Latest Indian Mutual Fund News | 01-Mar-2013

NEW FUND OFFER

1.Tata Fixed Maturity Plan Series 42 H Floats On. NFO is from 28 February to 05 March 2013

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 42 Scheme H, a close-ended debt scheme with the duration of 392 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 28 February will close on 05 March 2013. 

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. 

News Source – NAV INDIA.

 

DIVIDEND

2.Baroda Pioneer 367 Day Fixed Maturity Plan-Series 3 announces dividend. Record date for dividend is 04 March 2013

Baroda Pioneer Mutual Fund has announced 04 March 2013 as the record date for declaration of dividend under the dividend payout option of Baroda Pioneer 367 Day Fixed Maturity Plan-Series 3. The amount of dividend will be Rs 1.022163951 per unit on the face value of Rs 10 per unit. 

News Source – NAV INDIA.

 

GENERAL



3.Quantum AMC, BSE Investor Protection Fund and CDSL join hands to educate investors on Rajiv Gandhi Equity Savings Scheme (RGESS)

Quantum Mutual Fund in association with BSE and Central Depository Services Limited (CDSL) has jointly agreed to create awareness among investors on the Rajiv Gandhi Equity Savings Scheme (RGESS) in Mumbai during the months of February and March 2013. The Investor Awareness Programs (IAP) aim at simplifying the features of RGESS to investors and educate investors on how they can avail tax benefits by investing in RGESS. 

Together, with BSE and CDSL, Quantum plans to organize a variety of programs to increase financial literacy of the investors and how they can avail tax benefit by investing under RGESS qualified schemes. The series of Investor Awareness programs (IAP) will be held across 10 strategic locations across Mumbai, namely Borivali, Vasai, Dahisar, Virar, Thane, Dombivali, Ghatkopar, Mulund and Dadar. Interested investors can visit this free of cost IAPs that started from 22 February 2013 at Dadar and get to know RGESS better. We have already conducted 3 IAP's and are looking forward to doing many more in future.

News Source – INDIA INFOLINE.

 

NEW FUND LAUNCH

4.Reliance RGESS Fund files offer document with Sebi. A close-ended equity scheme

Reliance Mutual Fund has filed offer document with Sebi to launch Reliance RGESS Fund, a close-ended equity scheme. The New Fund Offer price is Rs 10 per unit. The scheme will offer 3 (Series 1-Series 3) with tenure of 3 Years from the date of allotment and 3 (Series 4-Series 6) with tenure of 5 Years from the date of allotment 

Investment objective: The investment objective of the scheme is to provide capital appreciation to the investors, while providing income tax benefits under Section 80CCG of the IT Act, 1961 by active management of portfolio investing predominantly in RGESS eligible securities. The scheme may also invest a certain portion of its corpus in cash & cash equivalent and money market instruments from time to time. 
Options: Growth and dividend payout options and direct plan- growth and dividend payout options. 

News Source – NAV INDIA.

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