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Mutual Fund News for Today (February 1st 2010) -- Evening Edition

GENERAL
1.IDFC Mutual Fund introduces Daily SIP facility under all schemes.

IDFC Mutual Fund has decided to introduce Daily Systematic Investment Plan (SIP) for all the schemes under which SIP facility is already available. Daily SIP facility will be available only on mutual fund business day. The minimum number of installments under the SIP facility shall be six. All the other features like minimum SIP amount, load structure, applicable NAV, etc. shall remain the same for as set out in the offer document and scheme information document of the respective schemes. This facility will be available for the investors with effect from 01st February, 2010.

News Source - MUTUAL FUND INDIA.

NEW FUND LAUNCH

2.Fortis Fixed Term Fund - Series 16 C.

This scheme is a Close Ended Income scheme. The new fund offer starts from 1st February, 2010 to 2nd February, 2010.

News Source - AMFI.

 

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