Business Daily from THE HINDU group of publications
Sunday, Jan 11, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, Jan 11, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Investment World
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Mutual Funds Markets - Mutual Funds JM Financial Mutual Fund has revised the exit load structure under JM Income Fund. The scheme will charge an exit load of one per cent for amounts less than or equal to Rs one crore, if redeemed within 365 days from the date of investment. SEBI has approved Taurus Mutual Fund and its joint venture partner Parsoli Corporation to set up a Shariah-compliant mutual fund. The new fund will be an open-end scheme, which will invest only in shares of companies that are complaint with the Shariah laws. Canara Mutual Fund has withdrawn the facility of free personal accident insurance cover from January 5 2009. This facility was initially provided to an eligible investor of Canara Robeco Income Fund. Those who invested before the cut off date will still be covered by insurance based on the outstanding units in their account as on January 4. More Stories on : Mutual Funds | Mutual Funds
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