Comments
With effect from November 1, DSP BlackRock Mutual will deduct transaction charges on investments. An amount of Rs 150 will be charged for first-time investors for subscriptions above Rs 10,000. For investors who are not first time mutual fund investors with DSP BR, Rs 100 would be deducted on their investments. SIP transactions will undergo this charge if the total commitment towards SIP exceeds Rs 10,000. The charge, though, will be deducted in 3 or 4 instalments. However, there will be no transaction charges if purchases are made directly without any distributor or agent, or transactions are carried out on Stock Exchange Platforms.
Principal Mutual has changed the name of two of its schemes, Principal Monthly Income Plan and Principal Money Manager Fund, effective October 21. Principal Monthly Income Plan - MIP Plus will now be called Principal Debt Savings Fund. The exit load under Principal Debt Savings Fund will be 0.5 per cent if units are redeemed within 91 days of allotment. Principal Money Manager Fund has been renamed as Principal Retail Money Manager Fund.
HDFC Mutual Fund will launch a three-year FMP called HDFC FMP 36M October 2011(1). The new fund offer will be open for subscription from October 31 to November 9.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.