Latest Indian Mutual Fund News | 17-Apr-2013


1.UTI MF Launches UTI – FMP – Yearly Series April 2013. NFO Period from 16 April to 26 April 2013


UTI Mutual Fund has launched a new fund named as UTI – FMP – Yearly Series April 2013, a close ended income scheme. The duration of the scheme is 396 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 from 16 April and will close on 26 April 2013.
The scheme aims to generate returns by investing in portfolio of fixed income securities maturing on or before the date of maturity of the scheme.
The scheme offers growth and dividend option. Dividend option offers payout and reinvestment facility.
The scheme will allocate 20% to 100% of assets in debt securities and money market securities (including call money, reverse repos) with residual average maturity of equal to or less than 410 days (or have put options within a period not exceeding 410 days) and including securitized debt with low to medium risk profile. On the other side it would allocate upto 80% of assets in debt instruments with residual maturity of more than 410 days with low risk profile.

News Source – NAV INDIA.


2.Pramerica Fixed Duration Fund – Series 13 Floats On. NFO period is from 23 April to 25 April 2013


Pramerica Mutual Fund has launched a new fund named as Pramerica Fixed Duration Fund – Series 13, a close ended income scheme having a tenor of 369 Days. The New Fund Offer (NFO) price for the scheme is Rs 1000 per unit. The new issue which is open for subscription from 23 April closes on 25 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.

News Source – NAV INDIA.


3.Motilal Oswal AMC launches MOSt Focused 25 Fund. NFO Period from 22nd April to 6th May 2013


In the first year of the launch, Motilal Oswal AMC expects to collect investments in the range of Rs. 4 billion and over the next two to three years would look up at scaling up
Motilal Oswal Asset Management Company Ltd (MOAMC) announces the launch of Motilal Oswal MOSt Focused 25 Fund, an open ended equity fund. The new fund offer (NFO) will open on 22nd April and will close on 6th May.
Aashish Somaiyaa, CEO, MOAMC, said, �The NFO is our first open-ended fund. It will predominantly focus on large cap companies. The exit load on the fund is nil which would provide investors more flexibility.�
The investment objective of MOSt Focused 25 Fund is to achieve long term capital appreciation by investing in up to 25 companies with long term sustainable competitive advantage and growth potential. The fund will be managed by Taher Badshah, Senior Vice President & Co-Head of Equities and Abhiroop Mukherjee Sr. Manager-Fixed Income of MOAMC.




4.Peerless Short-term: Dividend Declaration


Peerless Mutual Fund has announced dividend under the monthly dividend option of regular as well as direct plan of Peerless Short-term Fund. The quantum of dividend will be Re 0.0860 per unit for regular plan and Re 0.0917 for direct plan.
The record date for both the plans has been fixed as April 10, 2013.


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