A quick wrap up of mutual fund industry: June 22, 2011

Posted By:
Subscribe to GoodReturns

A quick wrap up of mutual fund industry
Mutual Fund News as on June 22, 2011

Religare FMP – Series VIII – Plan C: Extension of NFO

Religare Mutual Fund has announced that, the Closing date of New Fund Offer of Religare FMP- Series VIII - Plan C (370 Days) has been extended from June 21, 2011 to July 4,2011.

Canara Robeco Equity Diversified offer units through NSE

Canara Robeco Mutual Fund, the part of Canara Robeco Asset Management Company has announced that with effect from June 22, 2011, units of Canara Robeco Equity Diversified Fund will be available for transaction through Mutual Fund Service System (MFSS) platform of NSE.

HDFC Mutual Fund revises exit Load under HDFC Floating Rate Income Fund – Long Term Plan

HDFC Mutual Fund has revised exit load structure for HDFC Floating Rate Income Fund – Long Term Plan, with effect from June 24, 2011.

The revised exit load will be 2 percent if redeemed or switched out within 12 months from the date of allotment and Nil if redeemed or switched out after 12 months from the date of allotment.

Earlier exit load used to be 3 percent if redeemed or switched out within 18 months from the date of allotment and Nil if redeemed or switched out after 18 months from the date of allotment.

Fidelity Mutual fund revises exit load under Fidelity Ultra Short Term Debt Fund

Fidelity Mutual Fund has revised exit load structure under Fidelity Ultra Short Term Debt Fund, with effect from June 23, 2011.

The revised exit load of 0.50 percent will be charged if the units are redeemed within 3 months from the date of allotment or purchase applying first in first out basis.

Earlier exit load used to be 0.10 percent if redeemed within 5 calendar days from the date of allotment or Purchase applying First in First out basis.

OneIndia Money

Read more about: mutual funds, nfo, fmp, religare, hdfc, fidelity
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'