Latest Indian Mutual Fund News | 07-Feb-2013

NEW FUND OFFER

1.Reliance MF introduces Fixed Horizon Fund – XXIII – Series 1

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund – XXIII – Series 1, a close ended income scheme. The NFO opens for subscription on February 6, 2013 and closes on February 11, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000 and multiples of Rs. 1 thereafter.

The scheme's performance will be benchmarked against Crisil Short Term Bond Fund Index and its fund manager is Amit Tripathi.
The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of the following securities which are maturing on or before the date of maturity of the scheme with the object of limiting interest rate volatility – Central and State Government securities and Other fixed income/ debt securities.

News Source – INDIAN COMMODITY.

 

2.Religare Fixed Maturity Plan – Series XVIII – Plan A to F Files Offer Document With Sebi

Religare Mutual Fund has filed offer document with Sebi to launch Religare Fixed Maturity Plan – Series XVIII – Plan A to F, a close-ended debt scheme. The New Fund Offer price is Rs 10 per unit. The tenure of the scheme will be 1 month to 60 months from the date of allotment. 

Investment objective: The investment objective of the Scheme(s) is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme 
Options: The respective Series under the Scheme offers Regular Plan and Direct Plan. Both Regular Plan and Direct Plan offer Growth Option and Dividend Payout Option. 
Benchmark: For Plans having maturity upto 3 months / 91 days: CRISIL Liquid Fund Index. 

News Source – INDIAN INFOLINE.

 

 

3.BOI AXA Fixed Maturity Plan – Series 1 to 6 Files Offer Document With Sebi

BOI AXA Mutual Fund has filed offer document with Sebi to launch BOI Axa Fixed Maturity Plan – Series 1 to 6, a close-ended income scheme. The New Fund Offer price is Rs 10 per unit. The tenure of the scheme will be 3 month to 24 months from the date of allotment. 

Investment objective: The investment objective of the Scheme(s) is to generate income by investing in a portfolio of fixed income and money market instruments maturing on or before the maturity date of the respective Scheme. 
Options: The respective Series under the Scheme offers Regular Plan and Direct Plan. Both Regular Plan and Direct Plan offer Growth Option and Dividend Payout Option. 
Benchmark: For Schemes having maturity of upto 3 months: CRISIL Liquid Fund Index 
For Schemes having maturity of more than 3 months: CRISIL Short Term Bond Fund Index 
Loads: Entry and exit load are nil 
Minimum Application Amount: Minimum initial investment is Rs.5000/- per application and in multiples of 1/- thereafter. 
Minimum Target Amount: Rs 20 crore



News Source – INDIAN INFOLINE.

 

 

DIVIDEND

4.UTI-Fixed Term Income Fund- Series X – VII (368 Days) announces dividend- Record date for dividend is 11 February 2013

UTI Mutual Fund has announced 11 February 2013 as the record date for declaration of dividend under the dividend option of UTI-Fixed Term Income Fund- Series X – VII (368 Days). The quantum of dividend will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit. 

News Source – INDIAN INFOLINE.

 

GENERAL

5.Templeton India Income Builder Account announces change in exit load.With effect from 08 February 2013

Franklin Templeton Mutual Fund has announced change in exit load under Templeton India Income Builder Account scheme, effective 08 February 2013. Accordingly, the revised exit load will be 0.50% if redeemed within 1 year of allotment in respect of each purchase of units. 

All prior investments continue to be subject to the load structure applicable at the time of the respective investment.

News Source – INDIAN INFOLINE.

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