Investorline Services

JM Financial MF launches FMP Series Name of fund: JM Fixed Maturity Fund Series IX 15 Month Plan Scheme: The scheme is a close-ended income fund with maturity of 455 days from the date of allotment. Objective: The investment objective of the fund is to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plan. Asset allocation: Short term debt securities and money market instruments: 65-100% Government securities: 0- 35% Securitised debt: Up to 80% net assets of plan Offer opens: 7 March 2008 Offer closes : 12 March 2008 Face value : Rs 10 Investment Options: Each series will have regular and institutional plan. The scheme offers investors growth option and dividend option under both the plans. Entry load: Nil Exit load : The fund would charge an exit load of 2.00% if the units are redeemed or switched out before maturity. Minimum Investment Amou nt: The minimum investment...

Principal PNB MF declares dividend The Principal PNB mutual fund has announced the declaration of dividend under dividend option of Principal Resurgent India Equity fund. The record date for dividend will be 10 March 2008 . The quantum of dividend is 42.5% i.e. Rs. 4.25 per unit on the face value of Rs. 10. The NAV of the scheme was recorded at Rs 17.07 as on 4 March 2008 . Principal Resurgent India Equity Fund is an open-ended equity scheme, whose investment objective is to generate long-term capital appreciation by predominantly investing in equity and equity related securities of Indian companies that are perceived to be potential growth stories.   LIC MF comes out with dividends LIC Mutual Fund has announced 7 March 2008 as record date for declaration of dividends in three schemes: LIC Index Fund-Sensex Plan. The fund house has decided to pay dividend of 22% i.e. Rs 2.20 on the face value of Rs 10. LIC Index Fund-Sensex Plan is an open-ended scheme. The investment objecti...

Mirae Asset MF extends NFO period for India Opportunity Fund Mirae Asset mutual fund has extended the new fund-offering (NFO) period of Mirea Asset India Opportunity Fund from 10 March to 11 March 2008 . Mirae Asset India Opportunities Fund is an open-ended equity oriented fund. The NFO price for the fund is Rs 10 per unit. The scheme provides regular and institutional plans with growth and dividend payout option. The minimum investment under regular plan is Rs.5000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 5 crore and in multiples of Re 1 thereafter. The objective of the scheme would be to generate long-term capital appreciation by capitalizing on potential opportunities through predominantly investing in equities and equity related securities. The entry load is 2.25% for each purchase of less than Rs. 5 crore. For purchase amounts greater than or equal to Rs. 5 crore the entry load is nil. There will be no entry and exit ...

Mutual Funds Performance summary   Average Annualised Returns of Mutual Funds (%) (As on 28-FEBRUARY-2008)           Categories No. of Funds 1 Year 2 Year 3 Years Liquid Funds           - Regular Plans 34 7.67 7.21 6.66   - Institutional Plans 20 8.05 7.46 6.77   - Super Institutional Plans 15 8.25 7.68 7.01 Liquid Plus Funds         - Regular / Institutional 42 8.60 6.55 5.81 Floating Rate Funds     ...