Latest Indian Mutual Fund News | 20-June-2013



1.Reliance MF introduces Yearly Interval Fund – Series 9

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Yearly Interval Fund – Series 9, an Open Ended income scheme. The NFO opens for subscription on June 19, 2013, and closes on June 20, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000 and in multiples of Re.1 thereafter.
The scheme’s performance will be benchmarked against Crisil Short Term Bond Fund Index and its fund manager is Amit Tripathi.

News Source – INDIA COMMODITY.

DIVIDEND

2.Taurus FMP Series-U announces dividend

Taurus Mutual Fund has announced 24 June 2013 as the record date for declaration of dividend under dividend option of Taurus FMP Series-U (369 days close ended debt scheme). The amount of dividend will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.

News Source – NAV INDIA.



GENERAL

3.Pramerica Mutual Fund renames its Dynamic Fund

Pramerica Mutual Fund has announced to change the name of Pramerica Dynamic fund to Pramerica Dynamic Asset Allocation Fund with effect from June 28, 2013.

News Source – VALUE RESEARCH ONLINE.

4.Tata MF assigns yellow colour code to Dual Advantage Fund

Tata Dual Advantage Fund, which closes on June 28, has been assigned yellow colour indicating principal at medium risk
Tata Mutual Fund said it has become the first fund house to label its mutual fund schemes using colour code box to indicate the risk involved while investing, according to a media report.
Tata MF’s new fund offer Tata Dual Advantage Fund, which closes on June 28, has been assigned yellow colour indicating principal at medium risk while investing in this product, the report added.
Market regulator Securities and Exchange Board of India last month directed all fund houses to label their schemes using colour code to depict level of risk to all the existing schemes and all schemes to be launched on or thereafter with effect from July 1.

News Source – INDIA INFOLINE.

Latest Indian Mutual Fund News | 20-June-2013
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