Latest Indian Mutual Fund News | 19-Dec-2013

1.Baroda Pioneer MF introduces Fixed Maturity Plan – Series J

Baroda Pioneer Mutual Fund has launched the New Fund Offer (NFO) of Baroda Pioneer Fixed Maturity Plan – Series J, a close ended income scheme. The NFO opens for subscription on Dec 17, 2013, and closes on Dec 19, 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 managers are Alok Sahoo and Hetal Shah.

News Source – INDIAN COMMODITY.

2.Tata MF introduces Fixed Maturity Plan Series 46- Scheme F

Tata Mutual Fund has launched the New Fund Offer (NFO) of Tata Fixed Maturity Plan Series 46- Scheme F, a Close Ended Income scheme. The NFO opens for subscription on Dec 17, 2013, and closes on Dec 18, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of Fixed Income Instruments having maturity in line with the maturity of a scheme. The maturity of all investments shall be equal to or less than the maturity of a 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

3.AXIS Mutual Fund files offer document for Hybrid Fund-Series 11-13

AXIS Mutual Fund has filed offer document with SEBI to launch a Close ended debt scheme named as “AXIS Hybrid Fund-Series 11-13”. 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 MIP Blended Fund Index. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.

News Source – INDIAN COMMODITY.

4.UTI Mutual Fund files offer document for Multi Cap Fund

UTI Mutual Fund has filed offer document with SEBI to launch an open-ended diversified equity fund named as “UTI Multi Cap 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 Less than 1 year-1% and Greater than or equal to 1 year-Nil. The scheme will be benchmarked against S&P BSE 200. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter.

News Source – INDIAN COMMODITY.

NEW FUND OFFER

1.Religare Invesco MF introduces Fixed Maturity Plan – Series 22- Plan D (367 Days)

Religare Invesco Mutual Fund has launched the New Fund Offer (NFO) of Religare Invesco Fixed Maturity Plan – Series 22- Plan D (367 Days), a Close Ended Income scheme. The NFO opens for subscription on Dec 13, 2013, and closes on Dec 16, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 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 Nitish Sikand.

News Source – INDIAN COMMODITY.

2.Reliance MF introduces Fixed Horizon Fund – XXV – Series 9

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Fixed Horizon Fund – XXV – Series 9, a Close Ended Income scheme. The NFO opens for subscription on Dec 13, 2013, and closes on Dec 19, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 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.

News Source – INDIAN COMMODITY.

DIVIDEND

3.UTI Fixed Income Interval Fund – Monthly Interval Plan I Announces Dividend

UTI Mutual Fund has announced 17 December 2013 as the record date for declaration of dividend under dividend sub option of UTI Fixed Income Interval Fund – Monthly Interval Plan I. The rate of dividend (Rs per unit) will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.

News Source – NAV INDIA.

NEW FUND OFFER

1.Religare Invesco extends NFO of Religare Invesco FMP- Series 22- Plan C (503 Days)

Religare Invesco Mutual Fund extended the NFO of Religare Invesco Fixed Maturity Plan- Series 22- Plan C (503 Days) to December 18, 2013, against the previous December 12, 2013.



News Source – VALUE RESEARCH ONLINE.

2.IDBI MF introduces FMP Series III 494 Days (December 2013) -O

IDBI Mutual Fund has launched the New Fund Offer (NFO) of IDBI FMP Series III 494 Days (December 2013) -O, a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 20, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Ganti N Murthy. The investment objective of the scheme is to generate income through investments in Debt and Money Market Instruments. In accordance with SEBI Circular No SEBI/IMD/ CIR No. 12/147132/08 dated December 11, 2008 each Plan shall invest only in such securities which mature on or before the maturity date of the respective plan.

News Source – INDIAN COMMODITY.

3.LIC Nomura MF introduces Fixed Maturity Plan Series 73(366 Days)

LIC Nomura Mutual Fund has launched the New Fund Offer (NFO) of LIC Nomura Fixed Maturity Plan Series 73(366 Days), a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 16, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 10,000 and thereafter multiples of Rs 10 during NFO
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is YD Prasanna. The investment objective of the scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities which mature on or before the maturity of the scheme.

News Source – INDIAN COMMODITY.

4.IDBI MF introduces FMP Series IV 366 Days (December 2013) – A

IDBI Mutual Fund has launched the New Fund Offer (NFO) of IDBI FMP Series IV 366 Days (December 2013) – A, a Close Ended Income scheme. The NFO opens for subscription on Dec 12, 2013, and closes on Dec 17, 2013. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Ganti Murthy. The investment objective of the scheme is to generate income through investments in Debt and Money Market Instruments. In accordance with SEBI Circular No SEBI/IMD/ CIR No. 12/147132/08 dated December 11, 2008 each Plan shall invest only in such securities which mature on or before the maturity date of the respective plan.

News Source – INDIAN COMMODITY.

DIVIDEND

5.UTI Fixed Term Income Monthly Interval Fund Series 1 declares dividend

UTI Mutual Fund has announced dividend under the dividend option of UTI Monthly Interval Fund Sr 1 Ret Direct. The quantum of dividend shall be the entire distributable surplus as on record date. The record date has been fixed as December 17, 2013.

News Source – VALUE RESEARCH ONLINE.

DIVIDEND

1.Axis FTP Series 38 (92D) declares dividend

Axis Mutual Fund has announced dividend under the dividend option of Axis FTP Ser 38 (92D) Reg-D and Axis FTP Ser 38 (92D) Direct-D. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as December 12, 2013.

News Source – VALUE RESEARCH ONLINE.

2.JM Fixed Maturity Fund-Series XXIV-Plan A announces dividend

JM Financial Mutual Fund has announced 12 December 2013 as the record date for declaration of dividend under dividend payout option and (direct)-dividend payout option of JM Fixed Maturity Fund-Series XXIV-Plan A. The amount of dividend (upto) will be realized appreciation in the NAV of the option till the record date on the face value of Rs 10 per unit.
Further, 12 December 2013 has been fixed as the record date for the purpose of determining the eligible unit holders/beneficial owners holding units (in demat form) for JM Fixed Maturity Fund-Series XXIV-Plan A who would be entitled to the maturity/redemption proceeds on the maturity date of the scheme i.e. 12 December 2013. The trading of the units, which are listed on capital market segment of NSE will automatically get suspended with effect from 11 December 2013 and also no off market transactions shall be permitted.

News Source – NAV INDIA.

GENERAL

3.Motilal Oswal Mutual Fund introduces new facilities across schemes

Motilal Oswal MF introduced Motilal Oswal value Index (MOVI) Pack Plan. This plan is a Systematic Transfer Plan from specific debt schemes into selected equity schemes. Under this facility, investors can transfer amounts from Motilal Oswal MOSt , Ultra Short Term Bond Fund to Motilal Oswal MOSt Focused 25 Fund, with allocations based on MOVI levels. The MOVI is calculated taking into account Price to Earnings, Price Book and Dividend Yield of the CNX Nifty Index.
Changes in dates of SIP, STP, SWP: The dates of Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) and Systematic Withdrawal Plan (SWP) facilities offered under Motilal Oswal MOSt 10 Year Gilt Fund, Motilal Oswal MOSt Focused 25 Fund and Motilal Oswal MOSt Ultra Short Term Bond Fund, will be available on 1st, 7th, 14th, 21st and 28th of every month.
Weekly and fortnightly SIP facility: Weekly and Fortnightly SIP facility will be introduced in Motilal Oswal MOSt Focused 25 Fund, with minimum of 6 installments.
Weekly and fortnightly STP facility: Weekly and Fortnightly STP facility will be introduced in Motilal Oswal MOSt Ultra Short Term Bond Fund, with a minimum of 6 installments.

News Source – VALUE RESEARCH ONLINE.

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