Latest Indian Mutual Fund News | 07-May-2014

1.Reliance Dual Advantage Fixed Tenure Fund VI (Plan A – Plan F) files offer document with SEBI

Reliance Mutual Fund has filed offer document with SEBI to launch Reliance Dual Advantage Fixed Tenure Fund VI (Plan A – Plan F), a close-ended hybrid scheme. The New Fund Offer price is Rs 10 per unit. The scheme will offer 6 (Plan A – Plan F) with tenor upto 61 Months from the date of allotment.

News Source – Nav India

2.Reliance Debt Opportunities Fund (Plan A to Plan E) files offer document with SEBI

Reliance Mutual Fund has filed offer document with SEBI to launch Reliance Debt Opportunities Fund (Plan A to Plan E), a close-ended income scheme. The New Fund Offer price is Rs 10 per unit.

News Source – Nav India

3.Deutsche Mutual Fund files offer document for Global Top Dividend Fund

Deutsche Mutual Fund has filed offer document with SEBI to launch an Open Ended Overseas Fund of Fund scheme as �Deutsche Global Top Dividend Fund�. The New Fund Offer price is Rs 10 per unit. Entry load charges will be nil for the scheme and exit load 1% if redeemed/ switched out within 12 months from the date of allotment. The Minimum Target Amount of the scheme is Rs 10 crore.

News Source – Live mint

NEW FUND OFFER

4.Deutsche MF introduces Fixed Maturity Plan- Series 68

Deutsche Mutual Fund has launched the New Fund Offer (NFO) of Deutsche Fixed Maturity Plan- Series 68, a close ended income scheme. The NFO opens for subscription on May 02, 2014 and closes on May 12, 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.10 thereafter.

News Source – Live mint



DIVIDEND

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

Reliance Mutual Fund has announced 08 May 2014 as the record date for declaration of dividend on the face value of Rs 10 per unit under Dividend Option, Institutional Plan-Dividend Option & Direct Plan-Dividend Option of Reliance Interval Fund – Quarterly Interval Fund Series II. The amount of the dividend will be Rs 0.0001 per unit under each plan / option.

News Source – Nav India

GENERAL

6.Sahara Mutual Fund Announces Appointment of Key Personnel

The Sahara Mutual Fund has announced that P. P. Shastri has been appointed as an Independent Trustee on the Board of Trustees of Sahara Asset Management Company, with effect from 28 April 2014.

News Source – Nav India

NEW FUND LAUNCH

7.Franklin Templeton MF Launches Franklin India Feeder – Franklin European Growth Fund

Franklin Templeton Mutual Fund has launched a new fund named as Franklin India Feeder – Franklin European Growth Fund, an open end fund of funds scheme investing overseas. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 25 April and closes on 09 May 2014.

News Source – Nav India

Latest Indian Mutual Fund News | 07-May-2014
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