Latest Indian Mutual Fund News | 26-Feb-2013

NEW FUND OFFER

1.Religare FMP Series XVII Plan C: Extension of NFO

Religare Mutual Fund has announced the extension of new fund offer of Religare FMP Series XVII Plan C. The offer shall close on February 28, 2013 instead of February 25, 2013.

News Source – VALUE RESEARCH ONLINE.

 

DIVIDEND

2.Tata Mutual Fund: Dividend Declaration

Tata Mutual Fund has announced dividend under the dividend option of Tata Fixed Income Portfolio Scheme B2 Plan A-DQ and Fixed Income Portfolio Scheme B2 Reg-DQ. The quantum of dividend shall be the entire returns generated between November 29, 2012 to February 28, 2013.

News Source – VALUE RESEARCH ONLINE.

 

3.UTI Fixed Term Income Sr X-X (367D): Dividend Declaration

UTI Mutual Fund has announced dividend under the dividend option of UTI Fixed Term Income Sr X-X (367D). The quantum of dividend shall be the entire distributable surplus as on record date. 

The record date has been fixed as March 01, 2013.

News Source – VALUE RESEARCH ONLINE.

 

4.Reliance Equity Opportunities Fund announces dividend. Record date for dividend is 01 March 2013

Reliance Mutual Fund has announced 01 March 2013 as the record date for declaration of dividend under Reliance Equity Opportunities Fund. The amount of dividend on the face value of Rs 10 per unit will be Rs 2.50 per unit under dividend plan of the scheme and Rs 4 per unit under institutional plan-dividend plan of the scheme. 

News Source – NAV INDIA.

 

GENERAL

5.MIRAE ASSET MUTUAL FUND REVISES EXIT LOAD UNDER MIRAE ASSET ULTRA SHORT TERM BOND FUND (ON FEB 25 , 2013)



Mirae Asset Mutual Fund has announced a change in the exit load of Mirae Asset Ultra Short Term Bond Fund. Accordingly, a load of 0.50% would be charged if units are redeemed within 75 days from the allotment date and nil for exit after 75 days from the date of allotment. The revised exit load structure will be effective from 25th February 2013.

News Source – MUTUAL FUNDS INDIA.

 

 

NEW FUND OFFER

6.DWS Fixed Maturity Plan – Series 25 Floats On. NFO remains open only on 26 February 2013

Deutsche Mutual Fund has unveiled a new fund named as DWS Fixed Maturity Plan – Series 25, 400 days close ended debt fund. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue will be open for subscription only on 26 February 2013. 

The objective of the scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. 
The scheme offers regular option and direct option. Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor. 
Dividend (Payout) and Growth are the sub-options offered under the scheme. 
The scheme shall invest 50%-100% in domestic debt instruments including government securities and securitized debt and invest upto 50% in money market instruments. 
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. 
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period. 
Entry and exit load charge for the scheme will be nil. 

News Source – NAV INDIA.

 

DIVIDEND

7.Peerless Ultra Short Term Fund Declares Dividend under Its Monthly Dividend Option. Record date for dividend was 22 February 2013

Peerless Mutual Fund has declared dividend under the Monthly Dividend Option for Retail, Super Institutional & Direct Plan of Peerless Ultra Short Term Fund (an open ended debt scheme). The record date for dividend was 22 February 2013. 

The gross dividend was Rs 0.0487 per unit for Retail Plan, Rs 0.0644 per unit for Super Institutional Plan and Rs 0.0671 per unit for Direct Plan for the respective Monthly Dividend Option net of which will be tax free in the hands of investors, as on the record date. Dividend is being declared on the face value of Rs.10 per unit.

News Source – INDIA INFOLINE.

 

NEW FUND LAUNCH

8.Indiabulls Mutual Fund launches Indiabulls Income Fund. NFO will close subscription on 26 February 2013

Indiabulls Mutual Fund has launched its second duration product, Indiabulls Income Fund, an open ended debt scheme. 

The new fund offer (NFO) will close subscription on 26 February 2013. The fund will have regular investment options like Growth and Dividend, with a minimum subscription of Rs 5,000. Indiabulls MF launched its duration product first offerings namely, Indiabulls Gilt Fund in January 2013 and had collections of more than Rs. 100 crore. 
Sanjay Chandel, CEO of Indiabulls Mutual Fund said, �With interest rates on the decline for the past one year, Income Funds appear to be a worthwhile investment option for an investor for medium to longer term. This is our first debt product for the retail investors who are the backbone of the Mutual Fund industry. With a healthy appetite we expect a good response from this segment for our NFO�. 

News Source – NAV INDIA.
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