Mutual Funds News 13th March 2008

Sundaram BNP Paribas MF collects Rs.45 crore through FTP

Sundaram BNP Paribas Mutual Fund has collected Rs 45 crore through its Sundaram BNP Paribas Fixed Term Plan - Plan C during its initial offer period, which closed to 4 March 2008.

Sundaram BNP Paribas Fixed Term Plan - Plan C, which is an open-ended liquid fund, which was opened 28 February and closed 4 March 2008. The primary investment objective of the scheme is to achieve income with minimum volatility by investing in a portfolio of fixed-income securities.

         

ICICI Prudential MF files an offer document

ICICI Prudential Mutual Fund filed an offer document to launch ICICI Prudential Interval Fund III. The primary objective of the scheme to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities. Investors under the ICICI Prudential Interval Fund III have a choice of retail option and an institutional option. The investors will have sub options of cumulative and dividend with dividend payout and dividend reinvestment facilities.

 

Franklin Templeton MF launches Templeton Fixed Horizon Fund

Name of Fund: Templeton Fixed Horizon Fund - Series VII - Plan C

Scheme: It is a close - ended income fund

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.

Fund Opens: 13 March 2008

Fund Closes: 18 March 2008

Face Value: Rs 10 per unit.

Investment Options: The scheme offers growth and dividend option.

Entry Load: The scheme will not charge any entry load.

Exit load: It may charge an exit load of 2.5% if investor redeems within 6 months, it get reduced to 2.0% if redemption is done after 6 months but before 9 month from the date of allotment. The scheme may charge a 1.5% an exit load for the redemption made after 9 months but before maturity. On maturity and during 4 calendar days prior to maturity, it may not ask for any exit load.

Minimum Investment Amount: The minimum investment amount under retail plan is Rs 5000 and in multiple of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 1 crore and in multiple of Re 1 thereafter.

 

ICICI MF launches new FMP Series

Name of Fund: ICICI Prudential Fixed Maturity Plan - Series 43 18 Months Plan A

Scheme: A close-ended income fund.

Objective: The investment objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the scheme.

Fund Opens: 6 March 2008

Fund Closes: 24 March 2008

Face Value: Rs 10

Investment Options: There are growth and dividend options.

Load: Due to its close-ended structure the scheme does not charge any entry load. There will be an exit load of 2.00% of the applicable NAV for the redemption made during the repurchase facility period.

Minimum Investment Amount: The minimum investment amount is Rs. 5000 and in multiples of Re.1 thereafter.

 

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