Latest Indian Mutual Fund News | 11-Apr-2014



1.SEBI said to eye a pie of investor awareness corpus from AMCs

 SEBI is said to have asked for a share of the investor awareness program (IAP) corpus available with fund houses. A senior SEBI official has reportedly suggested in a discussion with AMFI that a part of the 2 basis investor awareness budget be set aside for SEBI so that SEBI could carry out its own investor education campaign.

News Source – Caf� Mutual

NEW FUND OFFER

2.LIC NOMURA Mutual Fund files offer document for Fixed Maturity Plan – Series 84 to 89

LIC NOMURA Mutual Fund has filed offer document with SEBI to launch a close ended income scheme named as “LIC NOMURA Fixed Maturity Plan-Series 84 to 89”. The New Fund Offer price is Rs 10 per unit. Entry and exit load charges will be nil for the scheme. The Minimum Target Amount of Rs 20 crore.

News Source – Indian-Commodity

DIVIDEND

3.LIC Nomura MF FMP Series – 59 Announces Dividend

LIC Nomura Mutual Fund has announced 15 April 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under the regular plan dividend option of LIC Nomura MF FMP Series – 59. The quantum of dividend will be entire distributable surplus as on the record date.

News Source – Nav India

NEW FUND LAUNCH

4.Reliance Fixed Horizon Fund – XXVI – Series 13 Floats On

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXVI – Series 13, a close ended income scheme with the duration of 367 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 10 April to 16 April 2014. This product is suitable for investors seeking returns and growth over the term of the fund limiting interest rate volatility by investment in debt, money market and G-sec instruments maturing on or before the date of maturity of the scheme with low risk – Blue.

News Source – Nav India

5.UTI Fixed Term Income Fund-Series XVIII-VII (368 Days) Floats On

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XVIII – VII (368 Days), a close ended income scheme. The duration of the scheme is 368 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 09 April will close on 16 April 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.

News Source – Nav India

SEBI / AMFI

6.SEBI extends deadline for AMCs to disclose AUM

Market regulator SEBI has given an extension of seven days for AMCs to disclose their assets under management as per the new rules. The extension of this deadline is only applicable for April. From May onwards, AMCs will have to publish this data within seven days from the end of the month. Fund houses were supposed to publish this data by the end of one week from April 2014 onwards. AMFI will in turn publish consolidated data of all AMCs on its website.

News Source – Caf� Mutual

NEW FUND OFFER

7.Reliance MF introduces Dual Advantage Fixed Tenure Fund V- Plan G

Reliance Mutual Fund has launched the New Fund Offer (NFO) of Reliance Dual Advantage Fixed Tenure Fund V- Plan G, a close ended income scheme. The NFO opens for subscription on Apr 7, 2014 and closes on Apr 21, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.

News Source – Indian – Commodity

GENERAL



8.Mutual Funds’ average asset cross Rs 9 trillion mark

The assets managed by mutual funds rose by 3% to cross Rs 9 trillion mark in the January- March quarter of FY 2013-14 on account of inflows into fixed maturity plans, money market and equity funds, says a report. The country’s 44 fund houses together garnered an average AUM (Asset Under Management) of Rs 9.04 lakh crore during the January-March quarter of 2013-14, up from Rs 8.76 lakh crore in the previous three-month period, Crisil said attributing the data to the Association of Mutual Funds in India (AMFI).

News Source – Indian Mutual Funds Online

NEW FUND LAUNCH

9.Religare Invesco Fixed Maturity Plan – Series 23 – Plan I (369 Days) Floats On

Religare Invesco Mutual Fund has launched a new fund named as Religare Invesco Fixed Maturity Plan – Series 23 – Plan I (369 Days), a close ended debt scheme. The tenure of the scheme is 369 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.

News Source – Nav India

10.Reliance Fixed Horizon Fund – XXVI – Series 12 Floats On

 Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXVI – Series 12, a close ended income scheme with the duration of 368 days from the date of allotment. During the New Fund Offer (NFO) the scheme will offer units at Rs 10 per unit. The new issue will be open for subscription from 07 April to 10 April 2014.

News Source – Nav India

SEBI / AMFI

11.AMFI relaxes EUIN norms for mutual fund distributors (5th April 2014)

 In a major relief to IFAs, AMFI has decided to keep the EUIN remediation period as 30 days instead of seven days. Earlier, AMFI had issued circular in which it stated that EUIN remediation period will be brought down to seven days. This was protested by distributors as seven days were too less and they could lose commission. Distributors associations like IFA Galaxy and Financial Intermediaries Association of India (FIAI) had requested to AMFI to consider relaxing the unique identification (EUIN) rules.

News Source – Caf� Mutual

DIVIDEND

12.UTI Fixed Term Income Fund-Series XIV – III (407 Days) Announces Dividend (5th April 2014)

 UTI Mutual Fund has announced 10 April 2014 as the record date for declaration of dividend under dividend option of UTI Fixed Term Income Fund-Series XIV – III (407 Days). 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

13.Religare Invesco Arbitrage Fund Announces Dividend (5th April 2014)

 Religare Invesco Mutual Fund has announced 10 April 2014 as the record date for declaration of dividend under the following plan/option of Religare Invesco Arbitrage Fund, an open ended equity scheme. The amount of dividend on the face value of Rs 10 per unit will be: Dividend Option: 0.07 and Direct Plan-Dividend Option: 0.08.

News Source – Nav India

14.Pramerica Income Fund Announces Dividend (5th April 2014)

 Pramerica Mutual Fund has announced 26 December 2013 as the record date for declaration of dividend under the quarterly dividend option of Pramerica Income Fund. The amount of dividend (Rs per unit) on the face value of Rs 1000 per unit will be: Regular Plan: 6.3014 and Direct Plan: 6.3644.

News Source – Nav India

NEW FUND LAUNCH

15.Religare Invesco Fixed Maturity Plan – Series 23 – Plan H (370 Days) Floats On (5th April 2014)

 Religare Invesco Mutual Fund has launched a new fund named as Religare Invesco Fixed Maturity Plan – Series 23 – Plan H (370 Days), a close ended debt scheme. The tenure of the scheme is 370 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription on 04 April and closes on 07 April 2014. The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.

News Source – Nav India

Latest Indian Mutual Fund News | 11-Apr-2014
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