NEW FUND OFFER
Tata Mutual Fund files offer document with Sebi to launch Tata Fixed Maturity Plan Series 36, a close ended debt fund. It comprises of 3 schemes namely Scheme A, Scheme B and Scheme C. The investment objective of the schemes is to generate income and / or capital appreciation by investing in wide range of Debt and Money Market instruments having maturity in line with the maturity of the respective schemes. The maturity of all investments shall be equal to or less than the maturity of respective schemes.
News Source – NAV INDIA.
The markets may be on a slippery wicket but equity mutual funds (MFs) are steadily recovering lost ground on the back of robust sales and lower redemptions from investors. After witnessing steady outflows ever since the ban on entry loads came into force in August 2009, the category has seen net inflows for the third consecutive month in February.
News Source – TIMES OF INDIA.
NEW FUND LAUNCH
Axis Mutual Fund has launched Axis Fixed Term Plan – Series 13 (370 days), a close ended income scheme. The new issue is open for subscription from 14th March and closes on 22nd March 2011.
News Source – AMFI INDIA.