Latest Indian Mutual Fund News | 29-July-2013

NEW FUND OFFER

1.Religare Fixed Maturity Plan – Series XIX – Plan C Floats On. NFO period is from 26 July to 29 July 2013

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan – Series XIX – Plan C (367 Days), a close ended debt scheme. The tenure of the scheme is 367 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription on 26 July and closes on 29 July 2013.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.
The scheme offers growth & dividend payout option. The scheme shall invest its entire corpus in debt instruments and money market instruments with low risk profile. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

News Source – NAV INDIA.

2.Principal Pnb Fixed Maturity Plan – Series B5 Floats On. NFO Period from 26 July to 29 July 2013

Principal Mutual Fund has launched a new fund named as Principal Pnb Fixed Maturity Plan – Series B5, a close ended debt scheme offering Fixed Maturity Plan having maturity of 367 days. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 26 July to 29 July 2013.
The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities.
The scheme offers two options viz. growth and dividend option. The dividend option will have the facility of payout and sweep.
The scheme would allocate upto 100% of assets in debt and money market instruments with low to medium risk profile.

News Source – NAV INDIA.

GENERAL



3.Indiabulls Mutual Fund: Change in exit load

India bulls Mutual Fund has removed the exit load in India bulls Gilt Fund from the previous 0.50 per cent (on redemptions within 90 days). The change shall be effective from July 26, 2013.

News Source – VALUE RESEARCH ONLINE.

4.Baroda Pioneer Mutual Fund: Change in exit load

Baroda Pioneer Mutual Fund announced to revise the exit load of Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund from 0.50 per cent to NIL, if units are redeemed on or before 6 months from the date of allotment. The change will be effective from July 29, 2013.

News Source – VALUE RESEARCH ONLINE.

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