Latest Indian Mutual Fund News | 24-July-2013

NEW FUND OFFER

1.DWS Fixed Maturity Plan – Series 31 Floats On. NFO period is from 22 July to 24 July 2013

Deutsche Mutual Fund has unveiled a new fund named as DWS Fixed Maturity Plan – Series 31, a 2 year close ended debt fund. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 22 July to 24 July 2013.
The objective of the scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme.
The scheme offers regular option and direct option. Direct Plan is only for investors who purchase /subscribe Units in a Scheme directly with the Fund and is not available for investors who route their investments through a Distributor.

News Source – INDIA INFOLINE.

DIVIDEND

2.UTI Fixed Term Income Fund-Series XII-VI (366 Days) announces dividend

UTI Mutual Fund has announced 25 July 2013 as the record date for declaration of dividend under UTI Fixed Term Income Fund-Series XII-VI (366 Days). The rate of dividend (Rs per unit) will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.

News Source – INDIA INFOLINE.



3.Edelweiss Absolute Return Fund announces dividend

Edelweiss Mutual Fund has announced 26 July 2013 as the record date for declaration of dividend under dividend option of Edelweiss Absolute Return Fund, an equity oriented scheme. The amount of dividend will be Rs 0.22 per unit on the face value of Rs 10 per unit.

News Source – NAV INDIA.

4.Canara Robeco Mutual Fund announces dividend under two schemes

Canara Robeco Mutual Fund has announced 26 July 2013 as the record date for declaration of dividend under the following schemes. The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
Canara Robeco Balance-Regular Plan & Direct Plan-Quarterly Dividend options: 1.00 under each option
Canara Robeco F.O.R.C.E. Fund-Regular Plan-Dividend Option: 0.85

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 24-July-2013
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