Latest Indian Mutual Fund News | 26-Apr-2013

NEW FUND OFFER

1.UTI MF Launches UTI – FTIF- Series XV – II (367 Days). NFO Period from 25 April to 29 April 2013

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XV -II (367 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 25 April will close on 29 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.

News Source – INDIAN INFOLINE.

DIVIDEND

2.Tata Dynamic Bond Fund announces dividend. Record date for dividend is 29 April 2013

Tata Mutual Fund has announced 29 April 2013 as the record date for declaration of dividend under the dividend options of Plan a, Direct Plan, Option B (ongoing subscription suspended from 01 October 2012) of Tata Dynamic Bond Fund. The amount of dividend under each plan/option will be Rs 0.05 per unit on the face value of Rs 10 per unit.

News Source – INDIAN INFOLINE.



GENERAL

3.Mutual funds continue selling

Mutual funds sold shares worth a net Rs 254.30 crore on Tuesday, 23 April 2013, higher than outflow of Rs 205.10 crore on Monday, 22 April 2013.
The net outflow of Rs 254.30 crore on 23 April 2013 was a result of gross purchases of Rs 237.50 crore and gross sales of Rs 491.80 crore. The S&P BSE Sensex had advanced 9.53 points or 0.05% to settle at 19,179.36 on that day, its highest closing level since 18 March 2013.
Mutual funds have sold shares worth net Rs 893.90 crore in April 2013 so far (till 23 April 2013).

News Source – NAV INDIA.

4.Reliance Short-term Fund: Change in Fundamental Attributes

Reliance Mutual Fund has announced to change the asset allocation pattern and benchmark of Reliance Short-term Fund with effect from June 1, 2013.
Now, the scheme will invest 65-100% in debt and money market instrument with a duration upto 3 years and upto 35% in debt and money market instrument with duration above 3 years and upto 5 years. Presently, the scheme invests in 60-100% in debt and money market instrument with average maturity upto 1 year and upto 40% in debt instruments with average maturity greater than a year and normally upto 7 years depending upon availability.

News Source – VALUE RESEARCH ONLINE.

Latest Indian Mutual Fund News | 26-Apr-2013
Rate this post






+Admin


Leave a Reply

Your email address will not be published. Required fields are marked *