New Fund Offer price is Rs 10 per unit. Entry load charge will be nil for the scheme and exit load will be 1.00% if redeemed on or before 365 days from the date of allotment of units. The scheme offers dividend payout and growth option. The scheme seeks to collect a Minimum Target Amount of Rs 10 crore.

News Source – INDIAN COMMODITY.

 

DIVIDEND

3.IDBI Mutual Fund announces dividend under various schemes

IDBI Mutual Fund has announced 30 January 2013 as the record date for declaration of dividend under quarterly dividend sub option of IDBI Monthly Income Plan-Regular & Direct and IDBI Dynamic Bond Fund. The amount of dividend on the face value of Rs 10 per unit will be Rs 0.18 per unit under each scheme and each plan. 

News Source – NAV INDIA.



 

GENERAL

4.Mutual funds continue selling

Mutual funds (MFs) sold shares worth a net Rs 216.30 crore on Wednesday, 23 January 2013, compared with outflow of Rs 262.10 crore on Tuesday, 22 January 2013.The net outflow of Rs 216.30 crore on Wednesday, 23 January 2013, was a result of gross purchases Rs 435 crore and gross sales Rs 651.20 crore. The BSE Sensex had advanced 45.04 points or 0.23% to settle at 20,026.61 on that day, its highest closing level since 21 January 2013. 

News Source – NAV INDIA.

 

5.LIC Liquid Fund gets 'IND A1+mfs' rating

India Ratings has assigned 'IND A1+mfs' rating on LIC Liquid Fund. This fund is managed by LIC Mutual Fund Asset Management Company. According to India Ratings, the rating reflects its minimal exposure to interest rate risk and spread risk and the fund's low portfolio credit factor, which is a measure of the credit quality and maturity profile of the portfolio securities. It also reflects the AMC's efficient investment practices and management controls, said a release from the rating agency.

News Source – THE HINDU BUSINESSLINE.

 

NEW FUND LAUNCH

6.Reliance MF Floats Reliance Fixed Horizon Fund – XXIII – Series 1 – NFO Period from 06 February to 11 February 2013

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXIII – Series 1, a close ended income scheme with the duration of 468 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 06 February and will close on 11 February 2013. 

News Source – NAV INDIA.

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