Top mutual fund news of the day- September 8, 2015

The mutual fund industry witnessed a drop of nearly 5 per cent in assets under management (AUM) to Rs 12.55 lakh crore in August.

The mutual fund industry witnessed a drop of nearly 5 per cent in assets under management (AUM) to Rs 12.55 lakh crore in August, mainly on account of fall in inflow into such schemes.

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. 

Religare Invesco MF has set September 8 as the record date for declaration of dividend under the dividend and direct plan-dividend option of Religare Invesco Arbitrage Fund. 

SBI MF has unveiled 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. 

ICICI Prudential MF has launched a new fund named ICICI Prudential Fixed Maturity Plan, Series 77, Plan T (1,144 days), a close-ended debt scheme. The NFO Price for Rs. 10 per unit.