Latest Indian Mutual Fund News | 21-Jan-2014

1.Tata MF introduces Fixed Maturity Plan Series 46-Scheme I

Tata Mutual Fund has launched the New Fund Offer (NFO) of Tata Fixed Maturity Plan Series 46- Scheme I, a Close Ended Income scheme. The NFO opens for subscription on Jan 17, 2014, and closes on Jan 31, 2014. 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.

DIVIDEND

2.Reliance Mutual Fund announces dividend under two schemes

Reliance Mutual Fund has announced 24 January 2014 as the record date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
Reliance Long Term Equity Fund-Dividend Plan & Direct Plan-Dividend Plan: 1.00 under each plan, Reliance Top 200 Fund-Dividend Plan & Direct Plan-Dividend Plan: 1.00 under each plan

News Source – NAV INDIA.

3.Franklin India Taxshield announces dividend

Franklin Templeton Mutual Fund has announced 24 January 2014 as the record date for declaration of dividend under the dividend plan and direct-dividend plan of Franklin India Taxshield. The amount of dividend will be Rs 3.00 per unit on the face value of Rs 10 per unit.

News Source – NAV INDIA.

NEW FUND OFFER

4.Axis Mutual Fund: Extension of NFO and availability of Trigger Facility

The NFO period of Axis Hybrid Fund Series 8-1279 has been extended from January 17, 2014 to January 20, 2014. Now investors can also avail trigger facility in all Close Ended Schemes.



News Source – VALUE RESEARCH ONLINE.

 

5.Reliance Mutual Fund: Extension of NFO

The NFO period of Reliance Fixed Horizon Fund XXV Series 15 has been extended from January 22, 2014 to January 23, 2014.

News Source – VALUE RESEARCH ONLINE.

 

GENERAL

6.Mutual funds step up selling

Mutual funds (MFs) sold shares worth a net Rs 197.90 crore on Wednesday, 15 January 2014, higher than net outflow of Rs 77.60 crore on Tuesday, 14 January 2014.

The net outflow of Rs 197.90 crore on Wednesday, 15 January 2014, was a result of gross purchases of Rs 258.70 crore and gross sales of Rs 456.60 crore. The S&P BSE Sensex had jumped 256.61 points or 1.22% to 21,289.49 on that day, its highest closing level since 9 December 2013. Mutual funds have sold shares worth a net Rs 1059 crore in this month so far (till 15 January 2014).

News Source – INDIAN INFOLINE.

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