Latest Indian Mutual Fund News | 20-Sep-2013

NEW FUND OFFER

1.Religare Fixed Maturity Plan – Series XXI – Plan B Floats On. NFO period is from 19 September to 24 September 2013

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan – Series XXI – Plan B (578 Days), a close ended debt scheme. The tenure of the scheme is 578 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 19 September and closes on 24 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 70%-100% of its asset in debt instruments with low to medium risk profile and invest upto 30% in money market instruments with low risk profile. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

News Source – NAV INDIA.

2.Baroda Pioneer Fixed Maturity Plan – Series I Floats On. NFO period is from 19 September to 23 September 2013

Baroda Pioneer Mutual Fund has launched a new fund named as Baroda Pioneer Fixed Maturity Plan – Series I, a close ended debt scheme with duration of 366 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 19 September and closes on23 September 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. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

News Source – NAV INDIA.



DIVIDEND

3.LIC Nomura Mutual Fund: Dividend Declaration

LIC Nomura Mutual Fund has announced dividend at Rs 0.077927 per unit in LIC Nomura MF MIP-DQ, LIC Nomura MF MIP Direct-DQ, LIC Nomura MF Floater MIP-DQ and LIC Nomura MF Floater MIP Direct-DQ. The record date has been fixed as September 24, 2013.

News Source – VALUE RESEARCH ONLINE.

4.UTI Quarterly Interval Fund declares dividend

UTI Mutual Fund has announced dividend under the dividend option of UTI Q Interval Fund Sr 1 Inst-D and UTI Q Interval Fund Sr 1 Reg-D.
The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as September 24, 2013.

News Source – VALUE RESEARCH ONLINE.

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