Latest Indian Mutual Fund News | 26-Aug-2013



NEW FUND OFFER

1.Baroda Pioneer Fixed Maturity Plan – Series D Floats On. NFO remains open only on 26 August 2013

Baroda Pioneer Mutual Fund has launched a new fund named as Baroda Pioneer Fixed Maturity Plan – Series D, a close ended debt scheme with duration of 91 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 only on 26 August 2013.
The investment objective of the scheme is to generate regular returns by investing in a portfolio comprising of Debt Instruments and Money Market Instruments maturing on or before the maturity of the scheme.
The scheme offers growth & dividend payout option.
The scheme would allocate up to 100% of assets in domestic debt instruments & money market instruments with low to medium risk profile. The scheme will not invest in securitized debt.

News Source – INDIA INFOLINE.

2.Axis Mutual Fund Launches 746 Days FTP Series 37. NFO period is from 26 August to 29 August 2013

Axis Mutual Fund has launched a new plan named as Axis Fixed Term Plan – Series 37 (746 Days), a close ended debt scheme. The duration of the scheme is 746 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 26 August to 29 August 2013.
The plan of the scheme will endeavour to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the plan.
The scheme offers two options viz. growth and dividend option. Dividend option offers payout facility.
The scheme will allocate 60%-100% of assets in debt instruments including securitized debt with low to medium risk profile and also invest upto 40% in money market instruments. Investment in securitized debt would be upto 50% of the net assets of the scheme. The scheme shall not invest in foreign securitized debt. Investment in derivatives shall be up to 50% of the net assets of the scheme.



News Source – INDIA INFOLINE.

DIVIDEND

3.Canara Robeco Mutual Fund announces dividend under two schemes

Canara Robeco Mutual Fund has announced 30 August 2013 as the record date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
Canara Robeco Infrastructure Scheme-Regular Plan-Dividend option & Direct Plan-Dividend option: 0.85 each
Canara Robeco Nifty Index Scheme- Regular Plan-Dividend option & Direct Plan-Dividend option: 0.95 each

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 26-Aug-2013
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