Latest Indian Mutual Fund News | 16-Mar-2013

NEW FUND OFFER

1.UTI-Fixed Maturity Plan – Yearly Series – YFMP 03-13 announces change in initial offer period. NFO will open on 18 March 2013 and close on 22 March 2013

 UTI Mutual Fund has announced that in accordance with the terms of the UTI-Fixed Maturity Plan, the Initial Offer of the yearly series of the scheme viz. UTI – Fixed Maturity Plan -Yearly Series (YFMP 03-13) will open for sale from 18 March 2013 instead of 16 March 2013 (as 16th and 17th March 2013 being Saturday and Sunday and hence non-business days) and will close on March 22, 2013 instead of 28 March 2013. Date of allotment of units under the plan will be 25 March 2013.

The units issued under UTI – Fixed Maturity Plan – Yearly Series – YFMP 03-13 will be listed on National Stock Exchange appropriately.

News Source – INDIA INFOLINE.

DIVIDEND

2.Reliance Mutual Fund announces dividend under various schemes. Record date for dividend is 19 March 2013

 Reliance Mutual Fund has announced 19 March 2013 as the record date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) will be:

Reliance Short Term Fund – Dividend Plan – Quarterly Dividend Option: 0.2200
Reliance Short Term Fund – Direct Plan – Dividend Plan – Quarterly Dividend Option: 0.1300
Reliance Money Manager Fund – Retail Plan – Quarterly Dividend Option: 20.3776
Reliance Money Manager Fund – Quarterly Dividend Option: 19.1995

News Source – NAV INDIA.



3.LIC Nomura MF FMP-49 declares dividend. Record date for dividend is 19 March 2013

 LIC Nomura Mutual Fund has announced 19 March 2013 as the record date for declaring dividend under the LIC Nomura MF FMP-49 scheme. The dividend rate per unit will be the entire distributable surplus as on the record date on the face value of Rs. 10 per unit.

News Source – NAV INDIA.

GENERAL

4.Mutual funds continue selling

 Mutual funds (MFs) sold shares worth a net Rs 208.80 crore on Wednesday, 13 March 2013, higher than outflow of Rs 176.30 crore on Tuesday, 12 March 2013.

The net outflow of Rs 208.80 crore on Wednesday, 13 March 2013, was a result of gross purchases Rs 226.90 crore and gross sales Rs 435.70 crore. The S&P BSE Sensex had shed 202.37 points or 1.03% to settle at 19,362.55 on that day, its lowest closing level since 6 March 2013.
Mutual funds have sold shares worth net Rs 1244.90 crore in March 2013 so far (till 13 March 2013).

News Source – INDIA INFOLINE.

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