Latest Indian Mutual Fund News | 26-June-2013

NEW FUND OFFER

1.DWS Interval Fund – Annual Plan Series 1 Floats On. NFO period is from 25 June to 26 June 2013

 

Deutsche Mutual Fund has unveiled a new fund named as DWS Interval Fund – Annual Plan Series 1, a debt interval scheme. The interval period will be 370 days. The New Fund Offer price is Rs 10 per unit. The new issue which is open for subscription from 25 June will close on 26 June 2013.
Investment objective: The objective of the Scheme is to generate income by investing in debt and money market instruments maturing on or before the beginning of the immediately following Specified Transaction period of the scheme.
Options: Growth and dividend (regular, monthly, quarterly and annual payout) options.
Benchmark: The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index.

News Source – NAV INDIA.

DIVIDEND

2.UTI CRTS 81: Dividend Declaration

 

UTI Mutual Fund has announced dividend under the dividend option of UTI CRTS 81. The quantum of dividend shall be Rs 0.5 per unit.
The record date has been fixed as June 26, 2013



News Source – VALUE RESEARCH ONLINE.

GENERAL

3.Mutual funds in selling mode. Net outflow of Rs 51.60 crore on 24 June 2013

 

Mutual funds sold shares worth a net Rs 51.60 crore on Monday, 24 June 2013, compared with inflow of Rs 173.60 crore on Friday, 21 June 2013.
The net outflow of Rs 51.60 crore on 24 June 2013 was a result of gross purchases of Rs 501.10 crore and gross sales of Rs 552.70 crore. The S&P BSE Sensex lost 233.35 points or 1.24% to 18,540.89 on that day, its lowest closing level since 15 April 2013.
Mutual funds have sold shares worth a net Rs 531.50 crore in June 2013 so far (till 24 June 2013).

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 26-June-2013
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