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NRI money in mutual funds rising It's not just that Indians are only relying on India growth story; even others do, like our foreign partners so called NRI, FII, etc. As per latest data form central bank, foreigners, major chunk of investments has seen good amount of rising trend in the Indian mutual funds industry, since 2003. They hold around Rs 1,028 crore worth of units of Indian mutual funds in 2003. The figure has increased sharply to Rs 2,663 crore in 2004 and Rs 4,966 crore in 2005, as per central bank data. It is not clear which country contributed the most to the MF industry as most funds doesn't disclosed country wise list,   As a result, unspecified countries account for over 70%.   NRIs - reason to invest The ever growing economy, with robust growth & well diversified industry, India seems to be a desired destination for NRI's. It's assumed that Indian external sector performance will continue to be good, thus one needs to look at the outsourc

Mutual Fund – Transact Online             Invest in Mutual Fund - Offline UTI Balanced Fund declares dividend UTI Balanced Fund declares tax-free dividend of 22.5% . Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any. The record date for the dividend is 28 March 2008. All unitholders registered under the dividend option of UTI Balanced Fund as on 28 March 2008 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend. UTI Balanced Fund has been a consistent performer with 13 years of uninterrupted track record of dividend distribution.           UTI MF declares dividend UTI Mutual Fund has announced the dividend under dividend option of UTI Balanced Fund. The record date for the declaration of dividend is 28 March 2008. The quantum of dividend will be 22.5% i .e. Rs 2.25 per unit o

Reliance MF launches new Fixed Horizon Fund Series Reliance Mutual Fund launched Reliance Fixed Horizon Fund -VI-Series 3. It is a close-ended income scheme. Duration of the scheme is 91 days from the date of allotment. The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/ debt securities normally maturing in line with the time profile of the series with the objective of limiting interest rate volatility.            JM Financial MF launches FMP Series JM Financial Mutual Fund launched JM Fixed Maturity Fund - Series XI - 13 Month Plan 1. The scheme is a close-ended income fund with maturity of 395 days from the date of allotment. 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.  

Mutual Funds NFOs (New Fund Offers) currently open – 26 th March 2008 Invest in Mutual Fund – Transact Online             Invest in Mutual Fund - Offline             Scheme Category Open Date Close Date Offer Price (Rs) Min Investment (Rs) Lotus India FMP 375 Days Series 8 Debt - FMP 14-Feb-08 27-Mar-08 10 5,000 Lotus India FMP 375 Days Series 8 - IP Debt - FMP 14-Feb-08 27-Mar-08 10 50,00,000 DSP ML Natural Resources and New Energy Fund Equity - Diversified 3-Mar-08 27-Mar-08 10 5,000 DSP ML Natural Resources and New Energy Fund - IP Equity - Diversified 3-Mar-08 27-Mar-08 10 5,00,00,000