Saturday, November 26, 2016

HDFC Mutual Fund announces change in exit load under two schemes

With effect from 01 December 2016

HDFC Mutual Fund has decided to revise exit load of HDFC Income Fund and HDFC High Interest Fund-Short Term Plan, with effect from 01 December 2016. Accordingly, the revised exit load under each scheme will be nil. 

Birla Sun Life Balanced '95 Fund announces change in fund management responsibilities

Birla Sun Life Mutual Fund has announced that the fund management responsibilities of Birla Sun Life Balanced '95 Fund, an open ended Balanced Scheme, have been reassigned and accordingly the scheme will be now jointly managed by Mahesh Patil, Dhaval Shah and Pranay Sinha with effect from 23 November 2016. 

All other features and terms and conditions of the scheme shall remain unchanged.

Axis Mutual Fund appoints Shreyash Devalkar as fund manager-equity

With effect from 16 November 2016 

Axis Mutual Fund has appointed Shreyash Devalkar as fund manager-equity with effect from 16 November 2016. 

The fund management responsibilities of schemes of Axis Mutual Fund are changed as follows, with effect from 23 November 2016: 

Axis Equity Fund and Axis Midcap Fund-Shreyash Devalkar will be fund manager with effect from 23 November 2016 

Union KBC Mutual Fund annoucnes change in name

"Union KBC Mutual Fund" has announced the change in name from "Union KBC Mutual Fund to Union Mutual Fund." The word KBC is no longer part of the revised name