NEW FUND OFFER

1.Religare Fixed Maturity Plan – Series XX – Plan E Floats On. NFO period is from 05 September to 10 September 2013

Religare Mutual Fund has launched a new fund named as Religare Fixed Maturity Plan – Series XX – Plan E (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 05 September and closes on 10 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.

DIVIDEND

2.Reliance Fixed Horizon Fund XXII Series 25 announces dividend

Reliance Mutual Fund has announced 10 September 2013 as the record date for declaration of dividend under the dividend payout option of Reliance Fixed Horizon Fund XXII Series 25. The amount of dividend will be Rs 0.10 per unit on the face value of Rs 10 per unit.



News Source – NAV INDIA.

GENERAL

3.Principal Retail Money Manager Fund revises exit load

Principal Mutual Fund removed the exit load from Principal Retail Money Manager Fund, with effect from September 5, 2013. The scheme earlier charged load at 0.50 per cent for redemptions within a month, which is now NIL.

News Source – VALUE RESEARCH ONLINE.

Latest Mutual Fund News | 06-Sep-2013 | Reliance, Principal, Religare
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