Latest Indian Mutual Fund News | 25-Feb-2014



1.Peerless MF introduces Fixed Maturity Plan Series-8

Peerless Mutual Fund has launched the New Fund Offer (NFO) of Peerless Fixed Maturity Plan Series-8, a close ended income scheme. The NFO opens for subscription on Feb 24, 2014 and closes on Feb 28, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 10000.
The investment objective of the scheme is to generate returns by investing in a portfolio of debt and money market securities which mature on or before the date of maturity of each Series of the Scheme.

News Source – INDIAN COMMODITY.

2.IDBI launches three Fixed Maturity Plans

IDBI Mutual Fund announced NFO of three fixed maturity plans. IDBI FMP-Series IV- 90 Days (February 2014)- D will open for subscription on February 19, 2014 and close on March 20, 2014.IDBI FMP-Series IV- 366 Days (February 2014)- E will open for subscription on February 24, 2014 and close on March 03, 2014. IDBI FMP-Series IV- 387 Days (February 2014)- G will open for subscription on March 05, 2014 and close on March 11, 2014.

News Source – VALUE RESEARCH ONLINE.

3.UTI extends NFO and declares dividend

UTI Mutual Fund extended the closing date of UTI Fixed Term Income- Series XVII-XV (1825 Days) to February 25, 2014, against the previous February 24, 2014. The fund house also announced dividend under the dividend option of UTI Fixed Term Income Series XIV-II (366D)-DQ, UTI Fixed Term Income Series XIV-II (366D) Direct-DQ, UTI Fixed Term Income Series XIV-II (366D)-DY, UTI Fixed Term Income Series XIV-II (366D)-D and UTI Fixed Term Income Series XIV-II (366D) Direct-D. The quantum of dividend will be the entire distributable surplus as on the record date. The record date has been fixed as February 28, 2014.

News Source – VALUE RESEARCH ONLINE.



DIVIDEND

4.Reliance Mutual Fund Announces Dividend under two schemes

Reliance Mutual Fund has announced 28 February 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 Regular Savings Fund- Equity Option-Dividend Plan & Equity Option-Direct Plan-Dividend Plan: 1.25 under each plan/option Reliance Arbitrage Advantage Fund- Dividend Plan: 2.25, Reliance Arbitrage Advantage Fund- Direct Plan – Dividend Plan: 2.10

News Source – NAV INDIA.

5.Religare Invesco Equity Fund announces dividend

Religare Invesco Mutual Fund has announced 28 February 2014 as the record date for declaration of dividend under the following plan/option of Religare Invesco Equity Fund, an open ended equity scheme. The amount of dividend on the face value of Rs 10 per unit will be: Dividend Option: 1.50, Direct Plan-Dividend Option: 2.00

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 25-Feb-2014
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