Latest Indian Mutual Fund News | 15-Nov-2013

1.Reliance Mutual Fund extends NFO of R*Shares Nifty ETF

Reliance Mutual Fund extended the closing date of NFO of R*Shares Nifty ETF from November 15, 2013 to November 19, 2013.

News Source – VALUE RESEARCH ONLINE.

DIVIDEND

2.UTI Quarterly Interval Fund Series III declares dividend

UTI Mutual Fund has announced dividend under the dividend option of UTI Q Interval Fund Sr III Reg-D, UTI Q Interval Fund Sr III Reg Direct-D and UTI Q Interval Fund Sr III Inst-D. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as November 19, 2013.

News Source – VALUE RESEARCH ONLINE.

3.Religare MF declares dividend under FMP-Series XX-Plan A

Religare (MF) has declared dividend under dividend option and direct plan-dividend option of Religare Invesco Fixed Maturity Plan-Series XX-Plan A (90 Days), a close ended debt scheme. The record date for dividend isNovember 19, 2013. The amount of dividend will be entire distributable surplus as on the record date on the face value of Rs 10 per unit.
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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

News Source – INDIAN COMMODITY.

NEW FUND LAUNCH

4.DWS Mutual Fund files offer document for DWS Fixed Maturity Plan- Series 46 to 55

DWS Mutual Fund has filed offer document with SEBI to launch Close Ended Debt Fund named as “DWS Fixed Maturity Plan-Series 46 to 55”. The New Fund Offer price is Rs 10 per unit. Entry and exit load charges will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 20 crore.
The scheme will be benchmarked against Tenure less than 3 months- CRISIL Liquid Fund Index, Tenure more than 3 months up to 36 months -CRISIL Short Term Bond Fund Index and Tenure more than 36 months up to 60 months- CRISIL Composite Bond Fund Index. The minimum application amount is Rs 5,000 per application and in multiples of Re.1 thereafter.

News Source – INDIAN COMMODITY.

5.Reliance MF introduces Fixed Horizon Fund – XXV – Series 2

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund – XXV – Series 2, a Close Ended income scheme. The NFO opens for subscription on Nov 13, 2013, and closes on Nov 20, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 5,000 and in multiples of Re. 1 thereafter. The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Amit Tripath.
The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of the following securities which are maturing on or before the date of maturity of the scheme with the object of limiting interest rate volatility – Central and State Government securities and other fixed income/ debt securities

News Source – INDIAN COMMODITY.



 

DIVIDEND

6.LIC Nomura MF declares dividend under Interval Fund Series 2-Quarterly

LIC Nomura (MF) has declared dividend under LIC Nomura MF Interval Fund Series 2-Quarterly. The record date for dividend is November 18, 2013. The quantum of dividend will be the entire distributable surplus as on record date on the face value of Rs 10 per unit.

News Source – INDIAN COMMODITY.

 

7.Axis Mutual Fund introduces Dividend Sweep Option

Axis Mutual Fund introduced Dividend Sweep Option for all the schemes barring the Axis Gold ETF. Following funds can be the source or target schemes to avail the facility.
Axis Liquid Fund Axis Treasury Advantage Fund Axis Banking Debt Fund Axis Equity Fund Axis Long Term Equity Fund Axis Midcap Fund Axis Focused 25 Fund Axis Triple Advantage Fund Axis Income Saver Axis Gold Fund Axis Dynamic Bond Fund Axis Income Fund Axis Constant Maturity 10 Year Fund.
The Minimum Application Amount specified for the respective Target Scheme will not be applicable under the DSO facility. However, the minimum dividend to be transferred has to be Rs 1,000. In case the dividend sweep is less than Rs 1,000, it will be re-invested in the source scheme.

News Source – VALUE RESEARCH ONLINE.

 

GENERAL

8.Religare Invesco Active Income Fund announces change in load structure

Religare Invesco Mutual Fund has decided to revise the load structure for investment under all the plans/options of Religare Invesco Active Income Fund, an open ended income scheme. Accordingly, the revised entry load and exit load will be nil. The aforesaid change will be applicable on a prospective basis from 15 November 2013 in respect of investments made in the scheme on or after the effective date.

News Source – NAV INDIA.

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