Latest Indian Mutual Fund News | 08-Mar-2013

DIVIDEND

1.Reliance FHF XXII Series 12: Dividend Declaration

Reliance Mutual Fund has announced dividend under the dividend option of Reliance FHF XXII Series 12. The quantum of dividend shall be the entire distributable surplus as on record date.
The record date has been fixed as March 12, 2013.

News Source – VALUE RESEARCH ONLINE.

GENERAL

2.Canara Robeco Dynamic Bond Fund: Change in Asset Allocation

Canara Robeco Mutual Fund has revised the asset allocation pattern of Canara Robeco Dynamic Bond Fund. Now, the allocation in government securities & corporate bond will be from 0-100%.While, it will be similar for money market instruments. Presently, the scheme can invest 0-70% in government securities & corporate bond while 30-100% in money market instruments.
Investors have been given an option of exit without paying any exit load between March 7, 2013 to April 5, 2013.

News Source – VALUE RESEARCH ONLINE.



3.Morgan Stanley Gilt Fund introduces trigger facility. With effect from 07 March 2013

Morgan Stanley Mutual Fund has announced introduction of trigger facility under Morgan Stanley Gilt Fund, an open ended gilt scheme. The provisions of the addendum as detailed below shall be applicable from 07 March 2013.
Trigger facility: Trigger is an event on happening of which the fund will automatically redeem/switch the units as the case may be on behalf of the investor on the date of happening of the event. Accordingly, a trigger will activate a transaction/alert when the event selected for has reached the trigger point. All redemptions/switches/reinvestments etc., linked to triggers will always be at the applicable NAV based prices of the day on which the event occurs. The investors opting for the Trigger facility will also have right to redeem/switch their holdings before happening of the trigger event. The trigger is an additional facility provided to the unit holders to save time on completing the redemption/switch formalities on happening of a particular predetermined event. Trigger is not an assurance on part of AMC/Fund to the investor that he/she will receive a particular amount of money/appreciation and/or a percentage on redemption or will get a particular amount of capital appreciation or will minimize the loss to investor to a particular amount or percentage.

News Source – NAV INDIA.

4.Mutual funds continue selling. Outflow of Rs 58 crore on 6 March 2013

Mutual funds (MFs) sold shares worth a net Rs 58 crore on Wednesday, 6 March 2013, higher than outflow of Rs 26.20 crore on Tuesday, 5 March 2013.
The net outflow of Rs 58 crore on Wednesday, 6 March 2013, was a result of gross purchases Rs 406.30 crore and gross sales Rs 464.30 crore. The S&P BSE Sensex had jumped 109.44 points or 0.57% to settle at 19,252.61 on that day, its highest closing level since 25 February 2013.
Mutual funds have sold shares worth net Rs 195.10 crore in March 2013 so far (till 6 March 2013).

News Source – NAV INDIA.

Rate this post






+Admin


Leave a Reply

Your email address will not be published. Required fields are marked *