NEW FUND OFFER
BOI AXA Mutual Fund has launched a new fund named as BOI Axa Fixed Maturity Plan – Series 2, a close-ended income scheme. The New Fund Offer price is Rs 10 per unit. The tenure of the scheme will be 380 days from the date of allotment. The new issue will open for subscription from 13 March to 18 March 2013.
Investment objective: The investment objective of the Scheme(s) is to generate income by investing in a portfolio of fixed income and money market instruments maturing on or before the maturity date of the Scheme.
Options: The scheme offers Regular Plan and Direct Plan. Both Regular Plan and Direct Plan offer Growth Option and Dividend Payout Option.
Benchmark: CRISIL Short Term Bond Fund Index
Loads: Entry and exit load are nil
Minimum Application Amount: Minimum initial investment is Rs.5000/- per application and in multiples of 1/- thereafter.
News Source – NAV INDIA.
UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XIV -VI (366 Days), a close ended income scheme. The duration of the scheme is 366 days from the date of allotment. The New Fund Offer (NFO) price for the schemes is Rs 10 per unit. The new issue which is open for subscription from 14 March will close on 18 March 2013.
The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.
The scheme offers growth option, quarterly dividend option with payout and reinvestment facility, annual dividend option with payout and reinvestment facility and maturity dividend option with payout facility.
News Source – INDIA INFOLINE.
Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 42 Scheme C, a close-ended debt scheme with the duration of 378 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 13 March will close on 19 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 – NAV INDIA.