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You are here : IndiaNotes >> Managing Money >> Mutual Funds >> About Mutual Funds

Mutual Fund Update: Industry's AUM rises by 3.25%

SMC | 24 Dec, 2012  | Follow Author | Add to my Favourites 
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Mutual fund's AUM touches Rs 7.93 lakh cr in Nov: Crisil


According to Crisil, the mutual fund industry's assets under management during November grew by 3.25 per cent to touch Rs 7.93 lakh crore mainly due to inflows of funds into money market. "The mutual fund industry's month-end AUM rose by 3.25 per cent (Rs 25,000 crore) to Rs 7.93 lakh crore in November, the highest month-end assets for the industry since April 2010.


Equity funds' AUM rose 3.5 per cent despite registering outflows: Crisil


Equity funds' AUM rose 3.5 per cent despite registering outflows. It rose by 3.5 percent (Rs 6,500 crore) to Rs 1.90 lakh crore despite witnessing outflows for the sixth consecutive month, the agency said. The rise in the assets for the category was due to mark to market gains from the underlying markets.


Birla Sun Life MF introduces Fixed Term Plan - Series GD (366 days)


Birla Sun Life Mutual Fund has launched the New Fund Offer (NFO) of Birla Sun Life Fixed Term Plan - Series GD (366 days), a close ended income scheme. The NFO opens for subscription on December 24, 2012 and closes on December 24, 2012. No entry load or exit load will be applicable for the scheme. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.


DSP BlackRock MF introduces FTP - Series 13 - 15M


DSP BlackRock Mutual Fund has launched the New Fund Offer (NFO) of DSP BlackRock FTP - Series 13 - 15M, a close ended income scheme. The NFO opens for subscription on December 21, 2012 and closes on January 3, 2013. The investment objective of the scheme is to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the schemes.


HSBC MF files offer document with SEBI


HSBC Mutual Fund files offer document with SEBI to launch HSBC Asia Pacific (Ex Japan) Dividend Yield Fund, an open ended Fund of Fund scheme. The New Fund Offer price is Rs 10 per unit. The investment objective of the scheme is to provide long term capital appreciation by investing predominantly in units of HSBC Global Investment Funds (HGIF) Asia Pacific Ex Japan Equity High Dividend Fund (HEHDF).


ICICI Mutual Fund renames its two open ended funds


ICICI Mutual Fund renames its two open ended Arbitrage schemes with effect from December 22, 2012. Accordingly, ICICI Prudential Equity and Derivatives Fund - Volatility Advantage Plan will be renamed to ICICI Prudential Equity - Volatility Advantage Fund and ICICI Prudential Equity and Derivatives Fund- Income Optimiser Plan to ICICI Prudential Equity - Arbitrage Fund. All the other provisions and features of the scheme remain unchanged.


HDFC Short Term Opp Fund: Change in Investment Objective


HDFC Mutual Fund has bought changes the investment objective of its open ended debt scheme - HDFC Short Term Opportunities Fund with effect from January 25, 2012. The revise objective of the scheme will be to generate regular income through investments in debt / money market instruments and government securities with maturities not exceeding 36 months. Investors are given an option to exit without paying the exit load between December 24, 2012 and January 24, 2013.


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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.



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