Latest Indian Mutual Fund News | 09-May-2014

1.Axis Medium Term Fund files offer document with SEBI

Axis Mutual Fund has filed offer document with SEBI to launch Axis Medium Term Fund, an open-ended debt scheme. The New Fund Offer price is Rs 10 per unit. Investment objective: The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments.

News Source – Nav India

2.Axis Ultra Short Term Fund files offer document with SEBI

Axis Mutual Fund has filed offer document with Sebi to launch Axis Ultra Short Term Fund, an open-ended debt scheme. The New Fund Offer price is Rs 10 per unit. Investment objective: The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk.

News Source – Nav India

GENERAL

3.Reliance Fixed Horizon Fund – XXVI – Series 20 Extends NFO Period

Reliance Mutual Fund has decided to extend the closing date of the New Fund Offer (NFO) period of Reliance Fixed Horizon Fund – XXVI – Series 20 from 08 May 2014 to 15 May 2014.

News Source – Nav India

4.Principal Mutual Fund Announces Changes

Principal Mutual Fund has announced change sin minimum application amount for Systematic Investment Plan (SIP) / Systematic Transfer Plan (STP) facility, minimum amount of additional investment and introduction of daily and weekly frequency for STP facility of Principal Index Fund – Midcap.

News Source – Nav India



NEW FUND LAUNCH

5.BOI AXA Fixed Maturity Plan – Series 15 (366 Days) Floats On

BOI AXA Mutual Fund has launched a new fund named as BOI AXA Fixed Maturity Plan – Series 15, a close-ended income scheme. The New Fund Offer price is Rs 10 per unit. The tenure of the scheme will be 366 days from the date of allotment. The new issue will open for subscription from 07 May to 12 May 2014.

News Source – Nav India

6.Principal Pnb Fixed Maturity Plan – Series B17 Floats On

Principal Mutual Fund has unveiled a new fund named as Principal Pnb Fixed Maturity Plan – Series B17, a close ended debt scheme. The tenure of the scheme is 371 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 07 May and close on 12 May 2014.

News Source – Nav India

7.Principal Index Fund – Midcap Floats On

Principal Mutual Fund has unveiled a new fund named as Principal Index Fund – Midcap, an open ended index scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 07 May and close on 09 May 2014.

News Source – Nav India

8.Axis Hybrid Fund Series 12 Floats On

Axis Mutual Fund has launched a new fund named as Axis Hybrid Fund Series 12, a 1282 days close ended debt scheme. During the New Fund Offer (NFO) period the units will be offered for Rs 10 each. The new issue is open for subscription from 21 April and close subscription on 02 May 2014.

News Source – Nav India

Latest Indian Mutual Fund News | 09-May-2014
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