Latest Indian Mutual Fund News | 05-May-2014

1.Reliance Interval Fund – Quarterly Interval Fund – Series II Announces Dividend

Reliance Mutual Fund has announced 07 May 2014 as the record date for declaration of dividend under the following plans/options of Reliance Interval Fund-Quarterly Interval Fund Series II. The amount of the dividend (Rs per unit) on the face value of Rs 10 per unit will be: Reliance Interval Fund-Quarterly Interval Fund Series II-Dividend Option & Institutional Plan – Dividend Option: 0.2102 each, Reliance Interval Fund-Quarterly Interval Fund Series II-Direct Plan-Dividend Option: 0.2110.

News Source – Nav India

2.UTI Fixed Income Interval Fund – Series II – Quarterly Interval Plan V Announces Dividend

UTI Mutual Fund has announced 07 May 2014 as the record date for declaration of dividend under the dividend sub option of UTI Fixed Income Interval Fund Series – II Quarterly Interval Plan V. 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

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

UTI Mutual Fund has announced 07 May 2014 as the record date for declaration of dividend under the 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.Reliance Fixed Horizon Fund XXI Series 26 Announces Dividend

Reliance Mutual Fund has announced 05 May 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend payout option of Reliance Fixed Horizon Fund XXI Series 26. The amount of the dividend will be entire distributable surplus available in the scheme as on the record date.

News Source – Nav India

5.LIC Nomura MF Interval Fund Series 1 – Quarterly Announces Dividend

LIC Nomura Mutual Fund has announced 05 May 2014 as the record date for declaration of dividend under dividend option and direct-dividend option of LIC Nomura MF Interval Fund Series 1-Quarterly. The quantum of dividend will be the entire distributable surplus as on the record date on the face value of Rs 10 per unit.

News Source – Nav India



GENERAL

6.BOI AXA Mutual Fund Announces Change In Fund Manager

BOI AXA Mutual Fund has announced that Alok Singh, Chief Investment Officer – Fixed Income and Key Personnel has been designated as the new fund manager of BOI AXA Treasury Advantage Fund, BOI AXA Short Term Income Fund and BOI AXA Liquid Fund, with effect from 01 May 2014.

News Source – India Infoline

7.Axis Hybrid Fund – Series 11 Extends NFO period

AXIS Mutual Fund has announced the extension of the NFO period under Axis Hybrid Fund – Series 11. Accordingly, the NFO period has been extended from 02 May 2014 to 05 May 2014.

News Source – Nav India

NEW FUND LAUNCH

8.UTI Fixed Term Income Fund Series XVIII – IX (733 Days) Floats On

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XVIII – IX (733 Days), a close ended income scheme. The duration of the scheme is 733 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 29 April will close on 06 May 2014.

News Source – India Infoline

9.Reliance MF introduces Fixed Horizon Fund- XXVI- Series 19

Reliance Mutual Fund launches the New Fund Offer (NFO) of Reliance Fixed Horizon Fund- XXVI- Series 19, a close ended income scheme. The NFO opens for subscription on Apr 30, 2014 and closes on May 05, 2014. No entry load or exit load will be applied for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs.1 thereafter.

News Source – Live mint






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