Latest Indian Mutual Fund News | 26-Mar-2013

NEW FUND OFFER

1.Reliance MF Floats Reliance Fixed Horizon Fund – XXIII – Series 9. NFO Period from 25 March to 26 March 2013

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXIII – Series 9, a close ended income scheme with the duration of 371 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 25 March and will close on 26 March 2013.

The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.
The scheme offers two options viz. growth, dividend payout option, direct plan – growth option and direct plan – dividend payout option.

News Source – INDIA INFOLINE.

 

2.Tata Fixed Maturity Plan Series 42 E Floats On. NFO period is from 25 March to 03 April 2013

 

Tata Mutual Fund has launched a new fund named as Tata Fixed Maturity Plan Series 42 Scheme E, a close-ended debt scheme with the duration of 368 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 25 March will close on 03 April 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.
The minimum application amount is Rs 10,000.
The fund seeks to collect a minimum subscription amount of Rs 40 crore under the scheme during the NFO period.

News Source – INDIA INFOLINE.

 

3.DWS FMP Series 28: Extension of NFO

Deutsche Mutual Fund has extended the new fund offer (NFO) period under DWS FMP Series 28. Now, the NFO will remain open till March 25, 2013 instead of March 22, 2013.

News Source – VALUE RESEARCH ONLINE.



 

NEW FUND LAUNCH

4.Religare Fixed Maturity Plan – Series XVIII – Plan E Floats On.

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan – Series XVIII – Plan E (374 Days), a close ended debt scheme. The tenure of the scheme is 374 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 on 22 March and closes on 25 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.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

News Source – NAV INDIA.

 

5.Peerless Fixed Maturity Plan Series 2 Floats On.

Peerless Mutual Fund has launched a new fund named as Peerless Fixed Maturity Plan Series 2 a close ended debt scheme with the duration of 395ays from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription only on 25 March 2013.

Investment objective: The primary investment objective of the Plan of the scheme is to generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of the Plan of the scheme.

News Source – NAV INDIA.

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