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Mutual Fund News |
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Axis Mutual Fund revises exit load structure under its scheme (On Apr 9 , 2010) |
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Axis Mutual has revised the exit load structure under its scheme Axis Short Term Fund. As per the revision scheme will not charge any exit load. Currently the scheme charges 0.25 per cent exit load if the investment are redeemed within 3 months from the date of allotment. The revision will be effective from 12th April 2010. Axis Short Term Fund is an open ended debt scheme with the investment objective to generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. The scheme is managed by Mr. Ninad Deshpande and benchmarked against CRISIL Short- Term Bond Fund. |
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| UTI Fund announces dividend under UTI Short Term Income Fund (On Apr 8 , 2010) |
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UTI Mutual Fund has declared dividend under its scheme, UTI Short Term Income Fund. The quantum of dividend decided for distribution is 0.99 per cent that is Rs 0.099 per unit on the face value of Rs. 10 per unit. The record date decided for distribution of dividend is 12th April, 2010. UTI Short Term Income Fund is an open ended income scheme with the investment objective to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of money market securities and high quality debt. The scheme is managed by Mr. Sanjeev Bhasin and Mr. Puneet Pal and is benchmarked against CRISIL Short-Term Bond Fund Index. |
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Bharti AXA Mutual Fund changes minimum investment amount under its scheme (On Apr 7 , 2010) |
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Bharti AXA Mutual Fund has decided to change minimum investment amount for Bharti AXA Liquid Fund - Super Institutional Plan. As per the revision, minimum investment amount will now be Rs. 5 crore. The change is effective from 07th April 2010. Bharti AXA Liquid Fund is an open ended liquid scheme with investment objective to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments. The scheme is managed by Mr. Ramesh Rachuri and benchmarked against CRISIL Liquid Fund Index. |
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Sundaram BNP Paribas Mutual Fund introduces weekly SIP and STP facility under all open ended schemes (On Apr 5 , 2010) |
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Sundaram BNP Paribas Mutual Fund has decided to introduce Weekly Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) for all open ended schemes. The weekly SIP and STP facility will be available only on Wednesday of every week. If Wednesday is not a business day, the SIP installment will be processed on the next mutual fund business day. This facility will be available for the investors with effect from 01st April, 2010. |
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| JP Morgan Fund announces dividend under JP Morgan India Alpha Fund (On Apr 5 , 2010) |
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JP Morgan Mutual Fund has declared dividend under its scheme, JP Morgan India Alpha Fund. The quantum of dividend decided for distribution is 2 per cent that is Rs 0.20 per unit on the face value of Rs. 10 per unit. The record date decided for distribution of dividend is 05th April, 2010. JPMorgan India Alpha Fund is an open ended equity arbitrage scheme with investment objective to generate income and long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives. The scheme is benchmarked against CRISIL Liquid Fund Index. |
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| Sundaram BNP Paribas Mutual Fund introduces weekly SIP and STP facility under all open ended schemes (On Apr 5 , 2010) |
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Sundaram BNP Paribas Mutual Fund has decided to introduce Weekly Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) for all open ended schemes. The weekly SIP and STP facility will be available only on Wednesday of every week. If Wednesday is not a business day, the SIP installment will be processed on the next mutual fund business day. This facility will be available for the investors with effect from 01st April, 2010. |
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