MF News Snapshot 14th Feb 2008

SBI MF to unveil Real Estate Equity Fund

Mumbai: The SBI Mutual Fund on March 13, filed the offer document with the Securities and Exchange Board of India (Sebi) for unveiling a dedicated scheme for the real estate and related sector. The objective of Magnum Sector Funds Umbrella (MSFU) Real Estate Equity Fund is to give investors opportunities for long-term growth in capital via an active management of investments in equity and equity-related instruments of companies in the realty and similar sectors and in debt and money market instruments. The open-ended scheme will be available in Retail and Institutional Plan with growth and dividend options. Minimum investment under the retail plan is Rs 5,000 while under the institutional plan, it is Rs 5 crore.


Franklin Templeton MF launches Templeton Fixed Horizon Fund

Franklin Templeton Mutual Fund launched Templeton Fixed Horizon Fund - Series VII - Plan C. 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.


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