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SMC's Weekly Mutual Fund Update

SMC | 27 Jun, 2016  | Follow Author | Add to my Favourites 
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Highlights:


HDFC Mutual Fund introduces FMP 1128D June 2016 (1) scheme


HDFC Mutual Fund has launched the HDFC FMP 1128D June 2016 (1), a close ended income scheme. The NFO opens for subscription on June 21, 2016 and closes on June 28, 2016. The investment objective of the scheme is to generate income through investments in Debt / Money Market Instruments and Government Securities maturing on or before the maturity date of the respective Plan(s).


ICICI Pru MF introduces Capital Protection Oriented Fund-Series X-1375 Days Plan B


ICICI Prudential Mutual Fund has launched the ICICI Prudential Capital Protection Oriented Fund-Series X-1375 Days Plan B, a close ended income scheme. The NFO opens for subscription on June 21, 2016 and closes on July 05, 2016. The investment objective of the scheme is to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The debt securities would mature on or before the maturity of the Scheme.


ICICI Pru MF introduces Fixed Maturity Plan-Series 79-1130 Days Plan E


ICICI Prudential Mutual Fund has launched the ICICI Prudential Fixed Maturity Plan-Series 79-1130 Days Plan E, a close ended income scheme. The NFO opens for subscription on June 22, 2016 and closes on June 27, 2016. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/ debt instruments maturing on or before the maturity of the Scheme.


ICICI prudential MF announces change in SIP facility under its 2 schemes


ICICI Prudential Asset Management Company has announced changes in SID and KIM of ICICI Prudential Value Discovery Fund and ICICI Prudential Focused Bluechip Equity Fund. As per the announcement, minimum number of installments under monthly Systematic Investment Plan of ICICI Prudential Value Discovery Fund and ICICI Prudential Focused Bluechip Equity Fund has been changed from 12 installments to 6 installments with effect from June 23, 2016. All the other provisions of the SID/KIM except as specifically modified herein above remain unchanged.


ICICI Prudential Mutual Fund changes exit load structure


ICICI Prudential Mutual Fund has changed exit load structure of ICICI Prudential Advisor Series - Dynamic Accrual Plan (Savings Oriented Solution) and ICICI Prudential Advisor Series - Cautious Plan (Savings Oriented Solution) with effect from June 27, 2016. The revision in exit load shall be applicable on a prospective basis to all the transactions including Lump sum, Systematic Investment Plan, and Systematic Withdrawal Plan where registrations/enrollments have been done on or after the effective date. All the other provisions of the SID/KIM except as specifically modified herein above remain unchanged.


Reliance Mutual Fund introduces R* Shares Long Term Gilt ETF scheme


Reliance Mutual Fund has launched the R* Shares Long Term Gilt ETF, an open ended other ETF scheme. The NFO opens for subscription on June 27, 2016 and closes on July 01, 2016. The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 8-13 yr G-Sec Index before expenses, subject to tracking errors.


Reliance Mutual Fund introduces Fixed Horizon Fund XXXI-Series 4


Reliance Mutual Fund has launched the Reliance Fixed Horizon Fund XXXI-Series 4, a close ended income scheme. The NFO opens for subscription on June 21, 2016 and closes on June 28, 2016. 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.


Birla Sun Life Mutual Fund files offer document for Resurgent India Fund-Series 1 & 2


Birla Sun Life Mutual Fund has filed offer document with SEBI to launch a close ended equity scheme as “Birla Sun Life Resurgent India Fund-Series 1 & 2”. The New Fund Offer price is Rs 10 per unit. The investment objective of the scheme is to provide capital appreciation by investing primarily in equity and equity related securities that are likely to benefit from recovery in the Indian economy.


UTI Mutual Fund files offer document for Equity Savings Fund


UTI Mutual Fund has filed offer document with SEBI to launch an open-ended equity oriented scheme as “UTI-Equity Savings Fund”. The New Fund Offer price is Rs 10 per unit. The investment objective of the scheme is to generate income by investing in fixed income securities and using arbitrage and other derivative Strategies. The Scheme also intends 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 Dual Advantage Fixed Term Fund Series III-II (1278 Days)

 

UTI Mutual Fund has launched the UTI-Dual Advantage Fixed Term Fund Series III-II (1278 Days), a close endedincome scheme. The NFO opens for subscription on June 21, 2016 and closes on July 05, 2016. The investment objective of the scheme is to generate income and reduce interest rate volatility by investing in fixed income securities that are maturing on or before the date of maturity of the Scheme and generate capital appreciation by investing in equity and equity related instruments.


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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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