Latest Indian Mutual Fund News | 12-July-2013

NEW FUND OFFER

1.Peerless Fixed Maturity Plan Series 3 – 5 Files Offer Document With Sebi

Peerless Mutual Fund has filed offer document with Sebi to launch Peerless Fixed Maturity Plan Series 3 – 5, a close ended debt scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: The primary investment objective of each series of the scheme is to generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of each series of the scheme.
Options: Growth and dividend payout
For schemes having maturity of 1 month to 13 months: CRISIL Liquid Fund Index
For schemes having maturity of 13 months to 36 months: CRISIL Short Term Bond Fund Index
For schemes having maturity of 36 months to 60 months: CRISIL Composite Bond Fund Index

News Source – NAV INDIA.

2.Pramerica Absolute Return Fund Files Offer Document With Sebi

Pramerica Mutual Fund has filed offer document with Sebi to launch Pramerica Absolute Return Fund, an open ended equity oriented scheme. The new fund offer price is Rs 10 per unit.
Investment objective: The primary objective of the scheme is to generate absolute returns with low volatility over a longer tenure of time. The scheme will accordingly invest in arbitrage opportunities, equity instruments in cash market, derivative strategies and debt and money market instruments.
Options: The scheme has two plans viz. regular plan and direct plan. Each of the plans shall offer the following option: growth option, dividend option offering dividend re-investment, dividend pay-out and dividend transfer facilities

News Source – NAV INDIA.

3.LIC Nomura MF Fixed Maturity Plan Series 68 & 69 Files Offer Document With Sebi

LIC Nomura Mutual Fund files offer document with Sebi to launch LIC Nomura MF Fixed Maturity Plan Series 68 & 69, a close ended income scheme. The New Fund Offer price is Rs 10 per unit.
Investment objective: The investment objective of the Scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the scheme.
Plans/Options offered: Dividend payout and growth
Benchmark: CRISIL Liquid Fund Index for schemes having maturity upto 91 days

News Source – NAV INDIA.



DIVIDEND

4.Reliance Fixed Horizon Fund XXII – Series 15 Announces Dividend

Reliance Mutual Fund has announced 15 July 2013 as the record date for declaration of dividend under dividend payout options of Reliance Fixed Horizon Fund XXII – Series 15. The rate of dividend (Rs per unit) will be 0.10 under each series on the face value of Rs 10 per unit.

News Source – INDIA INFOLINE.

NEW FUND LAUNCH

5.Mirae Asset MF plans to launch fixed income schemes

Mirae Asset Mutual Fund plans to launch new fixed income schemes to expand its reach to more cities.
In April, the company had said that it may launch a balanced fund and an exchange traded fund (ETF) in future to complete its product basket.
The company’s Mirae Asset India Opportunities Fund (MAIOF)-an investment fund offered to local investors in India-completed five years recently.
Despite tough market conditions, Mirae Asset Emerging Bluechip Fund, the flagship scheme focusing on mid-cap stocks, has managed to give 8% returns over three years as compared to a negative return of 4% registered by CNX NSE Midcap, Jisang Yoo, Chief Executive Officer, Mirae Asset Global Investments, said.

News Source – INDIA INFOLINE.

Rate this post






+Admin


Leave a Reply

Your email address will not be published. Required fields are marked *