Latest Indian Mutual Fund News | 15-Feb-2014

1.UTI-FTIF-Series XVII – XIV (423 days) floats on. NFO period is from 14 February to 20 February 2014

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XVII – XIV (423 Days), a close ended income scheme. The duration of the scheme is 423 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue which is open for subscription from 14 February will close on 20 February 2014. The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme.

The scheme offers growth option, quarterly dividend option with payout and reinvestment facility, flexi dividend option with payout and reinvestment facility, annual dividend option with payout and reinvestment facility and maturity dividend option with payout facility. The scheme will allocate 70%-100% of assets in debt instruments with low to medium risk profile and upto 30% of assets would be allocated to money market instruments with low risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 10 under all the options. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. Entry and exit load charge will be nil for the scheme.

News Source – NAV INDIA.

2.Tata MF Launches Tata Dual Advantage Fund – Scheme B. NFO period is from 17 February to 28 February 2014

Tata Mutual Fund has launched a new fund named as Tata Dual Advantage Fund – Scheme B, a close ended income fund. The tenure of the plan is 1127 days from the date of allotment. The new fund offer price for the scheme is Rs 10 per unit. The new issue which is open for subscription from 17 February will close on 28 February 2014.

The primary objective of the scheme is to seek to generate income and / or capital appreciation by investing predominantly in portfolio of fixed income instruments having maturity on or before the date of the maturity of the schemes. The schemes will invest small portion of the schemes assets in equity / equity related instrument including derivative instruments. In case of investment in equity derivatives have expiry before the maturity of the schemes. The scheme offers direct and regular plan. Each plan will offer growth and dividend option (payout).



The scheme will allocate 70%-95% of assets in debt and money market instruments & securitized debt with low to medium risk profile and it would allocate 5%-30% of assets in equity and equity related instruments including options with medium to high risk profile. Of the investments in debt instruments, 80% to 85% would be invested in AA rated non convertible debentures / government securities. Entry load and exit load charge are not applicable for the scheme. The scheme is proposed to be listed on BSE. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The fund seeks to collect a minimum subscription amount of Rs 20 crore during the NFO period.

News Source – NAV INDIA.

3.IDBI Mutual Fund files offer document for Fixed Maturity Plan-Series IV

IDBI Mutual Fund has filed offer document with SEBI to launch a closed ended debt scheme named as ‘IDBI Fixed Maturity Plan-Series IV’. 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 Plans with maturity up to 91 Days-CRISIL Liquid Fund Index, for Plans with maturity above 91 Days and up to 36 Months-CRISIL Short Term Bond Fund Index, for Plans with maturity above 36 Months-CRISIL Composite Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate income through investments in Debt and Money Market Instruments. In accordance with SEBI Circular No SEBI/IMD/ CIR No. 12/147132/08 dated December 11, 2008 each Plan shall invest only in such securities which mature on or before the maturity date of the respective plan.

News Source – INDIAN COMMODITY.






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