Latest Indian Mutual Fund News | 01-Feb-2014

1.Religare Invesco MF introduces Fixed Maturity Plan – Series 22 – Plan H

Religare Invesco Mutual Fund has launched the New Fund Offer (NFO) of Religare Invesco Fixed Maturity Plan – Series 22 – Plan H (427 Days), a Close Ended Income scheme. The NFO opens for subscription on Jan 31, 2014, and closes on Feb 3, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 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 Nitish Sikand. The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the Scheme.

News Source – INDIAN COMMODITY.

2.BOI AXA pre-pone NFO and changes Tenure of BOI AXA FMP- Series-10

BOI AXA MF preponed the closing date of BOI AXA FMP- Series-10 (366 Days) from February 10, 2014 toFebruary 06, 2014. The fund house also changed the tenure of BOI AXA FMP- Series-10 (366 Days) to 368 days from 366 days.

News Source – VALUE RESEARCH ONLINE.

3.UTI launches UTI Fixed Term Income Fund-Series XVII-X (367 Days) and announces dividend

UTI Mutual Fund announced the NFO of UTI Fixed Term Income Fund-Series XVII-X (367 Days). The scheme will open for subscription on January 31, 2014 and close on February 06, 2014. The fund house also announced dividend under the dividend option of UTI Q Interval Fund Series V Reg-D, UTI Q Interval Fund Series V Reg Direct-D and UTI Q Interval Fund Series V Inst-D. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as February 05, 2014.



News Source – VALUE RESEARCH ONLINE.

4.Axis Hybrid Fund – Series 9 – 1282 Days Announces Extension of NFO period

Axis Mutual Fund has announced extension of the closing date of New Fund Offer (NFO) period of Axis Hybrid Fund- Series 9-1282 Days, a close ended debt scheme. Accordingly, the closing date of NFO has been changed from 06 February to 07 February 2014.

News Source – NAV INDIA.

DIVIDEND

5.Tata Balanced Fund announces dividend

Tata Mutual Fund has announced dividend under the dividend option of Tata Balanced Plan A-DM and Tata Balanced Direct-DM. The quantum of dividend shall be Rs 0.2 per unit. The record date has been fixed asFebruary 05, 2014.

News Source – VALUE RESEARCH ONLINE.

Latest Indian Mutual Fund News | 01-Feb-2014
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