Latest Indian Mutual Fund News | 17-Sep-2013 | Reliance, UTI

NEW FUND OFFER

1.Religare Fixed Maturity Plan – Series XX – Plan F Floats On. NFO period is from 16 September to 17 September 2013

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan – Series XX – Plan F (370 Days), a close ended debt scheme. The tenure of the scheme is 370 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 on 16 September and closes on 17 September 2013.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.
The scheme offers growth & dividend payout option. The scheme shall invest upto 100% of its asset in debt instruments including money market instruments with low risk profile. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

News Source – NAV INDIA.

2.Pramerica extends NFO of its Fixed Duration Fund- Series 15

Pramerica Mutual Fund extended the closure date of NFO of Pramerica Fixed Duration Fund- Series 15, a 371 days scheme. The closing date has been changed from September 18, 2013 to September 24, 2013. Accordingly, the NFO will be available for subscription from September 16, 2013 to September 24, 2013.

News Source – VALUE RESEARCH ONLINE.

DIVIDEND



3.Reliance Mutual Fund announces dividend under various schemes

Reliance Mutual Fund has announced 20 September 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:
Reliance Medium Term Fund-Dividend Plan-Quarterly Dividend Plan: 0.0745, Reliance Medium Term Fund-Direct Plan-Dividend Plan-Quarterly Dividend Plan: 0.0851, Reliance Monthly Income Plan- Dividend Plan-Quarterly Dividend Option: 0.2000, Reliance Monthly Income Plan-Direct Plan- Dividend Plan-Quarterly Dividend Option: 0.2170, Reliance Tax Saver (ELSS) Fund-Dividend Plan: 0.2500, Reliance Tax Saver (ELSS) Fund-Direct Plan-Dividend Option: 0.3000

News Source – NAV INDIA.

GENERAL

4.UTI Mutual Fund announces change

UTI Mutual Fund has announced change in minimum investment amount for switchover from Existing Plan to Direct Plan or vice versa with effect from 16 September 2013. Accordingly, the minimum investment amount under the direct plan will be:
In case of already existing investments under the Existing Plan, if the investor wants to further invest in the Direct Plan he/she will be required to invest the minimum investment amount of the scheme, as applicable for that Scheme / Plan / Option / facility etc. However, this minimum investment amount requirement is not applicable in case of switchover from Existing Plan to Direct Plan or vice versa under the same Scheme and same Option.

News Source – NAV INDIA.






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