TATA MF Files Offer Document With Securities - Oct 31, 2008

TATA Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch Tata Infrastructure Tax Saving Fund. It is a 10 year close-ended equity linked savings scheme (ELSS) with a compulsory lock-in period of 3 years. The face value of the new issue will be Rs 10 per unit. The investment objective of the scheme is to seek to provide medium to long term capital gain by investing predominantly in equity / equity. related instruments of the companies in infrastructure and infrastructure related sectors along with the income tax benefit to its unitholders.

The scheme will offer a single plan (ELSS Plan) with dividend and growth option. Dividend option will further offer reinvestment and payout facility. The minimum investment amount is Rs 500 and in multiples of Rs 500 thereafter. The scheme seeks to collect a minimum corpus of Rs 2 lakh during NFO period. Lock-in period: Investment in the scheme is subject to a lock in period of three years hence investors will not be able to redeem their units till the expiry of three years from the date of allotment.

After completion of three years' lock in period, repurchase facility will be provided on all business days at NAV based price plus exit load. The scheme will invest 80%-100% in equity & equity related instruments with high-risk profile. Out of the above the scheme will invest 65-100% in equity and equity related instruments of companies in infrastructure and infrastructure related sectors. The scheme will invest upto 20% in debt, money market and securitised debt instruments.

Taurus MF Commences 30 Days Fixed Maturity Plan - Oct 31, 2008

Taurus Mutual Fund has unveiled Taurus Fixed Maturity Plan -30 Days-Series 2 on 27 October 2008. The scheme is available for fresh subscription until 29 October 2008. The new issue price is at Rs 10 per unit during new fund offer period. Taurus Fixed Maturity Plan -30 Days-Series 2 is a close ended debt scheme, with an investment objective of generating income with minimum.volatility through investments in a portfolio of debt (including securitised debt) and money market instruments.

The 30 days FMP-Series 2 will have retail and institutional plan with growth and dividend option. The dividend option will be available under two sub-options - the payout option and the reinvestment option. Investors under retail plan should apply for minimum amount of Rs 5000 and under institutional plan they should invest minimum of Rs 10 lakh and in multiple of Re. 1 for fresh purchases and Re.0.01 for inter plan switches.

AM Plans To Distribute Entire Appreciation Inception Until - Oct 31, 2008

IDFC Mutual Fund has announced 3 November 2008 as the record date for declaration of dividend under dividend option of IDFC Fixed Maturity Plan-Quarterly Series 32. The AMC plans to distribute entire appreciation in the NAV of dividend option since inception until 3 November 2008 as dividend. IDFC Fixed Maturity Plan- Quarterly Series 32 is a close-ended income scheme. The investment objective of the schemes is to seek generate income by investing in a portfolio of debt and money market instruments.

The Fund Has Opened For Subscription The Scheme Duration - Oct 25, 2008

Birla Sun Life Mutual Fund has announced the launch of close-ended income scheme, Birla Sun Life Fixed Term Plan-Series BI. The initial issue of units is at Rs.10 per unit. The fund has opened for subscription on 23 October and will close on 04 November 2008. The scheme duration will be 370 days from the date of allotment. The 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. 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 reinvestment facilities. The minimum application amount under retail plan is Rs 5000 and in multiples of Re 1 thereafter. And the minimum application amount for institutional investor is Rs 1 crore and in multiples of Re 1 thereafter.

Banks Topple Engineering As Top Pick Of Mutual Funds - Oct 25, 2008

Financial services stocks have displaced engineering shares as the top pick of Indian mutual funds for a first time this year in September as a steep fall in their prices attracted asset managers. Nearly 200 diversified equity funds invested 15 percent of their collective equity assets in financial services, the highest this year, compared with 13.9 percent invested in engineering shares, according to data from fund tracker ICRA.

They are betting slowing inflation and growth will encourage policymakers to cut interest rates, helping domestic banks, which are also largely shielded from the global credit crunch. If you want to play the interest rate cycle and if you expect interest rates to come down, then financials is the best place to be, J. Venkatesan, who manages about 12 billion rupees for Sundaram BNP Paribas Asset Management, said. Stocks such as Housing Development Finance Corp, HDFC Bank and Kotak Mahindra Bank found favour with mutual funds in September.

Forty new funds added ICICI Bank, taking advantage of the 20 percent slump in its price, making it the second most preferred stock of the industry.India's bank index plunged more than 52 percent this year, steeper than the 50 percent fall in the benchmark index, slammed by monetary tightening to tame inflation and concerns about their exposure to the global crisis.

ICICI Mutual Fund Has Extended Closing New Offer - Oct 25, 2008

ICICI Prudential Mutual Fund has extended the closing date of New Fund Offer (NFO) period of ICICI Prudential S.M.A.R.T (Structured Methodology Aiming at Returns over Tenure) Fund - Series D - 24 Months till 20 November 2008 instead of 07 November 2008. The new fund offer was opened for subscription on 16 October 2008. ICICI Prudential S.M.A.R.T.

Fund-Series D seeks to invest in short term and medium term debt instruments with fixed and/or floating payouts linked to the equity indices normally maturing in line with the time profile of the scheme.

Mutual Fund Launched Primary Investment Objective - Oct 24, 2008

Reliance Mutual Fund launched Reliance Fixed Horizon Fund- X-Series 8. 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 volatilityPresently there are three plans.

Available under each series of the scheme i.e. Retail, Institutional and Super institutional plan with growth and dividend option. The dividend option offers only dividend payout facility.

Fund House Has Decided To Offer Dividend For Option - Oct 24, 2008

Birla Sun Life Mutual Fund has declared dividend under dividend option of Birla Sun Life Quarterly Interval Fund - Series 7. The record date for the dividend is 27 October 2008. The Fund house has decided to offer dividend for dividend option of the scheme. The quantum of dividend will be 100% of distributable surplus as on the record date of the scheme. The NAV for the Birla Sun Life Quarterly Interval Fund - Series 7 was Rs 10.2367 per unit as on 20 October 2008.

UTI Mutual Fund Has Unveiled Wealth Builder - Oct 24, 2008

Hyderabad: UTI Mutual Fund has unveiled 'UTI Wealth Builder Fund Series II', which combines the benefits of both equity and gold. It is an open-ended equity-oriented scheme that will look to get long-term capital appreciation by infusing predominantly in diversified portfolio of equity instruments along with gold and gold-related instruments. As per the regulatory guidelines, 0-35 per cent of allocation can be made for gold and related.

Instruments while 65-100 per cent can be in equity. The exact allocation pattern would be decided after the closure. Gold is generally considered a safe haven in times of economic upheavals and volatile equity markets.

HSBC Fixed Term Series 67 Ended Income Fund - Oct 23, 2008

HSBC Mutual Fund has announced that the launch of HSBC Fixed Term Series 67, a close-ended income fund on 23 October 2008. The initial offering period will close on 15 November 2008. The face value of the new fund is Rs 10 per unit. The investment objective of the plan 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 offers two options under viz. regular and institutional with dividend reinvestment and growth sub-option.

Franklin Templeton Mutual Fund Has Extended - Oct 23, 2008

Franklin Templeton Mutual Fund has extended the closing date of the New Fund Offer (NFO) of Templeton Fixed Horizon Fund - Series XI-Plan D to 3 November 2008. Earlier the scheme was supposed to close on 22 October 2008. The new fund launched for fresh subscription on 16 October 2008. Accordingly, date of allotment, maturity date and Stipulated dates for redemption have also been revised. The date of allotment is revised to 4 November 2008. The scheme will have maturity period of 1 year i.e. on 6 November 2009.

To provide liquidity to investors, the Fund proposes to provide repurchase facility at stipulated dates for redemption in case of Plan D. Stipulated dates for redemption have been revised as follows: At the end of the 3rd, 6th, 9th, month from the date of allotment as given below: Revised dates are 5 February 2009, 5 May 2009 and 5 August 2009.

Reliance MF Declares Dividend Under Monthly - Oct 23, 2008

Reliance Mutual Fund has declared dividend under dividend option of Reliance Interval Fund - Monthly Interval Fund -Series II. The record date for the dividend is 27 October 2008. The Fund house has decided to offer dividend on the face value of Rs 10 per unit for both plans viz. retail and institutional plans. The quantum of dividend will be 100% of distributable surplus as on the record date.

The NAV for the Reliance Interval Fund - Monthly Interval Fund -Series II under retail plan is Rs 10.0642 per unit and under Institutional plan is Rs 10.0662 per unit as on 20 October 2008.

ICICI Pru MF Extends NFO Period For FMP - Oct 22, 2008

ICICI Prudential Mutual Fund has extended the closing date of New Fund Offer (NFO) period of ICICI Prudential Fixed Maturity Plan Series 47 - 3 Months Plan D till 22 October 2008 instead of 21 October 2008. The new fund offer was opened for subscription on 20 October 2008. It is a close-ended debt fund, with an objective 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.

DBS Chola MF Files An Offer Document - Oct 22, 2008

DBS Chola Mutual Fund filed an offer document to (Securities And Exchange Board of India) Sebi to launch new fund namely DBS Chola Tax Advantage Fund - Series I, a 10 year close ended equity linked saving scheme.The new issue price will be Rs 10 per unit.The investment objective of the Scheme is to seek to generate long-term capital growth from a diversified.

portfolio of predominantly equity and equity-related securities and also enabling investors to get income tax rebate as per the prevailing.Tax Laws and subject to applicable conditions. The scheme two options namely dividend payout and cumulative option. Both the options i.e. dividend and cumulative under scheme.

Mutual Funds Result Of Gross Purchases - Oct 22, 2008

Mutual funds (MFs) purchased shares worth a net Rs 218.80 crore on Monday, 20 October 2008, as compared to their inflow of Rs 112.70 crore on Friday, 17 October 2008. MFs' net inflow of Rs 218.80 crore on 20 October 2008 was a result of gross purchases Rs 566.40 crore and gross sales Rs 347.60 crore. The BSE Sensex jumped 247.74 points or 2.48% to 10,223.09 on that day. MFs were net buyers of shares worth Rs 101.60 crore in this month, till 20 October 2008.

Jm Financial Mf Fixed Maturity Monthly Plan - Oct 21, 2008

JM Financial Mutual Fund has declared dividend under dividend option of JM Fixed Maturity Fund -Series XIII-Monthly Plan 1. The record date for the dividend is 23 October 2008. The Fund house has decided to offer dividend for both plans viz, regular and institutional plans of the scheme. The quantum of dividend will be the realized appreciation in the NAV of the plan/option till the record date.

The NAV for the JM FMF - Series XIII-Monthly Plan 1 under regular plan is Rs 10.0726 per unit and under Institutional plan is Rs 10.0752 per unit as on 17 October 2008. JM FMF- Series XIII - Monthly Plan 1, a close-ended income scheme, launched in September 2008 with an investment aim of generating regular returns through investments in fixed income securities normally maturing in line with the time profile of the monthly plan.

Mutual Funds Continue Purchased Shares - Oct 21, 2008

Mutual funds (MFs) purchased shares worth a net Rs 112.70 crore on Friday, 17 October 2008, as compared to their inflow of Rs 431.60 crore on Thursday, 16 October 2008. MFs' net inflow of Rs 112.70 crore on 17 October 2008 was a result of gross purchases Rs 575 crore and gross sales Rs 462.30 crore. The BSE Sensex lost 606.14 points or 5.73% to 9,975.35 on that day. MFs were net sellers of shares worth Rs 117.20 crore in this month, till 17 October 2008.

Abn Amro Mf Makes Changes Short Term - Oct 21, 2008

ABN Amro Mutual Fund has announced the revision under the institutional plus plan of ABN Amro Short Term Income Fund. The changes will be effective from 21 October 2008. According to the notice the fund house has announced to revise the minimum application amount under institutional plus plan from Rs 10 crore to Rs 5 crore. The fund house has also announced revision in exit load structure.

According to the proposed revision the fund will charge an exit load of 0.15% if the units are redeemed switched out within 90 days from the date of investment. As per the existing the provision the scheme charge an exit load of 0.25% if the investment is redeemed within 15 days from the date of investment.

Fund House Decided To Distribute On The Face Value - Oct 20, 2008

Birla Sun Life Mutual Fund has declared dividend under the retail plan quarterly dividend option of Birla Sun Life Dynamic Bond Fund. The fund house has decided to distribute 0.65% (Re 0.065 per unit on the face value of Rs 10 per unit) as dividend on the record date of 22 October 2008. The scheme recorded a NAV of Rs 10.6089 per unit as on 16 October 2008. Birla Sun Life Dynamic Bond Fund is an open ended income scheme with an objective to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.

Edelweiss MF Declares Dividend - Oct 20, 2008

Edelweiss Mutual Fund has declared dividend under the dividend option of Edelweiss Monthly Interval Fund-Series 1. The fund house has decided to distribute 100% distributable surplus as dividend on the face value of Rs 10 per unit as dividend on the record date of 22 October 2008. The scheme recorded a NAV of Rs 10.0660 per unit as on 15 October 2008. Edelweiss Monthly Interval Fund-Series 1 is an interval income scheme with an objective to generate regular income through investments in debt and money market instruments.

IDFC MF Declares Dividend - Oct 20, 2008

IDFC Mutual Fund has declared dividend under the dividend option of IDFC Fixed Maturity Plan-Monthly Series 5 (IDFC -FMP-MS5). The fund house has decided to distribute entire appreciation in Net Asset Value (NAV) of dividend option since inception until 23 October 2008 as dividend subject to availability of distributable surplus. Record date for the purpose of declaring dividend has been fixed as 23 October 2008.

IDFC Fixed Maturity Plan-Monthly Series 5 (IDFC -FMP-MS5) is close ended income scheme with an objective to generate income by investing in a portfolio of debt and money market instruments maturing in line with the duration of the scheme.

Deutsche MF Declares Dividend - Oct 18, 2008

Deutsche Mutual Fund has announced dividend of 100% of the available distributable surplus as on record date under DWS Fixed Term Fund Series 57. The fund offers dividend under regular and institutional plan. The record date for the same has been fixed as 22 October 2008. All investors registered under the dividend option of the scheme, whose names appear in the register of unit holders at the close of business hours on 22 October 2008, will receive this dividend.

The NAV under the dividend plan of the scheme as on 15 October 2008 was Rs 10.2086. The fund was launched in July 2008, aims of generating regular by investing in fixed income securities money market instruments usually maturing in line with the time profile of the fund.

ING MF Declares Dividend Under Quarterly Interval Fund - Oct 18, 2008

ING Mutual Fund has announced 22 October 2008 as the record date for declaration of dividend for ING Interval Fund- Quarterly Interval Fund-C (an interval income scheme) on face value of Rs 10 per unit. The record date for the purpose of dividend declaration has been fixed as 22 October 2008. The fund house has approved the declaration of dividend for regular and monthly dividend options under retail and institutional plan.

The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 22 October 2008 as dividend.The NAV under retail plan with monthly dividend option was at Rs 10.0941 and regular dividend option at Rs 10.0812 as on 15 October 2008.

The NAV under institutional plan was at Rs 10.0945 and Rs 10.0816, for monthly and regular dividend option, respectively, as on 15 October 2008. Specified transaction period of ING Interval Fund- Quarterly Interval Fund-C shall be 23 October 2008.

Mutual Funds Purchased Shares Worth - Oct 18, 208

Mutual funds (MFs) purchased shares worth a net Rs 431.70 crore on Thursday, 16 October 2008 as compared to their outflow of Rs 382.90 crore on Wednesday, 15 October 2008. MFs' net inflow of Rs 431.70 crore on 16 October 2008 was a result of gross purchases Rs 927.70 crore and gross sales Rs 496 crore. The BSE Sensex lost 227.63 points or 2.11% to 10,581.49 on that day. MFs were net sellers of shares worth Rs 229.90 crore in this month, till 16 October 2008.

Religare Aegon MF Plans To Launch Tax Saver Fund - Oct 17, 2008

Religare Aegon Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Religare Aegon Tax Saver Fund, an open-ended equity linked savings scheme with a lock in period of 3 years. The face value of the new issue will be Rs 10 per unit. The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments including equity derivatives.

The scheme will offer growth & dividend options. Dividend option will further offer monthly dividend payout and reinvestment facility. The minimum application amount will be Rs 500 and in multiples of Rs 500 thereafter. The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period. The scheme will invest 80- 100% in equity and equity related instruments with high-risk profile. It will invest up to 20% in money market instruments and debt securities with low to medium risk. Investment in securitised debt including pass through certificate (PTC) shall not exceed 20% of the net assets of the respective plans.

The scheme invest maximum of 20% of the net assets in the derivatives. The scheme shall not deploy more than 30% of its net assets in securities lending and more than 5% of the net assets of the respective plan will be deployed in securities lending to any single counterparty.

The scheme will charge an entry load of 2.25% in respect of each purchase/ switch in of units less than Rs 5 crore in value. In respect of each of each purchase/ switch in of units greater than Rs 5 crore in value, no entry load is payable. However, investors will not be allowed pay exit load

Taurus MF Extends NFO Period For FMP - Oct 17, 2008

Taurus Mutual Fund has extended the closing date of New Fund Offer (NFO) period of Taurus Fixed Maturity Plan -370 Days-Series 1 till 23 October 2008 instead of 16 October 2008. The new fund offer was opened for subscription on 8 October 2008. The new issue price is at Rs 10 per units during new fund offer period.taurus Fixed Maturity Plan -370 Days-Series 1 is a close ended debt scheme, with an investment objective of generating income with minimum volatility through investments in a portfolio of debt (including securitised debt) and money market instruments.

The FMP-Series 1 will have retail and institutional plan with growth and dividend option. The dividend option will be available under two sub-options - the payout option and the reinvestment option.Investors under retail plan should apply for minimum amount of Rs 5000 and under institutional plan they should invest minimum of Rs 10 lakh and in multiple of Re. 1 for fresh purchases and Re.0.01 for inter plan switches. The scheme will invest its entire corpus in debt & money market instrument including securitised debts. The fund will not charge an exit load as the scheme is of close-ended nature. Exit load is 1% for redemptions before maturity. The benchmark index for this scheme is the Crisil Short Term Bond Index. The fund manager for the scheme is Kumar Nathani.

IDFC MF Plans To Launch Fmps-Monthly Series - Oct 17, 2008

IDFC mutual fund has filed an offer document with Securities and Exchange Board of India (Sebi) to launch new fund named as IDFC Fixed Maturity Plan-Monthly Series. It is close-ended income scheme offering ten plans: IDFC Fixed Maturity Plan-Monthly Series 15 to 24. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing normally in line with duration of the scheme.

Each plan will offer dividend and growth options. The minimum application amount will be Rs 5000 and in multiples of Re.1. The scheme invests 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 assets of the plans

Fidelity MF Plans To Launch European Dynamic - Oct 17, 2008

Fidelity mutual fund has filed an offer document with Securities and Exchange Board of India (Sebi) to launch Fidelity European Dynamic Growth Fund, an open ended fund of funds scheme. The offer price of units will be of Rs 10 each.The scheme will invest primarily in Fidelity Funds - European Dynamic Growth (IND) Fund, an offshore fund launched by Fidelity Funds (an open ended investment company incorporated in Luxembourg) and similar to an Indian mutual fund scheme.

The investment objective of Fidelity Funds - European Dynamic Growth (IND) Fund is to aim to achieve long-term capital growth, principally through investment in an actively managed portfolio of companies that have their head office or exercise a predominant part of their activity in Europe. The Fidelity Funds - European Dynamic Growth (IND) Fund will typically have a bias towards medium sized companies with a market capitalisation of between 1 and 10 billion Euros. The scheme offers investment options namely dividend and growth. The dividend option offers dividend payout and dividend re-investment facilities. The minimum investment amount is Rs. 5000.

HDFC MF Declares Dividend For Its 181 Days Plan - Oct 16, 2008

HDFC Mutual Fund has announced 20 October 2008 as the record date for declaration of dividend under dividend option of HDFC FMP 181D April 2008, a fixed maturity plan under HDFC Fixed Maturity Plans-Series VII, on face value of Rs 10 per unit. The Fund house has decided to offer dividend under 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. 10.4054 per unit as on 13 October 2008.

HDFC Fixed Maturity Plans -181D April 2008 is a close-ended income scheme. The investment objective of the scheme is to seek to generate regular income through investments in debt/ money market instruments and government securities

Mutual Funds In Selling Mode Sold Shares Worth - Oct 16, 2008

Mutual funds (MFs) sold shares worth a net Rs 260.80 crore on Tuesday, 14 September 2008 as compared to their inflow of Rs 520.50 crore on Monday, 13 October 2008. MFs' net outflow of Rs 260.80 crore on 13 October 2008 was a result of gross purchases Rs 541.30 crore and gross sales Rs 802.10 crore. The BSE Sensex rose 174.31 points or 1.54% to 11,483.40 on that day. MFs were net sellers of shares worth Rs 276.40 crore in this month, till 14 October 2008.

HDFC Mutual Fund House Commenced Initial - Oct 16, 2008

HDFC Mutual Fund house has commenced initial offering period of HDFC Fixed Maturity Plan 90 Days October 2008 (2) under HDFC Fixed Maturity Plans-Series IX. The new offer period (NFO) will be open for subscription on 17 October and close for subscription on 21 October 2008. The face value of new issue is Rs 10 per unit.HDFC FMP 90 Days October 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 October 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 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. HDFC 90 Days plan will not levy entry load charged due to its close-ended structure. It may charge 0.75% an exit load if the units are redeemed or switched out before maturity.

Icici Prudential Interval Fund Annual Plan - Oct 16, 2008

ICICI Prudential Mutual Fund has announced dividend under dividend option of ICICI Prudential Interval Fund - Annual Interval Plan III. The record date for the declaration of dividend is 20 October 2008. The fund house has decided to distribute 100% of distributable surplus available under dividend option as on record date. The NAV for retail plan was Rs. 10.7963 per unit as on 13 October 2008.

ICICI Prudential Interval Fund- Annual Interval Plan III is a debt oriented interval scheme with an investment objective of generating regular consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

Lotus India MF Quarterly Interval Fund - Oct 15, 2008

Lotus India Mutual Fund has launched Lotus India Quarterly Interval Fund - Plan J, a debt oriented interval scheme on 14 October 2008. The new issue will be closed for subscription on 15 October 2008. The NFO price for the fund is Rs 10 per unit.The objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

The scheme will be having regular and institutional plans with growth and dividend sub plan. Dividend option will offer reinvestment and payout facilities. The minimum investment amount under regular plan is Rs 5,000 and in multiples of Re 1 thereafter and the investment amount under the institutional plan is Rs 50,000 and in multiples of Re 1 thereafter.

RBI Extends 14-Days Facility To Help Out MF - Oct 15, 2008

RBI has extended special fixed rate 14-Day repo under Liquidity Adjustment Facility (LAF), which was announced and conducted on 14 October 2008. RBI conducted a special 14 day repo at 9% per annum against eligible securities for amount of Rs.20,000 crore in order to enable the banks to meet the liquidity requirements of mutual funds. While only Rs 3500 crore of this facility were utilised by the banks. Thus, the 14-day repo facility will now be conducted everyday until further notice up to a cumulative amount of Rs 20,000 crore for the same purpose to give relief mutual fund industry.

Birla Sun MF Life Short Term Fund - Oct 15, 2008

Birla Sun Life mutual fund has approved the introduction of daily dividend option and weekly dividend option with reinvestment facility under dividend option of Birla Sun Life Government Securities Fund-Short Term Fund, an open-ended gilt scheme with effect from 15 October 2008.

The units will be available for purchase to investors at Rs 10 and at NAV based price, thereafter. The options introduced under the scheme will have the same investment objective, portfolio, minimum application amount, load structure and expense ration as that of the existing options. All other features and terms and conditions of the scheme shall remain unchanged.

Mutual Funds In Buying To Compared Outflow - Oct 14, 2008

Mutual funds (MFs) purchased shares worth a net Rs 315.20 crore on Friday, 10 September 2008 as compared to their outflow of Rs 118.50 crore on Wednesday, 8 October 2008. MFs' net inflow of Rs 315.20 crore on 10 October 2008 was a result of gross purchases Rs 1097.10 crore and gross sales Rs 781.90 crore. The BSE Sensex lost 800.51 points or 7.07% to 10,527.86 on that day. MFs were net sellers of shares worth Rs 536 crore in this month, till 10 October 2008.

Principle Pnb MF Fixed Maturity Record Dividend - Oct 14, 2008

The Principle Pnb Mutual Fund has announced dividend under dividend option of Principle Pnb Fixed Maturity Plan-30 Days-Series II. The record date for dividend will be 16 October 2008. The AMC plans to distribute net appreciation in the NAV of dividend option on 16 October 2008 will be paid as dividend. The NAV of the scheme under regular and institutional plan was at Rs 10.0651 as on 8 October 2008. Principle Pnb Fixed Maturity Plan-30 Days-Series II is close-ended debt scheme with an investment objective of building an income-oriented portfolio and providing returns along with regular liquidity to investors.

LIC Mutual Fund Postpones Dhanvarsha Launch - Oct 14, 2008

The LIC Mutual Fund has postponed the launch of its new monthly income scheme called 'Dhanvarsha (10)' due to unavoidable circumstances. The scheme was scheduled to be launched on July 7. The fund would announce the fresh date of the opening of the scheme in due course.

The Mutual Fund said there would be no collections under the scheme at the designated bank branches all over the country, according to a release. The fund has also advised its marketing network of agents, chief agents, area offices, branches and divisional offices and designated collecting bank branches not to commence collections under the scheme.

Reliance MF Declares Dividend For Fixed Horizon Fund - Oct 13, 2008

Reliance Mutual Fund has announced 16 October 2008 as the record date for declaration of dividend on the face value of Rs 10 per unit of Reliance Fixed Horizon Fund -X -Series- 15, a close-ended income scheme. The fund will offer dividend for retail and institutional and super institutional plans of scheme. The fund house has decided to distribute 100% of surplus available as on record date.

The NAV of scheme under retail, institutional and super institutional plans were at Rs 10.0986 as on 8 October 2008. Reliance Fixed Horizon Fund - X -Series- 15 launched in September 2008, aims 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 plan with objective of limiting interest rate volatility.

Taurus MF Commences 370 Days FMP - Oct 13, 2008

Taurus Mutual Fund has unveiled Taurus Fixed Maturity Plan -370 Days-Series 1 on 8 October 2008. The scheme is available for fresh subscription until 16 October 2008. The new issue price is at Rs 10 per units during new fund offer period. Taurus Fixed Maturity Plan -370 Days-Series 1 is a close ended debt scheme, with an investment objective of generating income with minimum volatility through investments in a portfolio of debt (including securitised debt) and money market instruments.

The FMP-Series 1 will have retail and institutional plan with growth and dividend option. The dividend option will be available under two sub-options - the payout option and the reinvestment option. Investors under retail plan should apply for minimum amount of Rs 5000 and under institutional plan they should invest minimum of Rs 10 lakh and in multiple of Re. 1 for fresh purchases and Re.0.01 for inter plan switches. The Fund seeks to collect a minimum of Rs. 2 crore in the New Fund Offer

Jm Fixed Maturity Fund Plan Institutional - Oct 13, 2008

JM Financial Mutual Fund has declared dividend under dividend option of JM Fixed Maturity Fund -Series VII-13 Monthly Plan 1 and JM Fixed Maturity Fund -Series X-Quarterly Plan 5. The record date for the dividend is 15 October 2008.

The Fund house has decided to offer dividend for both plans viz, regular and institutional plans of both above-mentioned schemes. The quantum of dividend will be the realized appreciation in the NAV of the plan/option till the record date. The NAV for the JM Fixed Maturity Fund -Series VII-13 Monthly Plan 1 under regular plan is Rs 10.0205 and under Institutional plan is Rs 10.0199 as on 8 October 2008. The NAV for the JM Fixed Maturity Fund -Series X-Quarterly Plan 5 under regular plan is Rs 10.0231 and under Institutional plan is Rs 10.0327 as on 8 October 2008.

Templeton Annual Interval Plan Waits For Sebi Approval - Oct 11, 2008

Franklin Templeton Mutual fund has filed an offer document with Securities and Exchange Board of India (Sebi) to launch Templeton Annual Interval Plan. The scheme is an interval income fund. The new issue price will be Rs 10 per unit. The fund will offer six plans- Plan A to F.

The investment objective of the scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities. Each plan may offer growth and dividend option. Dividend option will offer dividend reinvestment and payout facilities. The minimum application amount under the scheme will be Rs 5000 or any amount in multiples of Re 1 thereafter. The scheme seeks to collect Rs 1 crore as minimum subscription amount during NFO period in each plan.

Reliance MF Commences Fixed Horizon Fund - Oct 11, 2008

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund - X - Series 7. It is the close-ended income scheme. The new issue will open for subscription from 10 October to 20 October 2008. The NFO price for the fund is Rs 10 per unit. The scheme will mature on 18 months 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 scheme with the objective of limiting interest rate volatility. Reliance Fixed Horizon Fund - X - Series 7 will have retail, institutional and super institutional plan and each plan will have a growth and dividend payout option.

New Issue Will Be Open The Subscription - Oct 11, 2008

Kotak Mutual Fund has launched Kotak Fixed Maturity Plan -19M Series 1 on 29 September 2008. The new issue will be open for the subscription till 13 October 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 19 months from the date of allotment.

The investment objective plan is to generate regular returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme offers two plans viz. retail and institutional plan with growth and dividend options. The dividend option under both plans will further offer dividend payout and dividend reinvestment facilities.

Canara Robeco MF Declares Dividend Under - Oct 10, 2008

Canara Robeco Mutual Fund has announced 13 October 2008 as the record date for declaration of dividend under dividend option of Canara Robeco Fixed Maturity Plan-Series 3 (Quarterly Plan-2). The fund house has decided to distribute entire appreciation in the NAV as dividend as on record date. The NAV of the scheme under both retail and institutional plan was Rs 10.2459 as on 6 October 2008.

The maturity date of the Canara Robeco Fixed Maturity Plan-Series 3-(Quarterly Plan-2) is shifted from 9 October 2008 to 13 October 2008. Canara Robeco Fixed Maturity Plan-Series 3 is a close-ended debt scheme with an aim of generating income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

HSBC Fixed Term Close Ended Income Scheme - Oct 10, 2008

HSBC Mutual Fund has declared dividend under dividend option of HSBC Fixed Term Series 60 (HFTS 60). The fund house has decided to distribute 100% of surplus available under dividend option of regular and institutional plan on record date. The record date for the same will be 13 October 2008. Pursuant to the payment of dividend, the NAV of the scheme will fall to the extent of dividend distribution and statutory levy (if any).

The NAV of HFTS 60 under regular plan was Rs 10.0677 and Rs 10.0684 for institutional plan as on 6 October 2008. HSBC Fixed Term Series 60 is a close-ended income scheme, which seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of plan.

BSE Sensex Lost Mfs Were Sellers - Oct 10, 2008

Mutual funds (MFs) sold shares worth a net Rs 306.70 crore on Tuesday, 7 September 2008 as compared to their outflow of Rs 231.10 crore on Monday, 6 October 2008. MFs' net outflow of Rs 306.70 crore on 7 October 2008 was a result of gross purchases Rs 578.80 crore and gross sales Rs 885.50 crore. The BSE Sensex lost 106.46 points or 0.9% to 11,695.24 on that day. MFs were net sellers of shares worth Rs 732.70 crore in this month, till 7 October 2008.

Morgan Stanley MF Waits For Sebi Approval - Oct 8, 2008

Morgan Stanley Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Ultra Short-Term Bond Fund. It is an open-ended debt scheme. The face value of the new issue will be Rs 10 per unit. The investment objective is to generate income from a portfolio of short-term debt and money market securities. The scheme will offer two plans regular and institutional plus plan with growth & dividend options. Dividend option will further offer dividend payout and reinvestment facility.

he minimum application amount under regular plan is Rs 5, 000 and in multiples of Re 1 thereafter. Under institutional plus plan, the minimum amount is Rs 1 crore and in multiples of Re 1 thereafter. The scheme seeks to collect a minimum corpus of Rs 5 crore during NFO period.

Mutual Funds Continue Selling - Oct 8, 2008

Mutual funds (MFs) sold shares worth a net Rs 231.10 crore on Monday, 6 September 2008, as compared to their outflow of Rs 342.80 crore on Friday, 3 October 2008. MFs' net outflow of Rs 231.10 crore on 6 October 2008 was a result of gross purchases Rs 528.10 crore and gross sales Rs 759.20 crore. The BSE Sensex lost 724.62 points or 5.78% to 11,801.70 on that day. MFs were net sellers of shares worth Rs 426 crore in this month, till 6 October 2008.

Jm Fixed Maturity Fund - Monthly Plan - Oct 8, 2008

JM Financial Mutual Fund has launched JM Fixed Maturity Fund - Series XIII - Monthly Plan 3. The initial offer period is opened for fresh subscription only on 7 October 2008. The NFO price for the fund is Rs 10 per unit. It is a close-ended income scheme with 31 days of maturity. The monthly plan seeks to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the plan.

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.

Fund House Has Decided To Distribute - Oct 7, 2008

Birla Sun Life Mutual Fund has declared dividend under the dividend option in retail and institutional plan of Birla Sun Life Fixed Term Plan-Series AC. The fund house has decided to distribute 100% distributable surplus as dividend on record date of 9 October 2008 on face value of Rs 10 per unit. The scheme retail plan recorded a NAV of Rs 10.7930 per unit and institutional plan recorded a NAV of Rs 10.8354 per unit as on 1 October 2008.

Birla Sun Life Fixed Term Plan-Series AC is a close ended income scheme with an objective to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.

Religare Aegon Files Offer Document With Sebi - Oct 7, 2008

Religare Aegon Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Liquid Fund. It is an open-ended liquid scheme. The face value of the new issue will be Rs 10 per unit. The scheme seeks to provide optimal returns and liquidity through a portfolio comprising of debt securities and money market instruments. The scheme will offer three plans retail, institutional and super institutional plan with growth & dividend options.

Dividend option will further offer dividend payout and reinvestment facility. The minimum application amount under retail plan is Rs 1, 000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum amount is Rs 1 lakh and in multiples of Re 1 thereafter. And under super institutional plan the minimum amount is Rs 1 lakh and in multiples of Re 1 thereafter.

Fund-Income Optimiser Icici Prudential Blended - Oct 7, 2008

ICICI Prudential Mutual Fund has announced dividend under dividend options of ICICI Prudential Balanced Fund, ICICI Prudential Equity and Derivatives Fund-Income Optimiser Plan and ICICI Prudential Blended Plan-Plan A. The record date for the declaration of dividend is 10 October 2008. The quantum of dividend under ICICI Prudential Balanced Fund will be Re 1.00 per unit (10%), Re 0.50 per unit (0.5%) for both ICICI Prudential Equity and Derivatives Fund-Income Optimiser Plan and ICICI Prudential Blended Plan-Plan A.

JM Financial MF Announces Changes In SIP - Oct 6, 2008

JM Financial Mutual Fund has announced changes in the load structure for Systematic Investment Plan (SIP) of all equity schemes with effect from 3 October 2008:

Existing load structure:

In case of investments made through Systematic Investment Plan

Entry load: Nil

Exit load: 2.25% if redeemed within 2 years of allotment/transfer of units of respective installments.

Revised load:

In case of investments made through Systematic Investment Plan

Entry load: 2.25%

Exit load: 1% if redeemed within 1 year of allotment/transfer of units of respective installments.

In case of Systematic Transfer Plan, the entry load will continue to be Nil and the exit load will be 2.25% if redeemed within 2 years of allotment/transfer of units of respective installments.

Franklin Templeton MF Launches TFHF- X-D - Oct 6, 2008

Franklin Templeton mutual fund has launched Templeton Fixed Horizon Fund - Series X-D (TFHF-X-D). It is a close - ended income fund with tenure of 3 months from the date of allotment. The scheme will open for subscription from 6 October to 8 October. The face value of scheme is Rs 10 per unit. The date of allotment will be 10 October 2008 and the scheme will mature on 9 January 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 scheme offers growth option and dividend option. The dividend option further offers payout facility. 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.

Birla Sun Life Quarterly Interval Fund - Oct 6, 2008

Birla Mutual Fund has announced 08 October 2008 as the record date for declaration of dividend under dividend option of Birla Sun Life Quarterly Interval Fund Series 5 on face value of Rs 10 per unit. The fund house has decided to distribute 100% of distributable surplus available under dividend option of the plan on record date. The NAV for the scheme under was Rs. 10.2378 per unit as on 1 October 2008. After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any.

Enerate Regular Returns Income Securities Normally - Oct 4, 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 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.

Kotak FMP Series Fund Has Distribute - Oct 4, 2008

Kotak Mutual Fund has declared dividend under dividend option of Kotak FMP 3M Series 32. The fund has decided to distribute 100% of distributable surplus as dividend available as on the record date of 7 October 2008 on the face value of Rs 10. The scheme recorded NAV of Rs 10.2011 per unit as on 29 September 2008.

Kotak FMP 3M Series 32 is a close ended debt scheme with an objective to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

HDFC MF Extends NFO Of FMP 90D - Oct 4, 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.

Fixed Income Securities Normally Maturing - Oct 3, 2008

UTI Mutual Fund has announced dividend under dividend option of UTI Short Term Fixed Maturity Plan-Series I-I (90 days). The record date for the declaration of dividend is 7 October 2008. The dividend will be offered for both retail and institutional plan. 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 of retail plan was at Rs. 10.2305 per unit and for institutional plan was Rs 10.2306 per unit as on 29 September 2008.

UTI Short Term Fixed Maturity Plan-Series I-I is a close-ended income scheme with scheme tenure of 90 days. 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.

ICICI Prudential MF Declares Dividend - Oct 3, 2008

ICICI Prudential Mutual Fund has announced dividend under dividend option of ICICI Prudential Interval Fund - Annual Interval Plan II. The record date for the declaration of dividend is 06 October 2008. The fund house has decided to distribute 100% of distributable surplus available under dividend option for both retail and Institutional plans as on record date. The NAV for retail plan is Rs. 10.3770 per unit and for the institutional plan is Rs 10.3923 per unit as on 29 September 2008.

Principal Pnb Fixed Maturity Plan Series - Oct 3, 2008

The Principal Pnb Mutual Fund has announced the declaration of dividend under dividend option of Principal Pnb Fixed Maturity Plan-91 Days-Series XVI. The record date for dividend has been fixed as 1 October 2008. The AMC plans to distribute entire appreciation in the NAV of dividend option on 1 October 2008 will be paid as dividend. The NAV of the scheme was at Rs 10.2306 as on 25 September 2008. Principal Pnb Fixed Maturity Plan-91 Days-Series XVI is close-ended debt scheme with an investment objective of building an income-oriented portfolio and providing returns along with regular liquidity to investors.

Mutual Funds (Mfs) Sold Shares - Oct 1, 2008

Mutual funds (MFs) sold shares worth a net Rs 38 crore on 29 September 2008 compared to their selling of Rs 66.70 crore on Friday, 26 September 2008. MFs' net outflow of Rs 38 crore on 29 September 2008 was a result of gross purchases Rs 632.80 crore and gross sales Rs 670.80 crore. The BSE Sensex plunged 506.43 points or 3.87% to 12,595.75 on that day. MFs were net buyers of shares worth Rs 1887.20 crore in this month, till 29 September 2008.

Rewards Of Investing And Generation - Oct 1, 2008

ICICI Prudential Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch ICICI Prudential R.I.G.H.T Fund (Rewards of Investing and Generation of Healthy Tax Savings). It is a close-ended equity linked savings scheme. The face value of the new issue will be Rs 10 per unit. ICICI Prudential R.I.G.H.T Fund is a ten year close-ended equity linked savings scheme that seeks to generate long-term capital appreciation to unit-holders from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with income tax benefit.

The investment policies shall be framed in accordance with SEBI (Mutual Funds) Regulations, 1996 and rules and guidelines of Equity Linked Savings Scheme (ELSS), 2005 (and modifications to them). There are two options available under the scheme viz. growth and dividend option. Dividend option will have dividend payout facility only.

Birla Sun Life Fixed Term Plan-Series MF- Oct 1, 2008

Birla Sun Life Mutual fund has announced the launch of its close-ended income scheme, Birla Sun Life Fixed Term Plan-Series BG. The initial issue of units is at Rs.10 per unit. The fund opens for subscription on 30 September and will close on 08 October 2008. The scheme duration will be 370 days from the date of allotment. The 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.

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 application amount under retail plan is Rs 5000 and in multiples of Re 1 thereafter. And the minimum subscription amount for institutional investor is Rs 1 crore and in multiples of Re 1 thereafter.