Latest Indian Mutual Fund News | 12-Sep-2013 | Religare, Baroda MF, JM Financial

NEW FUND OFFER

1.JM Financial launches Fixed Maturity Fund- Series XXIV

JM Financial Mutual Fund announced the NFO of JM Fixed Maturity Fund- Series XXIV- Plan A, a 91 Days scheme. The NFO will open and close on September 12, 2013.

News Source – VALUE RESEARCH ONLINE.

 

GENERAL

2.Religare Invesco Medium Term Bond Fund announces change in load structure

 

Religare Mutual Fund has announced change in load structure under Religare Invesco Medium Term Bond Fund, an open ended income scheme. Accordingly, the revised load structure will be: Entry load: Nil Exit load:
In respect of each purchase/switch-in of units, an exit load of 0.50% is payable if units are redeemed/switched-out on or before 45 days from the date of allotment.
In respect of each purchase/switch-in of units, no exit load is payable if units are redeemed/switched-out after 45 days from the date of allotment. Switch between the plans under the scheme: For switch to direct plan:
-Transaction not routed through distributor: Nil
-Transaction routed through distributor: Applicable exit load
For switch from direct plan: Nil
The aforesaid change will be applicable on a prospective basis from 12 September 2013 in respect of investments made in the scheme on or after the effective date.

News Source – NAV INDIA.

 



3.Mutual funds continue selling

 

Mutual funds sold shares worth net Rs 75.90 crore on Friday, 6 September 2013, compared with net outflow of Rs 222.80 crore on Thursday, 5 September 2013.
The net outflow of Rs 75.90 crore on 6 September 2013 was a result of gross purchases of Rs 505.40 crore and gross sales of Rs 581.20 crore. The S&P BSE Sensex had jumped 290.30 points or 1.53% to settle at 19,270.06 on that day, its highest closing level since 14 August 2013. Mutual funds have sold shares worth a net Rs 549.10 crore in September 2013 so far (till 6 September 2013).

News Source – NAV INDIA.

 

NEW FUND LAUNCH

4.Baroda Pioneer launches two FMPs

 

Baroda Pioneer Fixed Maturity Plan- Series F, a 91 days scheme, will be available for subscription from September 11, 2013 to September 17, 2013.
Baroda Pioneer Fixed Maturity Plan- Series G a 369 days scheme, will be available for subscription fromSeptember 13, 2013 to September 18, 2013.

News Source – VALUE RESEARCH ONLINE.

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