Latest Indian Mutual Fund News | 26-Sep-2013



1.JM Financial MF introduces Fixed Maturity Fund – Series XXIV – Plan B

JM Financial Mutual Fund has launched the New Fund Offer (NFO) of JM Fixed Maturity Fund – Series XXIV – Plan B (JM FMF – XXIV – B), a close ended income scheme. The NFO opens and closes for subscription on Sep 25, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 for each option and in multiples of Rs 10 thereafter.
The scheme’s performance will be benchmarked against CRISIL Liquid Fund Index and its fund managers are Girish Hisaria and Vikas Agrawal. The investment objective of the scheme is seeking to generate regular returns and capital appreciation through investments in fixed income securities maturing on or before the date of the maturity of the scheme.

News Source – INDIAN COMMODITY.

2.Axis MF introduces Fixed Term Plan – Series 41

Axis Mutual Fund has launched the New Fund Offer (NFO) of Axis Fixed Term Plan – Series 41 (546 days), a close ended debt scheme. The NFO opens for subscription on Sep 23, 2013, and closes on Oct 3, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000 in multiples of Re. 10 thereafter.
The scheme’s performance will be benchmarked against CRISIL Short-Term Bond Fund Index and its fund manager is Kedar Karnik. The investment objective of the scheme is to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan(s).

News Source – INDIAN COMMODITY.

3.Deutsche MF introduces Fixed Maturity Plan- Series 39

Deutsche Mutual Fund has launched the New Fund Offer (NFO) of DWS Fixed Maturity Plan- Series 39 (DFMP-39), a close ended debt scheme. The NFO opens and closes for subscription on Sep 25, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Rakesh Suri. The investment objective for each Plan(s) under 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.

News Source – INDIAN COMMODITY.



DIVIDEND

4.Reliance Mutual Fund: Dividend Declaration

Reliance Mutual Fund has announced dividend at Rs 0.0839 in Reliance FHF XXIV Series 14-D and Rs 0.0854 per unit in Reliance FHF XXIV Series 14 Direct-D. The record date has been fixed as September 30, 2013.

News Source – VALUE RESEARCH ONLINE.

5.Tata Mutual Fund: Dividend Declaration

Tata Mutual Fund has announced dividend at Rs 0.25 per unit in Tata Equity PE Dividend Trigger A Plan A-D and Tata Equity PE Dividend Trigger A Direct-D. The record date has been fixed as September 30, 2013.
The fund house also announced dividend under the dividend option of Tata Fixed Income Portfolio Scheme B3 Plan A-DQ and Tata Fixed Income Portfolio Scheme B3 Reg-DQ. The quantum of dividend will be the entire distributable surplus as on the record date September 30, 2013.

News Source – VALUE RESEARCH ONLINE.

Latest Indian Mutual Fund News | 26-Sep-2013
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