Latest Indian Mutual Fund News | 07-Aug-2013

NEW FUND OFFER

1.Reliance Fixed Horizon Fund – XXIV – Series 7 Floats On. NFO Period from 06 August to 13 August 2013

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXIV – Series 7, a close ended income scheme with the duration of 1094 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 03 August and will close on 13 August 2013.
This product is suitable for investors who seeking returns and growth over the term of the fund limiting interest rate volatality by investment in debt, money market and G-sec instruments maturing on or before the date of maturity of the scheme with low risk.
The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility.

News Source – NAV INDIA.

2.Pramerica Fixed Duration Fund – Series 8 Floats On. NFO period is from 6 August to 7 August 2013

Pramerica Mutual Fund has launched a new fund named as Pramerica Fixed Duration Fund – Series 8, a close ended income scheme having a tenor of 91 Days. The New Fund Offer (NFO) price for the scheme is Rs 1000 per unit. The new issue which is open for subscription from 06 August closes on 07 August 2013.
The objective of the scheme is to provide reasonable returns, commensurate with moderate level of risk, through a portfolio constituted of money market and debt instruments which mature on or before the date of the maturity of each series of the scheme.
The Plan has two options, viz., growth option and dividend option. Dividend option has the following two facilities, dividend payout facility and dividend transfer facility.



News Source – NAV INDIA.

3.Religare Invesco extends NFO of FMP

Religare INVESCO Mutual Fund announced to extend the closing date of NFO of Religare INVESCO Fixed Maturity Plan- Series XIX- Plan E (3 years), from August 6, 2013 to August 13, 2013.

News Source – VALUE RESEARCH ONLINE.

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