Latest Indian Mutual Fund News | 06-July-2013
NEW FUND OFFER
Axis Mutual Fund has launched a new fund named as Axis Hybrid Fund Series 5, a 42 months close ended income scheme. During the New Fund Offer (NFO) period the units will be offered for Rs 10 each. The new issue will open for subscription from 05 July to 19 July 2013. The units of the scheme will be listed on the capital market segment of the NSE and/ or any other Stock Exchange.
This product is suitable for investors who are seeking capital appreciation while generating income over medium to long term. The scheme invests in debt and money market instruments as well as equity and equity related instruments with medium risk – Yellow.
The primary objective is to generate income by investing in high quality fixed income securities whilst the secondary objective is to generate capital appreciation by investing in equity and equity related instruments.
News Source – NAV INDIA.
Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund – XXIV – Series 1, a close ended income scheme. The NFO opens for subscription on July 5, 2013, and closes on July 10, 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.
News Source – INDIAN COMMODITY.
Reliance Mutual Fund has announced dividend under the dividend option of Reliance FHF XIX Series 21. The quantum of dividend shall be Rs 0.1 per unit. The record date has been fixed as July 10, 2013
News Source – VALUE RESEARCH ONLINE.
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