Latest Indian Mutual Fund News | 06-Mar-2013

NEW FUND LAUNCH

1.Reliance MF Floats Reliance Fixed Horizon Fund – XXIII – Series 4. NFO Period from 05 March to 14 March 2013

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXIII – Series 4, a close ended income scheme with the duration of 380 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 05 March and will close on 14 March 2013. 

The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.

News Source – INDIA INFOLINE.

 

2.Indiabulls Mutual Fund Launches 388 Days Fixed Maturity Plan. NFO Period is from 05 March to 07 March 2013

Indiabulls Mutual Fund has launched a new fund named as Indiabulls FMP 388 Days March 2013 (I), a close ended debt scheme with the duration of 388 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 05 March and will close on 07 March 2013. 

The investment objective of the 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 maturity of the respective plans under the scheme. The maturity of all instruments shall be equal to or less than the maturity of the respective plans under the scheme.

News Source – INDIA INFOLINE.



 

3.Axis Fixed Term Plan – Series 37-41 files offer document with Sebi.

Axis Mutual Fund has filed offer document with Sebi to launch Axis Fixed Term Plan – Series 37-41, a close-ended debt scheme. The New Fund Offer price is Rs 10 per unit. The scheme will have plans with tenure of 1 month to 60 months. 

Investment objective: The plan(s) of the scheme will endeavor to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan(s).

News Source – NAV INDIA.

 

4.Deutsche MF Unveils DWS Hybrid Fixed Term Fund – Series 12. NFO Period from 04 March to 18 March 2013

Deutsche Mutual Fund has unveiled a new fund named as DWS Hybrid Fixed Term Fund – Series 12, 38 months 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 from 04 March and closes on 18 March 2012. 

The objective of the fund is to generate income by investing in fixed income securities maturing on or before the date of the maturity of the scheme and to generate capital appreciation by investing in equity and equity related instruments. 

News Source – NAV INDIA.

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