Wednesday, 19 June 2013

New Fund Offers(NFO) From Mutual Fund Houses

SBI MF launches “SBI Debt Fund Series - 366 Days - 30”; NFO to close on June 19
SBI Mutual Fund has launched a new close ended debt scheme named “SBI Debt Fund Series - 366 Days - 30” with maturity period of 366 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 18 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 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 Short Term Bond Fund Index. Rajeev Radhakrishnan 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 provide regular income, liquidity and returns to the investors will be met through investment in a diversified portfolio of debt instruments such as government securities, PSU & corporate bonds and money market instruments. Hence, the scheme will allocate 0 to 100 per cent of the asset in debt and money market instruments.

Reliance MF launches “Reliance Yearly Interval Fund - Series 9”; NFO to close on June 20
Reliance Mutual Fund has launched a new debt oriented interval scheme named “IDFC Fixed Term Plan Series –20” with maturity period of 366 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 June 20, 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 Short Term Bond Fund Index. Amit Tripathi 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 returns and growth of capital will be met through investment in a diversified portfolio of central and state government securities and other fixed income/ debt securities. Hence, the scheme will allocate 70 to 100 per cent of the asset in money market instruments and 0 to 30 per cent in government securities.
IDFC MF launches “IDFC Fixed Term Plan Series –20”; NFO to close on June 24
IDFC Mutual Fund has launched a new close ended income scheme named “IDFC Fixed Term Plan Series –20” with maturity period of 366 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 June 24, 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 10000 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. Anupam Joshi 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 and money market securities. Hence, the scheme will allocate 0 to 00 per cent of the asset in debt and money market instruments.

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