Latest Indian Mutual Fund News | 23-Aug-2013 | LIC, UTI, Reliance, Religare, IndiaBulls

NEW FUND OFFER

1.UTI launches a 368 days FMP

UTI Mutual Fund announced the NFO of UTI Fixed Term Income Fund- Series XVI- III (368 Days). The scheme is available for subscription from August 22, 2013 to August 28, 2013.

News Source – VALUE RESEARCH ONLINE.

2.LIC Nomura MF Launches Fixed Maturity Plan – Series 69. NFO period is from 22 August to 27 August 2013

LIC Nomura Mutual Fund has launched a new fund named as LIC Nomura MF Fixed Maturity Plan – Series 69, a close ended income scheme with the duration of 210 days. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 22 August to 27 August 2013. The units of the scheme will be listed on National Stock Exchange of India, in order to provide liquidity.
The investment objective of the scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before the date of the maturity of the scheme. The scheme offers two options viz. growth and dividend payout option.
The scheme would allocate upto 20% of assets in debt and 80%-100% of the asset would be invested in money market instruments with low to medium risk profile. Debt includes securitized debt upto 20%.

News Source – NAV INDIA.

3.Reliance Dual Advantage Fixed Tenure Fund – IV – Plan B Floats On. NFO Period from 16 August to 30 August 2013

Reliance Mutual Fund has unveiled a new fund named as Reliance Dual Advantage Fixed Tenure Fund – IV – Plan B, a close ended hybrid scheme with the duration of 1103 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 from 16 August and close on 30 August 2013.
The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure. The scheme offers two options viz. growth and dividend payout option.
The scheme will allocate 65% to 95% of assets in debt securities with low to medium risk profile, upto 30% of assets in money market instruments with low to medium risk profile and 5% to 20% of assets in equities & equity related instruments (including options premium) with medium to high risk profile.



News Source – NAV INDIA.

4.Indiabulls MF introduces Short Term Fund

Indiabulls Mutual Fund has launched the New Fund Offer (NFO) of Indiabulls Short Term Fund, an Open Ended income scheme. The NFO opens for subscription on August 22, 2013, and closes on Sep 9, 2013. No entry load will be applicable for the scheme. Exit load is 0.25% if units are redeemed/switched out within 30 days from the date of allotment. The minimum subscription amount is Rs. 1,000.

News Source – INDIAN COMMODITY.

5.Religare Invesco MF introduces Fixed Maturity Plan – Series XX – Plan B (601 Days)

Religare Invesco Mutual Fund has launched the New Fund Offer (NFO) of Religare Invesco Fixed Maturity Plan – Series XX – Plan B (601 Days), a close ended income scheme. The NFO opens for subscription on Aug 22, 2013, and closes on Aug 29, 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 Rs 10 thereafter.

News Source – INDIAN COMMODITY.

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