Latest Indian Mutual Fund News | 02-Apr-2013

NEW FUND OFFER

1.Religare Fixed Maturity Plan – Series XVIII – Plan F Floats On. NFO period is from 2 April to 3 April 2013

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan – Series XVIII – Plan F (369 Days), a close ended debt scheme. The tenure of the scheme is 369 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 2 April and closes on 3 April 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 upto 100% of assets in debt instruments including money market instruments with low risk profile.
Of the investments in debt instruments 95% to 100% of assets would be invested in A1+ rated commercial papers.
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 – INDIA INFOLINE.

DIVIDEND

2.UTI Fixed Term Income Sr XI-II (400D): Dividend Declaration

UTI Mutual Fund has announced dividend under the dividend option of UTI Fixed Term Income Sr XI-II (400D). The quantum of dividend shall be the entire distributable surplus as on record date.
The record date has been fixed as April 05, 2013.

News Source – VALUE RESEARCH ONLINE.



3.Baroda Pioneer 370D FMP Series 1: Dividend Declaration

Baroda Pioneer Mutual Fund has announced dividend under the dividend option of Baroda Pioneer 370D FMP Series 1. The quantum of dividend shall be Rs 1.0017 per unit.
The record date has been fixed as April 03, 2013.

News Source – VALUE RESEARCH ONLINE.

GENERAL

4.Edelweiss Liquid, Edelweiss Ultra Short-term Bond, Edelweiss Short-term Income: Revision in Exit Load

 Edelweiss Mutual Fund has revised the exit load under Edelweiss Liquid, Edelweiss Ultra Short-term Bond, and Edelweiss Short-term Income with effect from April 2, 2013.

Edelweiss Liquid
The revised exit load will be Nil. Presently, the exit load is being charged at 0.10% if redeemed/switched-out on or before 3 days from the date of allotment.
Edelweiss Ultra Short-term Bond
The revised exit load will be Nil. Presently, the exit load is being charged at 0.25% if redeemed/switched-out on or before 30 days from the date of allotment.
Edelweiss Short-term Income
The revised exit load will be 0.75% if redeemed/switched-out on or before 180 days from the date of allotment. Presently, the exit load is being charged at 0.50% if redeemed/switched-out on or before 140 days from the date of allotment.

News Source – VALUE RESEARCH ONLINE.

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