Religare Invesco MF’s NFO opens today 31/12/2014

Religare Invesco MF’s NFO opens today
31/12/2014 12:26
Religare Invesco Mutual Fund has launched a new close ended debt scheme named “Religare Invesco Fixed Maturity Plan - Series 25 - Plan A (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 today and will close on January 6, 2015.
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. Nitish Sikand 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 and money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments and 0 to 30 per cent of asset in money market instruments.

Dec 31 set as record date for div under “Canara Robeco Dynamic Bond Fund - DP” 31/12/2014

Dec 31 set as record date for div under “Canara Robeco Dynamic Bond Fund - DP”
31/12/2014 12:03
Canara Robeco Mutual Fund has announced 3.9 per cent dividend under dividend payout option of scheme named as “Canara Robeco Dynamic Bond Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is December 31. The latest NAV of the scheme is Rs 13.43.
The investment objective of the debt-income scheme is to generate income from a portfolio of debt and money market securities.
The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Girish Hisaria is the fund manager of the scheme.

Div declared for Edelweiss Arbitrage Fund - DP 31/12/2014

Div declared for Edelweiss Arbitrage Fund - DP
31/12/2014 10:45
Edelweiss Mutual Fund has announced 1.4 per cent dividend under dividend payout option of scheme named as “Edelweiss Arbitrage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 31. The latest NAV of the scheme is Rs 10.31. The investment objective of the equity-diversified scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Bhavesh Jain is the fund manager of the scheme.

4% div announced under Canara Robeco Gilt PGS 31/12/2014

4% div announced under Canara Robeco Gilt PGS
31/12/2014 10:37
Canara Robeco Mutual Fund has announced 4 per cent dividend under dividend payout option of scheme named as “Canara Robeco Gilt PGS” on the face value of Rs 10 per unit. The record date for the dividend is December 31. The latest NAV of the scheme is Rs 13.65. The investment objective of the gilt fund scheme is to provide risk free return (except interest rate risk) and long term capital appreciation by investing only in Govt. Securities. The performance of the scheme is benchmarked against I-Sec Li-BEX. Girish Hisaria is the fund manager of the scheme.

Canara Robeco MF announces 3.9% div under Dynamic Bond Fund 31/12/2014

Canara Robeco MF announces 3.9% div under Dynamic Bond Fund
31/12/2014 10:35
Canara Robeco Mutual Fund has announced 3.9 per cent dividend under dividend payout option of scheme named as “Canara Robeco Dynamic Bond Fund” on the face value of Rs 10 per unit. The record date for the dividend is December 31. The latest NAV of the scheme is Rs 13.33. The investment objective of the debt-income scheme is to generate income from a portfolio of debt and money market securities. The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Girish Hisaria is the fund manager of the scheme.

Dec 31 set as record date for div under “Edelweiss Arbitrage Fund” 30/12/2014

Dec 31 set as record date for div under “Edelweiss Arbitrage Fund”
30/12/2014 11:08
Edelweiss Mutual Fund has announced 1.4 per cent dividend under dividend payout option of scheme named as “Edelweiss Arbitrage Fund” on the face value of Rs 10 per unit.
The record date for the dividend is December 31. The latest NAV of the scheme is Rs 10.33.
The investment objective of the equity-diversified scheme is to generate income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Bhavesh Jain is the fund manager of the scheme.

2.1% div announced under Canara Robeco Income 30/12/2014

2.1% div announced under Canara Robeco Income
30/12/2014 11:05
Canara Robeco Mutual Fund has announced 2.1 per cent dividend under dividend payout option of scheme named as “Canara Robeco Income” on the face value of Rs 10 per unit.
The record date for the dividend is December 31. The latest NAV of the scheme is Rs 14.02.
The investment objective of the debt-income scheme is to generate income through investment in debt and money market securities of different maturity and issuers of different risk profiles.
The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Avnish Jain is the fund manager of the scheme.

Dec 30 set as record date for div under “IDFC Arbitrage Fund” 30/12/2014

Dec 30 set as record date for div under “IDFC Arbitrage Fund”
30/12/2014 10:52
IDFC Mutual Fund has announced 0.94 per cent dividend under dividend payout option of scheme named as “IDFC Arbitrage Fund” on the face value of Rs 10 per unit.
The record date for the dividend is December 30. The latest NAV of the scheme is Rs 12.54.
The investment objective of the equity-diversified scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunity in the cash and the derivative segments of the equity markets and the arbitrage opportunity available within the derivative segments and by investing the balance in debt and money market instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Yogik Pitti is the fund manager of the scheme.

Kotak Mahindra MF announces 1% div under Taxsaver - Direct Plan 30/12/2014

Kotak Mahindra MF announces 1% div under Taxsaver - Direct Plan
30/12/2014 10:49
Kotak Mahindra Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “Kotak Taxsaver - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is December 30. The latest NAV of the scheme is Rs 18.19.
The investment objective of the Equity-ELSS scheme is to generate capital appreciation from a diversified portfolio of equity & equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.
The performance of the scheme is benchmarked against CNX 500 Index. Deepak Gupta is the fund manager of the scheme.

Div declared for IDFC Arbitrage Plus Fund - Direct Plan 30/12/2014

Div declared for IDFC Arbitrage Plus Fund - Direct Plan
30/12/2014 10:46
IDFC Mutual Fund has announced 0.91 per cent dividend under dividend payout option of scheme named as “IDFC Arbitrage Plus Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is December 30. The latest NAV of the scheme is Rs 12.07.
The investment objective of the equity-diversified scheme is to generate income (absolute to low volatility returns) by taking advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Yogik Pitti is the fund manager of the scheme.

Axis MF launches “Axis Hybrid Fund - Series 18”; NFO to close on Jan 9. 29/12/2014

Axis MF launches “Axis Hybrid Fund - Series 18”; NFO to close on Jan 9
29/12/2014 10:58
Axis Mutual Fund has launched a new close ended income scheme named “Axis Hybrid Fund - Series 18”.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on January 9.
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 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 in high quality fixed income securities that are maturing on or before the maturity of the Scheme whilst the secondary objective is to generate capital appreciation by investing in equity and equity related instruments.

Mutual Funds touch Rs 11 tn mark in 2014 26/12/2014

Mutual Funds touch Rs 11 tn mark in 2014
26/12/2014 12:09
Fighting all adversities and a tougher regulatory regime, mutual funds are headed for a cash-rich 2014 with an estimated addition of about Rs three lakh crore to its asset base to become a Rs 11-trillion market, said the media report. Helped by a smart rally in the equity market, the mutual funds' assets under management hit a record high of Rs 10.96 lakh crore in October itself and has remained near Rs 10.9 lakh crore as the year draws to a close. Fund houses are upbeat about the industry performance for the next year as equity markets are expected to continue to deliver making the segment attractive. "2014 witnessed significant milestones for the mutual fund industry, with assets growing 32 per cent to around Rs 11 lakh crore as on November," industry body AMFI's Chairman and top fund house Reliance Mutual Fund's chief Sundeep Sikka said. The number of investors have also grown substantially this year, Sikka said, while adding that a rally in markets and improving economic indicators are expected to result in a much more broad-based participation in 2015. Especially among retail investors. "The next year (2015) will be a very good year for the mutual fund industry," JP Morgan AMC Managing Director and CEO Nandkumar Surti said. HSBC Global Asset Management India CEO Puneet Chaddha said :"We are currently in a sweet spot wherein equity markets are expected to continue to deliver over the medium term making the segment attractive." "We also need to consider that we are possibly at the peak of the interest rate cycle. Therefore, long term bond segment might become attractive as the interest rates go down," he added. Besides, industry believes that any new entrant will not make its way in the MF sector any time soon next year.

L&T MF announces 20% div under Equity Fund - Direct Plan 26/12/2014

L&T MF announces 20% div under Equity Fund - Direct Plan
26/12/2014 10:01
L&T Mutual Fund has announced 20 per cent dividend under dividend payout option of scheme named as “L&T Equity Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is December 29. The latest NAV of the scheme is Rs 33.34.
The investment objective of the equity - diversified scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Soumendra Nath Lahiri is the fund manager of the scheme.

Div declared for Principal Growth Fund 26/12/2014

Div declared for Principal Growth Fund
26/12/2014 09:59
Principal Mutual Fund has announced 48.8 per cent dividend under dividend payout option of scheme named as “Principal Growth Fund” on the face value of Rs 10 per unit.
The record date for the dividend is December 29. The latest NAV of the scheme is Rs 41.32.
The investment objective of the equity - diversified scheme is to achieve long-term capital appreciation.
The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). P.V.K Mohan is the fund manager of the scheme.

Principal MF announces 23.2% div under Principal Balanced Fund - Dividend 26/12/2014

Principal MF announces 23.2% div under Principal Balanced Fund - Dividend
26/12/2014 09:57
Principal Mutual Fund has announced 23.2 per cent dividend under dividend payout option of scheme named as “Principal Balanced Fund - Dividend” on the face value of Rs 10 per unit.
The record date for the dividend is December 29. The latest NAV of the scheme is Rs 24.61.
The investment objective of the equity - diversified scheme is to provide long term appreciation and current income by investing in a portfolio of equity & equity related securities and fixed income securities.
The performance of the scheme is benchmarked against Crisil Balanced Fund Index. P.V.K Mohan is the fund manager of the scheme.

Dec 29 set as record date for div under “Escorts Income Bond” 26/12/2014

Dec 29 set as record date for div under “Escorts Income Bond”
26/12/2014 09:54
Escorts Mutual Fund has announced 1 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 is December 29. The latest NAV of the scheme is Rs 35.60.
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.
The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Anuj Jain is the fund manager of the scheme.

7.5% div announced under DWS Alpha Equity Fund 26/12/2014

7.5% div announced under DWS Alpha Equity Fund
26/12/2014 09:52
Deutsche Mutual Fund has announced 7.5 per cent dividend under dividend payout option of scheme named as “DWS Alpha Equity Fund” on the face value of Rs 10 per unit.
The record date for the dividend is December 26. The latest NAV of the scheme is Rs 21.52.
The investment objective of the open-ended equity scheme is to generate long-term capital growth from investment in a diversified portfolio of equity and equity related securities.
The performance of the scheme is benchmarked against NSE Index. Akash Singhania is the fund manager of the scheme.

10-year maturity period scheme launched by SBI MF 24/12/2014

10-year maturity period scheme launched by SBI MF
24/12/2014 11:11
SBI Mutual Fund has launched a new close ended equity linked savings scheme named “SBI Long Term Advantage Fund - Series II” with maturity period of 10 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 December 22, 2014 and will close on March 23, 2015.
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 500 and in multiples of Rs 500 thereafter. The options available under the plan of the scheme are Growth and Dividend option.
The performance of the scheme will be benchmarked against S&P BSE 500 Index. Dharmendra Grover 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 over a period of ten years will be met by investing in a portfolio of equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies and money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in equities, cumulative convertible preference shares and fully convertible debentures and bonds of companies, 0 to 20 per cent of asset in money market instruments.

Dec 26 set as record date for div under “Sundaram Tax Saver (Open-Ended)” 24/12/2014

Dec 26 set as record date for div under “Sundaram Tax Saver (Open-Ended)”
24/12/2014 11:02
Sundaram Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Sundaram Tax Saver (Open-Ended)” on the face value of Rs 10 per unit.
The record date for the dividend is December 26. The latest NAV of the scheme is Rs 15.20.
The investment objective of the Equity - ELSS scheme is to achieve capital appreciation by investing in a well diversified basket of equities and equity related instruments.
The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). J Venkatesan is the fund manager of the scheme.

1% div announced under BNP Paribas Dividend Yield Fund 24/12/2014

1% div announced under BNP Paribas Dividend Yield Fund
24/12/2014 10:58
BNP Paribas Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “BNP Paribas Dividend Yield Fund” on the face value of Rs 10 per unit.
The record date for the dividend is December 26. The latest NAV of the scheme is Rs 15.45.
The investment objective of the equity - diversified scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks.
The performance of the scheme is benchmarked against CNX 200 Index. Shreyash Devalkar is the fund manager of the scheme.

Deutsche MF announces 2% div under DWS FMP - Series 72 24/12/2014

Deutsche MF announces 2% div under DWS FMP - Series 72
24/12/2014 10:54
Deutsche Mutual Fund has announced 2 per cent dividend under dividend payout option of scheme named as “DWS Fixed Maturity Plan - Series 72” on the face value of Rs 10 per unit.
The record date for the dividend is December 26. The latest NAV of the scheme is Rs 10.51.
The investment objective of the Debt - FMP scheme is to generate objective income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme.
The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Rakesh Suri is the fund manager of the scheme.

Div declared for DWS Fixed Maturity Plan - Series 37 24/12/2014

Div declared for DWS Fixed Maturity Plan - Series 37
24/12/2014 10:50
Deutsche Mutual Fund has announced 1.5 per cent dividend under dividend payout option of scheme named as “DWS Fixed Maturity Plan - Series 37” on the face value of Rs 10 per unit.
The record date for the dividend is December 26. The latest NAV of the scheme is Rs 10.37.
The investment objective of the Debt - FMP scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme.
The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Rakesh Suri is the fund manager of the scheme.

MF equity folio count rises by 8.4 lakh in first 8 months of FY15 23/12/2014

MF equity folio count rises by 8.4 lakh in first 8 months of FY15
23/12/2014 14:48
Equity mutual funds saw an addition of over 8.4 lakh investor accounts or folios in the first eight months of the current fiscal (2014-15) amid sharp rally in the stock market, said the media report.
Folios are numbers designated to individual investor accounts, though one investor can have multiple folios.
According to Securities and Exchange Board of India data on investor accounts with 45 fund houses, number of equity folios rose to 3,0,024,747 at last month-end from 2,91,80,922 for the whole of last fiscal ending (March 31, 2014), registering a gain of 8,43,825 folios till November period of this fiscal.
The additions came at a time when the market was scaling new highs. The addition in equity folios is in line with BSE's benchmark Sensex surging by 28 per cent in the first eight months of the current financial year, added the media report.
Moreover, mutual funds industry reported net inflows of nearly Rs 44,000 crore in equity funds in the April-November period of the current fiscal (2014-15), which helped the industry grow its folio count.
Overall, the industry retail folios surged to 3.99 crore at November-end from 3.95 crore at the end of March, added the media report.

DSP BlackRock MF launches “DSP BlackRock FMP - Series 186 - 36M”; NFO to close on Dec 29...23/12/2014

DSP BlackRock MF launches “DSP BlackRock FMP - Series 186 - 36M”; NFO to close on Dec 29...  23/12/2014 11:08
DSP BlackRock Mutual Fund has launched a new close ended income scheme named “DSP BlackRock FMP - Series 186 - 36M” with maturity period of 36 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 December 29. 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. Dhawal Dalal 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 seek capital appreciation will be met by investing in a portfolio of debt securities and money market securities. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities and 0 to 20 per cent of asset in money market securities.

Dec 26 set as record date for div under “BNP Paribas Dividend Yield Fund - DP” 23/12/2014

Dec 26 set as record date for div under “BNP Paribas Dividend Yield Fund - DP”
23/12/2014 10:58
BNP Paribas Mutual Fund has announced 1 per cent dividend under dividend payout option of scheme named as “BNP Paribas Dividend Yield Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 26. The latest NAV of the scheme is Rs 15.84. The investment objective of the equity - diversified scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. The performance of the scheme is benchmarked against CNX 200 Index. Shreyash Devalkar is the fund manager of the scheme.

Franklin Templeton MF announces 17.5% div under Build India Fund - DP 23/12/2014

Franklin Templeton MF announces 17.5% div under Build India Fund - DP
23/12/2014 10:54
Franklin Templeton Mutual Fund has announced 17.5 per cent dividend under dividend payout option of scheme named as “Franklin Build India Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 26. The latest NAV of the scheme is Rs 22.62. The investment objective of the equity - diversified scheme is to achieve capital appreciation through investments in companies engaged either directly or indirectly in infrastructure-related activities. Anand Radhakrishnan is the fund manager of the scheme.

25% div announced under Reliance Close Ended Equity Fund - Series A 23/12/2014

25% div announced under Reliance Close Ended Equity Fund - Series A
23/12/2014 10:50
Reliance Mutual Fund has announced 25 per cent dividend under dividend payout option of scheme named as “Reliance Close Ended Equity Fund - Series A” on the face value of Rs 10 per unit. The record date for the dividend is December 26. The latest NAV of the scheme is Rs 16.85. The investment objective of the equity - diversified scheme is to provide capital appreciation to the investors, which will be in line with their long term savings goal, by investing in a diversified portfolio of equity & equity related instruments with small exposure to fixed income securities. The performance of the scheme is benchmarked against S&P BSE 200. Shailesh Raj Bhan is the fund manager of the scheme.

Div declared for JM Arbitrage Advantage Fund - DP 23/12/2014

Div declared for JM Arbitrage Advantage Fund - DP
23/12/2014 10:46
JM Financial Mutual Fund has announced 0.40 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 December 24. The latest NAV of the scheme is Rs 10.54. 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. Chaitanya Choksi is the fund manager of the scheme.

NFO for ‘ICICI Prudential Growth Fund - Series 6’ to close on Jan 2 22/12/2014

NFO for ‘ICICI Prudential Growth Fund - Series 6’ to close on Jan 2
22/12/2014 11:03
ICICI Prudential Mutual Fund has launched a new close ended equity scheme named “ICICI Prudential Growth Fund - Series 6” with maturity period of 1279 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 December 19 and will close on January 02, 2015. 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 option available under the plan of the scheme is Dividend Payout option. The performance of the scheme will be benchmarked against CNX Nifty Index. Vinay Sharma, Yogesh Bhatt and Shalya Shah 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 & equity related instruments and debt, money market instruments & cash. Hence, the scheme will allocate 80 to 100 per cent of asset in equity & equity related instruments and 0 to 20 per cent of asset in debt, money market instruments & cash.

Plan E of ICICI Prudential MF launched under FMP - Series 76 22/12/2014

Plan E of ICICI Prudential MF launched under FMP - Series 76
22/12/2014 10:56
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 76 - 1100 Days Plan E” 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 December 29. 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 Goswami and Rohan Maru 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 government securities and money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments including government securities and 0 to 30 per cent of asset in money market instruments.

3.5% div announced under Principal Debt Savings Fund - MIP (Quarterly Div) 22/12/2014

3.5% div announced under Principal Debt Savings Fund - MIP (Quarterly Div)
22/12/2014 10:50
Principal Mutual Fund has announced 3.504 per cent dividend under dividend payout option of scheme named as “Principal Debt Savings Fund - MIP (Quarterly Dividend)” on the face value of Rs 10 per unit. The record date for the dividend is December 24. The latest NAV of the scheme is Rs 12.58. The investment objective of the Debt - MIP fund scheme is to generate regular income through investments in fixed income securities so as to make periodical income distribution to the Unitholders and also to generate long-term capital appreciation by investing a portion of the schemes assets in equity and equity related instruments. The performance of the scheme is benchmarked against Crisil MIP Blended Index. Pankaj Jain is the fund manager of the scheme.

Dec 24 set as record date for div under “Reliance Tax Saver Fund” 22/12/2014

Dec 24 set as record date for div under “Reliance Tax Saver Fund”
22/12/2014 10:44
Reliance Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “Reliance Tax Saver Fund” on the face value of Rs 10 per unit. The record date for the dividend is December 24. The latest NAV of the scheme is Rs 22.88. The investment objective of the Equity - ELSS scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related instruments. The performance of the scheme is benchmarked against BSE 100 Index. Ashwani Kumar is the fund manager of the scheme.

Reliance MF announces 10% div under Tax Saver Fund - DP 22/12/2014

Reliance MF announces 10% div under Tax Saver Fund - DP
22/12/2014 10:42
Reliance Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “Reliance Tax Saver Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 24. The latest NAV of the scheme is Rs 25.71. The investment objective of the Equity - ELSS scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related instruments. The performance of the scheme is benchmarked against BSE 100 Index. Ashwani Kumar is the fund manager of the scheme.

Mutual Fund exposure to bank stocks swells in November 22/12/2014

Mutual Fund exposure to bank stocks swells in November
22/12/2014 07:22
The mutual fund industry is betting big on banking stocks as its equity exposure to the sector climbed to an all-time high of over Rs 70,000 crore in November amid the market rally, said the media report. This also marks the second consecutive rise in MF industry's exposure to banking stocks. MFs collect funds from various investors for investing in securities such as stocks, bonds, money market instruments and similar assets, added the media report. Their investments in banking stocks stood at Rs 70,575 crore as on November 30, 2014, accounting for 21.23 per cent of their total equity assets under management (AUM) of Rs 3.32 lakh crore, according to data available with the Securities and Exchange Board of India (Sebi). The previous high was October this year when investment in the sector surged to Rs 62,718 crore, added the media report. MFs had been raising their exposure to banking shares since January but their investment level in the sector dropped in September. The industry again increased the exposure in October and the momentum continued in November. The fund infusion has grown from Rs 30,339 crore in January to Rs 70,575 crore in November.

Div declared for L&T Tax Advantage Fund 19/12/2014

Div declared for L&T Tax Advantage Fund
19/12/2014 13:12
L&T Mutual Fund has announced 20 per cent dividend under dividend payout option of scheme named as “L&T Tax Advantage Fund” on the face value of Rs 10 per unit. The record date for the dividend was December 12. The latest NAV of the scheme is Rs 24.74. The investment objective of the Equity-ELSS scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Soumendra Nath Lahiri is the fund manager of the scheme.

ICICI Prudential MF’s NFO opens today 19/12/2014

ICICI Prudential MF’s NFO opens today
19/12/2014 11:02
ICICI Prudential Mutual Fund has launched a new close ended capital protection oriented fund scheme named “ICICI Prudential Capital Protection Oriented Fund-Series VII-1822 Days-Plan D” with maturity period of 1822 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 January 02, 2015.
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 Shalya Shah 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 65 to 100 per cent of asset in debt securities & money market instruments and 0 to 35 per cent of asset in equity & equity related securities.

Div declared for SBI Arbitrage Opportunities Fund 19/12/2014

Div declared for SBI Arbitrage Opportunities Fund
19/12/2014 10:51
SBI Mutual Fund has announced 0.7 per cent dividend under dividend payout option of scheme named as “SBI Arbitrage Opportunities Fund” on the face value of Rs 10 per unit.
The record date for the dividend is December 23. The latest NAV of the scheme is Rs 13.02.
The investment objective of the equity - diversified scheme is to provide capital appreciation and regular income for unitholders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Suchita Shah is the fund manager of the scheme.

6.5% div announced under UTI CRTS 81 (Charitable & Relig) - Direct Plan 19/12/2014

6.5% div announced under UTI CRTS 81 (Charitable & Relig) - Direct Plan
19/12/2014 10:45
UTI Mutual Fund has announced 6.5 per cent dividend under dividend payout option of scheme named as “UTI CRTS 81 (Charitable & Relig) - Direct Plan” on the face value of Rs 100 per unit.
The record date for the dividend is December 22. The latest NAV of the scheme is Rs 154.31.
The investment objective of the open-ended debt oriented income scheme is to invest not more than 30 per cent of the funds in equity and equity related instruments and the balance in debt and money market instruments with low to medium risk profile.
The performance of the scheme is benchmarked against Crisil MIP Blended Index. Amandeep Chopra is the fund manager of the scheme.

Dec 22 set as record date for div under “Reliance Monthly Income Plan - Qtly Div” 19/12/2014

Dec 22 set as record date for div under “Reliance Monthly Income Plan - Qtly Div”
19/12/2014 10:41
Reliance Mutual Fund has announced 2.6 per cent dividend under dividend payout option of scheme named as “Reliance Monthly Income Plan - Qtly Div” on the face value of Rs 10 per unit.
The record date for the dividend is December 22. The latest NAV of the scheme is Rs 12.98.
The investment objective of the debt-MIP fund scheme is to generate regular income in order to make regular dividend payments to unitholders and the secondary objective is growth of capital.
The performance of the scheme is benchmarked against Crisil MIP Blended Index. Sanjay Parekh is the fund manager of the scheme.

UTI MF announces 6.5% div under CRTS 81 (Charitable & Relig) 19/12/2014

UTI MF announces 6.5% div under CRTS 81 (Charitable & Relig)
19/12/2014 10:36
UTI Mutual Fund has announced 6.5 per cent dividend under dividend payout option of scheme named as “UTI CRTS 81 (Charitable & Relig)” on the face value of Rs 100 per unit.
The record date for the dividend is December 22. The latest NAV of the scheme is Rs 153.33.
The investment objective of the open-ended debt oriented income scheme is to invest not more than 30 per cent of the funds in equity and equity related instruments and the balance in debt and money market instruments with low to medium risk profile.
The performance of the scheme is benchmarked against Crisil MIP Blended Index. Amandeep Chopra is the fund manager of the scheme.

1.66% div announced under Franklin India Government Securities Fund - Long Term Plan 18/12/2014

1.66% div announced under Franklin India Government Securities Fund - Long Term Plan
18/12/2014 12:11
Franklin Templeton Mutual Fund has announced 1.66 per cent dividend under dividend payout option of scheme named as “Franklin India Government Securities Fund - Long Term Plan” on the face value of Rs 10 per unit.
The record date for the dividend is December 19. The latest NAV of the scheme is Rs 11.63.
The investment objective of the open end gilt fund scheme is to generate credit risk-free return through investments in sovereign securities.
The performance of the scheme is benchmarked against I-Sec Li-BEX. Sachin Desai is the fund manager of the scheme.

Sundaram MF launches “Sundaram Top 100 Series IV (3 years)”; NFO to close on Jan 16 18/12/2014

Sundaram MF launches “Sundaram Top 100 Series IV (3 years)”; NFO to close on Jan 16
18/12/2014 12:04
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram Top 100 Series IV (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 today and will close on January 16, 2015.
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 options.
The performance of the scheme will be benchmarked against CNX 100. Venkatesan J 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 securities specified as eligible securities for RGESS and cash & cash equivalents and money market instruments. Hence, the scheme will allocate 95 to 100 per cent of asset in equity securities specified as eligible securities for RGESS and 0 to 5 per cent of asset in cash & cash equivalents and money market instruments.

10-year maturity period scheme launched by Sundaram MF 18/12/2014

10-year maturity period scheme launched by Sundaram MF
18/12/2014 11:05
Sundaram Mutual Fund has launched a new close ended equity linked savings scheme named “Sundaram Long Term Tax Advantage Fund Series I (10 years)” with maturity period of 10 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 today and will close on March 20, 2015. 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 500 and in multiples of Rs 500 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 500 Index. S Krishnakumar and Dwijendra Srivastava 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 capital appreciation over a period of 10 years will be met by investing in a portfolio of equity and equity related securities and fixed income & money market securities. Hence, the scheme will allocate 80 to 100 per cent of asset in equity and equity related securities and 0 to 20 per cent of asset in fixed income & money market securities.

1111-day maturity period scheme launched by SBI MF 18/12/2014

1111-day maturity period scheme launched by SBI MF
18/12/2014 10:54
SBI Mutual Fund has launched a new close ended debt scheme named “SBI Debt Fund Series B – 6 (1111 Days)” with maturity period of 1111 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 December 16 and will close on December 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 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 income and capital growth with limited interest rate risk to the investors 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.

Reliance MF launches 'Fixed Horizon Fund - XXVIII- Series 1' 18/12/2014

Reliance MF launches 'Fixed Horizon Fund - XXVIII- Series 1'
18/12/2014 10:47
Reliance Mutual Fund has launched a new close ended income scheme named “Reliance Fixed Horizon Fund - XXVIII- Series 1” with maturity period of 1206 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 December 16 and it will close today. 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. Amit Tripathi 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 growth of capital will be met by investing in a portfolio of money market instruments and government securities & debt instruments. Hence, the scheme will allocate 0 to 20 per cent of asset in money market instruments and 80 to 100 per cent of asset in government securities & debt instruments.

Div declared for Franklin India Income Opportunities Fund - DP 17/12/2014

Div declared for Franklin India Income Opportunities Fund - DP
17/12/2014 11:05
Franklin Templeton Mutual Fund has announced 1.63 per cent dividend under dividend payout option of scheme named as “Franklin India Income Opportunities Fund - DP” on the face value of Rs 10 per unit.
The record date for the dividend is December 19. The latest NAV of the scheme is Rs 11.22.
The investment objective of the debt-income scheme is to provide regular income and capital appreciation by investing in fixed income securities across the yield curve.
The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Sachin Desai is the fund manager of the scheme.

Franklin Templeton MF announces 1.63% div under India Income Opportunities Fund 17/12/2014

Franklin Templeton MF announces 1.63% div under India Income Opportunities Fund
17/12/2014 10:57
Franklin Templeton Mutual Fund has announced 1.63 per cent dividend under dividend payout option of scheme named as “Franklin India Income Opportunities Fund” on the face value of Rs 10 per unit.
The record date for the dividend is December 19. The latest NAV of the scheme is Rs 11.07.
The investment objective of the debt-income scheme is to provide regular income and capital appreciation by investing in fixed income securities across the yield curve.
The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Sachin Desai is the fund manager of the scheme.

1.8% div announced under Franklin India Low Duration Fund - Quarterly Dividend 17/12/2014

1.8% div announced under Franklin India Low Duration Fund - Quarterly Dividend
17/12/2014 10:54
Franklin Templeton Mutual Fund has announced 1.8 per cent dividend under dividend payout option of scheme named as “Franklin India Low Duration Fund - Quarterly Dividend” on the face value of Rs 10 per unit.
The record date for the dividend is December 19. The latest NAV of the scheme is Rs 10.53.
The investment objective of the debt-short term scheme is to earn regular income through investment in fixed income securities.
The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Pallab Roy is the fund manager of the scheme.

Div declared for Franklin India Banking & PSU Debt Fund 17/12/2014

Div declared for Franklin India Banking & PSU Debt Fund
17/12/2014 10:50
Franklin Templeton Mutual Fund has announced 1.27 per cent dividend under dividend payout option of scheme named as “Franklin India Banking & PSU Debt Fund” on the face value of Rs 10 per unit.
The record date for the dividend is December 19. The latest NAV of the scheme is Rs 10.57.
The investment objective of the debt-income scheme is to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSUs).
The performance of the scheme is benchmarked against Crisil Composite Bond Fund Index. Umesh Sharma is the fund manager of the scheme.

Dec 19 set as record date for div under “Franklin India Savings Plus Fund - Dividend” 17/12/2014

Dec 19 set as record date for div under “Franklin India Savings Plus Fund - Dividend”
17/12/2014 10:46
Franklin Templeton Mutual Fund has announced 1.59 per cent dividend under dividend payout option of scheme named as “Franklin India Savings Plus Fund - Dividend” on the face value of Rs 10 per unit.
The record date for the dividend is December 19. The latest NAV of the scheme is Rs 11.23.
The investment objective of the debt-floaters scheme is to provide income consistent with the prudent risk from a portfolio comprising primarily of floating rate debt instruments.
The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Sachin Desai is the fund manager of the scheme.

Tata MF announces 27.5% div under Tax Saving Fund 16/12/2014

Tata MF announces 27.5% div under Tax Saving Fund
16/12/2014 10:59
Tata Mutual Fund has announced 27.5 per cent dividend under dividend payout option of scheme named as “Tata Tax Saving Fund” on the face value of Rs 10 per unit. The record date for the dividend is December 19. The latest NAV of the scheme is Rs 68.35. The investment objective of the Equity-ELSS scheme is to provide medium to long term capital gains along with income tax relief to its unitholders while emphasizing the importance of capital appreciation. The performance of the scheme is benchmarked against S&P BSE Sensex. Pradeep Gokhale is the fund manager of the scheme.

Div declared for L&T India Large Cap - Direct Plan 16/12/2014

Div declared for L&T India Large Cap - Direct Plan
16/12/2014 10:53
L&T Mutual Fund has announced 13 per cent dividend under dividend payout option of scheme named as “L&T India Large Cap - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 19. The latest NAV of the scheme is Rs 18.68. 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 markets. The fund can also additionally invest in foreign securities in international markets. The performance of the scheme is benchmarked against BSE 100 Index. Venugopal Manghat is the fund manager of the scheme.

L&T MF announces 13% div for L&T India Large Cap 16/12/2014

L&T MF announces 13% div for L&T India Large Cap
16/12/2014 10:50
L&T Mutual Fund has announced 13 per cent dividend under dividend payout option of scheme named as “L&T India Large Cap” on the face value of Rs 10 per unit. The record date for the dividend is December 19. The latest NAV of the scheme is Rs 18.09. 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 markets. The fund can also additionally invest in foreign securities in international markets. The performance of the scheme is benchmarked against BSE 100 Index. Venugopal Manghat is the fund manager of the scheme.

Dec 18 set as record date for div under “JM Arbitrage Advantage Fund” 16/12/2014

Dec 18 set as record date for div under “JM Arbitrage Advantage Fund”
16/12/2014 10:45
JM Financial Mutual Fund has announced 0.33 per cent dividend under dividend payout option of scheme named as “JM Arbitrage Advantage Fund” on the face value of Rs 10 per unit. The record date for the dividend is December 18. The latest NAV of the scheme is Rs 10.31. 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. Chaitanya Choksi is the fund manager of the scheme.

7% div announced under BOI AXA Equity Fund 16/12/2014

7% div announced under BOI AXA Equity Fund
16/12/2014 10:41
BOI AXA Mutual Fund has announced 7 per cent dividend under dividend payout option of scheme named as “BOI AXA Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is December 18. The latest NAV of the scheme is Rs 19.21. The investment objective of the equity-diversified scheme is to generate income and long-term capital appreciation through a diversified portfolio of predominantly equity and equity-related securities including equity derivatives, across all market capitalizations. The performance of the scheme is benchmarked against NSE Index. David Pezarkar is the fund manager of the scheme.

UTI MF launches new plan under Focussed Equity Fund - Series II 15/12/2014

UTI MF launches new plan under Focussed Equity Fund - Series II
15/12/2014 12:21
UTI Mutual Fund has launched a new close ended equity scheme named “UTI Focussed Equity Fund - Series II (1102 Days)” with maturity period of 1102 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 December 04 and will close on December 18. 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 S&P BSE 200 Index. Anoop Bhaskar, Lalit Nambiar and Arpit Kapoor 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 long term capital appreciation will be met by investing in a portfolio of equity & equity related instruments and debt & money market instruments. Hence, the scheme will allocate 65 to 100 per cent of asset in equity & equity related instruments and 0 to 35 per cent of asset in debt & money market instruments.

3 years maturity period scheme launched by Sundaram MF 15/12/2014

3 years maturity period scheme launched by Sundaram MF
15/12/2014 12:07
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram Value Fund Series I” 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 December 12 and will close on December 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 Payout option. The performance of the scheme will be benchmarked against S&P BSE 500 Index. J Venkatesan, Dwijendra Srivastava and S. Bharath 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 & equity related securities and fixed income & money market securities. Hence, the scheme will allocate 80 to 100 per cent of asset in equity & equity related securities and 0 to 20 per cent of asset in fixed income & money market securities.

Plan D of ICICI Prudential MF launched under Series 76 15/12/2014

Plan D of ICICI Prudential MF launched under Series 76
15/12/2014 11:10
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 76 - 1100 Days Plan D” 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 December 19. 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 Goswami and Rohan Maru 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 government securities and money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments including government securities and 0 to 30 per cent of asset in money market instruments.

HDFC MF launches “HDFC FMP 1101D December 2014 (1)”; NFO to close on Dec 16 15/12/2014

HDFC MF launches “HDFC FMP 1101D December 2014 (1)”; NFO to close on Dec 16
15/12/2014 11:05
HDFC Mutual Fund has launched a new close ended income scheme named “HDFC FMP 1101D December 2014 (1)” with maturity period of 1101 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 December 10 and will close on December 16. 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, Dividend and Flexi option. The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index. Anil Bamboli 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 a portfolio of debt instruments & government securities and money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in debt instruments & government securities and 0 to 20 per cent of asset in money market instruments.

Birla Sun Life MF’s NFO opens today 15/12/2014

Birla Sun Life MF’s NFO opens today
15/12/2014 10:53
Birla Sun Life Mutual Fund has launched a new close ended equity scheme named “Birla Sun Life Emerging Leaders Fund - Series 5” 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 today and will close on December 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 S&P BSE Midcap Index. Mahesh Patil and Milind Bafna 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 long-term capital appreciation will be met by investing in a portfolio of equity and equity related securities and cash, money market & debt instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in equity and equity related securities and 0 to 20 per cent of asset in cash, money market & debt instruments.

HDFC MF launches “HDFC CPO - III - 1207D Dec 2014”; NFO to close on Dec 17 12/12/2014

HDFC MF launches “HDFC CPO - III - 1207D Dec 2014”; NFO to close on Dec 17
12/12/2014 10:57
HDFC Mutual Fund has launched a new close ended capital protection oriented income scheme named “HDFC CPO - III - 1207D December 2014” with maturity period of 1207 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 December 5 and will close on December 17. 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 Index. Anil Bamboli, Rakesh Vyas and Vinay R. Kulkarni 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 & money market instruments and equity & equity related instruments (including equity derivatives). Hence, the scheme will allocate 80 to 100 per cent of asset in debt & money market instruments and 0 to 20 per cent of asset in equity & equity related instruments (including equity derivatives).

Div declared for LIC Nomura MF Equity Fund 12/12/2014

Div declared for LIC Nomura MF Equity Fund
12/12/2014 10:39
LIC Nomura Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “LIC Nomura MF Equity Fund” on the face value of Rs 10 per unit. The record date for the dividend is December 16. The latest NAV of the scheme is Rs 15.95. The investment objective of the equity-diversified scheme is to obtain maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities. The performance of the scheme is benchmarked against BSE Sensitive Index. Nobutaka Kitajima is the fund manager of the scheme.

Dec 16 set as record date for div under “LIC Nomura MF Tax Plan” 12/12/2014

Dec 16 set as record date for div under “LIC Nomura MF Tax Plan”
12/12/2014 10:35
LIC Nomura Mutual Fund has announced 11.5 per cent dividend under dividend payout option of scheme named as “LIC Nomura MF Tax Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 16. The latest NAV of the scheme is Rs 16.81. The investment objective of the Equity-ELSS scheme is to provide capital growth along with tax rebate and tax relief u/s 80 C to our investors through Prudent Investments in the stock market. The performance of the scheme is benchmarked against BSE Sensitive Index. Nobutaka Kitajima is the fund manager of the scheme.

LIC Nomura MF announces 11.5% div for its Tax Plan - DP 12/12/2014

LIC Nomura MF announces 11.5% div for its Tax Plan - DP
12/12/2014 10:32
LIC Nomura Mutual Fund has announced 11.5 per cent dividend under dividend payout option of scheme named as “LIC Nomura MF Tax Plan - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 16. The latest NAV of the scheme is Rs 17.15. The investment objective of the Equity-ELSS scheme is to provide capital growth alongwith tax rebate and tax relief u/s 80 C to our investors through Prudent Investments in the stock market. The performance of the scheme is benchmarked against BSE Sensitive Index (30Cos). Nobutaka Kitajima is the fund manager of the scheme.

10% div announced under LIC Nomura MF Equity Fund - DP 12/12/2014

10% div announced under LIC Nomura MF Equity Fund - DP
12/12/2014 10:28
LIC Nomura Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “LIC Nomura MF Equity Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 16. The latest NAV of the scheme is Rs 16.82. The investment objective of the equity-diversified scheme is to obtain maximum possible growth consistent with reasonable levels of safety and security by investing mainly in equities. The performance of the scheme is benchmarked against BSE Sensitive Index (30Cos). Nobutaka Kitajima is the fund manager of the scheme.

Indiabulls MF launches new plan under Arbitrage Fund 11/12/2014

Indiabulls MF launches new plan under Arbitrage Fund
11/12/2014 11:22
Indiabulls Mutual Fund has launched a new open ended equity scheme named “Indiabulls Arbitrage Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on December 1 and will close on December 15. According to the offer document filed with SEBI, the entry load is nil and 0.5 per cent exit load charge will be applicable if redeemed/switched out within three months from the date of allotment otherwise exit load charge will be nil. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter and for Systematic Investment Plan (SIP) 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 option. The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index. Sumit Bhatnagar and Malay Shah 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 equity and equity related securities, equity derivatives and debt & money market instruments. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related securities, 65 to 100 per cent of asset in equity derivatives and 0 to 35 per cent of asset in debt & money market instruments.

5 years maturity period scheme launched by Sundaram MF 11/12/2014

5 years maturity period scheme launched by Sundaram MF
11/12/2014 11:01
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram World Brand Fund Series III (5 years)” with maturity period of 5 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 December 2 and will close on December 16.
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 MSCI ACWI. S Bharath and Dwijendra Srivastava 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 and domestic fixed income & money market instruments. Hence, the scheme will allocate 65 to 100 per cent of asset in equity and equity related instruments and 0 to 35 per cent of asset in domestic fixed income & money market instruments.

SBI MF launches “SBI Dual Advantage Fund - Series VI”; NFO to close on Dec 24 11/12/2014

SBI MF launches “SBI Dual Advantage Fund - Series VI”; NFO to close on Dec 24
11/12/2014 10:51
SBI Mutual Fund has launched a new close ended hybrid scheme named “SBI Dual Advantage Fund - Series VI” 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 December 10 and will close on December 24.
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 Dharmendra Grover 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.

Plan C of ICICI Prudential MF launched under Series 76 11/12/2014

Plan C of ICICI Prudential MF launched under Series 76
11/12/2014 10:43
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 76 - 1100 Days Plan C” 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 December 16.
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 Goswami and Rohan Maru 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 government securities and money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments including government securities and 0 to 30 per cent of asset in money market instruments.

DSP BlackRock MF’s NFO opens today 11/12/2014

DSP BlackRock MF’s NFO opens today
11/12/2014 10:38
DSP BlackRock Mutual Fund has launched a new close ended income scheme named “DSP BlackRock FTP - Series 45 - 36M” with maturity period of 36 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 December 16.
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. Dhawal Dalal 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 seek capital appreciation will be met by investing in a portfolio of debt securities and money market securities. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities and 0 to 20 per cent of asset in money market securities.

Sebi allows non-demat MF transactions through stock exchanges 11/12/2014

Sebi allows non-demat MF transactions through stock exchanges
11/12/2014 00:41
To help expand reach of mutual funds, regulator Sebi has allowed their distributors to use the stock exchange platform for non-demat transactions as well for sale or redemption of these financial products, reported PTI.
The move comes over one year after Sebi allowed MF distributors to use stock exchange infrastructure for mutual fund transactions through demat accounts in October 2013.
"... In order to broad base the reach of this platform, it is decided to permit non demat transactions also in the Mutual fund through stock exchange platform," Sebi said in a circular.
MF distributors can use recognised stock exchanges' infrastructure to purchase and redeem mutual fund units directly from Mutual Funds or Asset Management Companies on behalf of their clients.
As per the earlier Sebi guidelines, the MF distributors can not handle payout and pay in of funds as well as units on behalf of investor.
Sebi had also asked the stock exchanges to put necessary system in place to ensure that pay-in is directly received by recognised clearing corporation and payout is directly made to investor account.
Accordingly, the mutual fund units were supposed to be credited and debited directly from the demat account of investors.
Easing the norms, Sebi has now permitted even non-demat transactions in mutual funds through the stock exchange route.
The move is aimed at allowing the mutual fund distributors to leverage the stock exchange platforms to expand their reach.

MFIs gross loan portfolio surges 47% in Q2 10/12/2014

MFIs gross loan portfolio surges 47% in Q2
10/12/2014 17:39
The aggregate gross loan portfolio (GLP) of MFIs in the country stood at Rs 28,800 crore, excluding non-performing portfolio in Andhra Pradesh (close to Rs 2,900 crore) as on September 30, representing a year-on-year growth of over 47 per cent, said the media report. The GLP of the all MFIs (Microfinance Institutions) stood at Rs 19,560 crore during the same quarter last year. According to the latest MFIN MicroMeter, 10 largest MFIs in terms of GLP account for 75 per cent of the total industry loan portfolio. "As of September 30, 2014, MFIs reached over 27.9 million clients. Compared to Q2 FY13-14, clients grew by 23 per cent. State level distribution of clients mirrors the distribution in terms of GLP. Tamil Nadu and West Bengal are top states in terms of number of clients. Average loan outstanding per client, on a Pan India basis is Rs 10,339," the report said. MFIs have a network of 10,214 branches with over 48,000 loan officers across 32 states and Union Territories. During Q2 of FY15, MFIs disbursed over 7.9 million loans worth Rs 12,530 crore. The number of loans disbursed grew by 35 per cent when compared to Q2 of FY14, while loan amount disbursed grew by 61 per cent. The average loan amount disbursed per account stood at Rs 15,858. Top ten MFIs in terms of disbursements account for 77 per cent of total disbursements, it further said. During Q2 of FY15, MFIs received Rs 10,584 crore in debt funding from banks and other financial institutions representing 172 per cent growth against Q2 of FY14.

New Fund Offer for ‘SBI Debt Fund Series B – 5 (1111 Days)’ to close today 10/12/2014

New Fund Offer for ‘SBI Debt Fund Series B – 5 (1111 Days)’ to close today
10/12/2014 10:54
SBI Mutual Fund has launched a new close ended debt scheme named “SBI Debt Fund Series B – 5 (1111 Days)” with maturity period of 1111 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 December 08 and it will close today. 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 income 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.

Reliance MF launches new plan under Fixed Horizon Fund- XXVII- Series 15 10/12/2014

Reliance MF launches new plan under Fixed Horizon Fund- XXVII- Series 15
10/12/2014 10:46
Reliance Mutual Fund has launched a new close ended income scheme named “Reliance Fixed Horizon Fund- XXVII- Series 15” with maturity period of 1198 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 December 05 and will close on December 19.
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. Amit Tripathi 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 growth of capital will be met by investing in a portfolio of money market instruments and government securities & debt instruments. Hence, the scheme will allocate 0 to 20 per cent of asset in money market instruments and 80 to 100 per cent of asset in government securities & debt instruments.

ICICI Prudential MF launches new close ended scheme 10/12/2014

ICICI Prudential MF launches new close ended scheme
10/12/2014 10:38
ICICI Prudential Mutual Fund has launched a new close ended capital protection oriented fund scheme named “ICICI Prudential Capital Protection Oriented Fund-Series VII-1284 Days-Plan C” with maturity period of 1284 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 December 24.
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 Shalya Shah 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 70 to 100 per cent of asset in debt securities & money market instruments and 0 to 30 per cent of asset in equity & equity related securities.

Div declared for L&T Tax Advantage Fund 10/12/2014

Div declared for L&T Tax Advantage Fund
10/12/2014 10:29
L&T Mutual Fund has announced 50 per cent dividend under dividend payout option of scheme named as “L&T Tax Advantage Fund” on the face value of Rs 10 per unit.
The record date for the dividend is December 12. The latest NAV of the scheme is Rs 24.74.
The investment objective of the Equity-ELSS scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Soumendra Nath Lahiri is the fund manager of the scheme.

50% div announced under L&T Tax Advantage Fund - DP 10/12/2014

50% div announced under L&T Tax Advantage Fund - DP
10/12/2014 10:26
L&T Mutual Fund has announced 50 per cent dividend under dividend payout option of scheme named as “L&T Tax Advantage Fund - Direct Plan” on the face value of Rs 10 per unit.
The record date for the dividend is December 12. The latest NAV of the scheme is Rs 26.66.
The investment objective of the Equity-ELSS scheme is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
The performance of the scheme is benchmarked against BSE 200 Index (200 Cos). Soumendra Nath Lahiri is the fund manager of the scheme.

Reliance MF launches new plan under Capital Builder Fund II - Series A 09/12/2014

Reliance MF launches new plan under Capital Builder Fund II - Series A
09/12/2014 10:55
Reliance Mutual Fund has launched a new close ended equity oriented scheme named “Reliance Capital Builder Fund II - Series A” with maturity period of 1102 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 December 08 and will close on December 17. 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. Samir Rachh and Jahnvee Shah 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 to the investors, which will be in line with their long term savings goal, will be met by investing in a portfolio of diversified equity and equity related instruments and debt & money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in diversified equity and equity related instruments and 0 to 20 per cent of asset in debt & money market instruments.

Kotak Mahindra MF launches “Kotak FMP Series 170 (1099 Days)”; NFO to close today 09/12/2014

Kotak Mahindra MF launches “Kotak FMP Series 170 (1099 Days)”; NFO to close today
09/12/2014 10:45
Kotak Mahindra Mutual Fund has launched a new close ended debt scheme named “Kotak FMP Series 170 (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 December 08 and it will close today. 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.

Dec 12 set as record date for div under “Sundaram TOP 100 Series I - DP” 09/12/2014

Dec 12 set as record date for div under “Sundaram TOP 100 Series I - DP”
09/12/2014 10:34
Sundaram Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Sundaram TOP 100 Series I - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 12. The latest NAV of the scheme is Rs 12.01. The investment objective of the equity-diversified scheme is to generate capital appreciation from a portfolio that is substantially constituted of equity securities specified as eligible securities for Rajiv Gandhi Equity Savings Scheme, 2012. The Scheme may also invest a certain portion of its corpus in cash & cash equivalent and money market instruments from time to time. The performance of the scheme is benchmarked against CNX 100 Index. J Venkatesan is the fund manager of the scheme.

10% div announced under Kotak Mahindra 50 Unit Scheme 09/12/2014

10% div announced under Kotak Mahindra 50 Unit Scheme
09/12/2014 10:30
Kotak Mahindra Mutual Fund has announced 10 per cent dividend under dividend payout option of scheme named as “Kotak Mahindra 50 Unit Scheme” on the face value of Rs 10 per unit. The record date for the dividend is December 12. The latest NAV of the scheme is Rs 44.03. The investment objective of the equity-diversified scheme is to generate capital appreciation from a portfolio of predominantly equity and equity related securities. The portfolio will generally comprise of equity and equity related instruments of around 50 companies which may go upto 59 companies at any point of time. The performance of the scheme is benchmarked against CNX Nifty Index. Harish Krishnan is the fund manager of the scheme.

Sundaram MF announces 5% div for its TOP 100 Series I 09/12/2014

Sundaram MF announces 5% div for its TOP 100 Series I
09/12/2014 10:26
Sundaram Mutual Fund has announced 5 per cent dividend under dividend payout option of scheme named as “Sundaram TOP 100 Series I” on the face value of Rs 10 per unit. The record date for the dividend is December 12. The latest NAV of the scheme is Rs 11.88. The investment objective of the equity-diversified scheme is to generate capital appreciation from a portfolio that is substantially constituted of equity securities specified as eligible securities for Rajiv Gandhi Equity Savings Scheme, 2012. The Scheme may also invest a certain portion of its corpus in cash & cash equivalent and money market instruments from time to time. The performance of the scheme is benchmarked against CNX 100 Index. J Venkatesan is the fund manager of the scheme.

Plan B of ICICI Prudential MF launched under Series 76 08/12/2014

Plan B of ICICI Prudential MF launched under Series 76
08/12/2014 11:18
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 76 - 1100 Days Plan B” 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 December 04 and will close on December 10. 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 Goswami and Rohan Maru 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 government securities and money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments including government securities and 0 to 30 per cent of asset in money market instruments.

NFO for ‘Baroda Pioneer Equity Trigger Fund-Series I’ to close on Dec 19 08/12/2014

NFO for ‘Baroda Pioneer Equity Trigger Fund-Series I’ to close on Dec 19
08/12/2014 11:10
Baroda Pioneer Mutual Fund has launched a new close ended equity scheme named “Baroda Pioneer Equity Trigger Fund-Series I”. The maturity period of scheme will be either 3 years from the date of allotment or the NAV of the Growth option in the Plan B (Direct) of the scheme crosses Rs 15 per unit (“Trigger”/ “Trigger level”) within the 3 year period, whichever occurs earlier. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on December 05 and will close on December 19. 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 Mid-cap index. Dipak Acharya 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 capital appreciation will be met by investing in a portfolio of equity & equity related instruments and debt, money market instruments & cash. Hence, the scheme will allocate 80 to 100 per cent of asset in equity & equity related instruments and 0 to 20 per cent of asset in debt, money market instruments & cash.

Dec 9 set as record date for div under “Reliance Interval Fund - QS3 - DP” 08/12/2014

Dec 9 set as record date for div under “Reliance Interval Fund - QS3 - DP”
08/12/2014 10:52
Reliance Mutual Fund has announced 0.0010 per cent dividend under dividend payout option of scheme named as “Reliance Interval Fund - Quarterly Series 3 - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 09. The latest NAV of the scheme is Rs 10.21. 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.

Div declared for Reliance Interval Fund - Quarterly Series 3 08/12/2014

Div declared for Reliance Interval Fund - Quarterly Series 3
08/12/2014 10:48
Reliance Mutual Fund has announced 0.0010 per cent dividend under dividend payout option of scheme named as “Reliance Interval Fund - Quarterly Series 3” on the face value of Rs 10 per unit. The record date for the dividend is December 09. The latest NAV of the scheme is Rs 10.21. 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.

Reliance MF announces div under Interval Fund - QS3 - IP 08/12/2014

Reliance MF announces div under Interval Fund - QS3 - IP
08/12/2014 10:45
Reliance Mutual Fund has announced 0.0010 per cent dividend under dividend payout option of scheme named as “Reliance Interval Fund - Quarterly Series 3 - Institutional Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 09. The latest NAV of the scheme is Rs 10.21. 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.

18% div declared under Mirae Asset Emerging Bluechip Fund 05/12/2014

18% div declared under Mirae Asset Emerging Bluechip Fund
05/12/2014 11:17
Mirae Asset Mutual Fund has announced 1.995 per cent dividend under dividend payout option of scheme named as “Mirae Asset Emerging Bluechip Fund” on the face value of Rs 10 per unit. The record date for the dividend is December 08. The latest NAV of the scheme is Rs 23.26. The investment objective of the open ended equity diversified scheme is to generate income & capital appreciation from a diversified portfolio predominantly investing in Indian equities & equity related securities. The performance of the scheme is benchmarked against CNX Midcap Index. Gopal Agrawal is the fund manager of the scheme.

Dec 8 set as record date for div under “Reliance Interval Fund - Quarterly Series 3 - Direct Plan” 05/12/2014

Dec 8 set as record date for div under “Reliance Interval Fund - Quarterly Series 3 - Direct Plan”
05/12/2014 11:14
Reliance Mutual Fund has announced 1.995 per cent dividend under dividend payout option of scheme named as “Reliance Interval Fund - Quarterly Series 3 - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 08. The latest NAV of the scheme is Rs 10.21. The investment objective of the interval 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.

Reliance MF declares div under Quarterly Series 3-IP 05/12/2014

Reliance MF declares div under Quarterly Series 3-IP
05/12/2014 11:08
Reliance Mutual Fund has announced 1.955 per cent dividend under dividend payout option of scheme named as “Reliance Interval Fund - Quarterly Series 3-Institutional Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 08. The latest NAV of the scheme is Rs 10.21. The investment objective of the interval 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.

Sundaram MF announces div under Select Micro Cap Series III- DP 05/12/2014

Sundaram MF announces div under Select Micro Cap Series III- DP
05/12/2014 11:07
Sundaram Mutual Fund has announced 15 per cent dividend under dividend payout option of scheme named as “Sundaram Select Micro Cap Series III-Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is December 05. The latest NAV of the scheme is Rs 17.15. The investment objective of the close ended 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.

SBI MF puts off Sharia-compliant fund launch 05/12/2014

SBI MF puts off Sharia-compliant fund launch
05/12/2014 00:57
SBI Mutual Fund has deferred its plan to launch a Shariah-compliant equity fund, which has run into a controversy amid opposition from religious bodies and targeted investors to the proposed structure of this scheme, reported PTI. SBI MF, which had earlier plans to launch this scheme on December 1, is now reviewing the structure of the product. Other MF houses which are already having Shariah- compliant MFs include Tata MF and Taurus MF. Such funds typically invest only in Shariah-complaint companies and businesses. They are generally prohibited from investing in companies engaged in businesses like alcohol, gambling and arms. Though SBI MF did not offer any reason for deferring the plan, industry sources said this could be due to issues raised by the All-India Muslim Personal Law Board (AIMPLB). No immediate comments could be obtained from AIMPLB. When contacted, SBI MF Managing Director and CEO Dinesh Khara said market regulator Sebi is the only competent authority and it has given all the necessary approvals for the fund. "When we went to investors to seek their view on the Shariah compliant equity fund, we got some inputs from them that was not encouraging as they had some issues with the current structure of the product. Therefore, we decided to review the final structure of the product," he told PTI. As to when the company is likely to launch the product, he said, "review of the structure of the product will take some time which will be followed by approval by the Sebi and hence at the moment I'm not in a position to tell you how much time will it take for us to launch the product." The investors have demanded tax incentive on investment in such funds on the lines of equity-linked savings scheme.