Latest Indian Mutual Fund News | 10-Jan-2014

1.Reliance Close Ended Equity Fund II files offer document with Sebi

 

Reliance Mutual Fund has filed offer document with Sebi to launch Reliance Close Ended Equity Fund II, a close-ended equity oriented scheme. The New Fund Offer price is Rs 10 per unit. The scheme will have Series A-Series D, having tenure of 5 years from the date of allotment. Investment objective: 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.

News Source – NAV India

 

2.Peerless Overnight Fund files offer document with Sebi

 

Peerless Mutual Fund has filed offer document with Sebi to launch Peerless Overnight Fund, an open ended liquid scheme. The New Fund Offer price is Rs 10 per unit. Investment objective: The scheme seeks to provide liquidity to the investors while mirroring overnight returns. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

News Source – NAV India.

 

DIVIDEND

3.UTI MF Announces Dividend Under UTI Dividend Yield Fund

 

UTI Mutual Fund has announced 14 January 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under dividend option of existing plan and direct plan of UTI Dividend Yield Fund. The quantum of dividend will be 4.5% or Rs 0.45 per unit.

News Source – NAV India.

 

4.Franklin India Bluechip Fund declares dividend

 

Franklin Templeton Mutual Fund has announced dividend under the dividend plan and direct – dividend plan of Franklin India Bluechip Fund. The record date for declaration of dividend is January 10, 2014. The amount of dividend will be Rs 5.00 per unit under each plan on the face value of Rs 10 per unit.

News Source – Moneycontrol

 

GENERAL

5.Money market funds gain the most in 11 quarters

 

The money market funds grew on account of heavy inflows following a reversal of liquidity tightening measures by the RBI once the exchange rate volatility eased. Assets of money market funds grew 35% to Rs. 602 bn in the December 2013 quarter — marking the highest rise since the March 2011 quarter – to Rs 2.31 trillion, according to CRISIL Research’s note on mutual fund quarterly average AUM numbers released by AMFI for October-December 2013.

News Source – India Infoline

 



NEW FUND LAUNCH

6.Deutsche Asset Management launches DWS Inflation Indexed Bond fund

 

Deutsche Asset Management India today announced the launch of two upcoming funds: DWS Inflation Indexed Bond Fund and DWS Top Euroland Offshore Fund. The DWS Inflation Indexed Bond Fund new fund offer period is from January 16 to 27, 2014 while DWS Top Euroland Offshore Fund will be available for subscription from January 9, 2014. Both the funds are open ended.

News Source – India Infoline

 

DIVIDEND

7.Franklin India Bluechip Fund, dividend

 

Franklin Templeton Mutual Fund has announced 10 January 2014 as the record date for declaration of dividend under the dividend plan and direct-dividend plan of Franklin India Bluechip Fund. The amount of dividend will be Rs 5.00 per unit under each plan on the face value of Rs 10 per unit. Record date for dividend is 10 January 2014.

News Source – NAV INDIA

 

8.Tata Equity P/E Fund-(Dividend Trigger Option A-5%) announces dividend

 

Tata Mutual Fund has announced 10 January 2014 as the record date for declaration of dividend under the Plan A and Direct Plan under Tata Equity P/E Fund-Plan A (Dividend Trigger Option A-5%). The amount of dividend will be Rs 0.35 per unit under each plan on the face value of Rs 10 per unit. Record date for dividend is 10 January 2014.

News Source – NAV INDIA

 

GENERAL

9.Edelweiss Select Midcap Fund Announces Change In Exit Load

 

Edelweiss Mutual Fund has announced change in exit load of Edelweiss Select Midcap Fund, with effect from 06 January 2014. Accordingly, the revised exit load will be: If the units are redeemed / switched out on or before 545 days from the date of allotment, the exit load will be 1.00%. No exit load is payable if units are redeemed/switched-out on or after 546 days from the date of allotment.

News Source – NAV INDIA

 

10.MFs offload equity worth Rs. 482 crore in November

 

Mutual Funds made net investment of Rs. 41,141 crore in the secondary market in November 2013 compared to net investment of Rs. 33,153 crore in October 2013, according to SEBI (Securities and Exchange Board of India) data. Mutual funds sold Rs 482 crore in equity in November 2013 compared to Rs 4,018 crore sold in October 2013. Mutual Funds invested Rs 41,624 crore in debt market in November 2013 as against of Rs. 37,171 crore invested in October 2013, SEBI said.

News Source – INDIA INFOLINE

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