Latest Indian Mutual Fund News | 07-Sep-2013



NEW FUND OFFER

1.Religare Invesco Fixed Maturity Plan-Series XX-Plan E (370 Days) extends NFO closing date. NFO will now close on 12 September 2013

 

Religare Mutual Fund has announced extension of the closing date of the New Fund Offer (NFO) period of Religare Invesco Fixed Maturity Plan-Series XX-Plan E (370 Days), a close ended debt scheme from 10 September 2013 to 12 September 2013.

News Source – NAV INDIA.

 

2.Axis Mutual Fund Launches 92 Days FTP Series 38.NFO period is from 06 September to 10 September 2013

 

Axis Mutual Fund has launched a new plan named as Axis Fixed Term Plan – Series 38 (92 Days), a close ended debt scheme. The duration of the scheme is 92 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 06 September to 10 September 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 0%-100% of assets in debt instruments including securitized debt and 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 – NAV INDIA.

 



3.UTI launches Fixed Term Income Fund

 

UTI Mutual fund announced the NFO of UTI Fixed Term Income Fund- Series XVI- V (731 Days). The NFO is available for subscription from September 6, 2013 to September 12, 2013.

News Source – VALUE RESEARCH ONLINE.

 

GENERAL

4.LIC Nomura Mutual Fund revises SIP, STP and minimum subscription amount in schemes

 

Effective September 12, 2013, LIC Nomura Mutual Fund has revised the minimum subscription, SIP and STP amount in its schemes. Minimum subscription amount in LIC Nomura MF Liquid Fund has changed to Rs 5,000 against the previous Rs 25,000. Minimum subscription amount in LIC Nomura MF Income Plus Fund has changed to Rs 5,000 instead of previous Rs 5,00,000.
Minimum SIP amount in LIC Nomura MF Liquid Fund, LIC Nomura MF Income Plus Fund and LIC Nomura MF Saving Plus Fund is Rs 1,000.
Minimum STP amount in LIC Nomura MF Liquid Fund, LIC Nomura MF Income Plus Fund and LIC Nomura MF Saving Plus Fund is Rs 500.

News Source – VALUE RESEARCH ONLINE.

Latest Indian Mutual Fund News | 07-Sep-2013
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