Latest Indian Mutual Fund News | 08-May-2014

1.Axis Mutual Fund Announces Change In Exit Load Structure Under Its Schemes

Axis Mutual Fund has announced changes in exit load structure under Axis Focused 25 Fund, Axis Midcap Fund, Axis Triple Advantage Fund and Axis Income Saver Fund, with effect from 05 May 2014. Accordingly, if redeemed / switched-out within 12 months from the date of allotment, the exit load charge will be 1%.

News Source – Nav India

2.Motilal Oswal MF introduces SIP, STP & SWP Facility

Motilal Oswal Mutual Fund has announced that the introduction of Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) / Systematic Withdrawal Plan (SWP) of Motilal Oswal MOSt Focused Multicap 35 Fund, with effect from 05 May 2014.

News Source – Nav India

NEW FUND LAUNCH

3.LIC Nomura MF Fixed Maturity Plan – Series 82 (372 Days) Floats On

LIC Nomura Mutual Fund has launched a new fund named as LIC Nomura MF Fixed Maturity Plan – Series 82, a close ended income scheme with the duration of 372 days. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 05 May to 12 May 2014.



News Source – Nav India

4.Axis Fixed Term Plan – Series 65 (693 days) Floats On

Axis Mutual Fund has launched a new plan named as Axis Fixed Term Plan – Series 65 (693 Days), a close ended debt scheme. The duration of the scheme is 693 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 from 06 May to 12 May 2014.

News Source – Nav India

5.UTI Fixed Term Income Fund Series XVIII – XI (1095 Days) Floats On

UTI Mutual Fund has launched a new fund named as UTI – Fixed Term Income Fund – Series XVIII – XI (1095 Days), a close ended income scheme. The duration of the scheme is 1095 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 05 May will close on 13 May 2014.

News Source – Nav India

Latest Indian Mutual Fund News | 08-May-2014
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