Mutual Funds News:
UTI Mutual Fund on Wednesday launched new features for their customers on the mobile.
ING Mutual Fund has revised the minimum application amount of ING Tax Savings Fund.
FIDELITY International’s Indian asset management com pany on Wednesday announced the launch of its Fidelity Wealth Builder Fund, an open ended fund offering asset allocation options with three plans. The investment objective of the fund is to seek to generate reasonable returns based on the plan selected with minimum and maximum asset allocation between debt and equity, it said in a statement. This is a zero entry load Fund with free switching between plans permitted. The NFO will be open from January 14 to February 5. The Fund would open for ongoing purchases and redemptions from March 2.
HSBC MF has discontinued the daily dividend option under HSBC floating rate long-term plan.
DSP BlackRock MF has revised the minimum application amount under liquid and debt categories.
Vineet Vohra, MD and CEO, has resigned from the Board of ING Investment Management.
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