UTI Mutual Fund has launched a new fund as UTI Capital Protection Oriented Scheme – Series IV – II (1104 Days), a close ended capital protection oriented income scheme. The investment objective of the scheme is to endeavor to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as secondary objective.
The new fund offer (NFO) will be open for subscription from September 08 to September 22, 2014. The new fund offer price for the scheme is Rs 10 per unit. The duration of the scheme is 1104 days from the date of allotment.
The scheme offers growth and dividend (payout) options under both regular sub plan and direct sub plan.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The entry and exit load charge will be not applicable for the scheme.
The scheme shall invest 70-100% of assets in debt & money market instruments with low to medium risk profile and up to 30% in equity & equity related instruments with medium to high risk profile.
The benchmark Index for the scheme is CRISIL MIP Blended Index.
The fund manager for the scheme is Sunil Patil.
Equity Mutual funds closed with mixed returns as the equity benchmarks on Tuesday retreated from record closing high seen in previous session but the broader markets outperformed with the BSE Midcap and Smallcap indices rising 0.5 percent and 0.3 percent, respectively. Capital goods, realty, technology, oil & gas and two-wheeler stocks saw selling pressure while … Continue reading
Date Fund Fund Abbreviation NAV Chg Chg % 9/9/2014 PUBLIC AGGRESSIVE GROWTH FUND PAGF 0.6862 0.0005 0.07% 5/9/2014 PUBLIC ASIA ITTIKAL FUND PAIF 0.2877 -0.0007 -0.24% 9/9/2014 PUBLIC AUSTRALIA EQUITY FUND PAUEF 0.2883 0.0003 0.10% 9/9/2014 PUBLIC BALANCED FUND PBF 0.6910 0.0014 0.20% 9/9/2014 PUBLIC BOND FUND PBOND 0.9413 0.0003 0.03% 10/9/2014 PUBLIC CASH DEPOSIT … Continue reading
Equity Mutual Funds advanced as Equity benchmarks continued to see hefty buying interest for the second consecutive session on Tuesday and managed to recoup all losses (in two days) seen in last Friday’s trade. Indices gained strength in last couple of hours of trade as they discounted the news of no change in policy rates … Continue reading
Date Fund Fund Abbreviation NAV Chg Chg % 5/8/2014 PUBLIC AGGRESSIVE GROWTH FUND PAGF 0.6905 0.0014 0.20% 5/8/2014 PUBLIC ASIA ITTIKAL FUND PAIF 0.2887 -0.0009 -0.31% 5/8/2014 PUBLIC AUSTRALIA EQUITY FUND PAUEF 0.2823 -0.0028 -0.98% 5/8/2014 PUBLIC BALANCED FUND PBF 0.6862 -0.0002 -0.03% 5/8/2014 PUBLIC BOND FUND PBOND 0.9369 0.0004 0.04% 5/8/2014 PUBLIC CHINA ACCESS … Continue reading
Edelweiss Mutual Fund has announced dividend under the regular plan – dividend option & direct plan – dividend option of Edelweiss Select Midcap Fund, an open-ended equity scheme. The record date for declaration of dividend is August 01, 2014. The quantum of dividend will be Re. 0.50 per unit under each option on the face … Continue reading
Canara Robeco Mutual Fund has announced dividend under Canara Robeco Balance and Canara Robeco F.O.R.C.E Fund. The record date for declaration of dividend is July 25, 2014. The quantum of dividend on the face value of Rs 10 per unit will be: Canara Robeco Balance – Regular Plan & Direct Plan – Quarterly Dividend Option: … Continue reading