Kotak MF Announces Extension of Duration under its schemes

Kotak Mutual Fund has decided to extend the duration of the following schemes in accordance with regulation 33(4) of SEBI (Mutual Funds) Regulations: 

Kotak FMP Series 105: 

Existing Maturity Date: 03 August 2016
Period of Extension: 370 days
Extended Maturity Date: 08 August 2017 

Kotak FMP Series 106: 

Existing Maturity Date: 04 August 2016
Period of Extension: 370 days
Extended Maturity Date: 09 August 2017 

Kotak FMP Series 107: 

Existing Maturity Date: 08 August 2016
Period of Extension: 373 days
Extended Maturity Date: 16 August 2017

Reliance MF Announces Introduction of Monthly Dividend Payout Option & Monthly Dividend Reinvestment Option under Reliance Regular Savings Fund – Balanced Option

With effect from 08 August 2016

Reliance Mutual Fund has announced introduction of Monthly Dividend Payout Option and Monthly Dividend Reinvestment Option (in addition to the existing options) under Dividend Plan/Direct Plan-Dividend Plan at the face of Rs 10 per unit of Reliance Regular Savings Fund – Balanced Option, with effect from 08 August 2016.

Reliance Dual Advantage Fixed Tenure Fund III-Plan D Announces Dividend

Record date for dividend is 03 August 2016

Reliance Mutual Fund has announced 03 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under Dividend Option & Direct Plan-Dividend Option of Reliance Dual Advantage Fixed Tenure Fund III-Plan D. 

The amount of dividend will be Rs 0.10 per unit under each plan / option as on the record date.

IDFC Fixed Term Plan – Series 24 Announces Dividend

Record date for dividend is 02 August 2016 

IDFC Mutual Fund has announced 02 August 2016 as the record date for declaration of dividend under the Regular Plan-Quarterly Dividend Option (Payout) of IDFC Fixed Term Plan-Series 24. 

The quantum of dividend (Rs per unit) on the face value of Rs 10 per unit will be entire distributable surplus as on the record date. 

HDFC Arbitrage Fund Announces Dividend

Record date for dividend is 02 August 2016 

HDFC Mutual Fund has announced 02 August 2016 as the record date for declaration of dividend under the regular plan-normal dividend option and direct plan-normal dividend option of HDFC Arbitrage Fund-Wholesale Plan. 

The amount of dividend will be Re 0.05 per unit under each plan / option on the face value of Rs 10 per unit.

HDFC Short Term Opportunities Fund Announces Change in Exit load Structure

With effect from 01 August 2016 

HDFC Mutual Fund has announced change in exit load under HDFC Short Term Opportunities Fund, with effect from 01 August 2016. Accordingly, the revised exit load will be Nil.

SBI MF Announces Change in exit load structures under its schemes

With effect from 28 July 2016 

SBI Mutual Fund has announced change in exit load structure under the following schemes, with effect from 28 July 2016. Accordingly, the revised exit load will: 

SBI Regular Savings Fund: 

For exit within 12 months from the date of allotment – 1.50%
For exit after 12 months but within 18 months from the date of allotment – 1%
For exit after 18 months from the date of allotment – Nil 

SBI Treasury Advantage Fund: Nil 

SBI Short Term Debt Fund: 

For exit within 45 days from the date of allotment – 0.25%
For exit after 45 days from the date of allotment – Nil

ICICI Prudential Balanced Advantage Fund Announces Dividend

Record date for dividend is 02 August 2016 

ICICI Prudential Mutual Fund has announced 02 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the monthly dividend option of ICICI Prudential Balanced Advantage Fund. 

The quantum of dividend will be Rs 0.10 per unit as on the record date.

ICICI Prudential Fixed Maturity Plan – Series 68 – 369 Days Plan I Announces Dividend

Record date for dividend is 02 August 2016 

ICICI Prudential Mutual Fund has announced 02 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option & direct plan-dividend option of ICICI Prudential Fixed Maturity Plan – Series 68 – 369 Days Plan I. 

The recommended rate of dividend will be Re 0.0500 per unit under each plan as on the record date.

ICICI Prudential Fixed Maturity Plan – Series 79 – 1125 Days Plan H Announces Extension of NFO period

The NFO period extended till 08 August 2016 

ICICI Prudential Mutual Fund has announced the closing date of the New Fund Offer (NFO) of ICICI Prudential Fixed Maturity Plan – Series 79 – 1125 Days Plan H has been extended till 08 August 2016.

ICICI Prudential Fixed Maturity Plan – Series 79 – 1120 Days Plan J Floats On

NFO period is from 27 July to 02 August 2016 

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 79 – 1120 Days Plan J, a close ended debt scheme. The tenure of the scheme is 1120 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue opens for subscription from 27 July to 02 August 2016. 

The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme. 

Presently, two options are available under the scheme viz. cumulative and dividend with only dividend payout option. 

The scheme will invest 80%-100% of its assets in debt instruments including government securities and invest upto 20% of assets in money market instruments with low to medium risk profile. The scheme will not have any exposure to derivatives and if a scheme decides to invest in securitized debt (Single loan and / or Pool loan Securitized debt), it could be upto 25% of the corpus of the Plan. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period. 

The scheme is proposed to be listed on NSE. 

Entry load and exit load charge are not applicable for the scheme. 

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. 

The fund managers of the scheme are Rahul Goswami and Rohan Maru. 

ICICI Prudential Fixed Maturity Plan – Series 79 – 1120 Days Plan I Floats On

NFO period is from 27 July to 02 August 2016

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 79 – 1120 Days Plan I, a close ended debt scheme. The tenure of the scheme is 1120 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue opens for subscription from 27 July to 02 August 2016. 

The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme. 

Presently, two options are available under the scheme viz. cumulative and dividend with only dividend payout option. 

The scheme will invest 80%-100% of its assets in debt instruments including government securities and invest upto 20% of assets in money market instruments with low to medium risk profile. The scheme will not have any exposure to derivatives and if a scheme decides to invest in securitized debt (Single loan and / or Pool loan Securitized debt), it could be upto 25% of the corpus of the Plan. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period. 

The scheme is proposed to be listed on NSE. 

Entry load and exit load charge are not applicable for the scheme. 

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. 

The fund managers of the scheme are Rahul Goswami and Rohan Maru. 

HDFC Fixed Maturity Plan 1148D August 2016 (1) Floats On

NFO period is from 01 August to 08 August 2016 

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1148D August 2016 (1), a plan under HDFC Fixed Maturity Plans – Series 36 (a close-ended income scheme). The tenure of the scheme is 1148 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 01 August to 08 August 2016. 

The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan. 

The plan shall offer three options – growth, dividend and flexi option. 

The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in money market instruments with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be not applicable for the plan. 

Benchmark Index for the plan is CRISIL Composite Bond Fund Index. 

The fund managers of the scheme are Anil Bamboli & Rakesh Vyas (Dedicated fund manager for overseas investments). 

Tata Equity P/E Fund Announces Dividend

Record date for dividend is 01 August 2016 

Tata Mutual Fund has announced 01 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under Tata Equity P/E Fund-Regular Plan (Dividend Trigger Option B-10%) & Tata Equity P/E Fund-Direct Plan (Dividend Trigger Option B-10%). 

The amount of dividend (Rs per unit) will be: 

Tata Equity P/E Fund-Regular Plan (Dividend Trigger Option B-10%): 4.75
Tata Equity P/E Fund-Direct Plan (Dividend Trigger Option B-10%): 4.60

Invesco India Fixed Maturity Plan – Series XIX – Plan C Announces Record Date

Record date is 01 August 2016 

Invesco Mutual Fund has announced 01 August 2016 has been fixed as the Record Date for the purpose of determining eligible unit holders holding units of Invesco India Fixed Maturity Plan – Series XIX – Plan C, who would be entitled to the maturity / redemption proceeds on the Maturity / Final Redemption Date of the scheme.

BNP Paribas Dividend Yield Fund Announces Dividend

Record date for dividend is 01 August 2016

BNP Paribas Mutual Fund has announced 01 August 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under BNP Paribas Dividend Yield Fund. 

The amount of dividend (Rs per unit) will be: 

BNP Paribas Dividend Yield Fund: 0.10 

BNP Paribas Dividend Yield Fund-Direct Plan: 0.10 

ICICI Prudential Fixed Maturity Plan – Series 79 – 1125 Days Plan H Floats On

NFO period is from 26 July to 28 July 2016 

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 79 – 1125 Days Plan H, a close ended debt scheme. The tenure of the scheme is 1125 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue opens for subscription from 26 July to 28 July 2016
.
The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme. 

Presently, two options are available under the scheme viz. cumulative and dividend with only dividend payout option. 

The scheme will invest 80%-100% of its assets in debt instruments including government securities and invest upto 20% of assets in money market instruments with low to medium risk profile. The scheme will not have any exposure to derivatives and if a scheme decides to invest in securitized debt (Single loan and / or Pool loan Securitized debt), it could be upto 25% of the corpus of the Plan. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period. 

The scheme is proposed to be listed on NSE. 

Entry load and exit load charge are not applicable for the scheme. 

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. 

The fund managers of the scheme are Rahul Goswami and Rohan Maru. 

ICICI Prudential MF Announces Dividend under its schemes

Record date for dividend is 29 July 2016 

ICICI Prudential Mutual Fund has announced 29 July 2016 as the record date for declaration of dividend under the dividend option of following schemes. 

The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: 

ICICI Prudential Long Term Plan:
Quarterly Dividend: 0.4227
Retail – Quarterly Dividend: 0.4284
Direct Plan – Quarterly Dividend: 0.4552 

ICICI Prudential Corporate Bond Fund:
Quarterly Dividend: 0.2456
Plan B – Quarterly Dividend: 0.2433
Direct Plan – Quarterly Dividend: 0.2649 

ICICI Prudential Equity Savings Fund – Series 1:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential Growth Fund – Series 1:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential India Recovery Fund – Series 4:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential Value Fund – Series 2:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential Value Fund – Series 3:
Dividend: 0.75 
Direct Plan – Dividend: 0.75 

ICICI Prudential Value Fund – Series 7:
Dividend: 0.75
Direct Plan – Dividend: 0.75 

ICICI Prudential R.I.G.H.T (Rewards of Investing & Generation of Healthy Tax Savings) Fund:
Dividend: 2.00 

Franklin India Dynamic PE Ratio Fund of Funds Announces Dividend

Record date for dividend is 29 July 2016

Franklin Templeton Mutual Fund has announced 29 July 2016 as the record date for declaration of dividend under the dividend plan and direct-dividend plan of Franklin India Dynamic PE Ratio Fund of Funds. 

The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: 

Individuals & HUF: 0.613
Others: 0.568

Canara Robeco Force Fund Announces Dividend

Record date for dividend is 29 July 2016 

Canara Robeco Mutual Fund has announced 29 July 2016 as the record date for declaration of dividend under the regular plan-dividend option of Canara Robeco F.O.R.C.E. Fund. 

The amount of dividend will be Rs 1.20 per unit on the face value of Rs 10 per unit.

DSP BlackRock FMP – Series 104 – 12 M Announces Dividend

Record date for dividend is 28 July 2016 

DSP BlackRock Mutual Fund has announced 28 July 2016 as the record date for declaration of dividend under the Regular Plan-Dividend Option & Direct Plan-Quarterly Dividend Option of DSP BlackRock FMP – Series 104 – 12 M, a close ended income scheme. 

The quantum of dividend will be upto 100% of distributable surplus as on record date on the face value of Rs 10 per unit. The scheme maturity date is also 28 July 2016. 

SBI Arbitrage Opportunities Fund Announces Dividend

Record date for dividend is 29 July 2016

 SBI Mutual Fund has announced 29 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option in regular plan & direct plan of SBI Arbitrage Opportunities Fund. 

The quantum of dividend will be Rs 0.05 per unit under each plan.

DSP BlackRock Balanced Fund Announces Dividend

Record date for dividend is 28 July 2016 

DSP BlackRock Mutual Fund has announced 28 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option of DSP BlackRock Balanced Fund, an open ended balanced scheme. 

The quantum of dividend will be Rs 0.240 per unit under each regular plan and direct plan.

Birla Sun Life MF Announces Dividend under two schemes

Record date for dividend is 29 July 2016

Birla Sun Life Mutual Fund has announced 29 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the following schemes. The amount of dividend (Rs per unit) will be: 

Birla Sun Life New Millennium Fund:
Regular Plan – Dividend Option: 1.27 

Birla Sun Life Enhanced Arbitrage Fund:
Regular Plan – Dividend Option: 0.058
Direct Plan – Dividend Option: 0.06

New application process to fast track the allotment of PAN and TAN

For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduced on the portals of PAN service providers M/s NSDL eGov and M/s UTIITSL. Under the new process PAN and TAN will be allotted within one day after completion of valid on-line application. 

Similarly, a new Aadhaar e-Signature based application process for Individual PAN applicants has been made available on the portals of PAN service providers M/s NSDL eGov. 

Introduction of Aadhaar based e-Signature through M/s NSDL eGov in PAN application not only ensures paperless hassle free PAN application process but also seeding of Aadhaar in PAN which will curb the problem of duplicate PAN to a great extent. 

HDFC Prudence Fund Announces Dividend

Record date for dividend is 25 July 2016 

HDFC Mutual Fund has announced 25 July 2016 as the record date for declaration of dividend under the regular plan-dividend option (payout and reinvestment) and direct plan-dividend option (payout and reinvestment) of HDFC Prudence Fund. 

The amount of dividend will be Rs 0.30 per unit under each plan / option on the face value of Rs 10 per unit.

HDFC MF Announces Change in exit load structure under two schemes

With effect from 27 July 2016 

HDFC Mutual Fund has announced change in exit load under the following schemes, with effect from 27 July 2016. 

Accordingly, the revised exit load will be: 

HDFC Short Term Plan: 

In respect of each purchase/switch-in of units, 15% of the units (the limit) may be redeemed without any exit load from the date of allotment. 

Any redemption in excess of the above limit shall be subject to the following exit load:
Exit load of 0.75% is payable, if units are redeemed / switched out within 12 months from the date of allotment. 

No exit load is payable if units are redeemed / switched out after 12 months from the date of allotment. 

HDFC Corporate Debt Opportunities Fund: 

In respect of each purchase/switch-in of units, 15% of the units (the limit) may be redeemed without any exit load from the date of allotment. 

Any redemption in excess of the above limit shall be subject to the following exit load: 

In respect of each purchase/switch-in of units, an exit load of 2.00% is payable if units are redeemed / switched-out within 12 months from the date of allotment. 

In respect of each purchase/switch-in of units, an exit load of 1.00% is payable if units are redeemed / switched-out within after 12 months but within 24 months from the date of allotment. 

In respect of each purchase/switch-in of units, an exit load of 0.50% is payable if units are redeemed / switched-out within after 24 months but within 36 months from the date of allotment. 

No exit load is payable if units are redeemed / switched out after 36 months from the date of allotment.

L&T Dynamic Equity Fund Announces Dividend

Record date for dividend is 27 July 2016 

L&T Mutual Fund has announced 27 July 2016 as the record date for declaration of dividend under the dividend option & direct plan-dividend option of L&T Dynamic Equity Fund. 

The quantum of dividend will be Re 0.12 per unit under each plan / option as on the record date on the face value of Rs 10 per unit.

DSP BlackRock Equity Savings Fund Announces Dividend

Record date for dividend is 27 July 2016 

DSP BlackRock Mutual Fund has announced 27 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under Regular Plan-Monthly Dividend Option, Regular Plan-Quarterly Dividend Option, Direct Plan-Monthly Dividend Option & Direct Plan-Quarterly Dividend Option of DSP BlackRock Equity Savings Fund, an open ended equity scheme of the fund. 

The quantum of dividend will be Re 0.09 per unit under each plan / option as on the record date.

Reliance MF Announces Rollover under Reliance Fixed Horizon Fund – XXVI – Series 30

The scheme shall mature on 16 August 2018

Reliance Mutual Fund has announced rollover of Reliance Fixed Horizon Fund – XXVI – Series 30, which is scheduled to mature on 28 July 2016. 

Pursuant to clause 33(4) of SEBI Regulations, 1996, the management has decided to rollover / extend the maturity of the Reliance Fixed Horizon Fund – XXVI – Series 30 to 749 days. 

Subsequent to the rollover, the scheme shall mature on 16 August 2018 or the immediately following business day, if such day is not a business day.

Reliance Fixed Horizon Fund – XXVI – Series 30 Announces Dividend

Record date for dividend is 28 July 2016 

Reliance Mutual Fund has announced 28 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend payout option and direct plan-dividend payout option of Reliance Fixed Horizon Fund – XXVI – Series 30. 

The amount of dividend will be entire distributable surplus available in the scheme as on the record date. 

Axis Equity Saver Fund Announces Dividend

Record date for dividend is 28 July 2016

Axis Mutual Fund has announced 28 July 2016 as the record date for declaration of dividend under the regular plan-monthly dividend option & direct plan-monthly dividend option of Axis Equity Saver Fund. 

The quantum of dividend will be Re 0.0625 per unit under each plan on the face value of Rs 10 per unit.

ICICI Prudential Multiple Yield Fund – Series 4 – 1100 Days Plan E Announces Dividend

Record date for dividend is 28 July 2016

ICICI Prudential Mutual Fund has announced 28 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under dividend option & direct plan-dividend option of ICICI Prudential Multiple Yield Fund – Series 4 – 1100 Days Plan E. 

The recommended rate of dividend will be Re 0.0500 per unit under each plan / option as on the record date.

ICICI Prudential Multiple Yield Fund - Series 11 – Plan A (1427 Days) Floats On

NFO period is from 19 July to 02 August 2016

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Multiple Yield Fund - Series 11 – 1427 Days Plan A, a close ended income fund. The tenure of the plan is 1427 days from the date of allotment of units. The new fund offer price for the scheme is Rs 10 per unit. The new issue will open for subscription from 19 July to 02 August 2016. 

The primary objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments. The secondary objective of the scheme is to generate long term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments. 

The scheme offers direct and regular plan. Each plan will offer cumulative and dividend option. Dividend payout is the only facility available under dividend option. 

The scheme will allocate 65% to 95% of assets in debt securities (including government securities) with low to medium risk profile. It would allocate upto 30% of assets in money market instruments, cash and cash equivalents with low to medium risk profile and it would allocate 5% to 35% of the asset in equity or equity related securities with medium to high risk profile. 

Of the investments in debt instruments, 83%-88% would be invested in AA rated non convertible debentures. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription amount of Rs 20 crore during the NFO period. 

Entry load and exit load charge are not applicable for the scheme. 

The scheme will be benchmarked against the combination of Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) Index 

The equity portion will be managed by Vinay Sharma. Rahul Goswami and Chandni Gupta will jointly manage the debt portion of investments under the scheme. The investments under the ADRs/GDRs and other foreign securities will be managed by Shalya Shah. 

Reliance Dual Advantage Fixed Tenure Fund IX – Plan F Floats On

NFO period is from 21 July to 02 August 2016 

Reliance Mutual Fund has unveiled a new fund named as Reliance Dual Advantage Fixed Tenure Fund IX – Plan F, a close ended hybrid scheme with the duration of 1150 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 21 July and close on 02 August 2016. 

The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure. 

The scheme offers two options viz. growth and dividend payout option. 

The scheme will allocate 70% to 95% of assets in debt securities, invest upto 25% of assets in money market instruments with low to medium risk profile and 5% to 30% of assets in equities & equity related instruments (including options premium) with medium to high risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry & exit load charge will be nil for the scheme. 

Benchmark Index for the scheme is a mix of 80% CRISIL Composite Bond Fund Index & 20% CNX Nifty Index. 

The fund managers for the scheme are Sanjay H.Parekh and Anju Chajjer. 

Reliance Fixed Horizon Fund – XXXI – Series 6 Floats On

NFO period is from 18 July to 28 July 2016

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXXI – Series 6, a close ended income scheme with the duration of 1143 days from the date of allotment. During the New Fund Offer (NFO), the scheme will offer units at Rs 10 per unit. 
The new issue will be open for subscription from 18 July and close on 28 July 2016. 

The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. 

The scheme offers growth and dividend payout option under both regular plan and direct plan. 

The scheme will allocate upto 20% of its assets in money market instruments with low risk profile and invest 80%-100% of its assets in government securities & debt instruments with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be nil for the scheme. 

Benchmark Index for the scheme is Crisil Composite Bond Fund Index. 

The fund manager of the scheme will be Amit Tripathi. 

Reliance Fixed Horizon Fund – XXXI – Series 7 Floats On

NFO period is from 21 July to 26 July 2016

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund – XXXI – Series 7, a close ended income scheme with the duration of 1098 days from the date of allotment. During the New Fund Offer (NFO), the scheme will offer units at Rs 10 per unit.

The new issue will be open for subscription from 21 July and close on 26 July 2016. 

The primary investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. 

The scheme offers growth and dividend payout option under both regular plan and direct plan. 

The scheme will allocate upto 30% of its assets in money market instruments with low risk profile and invest 70%-100% of its assets in government securities & debt instruments with low to medium risk profile. 

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be nil for the scheme. 

Benchmark Index for the scheme is Crisil Short Term Bond Fund Index. 

The fund manager of the scheme will be Amit Tripathi. 

UTI Fixed Term Income Fund – Series XXV – II (1097 Days) Floats On

NFO period is from 20 July to 03 August 2016 

UTI Mutual Fund has launched a new fund named as UTI Fixed Term Income Fund – Series XXV – II (1097 Days), a close ended income scheme. The duration of the scheme is 1097 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 20 July to 03 August 2016. 

The investment objective of the scheme is to generate returns by investing in a portfolio of fixed income securities maturing on or before the date of maturity of the scheme. 

The scheme offers growth option, quarterly dividend option with payout and reinvestment facility, flexi dividend option with payout and reinvestment facility, annual dividend option with payout and reinvestment facility and maturity dividend option with payout facility. 

The scheme would allocate 80%-100% of assets in debt instruments with low to medium risk profile and invest upto 20% of assets would be allocated to money market instruments with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 under all the options. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be nil for the scheme. 

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index. 

Sunil Patil is the fund manager for the scheme. 

Mutual funds continue selling

Net outflow of Rs 56 crore on 18 July 2016

Mutual funds (MFs) sold stocks worth a net Rs 56 crore on 18 July 2016, compared with net outflow of Rs 121.40 crore on 15 July 2016. The net outflow of Rs 56 crore on 18 July 2016 was a result of gross purchases of Rs 1076.50 crore and gross sales of Rs 1132.50 crore. On that day, the Sensex lost 89.84 points or 0.32% to settle at 27,746.66, its lowest closing level since 11 July 2016. 

Mutual funds have bought shares worth a net Rs 35.50 crore in this month so far (till 18 July 2016). They sold shares worth a net Rs 85.90 crore last month. 

L&T MF Announces Change in Fundamental Attributes of L&T Low Duration Fund

With effect from 22 August 2016 

L&T Mutual Fund has announced the change in fundamental attributes of L&T Low Duration Fund, with effect from 22 August 2016. 

The proposed changes are: 

Name of the scheme: L&T Banking & PSU Debt Fund 

Investment objective: The investment objective of the scheme is to generate reasonable returns by primarily investing in debt and money market securities that are issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) in India. 

Asset Allocation: 

The scheme will invest 80%-100% of assets in debt and money market instruments / securities issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and invest upto 20% in debt and money market instruments / securities issued by other entities (includes investments in Treasury bills and instruments / securities issued by the Central Government and State Government) with low to medium risk profile.

Principal Credit Opportunities Fund Announces Change in Exit Load Structure

With effect from 18 July 2016 

Principal Mutual Fund has announced change in exit load structure under direct plan and regular plan of Principal Credit Opportunities Fund, with effect from 18 July 2016. 

Accordingly, the revised exit load structure will be: 

If redeemed on or before 180 days from the date of allotment, the exit load will be 0.50%
If redeemed after 180 days from the date of allotment, the exit load will be Nil. 

Union KBC Capital Protection Oriented Fund – Series 3 Announces Dividend

Record date for dividend is 21 July 2016 

Union KBC Mutual Fund has announced 21 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option in regular plan & direct plan of Union KBC Capital Protection Oriented Fund – Series 3, a close ended capital protection oriented scheme. 

The amount of dividend will be entire distributable surplus as on the record date. 

JPMorgan India Equity Fund Announces Dividend

Record date for dividend is 21 July 2016 

JPMorgan Mutual Fund has announced 21 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under regular plan-dividend option & direct plan-dividend option of JPMorgan India Equity Fund. 

The gross dividend will be Rs 0.20 per unit under each plan as on the record date. 

Axis MF Announces Change in Key Personal

With effect from 15 July 2016 

Axis Mutual Fund has announced that Pankaj Murarka, Head – Equity has ceased to be an employee of Axis Asset Management Company, with effect from 15 July 2016. 

Consequently, he ceases to be a Key Person of the AMC and Fund Manager of Axis Equity Fund, Axis Mid Cap Fund, Axis Small Cap Fund and Axis Children's Gilt Fund. 

Further, Jinesh Gopani shall be the Fund Manager of Axis Equity Fund along with other existing Fund Manager, with effect from 16 July 2016. 

BOI AXA Mutual Fund Announces Change in Fund Managers under various schemes

With effect from 18 July 2016 

BOI AXA Mutual Fund has announced change in the fund managers of various schemes, with effect from 18 July 2016. 

Accordingly, BOI AXA Treasury Advantage Fund will be managed by Piyush Baranwal, BOI AXA Short Term Income Fund & BOI AXA Liquid Fund will be jointly managed by Alok Singh & Piyush Baranwal and BOI AXA Equity Debt Rebalancer Fund will be jointly managed by Alok Singh & Saurabh Kataria. 

ICICI Prudential Interval Fund IV – Quarterly Interval Plan B Announces Dividend

Record date for dividend is 21 July 2016

ICICI Prudential Mutual Fund has announced 21 July 2016 as the record date for declaration of dividend under the dividend option of ICICI Prudential Interval Fund IV – Quarterly Interval Plan B. 

The amount of dividend (Rs per unit) on the face value of Rs 10 per unit will be: 

Retail Dividend: 0.1441
Dividend: 0.1453

Axis MF Announces Appointment of Director

With effect from 13 July 2016 

Axis Mutual Fund has announced that P.Vijaya Bhaskar has been appointment as Director on the Board of Axis Asset Management Company, with effect from 13 July 2016. He is aged 60 years and holds B.Com, M.Com, CAIIB, PGDBM (NIBM) as his educational qualification.

IDFC Corporate Bond Fund Announces Change in Exit Load Structure

With effect from 18 July 2016 

IDFC Mutual Fund has announced change in exit load structure under IDFC Corporate Bond Fund, with effect from 18 July 2016. 

Accordingly, the revised exit load structure will be: 

If redeemed / switched out within 30 days from the date of allotment: 0.25%

HDFC Fixed Maturity Plan 1161D July 2016 (1) Floats On

NFO period is from 19 July to 26 July 2016

HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity Plan 1161D June 2016 (1), a plan under HDFC Fixed Maturity Plans – Series 36 (a close-ended income scheme). The tenure of the scheme is 1161 days from the date of allotment of units. The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 19 July to 26 July 2016. 

The investment objective of the plan is to generate regular income through investments in debt / money market instruments and government securities maturing on or before the maturity date of the plan. 

The plan shall offer three options – growth, dividend and flexi option. The plan would invest 80%-100% of assets in debt instruments & government securities with medium risk profile and invest upto 20% of assets in money market instruments with low risk profile. 

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. 

Entry and exit load charge will be not applicable for the plan. 

Benchmark Index for the plan is CRISIL Composite Bond Fund Index. 

The fund managers of the scheme are Anil Bamboli & Rakesh Vyas (Dedicated fund manager for overseas investments). 

DSP BlackRock MF Announces Change in Fund Managers under its schemes

With effect from 18 July 2016 

DSP BlackRock Mutual Fund has announced change in Fund Managers under the following schemes, with effect from 18 July 2016. 

Accordingly, DSP BlackRock Liquidity Fund, DSP BlackRock Money Manager Fund, DSP BlackRock Ultra Short Term Fund & DSP BlackRock Short Term Fund will be jointly managed by Kedar Karnik & Laukik Bagwe. 

DSP BlackRock Income Opportunities Fund will be jointly managed by Laukik Bagwe & Pankaj Sharma, DSP BlackRock Treasury Bill Fund will be jointly managed by Kedar Karnik & Vikram Chopra, DSP BlackRock Banking & PSU Debt Fund will be jointly managed by Vikram Chopra & Laukik Bagwe, DSP BlackRock Bond Fund, DSP BlackRock Strategic Bond Fund & DSP BlackRock Government Securities Fund will be jointly managed by Vikram Chopra & Pankaj Sharma, DSP BlackRock Constant Maturity 10Y G-Sec Fund will be jointly managed by Vikram Chopra & Vivek Ved. 

DSP BlackRock MIP Fund & DSP BlackRock Equity Savings Fund will be jointly managed by Vikram Chopra, Kedar Karnik (Fixed Income Portion) & Mayur Patel (Equity Portion), DSP BlackRock Balanced Fund will be jointly managed by Vikram Chopra, Pankaj Sharma (Fixed Income Portion) & Atul Bhole (Equity Portion), DSP BlackRock 3 years Close Ended Equity Fund will be jointly managed by Laukik Bagwe, Kedar Karnik (Fixed Income Portion) & Vinit Sambre (Equity Portion).

DSP BlackRock Dynamic Asset Allocation Fund will be jointly managed by Laukik Bagwe, Kedar Karnik (Fixed Income Portion) & Mayur Patel (Equity Portion), DSP BlackRock US Flexible Equity Fund & DSP BlackRock Global Allocation Fund will be jointly managed by Laukik Bagwe, Kedar Karnik (Fixed Income Portion) & Jay Kothari (Dedicated Fund Manager for overseas investments), All existing DSP BlackRock Dual Advantage Funds will be jointly managed by Laukik Bagwe, Pankaj Sharma (Fixed Income Portion) & Mayur Patel (Equity Portion) and All existing DSP BlackRock Dual Advantage Funds will be jointly managed by Laukik Bagwe & Pankaj Sharma.

UTI Fixed Income Interval Fund – Series – II Quarterly Interval Plan – IV Announces Dividend

Record date for dividend is 20 July 2016 

UTI Mutual Fund has announced 20 July 2016 as the record date for declaration of dividend under the dividend sub option of UTI Fixed Income Interval Fund – Series – II Quarterly Interval Plan – IV. 

The amount of dividend on the face value of Rs 10 per unit will be 100% of distributable surplus as on the record date.

ICICI Prudential Fixed Maturity Plan – Series 68 – 745 Days Plan F Announces Dividend

Record date for dividend is 20 July 2016

ICICI Prudential Mutual Fund has announced 20 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under the dividend option & direct plan-dividend option of ICICI Prudential Fixed Maturity Plan – Series 68 – 745 Days Plan F. 

The recommended rate of dividend will be Re 0.0500 per unit under each plan as on the record date.

Mirae Asset Emerging Bluechip Fund Announces Dividend

Record date for dividend is 20 July 2016 

Mirae Asset Mutual Fund has announced 20 July 2016 as the record date for declaration of dividend on the face value of Rs 10 per unit under regular plan-dividend option of Mirae Asset Emerging Bluechip Fund. 

The quantum of dividend will be Rs 2.00 per unit as on the record date.