Latest Indian Mutual Fund News | 22-Feb-2013

DIVIDEND

1.DWS Fixed Maturity Plan Series 5 declares dividend

Deutsche Mutual Fund has declared dividend under the dividend option of DWS Fixed Maturity Plan Series 5. The record date for dividend is February 26, 2013. The gross dividend rate will be 100% of distributable surplus on the face value of Rs 10 per unit. 

The fund house has fixed February 26, 2013 as the record date for the purpose of determining the eligible unit holders of the scheme who would be entitled to the maturity/redemption proceeds on the maturity date of the scheme. The trading of the units which are listed on the NSE will be automatically suspended with effect from February 25, 2013. 

News Source – INDIAN COMMODITY.

 

NEW FUND LAUNCH

2.LIC Nomura MF Launches 375 Days Fixed Maturity Plan. NFO remains open only on 21 February 2013

LIC Nomura Mutual Fund has launched a new fund named as LIC Nomura MF Fixed Maturity Plan – Series 54, a close ended income scheme with the duration of 375 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription only on 21 February 2013. The units of the scheme will be listed on National Stock Exchange of India, in order to provide liquidity. 

The investment objective of the scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before the date of the maturity of the scheme. 
The scheme offers two options viz. growth and dividend payout option. 
The scheme would allocate upto 50%-100% of assets in debt and 50% of the asset would be invested in Money Market instruments with low to medium risk profile. Debt includes securitized debt upto 50%. 
95% 100% of net assets would be invested in A1 rated certificate of deposits and upto 5% would be invested in any other securities such as Government Securities / Treasury Bills / CBLO / Reverse Repos Repos (in G-Sec / T-Bill). 
Entry and exit load charge will not be applicable for the scheme. 
The minimum application amount is Rs 10000 and in multiple of Rs 1 thereafter. 
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

News Source – INDIA INFOLINE.



 

 

3.Tata Fixed Maturity Plan Series 42 Floats On. NFO is from 21 February to 25 February 2013

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 42 Scheme A, a close-ended debt scheme with the duration of 370 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue which is open for subscription from 21 February will close on 25 February 2012. 

The investment objective of each scheme is to generate income and / or capital appreciation by investing in wide range of Debt and Money Market instruments having maturity in line with the maturity of the respective schemes.
The scheme offers growth option and periodic dividend option (payout). 
The schemes shall invest upto 100% of assets in debt and money market instruments with low to medium risk profile. 
Exposure to domestic securitized debt would be 20% of the net assets. No investments would be made in foreign securitized debt. 
The minimum application amount is Rs 10,000. 
The fund seeks to collect a minimum subscription amount of Rs 40 crore under the scheme during the NFO period. 
Entry and exit load charge for the scheme will be nil.

News Source – INDIA INFOLINE.

 

 

4.JPMorgan MF Launches Fixed Maturity Plan – Series 15. NFO remains open for subscription only on 21 February

JPMorgan Mutual Fund has launched a new fund named as JPMorgan India Fixed Maturity Plan – Series 15, 412 years close ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription only on 21 February 2013. 

The investment objective of the scheme is to generate income through investments in Debt / money market instruments and Government of India Securities maturing on or before the maturity date of the scheme. 
The scheme offers two options viz. growth and dividend (payout) option. 
The scheme would allocate upto 30% of assets in money market instruments with low risk profile. 70% to 100% of assets in debt securities and Government of India (GoI) securities with low to medium risk profile. The net assets of the scheme will be invested in debt securities, money market instruments and GoI Securities maturing on or before the maturity date of the scheme. 
25% to 30% of net assets would be invested in AA rated Certificate of Deposits, 70% to 75% in AA rated non-convertible debentures. 
Entry and exit load charge will be Nil for the scheme. 

News Source – NAV INDIA.

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