Latest Indian Mutual Fund News | 19-Oct-2013 | Tata, UTI, Axis, Religare

1.Tata Fixed Maturity Plan Series 45 Scheme B extends NFO period

Tata Mutual Fund has announced that the closing date for the New Fund Offer (NFO) of Tata Fixed Maturity Plan Series 45 Scheme B, a close ended debt scheme has been extended till 29 October 2013.

News Source – NAV INDIA.

2.UTI MF introduces FTIF Series XVI “IX (368 DAYS)

UTI Mutual Fund has launched the New Fund Offer (NFO) of UTI FTIF Series XVI – IX (368 DAYS), a Close Ended income scheme. The NFO opens for subscription on Oct 18, 2013, and closes on Oct 23, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs.5000 & in multiple of Rs 10 under all options.
The investment objective of the scheme is to generate returns by investing in portfolio of fixed income securities maturing on or before the date of maturity of the scheme. However the scheme does not guarantee / indicate any return. There is no assurance that the funds

News Source – INDIAN COMMODITY.

3.Axis MF introduces Fixed Term Plan – Series 42 (552 days)

Axis Mutual Fund has launched the New Fund Offer (NFO) of Axis Fixed Term Plan – Series 42 (552 days), a close ended income scheme. The NFO opens for subscription on Oct 18, 2013, and closes on Oct 24, 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.

NEW FUND LAUNCH

4.Religare Invesco Mutual Fund files offer document for Religare Invesco Asia Consumer Demand Fund

Religare Invesco Mutual Fund has filed offer document with SEBI to launch an Open ended Fund of Funds Scheme named as “ Religare Invesco Asia Consumer Demand Fund�. The New Fund Offer price is Rs 10 per unit. Entry load charges will be nil for the scheme and exit load in respect of each purchase/switch-in of units, an exit load of 1% is payable if units are redeemed/ switched-out on or before 1 year from the date of allotment and respect of each purchase/switch-in of units, no exit load is payable if units are redeemed/switched-out after 1 year from the date of allotment. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore. The scheme will be benchmarked against MSCI AC Asia ex Japan Index-ND .The minimum application amount is Rs 5000 and in multiple of Rs 1 thereafter.

News Source – INDIAN COMMODITY.






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