ICICI Pru MF launches CNX 100 ETF
ICICI Prudential Mutual Fund launched ICICI Prudential CNX 100 ETF, an open ended index exchange traded fund with the objective to ‘provide returns before expenses that closely correspond to the total return of the underlying index, subject to tracking errors.’ The scheme’s units will be eligible security under Rajiv Gandhi Equity Savings Scheme. The NFO period is from July 19 till August 16, 2013. The scheme will be managed by Kayzad Eghlim
Changes in scheme offering
ICICI Prudential Mutual Fund has informed that quarterly dividend option will be available under the dividend option of ICICI Prudential Blended Plan - Plan B from July 26, 2013.
ICICI Prudential Mutual Fund revised the maximum investment amount per investor across all folios on the basis of cumulative cost under ICICI Prudential Equity-Arbitrage Fund to Rs 1 cr from July 26, 2013.
Birla Sun Life Mutual Fund has removed the maximum limit on amount per lumpsum investment in Birla Sun Life Medium Term Plan and Birla Sun Life Short Term Opportunities from the previous limit of Rs 1 crore from July 26, 2013.
Changes in exit load and dividend declared
ICICI Prudential Mutual Fund has changed the exit load charged under ICICI Prudential Banking and PSU Debt Fund from July 22, 2013. Units redeemed/ switched out within 15 days of allotment of units, will be charged exit load at 0.25% and nil thereafter.
Birla Sun Life Mutual Fund begun charging an exit load of 0.90% instead of no load charged earlier under Birla Sun Life Ultra Short Term Fund on investments redeemed within 90 days and 1% from 0.50% under Birla Sun Life Short Term Opportunities Fund on investments redeemed within 365 days from July 26, 2013.
Baroda Pioneer Mutual Fund will begin charging an exit load of 0.50% under Baroda Pioneer PSU Bond Fund from July 29, 2013 if units are redeemed on or before 6 months from the date of allotment.
Indiabulls Mutual Fund has stopped charging any exit load in Indiabulls Gilt Fund from the previous 0.50 per cent (on redemptions within 90 days). The change shall be effective from July 26, 2013.
Canara Robeco Mutual Fund has declared dividend under the following schemes: Canara Robeco Balance (direct and regular plan): Rs 1 per unit and Canara Robeco F.O.R.C.E. Fund Rs 0.85 per unit. The record date for the same has been set as July 26, 2013.
