Investorline Services

Budget 2008 – Expectations   --Life may be less taxing after Budget – --FM may hike STT, says NSDL's Tilak --Brokerage expectations from 2008/09 budget --BPO industry seeks separate identity --Drug cos seek cure for R&D in the forthcoming budget --Animation & gaming companies want STPI-like tax break for exports --Textile machinery sector needs a booster dose --Dismantle tax on house construction: Urban Housing Ministry --Consumer durable makers for lower indirect taxes --Plantation cos look for rejuvenation package --Budget 2008: Govt should allow 100% FDI in retail --Lotus Mutual CEO expects, at best, mildly positive Budget --Excise, interest rate cuts to improve manufacturing: FICCI --Brainstorming with ET: Great minds on Budget     Life may be less taxing after Budget – NEW DELHI: Finance Minister P Chidambaram might spread cheer all around with Budget 2008-09, the last full-fledged Budget of the UPA government. A hi...

Reliance MF launches new Fixed Horizon Fund   Buy Online                  Buy Offline   Name of Fund : Reliance Fixed Horizon Fund VII -Series 3 Scheme: It is a close-ended income scheme. Objective: 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. Fund Opens : 26 February 2008 Fund Closes : 28 February 2008 Face Value : Rs 10 per unit. Investment Options : The scheme will have growth and dividend option. Entry Load : Being a close end scheme it will not charge any entry load during the initial offer. Exit Load : The scheme charges an exit load of 2.00% if redeemed on or bef...

ING MF launches ING FMF- Series XXXV Buy Online                   Buy Offline   Name of Fund: ING FMP- Series XXXV Scheme: ING Fixed Maturity Fund Series XXXV is a close-ended bond scheme offering an investment plan of 93 days maturity. The scheme shall mature on 30 May 2008. Objective: The scheme will be investing in a portfolio of government securities or highly rated corporate bonds maturing close to the maturity of the scheme so as to generate returns comparable with alternative fixed-income instruments of similar maturity. The scheme will invest in debt securities with maturity coinciding closely with the maturity of the scheme, so as to minimise the impact of price fluctuation of such securities and the value at maturity. Fund Opens: 25 February 2008 Fund closes : 27 February 2008 Face Value: Rs 10 per unit Investment Options: The scheme provides two plans i.e. retail an...

Mirae Asset MF launches new Liquid Fund Buy Online                   Buy Offline   Name of Fund: Mirae Asset Liquid Fund Scheme: It is an open ended liquid scheme. Objective: The primary investment objective of the scheme is to seek to generate reasonable returns with low volatility and higher liquidity through a portfolio of debt and money market instruments. The scheme does not guarantee any returns.   Fund Opens: 27 February 2008 Fund Closes: 3 March 2008 Face Value: Rs 1000 per unit. Investment Options: The scheme will have super institutional, institutional and regular plans. The scheme offers growth, bonus and dividend option under each plan. Dividend frequency: The scheme offers dividend with facility of dividend reinvestment on daily, weekly and monthly dividend. It also offers dividend transfer and monthly dividend payout option. Entry Load: The scheme w...

Mutual Funds AIG MF launches Short Term Fund ABN Amro adds dividend option for its interval plan ABN Amro MF declares dividend Birla Sun Life MF declares dividend ING MF declares dividend Franklin Templeton MF declares dividend JM Financial MF changes Fund Manager ING MF launches ING FMF- Series XXXV ING MF files an offer document with SEBI Kotak MF declares dividend under quarterly interval plan Kotak MF revises minimum purchase amount Mirae Asset MF launches new Liquid Fund Religare skips race for StanChart AMC Buy Online             Buy Offline AIG MF launches Short Term Fund AIG Mutual Fund launched AIG Short Term Fund. The primary objective of the scheme is to seek to generate income from a portfolio constituted of short to medium term debt and money market securities. The fund will invest up to 40%-100% in debt and money market securities with maturity less than equal to 370 days or have put options within a peri...

AIG MF launches Short Term Fund Buy Online             Buy Offline Name of Fund: AIG Short Term Fund Scheme: It is an open-ended income scheme. Objective : The primary objective of the scheme is to seek to generate income from a portfolio constituted of short to medium term debt and money market securities. Asset Allocation: The fund will invest up to 40%-100% in debt and money market securities with maturity less than equal to 370 days or have put options within a period not exceeding 370 days. It will have investment of 0-60% in debt instruments including government securities, corporate debt and other debt instruments with maturity greater than 370 days. Investment in securitised debt may be up to 75% of the net assets of the scheme. Fund Opens: 29 February 2008 Fund Closes: 4 March 2008 Face Value: Rs 1000 per unit Investment Options : The scheme will have two-investment plans viz. retail plan and institutional p...

Gold exchange-traded funds Buy Online             Buy Offline What are exchange-traded funds? Exchange-traded funds (ETFs) are mutual fund schemes that are listed and traded on exchanges like stocks. ETFs trading value is based on the net asset value (NAV) of the assets it represents. Generally, ETFs invest in a basket of stocks and try to replicate a stock market index such as the S&P CNX Nifty or BSE Sensex, a market sector such as energy or technology, or a commodity such as gold or petroleum.   Recently, the Securities and Exchange Board of India (Sebi) amended its regulations and allowed mutual funds launch gold exchange-traded funds (GETFs) in India. Two mutual funds, UTI mutual fund and Benchmark Mutual Fund, are set to launch GETEs in a few days. These funds would be listed on the National Stock Exchange (NSE).   What are gold exchange-traded funds? A gold-exchange traded fund unit is like a mutual...