Escorts MF Declares Dividend For Its Two Schemes - Dec 26, 2008

Escorts Mutual Fund has announced dividend for Escorts Income Plan and Escorts Opportunities Fund. The record date for the distribution of dividend is set as 31 December 2008.The amount of dividend is set at Rs 0.040 and Rs 0.080 under Escorts Income Plan and Escorts Opportunities Fund, respectively.

NAV for Escorts Income Plan under dividend option was at Rs 11.1596; NAV under growth option was Rs 26.9829 and that of bonus option at Rs 14.2093 as on 23 December 2008.NAV for Escorts Opportunities Fund under dividend option was Rs 10.2806 and that of under growth option was Rs 23.6553 as on 23 December 2008.

HDFC Top 200 Fund (G) Outperforms The Sensex Over All Time Periods - Dec 26, 2008

Background: HDFC Assets Management Company is sponsored by Housing Development Finance Corporation Limited (HDFC) and Standard Life Investment Ltd. HDFC incorporated in 1977 as the first specialized housing finance institution in India. HDFC AMC was incorporated on 10 December 1999, and today manages assets worth Rs. 44262 crore at the end of November 2008.

HDFC Top 200 Fund (G) an open-ended equity scheme launched in August 1996.The objective of the scheme is to generate long-term capital appreciation from a portfolio of equity investments among the largest quoted Indian Companies. The minimum investment amount is Rs.5000 and in multiples of Rs.100 thereafter. The unit NAV of the scheme was Rs.92.02 as on 23 December 2008.

Portfolio: The total net assets of the scheme decreased by Rs. 64.95 crore to Rs.1843.60 crore in November 2008.

HDFC Top 200 Fund (G) took fresh exposure to only one stock in November 2008. The scheme has purchased 20.00 lakh units (2.56%) of Hindustan Unilever in November 2008.

The scheme completely exited from GAIL (India) by selling 7.50 lakh units (0.84%), Ranbaxy Laboratories by selling 4.42 lakh units (0.39%) and Suzlon Energy by selling 10.99 lakh units (0.26%) among others in November 2008.

Sector-wise, the scheme took no fresh exposure to any sector in November 2008. Sector-wise, the scheme did not exit completely from any sector in November 2008.

The scheme had highest exposure to Infosys Technologies with 8.95 lakh units (6.04% of Portfolio Size) followed by Reliance Industries with 8.39 lakh units (5.16%), ICICI Bank with 25.02 lakh units (4.77%) and State Bank of India with 7.83 lakh units (4.62%) among others in November 2008.

It has reduced its exposure to Satyam Computer Services by selling 11.00 lakh units to 12.15 lakh units (by 2.10%), Larsen & Toubro by selling to 2.39 lakh units to 3.50 lakh units (by 1.11%), Housing Development Finance Corporation to 4.18 lakh units (0.53%) and Siemens by selling 2.94 lakh units to 7.15 lakh units (by 0.53%) among others in November 2008.

Sector-wise, the scheme had highest exposure to Computers - Software - Large at 11.34% (13.45% in October 2008), followed by Refineries at 10.78% (8.52%), Banks - Private Sector at 10.04% (11.05%) and Banks – Public Sector at 8.54% (7.80%) among others in November 2008.

Sector wise, the scheme had reduced exposure to Computers - Software - Large at 11.34% (by 2.11%), Engineering–Turnkey Services to 1.38% (1.11%), Banks - Private Sector at 10.04% (by 1.01%) and Electric Equipment to 3.92% (0.74%) among others in November 2008.

Performance: The scheme outperformed the category average over all time periods. It has outperformed the Sensex over all time periods.

Over three-month period ended as on 23 December 2008, the scheme posted negative return of 25.22% outperforming the category average that has posted the negative returns of 26.01%. It outperformed the Sensex that posted the negative return of 28.62% during the same period.

Since inception, the scheme posted 820.06% returns outperforming the category average of 75.66%.

Fortis MF Introduces Additional Plan Under Interval Fund - Dec 26, 2008

Fortis Mutual Fund has introduces the additional plan viz. Institutional plan under the Fortis Interval Fund Series 2 - Quarterly Plan M & Fortis Interval Fund Series 2 - Quarterly Plan N. The institutional plan under Fortis Interval Fund Series 2 - Quarterly Plan M will open and close for subscription on 29 December 2008 while the institutional plan under Fortis Interval Fund Series 2 - Quarterly Plan N will open and close for subscription on 05 January 2009.

The details of the Institutional plan under Schemes,The institutional plan will offer growth and dividend options with two facilities viz. automatic renewal and automatic redemption facility with the default facility as automatic renewal. On the other hand, the Dividend option will have monthly dividend, quarterly dividend and quarterly dividend frequency.

Under the institutional plan, the minimum application amount is Rs 1 crore and thereafter-in multiples of Re 1. The Plan will not ask any entry load. However, there may be an exit load 4% at all time, except the interval periods.Fortis Interval Fund Series 2 - Quarterly Plan is a debt oriented interval fund with an aim to generate steady returns through investments made in fixed income securities, with a provision to offer liquidity at periodic interval.

Deutsche MF Declares Dividend For Its Various FTPs - Dec 26, 2008

Deutsche Mutual Fund has announced dividend under dividend option of DWS Fixed Term Plan- Series 52, DWS Fixed Term Plan- Series 54, and DWS Fixed Term Plan- Series 59. The dividend will be declared for both regular and institutional plan of the above mentioned FTPs. The record date for dividend will be 31December 2008.

DWS Fixed Term Plan- Series 52,The AMC has declared Rs 0.25 per unit as dividend on face value of Rs 10 per unit of DWS Fixed Term Plan- Series 52. The NAV of the scheme under regular and institutional plan was at Rs 10.2751 per unit and Rs 10.2984 per unit, respectively as on 17 December 2008.

DWS Fixed Term Plan- Series 54,DWS FTP-Series 54 will offer Rs 0.17 per unit as a quantum of dividend on face value of Rs 10. The NAV for regular & institutional plan was at Rs 10.2053 & Rs 10.2355, respectively as on 17 December 2008.

DWS Fixed Term Plan- Series 59,DWS FTP-Series 59 will propose Rs 0.17 per unit as amount of dividend on face value of Rs 10. The NAV for regular & institutional plan was at Rs 10.1879 & Rs 10.1951, respectively as on 17 December 2008.

UTI Bond Fund Revises Exit Load - Dec 24, 2008

UTI Mutual Fund has revised the load structure of UTI Bond Fund, an open-ended pure debt fund with effect from 24 December 2008. As per the revision, For investment amount less than or equal to Rs 1 crore, the fund will levy exit load of 0.75% if exited on or before 365 days from the date of acceptance.

Earlier, for investment amount less than Rs 10 lakh, the fund had charged 0.50% exit load if exited on or before 180 days from the date of investment. While, for investment amount greater than Rs 1 crore, no exit load was applicable. Earlier it was earlier for investment greater than or equal to Rs 10 lakh.

The UTI Bond Fund does not charge an entry load. UTI Bond Fund launched May 1998 with an investment objective to provide regular savings facility, easy liquidity, and attractive post-tax returns through capital gains. The entire investment of the fund is in debt and money market instruments with low to medium risk profile.

Tata MF Declares Dividend Under Fixed Horizon Fund - Dec 24, 2008

Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for Tata Fixed Horizon Fund-Series 19-Scheme F. The record date is set as 29 December 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. 10.2910 & Rs 10.2943, respectively, as on 22 December 2008.

Tata Fixed Horizon Fund-Series 19-Scheme F was launched in September 2008. It is a close-ended debt scheme with an aim of generating income and/or capital appreciation by investing in wide range of debt and money market instruments.

Reliance MF Declares Dividend For Fixed Horizon Fund - Dec 24, 2008

Reliance Mutual Fund has announced 29 December 2008 as the record date for declaration of dividend on the face value of Rs 10 per unit of Reliance Fixed Horizon Fund–IV-Series.The fund will offer dividend for retail and 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 plan was at Rs 10.1682 per unit and for institutional plan was recorded at Rs 10.1805 per unit as on 22 December 2008.

Reliance Fixed Horizon Fund - IV-Series 6 is a close ended income scheme with an objective 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.

Edelweiss MF Declares Dividend For Monthly Interval Fund -Dec 24, 2008

Edelweiss Mutual Fund has declared dividend under dividend option of Edelweiss Monthly Interval Fund – Series 1. The record date for the dividend is 29 December 2008.The quantum of dividend will be 100% of the available distributable surplus of the scheme as on the record date for the face value of Rs 10 per unit. The NAV for the scheme was at Rs 10.0549 per unit as on 22 December 2008.

After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any. The Fund house has shifted Specified Transaction Period to 30 December 2008 instead of 24 December 2008. Monthly interval scheme offers for subscription/switch-in and redemption/switch-out of units without any load during the specified transaction period. The specified transaction period would be on the 30th day from the date of allotment or on the last business day of the interval period. The scheme offers redemption & switch out on all business days, other than the specified transaction period subject to applicable load conditions.

The scheme was launched in September 2008. The investment objective of Edelweiss Monthly Interval Fund – Series 1 is to generate regular income through investments in debt & money market instruments. The fund manager for the scheme is Bhupesh Kalyani.

Taurus MF Announces Changes - Dec 23, 2008

Taurus Mutual Fund has announced the following changes in the load structure for investments under Taurus Income Fund:For investments less than Rs. 50 lacs, exit load of 2% will be charged if units are redeemed within 1 year, or 1% if units are redeemed after 1 year but within 2 years. For investments of Rs. 50 lacs and more, an exit load of 0.50% will be charged if units are redeemed within 6 months.

Earlier, an exit load of 0.25% was charged if units were redeemed within 3 months. Taurus Income Fund is an open ended bond fund with an investment objective to maximise income through a basket of debts, bonds, debentures, government securities and money market instruments etc of varying maturities while maintaining safety and liquidity.

Fidelity MF Declares Dividend - Dec 23, 2008

Fidelity Mutual Fund has announced a dividend of Rs. 0.70 per unit (Face Value of Rs.10 per unit) in its open-ended, gilt scheme, the Fidelity Flexi Gilt Fund, subject to availability of distributable surplus. All investors registered in the Dividend Option as on 26 December 2008 will be entitled to this dividend which will be tax-free in the hands of the investors.

On the ex-dividend date, the NAV of the dividend option will reduce in line with the amount of dividend declared and statutory levy (if applicable). Under the dividend reinvestment option, the dividend declared will be re-invested at the ex-dividend NAV.

Fidelity Flexi Gilt Fund, an open ended gilt scheme that aims to generate sovereign linked returns primarily through investments in securities issued by the Central/State Government or any security unconditionally guaranteed by the Central/State Government. Sameer Kulkarni is the fund manager of the Fidelity Flexi Gilt Fund, which is benchmarked to the I Sec Composite Gilt Index.

DSP Blackrock MF Declares Another Dividend - Dec 23, 2008

DSP BlackRock Mutual Fund (MF) has declared a dividend of 1.85% per unit of face value of Rs 10 per unit, under the dividend option of the DSP BlackRock Short Term Fund.

The fund house has fixed 26 December 2008, as the record date for the payment of dividend, pursuant to payment of which, the NAV would fall to the extent of dividend payout and statutory levy, if applicable.

All unit holders registered on or before the record date would be eligible to receive the dividend. The NAV of the scheme stood at Rs 10.91 per unit, as on 19 December 2008.

The scheme seeks to generate income commensurate with prudent risk, from a portfolio constituted of money market securities, floating rate debt securities and debt securities.

Kotak Global India (G) Underperforms The Sensex - Dec 23, 2008

Background: Kotak Mahindra Asset Management Company Ltd. manages Kotak Mahindra Mutual Fund (KMMF), a wholly owned subsidiary of Kotak Mahindra Bank Ltd. Kotak Mahindra Mutual Fund launched its schemes in December 1998. The fund house manages assets worth Rs 14474.21 crore at the end of November 2008.

Kotak Global India (G) an open-ended equity scheme launched in December 2003. The objective of the scheme is sought to generate capital appreciation from a diversified portfolio of predominantly equity and equity and equity related securities issued by globally competitive Indian companies. The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs.15.10 as on 22 December 2008.

Portfolio: The total net assets of the scheme decreased by Rs 3.95 crore to Rs 39.26 crore in November 2008.

Kotak Global India (G) took fresh exposure to only one stock in November 2008. The scheme has purchased 5000 units (1.38%) of Sun Pharmaceuticals Industries in November 2008.

The scheme completely exited from Hanung Toys and Textiles by selling 62400 units (1.04%) in November 2008.

Sector-wise, the scheme took no fresh exposure to any sectors in November 2008.Sector-wise the scheme did not exit completely from any sector in November 2008.

The scheme had highest exposure to ICICI Bank with 75000 units (6.72% of portfolio size) Oil & Natural Gas Corpn with 35000 units (6.18%), Reliance Industries with 20000 units (5.78%) and Divis Laboratories with 18000 units (5.62%) among others in November 2008.

It reduced its exposure to Reliance Industries by selling 5000 units to 20000 units (by 2.18%), Thermax to 45000 units (by 1.40%), Zee Entertainment Enterprises to 1.25 lakh units (by 0.98%) and United Phosphorus to 1.51 lakh units (by 0.58%) among others in November 2008.

Sector-wise, the scheme had highest exposure to Pharmaceuticals - Indian - Bulk Drugs at 8.14% (6.92% in October 2008), Oil Drilling/Allied Services at 7.32% (6.62%), Banks - Private Sector at 6.72% (6.92%) and Refineries at 5.78% (7.96%) among others in November 2008.

Sector wise, the scheme had reduced exposure to Refineries to 5.78% (by 2.18%), Engineering to 1.98% (by 1.40%), and Entertainment/Electronic Media Software to 3.47% (by 0.98%) among others in November 2008.

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

Over three-month period ended as on 22 December 2008, the scheme posted negative returns of 35.70% underperforming the category average, which had given negative returns of 25.96%. It underperformed the Sensex that has posted negative returns of 29.06% during the same period.

Since inception, the scheme posted 54.23% returns underperforming the category average of 78.86%.

Magnum Index Fund Revises Exit Load Structure - Dec 22, 2008

SBI Mutual Fund has revised the exit load structure for Magnum Index Fund. The changes are to be done with effect from 22 December 2008. Consequently, the Magnum Index Fund will ask load of 1.00% of applicable NAV if the investment is redeemed within 7 business days from the date of investment. Before the revision, the scheme was not charging an exit load. Magnum Index Fund is an index scheme with an investment objective of tracking the S&P CNX Nifty Index with minimum tracking error.

DBS Chola Tax Advantage Fund Series I Floats On - Dec 22, 2008

DBS Chola Mutual Fund has commences initial offer period of DBS Chola Tax Advantage Fund - Series I from 19 December 2008 till 19 March 2009. The Fund is a close ended equity linked saving scheme.The scheme aims 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.

SBI Blue Chip Fund Outperforms The Over Most Of The Periods - Dec 22, 2008

Background: SBI Funds Management Ltd manages SBI Mutual Fund a wholly owned subsidiary of India's premier and largest bank; the State Bank of India. SBI Mutual Fund set up in June 1987. SBI Mutual Fund house has Rs. 23168.09 crore assets under management at the end of November 2008. The AMC has already launched a range of products to suit different risk and maturity profiles.

SBI Blue-Chip Fund (G) an open-ended equity diversified scheme launched in December 2005.The objective of the scheme is to provide investors with opportunities for long term growth in capital through an active management of investments in a diversified basket of equity stocks of companies whose market capitalization is at least equal to or more than the least market capitalized stock of BSE 100 index. The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 6.77 as on 19 December 2008.

Portfolio: The total net assets of the scheme decreased by Rs 56.34 crore to Rs 638.36 crore in November 2008.SBI Blue-Chip Fund (G) took fresh exposure to one stock in November 2008. The scheme has purchased 32,332 units (0.10%) of CESC in November 2008.The scheme exits completely from Unitech by selling 57,835 units (0.04%) in November 2008.Sector-wise, the scheme did not take fresh exposure to any sector in November 2008.

Sector-wise, the scheme not exited completely from any sector in November 2008.The scheme had highest exposure to Reliance Industries with 2.79 lakh units (4.95% of Portfolio) followed by ITC with 16.26 lakh units (4.42%), ICICI Bank with 6.77 lakh units (3.73%) and Reliance communications with 10.51 lakh units (3.22%) among others in November 2008.

It reduced its exposure to Thermax by selling 533 units to 7.60 lakh units (1.45%), Hindustan Unilever by selling 2.97 lakh units to 1.21 lakh units (0.89%), Bharti Airtel by selling 1.00 lakh units to 1.43 lakh units (0.77%) and Satyam Computer Services by selling 1.00 lakh units to 4.09 lakh units (0.68%) among others in November 2008.

Sector-wise, the scheme had highest exposure to Refineries at 7.93% (7.78% in October 2008), followed by Electric Equipment at 5.60% (6.13%) and Computers - Software - Large at 5.51% (6.87%) among others in November 2008.Sector wise, the scheme had reduced exposure in Engineering to 2.08% (by 1.45%), Computers - Software - Large to 5.51% (by 1.36%) and Personal Care – Multinational to 0.45% (by 0.89%) among others in November 2008.

Performance: The scheme underperformed the category average over most of the time periods. It has outperformed the Sensex over most of the time periods.Over three-month period ended as 19 December 2008, the scheme posted negative returns of 25.29% outperforming the category average that posted negative returns of 25.43%. It outperformed the Sensex that posted negative returns of 28.08% returns during the same period.Since inception, the scheme posted negative returns of 22.53% underperforming the category average of 80.22%.

Fidelity Flexi Gilt Fund Is An Gilt Scheme With An Investment - Dec 22, 2008

Fidelity Reliance Mutual Fund has declared dividend under dividend option of Fidelity Flexi Gilt Fund. The record date for the dividend is 26 December 2008.The Fund house has decided to offer 7.00% dividend i.e. Rs 0.70 per unit on the record date. The scheme has recorded the NAV of Rs 12.4027 per unit as on 19 December 2008.

Fidelity Flexi Gilt Fund is an open ended gilt scheme with an investment objective to generate sovereign linked returns primarily through investments in sovereign securities issued by the Central Government and/ or a State Government or repos/ reverse repos in such securities or any security unconditionally guaranteed by the Central / State Government.

Jpmorgan Rolls Out Asset Management India Has Tax Fund - Dec 20, 2008

Mumbai: JPMorgan Asset Management India has rolled out JPMorgan India Tax Advantage Fund. IT is an open-ended scheme and will mainly invest in equity and equity-related instruments and investments. The scheme opened on December 18 and will close on January 16. It is benchmarked against the BSE 200 index. The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio.

The fund plans to allocate a minimum of 80 per cent and a maximum of 100 per cent of its assets to equity and equity related securities and up to 20 per cent in debt and money market instruments. The minimum application amount is Rs 500 and in multiples of Rs 500 thereafter. The entry load is 2.25 per cent for investments less than Rs 5 crore and nil for investments over Rs 5 crore. The JPMorgan India Tax Advantage Fund is essentially an equity fund with a three-year lock-in period.

IDFC Super Saver Income Fund-Plan A Revises Exit Load - Dec 20, 2008

IDFC Mutual Fund has approved changes in the exit load structure of the Plan A under IDFC Super Saver Income Fund-Investment Plan, Medium Term Plan, and Short Term Plan with effect from 18 December 2008. As per the notice, the fund will levy 1% exit load in case of investors who purchase/switch in amount less than or equal to Rs 1 crore and redeem/switch out such investment within 1 year from the date of purchase/ switch in. No exit load will be applicable in case of purchase of amount greater than Rs 1 crore whether redeemed partly or fully. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load.

The fund will charge 0.50% exit load in case of investors who purchase/switch in amount less than or equal to Rs 1 crore and redeem/switch out such investment within 6 months from the date of such purchase/ switch in. No exit load will be applicable in case of purchase of amount greater than Rs 1 crore whether redeemed partially or fully. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be charged an exit load.

Principal Index Fund Will Offer Rs 3.7500 Per Unit As Dividend - Dec 20, 2008

The Principal Pnb Mutual Fund has announced dividend under dividend option of Principal Monthly Income Plan, Principal Monthly Income Plan-MIP Plus, Principal Government Securities Fund, Principal Income Fund, and Principal Index Fund. The record date for dividend will be 24 December 2008.

Principal Monthly Income Plan and Principal Monthly Income Plan-MIP Plus,Both the above-mentioned funds will distribute Rs 0.1200 per unit as dividend under quarterly dividend option. The NAV of Principal Monthly Income Plan was at Rs 11.0355 pr unit and that of Principal Monthly Income Plan-MIP Plus was at Rs 11.1368 as on 18 December 2008.

Principal Government Securities Fund,The fund will offer dividend under quarterly dividend option in investment and saving plan. The rate of dividend will be Rs 0.2000 per unit under investment plan and Rs 0.1000 per unit under savings plan. The NAV of Principal Government Securities Fund- Investment plan was at Rs 13.0644 and Principal Government Securities Fund- Savings plan at Rs 10.7247 as on 18 December 2008.

Principal Income FundThe rate of dividend under quarterly dividend option will be Rs 0.1500 per unit under regular plan and Rs 0.2000 per unit under institutional plan. The NAV of the scheme was at Rs 11.6431 and Rs 12.6162 under regular and institutional plan respectively as on 18 December 2008.

Principal Index FundPrincipal Index Fund will offer Rs 3.7500 per unit as dividend on face value of Rs 10 per unit. The NAV of the scheme was recorded at Rs 16.5289 per unit as on 18 December 2008.

Jm Financial Mf Revises Exit Load Structure For Jm G-Sec Fund - Dec 20, 2008

JM Financial Mutual Fund has revised the exit load structure for JM G-Sec Fund - regular plan and PF Plus plan. The change in exit load is effective from 18 December 2008. Both the plans under the scheme do not charge an entry load. In case of investment amount less than or equal to Rs 50 lakh, the fund will ask 0.75% of exit load if redeemed /switched out within 365 days from date of investment.

For investment amount of greater than Rs 50 lakh, there will be no exit load. Earlier, in case of investments less than or equal to Rs 2 lakh, 0.25% was the exit load if redeemed within 90 days from the date of investments. No exit load for investment amount greater than Rs 2 lakh.

The PF Plus Plan has increased exit load to 1.00% if redeemed /switched out within 365 days from the date of investment from earlier 0.60% if redeemed /switched out / fixed period redemption option (FPRO) within 180 days from the date of investment. Trigger options in JM G-Sec Fund viz. Fixed Period Redemption Option (FPRO), Automatic Annual Reinvestment Option (AARO), and Automatic Capital Appreciation Withdrawal Option (ACAWO) stand withdrawn with effect from 18 December 2008.

JM Financial MF Declares Dividend For JM QIF - 1 - Dec 19, 2008

JM Financial Mutual Fund has declared dividend in dividend option of regular and institutional plan under JM Interval Fund-Quarterly Plan 1 (JM QIF-1). The fund house has decided to distribute realized appreciation in the NAV of the plan/option till record date of 22 December 2008 as dividend.

JM Interval Fund-Quarterly Plan 1 regular plan dividend option recorded a NAV of Rs 10.2663 per unit and institutional plan dividend option recorded a NAV of Rs 10.2803 per unit as on 16 December 2008. JM Interval Fund-Quarterly Plan 1 is a debt oriented interval fund aims to generate predictable returns over a predetermined period by investing in a portfolio of fixed income securities normally maturing along with the time profile of the respective plans.

DBS Chola Contra Fund (G) Underperforms - Dec 19, 2008

Background: DBS Cholamandalam AMC Limited is an assets management company, which offers mutual funds to retail and institutional investors. The company was set up in 1996, as a joint ventura with Cazenove Investment management of the UK. In 2001, the Muragappa Group acquired Cazenove's stake in the company; today CAMC is a subsidiary of Cholamandalam Investment & Finance Company Limited (CIFCL). CAMC is known for its prudent philosophy in fund management. DBS Chola Triple Ace, India's first AAA-rated mutual fund scheme, has not only retained its rating since inception, but also has a consistent track record of dividend payments. Based in Mumbai, the fund house manages Rs 1121.47 crore of assets as on November 2008.

DBS Chola Contra Fund (G) an open-ended equity scheme launched in January 2006. The objective of the scheme is to generate capital appreciation by investing in equity and equity related instruments by using a contrarian strategy. Contrarian investing refers to buying into fundamentally sound scripts which have underperformed / not performed to their full potential in their recent past. The minimum investment amount is Rs.5000 and in multiples of Rs.1 thereafter. The unit NAV of the scheme was Rs 5.88 as on 18 December 2008.

Portfolio: The total net assets of the scheme decreased by Rs 2.79 crore to Rs 6.48 crore in November 2008.

DBS Chola Contra Fund (G) took fresh exposure to four new stocks in November 2008. The scheme has purchased 24,914 units (1.81%) of Idea Cellular, 9993 units (1.25%) United Phosphorus, 1252 units (1.14%) Financial Technologies (India) and 353 units (0.66%) Divis Laboratories among others in November 2008.

The scheme completely exited from Jaiprakash Hydro-Power by selling 1.50 lakh units (4.46%), Visaka Industries by selling 50748 units (2.27%), Great Offshore by selling 5998 units (2.14%) and Infosys Technologies by selling 1005 units (1.50%) among others in November 2008.

Sector-wise, the scheme took fresh exposures to Pesticides / Agrochemicals – Indian at 1.25% and Computers - Software - Medium / Small at 1.14% among others in November 2008.

Sector-wise, the scheme exited completely from Cement Products at 2.27%, Shipping at 2.14%, Sugar at 1.71% and Computers - Software – Large at 1.50% among others in November 2008.

The scheme had highest exposure to Reliance Industries 2506 lakh units (4.38% of portfolio), Reliance Communication 10,005 units (3.02%), Housing Development Finance Corporation 1254 units (2.83%) and ITC 10074 units (2.70%) among others in November 2008.

It reduced its exposure to ICICI Bank by selling 6981 units to 3503 units (by 0.2.62%), Reliance Communication by selling 4951 units to 10005 units (by 0.54%), and Reliance Industries by selling 805 units to 2506 units (by 0.52%) among others in November 2008.

Sector-wise, the scheme had highest exposure to Construction at 7.27% (from 7.61% in October 2008), Power Generation and Supply at 6.74% (8.90%), Refineries at 5.51% (5.83%) and Telecommunications – Service Provider at 4.83% (3.56%) among others in November 2008.

Sector wise, the scheme had reduced exposure to Banks - Private Sector to 3.71% (by 2.81%), Power Generation and Supply to 6.74% (by 2.16%) and Banks - Public Sector to 1.68% (by 0.90%) among others in November 2008.

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

Over three-month period ended as on 18 December 2008, the scheme posted negative return of 31.33% underperforming the category average that posted negative returns of 25.53%. It underperformed the Sensex that posted negative returns of 26.75% during the same period.

Since inception, the scheme posted negative returns of 42.80% underperforming the category average of 75.39%.

Reliance MF Declares Dividend For Fixed Horizon Fund - Dec 19, 2008

Reliance Mutual Fund has announced 24 December 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 4.

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 plan was recorded at Rs 10.2723 per unit as on 17 December 2008.

Reliance Fixed Horizon Fund - X-Series 4 is a close ended income scheme with an objective 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.

ICICI Prudential MF Declares Dividend For Quarterly Interval Plan B - Dec 19, 2008

ICICI Prudential Mutual Fund has declared dividend in the dividend option institutional plan of ICICI Prudential Interval Fund IV– Quarterly Interval Plan-B. The fund house has decided to distribute 100% distributable surplus as dividend on the record date of 24 December 2008. the fund offers dividend for both retail and institutional plan.

The NAV under retail and institutional plan was at Rs 10.2632 and Rs 10.2715 per unit, respectively as on 17 December 2008.

ICICI Prudential Interval Fund IV– Quarterly Interval Plan-B is a debt oriented interval scheme with an investment objective to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt and money market securities.

The scheme charges 2% as an exit load if redemption is done at anytime other than specified transaction period. No exit load will be charged for redemption during specified transaction period.

DSP BR MF Declares Dividend For 3 Months Plan - Dec 18, 2008

DSP BlackRock Mutual Fund has declared dividend under dividend reinvest option of the regular and institutional plan of DSP BlackRock Fixed Maturity Plan-3M-Series 15, a close-ended income scheme. The record date for dividend is 22 December 2008.

The quantum of dividend under the Regular Plan

Individuals: Rs 0.240710 per unit and Others: Rs 0.224034 per unit

The quantum of dividend under the Institutional Plan

Individuals: Rs 0.245002 per unit and Others: Rs 0.228029 per unit

The NAV of the regular plan was recorded at Rs 10.2650 and Rs 10.2694 under institutional plan as on 17 December 2008.

Scheme Features DSP BlackRock FMP 3M-Series 15 was launched in September 2008, a close-ended income scheme with maturity profile of 3 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.

DSP Merrill Lynch FMP 3 Months- Series 15 charges an exit load of 0.50%, if the investment is redeemed before the maturity date.

Dhawal Dalal is handling the investments under this scheme.

IDFC MF Revises Exit Load For Two Schemes - Dec 18, 2008

IDFC Mutual Fund has approved changes in the exit load structure of the IDFC Dynamic Bond Fund -Plan A and Government Securities Fund-Investment Plan A with effect from 18 December 2008.

IDFC Dynamic Bond Fund -Plan A: According to the notice, the fund will charge 1% exit load in case of investors who purchase/switch in amount less than or equal to Rs 10 lakh and redeem/switch out such investment within 1 year from the date of effecting such purchase/ switch in. No exit load will be applicable in case of purchase of amount greater than Rs 10 lakh whether redeemed partly or fully. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load.

Government Securities Fund-Investment Plan -A: The fund will charge 1% exit load in case of investors who purchase/switch in amount less than or equal to Rs 10 lakh and redeem/switch out such investment within 1 year from the date of such purchase/ switch in. No exit load will be applicable in case of purchase of amount greater than Rs 10 lakh whether redeemed partly or fully. Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load.

JM Financial MF Declares Dividend For JM QIF - 1 - Dec 18, 2008

JM Financial Mutual Fund has declared dividend in dividend option of regular and institutional plan under JM Interval Fund-Quarterly Plan 1 (JM QIF-1).The fund house has decided to distribute realized appreciation in the NAV of the plan/option till record date of 22 December 2008 as dividend.

JM Interval Fund-Quarterly Plan 1 regular plan dividend option recorded a NAV of Rs 10.2663 per unit and institutional plan dividend option recorded a NAV of Rs 10.2803 per unit as on 16 December 2008.

JM Interval Fund-Quarterly Plan 1 is a debt oriented interval fund with an investment objective to generate predictable returns over a predetermined period by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the respective plans.

UTI MF Declares Dividend Under Fixed Income Interval Fund - Dec 18, 2008

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund-Monthly Interval Plan I and the record date is December 23, 2008. UTI Fixed Income Interval Fund- Monthly Interval Plan I is a debt oriented interval scheme with income-oriented portfolio consisting G-sec and other fixed income and debt securities.

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 as on 15 December 2008 for both retail and institutional plan was at Rs. 10.0468 and Rs 10.0469 per unit respectively.

For redemptions during specified transaction period, the fund will not ask exit load while the redemptions other than specified transaction period will attract 0.50% exit load. The specified transaction date will be 23 December 2008. The objective of investment 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.

Raising MF Borrowing Limit Considered On The Sample Result - Dec 17, 2008

At the SEBI Board meeting on December 4, the borrowing limit for mutual funds to be raised from the current 20 per cent to 40 per cent of their net assets was discussed. The net assets would be considered for period of six months ranging from the date of letter issued to the concerned mutual fund. The market regulator said that this is for the purpose of mutual funds meeting their redemptions listed under the agenda for the board meeting. The Urban investors account 71 per cent of the 4.44 crore investors of mutual funds industry.

As such their net assets add up to 86 per cent of the total assets. The discrepancy exists as the IIEF survey was conducted on a certain sample and the figures quoted were projected figures based on the sample results, said SEBI. Also, the sample consisted of people within the age group of 18 to 59. SEBI, on the other hand, had collected data of unit holders directly from the mutual fund houses.

Benchmark Fund Extends Period Proportion In The Index - Dec 17, 2008

Benchmark Mutual Fund has extended the closing date of New Fund Offer (NFO) period of Benchmark S&P CNX 500 Fund till 16 December 2008 in place of 15 December 2008. The new fund offer was opened for subscription on 17 November 2008. Benchmark S&P CNX 500 Fund is an open-ended index scheme aims to generate capital appreciation through equity investments by investing in securities.which are constituents of S&P CNX 500 Index in the same proportion as in the index.

For investment less than Rs 2 crore, the scheme charges an exit load of 1.50% if redeemed within 1 year from the date of allotment, 1.00% if redeemed after 1 year but within 2 years from the date of allotment and 0.50% if redeemed after 2 years but within 3 years from the date of allotment. It will not charge any exit if redeemed after 3 years from the date of allotment. For investments of Rs 2 crore and more, the scheme will charge 0.50% of an exit load if redeemed up to 3 months from date of allotment and nil for the redemption made after 3 months from the date of allotment.

Reliance Monthly Plan For Its Two Schemes Is Growth Of Capital - Dec 17, 2008

Reliance Mutual Fund has announced the declaration of dividend under dividend option of Reliance Medium Term Fund and Reliance Monthly Income Plan. The record date is set as 22 December 2008.Reliance Medium Term Fund,The quantum of dividend will be 2.57% i.e. Rs 0.2572 per unit on face value of Rs 10 per unit. The NAV has been recorded at Rs 10.9484 as on 15 December 2008.

Reliance Medium Term Fund, an open-ended income scheme, launched in August 2000, with an investment objective of generating regular income in order to make regular dividend payments to unit holders and the secondary objective is growth of capital Reliance Monthly Income Plan.

The Fund will offer dividend under retail plan at 0.60% i.e. Rs 0.0600 per unit on face value of Rs 10 per unit. The NAV has been recorded at Rs 11.5285 as on 15 December 2008.Reliance Monthly Income Plan, an open-ended income scheme launched in December 2003. The investment objective of the scheme is to generate regular income in order to make regular dividend payments to unit holders and the secondary objective is growth of capital.

LIC MF Savings Plus Fund An Open Payment On Weekly - Dec 17, 2008

LIC Mutual Fund has announced changes in scheme name, dividend payout frequency and minimum application amount under LICMF Short Term Plan. The changes will be effective from 1 January 2009.The scheme proposed to change the name of LICMF Short Term Plan to LICMF Savings Plus Fund, an open ended debt fund with daily (payment on weekly basis), weekly and monthly dividend option while earlier it had only monthly dividend option.

The minimum investment amount has been lessened to Rs 5000 and multiples of Re 1 thereafter from Rs 10000 and multiples of Re 1 thereafter.For weekly dividend option every Monday will be the record date and for the daily option dividend will be declared at the end of each business day.

Benchmark S&P CNX 500 Fund Extends NFO Period - Dec 16, 2008

Benchmark Mutual Fund has extended the closing date of New Fund Offer (NFO) period of Benchmark S&P CNX 500 Fund till 16 December 2008 instead of 15 December 2008. The new fund offer was opened for subscription on 17 November 2008.

Benchmark S&P CNX 500 Fund is an open-ended index scheme. The investment objective of the scheme is to generate capital appreciation through equity investments by investing in securities, which are constituents of S&P CNX 500 Index in the same proportion as in the index.

The scheme will not levy any entry load.For investment less than Rs 2 crore, the scheme charges 1.50% of an exit loads if redeemed within 1 year from the date of allotment. 1.00% if redeemed after 1 year but within 2 years from the date of allotment. 0.50% if redeemed after 2 years but within 3 years from the date of allotment. And it will not charge any exit if redeemed after 3 years from the date of allotment.

For investments of Rs 2 crore and more, the scheme will charge 0.50% of an exit load if redeemed up to 3 months from date of allotment and nil for the redemption made after 3 months from the date of allotment.

The minimum application amount will be Rs 10,000 and in multiples of Re. 1 thereafter. And the minimum amount for the subsequent purchase will be Rs 1000 and in multiples of Re. 1 thereafter.

The fund manager for the scheme is Vishal Jain. The benchmark index for the scheme would be S&P CNX 500 Index.

Bharti AXA Tax Advantage Fund Floats On - Dec 16, 2008

Bharti AXA Mutual Fund has launched the initial offer period of Bharti AXA Tax Advantage fund on 12 December 2008 till 12 January 2009. It is an open-ended equity linked saving scheme. The face value of the new issue is Rs 10 per unit.

The scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalizations. The scheme is in the nature of diversified multi cap fund.

The scheme will offer two plans viz. eco and regular plan with growth & dividend options. Dividend option will further offer dividend payout and reinvestment facility.

Eco plan is available for purchase transactions of up to Rs 2 lakh only. Where the value of any purchase transaction is greater than Rs 2 lakh, then such investments can be placed only in regular plan. Both plans will have common portfolio.

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 securities with high-risk profile. It will invest up to 20% in debt and money market securities. Investment in derivatives instruments may be made only if permitted under ELSS rules and SEBI regulations. Investments in derivatives instruments may be up to 50% of the net assets of the scheme. The scheme will not make investments in securitised debt. It may also engage in stock lending.

The scheme will levy entry load of 2.25% for investments less than Rs 2 crore in regular plan and nil for the purchase amount equal to or above Rs 2 crore. Under eco plan the scheme levy entry load of 2.25%. Investments through Systematic Investment Plan/ Systematic Transfer Plan (SIP/STP) will also attract 2.25% an entry load.

The scheme will not charge any exit load. As per the ELSS Rules, unit holders will not be able to redeem units under the scheme for a period of 3 years from the date of allotment of respective units. After the period of 3 years, units could be redeemed. Individuals and Hindu Undivided Family (HUFs) would be entitled to claim deduction under section 80C in respect of subscription to the units of the scheme. The aggregate amount deductible under section 80C in respect of subscription to the units of an equity linked savings scheme and other prescribed investments is restricted to Rs 1 lakh.

The performance of the scheme is being benchmarked to the performance of S&P CNX Nifty Index. Prateek Agrawal will be the fund manager for the scheme.

Taurus MF Files Another Offer Document With Sebi - Dec 16, 2008

Name of Fund: Taurus Quarterly Interval Fund Series QI-1, Type of Scheme: It is a debt oriented interval fund.Investment Objective: The investment objective of the Scheme is to generate returns with minimum volatility through investments in a portfolio of debt (including securitised debt) and money market instruments with a provision to offer liquidity at regular intervals. The Scheme does not guarantee any assured returns.

Investment Options: The Schemes will offer two plans i.e. retail and institutional plan with growth and dividend option. Dividend option will further offer dividend payout and dividend reinvestment sub options.

Asset Allocation: Under normal circumstances the scheme will invests upto entire corpus in the money market instruments with low risk profile and in government securities issued by central &/or state government & other fixed income / debt securities including but not limited to corporate bonds and securitised debt with low to medium risk profile.

Investment in securitised debt may go upto 50% of the net assets of the scheme. The scheme may, from time to time, hold cash for to meet the redemption requirements and to lag in deal date and value date of acquiring an asset.

NFO price: Rs 10 per unit, Entry Load: The scheme will not charge an entry load. Exit Load: The scheme will charge 3.00% of exit load if redeemed at anytime other than the Specified transaction period. Nil if redeemed during specified transaction period.

The Scheme is an interval scheme and each plan of the scheme shall be available for subscription/switch-ins and redemption/switch-outs, without any load during the specified transaction period which would be for a minimum of one business day and maximum of three business days.

The first specified transaction period would be available after 91 days from the date of allotment in the New Fund Offer. Subsequent Transaction Periods would be available after 91 days of the last business day of the previous Specified Transaction Period.

Minimum Investment Amount: The minimum investment amount under retail option is Rs 25,000 and in multiples of Re 1 thereafter and under institutional plan the minimum investment amount is Rs 5 lakh in multiples of Re 1 thereafter.

Minimum Targeted amount: The Fund seeks to collect a minimum subscription amount of Rs I crore under each series during NFO. Benchmark Index: CRISIL Short Term Bond Fund Index, Fund Manager: Kumar Nathani will manage the fund.

Franklin India Taxshield (G) Outperforms The Sensex - Dec 16, 2008

Background: Franklin Templeton Assets Management (India) Pvt. Ltd. Is a wholly owned subsidiary of Templeton International Inc.set up in February 1996. Franklin is one of the largest financial services groups in the world, based in California, USA. It has over 50 years experience in international investment management with offices in over 29 countries. The fund house manages assets worth Rs 19443.51 crore at end of November 2008.

Franklin India Taxshield (G) is an open-ended tax-planning scheme launched in April 1999.The objective of the scheme is to provide medium to long-term capital growth along with income tax rebate. The minimum investment amount is Rs.500 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs 98.96 as on 15 December 2008.

Portfolio: The total net assets of the scheme decreased by Rs 15.55 crore to Rs 369.21 crore in November 2008. Franklin India Taxshield (G) took fresh exposure to three stocks in November 2008. The scheme purchased 70,000 units (1.02%) of Maruti Suzuki India, 17,737 units (0.53%) of Britannia Industries and 70,000 units (0.40%) of UTV Software Communications in November 2008.

The scheme completely exited from Cairn India by selling 2.00 lakh units (0.67%) in November 2008. Sector-wise, the scheme took fresh exposure to Automobiles-Passenger Cars at 1.02% in November 2008. Sector-wise, the scheme exited completely from Oil Drilling/Allied Services at 0.67% in November 2008.

The scheme had highest exposure to Bharti Airtel with 4.00 lakh units (7.27% of portfolio size) followed by Infosys Technologies with 1.80 lakh units (6.05%), Bharat Heavy Electricals with 1.50 lakh units (5.53%) and Reliance Industries with 1.65 lakh units (5.06%) among others in November 2008.

It reduced its exposure to Reliance Industries by to 1.65 lakh units (by 0.82%), Axis Bank to 2.21 lakh units (by 0.80%) and Housing Development Finance Corporation to 1.27 lakh units (by 0.78%) among others in November 2008.

Sector-wise, the scheme had highest exposure to Banks-Private Sector at 10.84% (from 11.04% in October 2008), followed by Computers-Software-Large at 9.57% (10.20%), Telecommunications-Service Provider at 8.86% (8.73%) among others in November 2008.

Sector wise, the scheme had reduced exposure Finance–Housing to 5.04% (by 0.78%), Computers-Software–Large to 9.57% (by 0.63%) and Refineries to 7.23% (by 0.35%) among others in November 2008. Performance: The scheme outperformed the category average over all time periods. It has outperformed the Sensex over all time periods.

Over three-month period ended as on 15 December 2008, the scheme posted negative returns of 26.91% outperforming the category average that posted negative returns of 31.66%. It outperformed the Sensex, which has posted negative returns of 30.79% returns during the same period. Since inception, the scheme posted 904.21% returns outperforming the category average of 227.85%.

Fortis Prudent Risk From A Portfolio Of Comprising - Dec 15, 2008

Fortis Mutual Fund has announced change in load structure of Fortis Money Plus Fund. The scheme will charge an exit load of 0.15% if units are redeemed/switched-out within 7 days from the date of investment effective from 15 December 2008. Earlier the scheme charged an exit load of 0.15% if units were redeemed/switched-out within 15 days from the date of investment. As before, the entry load was nil. Fortis Money Plus Fund is an open ended income scheme with the primary objective to provide income consistent with the prudent risk from a portfolio comprising of floating rate debt instruments, fixed rate debt instruments, money market instruments and derivatives.

Tata MF Revises Exit Load Structure For Its Four Schemes - Dec 15, 2008

Tata Mutual Fund has announced the revision of an exit load of below mentioned schemes. The changes will be applicable for subscription through Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) The change will be in force from 17 December 2008.Accordingly,Tata Floater Fund.The fund house has decided to charge an exit load for amount less than or equal to Rs 5 lakh at 0.50% if investments get redeemed before expiry of 30 days from the date of allotment.

Amount greater than or equal to Rs 5 lakh, there will be no exit load.Existing exit load is nil.Tata Monthly Income Plan (MIP) Plus Fund, Tata Income Fund and Tata MIP Fund.For investment amount up to Rs 25 lakh, 1% load will be charged if redemption done on or before expiry of 365 days from the date allotment. For investment amount greater than Rs 25 lakh but less than Rs 1 crore, 0.50% will be exit load if redeemed on or before expiry of 365 days from the date of allotment. No exit load will be applicable for investment amount greater than Rs 1 crore.

ING MF Declares Dividend Under MF Series 50 - Dec 15, 2008

ING Mutual Fund has announced 19 December 2008 as the record date for declaration of dividend for ING Fixed Maturity Fund - Series 50 on face value of Rs 10 per unit. The fund will offer dividend for both retail and institutional plan. The AMC plans to distribute entire appreciation in the NAV of dividend option from the date of allotment to 19 December 2008 as dividend.

The NAV under retail plan and institutional plan was at Rs 10.2476 and Rs 10.2666 per unit, respectively, as on 11 December 2008.ING Fixed Maturity Plan - Series 50 is a close -ended schemes launched in May 2008, 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.

HDFC Long Term Advantage Fund Outperforms The Sensex - Dec 15, 2008

Background: HDFC Assets Management Company Ltd. is sponsored by Housing Development Finance Corporation Limited (HDFC) and Standard Life Investment Ltd. HDFC incorporated in 1977 as the first specialized housing finance institution in India. HDFC AMC was incorporated on 10 December 1999, and today manages assets worth Rs 44262 crore in November 2008.

HDFC Long Term Advantage Fund (G) an open-ended equity linked savings scheme launched in January 2001. The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. The minimum investment amount is Rs.500 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs 60.47 as on 12 December 2008.The total net assets of the scheme decreased by Rs 47.24 crore to Rs 468.50 crore in November 2008.

HDFC Long Term Advantage Fund (G) took fresh exposure to only one stock in November 2008. The scheme purchased 75,000 lakh units (1.73%) of Sun Pharmaceuticals Industries in November 2008.The scheme exited completely from Kotak Mahindra Bank by selling 2.60 lakh units (1.70%) and Godawari Power & Ispat by selling 2.01 lakh units (0.29%) in November 2008.Sector-wise, the scheme took no fresh exposure to any sector in November 2008.

Sector-wise, the scheme exited completely from Steel - Medium / Small at 0.29% in November 2008.The scheme had highest exposure to ICICI Bank with 7.50 lakh units (5.63% of portfolio) followed by Reliance Industries with 2.02 lakh units (4.89%) and State Bank of India with 2.00 lakh units (4.65%) among others in November 2008.It reduced its exposure to Thermax to 5.51 lakh units (by 1.44%), Crompton Greaves to 12.27 lakh units (by 0.55%) and Reliance Industries to 2.02 lakh units (by 0.50%) among others in November 2008.

Sector-wise, the scheme had highest exposure Computers - Software - Large at 9.72% (from 9.87% in October 2008), Banks - Private Sector at 7.37% (9.68%), Refineries at 6.75% (6.75%), Food - Processing - MNCat 6.30% (6.52%), and Electric Equipmentat 6.00% (6.86%) among others in November 2008.

Sector wise, the scheme had reduced exposure to Banks - Private Sector to 7.37% (by 2.31%), Engineering to 3.34% (by 1.61%), Electric Equipment to 6.00% (by 0.86%) and Auto Ancillaries to 3.10% (0.40%) among others in November 2008. The scheme outperformed the category average over most of the time periods. It has outperformed the Sensex over most of the time periods.

Over three-month period ended as on 12 December 2008, the scheme posted negative returns of 33.34% underperformed the category average, which had posted negative returns of 31.66%. It underperformed the Sensex that posted negative returns of 30.79% returns during the same period.Since inception, the scheme posted 504.66% returns outperforming the category average of 227.85%.

Birla Sun Life MF Declares Dividend - Dec 13, 2008

Birla Sun Life Mutual Fund has declared dividend in the dividend option under retail and institutional plan of Birla Sun Life Fixed term Plan-Series AG. The fund house has decided to distribute 100% distributable surplus as dividend on the record date of 17 December 2008 on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 10.6170 per unit under retail plan and Rs 10.6555 per unit under institutional plan as on 11 December 2008.

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

Systematic Investment Plan And Transfer Plan The Schem - Dec 13, 2008

ICICI Prudential Mutual Fund has announced changes in ICICI Prudential Income Plan. The fund house declared changes in the exit load structure excluding Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) of the scheme, With effect from 16 December 2008.

Investment of less than Rs 1 crore in the retail plan, the scheme will charge an exit load of 2% of the applicable NAV if the amount sought to be redeemed or switched out, is invested upto six months from the date of allotment.The exit load of 1.5% of the applicable NAV will be charged if the amount sought to be redeemed or switched out, is invested for more than six months but upto 1 year from the date of allotment.

The exit load of 1% of the applicable NAV will be charged if the amount sought to be redeemed or switched out, is invested for a period of more than one year but upto 18 months from the date of allotment.There will be no exit load if the amount sought to be redeemed or switched out, is invested for a period of more than 18 months from the date of allotment.For investment of Rs 1 crore and above under the retail plan there will be no exit load. Also under the institutional plan there will be no exit load.ICICI Prudential Income Plan (IPIP) is an open-ended debt fund with an objective to generate income through investments in debt securities.

Tata MF Announces Dividend For Various Funds - Dec 13, 2008

Tata Mutual Fund has announced dividend for Tata Monthly Income Fund – Quarterly Dividend, Tata Income Fund Quarterly Dividend, Tata Gilt Securities Fund – Quarterly dividend, Tata Gilt Short Maturity Fund. The record date is set as 18 December 2008.The fund has announced dividend under dividend option of all schemes.

It decided to distribute Rs 0.1732 per unit as the dividend for all the above funds except Tata Gilt Short Maturity Fund is Rs 0.1995 per unit as the dividend on the record date.

The NAV of the Tata Monthly Income Fund – Quarterly Dividend was at Rs 12.0459 per unit, Tata Income Fund Quarterly Dividend was at Rs 10.9759 per units, Tata Gilt Securities Fund – Quarterly dividend was Rs 13.1255 per unit and Rs 13.5314 per unit for its retail and high investment plan respectively and Tata Gilt Short Maturity Fund was at Rs 11.3651 per unit.

NAV Of Scheme Under Retail Plan For Fixed Horizon Fund - Dec 13, 2008

Reliance Mutual Fund has announced 18 December 2008 as the record date for declaration of dividend on the face value of Rs 10 per unit of Reliance Fixed Horizon Fund -VIII -Series-7.The fund will offer dividend for retail and 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 plan was at Rs 10.2772 per unit and institutional plan was at Rs 10.2778 as on 11 December 2008.

Reliance Fixed Horizon Fund - VIII -Series-7 is a close ended income scheme with an objective 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.

DWS Quarterly Interval Fund- Series 1 Declares Dividend - Dec 12, 2008

Deutsche Mutual Fund has announced dividend of 100% of the distributable surplus as on record date under DWS Quarterly Interval Fund-Series 1. The record date has been fixed as 17 December 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 17 December 2008, will receive this dividend.

The NAV under the dividend plan of the scheme as on 10 December 2008 was Rs 10.2674.The fund was launched in June 2007, aims of generating income by investing into debt and money market securities.

HSBC Equity Fund Outperforms The Sensex Over All The Time - Dec 12, 2008

Background: HSBC Asset Management (India) Private Limited set up in May 2002 as a trust by HSBC Securities and Capital Markets (India) Pvt. Ltd. The fund manages assets worth Rs 11015.04 crore as on November 2008. HSBC Equity Fund (G) an open-ended scheme launched in November 2002.

The objective of the scheme is to seek to generate long term capital growth from an actively managed portfolio of equity and equity related securities. The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 58.48 as on 11 December 2008.The total net assets of the scheme decreased by Rs 3.49 crore to Rs 952.94 crore in November 2008.

HSBC Equity Fund (G) took fresh exposure in three stocks in November 2008. The scheme has purchased 16.02 lakh units (2.38%) of Cairn India, 8.32 lakh units (1.75%) of Cipla and 7.77 lakh units (1.70%) of Ranbaxy Laboratories in November 2008.

The scheme completely exited Axis Bank by selling 6.91 lakh units (4.07%), United Spirits by selling 1.34 lakh units (1.25%) and Zee Entertainment Enterprises by selling 7.68 lakh units (1.23%)among others in November 2008.Sector-wise, the scheme took no fresh exposure to any sector in November 2008.

Sector-Wise, the scheme exited completely from Breweries & Distilleries at 1.25%, Cement - North India at 1.14% and Construction at 1.15% among others in November 2008.The scheme had highest exposure to Bharti Airtel with 10.16 lakh units (7.15% of Portfolio), Infosys Technologies with 4.46 lakh units (5.81%), ITC with 31.41 lakh units (5.72%) and State Bank of India with 4.50 lakh units (5.14%) among others in November 2008.

It reduced its exposure to Reliance Industries by selling 2.59 lakh units to 3.15 lakh units (by 4.49%), Housing Development Finance Corporation by selling 23086 units to 2.43 lakh units (by 1.18%) and Infosys Technologies by selling 1186 units to 4.46 lakh units (by 0.65%) among others in November 2008.

Sector-wise, the scheme had highest exposure to Telecommunications - Service Provider at 10.27% (from 9.64% in October 2008), followed by Oil Drilling / Allied Services at 7.19% (3.36%), Computers - Software – Large at 6.96% (7.80%) and Refineries at 6.79% (10.39%) among others in November 2008.

Sector wise, the scheme had reduced exposure to Banks - Private Sector to 3.06% (by 3.76%), Refineries to 6.79% (by 3.60%) and Finance - Housing to 3.75% (by 1.18%) among others in November 2008.The scheme outperformed the category average over all the time periods. It has outperformed the Sensex over all the time periods.

Over three-month period ended as on 11 December 2008, the scheme posted negative returns of 28.92% returns outperforming the category average that posted negative returns of 32.46%. It outperformed the Sensex that has posted negative returns of 34.15% during the same period.Since inception, the scheme posted 463.94% of returns outperforming the category average of 71.73%.

Edelweiss MF Ties Up With Bank Of Rajasthan - Dec 12, 2008

Edelweiss Asset Management Company entered into a distribution tie-up with Bank of Rajasthan (BOR) for distribution of its products and services. Under the agreement, Bank of Rajasthan intends to distribute Edelweiss MFs products through approximately 100 out of its 463 branches in India. The tie-up will help to strengthen its distribution network and increasing its penetration across India.

Announcing the tie-up, Rujan Panjwani, Director, Edelweiss Asset Management, said “The tie up opens a new relationship for us with Bank of Rajasthan I am confident that BOR's wide network and strong relationships with its customers will definitely help in the distribution of our mutual fund products. We are also aggressively working on increasing our product basket and have filed 6 products with Securities and Exchange Board of India (SEBI), which we will launch post all regulatory approvals. These products are mainly equity and equity derivative products some of which are quite innovative and unique.

We intend to leverage on the traditional strength of the Edelweiss Group by offering investors a slew of innovative equity products and services. P K Agrawal, Deputy General Manager, Bank of Rajasthan, talked, “ We believe that this tie-up with Edelweiss Mutual Fund will enable us to provide our bank customers with innovative products and solutions and further help them in better fulfilling their investment objectives.

ICICI Prud Technology Fund In Fundamental Attributes - Dec 12, 2008

ICICI Prudential Mutual Fund has approved the changes in fundamental attributes of the ICICI Prudential Technology Fund and the scheme shall be considered as sectoral fund with effect from 12 January 2009.Change in Type of Scheme,According to the addendum, the benchmark index will be changed to BSE IT from existing BSE Tech Index, and will classify the scheme as sectoral fund Change in Investment Strategy.

The primary investment objective of the funds is to look to generate long term capital appreciation by clearing a portfolio that is invested in equity and equity related securities of technology and technology dependent companies.

A large share of the asset under management would be invested in the stocks under the Benchmark Index, BSE IT. However, the scheme may also invest in companies outside the companies listed in BSE IT but which form part of information technology services industry.

HDFC MF Declares Dividend For Its 90 Days Plan - Dec 11, 2008

HDFC Mutual Fund has announced 15 December 2008 as the record date for declaration of dividend under dividend option of HDFC FMP 90D September 2008 (2), a fixed maturity plan under HDFC Fixed Maturity Plans-Series IX, 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 under retail plan was Rs. 10.2630 per unit and Rs 10.2652 per unit for wholesale plan as on 8 December 2008.

HDFC Fixed Maturity Plan -90D September 2008 (2) 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. The scheme will charge 0.75% as an exit load if investments are redeemed/switched out before maturity/final redemption date.

Reliance Revises Exit Load For Two Funds Allotment Of Units - Dec 11, 2008

Reliance Mutual Fund has announced the revision of exit load of Reliance Income Fund and Reliance Monthly Income Plan with effect from 12 December 2008.Revised Exit Load For subscriptions of less than Rs 1 crore per purchase transaction, the scheme will charge 1.00% if redeemed/switch-out on or before completion of 12 months from the date of allotments of units. Nil, if redeemed / switch - out after completion of 12 months from the date of allotment of units.

For subscription of Rs 1 crore and above, the scheme will charge 1.00%, if redeemed/switch - out on or before completion of 1 month from the date of allotments of units. Nil, if redeemed / switch - out after completion of 1 month from the date of allotment of units.Earlier it charges, for the subscription upto Rs 5 lakh, 0.5% if redeemed within 6 months from the date of allotment of units. And for the subscription exceeding Rs 5 lakh, it will charge an exit load of 0.10% if redeemed within 7 working days from the date of allotment of units.

Revised Exit Load: For subscriptions of less than Rs 1 crore per purchase transaction, the scheme will charge 1.00% if redeemed/switch-out on or before completion of 12 months from the date of allotments of units. Nil, if redeemed / switch - out after completion of 12 months from the date of allotment of units.For subscription of Rs 1 crore and above, the scheme will charge 1.00%, if redeemed/switch - out on or before completion of 1 month from the date of allotments of units. Nil, if redeemed / switch - out after completion of 1 month from the date of allotment of units.

Earlier it charges, for the subscription upto Rs 25 lakh, 0.75%, if redeemed/switch-out on or before completion of 3 months from the date of allotment. 0.60% of exit load if redeemed/switch-out between 3 months 1 day and on or before completion of 6 months from the date of allotment. 0.50% of exit load if redeemed/switch-out between 6 months 1 day and on or before completion of 9 months from the date of allotment. And 0.25% of exit load if redeemed/switch-out between 9 months 1 day and on or before completion of 12 months from the date of allotment.For subscriptions of more than Rs 25 lakh, 0.10% of exit load will be levied if redeemed/switch-out within completion of 7 days from the date of allotment of units.

Mirae Asset MF Dividend Under Monthly Interval Fund Series - Dec 11, 2008

Mirae Asset Mutual Fund has announced 16 December 2008 as the record date for declaration of dividend on the face value of Rs 10.00 of Mirae Asset Interval Fund- Monthly Plan-Series I. The dividend will be offered for regular plan under the scheme.The quantum of dividend will be 90% distributable surplus as on the record date. The NAV of regular plan was at Rs. 10.0996 as on 8 December 2008.

Mirae Asset Interval Fund – Monthly Plan – Series I launched in September 2008 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 interval.Crisil Liquid Fund Index is the benchmark index. The fund manager for the scheme is Murthy Nagarajan.

Icici Pru Power Fund The Sensex Over Most Of The Time - Dec 11, 2008

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 37055.68 crore assets under management as on November 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 53.84 as on 10 December 2008.The total net assets of the scheme decreased by Rs 14.91 crore to Rs 499.93 crore in November 2008.

ICICI Pru Power Fund (G) took fresh exposure to only one new stock in November 2008. The scheme has purchased 11.10 lakh units (1.16%) of Infrastructure Development Finance Company in November 2008.The scheme completely exited from Satyam Computer Services by selling 2.04 lakh units (1.21%), Steel Authority of India by selling 5.43 lakh units (0.90%) and Asian Paints by selling 10,864 units (0.20%) among others in November 2008.Sector-wise, the scheme it took fresh exposure to Finance & Investments at 1.16% in November 2008.

Sector-wise, the scheme completely exited from any Paints / Varnishes at 0.20% in November 2008.The scheme had highest exposure to Bharti Airtel with 7.64 lakh units (10.27% of Portfolio) followed by Reliance Industries with 3.15 lakh units (7.15%), ITC with 18.26 lakh units (6.34%) and Oil & Natural Gas Corporation with 3.81 lakh units (5.30%) among others in November 2008.

It reduced its exposure to Infosys Technologies by selling 2.01 lakh units to 60,985 units (by 5.53%), Larsen & Toubro by selling 1.23 lakh units to 1.35 lakh units (by 2.08%), Reliance Industries by selling 287 lakh units to 3.15 lakh units (by 1.27%) and Axis Bank to 1.70 lakh units (by 0.47%) among others in November 2008.

Sector-wise, the scheme had highest exposure to Telecommunications - Service Provider at 10.27% (from 9.71% in October 2008), Refineries at 7.15% (8.42%), Banks - Private Sector at 6.74% (7.56%) and Cigarettes at 6.34% (5.50%) among others in November 2008.Sector wise, the scheme had reduced exposure Computers - Software – Large to 5.92% (by 6.45%), Engineering - Turnkey Services to 1.97% (by 2.08%) and Refineries to 7.15% (by 1.27%) among others in November 2008.

Performance: The scheme underperformed the category average over most of the time periods. It has outperformed the Sensex over most of the time periods.Over three-month period ended as on 10 December 2008, the scheme posted negative returns of 36.52% underperforming the category average that posted negative returns of 35.18%. It outperformed the Sensex, which has posted negative returns of 38.69% returns during the same period.Since inception, the scheme posted 416.30% returns outperforming the category average of 66.85%.

Dsp Br Balanced Fund Offers 15% Dividend Current Income - Dec 10, 2008

DSP BlackRock Balanced Fund, an open-ended balance scheme has declared a dividend of 15% i.e. Rs 1.5 per unit on face value of Rs 10. The record date for dividend is 12 December 2008.Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (if applicable).The NAV of the scheme under dividend option was Rs 15.5440 as on 5 December 2008.

The primary investment objective of the scheme is to seek to generate long term capital appreciation and current income from a portfolio constituted of equity and equity related securities as well as fixed income securities.

IDFC Mf Revises Exit Also Has Switch Between Options - Dec 10, 2008

IDFC Mutual Fund has approved changes in the exit load structure and minimum application amount of the IDFC Government Securities Fund-Short Term Plan B (Institutional Plan) with effect from 10 December 2008. The fund house has introduced Plan B (Institutional Plan) under the scheme from 10 November 2008.According to the notice, the fund will not charge exit load under plan B.

Earlier, it charged exit load of 0.25% of NAV on investors who purchase/switch in and seek to redeem/switch out such units within 15 days from the date of effecting such purchase/ switch in Plan B (Institutional Plan). Investors opting for PEP/Dividend reinvestment option/SWP or switch between options will not be levied an exit load.The minimum application amount also has been revised upward to Rs 1 crore under Plan B (Institutional Plan) from earlier Rs 5000 and in multiples of Re 1 thereafter.

Quantum MF Launches Has Started Tax Saving Fund - Dec 10, 2008

Quantum Mutual Fund has started Quantum Tax Saving Fund an open-ended equity linked saving scheme. The scheme will open for subscription on 10 December 2008 and closes on 13 December 2008. The NFO price is Rs 10 per unit. Investment Objective. The investment objective of the Scheme is to attain long-term capital appreciation by investing primarily in shares of companies. that will typically be included in the BSE 200 and are in a position to benefit from the anticipated growth and development of the Indian economy and its markets.

Load Structure: The scheme will charge an entry load nor exit load. Investment Options: The scheme offers growth and dividend plan. The dividend plan shall have payout and reinvestment facility. The minimum application amount is Rs 500 and in multiples Rs 500 thereafter.

Deutsche MF Introduces Additional Investment Plan - Dec 10, 2008

Deutsche Mutual Fund has introduces the additional plan, Institutional plan under the DWS Premier Bond Fund and DWS Short Maturity Fund. The changes will come into effect from 11 December 2008. The details of the Institutional plan under DWS Premier Bond Fund.The institutional plan will offer growth and dividend options. Dividend option will have monthly, quarterly and annual reinvestment & payout facility, The minimum application amount under the institutional plan, is Rs 50 lakh and in multiples of Re 1 thereafter.

The Plan will not ask any entry nor exit load. The scheme will invest upto 60%-100% in debt instruments including government securities and corporate debt. And invest upto 40% in money market instruments. Debt securities may include securitised debts upto 50% of the net assets. The scheme may invest in foreign debt securities upto 25% of the net assets. DWS Premier Bond Fund is an open ended debt scheme with an investment objective to provide regular income by investing in debt securities including bonds and money market instruments.

Principal Pnb MF Announces The Changes - Dec 09, 2008

Principal Pnb Mutual Fund has announced changes in exit load structure and minimum application amound under Principal Income Fund. The changes will be applicable on prospective basis for all investments made after 3.00 p.m. of 10 December 2008.

The scheme proposed to revise the exit load as 1.00% for the redemption on or before 1 year from the date of allotment instead of existing 1.00% of exit load for the redemption on or before 3 months from the date of allotment.

The scheme revised the minimum application amount under institutional plan to Rs 10 lakh from Rs 1 lakh.

Birla Sun Life MF Files Offer Document With Sebi - Dec 09, 2008

Birla Sun Life Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch Birla Sun Life Medium Term Plan. Rs 10 per unit will be the face value of the new issue. It is an open ended income scheme with a primary investment objective is to generate regular income through investments in debt & money market instruments in order to make regular dividend payments to unit holders & secondary objective is growth of capital.

The scheme will have retail and institutional plans dividend and growth option. Dividend option will have daily, weekly, fortnightly options with reinvestment facility. And monthly and quarterly dividend option with payout and reinvestment facility. The minimum investment amount under retail plan will be Rs 5000 and in multiples Re 1 thereafter and under institutional plan will be Rs 10000 and in multiples of Re 1 thereafter on an ongoing basis.

Sundaram BNP Paribas Tax Saver (G) Outperforms - Dec 09, 2008

Background: Sundaram BNP Paribas Asset Management Company Ltd., a fully owned subsidiary of Sundaram Finance. The AMC was started in 1996 as a joint venture between Sundaram Finance (61%) and Newton Investment Management (39%). Subsequent to the acquisition of Newton by US-based Mellon Financial Corporation, Sundaram Finance, in 2002, acquired the 39% stake of Newton in the AMC. The fund house manages assets worth Rs 9628.23 crore in November 2008.

Sundaram BNP Paribas Tax Saver (G) an open-ended equity tax-planning scheme launched in November 1999. The objective of the scheme is to achieve capital appreciation. The minimum investment amount is Rs.500 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 22.86 as on 5 December 2008.

Portfolio: The total net assets of the scheme decreased by Rs 14.07 crore to Rs 434.93 crore in November 2008.

Sundaram BNP Paribas Tax Saver (G) took fresh exposure to six new stocks in November 2008. The scheme has purchased 8.89 lakh units (4.10%) of Cipla, 1.87 lakh units (2.90%) of Bharti Airtel, 5.01 lakh units (2.28%) of CESC and 4.59 lakh units (1.69%) of NTPC among others in November 2008.

The scheme exited completely from Housing Development Finance Corporation by selling 1.09 lakh units (4.31%), Tata Motors by selling 9.90 lakh units (3.79%), Nestle India by selling 1.16 lakh units (3.76%) and Bharat Heavy Electricals by selling 1.06 lakh units (3.03%) among others in November 2008.

Sector-wise, the scheme took fresh exposures to Pharmaceuticals - Indian - Bulk Drugs at 1.61% and Pharmaceuticals – Multinational at 0.59% in November 2008.

Sector-Wise, the scheme exited completely from Finance – Housing at 4.31%, Electric Equipment at 4.11%, Automobiles - LCVs / HCVs at 3.79% and Food - Processing – MNC at 3.76% among others in November 2008.

The scheme had highest exposure to ICICI Bank with 5.72 lakh units (4.63% of portfolio) followed by Hindustan Unilever with 8.22 lakh units (4.47%), Tata Consultancy Services with 3.47 lakh units (4.45%) and Punjab National Bank with 3.93 lakh units (4.06%) among others in November 2008.

It reduced its exposure to Tata Steel by selling 5.02 lakh units to 2.70 lakh units (by 2.68%), Sterlite Industries (India) by selling 1.01 lakh units to 2.13 lakh units (by 0.82%), ICICI Bank to 5.72 lakh units (by 0.45%) and India Infoline by selling 5602 units to 9.70 units (by 0.43%) among others in November 2008.

Sector-wise, the scheme had highest exposure to Banks - Public Sector at 9.62% (from 9.13% in October 2008), followed by Pharmaceuticals - Indian - Bulk Drugs & Formulation at 5.90% (1.75%), Telecommunications - Service Provider at 5.34 (1.59%) and Banks - Private Sector at 4.63% (5.08%) among others in November 2008.

Sector wise, the scheme had reduced exposure to Steel – Large to 0.94% (by 2.68%) Construction to 0.20% (by 2.00%), Mining/Minerals/Metals to 1.17% (by 1.00%) and Banks-Private Sector to 4.63% (by 0.45%) among others in November 2008.

Performance: The scheme outperformed the category average over all time periods. It outperformed the Sensex over all the time periods.

Over three-month period ended as on 05 December 2008, the scheme posted negative returns of 28.11% outperforming category average that posted negative returns of36.94%. It outperformed the Sensex that posted negative returns of 38.10% during the same period.

Since inception, the scheme posted 73.10% returns underperforming the category average of 210.25%.

Fortis Revises Exit Load For Two Funds - Dec 09, 2008

Fortis Mutual Fund has announced the revision of exit load of the Fortis Flexi Debt Fund & Fortis Bond Fund with effect from 10 November 2008. Here after, for application amount less than or equal to Rs 25 lakh.

The scheme will levy 2% exit load, if redeemed/switched-out within 6 months from the date of allotment.1.50% of exit load if redeemed/switched-out after 6 months but within 12 months from the date of allotment. 0.75%, if redeemed/switched-out after 12 months but within 18 months from the date of allotment and nil, if redeemed/switched-out within 12 months from the date of allotment.

For investment amount more than Rs 25 lakh but less than or equal to Rs 1 crore, the scheme will charge 1% of exit load if redeemed/switched-out within 12 months from the date of allotment. And it will not levy any exit load for the investment amount more than Rs 1 crore.

Earlier it charges, for investment amount less than or equal to Rs 3 crore, 1.00% if redeemed/switched-out within 12 months from the date of investment. And no exit load for the redemption after 12 months from date of investment and for the investment amount more than Rs 3 crore.

Uti G-Sec Investment Plan Revises Entry And Exit Load To Nil - Dec 08, 2008

UTI Mutual Fund has announces changes in the load structure of UTI G-Sec Investment Plan. The changes will be effective from 8 December 2008. The scheme proposed to not charge any entry nor exit load for investment of any amount hereafter. Earlier it charges entry load 1.25% of NAV for the investments greater than or equal to Rs 25 crore and nil for the investment amount less than Rs 25 crore. The scheme did not charge exit load for any investment amount.

Principal Pnb MF FMP- 385 Days Declares Dividend - Dec 08, 2008

The Principal Pnb Mutual Fund has announced dividend under dividend option of Principal Pnb Fixed Maturity Plan-385 Days-Series VI. The record date for dividend will be 11 December 2008.The AMC plans to distribute entire appreciation in the NAV of dividend option on 11 December 2008 as dividend. The NAV of the scheme under regular and institutional plan was at Rs 10.8840 and Rs 10.9396, respectively, as on 4 December 2008.

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

Franklin India Opportunities Fund The Sensex Over Countries - Dec 08, 2008

Background: Franklin Templeton Assets Management (India) Pvt. Ltd. Is a wholly owned subsidiary of Templeton International Inc. set up in February 1996. Franklin is one of the largest financial services groups in the world, based in California, USA. It has over 50 years experience in international investment management with offices in over 29 countries. The fund house manages assets worth Rs 19443.51 crore in November 2008.

Franklin India Opportunities Fund (G) an open-ended equity growth scheme launched in February 2000. The investment objective of Franklin India Opportunities Fund (G) is to achieve log term capital appreciation by capitalising on long term growth opportunities in the Indian economy. The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 15.96 as on 05 December 2008.

Portfolio: The total net assets of the scheme decreased by Rs 50.58 crore to Rs 394.95 crore in November 2008.Franklin India Opportunities Fund (G) took fresh exposure to six new stocks in November 2008. The scheme has purchased 96438 units (1.04%) of Punjab National Bank (PNB), 1.73 lakh units (0.57%) of IVRCL Infrastructures & Projects, 57498 units (0.52%) of Apollo Hospitals Enterprise and 28446 units (0.40%) of Lupin among others in November 2008.

The scheme completely exited from Reliance Communication by selling 1.53 lakh units (0.76%), Ipca Laboratories by selling 71666 units (0.62%) and Reliance Capital by selling 32020 units (0.47%) among others in November 2008.Sector-wise, the scheme took fresh exposure to Healthcare at 0.52%, Pharmaceuticals - Indian - Bulk Drugs at 0.40% and Paints / Varnishes at 0.24% in November 2008.Sector-wise, the scheme exited completely from Trading at 0.05% in November 2008.

The scheme had highest exposure to Reliance Industries with 3.26 lakh units (8.90% of portfolio size) followed by Bharti Airtel with 5.16 lakh units (8.35%), Infosys Technologies with 2.36 lakh units (7.08%) and ITC with 12.98 lakh units (5.43%) among others in November 2008.It reduced its exposure to Reliance Industries by selling 9 units to 3.26 lakh units (by 1.14%), Larsen & Toubro by selling 54008 units to 2.81 lakh units (by 1.13%), HDFC Bank by selling 40493 units to 1.63 lakh units (by 1.06%) and Bank of India by selling 1.79 lakh units to 1.50 lakh units (by 0.87%) among others in November 2008.

Sector-wise, the scheme had highest exposure to Refineries at 11.13% (from 11.15% in October 2008), followed by Computers - Software - Large at 9.76% (10.26%), Telecommunications - Service Provider at 9.41% (7.46%) and Banks - Private Sector at 9.12% (10.81%) among others in November 2008.

Sector wise, the scheme had reduced exposure to Banks - Private Sector at 9.12% (by 1.69%), Engineering - Turnkey Services to 4.94% (by 1.13%) and Finance – Housing to 5.23% (by 0.70%) among others in November 2008.Performance The scheme underperformed the category average over all time periods. It has underperformed the Sensex over most of the time periods.

Over three-month period ended as on 05 December 2008, the scheme posted negative returns of 35.72% underperforming the category average that posted negative returns of 34.82%. It outperformed the Sensex, which has posted a negative return of 38.10% during the same period.Since inception, the scheme posted 66.62% returns outperforming the category average of 65.13%.

Reliance MF Revises Minimum Additional Amount - Dec 08, 2008

Reliance Mutual Fund has changed the minimum additional investment amount under institutional plan of Reliance Growth Fund, Reliance Vision Fund, Reliance Equity Opportunities Fund, and Reliance Equity Fund. The changes are to be done with effect from 8 December 2008.Accordingly, The fund will ask minimum additional investment amount of Rs 1 lakh per plan per option and in multiples of Rs 1 thereafter.Earlier, the minimum additional investment amount was Rs 1000 per plan per option and in multiples of Rs 1 thereafter.

Franklin Templeton Mf Line With The Profile Duration - Dec 06, 2008

Franklin Templeton Mutual Fund has announced 11 December 2008 as the record date for declaration of dividend in Templeton Fixed Horizon Fund – Series X – Plan C (TFHF – Series X – Plan C) on face value of Rs 10 per unit.The fund house has decided to distribute 100% of surplus as on record date as reduced by the amount of applicable statutory levy. Templeton Fixed Horizon Fund-Series X-Plan C is a close ended income scheme 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 the fund's duration.

Mutual Fund Investors Maturity In Close Ended Schemes - Dec 06, 2008

The Securities and Exchange Board of India (SEBI) announced a new set of measures aiming at mutual funds industry, that all close-ended mutual fund schemes must be listed and that investors should not be allowed to exit from close-ended mutual fund schemes before their maturity. According to SEBI chief Mr Bhave, the schemes will also have to be amended accordingly. The board also decided that for such close-ended schemes, the underlying assets will not have a maturity beyond the date on which the scheme expires.

All such funds must invest in instruments in line with their maturity profile. Going ahead, the board has also approved extension of validity of observation letter issued for public or rights issues from the present three months to one year, subject to filing of updated document where there are material changes. Mr. Bhave has further informed that, many issuers requested SEBI to extend the present time limit of three months as they were unable to come out with their issues, which are already approved by SEBI.

The SEBI board has given green signal to approve certain policy measures pertaining to rights issue process, which includes enabling electronic rights entitlement, which can be traded electronically in stock exchanges; introducing alternative mode for making applications in rights issues, namely, applications supported by blocked amount (ASBA) mode; and mandating that the issuer can get access to rights issue proceeds only after the allotment is finalised.

Kotak Mf Announces The Change In Load Structure - Dec 06, 2008

Kotak Mutual Fund has announced changes in load structure of Kotak Quarterly Interval Plan series 8.The changes will be effective from 11 December 2008.The scheme has increased the exit load from 1.00% to 1.50%, if redeemed anytime other than the specified transaction period for redemptions / switch-outs. Kotak Quarterly Interval Plan Series 8 aims to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

Jm Fixed Maturity Fund -Series Xii- Quarterly Plan 2 - Dec 06, 2008

JM Financial Mutual Fund has declared dividend under dividend option of JM Fixed Maturity Fund -Series XII- Quarterly Plan 2 for both regular and institutional plans. The record date for the dividend is 10 December 2008.The quantum of dividend will be the realized appreciation in the NAV of the plan/option till the record date. The NAV for the scheme under regular plan was at Rs 10.1946 and under Institutional plan was at Rs 10.2056 as on 4 December 2008.

JM Fixed Maturity Fund -Series XII- Quarterly Plan 2, with an investment objective to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the plan.