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Posts Tagged ‘mutual fund’

Mutual Funds

What is a mutual fund?

A mutual fund is a form of collective investment that pools money from many investors and invests their money in stocks, bonds, short-term money market instruments, and/or other securities.In a mutual fund, the fund manager trades the fund’s underlying securities, realizing capital gains or losses, and collects the dividend or interest income.

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ABN AMRO Mutual Fund is now Fortis Mutual Fund

The Asset Management part of the ABN AMRO group are transferred to the Fortis group as a part of an indirect change in the control of the ABN AMRO Asset Management India Pvt Ltd. The SEBI has given its no-objection for the same amd jemce the name change from ‘ABN AMRO’ to ‘Fortis’.

A window period from October 10, 2008 to November 9, 2008 without any exit load is available (except for the ABN AMRO Tax Advantage Plan).

Religare Aegon Files Offer Document With Sebi

Religare Aegon Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Liquid Fund. It is an open-ended liquid scheme. The face value of the new issue will be Rs 10 per unit.

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UTI Mutual Fund to open 200 branches across the country by next fiscal

UTI Mutual Fund is all set to open around 200 branches across the country by March, next fiscal.

The company aims to further expand its distribution network from 97 UTI Financial centers to 200 centers covering around 422 districts.

According to the company, it will open new UTI Financial Centre in Anantnag, Baramulla, Doda, Jammu, Kathua, Kupwara, Kargil, Ladakh, Poonch, Pulwama, Rajouri, Srinagar and Udhampur, to focus on service sector in Jammu and Kashmir.

The latest move is in line with company’s strategy of making its products and services easily accessible to its clients.

UTI Mutual Fund is a SEBI registered mutual fund whose sponsors are State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.

UTI Mutual Fund has assets under management of Rs 46,947.32 crore under its 95 domestic plans as of August 31, 2008.

UTI Mutual Fund to continue selling ULIP

UTI Mutual Fund today said it will continue selling Unit Linked Insurance Product (ULIP) to its customers even though there is no clarity on the issue of fund houses selling such products.

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Say Goodbye to your Mutual Fund if…

goodbye mutual fundWhile there may be several occasions to redeem your mutual fund investment, here are the five most pervasive reasons.

1. When you have achieved your investment objective

A mutual fund investment is made with the intent of achieving a specific investment objective.

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Quantum Index Fund (QIF)

Not sure which stock to buy? Unsure about which mutual fund will beat the market? Don’t worry. Take the simpler and cost-effective route. Opt for an Index ETF.

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