Latest Indian Mutual Fund News | 23-Feb-2013

 

NEW FUND OFFER

 

1.LIC Nomura MF Extends the NFO of two Schemes

 

LIC Nomura Mutual Fund has announced the extension of NFO of LIC Nomura MF RGESS Fund Series from February 25, 2013 to March 8, 2013. Moreover, the NFO of LIC Nomura MF FMP 54 (375D) has been extended by one day to February 22, 2013.

News Source – VALUERESEARCHONLINE.

 

 

 

 
2.Deutsche MF introduces Banking and PSU Debt fund

 

Deutsche Mutual Fund has launched the New Fund Offer (NFO) of DWS Banking and PSU Debt fund, a close ended income scheme. The NFO opens for subscription on February 22, 2013 and closes on March 5, 2013. No entry load will be applicable for the scheme; exit load will be 0.5%, if redeemed/exited within 3 months of allotment. The minimum subscription amount is Rs 5,000 per application and in multiples of Rs 1 thereafter.

News Source – INDIAN COMMODITY.

 

 

 

DIVIDEND

 

3.Reliance FHF XXI Series 8: Dividend Declaration

 

Reliance Mutual Fund has announced dividend under the dividend option of Reliance FHF XXI Series 8. The quantum of dividend shall be the entire distributable surplus as on record date. The record date has been fixed as February 25, 2013.


 

News Source – VALUERESEARCHONLINE.



 

 

 

NEW FUND LAUNCH

 

4.Morgan Stanley Fixed Maturity Plan Series I [Plan 1 to 3] files offer document with Sebi

 

Morgan Stanley Mutual Fund has filed offer document with Sebi to launch Morgan Stanley Fixed Maturity Plan Series I [Plan 1 to 3], a close-ended debt scheme. The New Fund Offer price is Rs 10 per unit. The Plans will have tenure of 3 months to 40 months from the date of allotment of the respective Plan (including the date of allotment). 

 

Investment objective: To generate returns through a portfolio of debt and money market instruments that is maturing on or before the maturity of the respective plan(s). 
Options: Each Fixed Maturity Plan will have Regular and Direct Plan which will offer Dividend and Growth options. The Dividend Option will have only Reinvestment facility/option. 
For Plans with maturity of 3 months- CRISIL Liquid Fund Index 
For Plans with maturity of more than 3 months upto 40 months – CRISIL Short Term Bond Fund Index. 

 

News Source – NAV INDIA.

 

 

 

 
5.UTI Fixed Term Income Sr XIV-II (366D): Launch of scheme

 

UTI Mutual Fund has announced the launch of UTI Fixed Term Income Sr XIV-II (366D). The NFO shall open on February 21, 2013 and close on February 25, 2013.

 

The scheme shall mature on February 27, 2014.

 

News Source – VALUERESEARCHONLINE.

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