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MF Weekly: Mutual Funds invest Rs2700 cr in stock market in Aug

SMC | 13 Sep, 2016  | Follow Author | Add to my Favourites 
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Highlights:


Mutual Funds invest Rs 2,700 cr in stock market in Aug


Mutual fund managers pumped in over Rs 2,700 crore in equity markets in August after witnessing outflows in the preceding two months. With latest inflow, total investment in stock markets have reached Rs 9,170 crore in current fiscal so far (Apr-Aug). Industry insiders attributed latest inflow to positive investors' sentiment that was boosted after long-stalled GST Constitution Amendment Bill was passed in both houses of Parliament last month. As per a data released by Securities and Exchange Board of India (Sebi), mutual fund managers invested a net sum of Rs 2,717 crore last month. Prior to that, fund managers had pulled out Rs 120 crore from markets in the preceding two months (June-July). They had infused Rs 7,149 crore in equities in May while they withdrew Rs 575 crore in April.


Reliance Mutual Fund introduces Fixed Horizon Fund


Reliance Mutual Fund has launched the Reliance Fixed Horizon Fund XXXI-Series 13, a close ended income scheme. The NFO opens for subscription on September 12, 2016 and closes on September 14, 2016. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme's performance will be benchmarked against Crisil Composite Bond Fund Index and its fund manager is Amit Tripathi. The investment objective of the scheme is to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility of Central and State Government securities and other fixed income/ debt securities


ICICI Prudential Mutual Fund has filed offer document with SEBI to launch a close - ended income fund scheme


ICICI Prudential Mutual Fund has filed offer document with SEBI to launch a close - ended income fund scheme as “ICICI Prudential Multiple Yield Fund-Series 12”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be Nil for the scheme. The scheme offers Cumulative Sub-option and Dividend Suboption with only Dividend Payout facility and seeks to collect a Minimum Target Amount of Rs 20 Crore. The scheme's performance for plans with duration up to 13 months will be benchmarked against a mix of 90% of CRISIL Short Term Bond Fund Index & 10% of Nifty 50 Index, plans with duration more than 13 months and up to 1100 days will be benchmarked against a mix of 85% of CRISIL Short Term Bond Index & 15% of Nifty 50 Index, and plans with duration more than 1100 days and up to 60 months will be benchmarked against a mix of 80% of CRISIL Composite Bond Fund Index and 20% of Nifty 50 Index. The minimum application amount is Rs 5,000 & in multiples of Rs10 thereafter. The primary investment objective of the Scheme is to seek to generate income 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.


UTI Mutual Fund introduces FTIF Series XXV-VI (1098) days


UTI Mutual Fund has launched the UTI FTIF Series XXV-VI (1098 Days), a close ended income scheme. The NFO opens for subscription on September 08, 2016 and closes on September 20, 2016. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000. The investment objective of the scheme is to generate returns by investing in portfolio of fixed income securities maturing on or before the date of maturity of the scheme.


Kotak Mahindra Mutual Fund introduces FMP Series


Kotak Mahindra Mutual Fund has launched the Kotak FMP Series 198 (1102 days), a close ended income scheme. The NFO opens for subscription on September 08, 2016 and closes on September 14, 2016. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 20 crore. The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund manager is Deepak Agrawal. The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to reduce the interest rate risk. The Scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.


DSP BlackRock Mutual Fund introduces FMP-Series 200-36M


DSP BlackRock Mutual Fund has launched the DSP BlackRock FMP-Series 200-36M, a close ended income scheme. The NFO opens for subscription on September 08, 2016 and closes on September 22, 2016. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers are Laukik Bagwe, and Pankaj Sharma. 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 Scheme.


DSP BlackRock Mutual Fund introduces FMP-Series 1


DSP BlackRock Mutual Fund has launched the DSP BlackRock FMP-Series 199-36M, a close ended income scheme. The NFO opens for subscription on September 08, 2016 and closes on September 22, 2016. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers are Laukik Bagwe, and Pankaj Sharma. 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 Scheme.


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