Latest Indian Mutual Fund News | 19-July-2013

NEW FUND OFFER

1.UTI MF Launches UTI – FTIF- Series XV – VIII (368 Days). NFO Period from 18 July to 25 July 2013

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XV -VIII (368 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 18 July will close on 25 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.

News Source – INDIA INFOLINE.

2.LIC Nomura MF Fixed Maturity Plan Series 70 & 71 Files Offer Document With Sebi

LIC Nomura Mutual Fund files offer document with Sebi to launch LIC Nomura MF Fixed Maturity Plan Series 70 & 71, 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
CRISIL Short Term Bond Fund Index for schemes having maturity more than 91 Days but less than or equal to 36 months

News Source – NAV INDIA.



GENERAL

3.Mutual funds in buying mode

Mutual funds bought shares worth a net Rs 100.80 crore on Monday, 15 July 2013, compared with net outflow of Rs 70.10 crore on Friday, 12 July 2013.
The net inflow of Rs 100.80 crore on 15 July 2013 was a result of gross purchases of Rs 425.90 crore and gross sales of Rs 325.10 crore. The S&P BSE Sensex had advanced 76.01 points or 0.38% to settle at 20,034.48 on that day, its highest closing level since 30 May 2013.
Mutual funds have sold shares worth a net Rs 665.60 crore in July 2013 so far (till 15 July 2013).

News Source – INDIA INFOLINE.

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