Latest Indian Mutual Fund News | 12-Mar-2014

1.UTI launches UTI Fixed Term Income- Series XVIII- II (1825 Days)

UTI Mutual fund announced the NFO of UTI Fixed Term Income- Series XVIII-II (1825 Days). The scheme will open for subscription on March 11, 2014 and close on March 18, 2014.


2.DWS Fixed Maturity Plan Series 58 Extends NFO closing date. NFO will now close on 20 March 2014

Deutsche Mutual Fund has announced that the closing date of the New Fund Offer (NFO) of DWS Fixed Maturity Plan-Series 58, 762 days close ended debt fund has been extended from 18 March 2014 to 20 March 2014.

News Source – NAV INDIA.

3.Edelweiss Mutual Fund files offer document for Fixed Maturity Plan – Series 10 To Series 12

Edelweiss Mutual Fund has filed offer document with SEBI to launch a close ended income scheme named as “Edelweiss Fixed Maturity Plan – Series 10 to Series 12 (1 to 60 months)”. 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 Scheme(s) having duration of 1 month to 3 months-CRISIL Liquid Fund Index, for Scheme(s) having duration of more than 3 months and up to 36 months – CRISIL Short Term Bond Fund Index and for Scheme(s) having duration of more than 36 months up to 60 months-CRISIL Composite Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.



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