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Showing posts from March 16, 2008

Mutual Fund - NFO Details - DSP Merrill Lynch Natural Resources & New Energy Fund

DSP Merrill Lynch Natural Resources & New Energy Fund Invest in Mutual Fund – Transact Online             Invest in Mutual Fund - Offline The growing economies like India, China and Vietnam have increased the demand for energy and natural resources. The supply of these resources is not commensurate to its demand and almost negligible hope of new discoveries, should take the prices of these resources to new highs. Investment Strategies : DSPML has brought out many new and innovative products in the past like DSP TIGER Fund which have surpassed all expected returns. Now it plans to tap the energy sector world wide and plans to invest major chunk of its funds in India which is growing at a very fast pace. Other than India it also plans to harness good returns by tapping International Energy and Natural resources market by putting 35% of its funds in BlackRock Energy fund which is the largest quoted asset management company in the world and has a successful past of launching

Mutual Fund - NFO Details - JM Tax Gain Fund

JM Tax Gain Fund  Invest in Mutual Fund – Transact Online             Invest in Mutual Fund - Offline JM Financial Mutual Fund has launched "JM Tax Gain Fund" an Open Ended ELSS Scheme with an objective to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. The NFO period opens on 24th December, 2007 and closes on 25th March, 2008.

Mutual funds - Upcoming Dividends - 22 March 2008

Lotus India MF declares dividend The Lotus India mutual fund has announced the declaration of dividend under retail quarterly dividend option of Lotus India Active Income Fund. The record date for dividend will be 18 March 2008. The dividend proposed to be declared is 2.5% i.e. Re. 0.25 per unit on a face value of Rs.10 per unit. The NAV of the retail quarterly dividend option as on 13 March 2008 was Rs. 10.4507.            Birla Sun Life MF declares dividend Birla Sun Life Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Birla Sun Life Fixed Term Plan- Half Yearly-Series 3. The record date is set as 18 March 2008. The fund house has decided to distribute 100% of surplus available under option as on record date. The NAV for the scheme was Rs. 10.4075 as on 13 March 2008. Birla Sun Life Fixed Term Plan- Half Yearly-Series 3 is a close-ended income scheme with the objective to generate current income by investing in portfolio of fixe

Mutual Funds News 16th March 2008

ICICI Pru offers institutional plan for infra fund ICICI Prudential Asset Management Co Ltd on March 14, introduced institutional option in its infrastructure equity fund. Investors under the plan can buy units of ICICI Prudential Infrastructure Fund without paying a load, or a fee for entering or buying units in the fund. However, investors should put in a minimum 200 million rupees, the firm said. Institutional plans have higher minimum investment limit but they generally do not charge entry or exit load and levy lower annual expenses as compared with retail plan.   HDFC MF revises minimum application amount HDFC mutual fund has revised minimum application amount in the wholesale option under HDFC Floating Rate Income Fund-Short Term Plan. The changes will be effective from 24 March 2008. The Minimum application amount under each option (growth and dividend) for existing investors was Rs 1 crore and in multiples of Re 1 thereafter. As per revised provision, the minimu

Mutual funds - Upcoming Dividends - 16th March 2008

Latest Dividends Announced by the Mutual Funds Invest in Mutual Fund – Transact Online             Invest in Mutual Fund - Offline Lotus India MF declares dividend The Lotus India mutual fund has announced the declaration of dividend under retail quarterly dividend option of Lotus India Active Income Fund. The record date for dividend will be 18 March 2008. The dividend proposed to be declared is 2.5% i.e. Re. 0.25 per unit on a face value of Rs.10 per unit. The NAV of the retail quarterly dividend option as on 13 March 2008 was Rs. 10.4507.   JM Financial MF declares dividend for two schemes JM Financial Mutual Fund has announced 19 March 2008 as the record date for the declaration of dividend under dividend option of JM Arbitrage Advantage Fund and JM Equity and Derivative Fund. The fund house has declared a dividend of 2.50% i.e. Rs 0.25 per unit on face value of Rs 10 for JM Arbitrage Advantage Fund. It has also declared a dividend of 1.80% inclusive of dividend d

Mutual Funds NFO - SBI MF launches new debt fund Series

New fund Offer - SBI MF launches new debt fund Series Invest in Mutual Fund – Transact Online             Invest in Mutual Fund - Offline Name of Fund: SBI Debt Fund Series 13 Months Series 7 Scheme: It is a close ended debt scheme. Objective: The objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in portfolio comprising of debt instruments. Asset Allocation: The fund will invest 0%-100% in Government of India dated securities and treasury bills. The investment in securitised debt will be up to 20% of the exposure to AAA/AA+ bonds, and money market instruments. Fund Opens: 7 March 2008 Fund Closes: 17 March 2008 Face Value: Rs 10 Investment Options: SBI Debt Fund Series 13 months Series 7 offers two plans i.e. retail and institutional. Both plans offer sub options of growth and dividend. The dividend option further provides dividend payout and reinvestment facility. Entry Load: There will no entry

Mutual Funds NFO - Birla Sun Life MF launches another fixed term plan

New Fund Offer - Birla Sun Life MF launches another fixed term plan Invest in Mutual Fund – Transact Online             Invest in Mutual Fund - Offline Name of Fund: Birla Fixed Term Plan Series AN Scheme: It is a close end debt scheme. Objective: The scheme seeks to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme. Fund Opens: 11 March 2008 Fund Closes: 17 March 2008 Face Value: Rs 10. Investment Options: The scheme will have retail plan and institutional plan with a common portfolio. Each plan under the scheme will have dividend and growth option. The dividend option shall have payout and reinvestment facility. Entry Load: There will no entry load charged for the scheme due to its close-ended structure. Exit Load: The scheme charges an exit load of 2.00%, if the investment is redeemed within 180 days from date of investment. There will an exit load of 1.00% if the investme

Mutual Funds NFO - Deutsche MF launches new Fixed Term Fund Series 46

New Fund Offer - Deutsche MF launches new Fixed Term Fund Series 46 Invest in Mutual Fund – Transact Online             Invest in Mutual Fund - Offline Name of Fund: DWS Fixed Term Fund Series 46 Scheme: It is a close-ended debt fund with maturity of 395 days 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 securitised debt would be up to a maximum of 100% of the net assets of the scheme. The scheme will not invest in foreign securities and foreign securitized debt. The exposure to derivatives shall be restricted to 50% of the net assets of the scheme. Fund Opens: 7 March 2008 Fund Closes: 17 March 2008 Face Value:

Mutual Funds NFO - ICICI MF launches new FMP Series

ICICI MF launches new FMP Series Invest in Mutual Fund – Transact Online             Invest in Mutual Fund - Offline Name of Fund: ICICI Prudential Fixed Maturity Plan - Series 43 13 Months Plan A Scheme: A close-ended debt 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: 13 March 2008 Fund Closes: 17 March 2008 Face Value: Rs 10 Investment Options: There are two options available under the scheme i.e. retail and institutional options. Cumulative and dividend sub-options will be available under the scheme. Dividend payout is the only facility available under dividend sub-option. Retail option shall be the default option and cumulative sub-option shall be the default sub -option. Asset allocation: The fund will invest up to 100% in money market instruments, short term and mediu