NEW FUND OFFER

1.UTI MF Launches UTI – FTIF- Series XV – I (368 Days). NFO Period from 15 April to 17 April 2013

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XV -I (368 Days), a close ended income scheme. The duration of the scheme is 368 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 15 April will close on 17 April 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.
The scheme will allocate upto 100% of assets in debt including securitized debt with low to medium risk profile and upto 100% of assets would be allocated to money market instruments with low risk profile. The scheme may invest upto 50% of its debt portion in securitized debt.
The minimum application amount is Rs 5000 and in multiples of Rs 10 under all the options.
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.

2.Pramerica Fixed Duration Fund – Series 12 Floats On. NFO period is from 15 April to 17 April 2013

Pramerica Mutual Fund has launched a new fund named as Pramerica Fixed Duration Fund – Series 12, a close ended income scheme having a tenor of 370 Days. The New Fund Offer (NFO) price for the scheme is Rs 1000 per unit. The new issue which is open for subscription from 15 April closes on 17 April 2013.
The objective of the scheme is to provide reasonable returns, commensurate with moderate level of risk, through a portfolio constituted of money market and debt instruments which mature on or before the date of the maturity of each series of the scheme.
The Plan has two options, viz., growth option and dividend option. dividend option has the following two facilities, dividend payout facility and dividend transfer facility.
Asset Allocation: The scheme shall invest its entire corpus in money market and debt instruments; includes securitized debt up to 35% of the net assets of the Scheme.
The scheme does not intend to invest in overseas/foreign securities and derivatives. Also, the scheme does not intend to engage in stock lending/short selling or repo transactions in corporate debt securities.

News Source – INDIA INFOLINE.

DIVIDEND



3.Peerless Flexible Income: Dividend Declaration

Peerless Mutual Fund has announced dividend under the monthly dividend option of Peerless Flexible Income. The quantum of dividend will be Re 0.1300 per unit for regular plan.
The record date for both the plans has been fixed as April 10, 2013.

News Source – VALUE RESEARCH ONLINE.

GENERAL

4.Religare Mutual Fund: Change in Face Value & Minimum Redemption Amount

Religare Mutual Fund has announced to change the face value & minimum investment amount of 7 following debt schemes -Religare Active Income, Religare Short-term, Religare Credit-Opp , Religare Medium-term, Religare MIP, Religare MIP plus & Religare Gilt.
Face Value
The face value of above mentioned schemes will be raised to Rs 1,000 from Rs 10 presently.
Minimum Redemption Amount/Units
Under all the above mentioned schemes, the minimum amount will be raised to Rs 1,000 or 1 unit or account balance whichever is lower. Presently, it is Rs 1,000 or 100 units or account balance whichever is lower.

News Source – VALUE RESEARCH ONLINE.

Latest Indian Mutual Fund News | 16-Apr-2013
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