Top mutual fund news of the day- September 22, 2015

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 77 - 1123 Days Plan V, a close ended debt scheme.

Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund - XXIX - Series 7, a close ended income scheme with the duration of 1117 days from the date of allotment.

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan - Series 77 - 1123 Days Plan V, a close ended debt scheme.

Motilal Oswal Mutual Fund has announced September 25 as the date for the declaration of dividend under quarterly dividend option of Motilal Oswal Most Ultra Short Term Bond.

Deutsche MF has given September 24 as the date for declaration of dividend under the following schemes. The amount of dividend (Rs per unit) on the face value of Rs. 10 per unit.

Axis MF has approved introduction of dividend sweep option for Axis Enhanced Arbitrage Fund, which will take effect from September 22.

BNP Paribas Mutual Fund has announced September 24 as the record date for declaration of dividend on the face value of Rs. 10 per unit under several of its schemes.

HDFC Mutual Fund opened its first branch in this summer capital of the state. A release issued here said the branch, located in Aksa Mall at Airport Road here, was inaugurated by Seniior Vice President and State Head (J&K) Zubair Iqbal and Zonal Head, HDFC Mutual Fund Gunit Singh.

Kotak Mahindra Mutual Fund has launched the Kotak India Growth Fund-Series II, a close ended growth scheme. The NFO opens for subscription on September 22, 2015 and closes on October 06, 2015.