Mutual Fund News

Latest in Mutual Fund News
Mutual funds continue buying - 25/07/2014 17:18

Mutual funds bought shares worth a net Rs 254.50 crore on Thursday, 24 July 2014, higher than net inflow of Rs 100.80 crore on Wednesday, 23 July 2014.

The net inflow of Rs 254.50 crore on 24 July 2014 was a result of gross purchases of Rs 779 crore and gross sales of Rs 524.50 crore. The S&P BSE Sensex had garnered 124.52 points or 0.48% to settle at 26,271.85 on that day, a record closing high.

Mutual funds have bought shares worth a net Rs 2328.10 crore in this month so far (till 24 July 2014). Mutual funds bought shares worth a net Rs 3339.60 crore last month.

... (more)

Birla Sun Life Capital Protection Oriented Fund - Series 22 Floats On - 25/07/2014 11:35

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Capital Protection Oriented Fund - Series 22, a close ended capital protection oriented scheme. The tenure of the scheme is 1100 days from the date of allotment. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 25 July and close on 08 August 2014.

The investment objective of the scheme is to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the scheme and seeking capital appreciation by investing in equity and equity related instruments.

... (more)

Axis Enhanced Arbitrage Fund Floats On - 25/07/2014 11:27

Axis Mutual Fund has launched a new plan named as Axis Enhanced Arbitrage Fund, an open ended arbitrage Fund. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 25 July to 08 August 2014.

The investment objective of the scheme is to generate income through low volatility absolute return strategies that take 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.

... (more)

Mutual Fund News
HDFC FMP 1116D July 2014 (1) Floats On - 07/25/2014 11:00

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1116D July 2014 (1), a plan under HDFC Fixed Maturity... (more)

ICICI Prudential MF Announces Dividend Under Two Schemes - 07/25/2014 10:56

ICICI Prudential Mutual Fund has announced 30 July 2014 as the record date for declaration of dividend under the following schem... (more)

Reliance Mutual Fund Announces Change In Name Under Three Schemes - 07/25/2014 10:47

Reliance Mutual Fund has announced change in name of the following schemes, with effect from 30 July 2014.... (more)

IDFC MF Announces Rollover of IDFC Fixed Term Plan - Series 24 - 07/25/2014 10:35

IDFC Mutual Fund has announced rollover of IDFC Fixed Term Plan - Series 24, a close ended income scheme which is due for maturi... (more)

SBI Arbitrage Opportunities Fund Announces Dividend - 07/25/2014 10:23

SBI Mutual Fund has announced 30 July 2014 as the record date for declaration of dividend under the dividend option of regular p... (more)

IDFC MF Announces Dividend Under Three Schemes - 07/25/2014 10:15

IDFC Mutual Fund has announced 30 July 2014 as the record date for declaration of dividend under the dividend option of followin... (more)

UTI Mutual Fund Announces Change In Fund Manager - 07/25/2014 10:05

UTI Mutual Fund has announced change in the fund manager of UTI Energy Fund, with effect from 25 July 2014. Accordingly, Kaushik... (more)

UTI Fixed Term Income Fund - Series XV - IX (366 Days) Announces Dividend - 07/25/2014 09:58

UTI Mutual Fund has announced 30 July 2014 as the record date for declaration of dividend under dividend option of UTI Fixed Ter... (more)

CARE Assigns CARE BBB+ Rating To The Bank Facilities of Sabarmati Capital Two - 07/24/2014 16:08

CARE Rating Agency has assigned CARE BBB+ [Triple B Plus] rating to Long-term Bank Facilities for the amount of Rs 140 crore of ... (more)

SBI MF Announces Change In SBI Debt Fund Series - 366 Days - 35 - 07/24/2014 12:26

SBI Mutual Fund has announced change in the provisions of SBI Debt Fund Series - 366 Days - 35. The following changes are:... (more)