Latest Indian Mutual Fund News | 30-Jan-2013

GENERAL

1.Canara Robeco Dynamic Bond Fund announces change in exit load with effect from 29 January 2013

Canara Robeco Mutual Fund has announced change in exit load under Canara Robeco Dynamic Bond Fund, with effect from 29 January 2013. Accordingly, the revised exit load will be 0.50% if redeemed/switched out within 6 months from the date of allotment and nil if redeemed/switched out after 6 months from the date of allotment.

News Source – NAV INDIA.

 



2.Mutual funds step up selling – Outflow of Rs 351.10 crore on 28 January 2013

Mutual funds (MFs) sold shares worth a net Rs 351.10 crore on Monday, 28 January 2013, higher than outflow of Rs 198 crore on Friday, 25 January 2013. The net outflow of Rs 351.10 crore on Monday, 28 January 2013, was a result of gross purchases Rs 422.20 crore and gross sales Rs 773.30 crore. The BSE Sensex settled almost unchanged at 20,103.35 on that day. 

Mutual funds have sold shares worth net Rs 3880.90 crore in January 2013 so far (till 28 January 2013). 

News Source – NAV INDIA.

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