Birla Sun Life MF launches Birla Sun Life Interval Income Fund - Annual Plan VIII; NFO to close

on July 11

Birla Sun Life Mutual Fund has launched a new interval income scheme named Birla Sun Life Interval Income Fund - Annual Plan VIII with maturity period of 368 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 same day. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The two 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. Kaustubh Gupta will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and growth of capital will be met through investment in a diversified portfolio of debt & money market securities. Hence, the scheme will allocate 0 to 100 per cent of the asset in debt and money market instrument.

HDFC MF launches HDFC FMP 370D July 2013 (2); NFO to close on July 16

HDFC Mutual Fund has launched a new close ended income scheme named HDFC FMP 370D July 2013 (2) with maturity period of 370 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 July 16, 2013. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The three options available under the Plan of the Scheme are Growth, Dividend and Flexi option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Anil Bamboli will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met through investment in a diversified portfolio of debt & money market securities and government securities. Hence, the scheme will allocate 60 to 100 per cent of the asset in debt and money market instrument and 0 to 40 per cent in government securities.

HDFC MF declares dividend under HDFC FMP 371 D July 2012 - 1

11/07/2013 14:38

HDFC Mutual Fund has declared entire distributable surplus as dividend under dividend payout option of scheme named as HDFC FMP 371 D July 2012 - 1 on the face value of Rs 10 per unit. The record date for the dividend is July 16. The NAV of scheme as on July 10, 2013 was at Rs 10.2628. The investment objective of the close ended debt fund is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plans. The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index and Anil Bamboli is the fund manager of the scheme.

ICICI Prudential MF launches ICICI Prudential Fixed Maturity Plan-Series 68-368 Days Plan G; NFO to close on Ju
15/07/2013 12:27

ICICI Prudential Mutual Fund has launched a new close ended debt fund named ICICI Prudential Fixed Maturity Plan-Series 68-368 Days Plan G with maturity period of 368 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 July 18, 2013. 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 two 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. Manish Banthia 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 through investment in a diversified portfolio of fixed income securities/debt instruments. Hence, the scheme will allocate 0 to 100 per cent of asset in money market instruments.