• UTI MF changes benchmark index of its banking sector fund

    Wed, 05/19/2010 - 10:37 — admin

    UTI Mutual Fund has announced a change in the benchmark index of UTI-Banking Sector Fund with effect from May 13, 2010. Accordingly, the benchmark index has been changed from S&P CNX Banks Index to CNX BANK Index.

    Investment objective of the scheme is capital appreciation through investments in the stocks of the companies/institutions engaged in the banking and financial services activities.

  • Deutsche Mutual Fund to revise exit load under various schemes

    Wed, 05/19/2010 - 10:36 — admin

    Deutsche Mutual Fund has decided to revise the exit load under various schemes.

    The existing load structure under DWS Cash Opportunities Fund - All plans, an exit load of 0.25% is payable if investment is redeemed/switched out within 30 days of allotment, while as per revised provision an exit load of 1% is payable if the investment is redeemed/switched out within 45 days of the allotment.

  • L&T MF appoints director and trustee director

    Wed, 05/19/2010 - 10:36 — admin

    L&T Mutual Fund has appointed R H Patil as a new director of the asset management company.

    The fund house has also appointed Yeshwant M Deosthalee as trustee director on the place of M A Alagappan.

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