Latest Indian Mutual Fund News | 18-Oct-2013

1.LIC Nomura MF introduces Capital Protection Oriented Fund Series 1

LIC Nomura Mutual Fund has launched the New Fund Offer (NFO) of LIC Nomura MF Capital Protection Oriented Fund Series 1, a close ended income scheme. The NFO opens for subscription on Oct 17, 2013, and closes onOct 31, 2013. No entry load or exit load will be applicable for the scheme and the minimum subscription amount is Rs 5,000.
The investment objective of the scheme is seeks to achieve capital protection by investing in fixed income securities maturing on or before the tenure of the scheme and seeks capital appreciation by investing in equity and equity related instruments.

News Source – INDIAN COMMODITY.

2.Reliance MF introduces Dual Advantage Fixed Tenure Fund IV – Plan D

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Dual Advantage Fixed Tenure Fund IV – Plan D, a close ended income scheme. The NFO opens for subscription on Oct 17, 2013, and closes on Oct 31, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 per option and in multiples of Re 1 thereafter.
The scheme’s performance will be benchmarked against CRISIL MIP Blended Fund Index and its fund managers are Sanjay H. Parekh and Anju Chajjer. The investment objective of the scheme is seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure.

News Source – INDIAN COMMODITY.

3.Deutsche MF introduces Fixed Maturity Plan- Series 40

Deutsche Mutual Fund has launched the New Fund Offer (NFO) of DWS Fixed Maturity Plan- Series 40(DFMP-40), a Close Ended income scheme. The NFO opens for subscription on Oct 17, 2013, and closes on Oct 31, 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 Composite Bond Fund Index and its fund manager is Rakesh Suri. The investment objective of 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.

GENERAL

4.Mutual funds step up selling

Mutual funds (MFs) sold shares worth a net Rs 148.40 crore on Monday, 14 October 2013, which was higher than outflow of Rs 54.20 crore on Friday, 11 October 2013.
The net outflow of Rs 148.40 crore on Monday, 14 October 2013, was a result of gross purchases of Rs 210.50 crore and gross sales of Rs 358.90 crore. The S&P BSE Sensex had garnered 78.95 points or 0.38% to settle at 20,607.54 on that day, its highest closing level since 19 September 2013. Mutual funds have sold shares worth a net Rs 763.20 crore in this month so far (till 14 October 2013).

News Source – INDIAN COMMODITY.

Latest Indian Mutual Fund News | 18-Oct-2013
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