1.Reliance Interval Fund II – Series 1 Floats On. NFO remains open only on 3 October 2013
Reliance Mutual Fund has launched a new fund named as Reliance Interval Fund II – Series 1, a debt oriented interval scheme. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will remain open for subscription only on 3 October 2013.
The tenure of the scheme shall be of 367 days. The first specified transaction date would be the 367th & 368th day for Reliance Interval Fund II – Series 1 from the date of allotment.
The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities which are maturing on or before the next specified transaction date of the scheme with the objective of limiting interest rate volatility.
The scheme offers growth plan, dividend plan (having dividend payout and dividend reinvestment option), direct plan – growth plan, direct plan – dividend plan (having dividend payout and dividend reinvestment option).
Reliance Interval Fund II – Series 2 will allocate 60% to 100% of assets in money market instruments with low risk profile. And it would allocate upto 40% of assets in government securities & debt instruments with low to medium risk profile.
News Source – NAV INDIA.
UTI Mutual Fund has announced dividend under the dividend option of the following schemes: UTI Q Interval Fund Sr VII Reg Direct and UTI Q Interval Fund Sr VII Reg. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as October 08, 2013.
News Source – VALUE RESEARCH ONLINE.
Mirae Asset Mutual Fund has announced 07 October 2013 as the record date for declaration of dividend under the institutional plan- quarterly dividend option and direct plan- quarterly dividend option of Mirae Asset Ultra Short Term Bond Fund, an open ended debt fund for the face value of Rs 1000.
The quantum of dividend (Rs per unit) will be Rs 21 for institutional plan- quarterly dividend option and Rs 23 direct plan- quarterly dividend option.
News Source – INDIA INFOLINE.