New Fund Offers(NFO) From Mutual Fund Houses

Tata MF launches “Tata Dual Advantage Fund Scheme A(3 Years)”; NFO to close on June 28

Tata Mutual Fund has launched a new close ended income scheme named “Tata Dual Advantage Fund Scheme A(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 in June 28, 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 1 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 MIP Blended Index. Amit Somani and Predeep Gokhale 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 through investment in diversified portfolio of fixed income instruments and equity/equity related instrument. Hence, the scheme will allocate 75 to 95 per cent of the asset in debt and money market instruments and 5 to 25 per cent in equity and equity related instruments.

Reliance MF launches “Reliance Dual Advantage Fixed Tenure Fund III - Plan D”; NFO to close on June 28

Reliance Mutual Fund has launched a new close ended hybrid scheme named “Reliance Dual Advantage Fixed Tenure Fund III - Plan D” 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 June 28, 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 1 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 MIP Blended Fund Index. Krishan Daga and Anju Chajjer 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 and reduce interest rate volatility will be met through investment in diversified portfolio of fixed income securities. Hence, the scheme will allocate 65 to 95 per cent of asset in debt securities, 0 to 30 in money market instruments and 5 to 20 per cent in equity and equity related instruments.

Kotak Mahindra MF launches “Kotak FMP Series 104 (370 days)”; NFO to close on June 17

Kotak Mahindra Mutual Fund has launched a new close ended debt scheme named “Kotak FMP Series 104 (370 days)” 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 on June 15 and 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 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 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 through investment in diversified portfolio of debt and money market instruments. Hence, the scheme will allocate 0 to 100 per cent of asset in debt and money market instruments.