Latest Indian Mutual Fund News | 13-Sep-2013

NEW FUND OFFER

1.DWS Fixed Maturity Plan – Series 37 Floats On. NFO period is from 10 September to 16 September 2013

Deutsche Mutual Fund has unveiled a new fund named as DWS Fixed Maturity Plan – Series 37, 660 days close ended debt fund. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 10 September to 16 September 2013.
The objective of the scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme.
The scheme offers regular option and direct option. Direct plan is only for investors who purchase /subscribe units in a scheme directly with the fund and is not available for investors who route their investments through a distributor.
Dividend payout (regular, monthly, quarterly and annual) and growth are the sub-options offered under the scheme.
The scheme shall invest 50%-100% in domestic debt instruments including government securities excluding money market instruments and invest upto 50% in money market instruments with low risk profile.

News Source – NAV INDIA.

2.JM Financial MF Launches 91 Days Fixed Maturity Plan. NFO remains open only on 12 September 2013

JM Financial Mutual Fund has launched a new fund named as JM Fixed Maturity Fund – Series XXIV – Plan A, a close ended income fund offering fixed maturity plans. The duration of the scheme will be 91 days from the date of allotment of units. During the New Fund Offer (NFO) period, units of the scheme will be offered at Rs 10 per unit. The new issue will be open for subscription only on 12 September 2013.
The investment objective of the scheme is to generate regular returns through investments in fixed income securities maturing on or before the date of the maturity of the scheme.

News Source – NAV INDIA.



DIVIDEND

3.Religare Invesco FMP Series XV Plan F (369D) declares dividend

Religare Invesco Mutual Fund has announced dividend under the dividend option of Religare Invesco FMP Series XV Plan F (369D). The quantum of dividend shall be the entire distributable surplus as on record date. The record date has been fixed as September 17, 2013.

News Source – VALUE RESEARCH ONLINE.

Latest Indian Mutual Fund News | 13-Sep-2013
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