Latest Indian Mutual Fund News | 07-Feb-2014



1.Reliance Yearly Interval Series II declares dividend

Reliance Mutual Fund has announced dividend under the dividend option of Reliance Yearly Interval Series II-D and Reliance Yearly Interval Series II Direct-D. The quantum of dividend shall be Rs 0.0001 per unit. The record date has been fixed as February 11, 2014.

News Source – VALUE RESEARCH ONLINE.

GENERAL

2.JM Arbitrage Advantage Fund announces change

JM Financial Mutual Fund has announced that it intends to modify the provisions pertaining to the redemption period under JM Arbitrage Advantage Fund. Accordingly, it has been decided to provide investors with daily redemption facility in place of the monthly redemption facility being offered. The change will be effective from 24 March 2014.

News Source – NAV INDIA.

NEW FUND LAUNCH



3.Franklin India Mutual Fund files offer document for Feeder-Franklin European Growth Fund

Franklin India Mutual Fund has filed offer document with SEBI to launch an open ended fund of funds scheme named as ‘Franklin India Feeder – Franklin European Growth Fund,’ The New Fund Offer price is Rs 10 per unit.
Entry load charges will be nil for the scheme and exit load for each purchase of units – 1% if redeemed/switched out within 1 year of allotment. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore. The scheme will be benchmarked against MSCI Europe. The minimum application amount is Rs 5,000 and any amount thereafter in multiple of Re.1

News Source – INDIAN COMMODITY.

4.LIC Nomura Mutual Fund files offer document for Capital Protection Oriented Fund Series 3 to 5

LIC NOMURA Mutual Fund has filed offer document with SEBI to launch a close ended capital protection oriented scheme named as ‘LIC Nomura Capital Protection Oriented Fund Series 3 to 5’. 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 Index. The minimum application amount is Rs 5,000 and any amount thereafter in multiple of Rs 10.

News Source – INDIAN COMMODITY.

5.Deutsche Asset MF launches Fixed Maturity Plan-Series 47, 48

Deutsche Asset Management India has launched two new schemes-DWS Fixed Maturity Plan (FMP) – Series 47, a 427 days close ended debt fund and DWS Fixed Maturity Plan (FMP) – Series 48, a 370 days close ended debt fund.
The objective of both schemes is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. While DWS FMP – Series 47 will predominantly invest in Non Convertible Debentures (NCDs)/Bonds and Money market instruments, DWS FMP – Series 48 will predominantly invest in Certificate of Deposits (CDs), Commercial Papers (CPs), Non Convertible Debentures (NCDs)/Bonds and Money market instruments. The benchmark for both schemes is CRISIL Short Term Bond Fund Index. Similarly minimum investment for both schemes is Rs. 5000 per application. Entry and Exit Load is Nil during the NFO period for both schemes.

News Source – INDIAN INFOLINE.

Latest Indian Mutual Fund News | 07-Feb-2014
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