Latest Indian Mutual Fund News | 29-June-2013



NEW FUND OFFER

1.UTI MF Launches UTI – FTIF- Series XV – VII (369 Days). NFO Period from 28 June to 02 July 2013

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XV -VII (369 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 28 June will close on 02 July 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.
The scheme will allocate upto 100% of assets in debt including securitized debt with low to medium risk profile and upto 100% of assets would be allocated to money market instruments with low risk profile. The scheme June invest upto 50% of its debt portion in securitized debt.

News Source – NAV INDIA.

DIVIDEND

2.Reliance Interval Fund-Quarterly Interval Fund Series I announces dividend

Reliance Mutual Fund has announced 03 July 2013 as the record date for declaration of dividend under Reliance Interval Fund-Quarterly Interval Fund Series I. The amount of dividend will be Rs 0.1841 per unit under dividend option and Rs 0.1840 per unit under institutional plan-dividend option on the face value of Rs 10 per unit.



News Source – NAV INDIA.

GENERAL

3.Axis Mutual Fund: Change in Exit Load

Axis Mutual Fund has announced to change the exit load in Axis Income Saver fund with effect from July 1, 2013.
Earlier the scheme attracted 1 per cent load from investments redeemed within a year from date of allotment. The revised load will charge 1 per cent from investments redeemed within two years of date of allotment.

News Source – VALUE RESEARCH ONLINE.

Latest Indian Mutual Fund News | 29-June-2013
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