Axis MF launches “Axis Hybrid Fund - Series 15”; NFO to close on September 11 28/08/2014

Axis MF launches “Axis Hybrid Fund - Series 15”; NFO to close on September 11
28/08/2014 10:59
Axis Mutual Fund has launched a new close ended debt scheme named “Axis Hybrid Fund - Series 15” with maturity period of 1275 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 11. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Devang Shah and Jinesh Gopani will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt instruments including securitized debt (not including money market instruments), money market instruments and equity & equity related instruments. Hence, the scheme will allocate 70 to 95 per cent of asset in debt instruments including securitized debt (not including money market instruments), 0 to 25 per cent of asset in money market instruments and 5 to 30 per cent of asset in equity & equity related instruments.

ICICI Prudential MF declares dividend under “ICICI Prudential Interval Fund II - Qtrly Interval Plan B - Direct Plan&rd 28/08/2014

ICICI Prudential MF declares dividend under “ICICI Prudential Interval Fund II - Qtrly Interval Plan B - Direct Plan&rd
28/08/2014 10:42
ICICI Prudential Mutual Fund has announced 0.1550 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Interval Fund II - Qtrly Interval Plan B - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 28. The latest NAV of the scheme is Rs 10.22. The investment objective of the debt-income scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Aditya Pagaria is the fund manager of the scheme.

Edelweiss MF declares dividend under “Edelweiss Short Term Income Fund” 28/08/2014

Edelweiss MF declares dividend under “Edelweiss Short Term Income Fund”
28/08/2014 10:38
Edelweiss Mutual Fund has announced 2.0000 per cent dividend under dividend payout option of scheme named as “Edelweiss Short Term Income Fund” on the face value of Rs 10 per unit. The record date for the dividend is August 28. The latest NAV of the scheme is Rs 12.02. The investment objective of the debt-short term scheme is to generate regular income through investments in Debt & Money Market Instruments. The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Bhavesh Jain is the fund manager of the scheme.

Shriram A M C - Resignation of Director 27/08/2014

Shriram A M C - Resignation of Director
27/08/2014 18:36
Shriram Asset Management Company Ltd has informed BSE that Mr. S. Rajaratnam, has resigned as a Director of the Company.

L&T MF declares dividend under “L&T Midcap Fund” 27/08/2014

L&T MF declares dividend under “L&T Midcap Fund”
27/08/2014 11:06
L&T Mutual Fund has announced 25.0000 per cent dividend under dividend payout option of scheme named as “L&T Midcap Fund” on the face value of Rs 10 per unit. The record date for the dividend is August 27. The latest NAV of the scheme is Rs 33.30. The investment objective of the open-ended equity scheme is to generate capital appreciation by investing primarily in midcap stocks. The performance of the scheme is benchmarked against CNX Midcap Index. Soumendra Nath Lahiri is the fund manager of the scheme.

L&T MF declares dividend under “L&T Indo Asia Fund” 27/08/2014

L&T MF declares dividend under “L&T Indo Asia Fund”
27/08/2014 11:02
L&T Mutual Fund has announced 15.0000 per cent dividend under dividend payout option of scheme named as “L&T Indo Asia Fund” on the face value of Rs 10 per unit. The record date for the dividend is August 27. The latest NAV of the scheme is Rs 19.89. The investment objective of the equity-diversified scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related securities including equity derivatives in the Indian and international markets. The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Venugopal Manghat is the fund manager of the scheme.

LIC Nomura MF launches “LIC Nomura MF Diversified Equity Fund Series-1(1100 Days)”; NFO to close on September 02 27/08/2014

LIC Nomura MF launches “LIC Nomura MF Diversified Equity Fund Series-1(1100 Days)”; NFO to close on September 02
27/08/2014 10:44
LIC Nomura Mutual Fund has launched a new close ended equity scheme named “LIC Nomura MF Diversified Equity Fund Series-1(1100 Days)” with maturity period of 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 19 and will close on September 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against S&P BSE 200 Index. Nobutaka Kitajima and Ramnath Venkateswaran will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate capital appreciation will be met by investing in a portfolio of equity and equity related instruments constituted of companies in S&P BSE 200 Index and cash & cash equivalents, debt and money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in equity and equity related instruments constituted of companies in S&P BSE 200 Index and 0 to 20 per cent of asset in cash & cash equivalents, debt and money market instruments.

Birla Sun Life MF launches “Birla Sun Life Fixed Term Plan - Series LV (1099 days)”; NFO to close on September 03 27/08/2014

Birla Sun Life MF launches “Birla Sun Life Fixed Term Plan - Series LV (1099 days)”; NFO to close on September 03
27/08/2014 10:28
Birla Sun Life Mutual Fund has launched a new close ended income scheme named “Birla Sun Life Fixed Term Plan - Series LV (1099 days)” with maturity period of 1099 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 03. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Kaustubh Gupta will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt securities (excluding money market instruments), money market instruments and government securities. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities (excluding money market instruments), 0 to 20 per cent of asset in money market instruments and 0 to 20 per cent of asset in government securities

Tata MF launches “Tata Dual Advantage Fund Series 2 Scheme A (1133 Days)”; NFO to close on September 05 26/08/2014

Tata MF launches “Tata Dual Advantage Fund Series 2 Scheme A (1133 Days)”; NFO to close on September 05
26/08/2014 11:25
Tata Mutual Fund has launched a new close ended income scheme named “Tata Dual Advantage Fund Series 2 Scheme A (1133 Days)” with maturity period of 1133 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 22 and will close on September 05. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Amit Somani and Rupesh Patel will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and/or capital appreciation will be met by investing in a portfolio of debt & money market instruments, Securitised Debt and Equity & Equity related Instruments including derivative instruments (options/futures). Hence, the scheme will allocate 70 to 95 per cent of asset in debt & money market instruments, Securitised Debt and 5 to 30 per cent of asset in Equity & Equity related Instruments including derivative instruments (options/futures).

SBI MF launches “SBI Dual Advantage Fund - Series IV”; NFO to close on September 04 26/08/2014

SBI MF launches “SBI Dual Advantage Fund - Series IV”; NFO to close on September 04
26/08/2014 11:15
SBI Mutual Fund has launched a new close ended hybrid scheme named “SBI Dual Advantage Fund - Series IV” with maturity period of 1,111 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 22 and will close on September 04. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Rajeev Radhakrishnan and Richard D’souza will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt & debt related instruments, money market instruments and equity & equity related instruments including derivatives. Hence, the scheme will allocate 55 to 95 per cent of asset in debt & debt related instruments, 0 to 10 per cent of asset in money market instruments and 5 to 35 per cent of asset in equity & equity related instruments including derivatives.

SBI MF launches “SBI Debt Fund Series A – 40 (1100 Days)”; NFO to close on August 27 26/08/2014

SBI MF launches “SBI Debt Fund Series A – 40 (1100 Days)”; NFO to close on August 27
26/08/2014 11:08
SBI Mutual Fund has launched a new close ended debt scheme named “SBI Debt Fund Series A – 40 (1100 Days)” with maturity period of 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 21 and will close on August 27. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. Rajeev Radhakrishnan will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide regular returns and capital growth with limited interest rate risk will be met by investing in a portfolio of debt instruments and money market securities. Hence, the scheme will allocate 60 to 100 per cent of asset in debt instruments and 0 to 40 per cent of asset in money market securities.

Kotak Mahindra MF launches “Kotak FMP Series 163 (1100 Days)”; NFO to close on August 27 26/08/2014

Kotak Mahindra MF launches “Kotak FMP Series 163 (1100 Days)”; NFO to close on August 27
26/08/2014 11:02
Kotak Mahindra Mutual Fund has launched a new close ended debt scheme named “Kotak FMP Series 163 (1100 Days)” with maturity period of 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 25 and will close on August 27. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend payout option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Mayank Prakash and Abhishek Bisen will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns will be met by investing in a portfolio of Debt Securities (excluding money market instruments), Money Market instruments and Government Securities. Hence, the scheme will allocate 80 to 100 per cent of asset in Debt Securities (excluding money market instruments), 0 to 20 per cent of asset in money market instruments and 0 to 20 per cent of asset in Government Securities.

ICICI Prudential MF launches “ICICI Prudential Value Fund - Series 5”; NFO to close on September 02 26/08/2014

ICICI Prudential MF launches “ICICI Prudential Value Fund - Series 5”; NFO to close on September 02
26/08/2014 10:50
ICICI Prudential Mutual Fund has launched a new close ended equity scheme named “ICICI Prudential Value Fund - Series 5” with maturity period of 1217 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 22 and will close on September 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against S&P BSE 500 Index. Mrinal Singh, Atul Patel and Ashwin Jain will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide capital appreciation will be met by investing in a portfolio of equity and equity related instruments and debt, money market instruments and cash. Hence, the scheme will allocate 80 to 100 per cent of asset in equity and equity related instruments and 0 to 20 per cent of asset in debt, money market instruments and cash.

ICICI Prudential MF launches “ICICI Prudential Constant Maturity Gilt Fund”; NFO to close on September 01 25/08/2014

ICICI Prudential MF launches “ICICI Prudential Constant Maturity Gilt Fund”; NFO to close on September 01
25/08/2014 11:14
ICICI Prudential Mutual Fund has launched a new open ended income fund scheme named “ICICI Prudential Constant Maturity Gilt Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 01. According to the offer document filed with SEBI, the entry load is nil and the exit load charge will be 0.25 per cent for redemptions within 1 month from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL 10 year Gilt index. Rahul Goswami will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide reasonable returns will be met by investing in a portfolio of government securities and CBLO, reverse repo in government securities, cash and cash equivalent. Hence, the scheme will allocate 95 to 100 per cent of asset in government securities and 0 to 5 per cent of asset in CBLO, reverse repo in government securities, cash and cash equivalent.

IDFC MF declares dividend under “IDFC Equity Opportunity - Series 1 - Direct Plan” 25/08/2014

IDFC MF declares dividend under “IDFC Equity Opportunity - Series 1 - Direct Plan”
25/08/2014 10:51
IDFC Mutual Fund has announced 30.0000 per cent dividend under dividend payout option of scheme named as “IDFC Equity Opportunity - Series 1 - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 25. The latest NAV of the scheme is Rs 16.00. The investment objective of the equity-diversified scheme is to generate capital appreciation from a portfolio that is invested in equity and equity related securities of companies. The performance of the scheme is benchmarked against S&P BSE 500. Kenneth Andrade is the fund manager of the scheme.

Reliance MF declares dividend under “Reliance Arbitrage Advantage Fund - Direct Plan” 25/08/2014

Reliance MF declares dividend under “Reliance Arbitrage Advantage Fund - Direct Plan”
25/08/2014 10:48
Reliance Mutual Fund has announced 0.6000 per cent dividend under dividend payout option of scheme named as “Reliance Arbitrage Advantage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 25. The latest NAV of the scheme is Rs 10.34. The investment objective of the equity-diversified scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Krishan Daga is the fund manager of the scheme.

Kotak Mahindra MF declares dividend under “Kotak Opportunities Fund” 25/08/2014

Kotak Mahindra MF declares dividend under “Kotak Opportunities Fund”
25/08/2014 10:44
Kotak Mahindra Mutual Fund has announced 10.0000 per cent dividend under dividend payout option of scheme named as “Kotak Opportunities Fund” on the face value of Rs 10 per unit. The record date for the dividend is August 25. The latest NAV of the scheme is Rs 21.49. The investment objective of the equity-diversified scheme is to generate capital appreciation from a diversified portfolio of equity & equity related instruments. The performance of the scheme is benchmarked against CNX 500 Index. Harsha Upadhyaya is the fund manager of the scheme.

JP Morgan MF files offer document for equity scheme 22/08/2014

JP Morgan MF files offer document for equity scheme
22/08/2014 15:20
JP Morgan Mutual Fund has filed offer documents for a new equity scheme to cash in on India's renewed focus on reforms and infrastructure investments, reported PTI. It has filed draft documents with market regulator Sebi for the scheme -- JP Morgan India Economic Reforms and Infrastructure Fund. The offer price will be Rs 10 per unit, as per the scheme information documents filed with the Securities and Exchange Board of India. The scheme offers growth and dividend options and seeks to collect a minimum of Rs 10 crore. It will be benchmarked against S&P BSE 200. The minimum application amount is Rs 5,000 and in multiples of 1 thereafter. The proposal for the scheme comes amid the BJP-led government laying greater thrust on attracting investments in key sectors, especially infrastructure space, to revive India's economic growth. The investment objective of the scheme is "to generate long term capital appreciation, from a diversified portfolio that is substantially constituted of equity and equity related securities of companies involved in the economic development of India which could benefit from structural changes brought about by continued liberalisation in economic policies by the government and investments in infrastructure", JP Morgan MF said.

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan-Series 75-1100 Days Plan G”; NFO to close on S 22/08/2014

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan-Series 75-1100 Days Plan G”; NFO to close on S
22/08/2014 11:04
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan-Series 75-1100 Days Plan G” with maturity period of 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 03. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Rahul Bhuskute and Nikhil Paranjape will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt instruments including securitized debt and money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments including securitized debt and 0 to 30 per cent of asset in money market instruments.

Reliance MF declares dividend under “Reliance Arbitrage Advantage Fund” 22/08/2014

Reliance MF declares dividend under “Reliance Arbitrage Advantage Fund”
22/08/2014 10:52
Reliance Mutual Fund has announced 0.6000 per cent dividend under dividend payout option of scheme named as “Reliance Arbitrage Advantage Fund” on the face value of Rs 10 per unit. The record date for the dividend is August 25. The investment objective of the equity-diversified scheme is to generate income by taking advantage of the arbitrage opportunities that potentially exists between cash and derivative market and within the derivative segment along with investments in debt securities & money market instruments. The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Krishan Daga is the fund manager of the scheme.

Union KBC MF declares dividend under “Union KBC Equity Fund - Direct Plan” 22/08/2014

Union KBC MF declares dividend under “Union KBC Equity Fund - Direct Plan”
22/08/2014 10:46
Union KBC Mutual Fund has announced 10.0000 per cent dividend under dividend payout option of scheme named as “Union KBC Equity Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 25. The latest NAV of the scheme is Rs 14.97. The investment objective of the equity-diversified scheme is to achieve long-term capital appreciation by investing substantially in a portfolio consisting of equity and equity related securities. The performance of the scheme is benchmarked against BSE 100 Index. Ashish Ranawade is the fund manager of the scheme.

IDFC MF declares dividend under “IDFC Equity Opportunity - Series 1” 22/08/2014

IDFC MF declares dividend under “IDFC Equity Opportunity - Series 1”
22/08/2014 10:42
IDFC Mutual Fund has announced 30.0000 per cent dividend under dividend payout option of scheme named as “IDFC Equity Opportunity - Series 1” on the face value of Rs 10 per unit. The record date for the dividend is August 25. The latest NAV of the scheme is Rs 15.79. The investment objective of the equity-diversified scheme is to generate capital appreciation from a portfolio that is invested in equity and equity related securities of companies. The performance of the scheme is benchmarked against S&P BSE 500. Kenneth Andrade is the fund manager of the scheme.

ICICI Prudential MF launches “ICICI Prudential Multiple Yield Fund – Series 7 - 1825 Days – Plan C”; 21/08/2014

ICICI Prudential MF launches “ICICI Prudential Multiple Yield Fund – Series 7 - 1825 Days – Plan C”;
21/08/2014 11:01
ICICI Prudential Mutual Fund has launched a new close ended income fund scheme named “ICICI Prudential Multiple Yield Fund – Series 7 - 1825 Days – Plan C” with maturity period of 1825 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 19 and will close on September 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Vinay Sharma, Rahul Goswami, Aditya Pagaria and Ashwin Jain will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt securities (including government securities), money market securities, cash & cash equivalent and equity or equity related securities. Hence, the scheme will allocate 65 to 95 per cent of asset in debt securities (including government securities), 0 to 30 per cent of asset in money market securities, cash & cash equivalent and 5 to 35 per cent of asset in equity or equity related securities.

Deutsche MF launches “DWS Hybrid Fixed Term Fund - Series 28 (39 months)”; NFO to close on August 26 21/08/2014

Deutsche MF launches “DWS Hybrid Fixed Term Fund - Series 28 (39 months)”; NFO to close on August 26
21/08/2014 10:52
Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Hybrid Fixed Term Fund - Series 28 (39 months)” with maturity period of 39 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 20 and will close on August 26. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Rakesh Suri and Akash Singhania will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt & debt related instruments, money market instruments and equity & equity related instruments including derivatives. Hence, the scheme will allocate 65 to 95 per cent of asset in debt & debt related instruments, 0 to 10 per cent of asset in money market instruments and 5 to 25 per cent of asset in equity & equity related instruments including derivatives.

JP Morgan MF declares dividend under “JPMorgan India Equity Fund - Direct Plan” 21/08/2014

JP Morgan MF declares dividend under “JPMorgan India Equity Fund - Direct Plan”
21/08/2014 10:39
JP Morgan Mutual Fund has announced 9.0000 per cent dividend under dividend payout option of scheme named as “JPMorgan India Equity Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 22. The latest NAV of the scheme is Rs 18.31. The investment objective of the equity-diversified scheme is to generate income and long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives. The performance of the scheme is benchmarked against S&P BSE 200. Harshad Patwardhan is the fund manager of the scheme.

Franklin Templeton MF declares dividend under “Franklin India High Growth Companies Fund” 21/08/2014

Franklin Templeton MF declares dividend under “Franklin India High Growth Companies Fund”
21/08/2014 10:35
Franklin Templeton Mutual Fund has announced 10.0000 per cent dividend under dividend payout option of scheme named as “Franklin India High Growth Companies Fund” on the face value of Rs 10 per unit. The record date for the dividend is August 22. The latest NAV of the scheme is Rs 20.46. The investment objective of the equity-diversified scheme is to achieve capital appreciation through investments in Indian companies/sectors with high growth rates or potential. The performance of the scheme is benchmarked against S&P CNX 500 Equity Index. Roshi Jain is the fund manager of the scheme.

ICICI Prudential MF declares dividend under “ICICI Prudential Value Fund - Series 2” 21/08/2014

ICICI Prudential MF declares dividend under “ICICI Prudential Value Fund - Series 2”
21/08/2014 10:30
ICICI Prudential Mutual Fund has announced 8.5000 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Value Fund - Series 2” on the face value of Rs 10 per unit. The record date for the dividend is August 22. The latest NAV of the scheme is Rs 14.20. The investment objective of the equity-diversified scheme is to provide capital appreciation by investing in a well-diversified portfolio of stocks through fundamental analysis. The performance of the scheme is benchmarked against S&P BSE 500. Sankaran Naren is the fund manager of the scheme.

Deutsche MF launches “DWS Hybrid Fixed Term Fund - Series 26 (1099 days)”; NFO to close on September 02 20/08/2014

Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Hybrid Fixed Term Fund - Series 26 (1099 days)” with maturity period of 1099 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 19 and will close on September 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Rakesh Suri and Akash Singhania will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt & debt related instruments, money market instruments and equity & equity related instruments including derivatives. Hence, the scheme will allocate 65 to 95 per cent of asset in debt & debt related instruments, 0 to 10 per cent of asset in money market instrument and 5 to 25 per cent of asset in equity & equity related instruments including derivatives.

Franklin Templeton MF declares dividend under “Franklin India High Growth Companies Fund - Direct Plan” 20/08/2014

Franklin Templeton MF declares dividend under “Franklin India High Growth Companies Fund - Direct Plan”
20/08/2014 10:54
Franklin Templeton Mutual Fund has announced 10.0000 per cent dividend under dividend payout option of scheme named as “Franklin India High Growth Companies Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 22. The latest NAV of the scheme is Rs 20.59. The investment objective of the equity-diversified scheme is to achieve capital appreciation through investments in Indian companies/sectors with high growth rates or potential. The performance of the scheme is benchmarked against S&P CNX 500 Equity Index (500 Cos). Roshi Jain is the fund manager of the scheme.

Canara Robeco MF declares dividend under “Canara Robeco Infrastructure” 20/08/2014

Canara Robeco MF declares dividend under “Canara Robeco Infrastructure”
20/08/2014 10:50
Canara Robeco Mutual Fund has announced 13.0000 per cent dividend under dividend payout option of scheme named as “Canara Robeco Infrastructure” on the face value of Rs 10 per unit. The record date for the dividend is August 22. The latest NAV of the scheme is Rs 24.11. The investment objective of the equity-sector fund scheme is to generate income / capital appreciation by investing in equities and equity related instruments of companies in the infrastructure sector. The performance of the scheme is benchmarked against S&P BSE 100. Ravi Gopalakrishnan is the fund manager of the scheme.

JP Morgan MF declares dividend under “JPMorgan India Equity Fund” 20/08/2014

JP Morgan MF declares dividend under “JPMorgan India Equity Fund”
20/08/2014 10:44
JP Morgan Mutual Fund has announced 9.0000 per cent dividend under dividend payout option of scheme named as “JPMorgan India Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is August 22. The latest NAV of the scheme is Rs 18.06. The investment objective of the equity-diversified scheme is to generate income and long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives. The performance of the scheme is benchmarked against S&P BSE 200. Harshad Patwardhan is the fund manager of the scheme.

ICICI Prudential MF declares dividend under “ICICI Prudential Value Fund - Series 2 - Direct Plan” 20/08/2014

ICICI Prudential MF declares dividend under “ICICI Prudential Value Fund - Series 2 - Direct Plan”
20/08/2014 10:40
ICICI Prudential Mutual Fund has announced 8.5000 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Value Fund - Series 2 - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 22. The latest NAV of the scheme is Rs 14.26. The investment objective of the equity-diversified scheme is to provide capital appreciation by investing in a well-diversified portfolio of stocks through fundamental analysis. The performance of the scheme is benchmarked against S&P BSE 500. Sankaran Naren is the fund manager of the scheme.

Finance Ministry expected to give in-principle nod for UTI MF IPO soon 19/08/2014

Finance Ministry expected to give in-principle nod for UTI MF IPO soon
19/08/2014 15:24
UTI Mutual Fund may revive its initial public offer (IPO) plan after Finance Ministry’s nod which is expected soon, reported PTI. “There is proposal for IPO of UTI Mutual Fund and the Finance Ministry is looking at it. The Ministry after consideration can give in-principle approval for public offer,” sources said. In 2008, UTI Asset Management Company deferred its IPO owning to uncertain market conditions. The fund house had proposed to sell 4.8 crore equity shares through IPO. “The IPO would not be a revenue raising measure but it is governance measure,” sources said as per the PTI report, adding, IPO will make UTI AMC as market based mutual fund.

JP Morgan MF declares dividend under “JM Arbitrage Advantage Fund - Direct Plan” 19/08/2014

JP Morgan MF declares dividend under “JM Arbitrage Advantage Fund - Direct Plan”
19/08/2014 10:48
JP Morgan Mutual Fund has announced 0.9000 per cent dividend under dividend payout option of scheme named as “JM Arbitrage Advantage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 19. The latest NAV of the scheme is Rs 10.64. The investment objective of the open ended equity diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Chaitanya Choksi is the fund manager of the scheme.

Tata MF declares dividend under “Tata Money Market Fund Plan A” 19/08/2014

Tata MF declares dividend under “Tata Money Market Fund Plan A”
19/08/2014 10:47
Tata Mutual Fund has announced 0.0180 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund Plan A” on the face value of Rs 1000 per unit. The record date for the dividend is August 17. The latest NAV of the scheme is Rs 1,001.52. The investment objective of the open ended liquid fund is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

SBI MF declares dividend under “SBI Magnum Insta Cash Fund - Liquid Floater Plan” 19/08/2014

SBI MF declares dividend under “SBI Magnum Insta Cash Fund - Liquid Floater Plan”
19/08/2014 10:45
SBI Mutual Fund has announced 0.1252 per cent dividend under dividend payout option of scheme named as “SBI Magnum Insta Cash Fund - Liquid Floater Plan” on the face value of Rs 1000 per unit. The record date for the dividend is August 15. The latest NAV of the scheme is Rs 1,031.65. The investment objective of the open ended liquid fund is to mitigate interest rate risk and generate opportunities for regular income through a portfolio investing predominantly in floating rate securities and money market instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. R.Arun is the fund manager of the scheme.

Birla Sun Life MF declares dividend under “Birla Sun Life Enhanced Arbitrage Fund” 19/08/2014

Birla Sun Life MF declares dividend under “Birla Sun Life Enhanced Arbitrage Fund”
19/08/2014 10:42
Birla Sun Life Mutual Fund has announced 0.6000 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Enhanced Arbitrage Fund” on the face value of Rs 10 per unit. The record date for the dividend is August 21. The latest NAV of the scheme is Rs 10.60. The investment objective of the open ended equity-diversified scheme is to generate income by investing predominantly in equity and equity related instruments. Scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Ajay Garg is the fund manager of the scheme.

Reliance MF launches “Reliance Dual Advantage Fixed Tenure Fund VI- Plan B”; NFO to close on August 27 18/08/2014

Reliance MF launches “Reliance Dual Advantage Fixed Tenure Fund VI- Plan B”; NFO to close on August 27 18/08/2014 12:58
Reliance Mutual Fund has launched a new close ended hybrid scheme named “Reliance Dual Advantage Fixed Tenure Fund VI- Plan B” with maturity period of 1108 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 13 and will close on August 27. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil MIP Blended Fund Index. Krishan Daga and Anju Chajje will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and reduce interest rate volatility will be met by investing in a portfolio of fixed income securities. Hence, the scheme will allocate 65 to 95 per cent of asset in debt instruments, 0 to 30 per cent in money market instruments and 5 to 20 per cent in equity and equity related instruments.

HDFC MF launches “HDFC FMP 1113D August 2014 (1)”; NFO to close on August 26 18/08/2014

HDFC MF launches “HDFC FMP 1113D August 2014 (1)”; NFO to close on August 26
18/08/2014 12:44
HDFC Mutual Fund has launched a new close ended income scheme named “HDFC FMP 1113D August 2014 (1)” with maturity period of 1113 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 14 and will close on August 26. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. Rakesh Vyas and Anil Bamboli will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in debt /money market instruments and government securities. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments and government securities and 0 to 30 per cent in money market instruments.

Deutsche MF launches “DWS Arbitrage Fund”; NFO to close on August 22 18/08/2014

Deutsche MF launches “DWS Arbitrage Fund”; NFO to close on August 22
18/08/2014 12:34
Deutsche Mutual Fund has launched a new open ended equity scheme named “DWS Arbitrage Fund” The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 13 and will close on August 22. According to the offer document filed with SEBI, the entry load is nil while exit load of 0.5 per cent will be charged if the scheme if redeemed within 90 days from date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index. Akash Singhania and Kumaresh Ramakrishnan will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in cash and derivatives market as well as within the derivatives segment of the market. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities and 0 to 35 per cent in debt and money market instruments.

ICICI Prudential MF launches “ICICI Prudential Capital Protection Oriented Fund-Series VI-1100 Days-Plan G”; NFO 14/08/2014

ICICI Prudential MF launches “ICICI Prudential Capital Protection Oriented Fund-Series VI-1100 Days-Plan G”; NFO
14/08/2014 10:50
ICICI Prudential Mutual Fund has launched a new close ended capital protection oriented fund scheme named “ICICI Prudential Capital Protection Oriented Fund-Series VI-1100 Days-Plan G” with maturity period of 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 12 and will close on August 26. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Vinay Sharma, Rahul Goswami, Aditya Pagaria and Ashwin Jain will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to protect capital will be met by investing in a portfolio of debt securities & money market instruments and equity & equity related securities. Hence, the scheme will allocate 75 to 100 per cent of asset in debt securities & money market instruments and 0 to 25 per cent of asset in equity & equity related securities.

Sundaram MF declares dividend under “Sundaram Select Micro Cap Series IV - Direct Plan” 14/08/2014

Sundaram MF declares dividend under “Sundaram Select Micro Cap Series IV - Direct Plan”
14/08/2014 10:40
Sundaram Mutual Fund has announced 10.0000 per cent dividend under dividend payout option of scheme named as “Sundaram Select Micro Cap Series IV - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 14. The latest NAV of the scheme is Rs 13.76. The investment objective of the equity-diversified scheme is to seek capital appreciation by investing predominantly in equity/equity-related instruments of companies that can be termed as micro-caps. The performance of the scheme is benchmarked against S&P BSE Small-Cap. S Krishnakumar is the fund manager of the scheme.

Birla Sun Life MF launches “Birla Sun Life Fixed Term Plan - Series LU (1104 days)”; NFO to close on August 20 13/08/2014

Birla Sun Life MF launches “Birla Sun Life Fixed Term Plan - Series LU (1104 days)”; NFO to close on August 20
13/08/2014 10:59
Birla Sun Life Mutual Fund has launched a new close ended income scheme named “Birla Sun Life Fixed Term Plan - Series LU (1104 days)” with maturity period of 1104 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 12 and will close on August 20. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index. Kaustubh Gupta will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt securities (excluding money market instruments), money market instruments and government securities. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities (excluding money market instruments), 0 to 20 per cent of asset in money market instruments and 0 to 20 per cent of asset in government securities.

Sundaram MF declares dividend under “Sundaram Select Micro Cap Series II - Direct Plan” 13/08/2014

Sundaram MF declares dividend under “Sundaram Select Micro Cap Series II - Direct Plan”
13/08/2014 10:43
Sundaram Mutual Fund has announced 10.0000 per cent dividend under dividend payout option of scheme named as “Sundaram Select Micro Cap Series II - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 14. The latest NAV of the scheme is Rs 15.23. The investment objective of the equity-diversified scheme is to seek capital appreciation by investing predominantly in equity/equity-related instruments of companies that can be termed as micro-caps. The performance of the scheme is benchmarked against S&P BSE Small-Cap. S Krishnakumar is the fund manager of the scheme.

Axis MF launches “Axis Hybrid Fund - Series 14”; NFO to close on August 22 12/08/2014

Axis MF launches “Axis Hybrid Fund - Series 14”; NFO to close on August 22
12/08/2014 10:55
Axis Mutual Fund has launched a new close ended debt scheme named “Axis Hybrid Fund - Series 14” with maturity period of 1274 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 22. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Devang Shah and Jinesh Gopani will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt instruments including securitized debt (not including money market instruments), money market instruments and equity & equity related instruments. Hence, the scheme will allocate 70 to 95 per cent of asset in debt instruments including securitized debt (not including money market instruments), 0 to 25 per cent of asset in money market instruments and 5 to 30 per cent of asset in equity & equity related instruments.

ICICI Prudential MF declares dividend under “ICICI Prudential Infrastructure Fund - Direct Plan” 12/08/2014

ICICI Prudential MF declares dividend under “ICICI Prudential Infrastructure Fund - Direct Plan”
12/08/2014 10:46
ICICI Prudential Mutual Fund has announced 4.0000 per cent dividend under dividend payout option of scheme named as “ICICI Prudential Infrastructure Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 14. The latest NAV of the scheme is Rs 15.07. The investment objective of the equity - sector fund scheme is to generate capital appreciation and income distribution to unit holders by investing predominantly in equity/equity related securities of the companies belonging to the infrastructure industries and balance in debt securities and money market instruments including call money. The performance of the scheme is benchmarked against CNX Infrastructure Index. Yogesh Bhatt is the fund manager of the scheme.

Birla Sun Life MF declares dividend under “Birla Sun Life Asset Allocation Fund - Aggressive Plan” 12/08/2014

Birla Sun Life MF declares dividend under “Birla Sun Life Asset Allocation Fund - Aggressive Plan”
12/08/2014 10:41
Birla Sun Life Mutual Fund has announced 40.0000 per cent dividend under dividend payout option of scheme named as “Birla Sun Life Asset Allocation Fund - Aggressive Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 14. The latest NAV of the scheme is Rs 43.77. The investment objective of the open-ended fund of funds scheme is to provide income and capital appreciation along with diversification by investing in a basket of debt and equity mutual fund schemes in line with the risk profile of the investors. The performance of the scheme is benchmarked against NSE Index. Satyabrata Mohanty is the fund manager of the scheme.

Reliance MF launches “Reliance Japan Equity Fund”; NFO to close on August 20 11/08/2014

Reliance MF launches “Reliance Japan Equity Fund”; NFO to close on August 20
11/08/2014 11:29
Reliance Mutual Fund has launched a new open ended diversified equity scheme named “Reliance Japan Equity Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 08 and will close on August 20. According to the offer document filed with SEBI, the entry load is nil and exit load will be charged 1 per cent if redeemed or switched out on or before completion of 1 year from the date of allotment of units. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, Bonus, Dividend payout and Dividend Re-investment option. The performance of the scheme will be benchmarked against TOPIX (Tokyo Stock Price Index). Jahnvee Shah and Anju Chajjer will be the fund managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide long term capital appreciation will be met by investing in a portfolio of Equity and Equity related Instruments listed on the recognized stock exchanges of Japan and fixed income securities, including money market instruments, cash and equivalent, Treasury bills and fixed deposits of India. Hence, the scheme will allocate 80 to 100 per cent of asset in Equity and Equity related Instruments listed on the recognized stock exchanges of Japan and 0 to 20 per cent of asset in fixed income securities, including money market instruments, cash and equivalent, Treasury bills and fixed deposits of India.

IDFC MF declares dividend under “IDFC Equity Opportunity - Series 2” 11/08/2014

IDFC MF declares dividend under “IDFC Equity Opportunity - Series 2”
11/08/2014 10:59
IDFC Mutual Fund has announced 15.0000 per cent dividend under dividend payout option of scheme named as “IDFC Equity Opportunity - Series 2” on the face value of Rs 10 per unit. The record date for the dividend is August 12. The latest NAV of the scheme is Rs 13.31. The investment objective of the equity-diversified scheme is to generate capital appreciation from a portfolio that is invested in equity and equity related securities of Indian and foreign companies. The performance of the scheme is benchmarked against S&P BSE 500 index. Punam Sharma is the fund manager of the scheme.

Religare Invesco MF declares dividend under “Religare Invesco Arbitrage Fund - Direct Plan” 11/08/2014

Religare Invesco MF declares dividend under “Religare Invesco Arbitrage Fund - Direct Plan”
11/08/2014 10:54
Religare Invesco Mutual Fund has announced 1.1000 per cent dividend under dividend payout option of scheme named as “Religare Invesco Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend was August 08. The latest NAV of the scheme was Rs 13.03. The investment objective of the equity-diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Vetri Subramaniam is the fund manager of the scheme.

Edelweiss MF declares dividend under “Edelweiss Diversified Growth Equity Top 100 (E.D.G.E.) Fund - Direct Plan” 08/08/2014

Edelweiss MF declares dividend under “Edelweiss Diversified Growth Equity Top 100 (E.D.G.E.) Fund - Direct Plan”
08/08/2014 10:37
Edelweiss Mutual Fund has announced 5.0000 per cent dividend under dividend payout option of scheme named as “Edelweiss Diversified Growth Equity Top 100 (E.D.G.E.) Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 08. The latest NAV of the scheme is Rs 17.22. The investment objective of the equity-diversified scheme is to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of the 100 largest corporates by market capitalization, listed in India. The performance of the scheme is benchmarked against CNX Nifty Index. Paul Parampreet is the fund manager of the scheme.

Sundaram MF launches “Sundaram Fixed Term Plan -GJ (3 Years)”; NFO to close on August 08 07/08/2014

Sundaram MF launches “Sundaram Fixed Term Plan -GJ (3 Years)”; NFO to close on August 08
07/08/2014 11:06
Sundaram Mutual Fund has launched a new close ended income scheme named “Sundaram Fixed Term Plan -GJ (3 Years)” with maturity period of 3 years from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 06 and will close on August 08. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Sandeep Agarwal will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of money market instruments and short-term and medium-term debt instruments. Hence, the scheme will allocate 0 to 30 per cent of asset in money market instruments and 70 to 100 per cent of asset in short-term and medium-term debt instruments.

SBI MF launches “SBI Debt Fund Series A – 39 (1100 Days)”; NFO to close on August 13 07/08/2014

SBI MF launches “SBI Debt Fund Series A – 39 (1100 Days)”; NFO to close on August 13
07/08/2014 10:52
SBI Mutual Fund has launched a new close ended debt scheme named “SBI Debt Fund Series A – 39 (1100 Days)” with maturity period of 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 13. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. Rajeev Radhakrishnan will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide regular returns and capital growth with limited interest rate risk will be met by investing in a portfolio of debt instruments and money market securities. Hence, the scheme will allocate 60 to 100 per cent of asset in debt instruments and 0 to 40 per cent of asset in money market securities.

Birla Sun Life MF declares dividend under “Birla Sun Life India Reforms Fund” 07/08/2014

Birla Sun Life MF declares dividend under “Birla Sun Life India Reforms Fund”
07/08/2014 10:37
Birla Sun Life Mutual Fund has announced 8.0000 per cent dividend under dividend payout option of scheme named as “Birla Sun Life India Reforms Fund” on the face value of Rs 10 per unit. The record date for the dividend is August 08. The latest NAV of the scheme is Rs 12.15. The investment objective of the equity-diversified scheme is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending. The performance of the scheme is benchmarked against S&P CNX 500 Equity Index. Naysar Shah is the fund manager of the scheme.

Religare Invesco MF declares dividend under “Religare Invesco Mid N Small Cap Fund - Direct Plan” 07/08/2014

Religare Invesco MF declares dividend under “Religare Invesco Mid N Small Cap Fund - Direct Plan”
07/08/2014 10:33
Religare Invesco Mutual Fund has announced 25.5000 per cent dividend under dividend payout option of scheme named as “Religare Invesco Mid N Small Cap Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is August 08. The latest NAV of the scheme is Rs 27.77. The investment objective of the equity-diversified scheme is to provide long term capital appreciation by investing in a portfolio that is predominantly constituted of equity and equity related instruments of mid and small cap companies. The performance of the scheme is benchmarked against CNX Midcap Index. Vinay Paharia is the fund manager of the scheme.

ICICI Prudential MF launches “ICICI Prudential Capital Protection Oriented Fund-Series VI-1100 Days-Plan F”; NFO 06/08/2014

ICICI Prudential MF launches “ICICI Prudential Capital Protection Oriented Fund-Series VI-1100 Days-Plan F”; NFO
06/08/2014 11:05
ICICI Prudential Mutual Fund has launched a new close ended capital protection oriented fund scheme named “ICICI Prudential Capital Protection Oriented Fund-Series VI-1100 Days-Plan F” with maturity period of 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 20. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Vinay Sharma, Rahul Goswami, Aditya Pagaria and Ashwin Jain will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to protect capital will be met by investing in a portfolio of debt securities & money market instruments and equity & equity related securities. Hence, the scheme will allocate 75 to 100 per cent of asset in debt securities & money market instruments and 0 to 25 per cent of asset in equity & equity related securities.

Reliance MF declares dividend under “Reliance Interval Fund - Quarterly Series 2” 06/08/2014

Reliance MF declares dividend under “Reliance Interval Fund - Quarterly Series 2”
06/08/2014 10:54
Reliance Mutual Fund has announced 2.0950 per cent dividend under dividend payout option of scheme named as “Reliance Interval Fund - Quarterly Series 2” on the face value of Rs 10 per unit. The record date for the dividend is August 07. The latest NAV of the scheme is Rs 10.25. The investment objective of the debt-income scheme is to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities & other fixed income / debt securities. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Amit Tripathi is the fund manager of the scheme.

Tata MF declares dividend under “Tata Money Market Fund Plan A” 06/08/2014

Tata MF declares dividend under “Tata Money Market Fund Plan A”
06/08/2014 10:51
Tata Mutual Fund has announced 0.0180 per cent dividend under dividend payout option of scheme named as “Tata Money Market Fund Plan A” on the face value of Rs 1000 per unit. The record date for the dividend was August 04. The latest NAV of the scheme was Rs 1,001.52. The investment objective of the liquid fund scheme is to create a highly liquid portfolio of money market instruments so as to provide reasonable returns & high liquidity to the unitholders. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Amit Somani is the fund manager of the scheme.

JM Financial MF declares dividend under “JM Money Manager Fund - Super Plus Plan” 06/08/2014

JM Financial MF declares dividend under “JM Money Manager Fund - Super Plus Plan”
06/08/2014 10:47
JM Financial Mutual Fund has announced 0.0530 per cent dividend under dividend payout option of scheme named as “JM Money Manager Fund - Super Plus Plan” on the face value of Rs 10 per unit. The record date for the dividend was August 04. The latest NAV of the scheme was Rs 10.02. The investment objective of the debt-short term scheme is to generate stable long term returns with low risk strategy and capital appreciation/ accretion through investments in debt instruments and related securities besides preservation of capital. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Vikas Agarwal is the fund manager of the scheme.

Escorts MF declares dividend under “Escorts Income Bond” 05/08/2014

Escorts MF declares dividend under “Escorts Income Bond”
05/08/2014 10:43
Escorts Mutual Fund has announced 1.0000 per cent dividend under dividend payout option of scheme named as “Escorts Income Bond” on the face value of Rs 10 per unit. The record date for the dividend was August 04. The latest NAV of the scheme was Rs 38.61. The investment objective of the debt-income scheme is to generate current income and capital appreciation by investing in a well-diversified portfolio of fixed income securities with moderate risk. There can be an exposure to equity and money market instruments. The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Anuj Jain is the fund manager of the scheme.

IDFC MF launches “IDFC FIXED TERM PLAN SERIES-100(1098 Days)”; NFO to close on August 4 04/08/2014

IDFC MF launches “IDFC FIXED TERM PLAN SERIES-100(1098 Days)”; NFO to close on August 4
04/08/2014 11:33
IDFC Mutual Fund has launched a new close ended income scheme named “IDFC FIXED TERM PLAN SERIES-100(1098 Days)” with maturity period of 1098 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on July 30 and will close on August 4. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 10,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend payout option. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Anupam Joshi will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investments in a portfolio of debt and money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities and 0 to 250 per cent of asset in Money market Instruments (including CBLO).

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan - Corporate Bond Series B - 1100 Days”; NFO to 04/08/2014

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan - Corporate Bond Series B - 1100 Days”; NFO to
04/08/2014 11:32
ICICI Prudential Mutual Fund has launched a new close ended debt scheme named “ICICI Prudential Fixed Maturity Plan - Corporate Bond Series B - 1100 Days” with maturity period of 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on August 1 and will close on August 8. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend payout option. The performance of the scheme will be benchmarked against Crisil Short Term Bond Fund Index. Rahul Bhuskute and Nikhil Paranjape will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income with capital growth will be met by investments in a portfolio of corporate bond securities. Hence, the scheme will allocate 75 to 80 per cent of asset in “A” rated NCDs and 20 to 25 per cent of asset in unrated NCDs

DSP BlackRock MF launches “DSP BlackRock Global Allocation Fund”; NFO to close on August 14 01/08/2014

DSP BlackRock MF launches “DSP BlackRock Global Allocation Fund”; NFO to close on August 14
01/08/2014 13:04
DSP BlackRock Mutual Fund has launched a new open ended fund of fund scheme named “DSP BlackRock Global Allocation Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 14. Scheme re-opens for continuous sale and repurchase within five business days from the date of allotment. According to the offer document filed with SEBI, the entry load is nil while exit load of 1 per cent will be charged if scheme will be redeemed within 12 months from data of allotment, or else nil. The minimum application amount is Rs 1,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend payout option. Jay Kothari and Laukik Bagwe will be the Fund Managers of the scheme. The benchmark index of the scheme is 36% S&P 500 Composite; 24% FTSE World (ex-US); 24% ML US Treasury Current 5 Year; 16% Citigroup Non-USD World Government Bond Index. The asset allocation of scheme will be in such a way that the objective of the scheme to seek capital appreciation will be met by investing in predominantly in units of BlackRock Global Funds - Global Allocation Fund (BGF - GAF). The Scheme may also invest in the units of other similar overseas mutual fund schemes which may constitute a significant part of its corpus. The Scheme may also invest a certain portion of its corpus in money market securities and/ or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity.

Deutsche MF launches “DWS Hybrid Fixed Term Fund - Series 27 (37 months)”; NFO to close on August 8 01/08/2014

Deutsche MF launches “DWS Hybrid Fixed Term Fund - Series 27 (37 months)”; NFO to close on August 8
01/08/2014 13:03
Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Hybrid Fixed Term Fund - Series 27 (37 months)” with maturity period of 37 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 8. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend payout option. The performance of the scheme will be benchmarked against Crisil MIP Blended Fund Index. Akash Singhania and Rakesh Suri will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in investments in fixed income securities. Hence, the scheme will allocate 65 to 95 per cent of asset in Debt and debt related instruments, 0 to 10 per cent of asset in money market instruments and 5 to 25 per cent of assets in equity and equity related instruments high derivatives.

Deutsche MF launches “DWS Fixed Maturity Plan - Series 75 (1099 days)”; NFO to close on August 11 01/08/2014

Deutsche MF launches “DWS Fixed Maturity Plan - Series 75 (1099 days)”; NFO to close on August 11
01/08/2014 13:03
Deutsche Mutual Fund has launched a new close ended debt scheme named “DWS Fixed Maturity Plan - Series 75 (1099 days)” with maturity period of 1099 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 11. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend payout option. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Rakesh Suri will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in investments in debt and money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in Domestic debt instruments including government securities excluding money market instrument and 0 to 20 per cent of asset in money market instruments.

HDFC MF launches “HDFC FMP 1116D JULY 2014(1)”; NFO to close on August 11 31/07/2014

HDFC MF launches “HDFC FMP 1116D JULY 2014(1)”; NFO to close on August 11
31/07/2014 16:52
HDFC Mutual Fund has launched a new close ended income scheme named “HDFC FMP 1116D JULY 2014(1)” with maturity period of 1116 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 11. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend payout option. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Shobhit Mehrotra and Rakesh Vyas will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in investments in debt / money market instruments and government securities. Hence, the scheme will allocate 80 to 100 per cent of asset in government securities & debt instruments and 0 to 20 per cent of asset in money market instruments.

Mutual Fund outflows reach Rs 60,000 cr in June: Media Report 30/07/2014

Mutual Fund outflows reach Rs 60,000 cr in June: Media Report
30/07/2014 16:27
Investors pulled out nearly Rs 60,000 crore from various mutual fund schemes in June after putting in a staggering Rs 1.5 lakh crore in the preceding two months, reported PTI. As per the latest data available with the Securities and Exchange Board of India, there was a net outflow of Rs 59,726 crore in June as against a net inflow of Rs 1,46,094 crore in the previous two months. At gross level, MFs mobilised Rs 8.92 lakh crore in June, while there were redemptions worth Rs 9.51 lakh crore as well. This resulted in a net outflow of Rs 59,726 crore. This significant level of funds withdrawal has also led to the decline in the total assets under management of MFs that fell to Rs 9.75 lakh crore as on June 30, from a record Rs 10.11 lakh crore in the previous month. The strong outflow in MF schemes coincided with a gain in BSE's benchmark Sensex by 5 per cent last month. Overall, during the current financial year so far, MF on a net basis have mobilised Rs 86,369 crore as compared to Rs 53,783 crore garnered in the entire 2013-14 fiscal.