Latest Indian Mutual Fund News | 09-May-2013

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1.UTI MF Launches the NFO of UTI Fixed Term Income Series XV-III

UTI Mutual Fund has announced the NFO of UTI Fixed Term Income Series XV-III. The subscription will be open from May 8, 2013 to May 14, 2013.This scheme will mature on May 16, 2014.

News Source – VALUE RESEARCH ONLINE.

DIVIDEND

2.Reliance Mutual Fund: Dividend Declaration

Reliance Mutual Fund has announced dividend under the dividend option of the following schemes: Reliance FHF XXII Series 6-D, Reliance FHF XXII Series 7-D and Reliance FHF XIX Series 19-D. The quantum of dividend will be the entire distributable surplus as on the record date.
The record date has been fixed as May 13, 2013.

News Source – VALUE RESEARCH ONLINE.

3.Mirae Asset Mutual Fund: Dividend Declaration

Mirae Asset Mutual Fund has announced dividend under the dividend option of the following schemes: Mirae Asset Ultra Short Term Bond Inst-DQ, Mirae Asset Ultra Short Term Bond Inst Direct-DQ. The quantum of dividend will be the entire distributable surplus as on the record date.
The record date has been fixed as May 13, 2013.



News Source – VALUE RESEARCH ONLINE.

GENERAL

4.Templeton India Treasury Management Account Fund announces changes in asset allocation pattern

Franklin Templeton Mutual Fund has proposed to change the asset allocation pattern of the scheme Templeton India Treasury Management Account (TITMA) with effect from 12 June 2013, to allow greater flexibility for the investment team, which will help them take advantage of the opportunities in the fixed income / money market space. The change in the scheme is as mentioned below:
As per the existing asset allocation pattern: The fund will under normal circumstances, invest at least 70% of its corpus in money market instruments, Government of India securities, zero coupon bonds/treasury bills etc. and not more than 30% of the corpus in debentures (including public sector bonds/corporate debentures). Within the allocation towards fixed income instruments, up to 30% may be invested in government securities (Central/State Government securities) supported by unconditional guarantee of the respective governments.

News Source – NAV INDIA.

5.Mutual funds in selling mode

Mutual funds sold shares worth a net Rs 199.80 crore on Monday, 6 May 2013, compared with outflow of Rs 455.20 crore on Friday, 3 May 2013.
The net outflow of Rs 199.80 crore on 6 May 2013 was a result of gross purchases of Rs 334.90 crore and gross sales of Rs 534.70 crore. The S&P BSE Sensex had risen 98 points or 0.5% to settle at 19,673.64 on that day, its highest closing level since 2 May 2013.

News Source – NAV INDIA.

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