Latest Indian Mutual Fund News | 10-Feb-2014

mutual fund news1.UTI launches UTI Fixed Term Income Fund- Series XVII-XII

UTI Mutual Fund announced the NFO of UTI Fixed Term Income Fund- Series XVII-XII (1148 Days). The scheme will open for subscription on February 07, 2014 and close on February 14, 2014.

News Source – VALUE RESEARCH ONLINE.

2.AXIS Mutual Fund files offer document for Fixed Term Plan-Series 62-67

AXIS Mutual Fund has filed offer document with SEBI to launch a Close Ended debt scheme named as ‘AXIS Fixed Term Plan-Series 62-67,’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 Liquid Fund Index for scheme having maturity of up to 3 months, Crisil Short-Term Bond Fund Index for scheme having maturity of more than 3 months up to 36 months, Crisil Composite Bond Fund Index for scheme having maturity of more than 36 months up to 60 months. The minimum application amount is Rs 5,000 in multiples of Re. 10/- thereafter.



News Source – INDIAN COMMODITY.

3.Reliance Mutual Fund files offer document for Fixed Horizon Fund-XXVI

Reliance Mutual Fund has filed offer document with SEBI to launch a close Ended Income Scheme named as ‘Reliance Fixed Horizon Fund-XXVI,’ 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 for series having duration 15 days to 90 Days-Crisil Liquid Fund Index, for series having duration 91 days to 36 months 15 Days- Crisil Short Term Bond Fund Index, for series having duration above 36 month 15 Days to 60 months 7 days-Crisil Composite Bond Fund Index. The minimum application amount is Rs 5,000 in multiples of Re. 1/- thereafter.

News Source – INDIAN COMMODITY.






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