Latest Indian Mutual Fund News | 27-Nov-2013

1.Reliance Close Ended Equity Fund – Series A Floats On. NFO period is from 15 November to 29 November 2013

Reliance Mutual Fund has launched a new fund named as Reliance Close Ended Equity Fund – Series A. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The tenure of the scheme shall be 5 years from the date of allotment. The new issue will remain open for subscription from 15 November to 29 November 2013.
The investment objective of the scheme is to provide capital appreciation to the investors, which will be in line with their long term savings goal, by investing in a diversified portfolio of equity & equity related instruments with small exposure to fixed income securities. Although, the objective of the Fund is to generate optimal returns, the objective may or may not be achieved.
The scheme offers growth option, dividend payout option, direct plan – growth option and direct plan – dividend payout option. Reliance Close Ended Equity Fund – Series A will allocate 80% to 100% of assets in equity and equity related instruments with high to medium risk profile and it would allocate upto 20% of assets in debt and money market instruments with medium to low risk profile.

News Source – NAV INDIA.

2.Axis MF introduces Fixed Term Plan – Series 43

Axis Mutual Fund has launched the New Fund Offer (NFO) of Axis Fixed Term Plan – Series 43 (511 days), a Close Ended Income scheme. The NFO opens for subscription on Nov 26, 2013, and closes on Dec 4, 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 Kedar Karnik .

News Source – INDIAN COMMODITY.



3.Baroda Pioneer MF introduces Fixed Maturity Plan -Series H

Baroda Pioneer Mutual Fund has launched the New Fund Offer (NFO) of Baroda Pioneer Fixed Maturity Plan – Series H, a Close Ended income scheme. The NFO opens and closes for subscription on Nov 26, 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 Liquid Fund Index and its fund managers are Alok Sahoo and Hetal Shah.

News Source – INDIAN COMMODITY.

4.Tata MF introduces Fixed Maturity Plan Series 46-Scheme A

Tata Mutual Fund has launched the New Fund Offer (NFO) of Tata Fixed Maturity Plan Series 46-Scheme A (366 days maturity), a close ended income scheme. The NFO opens for subscription on Nov 25, 2013, and closes onDec 2, 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 Short Term Bond Fund Index and its fund manager is Amit Somani.

News Source – INDIAN COMMODITY.

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