Latest Indian Mutual Fund News | 25-Nov-2013

1.UTI Launches Fixed Term Income Fund-Series XVII-I

 

UTI Mutual Fund announced the NFO of UTI Fixed Term Income Fund- Series XVII-I (369 Days). The scheme will be available for subscription from November 20, 2013 to November 26, 2013.

News Source – VALUE RESEARCH ONLINE.

 

2.Deutsche MF introduces DWS Hybrid Fixed Term Fund – Series 19

 

Deutsche Mutual Fund has launched the New Fund Offer (NFO) of DWS Hybrid Fixed Term Fund – Series 19, a Close Ended income scheme. The NFO opens for subscription on Nov 20, 2013, and closes on Nov 29, 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 MIP Blended Index and its fund managers are Rakesh Suri and Akash Singhania.

News Source – INDIAN COMMODITY.

 

3.Reliance MF introduces Fixed Horizon Fund – XXV – Series 3

 

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund -XXV -Series 3, a Close Ended income scheme. The NFO opens for subscription on Nov 20, 2013, and closes on Nov 26, 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 Tripathi.

News Source – INDIAN COMMODITY.

 

DIVIDEND

4.Franklin Templeton MF declares dividend under Fixed Tenure Fund-Series XVII

 

Franklin Templeton (MF) has declared dividend under the dividend plan of Franklin Templeton Fixed Tenure Fund-Series XVII. The record date for dividend is November 21, 2013.
The amount of dividend for Individuals & HUF is Rs 0.311 unit and others is Rs 0.298 unit on the face value of Rs 10 per unit. The investment objective of the Plans under the Scheme is to provide investors returns along with capital appreciation through equity exposure.

News Source – INDIAN COMMODITY.

 

DIVIDEND

5.UTI Half Yearly Interval Fund Series 1 declares dividend

 

UTI Mutual Fund has announced dividend under the dividend option of UTI Half Yearly Interval Fund Series 1 Reg. The quantum of dividend shall be the entire distributable surplus as on record date. The record date has been fixed as November 27, 2013.

News Source – VALUE RESEARCH ONLINE.

 

6.Pramerica Mutual Fund declares dividend

 

Pramerica Mutual Fund has announced dividend under the dividend option of Pramerica Fixed Duration Series 10 Reg-D and Pramerica Fixed Duration Series 10 Direct-D. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as November 27, 2013.

News Source – VALUE RESEARCH ONLINE.

 



GENERAL

7.FT India Feeder-Franklin U.S. Opportunities Fund announces change in exit load

 

Franklin Templeton Mutual Fund has announced change in exit load under FT India Feeder-Franklin U.S. Opportunities Fund effective 25 November 2013. Accordingly, the revised exit load will be 1% in respect of each purchase of units if redeemed within 18 months of allotment. All prior investments continue to be subject to the load structure applicable at the time of the respective investment.

News Source – NAV INDIA.

 

8.Mutual funds’ selling continues in equities

 

Mutual funds (MFs) sold shares worth a net Rs 79 crore on Wednesday, 20 November 2013, compared with outflow of Rs 210.70 crore on Tuesday, 19 November 2013.
The net outflow of Rs 79 crore on Wednesday, 20 November 2013, was a result of gross purchases of Rs 322.80 crore and gross sales of Rs 401.90 crore. The S&P BSE Sensex had lost 255.69 points or 1.22% to settle at 20,635.13 on that day, its lowest closing level since 14 November 2013. Mutual funds have sold shares worth a net Rs 1396.50 crore in this month so far (till 20 November 2013).

News Source – NAV INDIA.

NEW FUND OFFER

9.Religare Invesco MF introduces Fixed Maturity Plan – Series XXI – Plan E

 

Religare Invesco Mutual Fund has launched the New Fund Offer (NFO) of Religare Invesco Fixed Maturity Plan – Series XXI – Plan E (370 Days), a Close Ended Income scheme. The NFO opens for subscription on Nov 25, 2013, and closes on Nov 26, 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 Rs. 10 thereafter. The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Nitish Sikan.

News Source – INDIAN COMMODITY.

 

10.Peerless MF introduces Fixed Maturity Plan Series – 5

 

Peerless Mutual Fund has launched the New Fund Offer (NFO) of Peerless Fixed Maturity Plan Series – 5, a close ended income scheme. The NFO opens for subscription on Nov 25, 2013, and closes on Nov 27, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs. 1,000. The investment objective of the scheme is to generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of each Series of the Scheme.

News Source – INDIAN COMMODITY.

 

DIVIDEND

11.Tata Mid Cap Growth Fund declares dividend

 

Tata Mutual Fund has announced dividend at Re 1 per unit in Tata Midcap Growth Plan A-D and Tata Midcap Growth Direct-D. The record date has been fixed as November 28, 2013.

News Source – VALUE RESEARCH ONLINE.

 

12.Reliance Fixed Horizon Fund XXIV Series 14 declares dividend

 

Reliance Mutual Fund has announced dividend under the dividend option of Reliance FHF XXIV Series 14-D and Reliance FHF XXIV Series 14 Direct-D. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as November 28, 2013.

News Source – VALUE RESEARCH ONLINE.

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