1.UTI FTIF – Series XVII – XIX (398 Days) Floats On. NFO period is from 03 March to 10 March 2014

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XVII – XIX (398 Days), a close ended income scheme. The duration of the scheme is 398 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 03 March will close on 10 March 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 would allocate upto 100% of assets in debt instruments with low to medium risk profile and upto 100% 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.

News Source – NAV INDIA.

2.Mirae Asset launches Mirae Asset FMP- Series II- 391 Days

Mirae Asset Mutual Fund announced the NFO of Mirae Asset FMP- Series II- 391 Days. The scheme will open for subscription on March 07, 2014 and close on March 12, 2014.

News Source – MIRAE AMC.

DIVIDEND

3.Baroda Pioneer FMP Series A Plan A announces dividend

Baroda Pioneer Mutual Fund has announced dividend under the dividend option. The quantum of dividend shall be Rs 0.9036 per unit under Baroda Pioneer FMP Series A Plan A-D and Rs 0.913 per unit under Baroda Pioneer FMP Series A Plan B Direct-D. The record date has been fixed as March 06, 2014.



News Source – VALUE RESEARCH ONLINE.

4.Tata Equity Opportunities Fund announces dividend at Rs 1.2 per unit

Tata Mutual Fund has announced dividend under the dividend option of Tata Equity Opportunities Plan A-D and Tata Equity Opportunities Direct-D. The quantum of dividend shall be Rs 1.2 per unit. The record date has been fixed as March 07, 2014.

News Source – VALUE RESEARCH ONLINE.

5.Reliance Interval Fund-Quarterly Interval Fund Series III Announces Dividend

Reliance Mutual Fund has announced 07 March 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under Institutional Plan-Dividend Option & Direct Plan-Dividend Option of Reliance Interval Fund-Quarterly Interval Fund Series III. The amount of dividend will be Rs 0.0001 per unit under each plan / option.

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 05-Mar-2014
Rate this post