NEW FUND OFFER
UTI Mutual Fund has announced the new fund offer of UTI Fixed Term Income Series XIV-IV (408 Days). The scheme will be open for subscription on March 1, 2013.
This scheme will mature on April 16, 2014.
News Source – VALUE RESEARCH ONLINE.
Mutual funds (MFs) bought shares worth a net Rs 470.40 crore on Thursday, 28 February 2013, higher than inflow of Rs 270.60 crore on Wednesday, 27 February 2013.
The net inflow of Rs 470.40 crore on Thursday, 28 February 2013, was a result of gross purchases Rs 1669.40 crore and gross sales Rs 1199 crore. The S&P BSE Sensex had lost 290.87 points or 1.52% to settle at 18,861.54 on that day, its lowest closing level since 27 November 2012.
Mutual funds have sold shares worth net Rs 847.90 crore in February 2013.
News Source – NAV INDIA.
Religare Mutual Fund has announced 06 March 2013 as the record date for the purpose of determining eligible unit holders holding units of Religare Fixed Maturity Plan-Series XIII-Plan A (370 Days) who would be entitled to the maturity/final redemption date of the scheme, which is 06 March 2013.
News Source – INDIA INFOLINE.