1.UTI FTIF-Series XVIII-I (400 Days) Floats On. NFO period is from 10 March to 18 March 2014

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XVIII – I (400 Days), a close ended income scheme. The duration of the scheme is 400 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 10 March will close on 18 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.

News Source – NAV INDIA.

2.IDBI MF introduces Diversified Equity Fund

IDBI Mutual Fund has launched the New Fund Offer (NFO) of IDBI Diversified Equity Fund, a close ended income scheme. The NFO opens for subscription on Mar 10, 2014 and closes on Mar 24, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.
The scheme’s performance will be benchmarked against S&P BSE 500 Index and its fund manager is V. Balasubramanian.
The investment objective of the scheme is to provide investors with opportunities for long-term growth in capital through investment in a diversified basket of equity stocks, debt and money market instruments. The equity portfolio will be well diversified and actively managed to realize the scheme objective.

News Source – INDIAN COMMODITY.

DIVIDEND



3.Reliance Mutual Fund Announces Dividend under Its Schemes

Reliance Mutual Fund has announced 14 March 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 Equity Opportunities Fund-Dividend Plan & Direct Plan- Dividend Plan: 2.00 under each plan; Reliance Equity Opportunities Fund-Institutional Plan-Dividend Plan: 3.00; Reliance Growth Fund-Dividend Plan & Direct Plan-Dividend Plan: 4.00 under each plan; Reliance Growth Fund-Institutional Plan-Dividend Plan: 35

News Source – NAV INDIA.

4.Baroda Pioneer ELSS’96 Announces Dividend

Baroda Pioneer Mutual Fund has announced 14 March 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option of Baroda Pioneer ELSS’96 Fund. The quantum of dividend will be Rs 2.00 per unit as on the record date

News Source – NAV INDIA.

Latest Indian Mutual Fund News | 11-Mar-2014
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