MF News Buzz Update for 14 Jul

Latest news buzz update for mutual fund industries in India.

• Birla Sun Life Mutual Fund has filed offer document with Sebi to launch Birla Sun Life Capital Protection Oriented Fund – Series 7 to 9, a close ended Capital Protection Oriented scheme. The scheme has been rated mfAAA (so) by Crisil. More …
• UTI Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of UTI Fixed Income Interval Fund – Series II Quarterly Interval Plan IV. The record date for dividend has been fixed as 19 July 2010. More …
• Mutual funds (MFs) sold shares worth a net Rs 136.60 crore on Monday, 12 July 2010 as against an inflow of Rs 0.50 crore on Friday, 9 July 2010. More …
• The Securities and Exchange Board of India (Sebi) is planning a standard set of disclosures for mutual fund fact sheets, advertisements and scheme information documents (SID). This will not only give a clearer picture about the performance of the schemes, but will also help investors compare similar schemes of different fund houses. More …
• UTI Mutual Fund (UTI MF) launches the largest Investor Education Initiative called “Swatantra” for creating awareness about the concepts of financial planning and benefits of investing in mutual funds. As a part of this initiative three UTI Knowledge Caravans will travel through the length and breadth of the country for spreading financial literacy. More …
• SBI Mutual Fund has announced the revision of exit load structure for SBI Blue Chip Fund. The changes will be effective from 14 July 2010. More
• ICRA has reaffirmed the credit risk rating of mfA1+ (pronounced m f A One plus) to Fidelity Cash Fund and Fidelity Ultra short Term Debt Fund. The rating indicates that the underlying portfolio has the lowest credit risk in the short term and highest protection against credit losses. More …

NFO – Benchmark Short Term Fund

Benchmark Mutual Fund came up with an open ended income fund which launched on 29^th Jun 2010 and will close on 12^th Jul 2010.

New Fund Offer specifications are as follows:

Benchmark Mutual Fund
Scheme	Name	Benchmark Short Term Fund
	Objective	The investment objective of the Scheme is to enhance returns with minimum risk by investing in a portfolio of money market and debt instruments while maintaining the safety and liquidity.
	Type	Open Ended
	Category	Income
	Manager	Payal Kaipunjal
Date	Launch	29th Jun 2010
	Closure	12th Jul 2010
	Re-Opens	Within 30 days of closure
Load Structure	Entry Load	Nil
	Exit Load	Nil
Offer Price (INR/Rs.)	10
Minimum Subscription Amount	Rs. 10,000/- and in multiples of Re. 1/- thereafter
Benchmark	CRISIL Liquid Fund Index
Type of Asset / Instruments	Debt Instruments having residual maturity upto 1 year	0 to 100 % (Low Risk)
	Debt Instruments having a residual maturity between 1 year and 3 years	0 to 50 % (Low Risk)
Plans/Options	Growth Option Dividend Reinvestment Option
Further Details	http://www.benchmarkfunds.com/

Document Details:

Offer/Scheme information document	Access Here
Application form	–
Statement of Additional Information (SAI)	Access Here

It is highly recommended to thoroughly go through the offer document before making any investment.