Latest Indian Mutual Fund News | 04-Dec-2013

1.UTI Mutual Fund files offer document for Medium Term Fund

UTI Mutual Fund has filed offer document with SEBI to launch an open ended money market scheme named as “UTI Medium Term Fund”. 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 CRISIL Composite Bond Fund Index. The minimum application amount is Rs 5,000 and in multiples of Re. 1 thereafter.

News Source – INDIAN COMMODITY.

2.Baroda Pioneer Mutual Fund files offer document for Money Market Opportunities Fund

Baroda Pioneer Mutual Fund has filed offer document with SEBI to launch an open ended money market scheme named as “Baroda Pioneer Money Market Opportunities Fund”. 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 CRISIL Liquid Fund index. The minimum application amount is Rs 5,000 and in multiples of Re. 1 thereafter.

News Source – INDIAN COMMODITY.

3.Axis MF introduces Fixed Term Plan – Series 44 (91 days)

Axis Mutual Fund has launched the New Fund Offer (NFO) of Axis Fixed Term Plan – Series 44 (91 days), a close ended income scheme. The NFO opens for subscription on Dec 3, 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 Liquid Fund Index and its fund manager is Kedar Karnik.

News Source – INDIAN COMMODITY.

DIVIDEND

1.Edelweiss Diversified Growth Equity Top 100 fund declares dividend

Edelweiss Mutual Fund has announced dividend under the dividend option of Edelweiss Diversified Growth Equity Top 100 fund. The quantum of dividend shall be Rs 0.5 per unit. The record date has been fixed as December 06, 2013.



News Source – VALUE RESEARCH ONLINE.

2.Religare Invesco Arbitrage and Religare Invesco FMP Series XVI Plan C (367D) declares dividend

Religare Invesco Mutual Fund has announced dividend under the dividend option of Religare Invesco Arbitrage fund. The quantum of dividend shall be Rs 0.1 per unit. The fund house also announced dividend under the dividend option of Religare Invesco FMP Series XVI Plan C (367D). The quantum of dividend shall be the entire distributable surplus as on record date. The record date has been fixed as December 05, 2013.

News Source – VALUE RESEARCH ONLINE.

3.Reliance Interval Fund – Quarterly Interval Fund Series III Announces Dividend

Reliance Mutual Fund has announced 06 December 2013 as the record date for declaration of dividend under the Dividend Option, Institutional Plan-dividend option and Direct Plan-dividend option of Reliance Interval Fund-Quarterly Interval Fund Series III. The amount of dividend on the face value of Rs 10 per unit will be Rs 0.2269 per unit for dividend option, Rs 0.2265 per unit for institutional plan and Rs 0.2290 per unit for direct plan.

News Source – NAV INDIA.

GENERAL

4.Change in load structure of Baroda Pioneer Short Term Bond Fund

Baroda Pioneer Mutual Fund revised the exit load of Baroda Pioneer Short Term Bond Fund from previous 0.10 per cent (for redemption within 15 days) to 0.50 per cent for redemption within 180 days. The change will be effective from December 5, 2013.

News Source – VALUE RESEARCH ONLINE.

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