Latest Indian Mutual Fund News | 19-Aug-2013



NEW FUND OFFER

1.Reliance MF introduces Fixed Horizon Fund – XXIV – Series 12

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund – XXIV – Series 12, a Close Ended income scheme. The NFO opens for subscription on Aug 19, 2013, and closes on Aug 26, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re. 1 thereafter.

The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Amit Tripathi.

News Source – INDIAN COMMODITY.

DIVIDEND



2.Franklin India High Growth Companies Fund announces dividend

Franklin Templeton Mutual Fund has announced 23 August 2013 as the record date for declaration of dividend under dividend plan and direct-dividend plan of Franklin India High Growth Companies Fund. The amount of dividend will be Rs 0.60 per unit under each plan on the face value of Rs 10 per unit.

News Source – NAV INDIA.

GENERAL

3.JM Floater Short Term Fund announces change in exit load

JM Financial Mutual Fund has announced change in exit load structure under JM Floater Short Term Fund with effect from 19 August 2013. Accordingly, the revised exit load will be nil.

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 19-Aug-2013
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