Latest Indian Mutual Fund News | 07-Mar-2013

NEW FUND OFFER

1.Religare Fixed Maturity Plan – Series XVII – Plan E Floats On. NFO remains open only on 06 March 2013

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan – Series XVII – Plan E (369 Days), a close ended debt scheme. The tenure of the scheme is 369 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription only 06 March 2013.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.
The scheme offers growth & dividend payout option.
The scheme shall invest its entire corpus in debt instruments and money market instruments with low risk profile.

News Source – INDIA INFOLINE.

2.Tata Fixed Maturity Plan Series 42 B Floats On. NFO period is from 06 March to 12 March 2013

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 42 Scheme B, a close-ended debt scheme with the duration of 385 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 06 March will close on 12 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.

News Source – INDIA INFOLINE.



NEW FUND LAUNCH

3.Indiabulls Mutual Fund Launches 385 Days Fixed Maturity Plan. NFO Period is from 06 March to 12 March 2013

Indiabulls Mutual Fund has launched a new fund named as Indiabulls FMP 385 Days March 2013 (2), a close ended debt scheme with the duration of 385 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 06 March and will close on 12 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.
The scheme offers growth & dividend option. Dividend option offers transfer and pay-out facility.
The scheme would allocate upto 100% of assets in money market instruments with low to medium risk profile.

News Source – NAV INDIA.

4.Axis Mutual Fund Launches 392 Days FTP Series 34. NFO period is from 06 March to 07 March 2013

Axis Mutual Fund has launched a new plan named as Axis Fixed Term Plan – Series 34 (392 Days), a close ended debt scheme. The duration of the scheme is 392 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 06 March and will close on 07 March 2013.
The plan 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 plan.
The scheme offers two options viz. growth and dividend option. Dividend option offers payout facility.
The scheme will allocate 100% of assets in money market and debt instruments including securitized debt with low to medium risk profile. Investment in securitized debt would be upto 50% of the net assets of the scheme. The scheme shall not invest in foreign securitized debt. Investment in derivatives shall be up to 50% of the net assets of the scheme.
95% to 100% of net assets would be invested in A1+ rated certificate of deposits and upto 5% of net assets would be invested in any other instruments such as CBLO, G-secs & T-Bills, Repos and Derivatives.

News Source – NAV INDIA.

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