Saturday, May 3, 2008

Mutual Funds Happenings

India Investments

Bharti AXA MF files another offer document

Posted: 02 May 2008 06:32 PM CDT

16 Apr 2008 | 11:14 Bharti AXA MF files another offer document Name of Fund: Bharti AXA Liquid Fund Scheme: It is an open-ended liquid scheme. Objective: The scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of high quality debt and money market instruments. Investment options: The scheme offers retail and institutional and super institutional plans. All Plans have growth option and dividend reinvestment option. Institutional and super-institutional plans also offer dividend payout option at a monthly frequency. Dividend...

Bharti AXA MF files an offer document

Posted: 02 May 2008 06:32 PM CDT

16 Apr 2008 | 11:01 Bharti AXA MF files an offer document Name of Fund: Bharti AXA Treasury Plus Scheme: It is an open-ended income scheme. Objective: The scheme seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of high quality debt and money market instruments. Investment options: The scheme offers retail and institutional plans. Both plans have growth option and dividend reinvestment option. Institutional plan also offers dividend payout option with monthly dividend frequency. Dividend frequency: Dividends will be declared...

SBI set to launch micro-mutual fund scheme

Posted: 02 May 2008 06:31 PM CDT

16 Apr 2008 | 10:54 SBI set to launch micro-mutual fund scheme In a move to tap opportunities in the bottom of the pyramid market, SBI Mutual Fund is set to make the minimum investment requirement in mutual funds smaller. As part of its financial inclusion agenda, SBI MF is planning to lower the bar for investment through systematic investment plans (SIPs) to Rs 50 from the present level of Rs 100. The Raghuram Rajan committee on financial sector reforms, which dealt with the issue of financial inclusion in detail, had suggested that the bar could be lowered to Rs 200 to get more people...

Mirae Asset India Opportunities Fund debuts at Rs 9.98

Posted: 02 May 2008 06:28 PM CDT

15 Apr 2008 | 16:59 Mirae Asset India Opportunities Fund debuts at Rs 9.98 Mirae Asset Mutual Fund's Mirae Asset India Opportunities Fund, whose initial public offering closed on 11 March 2008, has debuted at Rs 9.98 per unit as against a face value of Rs 10 per unit on 9 April 2008. Mirae Asset India Opportunities Fund is an open-ended equity oriented fund with an investment objective to generate long-term capital appreciation by capitalizing on potential opportunities through predominantly investing in equities and equity related securities. The scheme aims to maximize the long term...

Standard Chartered Premier Equity Fund re-opens for subscription

Posted: 02 May 2008 06:28 PM CDT

15 Apr 2008 | 15:30 Standard Chartered Premier Equity Fund re-opens for subscription Standard Chartered mutual fund has decided that Standard Chartered Premier Equity Fund is re-opened for subscription from 15 April 2008. Standard Chartered Premier Equity Fund is an open-ended equity scheme with an objective to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. The Standard Chartered Premier Equity Fund launched in September 2005 has now re-opened for subscription through lump sum investment as well as systematic...

DBS Chola Interval Income Fund opens for transaction

Posted: 02 May 2008 06:27 PM CDT

15 Apr 2008 | 12:10 DBS Chola Interval Income Fund opens for transaction DBS Chola Mutual Fund has decided that DBS Chola Interval Income Fund - Monthly Plan A, with specified transaction period is opened for transaction on 15 April 2008. DBS Chola Interval Income Fund-Monthly Plan A combines the features of open-ended and closed ended schemes, making the fund open for fresh purchase or redemption during pre-determined intervals (monthly) at NAV based prices. DBS Chola Interval Income Fund-Monthly Plan A is a debt oriented interval income fund with an objective to generate regular income...

Franklin Templeton MF launches Fixed Tenure Fund IX-Plan B

Posted: 02 May 2008 06:27 PM CDT

15 Apr 2008 | 11:35 Franklin Templeton MF launches Fixed Tenure Fund IX-Plan B Name of Fund: Franklin Templeton Fixed Tenure Fund -Series IX-Plan B Scheme: It is a close - ended income fund. The scheme will be having maturity of 5 years from the date of allotment. Objective: The investment objective of the scheme would be to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund's duration along with capital appreciation through equity exposure. Fund Opens: 15 April 2008 Fund...

Lotus India MF launches FMP Series

Posted: 02 May 2008 06:27 PM CDT

15 Apr 2008 | 11:28 Lotus India MF launches FMP Series Name of Fund: Lotus India Fixed Maturity Plans- 3 Month- Series XXVII Scheme: This scheme is a close-ended income scheme. Objective: The objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme. Investment option: The scheme offers growth and dividend options. Fund Opens: 15 April 2008 Fund Closes: 15 April 2008 Face Value: Rs 10 Entry Load: There will no entry load charged for the scheme due to its close-ended...

Franklin Templeton MF launches Templeton Fixed Tenure Fund

Posted: 02 May 2008 06:26 PM CDT

15 Apr 2008 | 10:56 Franklin Templeton MF launches Templeton Fixed Tenure Fund Name of Fund: Franklin Templeton Fixed Tenure Fund -Series IX-Plan A Scheme: It is a close - ended income fund. The scheme will be having maturity of 3 years from the date of allotment. Objective: The investment objective of the scheme would be to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund's duration along with capital appreciation through equity exposure. Fund Opens: 15 April 2008 Fund...

Kotak MF launches new FMP

Posted: 02 May 2008 06:26 PM CDT

14 Apr 2008 | 14:57 Kotak MF launches new FMP Name of Fund: Kotak Fixed Maturity Plan 3 month Series 29 Scheme: A close-ended debt scheme. It has maturity of 3 month after the date of allotment. Investment Options: The scheme offers investors growth option and dividend option under both the plans. Objective: The objective of the scheme would be to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. Fund Opens: 11 April 2008 Fund Closes: 15 April 2008 Face Value: Rs. 10 Minimum Investment Amount: The...

Lotus India MF files an offer document

Posted: 02 May 2008 06:25 PM CDT

12 Apr 2008 | 12:06 Lotus India MF files an offer document Name of Fund: Lotus India Fixed Maturity Plan - 375 Days Series IX to XI Scheme: These are close-ended debt schemes. They will have maturity of 375 days from the date of allotment of the scheme. Objective: The objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme. Asset Allocation: The fund will invest 0%-85% in money market instruments including reverse repo. The investment in government securities issued by...

Birla Sun Life MF files an offer document

Posted: 02 May 2008 06:25 PM CDT

12 Apr 2008 | 11:38 Birla Sun Life MF files an offer document Name of Fund: Birla Sun Life Equity Linked Plan Scheme: It is a close-ended structured scheme. The scheme will comprise of four series from A to D having maturity ranging from 18 months to 36 months. Objective: The scheme seeks to invest in short and medium term debt instruments with fixed and/or floating payouts linked to equity indices/ equity schemes. The scheme may also undertake to invest in short and medium term derivative contracts. Asset Allocation: The fund will invest 70%-100% in debt instruments, money market...

HDFC MF launches another FMP under Series VII

Posted: 02 May 2008 06:25 PM CDT

12 Apr 2008 | 10:14 HDFC MF launches another FMP under Series VII Name of fund: HDFC Fixed Maturity Plan 18 Months April 2008. Scheme: The scheme is of close-ended income nature. Objective: The investment objective of the fund is to generate regular income through investments in debt, money market instruments, and government securities. Options: Both HDFC Fixed Maturity Plans 18 Months April 2008 offers wholesale plan and retail plan with growth and dividend option. The Minimum Investment Amount: Under retail Plan: Rs. 5,000 and in multiples of Re. 1 thereafter per application Under...

HDFC MF launches 181D April plan under HDFC FMP -Series VII

Posted: 02 May 2008 06:25 PM CDT

12 Apr 2008 | 10:11 HDFC MF launches 181D April plan under HDFC FMP -Series VII Name of fund: HDFC Fixed Maturity Plan 181 Days April 2008. Scheme: The scheme is of close-ended income nature. Objective: The investment objective of the fund is to generate regular income through investments in debt, money market instruments, and government securities. Options: Both HDFC Fixed Maturity Plans 181 Days April 2008 offers wholesale plan and retail plan with growth and dividend option. The Minimum Investment Amount: Under retail Plan: Rs. 5,000 and in multiples of Re. 1 thereafter per...

Mutual Funds News - 11 April 2008

Posted: 02 May 2008 06:24 PM CDT

11 Apr 2008 | 10:07 Canbank MF declares dividend Canara Robeco has announced dividend in the following schemes: Date of dividend: 10 April 2008           INDIVIDUALS  & H.U.F.        OTHER THAN IND. & HUF CANARA ROBECO LIQUID - INST. - DAILY DRP       0.00202611    0.00202611 CANARA ROBECO LIQUID - INST. - WEEKLY DIV     N.A.    N.A. CANARA ROBECO LIQUID - RETAIL - DAILY DRP    ...

110 Equity mutual funds outperformed Sensex

Posted: 02 May 2008 06:23 PM CDT

11 Apr 2008 | 19:16 110 Equity mutual funds outperformed Sensex Equity mutual funds as a class posted an average return of 17.19%, underperforming the Sensex return of 19.00%, over the one-year period ended 10 April 2008. Of the 259 equity schemes, 132 exceeded the category average of 17.19% in the one-year period, while 110 outperformed the Sensex that is posted returns of 19.00%. The topper was Reliance Diversified Power Sector (G) with 76.70% return. In the equity category, the diversified category and tax planning underperformed the Sensex, giving a category average of 18.41%; and...

ING MF launches ING FMF- Series 40

Posted: 02 May 2008 06:23 PM CDT

11 Apr 2008 | 15:46 ING MF launches ING FMF- Series 40 Name of Fund: ING Fixed Maturity Plan- Series 40 Scheme: ING Fixed Maturity Fund Series 40 is a close-ended bond scheme offering an investment plan of 366 days maturity. Objective: The scheme will be investing in a portfolio of government securities, or highly rated corporate bonds maturing close to the maturity of the scheme so generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in debt securities with maturity coinciding closely with the maturity of the scheme, so as to...

Deutsche MF launches new Fixed Term Fund Series 49

Posted: 02 May 2008 06:23 PM CDT

11 Apr 2008 | 11:45 Deutsche MF launches new Fixed Term Fund Series 49 Name of Fund: DWS Fixed Term Fund Series 49 Scheme: It is a close-ended debt fund with maturity of 12 months from the date of allotment. Objective: The objective of the fund is to generate regular income by investing in fixed income securities and money market instruments, usually maturing in line with the time profile of the fund. Asset Allocation: The fund will invest up to 100% in domestic debt instruments including government securities and money market instruments and securitised debt. The investment in...

ICICI Pru FMP Series 42- 6 Months Plan C extends NFO period

Posted: 02 May 2008 06:22 PM CDT

11 Apr 2008 | 10:29 ICICI Pru FMP Series 42- 6 Months Plan C extends NFO period ICICI Prudential mutual fund has extended the new fund-offering (NFO) period of ICICI Prudential Fixed Maturity Plan Series 42- Six Months Plan C from 14 April to 16 April 2008. The issue was opened for subscription on 2 April 2008. ICICI Prudential Fixed Maturity Plan Series 42- Six Months Plan C is close-ended debt fund. The NFO price for the fund is Rs 10 per unit. The minimum investment amount is Rs. 5,000 and in multiple of Re 1 thereafter. ICICI Prudential Fixed Maturity Plan Series 42 Six Months Plan C...

Top Ten Financial Tips

Posted: 02 May 2008 04:10 AM CDT

Top Ten Financial Tips Keys to Financial Success Although making resolutions to improve your financial situation is a good thing to do at any time of year, many people find it easier at the beginning of a new year. Regardless of when you begin, the basics remain the same. Here are my top ten keys to getting ahead financially. 1. Get Paid What You're Worth and Spend Less Than You Earn It sounds simplistic, but many people struggle with this first basic rule. Make sure you know what your job is worth in the marketplace, by conducting an evaluation of your skills, productivity, job...



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