Baroda Pioneer Fund files offer document with SEBI for Baroda Pioneer Sensex Plus Fund, an open ended index scheme. The New Fund Offer price is Rs 10 per unit.

Entry load charge will be nil for the scheme and exit load 1% if redeemed on or before 365 days from the date of allotment of units. NIL, if redeemed after 365 days from the date of allotment of units. The scheme offers dividend payout and growth option. The scheme seeks to collect a Minimum Target Amount of Rs 10 crore.

The scheme will be benchmarked against CRISIL BSE Sensex. The minimum application amount is Rs 10000 and in multiple of Rs 1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in the equity and equity related securities of companies which form part of BSE Sensex.

Mutual Funds (MFs) made investments worth Rs 429.90 crore and sold off Rs 511.90 crore worth of equities on October 13, 2011, according to data released by the Securities and Exchange Board of India (SEBI). Thus, MFs stood as net sellers of Rs 82.00 crore in equities on that day.

In the month of October, MFs have made total investments of Rs 4795.30 crore and sold off Rs 4199.90 crore worth of equities, so far.

In the debt segment, MFs made investments of Rs 2479.80 crore and sold off Rs 1969.50 crore on October 13, 2011 as per the details available with SEBI. Thus MFs stood as buyers of Rs 510.30 crore on that day.

Further, MFs have poured in total Rs 33915.70 crore and have taken out Rs 20003.50 crore in debt market for the month of October, so far.

Sundaram Mutual Fund has announced the New Fund Offer (NFO) Sundaram Fixed Term Plan - BL, a close ended income scheme.

The NFO opens for subscription on October 10, 2011 and closes on October 17, 2011. No entry and exit load is applicable for the scheme. The duration of the scheme will be 366 days from the date of allotment. The scheme offers dividend and growth option.

The scheme will be benchmarked against CRISIL Short-Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiple of Rs 1 thereafter.

The investment objective of the scheme is to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.

IDFC Mutual Fund has announced the New Fund Offer (NFO) IDFC FMP Yearly Series 52, a close ended income scheme.

The NFO opens for subscription on October 19, 2011 and closes on October 20, 2011. Entry and exit load charge will be nil for the scheme. The scheme offers dividend and growth option.

The scheme will be benchmarked against CRISIL Composite Bond Fund Index. The minimum application amount is Rs 10000 and in multiple of Rs 10 thereafter.

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

DSP BlackRock Mutual Fund has unveiled new scheme named as DSP BlackRock FMP - Series 16 - 12M, close-ended income scheme, with a maturity profile of 12 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 14 October and close on 17 October 2011.

The primary investment objective of the scheme is to seek capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the scheme. The scheme may also use fixed income derivatives for hedging and portfolio balancing.

Options offered: Options - Growth (Option A) & Dividend Payout (Option B)

Loads: Entry Load - NIL

The scheme will invest upto 100% in debt securities and money market securities. Total gross exposure in debt, money market securities and derivatives shall not exceed 100% of the net assets of each scheme. No Scheme shall invest in securitized debt. No Scheme shall invest in fixed income derivatives instruments and in foreign debt

The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry and exit load charge will be nil for the scheme.

Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index.

Taurus Mutual Fund has revised the exit load of Taurus Nifty Index Fund with effect from 12 October 2011. The revised exit load will be 0.5% for redemptions or switch outs made within 6 months from the date of allotment.

Under the earlier provision the exit load was 0.5% for redemptions or switch outs made within 7 days from the date of allotment.

Taurus Nifty Index Fund is an open ended index linked equity scheme which has the investment objective to replicate the S&P CNX Nifty Index by investing in securities of the CNX Nifty Index in the same proportion / weightage.

Tata Mutual Fund has launched a new fund named as Tata Retirement Savings Fund, an open ended fund comprising three plans i.e. Progressive Plan, Moderate Plan and Conservative Plan. The New Fund Offer (NFO) price for the scheme is Rs. 10 per unit. The new issue which is open for subscription from 7 October 2011 will close on 21 October 2011. Retirement is one of the most important stages in an individual's life. With problems of inflation, increased medical expenses and no regular salary slip, an individual investor would be exposed to the risk of not being able to provide for his regular expenses in his retirement years. A recent newspaper article stated that the approximate number of senior citizens has already gone up from 71 million in 2001 to 100 million in 2011 which is 14% of the population.

With this background, Tata Mutual Fund has launched India's first ever Retirement specific mutual fund scheme with auto switch facility, called Tata Retirement Savings Fund, the fund is a carefully structured suite of plans designed to meet the investment needs of investors in different age brackets. It offers three unique options to investors - Progressive Plan, Moderate Plan and Conservative Plan - with varied percentage of equity and debt assets.

The minimum investment amount for the fund is Rs 5,000 along with an SIP option that entails a minimum Rs 500 per month.

Announcing the NFO, Mr. Sanjay Sachdev, President & CEO of Tata Asset Management Limited, said: ~Tata Retirement Savings Fund is specifically designed keeping in mind the young and middle aged working generation. The fund is tailor-made to support the monetary needs of investors post their retirement so that they can meet the 30:30 challenge. With increasing life expectancy, one can assume a post retirement life of 30 years after 30 earning years. The challenge clearly is the ability to maintain the same life style post retirement. ~This may sound like future shock, but it is the reality of life. Therefore it is very crucial to plan for retirement.~ he said.

Tata Retirement Savings Fund comes with a unique ~Auto-Switch~ feature which does away the hassles of adjusting the equity-debt proportion with increasing age. Normally, an investor depends on his advisor for switching assets between equity and debt with increasing age. In case of Tata Retirement Savings Fund, however, the investor has the facility of an ~'uto-Switch' feature where the fund does the necessary asset allocation automatically as the investor crosses into a different age bracket.

Yet another unique feature of the fund is the 'Auto-Systematic Withdrawal' facility. This is designed with the objective of providing the investors with regular cash flows after they turn 60. The 'Auto-Systematic Withdrawal' facility comes with two options of Monthly - 1% of market value of investment as on date of completion of 60 years of age or Quarterly - 3% of market value of investment as on date of completion of 60 years of age.

Axis Mutual Fund has announced the availability of Micro SIP under Axis Gold Fund during New Fund Offer (NFO) period of the scheme. The NFO closes on October 14, 2011.

Further, the fund house has introduced Easy SMS Facility (mobile transaction facility) for open ended schemes of Axis Mutual Fund except for Axis Gold ETF with effect from October 17, 2011.

Mutual Funds (MFs) made investments worth Rs 528.10 crore and sold off Rs 424.40 crore worth of equities on October 5, 2011, according to data released by the Securities and Exchange Board of India (SEBI). Thus, MFs stood as net buyers of Rs 103.70 crore in equities on that day.

In the month of October, MFs have made total investments of Rs 1474.00 crore and sold off Rs 1698.50 crore worth of equities, so far.

In the debt segment, MFs made investments of Rs 5556.40 crore and sold off Rs 4141.40 crore on October 5, 2011 as per the details available with SEBI. Thus MFs stood as buyers of Rs 1415.00 crore on that day.

Further, MFs have poured in total Rs 19175.30 crore and have taken out Rs 11295.20 crore in debt market for the month of October, so far.

Canara Robeco Mutual Fund has declared dividend under dividend options of Canara Robeco Equity Diversified Fund and Canara Robeco Balance Fund

The quantum of dividends will be Rs 1.00 per unit under Canara Robeco Equity Diversified Fund and Rs 1.50 per unit Canara Robeco Balance Fund as on record date. The record date for the dividend pay out has been fixed as October 14, 2011. The schemes recorded NAV of Rs 23.0300 per unit and Rs 50.4000 per unit, respectively as on October 7, 2011.

Reliance Mutual Fund has declared dividend under dividend payout option of Reliance Fixed Horizon Fund-XVIII-Series 8

The quantum of dividend per unit will be entire distributable surplus available in the scheme as on the record date. The record date for the dividend payout has been fixed as October 13, 2011. The scheme recorded NAV of Rs 10.3488 per unit as on October 5, 2011.

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

ING Mutual Fund has declared dividend under dividend option of ING Dividend Yield Fund on the face value of Rs 10 per unit.

The quantum of dividend per unit will be Rs 2 as on record date. The record date for the dividend payout has been fixed as October 13, 2011. The scheme recorded NAV of Rs 16.5600 per unit as on October 5, 2011.

ING Dividend Yield Fund is an open ended equity scheme which seeks to provide medium to long term capital appreciation and/ or dividend distribution by investing predominantly in equity and equity related instruments, which offer high dividend yield.

HDFC Mutual Fund, one of India's largest mutual funds house has launched HDFC Gold Fund (HGF), an open ended Fund of Fund to enable investors to invest systematically in gold, hedge their risks against market volatility and to effectively diversify their portfolio. The NFO will be open from 7 October 2011 to 21 October 2011.

Gold as an asset class has very low correlation with most other asset classes and the factor affecting other asset classes do not affect gold. Gold therefore forms an important part of an investor portfolio. By investing in gold through HGF, an investor can seek capital appreciation; diversify the portfolio without even having a demat account and also hedge the volatility of the equity markets. Gold Fund of Funds enables the investors to invest through a single investment or through Systematic Investment Plan (SIP) as per their convenience. The minimum denomination of investment is Rs 100.

The corpus collected through the NFO will be invested in HDFC GETF to seek capital appreciation. Investors can invest in HDFC Gold Fund through the regular subscription process and unlike Gold ETFs; there is no requirement for a Demat account to invest in this scheme. Investing in HGF in physical mode enables you to invest at a lower cost as the investor does not have to incur the charges for the demat account and brokerage.

As compared to physical gold and Gold ETF, investing in Gold Fund has many advantages. An investor does not have to worry about the purity or storing as in the case of physical Gold nor does the investor have to pay brokerage on buying and selling or maintain a demat account as in the case of Gold ETFs.

As per the recent figures released by Association of Mutual Fund in India (AMFI), HDFC Mutual fund has emerged as No 1. Mutual Fund house with Rs. 91,827. 11 crore Assets Under Management.

Reliance Mutual Fund has declared dividend under dividend payout option of Reliance Fixed Horizon Fund-XVIII-Series 8

The quantum of dividend per unit will be entire distributable surplus available in the scheme as on the record date. The record date for the dividend payout has been fixed as October 13, 2011. The scheme recorded NAV of Rs 10.3488 per unit as on October 5, 2011.

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

ICICI Prudential Mutual Fund has announced the New Fund Offer (NFO) ICICI Prudential Fixed Maturity Plan - Series 60 - 18 Months Plan A, a close ended debt scheme.

NFO opens for subscription on October 11, 2011 and closes on October 17, 2011. Entry and exit load charge will be nil for the scheme. The duration of the scheme will be 18 months from the date of allotment. The scheme offers dividend payout and cumulative option.

The scheme will be benchmarked against CRISIL Composite Bond Fund Index. The minimum application amount is Rs 5000 and in multiple of Rs 10 thereafter.

The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments which mature on or before the date of maturity of the scheme.