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Investorline Services – Diversified Editions The Game begins NOW – WIN a Gift Voucher from Future Bazaar. We are pleased to launch our own Mutual Funds NAV system at- mutualfundsnav.blogspot.com where you can access the latest Net Assets Value (NAV) of all Mutual Funds in India (AMC wise). Its been a short journey since Dec-2007 when we first launched our Life Insurance blog   and then slowly moved ahead and launched the below blogs-   India Investor- http://india-investor.blogspot.com/   - Information on Investment Industry in India and helping Investors in making the right Investments decision. Subscribe to Investor   News Alerts - http://india-news-alerts.blogspot.com/ - Latest News happenings from the most reliable and trusted Newspapers and News reporting sites. Subscribe to News Alerts   Investorline Services - http://investorline-india.blogspot.com/ - Mutual Funds and Life Insurance Advisory Services. Deals in Mutual Funds i...

SBI MF launches new debt fund series     SBI Mutual Fund launched SBI Debt Fund Series - 18 Months Series 3. The objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in portfolio comprising of debt instruments. The fund will invest 0%-80% in Government of India dated securities and treasury bills and money market instruments. It may invest 20-100% in AAA/AA+ bonds/ debt instruments. The investment in securitised debt will be up to 20%.            Reliance MF launches new Fixed Horizon Fund Series Reliance Mutual Fund launched Reliance Fixed Horizon Fund -VIII-Series 1. It is a close-ended income scheme. Duration of the scheme is 376 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 ot...

Reliance Mutual Fund has collected Rs 150 crore through its Reliance Equity Linked Saving Scheme Series I during its initial offer period from 19 December 2007 to 17 March 2008. Reliance Equity Linked Saving Scheme Series I is a 10-year close-ended equity linked saving scheme. The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equities along with income tax benefit. Reliance Equity Linked Saving Scheme Series I offers growth and dividend plan. The dividend option will have dividend payout and dividend reinvestment. The fund will invest can invest 80%-100% in equities. Whereas the investment in debt and money related instruments will be 0% - 20%.

Kotak Mahindra MF revises load structure Kotak Mahindra mutual fund has announced the revision in the load structure for Kotak Flexi Debt scheme. According to the revised load structure, the fund will charge an exit load of 0.10% if the investment is redeemed within 7 days from the date of investment. Presently, the scheme does not ask for any exit load. The scheme will not charge any entry load to the investors. The aforesaid changes will be effective from 1 April 2008.            MFs purchasing lifts benchmarks Despite higher inflation numbers, benchmark indices increased quite sharply on Friday. Market participants said that this was due to across-the-board purchasing by institutions, particularly domestic funds. Since the financial year 2007-08 is nearing, fund managers have used this money to push up the stock prices in order to shore up the net asset values (NAV) of their schemes. Domestic funds have been net buyers to the tun...

Standard Chartered MF rolls out new FMP Series Standard Chartered MF has rolled out a new fund called Standard Chartered Fixed Maturity Plans Yearly Series 21 and the scheme is close-ended income scheme. The scheme will have two plans -Plan A and Plan B. The duration of the scheme will be from the date of allotment to 20 April 2009. The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally in line with the duration of the scheme. The fund will invest up to 100% in debt and money market instruments, with low to medium risk profile. The investment in securitised debt will be up to 50% of net asset of the scheme.

HSBC MF launches HSBC FT Series 49 HSBC Mutual Fund launched HSBC Fixed Term Series 49. The investment objective of the scheme is to seek generation of returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the plan. The scheme may invest up to 100% in money market instruments including CBLO and reverse repo. It may invest up to 100% in short term and medium term debt instruments and securitised debt. The investment in securitised debt will not exceed 50% of the net asset of the scheme. The net notional exposure to derivatives shall not be more than 50% of the net assets. Under normal circumstances, the scheme shall not have an exposure of more than 50% of its net assets in foreign securities.

MFs announce attractive dividends to retain investors The mutual fund (MF) industry is all set to meet the redemption pressures in a volatile securities market. Mutual funds have more and more started announcing higher dividends to retain the retail investors in various schemes. The fund houses are announcing dividends ranging from 40% to 80% at the close of the current financial year on March 31, 2008. Principal PNB Mutual Fund has decided to pay 80-pc dividend on the Principal Tax Saving Fund, an open-ended equity linked tax saving scheme. The Net Asset Value (NAV) of the scheme as on date is Rs 64.23. The record date for the declaration of the dividend has been kept March 31, 2008. Likewise, Birla Sun Life Mutual Fund has announced to offer a dividend of 60% on its Birla Equity Fund. The NAV of the scheme is Rs 91.29. Commenting on the MF industry's decision to offer an attractive dividend, a senior fund manager from a domestic fund house said that a majority of MF schemes h...

JP Morgan MF files offer document JP Morgan Mutual Fund has filed an offer document for JP Morgan India Active Bond Fund. It is an open-ended income scheme. The new fund offering (NFO) for the scheme will be Rs. 10 with an applicable entry load during NFO period. The fund house seeks to collect a minimum corpus of Rs. 1 crore for the scheme. The minimum initial subscription amount under retail plan is Rs. 5000 and in multiples of Rs. 1 thereafter. Under institutional plan, it is Rs 1 crore in multiples of Rs. 1 thereafter. There will be retail and institutional plan under the scheme. The scheme offers investors a growth option and a dividend payout option. The dividend option will offer dividend payout and dividend reinvestment. The investment objective is to generate optimal returns while maintaining liquidity through active management of the portfolio by investing in debt and money market instruments. However, there can be no assurance that the investment objective of the S...

Fidelity MF files an offer document Fidelity MF has unveiled a new fund called Fidelity Flexi Gilt Fund and it is an open - ended gilt scheme. The primary objective of the scheme is to generate sovereign linked returns primarily through investments in sovereign securities issued by the central government and/ or a state government or repos/ reverse repos in such securities or any security unconditionally guaranteed by the central / state government. The scheme offers investment under two options namely dividend and growth. Dividend option further offers dividend payout, and reinvestment facilities. The scheme will invest up to 100% of its portfolio in securities, issued by central government/ state government(s) including reverse repo and money market instruments. The scheme may invest in offshore securities up to 25% of net assets.

HDFC MF files offer document HDFC MF plans to launch HDFC FMPs - Series VIII. HDFC Mutual Fund has filed an offer document for HDFC Fixed Maturity Plans - Series VIII. It's a closed ended income scheme with no assured returns. The new fund offer (NFO) price for the scheme is Rs. 10 per unit. A closed ended income scheme offering a series of plans of various maturities - up to 370 days from the date of allotment. HDFC Fixed Maturity Plans - Series VIII is a closed ended income scheme comprising there under several investment plans. Each HDFC Fixed Maturity Plan offers: Dividend Option under 90 Days Plans and 181 Days Plans offers Normal Dividend Option and Dividend Option under 370 Days Plans offers Quarterly Dividend Option and Normal Dividend Option. Quarterly Dividend Option and Normal Dividend Option offers Dividend Payout facility only. Each HDFC Fixed Maturity Plan will be managed as a separate portfolio having common portfolio for both Retail and Wholesale Plans. Each...

DSP Merrill Lynch MF has unveiled a new scheme called DSP Merrill Lynch Fixed Maturity Plan 6 Months Series 5 and it is a close-ended income schemes with maturity profile of 6 months. The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the portfolio of each Scheme will display a maturity profile that is generally in line with the Term of the scheme. The schemes may also use fixed income derivatives for hedging and portfolio balancing. Both funds will invest can invest up to 100% in debt instruments and up to 100% in money market. These schemes may invest up to a maximum of 100% of the scheme's net assets in domestic securitised debt. The scheme has two plans i.e. regular and institutional plan. Both plans will provide growth and dividend reinvest option. There will no entry load charged for the schemes due to its close-ended structure.DSP Merrill Lynch FMP 6 Mon...

ICICI MF rolls out Focused Equity Fund ICICI MF has rolled out a new scheme called ICICI Prudential Focused Equity Fund and it is an open-ended equity scheme. The investment objective under the scheme is to seek to generate long-term capital appreciation and income distribution to unit holders from a portfolio that is invested in equity and equity related securities of about 20 companies belonging to the large cap domain and the balance in debt securities and money market instruments. The fund would invest 70-100% of corpus in equity and equity related securities. There will be 0-30% investment in debt instruments. The investment in securitised debt will be up to 50% of the debt portfolio and derivative instruments to the extent of 75% of the net assets. It is proposed to make investments in ADR/GDR to the extent of 50% of the net assets. There are two options available under the scheme viz. retail and institutional option I. Retail option will have growth and dividend sub-option...