Archive for July 28th, 2010

Mutual Fund Draft Offer Document filings - July 28, 2010

The following is a list of mutual fund draft offer documents that are submitted for SEBI and are now put on SEBI website for public to offer their comments on the adequacy of disclosures.

Birla Sun Life FTP - Series CE to Series CK
Principal Pnb FMP - 182 Days - Series I
Principal Pnb FMP - 182 Days - Series II
Tata FMP Series 28
Tata Natural Resources Fund
UTI - Fixed Term Income Fund - Series IX

Add commentJuly 28th, 2010

LIC Mutual Fund is now LIC Nomura Mutual Fund

Yet another development in the Indian Asset Management industry. LIC Mutual Fund now becomes LIC Nomura Mutual Fund.
Life Insurance Corporation of India (LIC) holds 65% of the total paid up equity share capital and will continue as the sole sponsor of the fund. Nomura will hold the remaining 35%. Because of this development, the trustee company will be named as LIC Nomura Mutual Fund Trustee Company Pvt Ltd. This also means that the names of the schemes that are currently prefixed with LIC MF will be called as LIC Nomura MF.

Add commentJuly 28th, 2010



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