Latest Indian Mutual Fund News | 06-Mar-2014

1.IDBI FMP-Series IV-542 Days (February 2014) – F Extends NFO Period

IDBI Mutual Fund has announced that the New Fund Offer (NFO) period of IDBI FMP – Series IV – 542 Days (February 2014) – F has been extended till 10 March 2014.

News Source – NAV INDIA.

DIVIDEND

2.Reliance Yearly Interval Fund Series 4 Announces Dividend

Reliance Mutual Fund has announced 10 March 2014 as the record date for declaration of dividend under the following plans/options of Reliance Yearly Interval Fund Series 4. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be:
Reliance Yearly Interval Fund Series 4-Dividend Plan: 0.9083; Reliance Yearly Interval Fund Series 4-Direct Plan-Dividend Plan: 0.9137

News Source – NAV INDIA.

3.UTI Fixed Income Interval Fund – Monthly Interval Plan II Announces Dividend

UTI Mutual Fund has announced 10 March 2014 as the record date for declaration of dividend under dividend sub option of UTI Fixed Income Interval Fund – Monthly Interval Plan II. The rate of dividend (Rs per unit) will be 100% of distributable surplus as on the record date on the face value of Rs 10 per unit.



News Source – NAV INDIA.

4.Religare Invesco Fixed Maturity Plan – Series XVII-Plan E (369 Days) Announces Dividend

Religare Mutual Fund has announced 10 March 2014 as the record date for declaration of dividend under the dividend option of Religare Invesco Fixed Maturity Plan-Series XVII-Plan E (369 Days), a close ended debt scheme. The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be entire distributable surplus as on the record date.

News Source – NAV INDIA.

NEW FUND LAUNCH

5.Deutsche Mutual Fund files offer document for Fixed Maturity Plan – Series 61 to 70

Deutsche Mutual Fund has filed offer document with SEBI to launch a close ended debt fund named as “Deutsche Fixed Maturity Plan – Series 61 to 70”. 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 if tenure less than 3 months-CRISIL Liquid Fund Index, if Tenure more than 3 months up to 36 months-CRISIL Short Term Bond Fund Index, and if tenure more than 36 months up to 60 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 by investing in debt and money market securities, maturing on or before the date of maturity of the Scheme.

News Source – INDIAN COMMODITY.

Latest Indian Mutual Fund News | 06-Mar-2014
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