Business Daily from THE HINDU group of publications
Sunday, Apr 06, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Sunday, Apr 06, 2008 ePaper | Mobile/PDA Version |
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Investment World
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Mutual Funds Markets - Mutual Funds Birla Sun Life Mutual Fund has announced a revision in the exit load charged under Birla Dynamic Bond Fund, with effect from April 2. As per the new proposal an exit load of 2 per cent for units redeemed within 180 days of allotment will be charged. At present, the exit load is 0.20 per cent for redemption made within 30 days from the date of allotment. Religare AEGON AMC has appointed Mr Ashish Nigam as Head of Fixed Income. Prior to joining Religare, he was Head –Fixed Income DBS Cholamandalam. Reliance Mutual Fund has fixed an upper limit of Rs 5 lakh per application for fresh subscription into Reliance Natural Resource Fund effective April 15. However, the limit shall not be applicable for SIP/STP transaction already registered before April 15 or reinvestment of dividend under dividend reinvestment plan. Fidelity has announced the launch of Fidelity online, www.fidelity.co.in , a financial gateway that will help investors learn and plan as well as transact and track their investments in Fidelity funds. The investors will be able to invest, redeem and switch their lump-sum and SIP investments online following a short registration process. Taurus Asset Management Company has appointed Mr Sanjay Parikh as Chief Operating Officer. Prior to joining Taurus, he served with Aditya Birla group for 13 years, which included two years as CFO of Birla Sun Life AMC and six years with Birla Sun Life Insurance. Optimix has announced a change in exit load under the Optimix Multi Manager Equity Fund with effect from April 3. As per the new provision, investment less than Rs 5 crore will have an exit load of 0.50 per cent if redeemed before expiry of six months from the date of investment. For investments greater than or equal to Rs 5 crore the exit load is nil. More Stories on : Mutual Funds | Mutual Funds
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