Top mutual fund news of the day- September 1, 2015

Reliance MF has launched a new fund named Reliance Fixed Horizon Fund, XXIX, Series 5, a close-ended income scheme

Reliance MF has launched a new fund named Reliance Fixed Horizon Fund, XXIX, Series 5, a close-ended income scheme with the duration of 1,113 days from the date of allotment.

Axis MF has changed the exit load under Axis Short Term Fund w.e.f.August 28. The revised exit load will be 0.25% if redeemed within one month from the date of allotment.

UTI MF has launched a new fund named UTI Nifty Exchange Traded Fund, an open-ended exchange traded fund. The new fund offer (NFO)price for the scheme is Rs. 10 per unit.

SBI MF has launched a new fund named SBI Debt Fund Series B-25 (1,100 days), a close-ended debt scheme. The new fund offer (NFO) price for the scheme is Rs. 10 per unit. 

DoubleLine Capital, the investment firm overseen by Jeffrey Gundlach, on Monday opened a new mutual fund to give investors exposure to commodities markets and help them diversify.

About 43% of U.S. households owned mutual funds in mid-2014, compared to roughly 4% holding ETFs, notes Credit Suisse Group AG (ADR). Dana Saporta and Axel Lang of Credit Suisse’s Economics Research team in their August 27, 2015 research report “US Economics Digest” point out that mutual fund flows moderated in 2014 and during the first half of this year.