Sold Shares Worth Compared To Their Buying - Sep 30, 2008

Mutual funds (MFs) sold shares worth a net Rs 66.70 crore on Friday, 26 September 2008, compared to their buying of Rs 379.30 crore on Thursday, 25 September 2008. MFs' net outflow of Rs 66.70 crore on 26 September 2008 was a result of gross purchases Rs 477.20 crore and gross sales Rs 543.90 crore. The BSE Sensex fell 445 points or 3.28% to 13,102.18 on that day. MFs were net buyers of shares worth Rs 1,925.40 crore in this month, till 26 September 2008.

Short Term Opportunities Fund Under Institutional Plan - Sep 30, 2008

Birla Sun Life Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Birla Sun Life Short Term Opportunities Fund under its institutional plan. The record date is set as 3 October 2008. The fund house has decided to distribute dividend of 2.00% per unit on face value i.e. Rs 0.20 per unit as dividend. The NAV is Rs 10.1979 per unit as on 25 September 2008.

Birla Sun Life Short Term Opportunities Fund is an open-ended income fund with investment objective of the scheme is to generate regular income by investing primarily in investment grade fixed income securities/ money market instruments with short to medium term maturities and across the credit spectrum within the universe of investment grade rating.

Distributable Surplus As Dividend On The Record - Sep 30, 2008

HDFC Mutual Fund has declared dividend under the HDFC FMP 367D September 2007 (2), a fixed maturity plan under HDFC Fixed Maturity Plans-Series VI, a closed ended income scheme. The fund house has decided to distribute 100% distributable surplus as dividend on the record date of 3 October 2008 on the face value of Rs 10 per unit. The dividend will be offered under retail plan with both normal and quarterly dividend option.

The scheme recorded NAV of Rs 10.8204 per unit for retail plan with normal dividend option and Rs 10.0027 per unit under retail plan with quarterly dividend option as on 26 September 2008. HDFC Fixed Maturity Plans-Series VI is a close-ended income scheme with the objective to generate regular income through investments in debt/money market instruments and government securities.

Generate Regular Returns By Investing Mf - Sep 29, 2008

UTI Mutual Fund has launched UTI Fixed Income Interval Fund - Series II - Quarterly Interval Plan VII on 26 September 2008. The new issue will be open for subscription till 06 October 2008. The New Fund Offer (NFO) price for the fund is Rs 10 per unit.

It is an interval scheme. The objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities normally maturing in line with the maturity period of the plan. The scheme offers two plans viz. retail and institutional plan with growth and dividend options. Dividend option further offers dividend payout and reinvestments facility. The minimum application amount under retail plan will be Rs 10, 000 for dividend and for growth sub option and in multiples of Re 1 thereafter. For the institutional plan, the minimum investment amount is Rs 1 crore and in multiples of Re 1 thereafter. The scheme will have investment up to 10-100% in money market instruments. It will invest 0-90% in government securities issued by Central and or State government and other fixed income / debt securities including but not limited to corporate bonds and securitised debt. Debt securities will also include securitised debt, which may go up to 100% of the portfolio.

The fund will charge no entry load as the scheme. The scheme may charge 1% as an exit load for the redemptions done on any time other than specified transaction period. The Specified Transaction Period is the specified/ dates/ period on / during which subscription / redemption / switches may be made in the scheme without any load once a quarter under the quarterly interval plans. Specified Transaction Period shall be open at least for 1 day for subscription/ redemption/ switch-out/ switch-in without any load, every quarter after expiry of 1 quarter from the date of allotment.

Mutual Fund Extended The Closing Date - Sep 29, 2008

HDFC Mutual Fund extended the closing date of New Fund Offer period of HDFC Fixed Maturity Plans Series VIII - HDFC FMP 90 D September (4). As per the announcement the closing date of the scheme has been extended to 06 October 2008. Earlier the scheme was supposed to close on 01 October 2008. The new fund launched for fresh subscription on 26 September 2008. HDFC FMP 90 Days September 2008 (4) is a close ended income scheme. The investment objective of the fund is to generate regular income through investments in debt, money market instruments and government securities.

Kotak Opportunities And Kotak Tax Saver - Sep 29, 2008

Kotak Mutual Fund has decided to close Star Kid Facility under Kotak Mahindra 30 Unit Scheme, Kotak Opportunities and Kotak Tax Saver Scheme. The changes are to be made with effect from 1 October 2008. Fresh application received through any mode of transaction by Kotak Mahindra Mutual Fund after 30 September 2008 for availing the Star Kid Facility under the aforesaid schemes shall be rejected.

Dividend Is Declared Under Both The Retail - Sep 27, 2008

Reliance Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Reliance Interval Fund - Quarterly Interval Fund - Series I. The dividend is declared under both the retail and institutional plan. The record date is set as 1 October 2008. The fund house has decided to distribute 100% of surplus available under both plans as on record date. The NAV for the scheme under retail plan was Rs. 10.2310 and under institutional plan NAV was Rs. 10.2374 as on 24 September 2008. Consequent on the payment of dividend, per unit NAV of the scheme will fall to the extent of payout, and statutory levy (if any).

Mutual Fund Has Announced The Declaration - Sep 27, 2008

Birla Sun Life Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Birla Sun Life Monthly Income Fund under its quarterly dividend plan. The record date is set as 30 September 2008. The fund house has decided to distribute dividend of 1.575% per unit on face value i.e. Rs 0.1575 per unit as dividend under the quarterly dividend plan. The NAV is Rs 10.5086 per unit as on 24 September 2008. Pursuant to payment of dividend, the NAV of the above dividend options would fall to the extent of payout and statutory levy.

Result Of Gross Purchases Crore Sales - Sep 26, 2008

Mutual funds (MFs) purchased shares worth a net Rs 30.80 crore on Wednesday, 24 September 2008, compared to their selling of Rs 226.20 crore on Tuesday, 23 September 2008. MFs' net inflow of Rs 30.80 crore on 24 September 2008 was a result of gross purchases Rs 654.40 crore and gross sales Rs 623.60 crore. The BSE Sensex gained 122.21 points or 0.9% to 13,692.52 on that day. MFs were net buyers of shares worth Rs 1,627.80 crore in this month, till 24 September 2008.

Dividend Options Shall Have Payout - Sep 26, 2008

Birla Sun Life Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch Birla Sun Life 130 - 30 Fund. It is an open-ended diversified equity scheme. The face value of the new issue will be Rs 10 per unit. The investment objective of the scheme is to generate long-term growth of capital by investing predominantly in a portfolio of equity and equity related securities. The scheme may also take short positions in stocks and/or index. The scheme will offer two plans viz. retail and institutional plan. Each plan under the scheme will have dividend and growth option. Dividend options shall have payout, reinvestment and sweep facility.

Market Instruments Maturing Normally - Sep 26, 2008

IDFC Mutual Fund filed offer document with Sebi to launch IDFC Fixed Maturity Plan - Fifteen Months Series (Plan 3-4), IDFC Fixed Maturity Plan - Sixteen Months Series (Plan 1-2), IDFC Fixed Maturity Plan - Seventeen Months Series (Plan 1-2). The face value of the units will be Rs 10. The investment objective of these schemes is to seek to generate income by investing in a profile of debt and money market instruments maturing normally in line with the duration of the scheme. Presently there are two plans i.e. Plan A and Plan B with growth and dividend option.

Fixed Income Portfolio Fund-Scheme A1 And Tata - Sep 25, 2008

Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for 4 funds namely, Tata Fixed Horizon Fund-Series 19-Scheme D and Tata Fixed Horizon Fund-Series 19-Scheme E, Tata Fixed Income Portfolio Fund-Scheme A1 and Tata Dynamic Bond Fund - Option B. The record date is set as 29 September 2008. Tata Fixed Horizon Fund-Series 19-Scheme D: This Fund will offer dividend up to 100% of the returns generated between 21 August to 29 September 2008 subject to availability of distributable surplus.

Kotak Fixed Maturity Plan 12m Series 2. Sep 25, 2008

Kotak Mutual Fund has declared dividend under the dividend option of Kotak Fixed Maturity Plan 12M Series 2. The fund house has fixed 29 September 2008 as the record date for the payment of dividend. The fund house has decided to distribute 100% of surplus available under dividend plan as on record date. The NAV of the scheme under retail plan was recorded at Rs 10.4137 and Rs 10.4340 under institutional plan as on 22 September 2008. Pursuant to payment of dividend, the NAV would fall to the extent of dividend payout and statutory levy, if applicable. Kotak Fixed Maturity Plan 12M Series 2 is a close-ended debt scheme. The investment objective of the scheme is to seek to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

UTI Mutual Fund Has Announced The Revision - Sep 25, 2008

UTI Mutual Fund has announced the revision of the record date for dividend and the specified transaction period of the UTI Fixed Income Interval Fund-Monthly Interval Plan-Series I. Accordingly, the record date of dividend and specified transaction period has now been changed to 25 September 2008 instead of 24 September 2008. Specified transaction period is the period/ day opens for subscription/ redemption/ switch-out/ switch in without any load.

Mutual Funds In Selling Mode - Sep 24, 2008

Mutual funds (MFs) sold shares worth a net Rs 331.80 crore on Monday, 22 September 2008, compared to their buying of Rs 160.80 crore on Friday, 19 September 2008. MFs' net outflow of Rs 331.80 crore on 22 September 2008 was a result of gross purchases Rs 477.20 crore and gross sales Rs 809 crore. The BSE Sensex fell 47.36 points or 0.34% to 13,994.96 on that day. MFs were net buyers of shares worth Rs 1,823.20 crore in this month, till 22 September 2008

Reliance MF launches Fixed Horizon Fund - X - Series 4 - Sep 24, 2008

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund - X - Series 4. It is the close-ended income scheme. The new issue will open for subscription only on 23 September 2008. The NFO price for the fund is Rs 10 per unit. 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 scheme with the objective of limiting interest rate volatility. Reliance Fixed Horizon Fund - X - Series 4 will have retail, institutional and super institutional plan and each plan will have a growth and dividend option

DSP ML FMP - 6M - Series 5 Offers Dividend - Sep 24, 2008

DSP Merrill Lynch Mutual Fund has decided to offer dividend for DSP ML Fixed Maturity Plan - 6M - Series 5 under the dividend reinvestment options of the regular and institutional plans. The record date for the same is 24 September 2008. The quantum of the dividend declared is as follows: Individuals under regular and institutional plans will get dividend of Rs 0.202869 and Rs 0.205146 per unit, respectively. While others under regular and institutional plans will get dividend of Rs 0.188815 and Rs. 0.190934 per unit, respectively

Edelweiss MF launched Monthly Interval Fund - Series 1 - Sep 23, 2008

Edelweiss Mutual Fund has launched Edelweiss Interval Fund- Monthly Interval Fund - Series 1. It is an interval income scheme. The new issue will be open for subscription from 22 September to 23 September 2008. The NFO price for the fund is Rs 10 per unit. The investment objective of Edelweiss Monthly Interval Fund - Series 1 is to generate regular income through investments in debt & money market instruments. The scheme will offer retail and institutional plan. Each plan will have growth and dividend options. Dividend option shall have reinvestment and payout facility. The minimum investment amount under retail plan is Rs 10,000 and in multiples of Re 1 thereafter. The minimum investment amount under institutional plan is Rs 1 crore and in multiples of Re 1 thereafter

Birla Sun Life MF Declares Dividend - Sep 23, 2008

Birla Sun Life Mutual Fund has declared dividend for Birla Sun Life Fixed Maturity Plan -Quarterly Series 2. The record date for declaration of dividend is 25 September 2008. The fund house has decided to distribute a dividend of 100% of distributable surplus as on the record date. The NAV of the interval fund as on 18 September 2008 was recorded at Rs 10.2317. Birla Sun Life Fixed Maturity Plan -Quarterly Series 2 is an open-ended income scheme with the investment objective of generating regular income through investments in debt and money market instruments

Sahara MF launched Interval Fund - Quarterly Plan - Series 1 - Sep 23, 2008

Sahara Mutual Fund has launched Sahara Interval Fund- Quarterly Plan - Series 1. It is the debt oriented interval fund. The new issue will be opened for subscription from 22 September to 26 September 2008. The NFO price for the fund is Rs 10 per unit. The investment objective of the scheme is to generate returns with low volatility through a portfolio of debt and money market instruments with a provision to offer liquidity at periodic intervals. The scheme does not guarantee any assured returns. The scheme will offer growth and dividend options for investments. Dividend option further offers dividend payout and dividend reinvestment facility. The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter for both dividend as well as the growth option. The minimum target amount seeks to operate the scheme is Rs 1 lakh during its NFO

Reliance MF Declares Dividend Under Four Fixed Horizon Fund - Sep 22, 2008

Reliance Mutual Fund has announced 25 September 2008 record date for declaration of dividend on the face value of Rs 10 per unit for the following mentioned schemes: Reliance Fixed Horizon Fund -IV Series- 4, Reliance Fixed Horizon Fund -IV Series- 6, Reliance Fixed Horizon Fund -IV Series-7 and Reliance Fixed Horizon Fund-IX Series -9. The above mentioned series under Reliance Fixed Horizon Fund- IV will offer dividend under both retail and institutional plan while Reliance Fixed Horizon Fund-IX Series -9 offers dividend only for institutional plan.

The fund house has decided to distribute 100% of surplus available as on record date for these funds. Reliance Fixed Horizon Fund IV and IX are close-ended income funds. The primary investment objective of schemes 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

Birla Sun Life MF Introduces New Investment Option - Sep 22, 2008

Birla Sun Life mutual fund has approved the introduction of daily dividend option with reinvestment facility under institutional plan of Birla Sun Life Short Term Fund, an open-ended short-term income scheme with effect from 22 September 2008. The units will be available for purchase to investors at Rs 10 and at NAV based price, thereafter. Birla Sun Life Short Term Fund was launched on January 2000.All other features and terms and conditions of the scheme shall remain unchanged

Tata MF Declares Dividend - Sep 22, 2008

Tata Mutual Fund has announced the declaration of dividend under quarterly dividend option for Tata Fixed Income Portfolio Fund-Scheme B3. The record date is set as 25 September 2008. The AMC decided to distribute up to 100% of the returns generated between 30 June 2008 to 25 September 2008 as dividend. The face value of the unit is Rs 10. The NAV under regular investment plan was at Rs.10.1660 as on 18 September 2008. Tata Fixed Income Portfolio Fund- Scheme B3 was launched in November 2007. It is an open-ended debt scheme with an aim of generating returns and / or capital appreciation along with minimization of interest rate risk

Kotak Mahindra Mutual Fund Tie Up With Andhra Bank - Sep 20, 2008

Kotak Mahindra Asset Management Company entered into a distribution tie-up with Andhra Bank. Under the agreement, Andhra Bank will offer the entire bouquet of Kotak Mutual Fund products from the bank's 1386 branches. Sandesh Kirkire, Chief Executive Officer, Kotak Mahindra AMC and Rakesh Sethi, General Manager, Marketing, Andhra Bank signed the Memorandum Of Understanding

Heavy Buying In Equities By Mutual Funds - Sep 20, 2008

Mutual funds (MFs) purchased shares worth a net Rs 939.50 crore on Thursday, 18 September 2008, compared to their buying of Rs 434 crore on Wednesday, 17 September 2008. MFs' net inflow of Rs 939.50 crore on 18 September 2008 was a result of gross purchases Rs 1488.60 crore and gross sales Rs 549.10 crore. The BSE rose 52.70 points or 0.4%, to close at 13,315.60 on that day. MFs were net buyers of shares worth Rs 1,994.20 crore in this month, till 18 September 2008

UTI Mutual Fund Decides To Continue Selling ULIP - Sep 20, 2008

UTI Mutual Fund has decided to continue selling Unit Linked Insurance Product (ULIP) to its customers even though there is no clarity on the issue of fund houses selling such products. UTI sells ULIP plan of Life Insurance Corporation which happens to be one of the sponsors of the fund house. The product has been sold to about 5 lakh customers and has asset size of about Rs 3,100 crore. On the other hand, the Life Insurance Council, which is association of life insurance companies, recently decided against offering insurance covers to fresh unit-linked products sold by mutual funds from October 1. It was decided that insurer will not sell group covers to mutual funds that bundle life insurance with units and thereby create competition for ULIPs. Regulators including SEBI and IRDA have not come out with the guideline on the issue. Until it is clarified, the confusion would prevail, an industry observer said.

Franklin Templeton MF Declares Dividend - Sep 19, 2008

Franklin Templeton Mutual Fund has declared dividend in Templeton Fixed Horizon Fund - Series II - Plan D (TFHF - Series II - Plan D). The fund house has decided to distribute 1005 of distributable surplus on face value of Rs 10 as dividend on the record date of 24 September 2008. Templeton Fixed Horizon Fund - Series II - Plan D is a close ended income fund with an objective to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with fund's duration. The scheme charges no exit load

Tata MF Floats On Fixed Investment Plan -4-A - Sep 19, 2008

Tata Mutual Fund has commenced Tata Fixed Investment Plan -4-A on 10 September 2008. The New Fund Offer (NFO) period for subscription will close on 18 September 2008. The NFO face value of the new fund is Rs 10 per unit. The scheme is a close end debt scheme with tenure of 19 months from the date of allotment. The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.

The scheme has three plans Regular, High Institutional Plan (HIP) and Super High Institutional Plan (SHIP). Each plan has two options growth and periodic dividend option. The minimum investment amount under regular investment plan will be Rs. 10000 and in multiples of Re. 1 thereafter. The minimum investment amount under high institutional plan will be of Rs. 25 lakh and in multiples of Re. 1 thereafter. For the Super High Institutional Plan, the application amount will be Rs 1 crore and in multiples of Re. 1 thereafter. The fund seeks to raise Rs 10 crore during NFO period

Bharti AXA MF Floats On Equity Fund - Sep 19, 2008

Bharti AXA Mutual Fund house announced launch of Bharti AXA Equity Fund on 4 September 2008. The initial offer period will close for subscription on 1 October 2008. It is an open-ended equity growth scheme. The offer price during NFO is Rs 10 per unit. The investment objective of the scheme is to generate income and long-term capital appreciation through a diversified portfolio of predominantly equity and equity-related securities including equity derivatives, across all market capitalizations. The scheme is in the nature of diversified multi-cap fund. Investment options: The scheme offers Retail, Eco and Institutional Plans. Eco plan is available for retail investments up to Rs 2 lakh only. Where the value of any purchase transaction (including switch, SIP) by a unit holder / investor is up to Rs 2 lakh, such unit holder / investor will have a choice to opt for Eco Plan. This Plan cannot be chosen if the value of any purchase transaction by a unit holder / investor exceeds Rs 2 lakh

JM Financial MF Unveils FMF- Series XIII - Monthly Plan 1 - Sep 18, 2008

JM Financial Mutual Fund has launched JM Fixed Maturity Fund - Series XIII - Monthly Plan 1 on 17 September 2008. The new issue will be closed for the subscription on 22 September 2008. The NFO price for the fund is Rs 10 per unit. It is a close-ended income scheme. Duration of the scheme will be 31 days from the date of allotment of units. It is a close-ended income scheme comprising various plans seeking to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plans.

The scheme offers two plans viz. regular and institutional plan, which will have two sub-options of growth and dividend options. The minimum investment amount under regular plan is Rs 5,000 and under institutional plan, it is Rs 5 lakh and in multiples of any amount thereafter. The scheme seeks to raise a minimum subscription amount of Rs. 1 crore during its New Fund Offer period

HDFC MF Declares Dividend - Sep 18, 2008

HDFC Mutual Fund has announced 22 September 2008 as the record date for declaration of dividend under Plan A of HDFC Quarterly Interval Fund, an open ended interval income scheme, on face value of Rs 10 per unit. The Fund house has decided to offer dividend under dividend option of both retail plan and wholesale plan. The fund house has decided to distribute 100% of surplus available under its both retail and wholesale plans as on record date. The NAV for the scheme under was Rs. 10.2262 per unit as on 15 September 2008.

HDFC Quarterly Interval Fund is an open ended interval income scheme. The investment objective of the scheme is to generate regular income through investments in debt/ money market instruments and government securities. The scheme will charge 0.75% as an exit load if investments are redeemed on any day other than during the Specified Transaction Period. No exit is payable if units are redeemed on during the Specified Transaction Period

UTI MF Declares Dividend Under Fixed Income Interval Funda - Sep 18, 2008

UTI Mutual Fund has announced the dividend under dividend option of UTI Fixed Income Interval Fund-Quarterly Interval Plan-Series I. The record date for the declaration of dividend is 23 September 2008. The quantum of dividend will be 100% of distributable surplus available on the record date on face value of Rs. 10 per unit.

The NAV for the scheme under both retail and institutional plan was at Rs. 10.2233 per unit as on 15 September 2008. UTI Fixed Income Interval Fund- Quarterly Interval Plan-Series I was launched in June 2007. It is a debt oriented interval scheme with income-oriented portfolio consisting Gsecs and other fixed income and debt securities. The investment objective of the scheme is generating regular income by investment in debt/money market instruments and Govt Securities having suitable maturity

HDFC MF Plans To Launch HDFC FMP-Series X - Sep 16, 2008

New Delhi: HDFC MF plans to roll out a new fund called HDFC Fixed Maturity Plan -Series X and it is a close-ended income scheme. The investment objective of the plan(s) under the scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities. The scheme proposes to launch 47 plans with following maturity: 30 Days plan (number of plans is 5), 90 Days (25), 367 Days (5), 13 Months (3), 14 Months (2), 15 Months (1), 16 Months (2), 18 Months (2), 24 Months (1) and 36 Months (1). The scheme will have retail and wholesale plans with dividend and growth option.

Dividend Option under 30 Days Plan(s) and 90 Days Plan(s) offers normal dividend option and dividend option under 367 Days Plan(s), 13 Months Plan(s), 14 Months Plan(s), 15 Months Plan, 16 Months Plan(s), 18 Months Plan(s), 24 Months Plan and 36 Months Plan 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. The fund will invest 60-100% in Debt and Money Market 60% 100% Low to Medium Instruments (including securitised debt) and 0-40% in government securities. Investments in securitised debt shall not normally exceed 75% of the net assets of the respective Plan(s)

JM Financial MF Declares Dividend - Sep 16, 2008

JM Financial Mutual Fund has declared dividend under dividend option of JM Fixed Maturity Fund -Series X -Q3 for both plans, Regular Plan & Institutional Plan. The fund house has decided to distribute the realized appreciation in the NAV of the plan/option till the record date. The record date for the dividend is 17 September 2008. After payment of dividend, the per unit NAV of the plan / option will fall to the extent of the payout and statutory levies (if applicable). The NAV for the JM FMF -Series X -Q3 under regular plan - dividend option is Rs 10.2104 and for JM FMF -Series X -Q3 under Institutional plan - dividend option is Rs 10.2162 as on 11 September 2008

HDFC MF Launches 370 Days FMP - Sep 16, 2008

New Delhi: HDFC Mutual Fund will launch the HDFC Fixed Maturity Plan 370 Days September 2008 (1) under HDFC Fixed Maturity Plans-Series IX on 16 September 2008. The initial offer period will close for fresh subscription on 22 September 2008. The offer price of the unit is Rs 10 per unit. HDFC Fixed Maturity Plans 370 Days September 2008 (1) is of close-ended income nature with an aim of generating regular income through investments in debt, money market instruments, and government securities. The 370 Days Fund will offer wholesale plan and retail plan with growth and dividend option.

The minimum investment under retail plan is Rs 5,000 and in multiple of Re 1 thereafter. The minimum investment amount under wholesale plan is Rs 1 crore and in multiple of Re 1 thereafter. The Fund seeks to raise a minimum subscription amount of Rs.1 crore during the New Fund Offer period. The scheme will invest 60%-100% in debt and money market instruments, with low to medium risk profile. The schemes will also invest 0%-40% in government securities with low risk profile. Investment in securitised debt will not exceed 75% of the net assets of the respective plans. Under normal circumstances, the plans shall not have an exposure of more than 75% of its net assets in foreign debt securities subject to regulatory limits.

The schemes may enter into repos/reverse repos as may be permitted by the RBI. From time to time the respective plan may hold cash. A part of the net assets may be invested in the Collaterilsed Borrowing & Lending Obligations (CBLO) or repo or in an alternative investment as may be provided by the RBI to meet the liquidity requirements

DSP ML MF launches FMP 12 Months Series 4 - Sep 15, 2008

DSP Merrill Lynch Mutual Fund has unveiled DSP Merrill Lynch Fixed Maturity Plan 12 Months Series 4 on 12 September 2008. The NFO will close on 17 September 2008. The new offer price of units Rs 10 per unit. It is a close-ended income schemes with maturity profile of 12 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 scheme will invest up to 100% in debt instruments and money market instruments. Debt securities may include securitised debt up to 100% of net assets. Debt instruments may include fixed income derivatives only for hedging and portfolio balancing up to 100% of scheme's net assets. The scheme has two plans regular and institutional plans with growth and dividend reinvest options

ING MF Launches Quarterly FMP 91-Series A2 - Sep 15, 2008

ING Mutual Fund has commenced ING Quarterly Fixed Maturity Plan 91-Series A2 on 10 September 2008. The initial offer period will close for fresh subscription on 16 September 2008. The offer unit price will be Rs 10 per unit. It is a close-ended debt scheme. 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 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.

The investors will have the choice of two plan viz. retail plan and institutional plan with sub-option of growth and dividend. The fund will invest entire corpus in debt securities and money market instruments including reverse repo. Debt securities may include securitised debt up to 100% of the net assets. Investments in derivatives instruments shall be to a maximum of 50% of the net assets of the scheme.

The scheme does not charge an entry load as it is of close-ended nature. To provide liquidity to investors, the Fund proposes to provide repurchase facility in the scheme on 16 October 2008, 15 November 2008, and 15 December 2008. The investors can submit their repurchase requests at any official points of acceptance of transactions on any date after the allotment. If repurchase request is submitted after the date of allotment and before 15 December 2008, the scheme may ask for an exit load of 1%. If repurchase request is submitted on 15 December 2008 or on 16 December 2008, the scheme may not ask exit load. The minimum investment amount under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 5 lakh in multiples of Re 1 thereafter. The Fund seeks to raise the minimum amount required to operate the scheme is Rs 1 lakh during NFO

Kotak MF Declares Dividend - Sep 15, 2008

The Kotak Mutual Fund has announced dividend on the face value of Rs 10 per unit under dividend option of Kotak FMP 3M Series 31. The record date for dividend will be 18 September 2008. The AMC plans to distribute 100% of the distributable surplus available as on record date. The NAV for the Kotak FMP 3M Series 31 under dividend option is Rs 10.1906 as on 11 September 2008. Kotak FMP 3M Series 31 is close ended debt scheme with an investment objective to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk

Principal Pnb MF Files Offer Document With Sebi - Sep 13, 2008

Principal Pnb Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch Principal Pnb Fixed Maturity Plan 1105 days -Series I. It is a close-ended debt scheme. The face value of the new issue will be Rs 10 per unit. The investment objective of the scheme is to seek to build an income oriented portfolio and provide returns. The scheme will offer two plans viz. regular and institutional plan with growth & dividend options. Dividend option will further offer dividend payout and sweep facilities. The minimum application amount is Rs 1000 and for the institutional plan the minimum application amount is Rs 5 lakh. The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period. The scheme will have investment exposure of 0-100% in debt securities and money market instruments and in government securities. Debt instruments may include securitised debt up to 100% of the net assets of the scheme. The Scheme shall not invest in foreign securitised debt

DBS Chola MF Appoints New Chief Marketing Officer - Sep 13, 2008

DBS Cholamandalam Asset Management has announced that Mohit Sachdev has appointed as Chief Marketing Officer. Mohit Sachdev is a B.Tech from IIT Delhi and PGDBM from IIM Bangalore. He was earlier with UTI as President looking after Institutional Business. In his nineteen years of experience in financial services, he has dealt closely with changing debt and equity markets, using his knowledge of markets to guide customers on the right approach to their investments. N Srinivasan, Director Finance on the Murugappa Corporate Board and Lead Director for the Asset Management Business said, The AMC has aggressive plans for growth. We are delighted to have Mohit with us to lead the sales and marketing initiatives. His vast experience and insights of the mutual fund markets will be an asset to the company

UTI MF Launches Short Term FMP - Sep 13, 2008

UTI Mutual fund has unveiled UTI Short Term Fixed Maturity Plan -Series I-IX (90 days) on 12 September 2008. The new fund offer period will remain open for fresh subscription till 18 September 2008. The new offer price of units is Rs 10 per unit. This is a close-ended income scheme with plan tenure of 90 days with an investment objective to generate regular returns by investing in portfolio of fixed income securities normally maturing in line with the maturity period of the plan. The scheme offers retail and institutional plan with growth and dividend options. The minimum application amount for retail option under dividend sub option is Rs 10,000 and under growth sub option is Rs 5,000 and in multiples of Re 1 thereafter. The minimum subscription amount under institutional option is Rs 1 crore and in multiples of Re 1 thereafter

UTI MF Declares Dividend Under FMP Quarterly Series - Sep 12, 2008

UTI Mutual Fund has announced a dividend distribution of 100% of distributable surplus available on the record date under the UTI Fixed Maturity Plan-Quarterly Series (QFMP-06-08/ II). The record date for the declaration of dividend is 17 September 2008. The NAV for the scheme under retail and institutional plan was at Rs 10.2087 as on 9 September 2008. UTI Fixed Maturity Plan-Quarterly Series (QFMP-06-08/ II) is a close-ended income scheme. The investment objective of the scheme is generating regular income by investment in fixed income securities normally maturing in line with the time profile of the plan, thereby enabling the investors to nearly eliminate interest rate risk by remained invested in the plan till maturity

Franklin Templeton MF Launches 367 Days Plan - Sep 12, 2008

Franklin Templeton Mutual Fund launches Templeton Fixed Horizon Fund - Series XI-C on 12 September 2008. The initial offer period will be closed on 17 September 2008. The offer unit price is Rs 10 per unit. It is a close - ended income fund with tenure of 367 days from the date of allotment. The scheme will mature on 21 September 2009. The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund's duration. The 367 days plan offers growth option and dividend option. The dividend option further offers payout facility. No entry load will be charged under the scheme, as it is of close-ended nature. The scheme will charge up to 2.5% exit load if redemption is done before maturity. Switch out of units on maturity will not apply any exit load. The minimum investment amount is Rs. 5000 and in multiples of Re 1 thereafter. The scheme seeks to collect Rs.1 crore during NFO period

JM Financial MF Unveils FMF- Series XII - Quarterly Plan 3 - Sep 12, 2008

JM Financial Mutual Fund has launched JM Fixed Maturity Fund - Series XII - Quarterly Plan 3 on 11 September 2008. The new issue will be closed for the subscription on 17 September 2008. The NFO price for the fund is Rs 10 per unit. It is a close-ended income scheme. Duration of the scheme will be 3 months from the date of allotment of units. It is a close-ended income scheme comprising various plans seeking to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plans. The scheme offers two plans viz. regular and institutional plan, which will have two sub-options of growth and dividend options

UTI MF Charges An Exit Load Of 1% Under Short Term Income - Sep 11, 2008

UTI mutual fund has decided to charge an exit load for UTI- Short Term Income Fund. Accordingly, the Fund will charge 1% exit load for all investments made on or after 11 September 2008 under both the options of regular and institutional, if the redemption is done on or before 90 days from the date of acceptance. Before the revision, the scheme asks load of 0.75% if investment get switched out on or before 15 days from date of acceptance. It is an open-ended income scheme seeks to generate steady and reasonable income, with low risk and high level of liquidity from a portfolio of money market securities and high quality debt

Mirae Asset MF Unveils Quarterly Plan II - Sep 11, 2008

Mirae Asset Mutual Fund has launched Mirae Asset Quarterly Plan II on 09 September 2008. The new issue will be closed for the subscription on 11 September 2008. The NFO price for the fund is Rs 10 per unit. It is a debt oriented interval scheme. The investment objective of the scheme is to seek to generate returns with low volatility through a portfolio of debt and money market instruments with a provision to offer liquidity at periodic intervals. The scheme offers two plans viz. regular and institutional plan, which will have two sub-options of growth and dividend options. The dividend option offers dividend payout and dividend reinvestment facilities

Edelweiss MF Raises Rs 903 Crore Through Its Two Liquid Funds - Sep 11, 2008

Edelweiss Mutual Fund has collected Rs 903 crore through its New Fund Offers (NFO) - Edelweiss Liquid Fund and Edelweiss Liquid Plus Fund - that closed on 8 September 2008. Speaking on the occasion, Mr. Jimmy A. Patel, CEO, Edelweiss Asset Management said, "We are pleased with the confidence investors have reposed in the Edelweiss brand and this is clearly reflected in our collections. The funds re-open for on-going purchase and redemption on 11 September 2008. Edelweiss Liquid Fund is rated 'AAAf' by CRISIL. The investment objective of these funds is to provide reasonable returns, commensurate with moderate level risk and high degree of liquidity, through a portfolio constituted of money market & debt instruments

JM MF Files Offer Document With Sebi - Sep 10, 2008

JM Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch JM Fixed Maturity Fund - Series XIV with nine plans. The duration of the scheme will be 31 day from the date of allotment. It is the close-ended income scheme. The face value of the new issue will be Rs 10 per unit. A close ended income scheme comprising various plans seeking to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective plan. Plans under the Series: JM Fixed Maturity Fund - Series XIV - M1, JM Fixed Maturity Fund - Series XIV - M2, JM Fixed Maturity Fund - Series XIV - M3, JM Fixed Maturity Fund - Series XIV - M4, Maturity Fund - Series XIV - M5, Maturity Fund - Series XIV - M6, Maturity Fund - Series XIV - M7, Maturity Fund - Series XIV - M8, Maturity Fund - Series XIV - M9.

SBI MF Launches 370 Days Debt Fund - 2 - Sep 10, 2008

SBI Mutual Fund launched SBI Debt Fund Series - 370 Days Fund-2. The investment objective is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, AAA/AA+ bonds and money market instruments. SBI Debt Fund Series - 370 Days Fund-2 offers retail and institutional plans with two options i.e. growth and dividend. The minimum investment amount under retail investors is Rs 5000 and in multiples of Re 1 thereafter. The institutional investors will have to apply minimum amount of Rs 5 lakh and in multiples of Re 1 thereafter. The scheme will invest up to 0-80% in Government of India dated securities and treasury bills and money market instruments. The scheme may invest 20-100% in AAA/AA+ bonds/debt instruments. Investments in securitized debt shall be up to 20% of the exposure to AAA/AA+ Bonds

Bharati AXA MF Files Offer Document With Sebi - Sep 10, 2008

Bharati AXA mutual fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch Bharati AXA Short Term Income Fund. It is an open-ended income scheme. The face value of the new issue will be Rs 10 per unit. The scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities. The scheme will offer two plans viz. Regular and Institutional with growth & dividend options under each plan. Dividend option will further offer dividend payout and reinvestment facilities with monthly and quarterly frequency of dividend pay-out.

The minimum subscription amount under regular plan will be Rs 5,000 and in multiples of Re 1 thereafter. And the minimum amount under Institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter. The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period. The scheme will invest up to 30-100% in money market securities and debt securities including government securities, corporate debt, securitised debt and other debt instrument with average maturity less than or equal to 370 days

ICICI MF Unveils FMP- Series 48 - 3 Year Plan A - Sep 9, 2008

ICICI Mutual Fund has launched ICICI Fixed Maturity Plan- Series 48 - 3 Year Plan A on 01 September 2008. The new issue will be open for the subscription till 24 September 2008. The NFO price for the fund is Rs 10 per unit. It is a close-ended debt scheme. Duration of the scheme will be 3 years from the date of allotment The investment objective plan is to generate regular returns by investing in a portfolio of fixed income securities/debt instruments normally maturing in line with the time profile of the plan.

The scheme offers two plans viz. retail and institutional plan with growth and dividend options. The dividend option under both plans further will only offer dividend payout facility. Retail Option shall be the default option and Cumulative sub-option shall be the default sub-option. The minimum investment amount under retail plan is Rs. 5,000 and in multiples of Re 1 thereafter. And under institutional plan, the minimum investment amount is Rs. 25 lakh and in multiples of Re 1 thereafter

Birla Sun Life MF Extends NFO Period For Its Equity Linked Fmps - Sep 9, 2008

Birla Sun Life Mutual Fund has extended the closing date of new fund-offering (NFO) period of its two equity linked FMPs viz, Birla Sun Life Fixed Term Plan-Series C and Birla Sun Life Fixed Term Plan-Series D till 22 September 2008 instead of 10 September 2008. The new fund offer was opened for subscription on 20 August 2008. Both these funds are close-ended debt schemes. The NFO price for the fund is Rs 10.

Both schemes seek to invest in short and medium term debt instruments with fixed and/or floating payouts linked to equity indices. The scheme may also undertake to invest in derivative contracts. These instruments will normally mature in line with the time profile of the scheme. The maturity date of Birla Sun Life Equity Linked FMP Series C would be 21 months and that of Birla Sun Life Equity Linked FMP Series D would be 36 months from the date of allotment

IDFC MF Launches FMP- Quarterly Series -42 - Sep 9, 2008

IDFC mutual fund has unveiled IDFC Fixed Maturity Plans- Quarterly Series 42 for fresh subscription on 5 September 2008. The NFO period will close on 8 September 2008. The face value of the new fund is Rs 10 per unit. The scheme is close-ended income scheme. The duration of the scheme is from the date of allotment to 10 December 2008 i.e. date of maturity.

The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments. The fund will invest up to entire corpus 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. The scheme provides investment options of dividend and growth. There will no entry load charged for the scheme due to its close-ended structure

ING MF Declares Dividend Under FMF Series 46 - Sep 8, 2008

ING MF declares dividend under FMF Series 46 ING Mutual Fund has announced 11 September 2008 as the record date for declaration of dividend for ING Fixed Maturity Fund - Series 46 on face value of Rs 10 per unit. The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 11 September 2008 as dividend. The NAV under both retail plan and institutional plan of ING Fixed Maturity Fund - Series 46 was Rs 10.2127 per unit as on 4 September 2008.

ING Fixed Maturity Plan - Series 46 is a close -ended schemes offering an investment plan of 92 days maturity, investing in a portfolio of government securities or highly rated corporate bonds maturing close to 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 so as to minimize the impact of price fluctuation of such securities and the value at maturity

Birla Sun Life MF Files Offer Document With Sebi - Sep 8, 2008

Birla Sun Life Mutual Fund filed offer document with Sebi to launch Birla Sun Life fixed term Plan Series comprises of 15 schemes from series BG to series BU. The primary investment objective of the scheme is to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme. Birla Sun Life FTP Series BG to Birla Sun Life FTP Series BU. Birla Sun Life FTP Series BG to Series BP will have duration from 12-24 months from the date of allotment. For Birla Sun Life FTP Series BQ to Series BU the maturity period will be from 24 - 36 months from the date of allotment. Investment Options: Each scheme will offer two plans i.e. Retail & institutional plan with growth and dividend option. The dividend option will further offer dividend payout and dividend re-investment facility.

Canara Robeco Liquid Plus Fund Charges Exit Load - Sep 8, 2008

Investors of Canara Robeco Liquid Plus Fund under super institutional plan have to pay an exit load of 0.10% with effect from 2 September 2008 for any redemption within 3 business days from the date of allotment. All others terms and conditions of the offer document remains unchanged. Canara Robeco Liquid Plus Fund seeks to generate income / capital appreciation through a low risk strategy by investment in debt securities and money market instruments

DBS Chola MF Launches FMP Series 10 - Sep 6, 2008

DBS Chola Mutual fund has announced the launch of its close-ended income scheme, DBS Chola Fixed Maturity Plan-Series 10 -Quarterly Plan II. The initial issue of units is at Rs.10 per unit. The fund opens for subscription on 5 September and will close on 11 September 2008. The scheme is a close ended with an aim to generate regular returns and capital appreciation by investing in debt including securitized debt, Government and money market securities maturing in line with time profile of the respective plans. The maturity of the fund is 91 days.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. The entire corpus under the scheme will be invested in money market instruments, corporate bonds, debt and govt. securities. Investors can opt between a cumulative or dividend payout. The scheme doesn't ask for an entry load. Redemptions before the maturity date will be subject to 0.50% exit load. The Benchmark for the fund will be CRISIL Liquid Fund Index. The scheme will be managed by Ankur Parekh.

HDFC MF Launches 90 Days Plan - Sep 6, 2008

HDFC Mutual Fund house has commenced initial offering period of HDFC Fixed Maturity Plan 90 Days September 2008 (2) under HDFC Fixed Maturity Plans-Series IX. The new offer period (NFO) will be opened for subscription on 10 September and will close on 15 September 2008. The face value of new issue is Rs 10 per unit.

HDFC FMP 90 Days September 2008 (2) is a close ended income scheme. The investment objective of the fund is to generate regular income through investments in debt, money market instruments, and government securities. HDFC Fixed Maturity Plan 90 Days September 2008 (2) offers wholesale plan and retail plan with growth and dividend option. Under retail plan, the minimum application amount will be Rs. 5,000 and in multiples of Re. 1 thereafter. Under wholesale plan, the minimum investment amount is Rs. 1 crore and in multiples of Re. 1 thereafter. The fund seeks to collect Rs 1 crore as targeted amount during NFO period

The scheme will invest 60%-100% in debt and money market instruments, with low to medium risk profile. The scheme will also invest 0%-40% in government securities with low risk profile. Investment in securitised debt will not exceed 75% of the net assets of the respective plans. Under normal circumstances, the plans shall not have an exposure of more than 75% of its net assets in foreign debt securities subject to regulatory limits

UTI MF Declares Dividend Under Fixed Income Interval Fund - Sep 6, 2008

UTI Mutual Fund has announced the dividend under dividend option of UTI Fixed Income Interval Fund-Monthly Interval Plan-Series II. The record date for the declaration of dividend is 11 September 2008. The quantum of dividend will be 100% of distributable surplus available on the record date on face value of Rs. 10 per unit. The NAV for the scheme under retail and institutional plan was at Rs. 10.0558 per unit as on 3 September 2008. UTI Fixed Income Interval Fund- Monthly Interval Plan-Series II is a debt oriented interval scheme with income-oriented portfolio consisting G-sec and other fixed income and debt securities. The investment objective of the scheme is generating regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan

Bharti Axa Investment Managers Rolled Out A New Fund - Sep 5, 2008

Bharti AXA Investment Managers has rolled out a new fund called as Bharti AXA Equity Fund. The fund offer started on September 4 and will close on October 1. The open ended equity growth fund is benchmarked to S&P CNX Nifty Index Fund Index. The fund seeks to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives.

65 - 100 per cent of assets will be allocated in equity and equity related securities while debt & money market securities/instruments will constitute 0 - 35 per cent. Investments in derivative instruments shall not exceed 50 per cent of net assets of the portfolio. No investments will be made in securitized debt. The issue price for the scheme is Rs. 10 per unit plus applicable load during NFO period. An investor can begin investment with a minimum investment Rs. 5,000 for retail and eco plan and Rs. 5 crore for institutional plan. The scheme comes with three unique features - quarterly dividend plan, eco plan and daily systematic investment plan. Under each of these plans, the options available are growth, bonus and regular dividend and quarterly dividend plan - offering dividend re-investment and dividend pay-out facilities. For the first time in the Indian Mutual Fund Industry, Bharti AXA Equity Fund offers investors the option of a daily SIP. Interestingly, investors can also opt for a daily systematic transfer plan by investing a lump sum in Bharti AXA Liquid Fund and transferring a specified amount to Bharti AXA Equity Fund on a daily basis. Minimum instalment for daily SIP/STP is Rs.300 and in multiples of Rs.100 thereafter.

ICICI MF Declares Dividend For 3 Months FMP - Sep 5, 2008

ICICI Mutual Fund has announced dividend under dividend option under ICICI Prudential Fixed Maturity Plan-Series 44- Three Months Plan C. The record date for declaration of dividend is set as 8 September 2008. The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme under dividend option was Rs. 10.1944 as on 27 August 2008. ICICI Prudential Fixed Maturity Plan- Series 44- Three Months Plan C is a close-ended debt scheme. It was launched in June 2008. The investment objective of the scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the Plan. The scheme charges 1% an exit load for redemptions made during repurchase facility period. The scheme will not charge any exit load if redemptions are made on maturity

Kotak MF Declares Dividend Under FMP - Sep 5, 2008

Kotak Mutual Fund has declared dividend under the dividend option of Kotak Fixed Maturity Plan 1M Series 3. The fund house has fixed 8 September 2008 as the record date for the payment of dividend. The fund house has decided to distribute 100% of surplus available under dividend plan as on record date. The NAV of the scheme was recorded at Rs 10.0647 as on 1 September 2008.

Pursuant to payment of dividend, the NAV would fall to the extent of dividend payout and statutory levy, if applicable. Kotak Fixed Maturity Plan 1M Series 3 is a close-ended debt scheme. The investment objective of the scheme is to seek to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

Tata MF Declares Dividend Under Fixed Horizon Fund - 4 Sep 08

Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for Tata Fixed Horizon Fund-Series 14-Scheme B. The record date is set as 8 September 2008. The AMC decided to distribute up to 100% of the distributable surplus available on the record date will be distributed as dividend. The NAV for the scheme under both regular and institutional investment plan was Rs.10.3662 as on 1 September 2008. Tata Fixed Horizon Fund-Series 14-Scheme B was launched in September 2007. It is a close-ended debt scheme with an aim of generating returns and / or capital appreciation along with minimization of interest rate risk by investing predominantly in a portfolio of debt and money market instruments

DSP ML MF Commencing One Month FMP - 4 Sep 08

DSP Merrill Lynch Mutual Fund has unveiled DSP Merrill Lynch Fixed Maturity Plan 1 Month -Series 1 on 2 September 2008. The NFO will close on 4 September 2008. The new offer price of units Rs 10 per unit. It is a close-ended income schemes with maturity profile of 1 month. 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 scheme will display a maturity profile that is generally in line with the term of the scheme.The scheme will invest up to 100% in debt instruments and in money market instruments. It may invest up to a maximum of 100% of the scheme's net assets in fixed income derivatives. Debt securities may include securitised debt up to 100% of net assets. Debt instruments may include fixed income derivatives only for hedging and portfolio balancing up to 100% of scheme's net assets. The scheme has two plans i.e. regular and institutional plan. Both plans will provide growth and dividend reinvest option

UTI MF Declares Dividend Under FMP - 4 Sep 08

UTI Mutual Fund has announced the dividend under dividend option of UTI Fixed Maturity Plan - Quarterly Series-06-08/I. The record date for the declaration of dividend is 10 September 2008. The quantum of dividend will be 100% of distributable surplus available on the record date.

The NAV for the scheme under both retail and institutional plan was at Rs 10.1925 as on 1 September 2008. UTI Fixed Maturity Plan- Quarterly Series-06-08-/I is a close-ended umbrella income scheme seeking to generate regular income through investments in a debt or money market instruments and government securities with suitable maturity. The scheme will charge exit load as 1% of the NAV if redeemed on or before 90 days from the date of closure of the plan and no load thereafter.

DSP ML MF Commencing One Month FMP - 3 Sep 08

DSP Merrill Lynch Mutual Fund has unveiled DSP Merrill Lynch Fixed Maturity Plan 1 Month -Series 1 on 2 September 2008. The NFO will close on 4 September 2008. The new offer price of units Rs 10 per unit.

It is a close-ended income schemes with maturity profile of 1 month. 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 scheme will display a maturity profile that is generally in line with the term of the scheme.

The scheme will invest up to 100% in debt instruments and in money market instruments. It may invest up to a maximum of 100% of the scheme’s net assets in fixed income derivatives. Debt securities may include securitised debt up to 100% of net assets. Debt instruments may include fixed income derivatives only for hedging and portfolio balancing up to 100% of scheme’s net assets.

The scheme has two plans i.e. regular and institutional plan. Both plans will provide growth and dividend reinvest option.

DSP Merrill Lynch FMP 1 Month Series 1 will not charge an entry load for the scheme due to its close-ended structure. Whereas it would charge an exit load of 0.25%, if the investment is redeemed before the maturity date.

The minimum investment amount under regular plan will be Rs. 10,000 and in multiples of Re. 1 thereafter for the scheme. The minimum investment amount under institutional plan will be Rs.1 crore and in multiples of Re. 1 thereafter.

The benchmark index of the scheme is CRISIL Liquid Fund Index. Dhawal Dalal will manage the investments of the scheme

ICICI Pru Power Fund (G) Underperforms The Sensex Over All Time Periods - 3 Sep 08

Background: Prudential ICICI Asset Management Company Ltd manages prudential ICICI Mutual Fund. A joint venture between Prudence Plc, UK's leading insurance company and ICICI Bank Ltd. India's premier financial institution. Prudential ICICI Mutual Fund house has Rs. 55160.65 crore assets under management as on July 2008.

ICICI Pru Power Fund (G) an open-ended scheme launched in August 1994. The objective of the scheme is to seek to generate long-term capital appreciation from a portfolio invested in equities of core sector companies. The minimum investment amount is Rs 5000 and in multiples of Rs 500 thereafter. The unit NAV of the scheme was Rs 79.45 as on 29 August 2008.

Portfolio: The total net assets of the scheme increased by Rs 49.54 crore to Rs 787.91 crore in July 2008.

ICICI Pru Power Fund (G) took fresh exposure to three new stocks in July 2008. The scheme has purchased 1.82 lakh units (2.69%) of Tata Power Company, 1.99 lakh units (1.26%) of Ranbaxy Laboratories, 70005 units of (0.58%) of Axis Bank in July 2008.

The scheme completely exited from Jaiprakash Associates by selling 10.74 lakh units (2.09%) and IDBI Bank by selling 17.83 lakh units (1.56%) and Reliance Infrastructure by selling 77706 units (0.83%) among others in July 2008.

Sector-wise, the scheme did not take fresh exposure to any sector in July 2008.

Sector-wise, the scheme did not exit completely from any sector in July 2008.

The scheme had highest exposure to Reliance Industries with 3.15 lakh units (8.83% of Portfolio) followed by Bharti Airtel with 6.74 lakh units (6.84%), Infosys Technologies with 3.05 lakh units (6.13%), Larsen & Toubro with 1.59 lakh units (5.27%) and Bharat Heavy Electricals with 2.38 lakh units (5.08%) among others in July 2008.

It reduced its exposure to SREI Infrastructure Finance by selling 10.22 lakh to 4.87 lakh units (by 1.18%), Satyam Computer Services by 99453 units to 1.50 lakh units (by 0.75%) and Steel Authority of India by 3.18 lakh units to 6.96 units (by 0.68%) among others in July 2008.

Sector-wise, the scheme had highest exposure to Computers - Software – Large at 11.04% (from 11.25% in June 2008), Refineries at 8.83% (8.63%), Banks - Private Sector at 7.25% (5.74%) and Pharmaceuticals - Indian - Bulk Drugs & Formulation at 7.01% (6.01%) among others in July 2008.

Sector wise, the scheme had reduced exposure Construction to 4.07% (by 2.77%), Steel - Large to 4.40% (by 1.27%), Finance & Investments to 0.65% (by 1.18%) among others in July 2008.

Performance: The scheme underperformed the category average over most of the time periods. It has underperformed the Sensex over all time periods.

Over three-month period ended as on 28 August 2008, the scheme posted negative returns of 10.75% outperforming the category average that posted negative returns of 10.99%. It underperformed the Sensex, which has posted negative returns of 10.74% returns during the same period.

Since inception, the scheme posted 694.50% returns outperforming the category average of 161.03%.

AIG MF Unveils FMP- I- Series - I - 3 Sep 08

AIG Mutual Fund has launched AIG Fixed Maturity Plan - I- Series - I on 2 September 2008. The new issue will close for subscription on 10 September 2008. The duration of the scheme will 367 days from the date of allotment of units and the date of allotment is on 17 September 2008. The NFO price for the fund is Rs 10 per unit.

It is a close-ended income scheme. The objective of the scheme is to generate returns while endeavoring to manage interest rate volatility over the maturity period through a portfolio of fixed income securities.

AIG Fixed Maturity Plan - I- Series - I will have retail and institutional plan and each plan will have a growth and dividend option. The dividend option offers only dividend payout facility.

The schemes does not levy entry load, as it is of close-ended nature.

The scheme charges an exit load of 2.00% of applicable NAV if investment is redeemed on or before completion of 6 months, 1.50% of the applicable NAV if redeemed between 6 months-1 day and before completion of 12 months, and 1.00% of the applicable NAV if redeemed between 12 months-1 day and before completion of 18 months of the respective series, as applicable. The scheme will not levy exit load for the redemptions on maturity.

The minimum investment amount under retail plan is Rs 10,000 and in multiples of Re 1 thereafter. And for institutional plan, the minimum investment amount is Rs 1 crore and in multiples of Re 1 thereafter.

The scheme will invest its entire corpus in debt and money market securities. The scheme may invest upto 75% of the net assets in the debt securities. And the scheme may invest upto 100% of the net assets in the derivatives for the purpose of hedging and portfolio balancing purpose.

Benchmark of the scheme will be Crisil Short Term Bond Index.

Ruchir Parekh will be the fund manager of the scheme

The Scheme Will Have Two Investment Plans - 2 Sep 08

Principal Pnb MF has filed offer document with Sebi to launch Principal Pnb Fixed Maturity Plan 30 Days - Series VI. It is a close-ended debt scheme. The face value of the new issue will be Rs 10 per unit. The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities.

The scheme will have two investment plans viz. retail and institutional with growth & dividend options under each plan. Dividend option will further offer dividend payout and sweep facilities. The minimum subscription amount under retail option will be Rs 1000 and Rs 50 lakh under institutional plan. The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period The scheme will invest up to 100% in debt instrument and money market instruments. It will invest up to 100% in government securities. The scheme may invest up to 100% in the securitised debt. The scheme will not charge any entry load, due to its close ended nature. The scheme will charge 0.30% as an exit load from first NAV to maturity. And there will be no exit load for redemptions of units on maturity date of the scheme.

The Principle Pnb Mutual Fund Announced For 385 Days-Series V - 2 Se 08

The Principle Pnb mutual fund has announced the declaration of dividend under dividend option of Principle Pnb Fixed Maturity Plan-385 Days-Series V. The record date for dividend will be 4 September 2008. The AMC plans to distribute entire appreciation in the NAV of dividend option as on 4 September 2008 as dividend. The NAV of the scheme under regular plan was recorded at Rs 10.7865 and that of under institutional plan at Rs 10.8425 as on 28 August 2008.

Principle Pnb Fixed Maturity Plan-385 Days-Series V is close-ended debt scheme with an investment objective of building an income-oriented portfolio and providing returns along with regular liquidity to investors.

Kotak MF with Sebi to launch 24 months plan - 2 Sep 08

Kotak Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch Kotak 24 M ELN Series 1. It is a close-ended debt scheme. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The investment objective of the scheme is to generate returns through investments in equity linked notes and in debt & money market instruments.

The scheme offers two plan viz. retail, institutional and only regular plan with growth and dividend options. Dividend option further offers dividend payout and dividend reinvestment options. The scheme will invest up to 100% in debt and money market instruments and government secuirities with low to medium risk profile. Investment in securitised debt shall not exceed 50% of the net assets of the scheme. Investment in equity linked notes shall not exceed 80% of the net assets of the scheme. The scheme will not invest in foreign securities. The scheme will charge an entry load of 3.00%. No entry load will be charged for all direct applications received by AMC. Exit load is not applicable since redemption is possible only by selling on the stock exchange. The minimum application amount under retail plan will be Rs 25, 000 and in multiples of Re.1 thereafter and Rs 2 crore and in multiples of Rs 1 there after under institutional plan. The fund seeks to raise Rs 2 crore during NFO period.

ICICI Pru MF Announces Dividend - 1 Sep 08

ICICI Prudential Mutual Fund has declared dividend under dividend option of ICICI Prudential Interval Fund-II-Quarterly Interval Plan D. the fund house has decided to distribute 100% of the distributable surplus as on record date of 4 September 2008 on face value of Rs 10. ICICI Prudential Interval Fund-II-Quarterly Interval Plan D is a debt oriented interval scheme. The investment objective of the schme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

UTI MF Public Issue May Get Delayed Till Next Year - 1 Sep 08

Mumbai: The Initial Public Offering (IPO) of UTI Asset Management Company, the country's third largest fund house, is likely to get delayed till next year as the company has to apply afresh to SEBI. Besides, the fund house intends to tap the capital market only at a time when it feels that market conditions are favourable for an IPO.

The company would rather prefer to induct a strategic investor to raise funds and enhance its competency in the domestic mutual funds industry.UTI MF had filed its draft red herring prospectus (DRHP) with SEBI in January this year to sell around 4.8 crore equity shares.Now, following its decision to defer the IPO, the company has also put on hold its pre-IPO placement plans through which it was planning to off-load 11 per cent to strategic investors.The Government is now considering the induction of a strategic investor into UTI MF without diluting the majority stake of its for sponsors - State Bank of India, Punjab National Bank, Bank of Baroda and Life Insurance Corporation of India.

Kotak Quarterly Interval Plan Series 4 - 1 Sep 08

Kotak Mutual Fund has declared dividend under the dividend option of Kotak Quarterly Interval Plan Series 4. The fund house will distribute 100% distributable surplus as dividend available on the record date as 4 September 2008 on the face value of Rs 10. The unit NAV of the scheme as on 28 August was Rs 10.2000.

Kotak Quarterly Interval Plan Series 4 is an interval debt fund. The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.