Latest Indian Mutual Fund News | 21-Mar-2013

NEW FUND OFFER

1.DWS Fixed Maturity Plan Series-27 extents NFO period. NFO will now close for subscription on 25 March 2013

Deutsche Mutual Fund has announced that the closing date of the New Fund Offer (NFO) of DWS Fixed Maturity Plan Series-27, a 370 days close ended debt fund has been extended from 18 March 2013 to 19 March 2013.

News Source – NAV INDIA.

DIVIDEND

2.Canara Robeco Interval Scheme – Series 2 Announces Dividend

Canara Robeco Mutual Fund has announced 25 March 2013 as the record date for declaration of dividend on the face value of Rs 10 per unit under the retail and regular plan of Canara Robeco Interval Scheme – Series 2 – Quarterly Plan 2.
The quantum of dividend will be 100% of distributable surplus as on the record date. The scheme recorded NAV of Rs 10.1737 per unit for retail plan and Rs 10.1738 per unit for regular plan as on 18 March 2013.

News Source – NAV INDIA.

3.Tata Fixed Maturity Plan Series 39 Scheme I Announces Dividend

Tata Mutual Fund has announced 25 March 2013 as the record date for declaration of dividend under the periodic dividend option of Tata Fixed Maturity Plan Series 39 Scheme I. The rate of dividend per unit on the face value of Rs 10 per unit will be entire distributable surplus available on the record date.



News Source – INDIA INFOLINE.

4.Reliance Dynamic Bond: Dividend Declaration

Reliance Mutual Fund has announced dividend under the dividend option of Reliance Dynamic Bond. The quantum of dividend shall be Rs 1.63031 per unit.
The record date has been fixed as March 25, 2013.

News Source – VALUE RESEARCH ONLINE.

GENERAL

5.Mutual funds continue selling

Mutual funds (MFs) sold shares worth a net Rs 73.10 crore on Monday, 18 March 2013, compared with outflow of Rs 108.10 crore on Friday, 15 March 2013.
The net outflow of Rs 73.10 crore on Monday, 18 March 2013, was a result of gross purchases Rs 303.10 crore and gross sales Rs 376.20 crore. The S&P BSE Sensex had shed 134.36 points or 0.69% to settle at 19,293.20 on that day, its lowest closing level since 6 March 2013.
Mutual funds have sold shares worth net Rs 1430.10 crore in March 2013 so far (till 18 March 2013).

News Source – INDIA INFOLINE.

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