Latest Indian Mutual Fund News | 14-Aug-2013

NEW FUND OFFER

1.Deutsche MF introduces Fixed Maturity Plan- Series 33

Deutsche Mutual Fund has launched the New Fund Offer (NFO) of DWS Fixed Maturity Plan- Series 33 (DFMP-33), a Close Ended income scheme. The NFO opens for subscription on Aug 13, 2013, and closes on Aug 20, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Kumaresh Ramkrishnan.
The investment 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

News Source – INDIAN COMMODITY.

2.Reliance Fixed Horizon Fund XXIV- Series 9: Extension of NFO

Reliance Mutual Fund has announced the extension of NFO of Reliance Fixed Horizon Fund XXIV- Series 9 fromTuesday, August 13, 2013 to Monday, August 19, 2013.

News Source – VALUE RESEARCH ONLINE.



GENERAL

3.Principal Mutual: Revision of exit load under debt schemes

Principal Mutual Fund has announced a revision of exit load under the following schemes:
Principal Debt Saving Fund – Retail Plan: Load has been revised from 1% if redeemed before 1 year to 1% if redeemed before 30 days.
Principal Retail Equity Saving Fund: The load has been revised from 1% if redeemed before 1 year to 1% if redeemed before 30 days.

News Source – VALUE RESEARCH ONLINE.

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