Business Daily from THE HINDU group of publications
Sunday, Feb 15, 2009
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Business Daily from THE HINDU group of publications Sunday, Feb 15, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Investment World
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Mutual Funds Markets - Mutual Funds AIG Global Investment Group Mutual Fund has changed the nomenclature of AIG India treasury Plus Fund to AIG India Treasury Fund. The changes in the name will take effect from February 16.The other features of the scheme will remain unchanged. Reliance Mutual Fund has announced new feature under its systematic investment plan. Under the new scheme investors can start the facility of SIP directly without any initial investment and can submit the application for SIP on any working day. Investors can choose any day of the month - 2, 10, 18 or 28. The application should however be submitted at least 21 working days before the required SIP date. ING Mutual Fund has announced the merger of its two schemes; ING OptiMix Active Short Term Fund will be merged into ING Optimix Active Debt Multi Manager FOF Scheme. The retail and institutional plan, dividend and growth option of the Active Short Term Fund will now be merged into the Active Debt Multi Manager FOF scheme. The investment objective and asset allocation pattern of the Active Debt Multi Manager FOF scheme will prevail. All the unit holders of Active Short Term Fund will become the unit holders of Active Debt Multi Manager Scheme with effect from March 7. The sale of units under Active Short Term Fund will stand suspended from March 8, 2009. More Stories on : Mutual Funds | Mutual Funds
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