Taurus Mf Announces Changes Within Bare Minimum Appliance - April 29, 2009

Taurus Mutual Fund has announced the changes in the minimum application amount as well as additional subscription amount of retail, institutional and super institutional plan in Taurus Short Term Bond Fund and Taurus Liquid Fund, with effective from April 28, 2009.

The minimum application amount under institutional plan has increased to Rs 1 crore and in multiples of Rs 1000 thereof from Rs 10 lakh and in multiple of Re 1 thereafter. While under super institutional plan the minimum application amount has increased to Rs 5 crore and in multiple of Rs 1000 thereof from Rs 50 lakh and in multiple of Rs 1 thereafter. Moreover, the additional subscription amount of institutional plan and super institutional plan has revised to Rs 1 lakh and in multiple of Rs 1000 from Rs 1 lakh and in multiple of Re 1.

Canara Robeco MF Ceases Its Quarterly Interval Scheme - April 29, 2009

Canara Robeco Mutual Fund has wound up Canara Robeco Quarterly Interval Scheme (including options thereunder) with effect from 28 April 2009.

The fund house will cease to carry on any business activities in respect of the plan. It has also ceased to create or cancel units in the plan and issue units in the plans.

The investors whose names appear in the register of members as on 28 April 2009 will be eligible to receive the residual payment in proportion to their unit holding based on the NAV drawn for the purpose.

Benchmark MF Revise Way Out Shipment Arrangement - April 29, 2009

Benchmark Mutual Fund has approved revision in the exit load structure under Benchmark Equity & derivative opportunities Fund, with effect from 4 May 2009.

Accordingly, the scheme will charge an exit load of 0.75% if the units are redeemed within 3 months from the date of allotment. 0.50% will be charged if units are redeemed after 3 months but within 6 months from the date of allotment, 0.25%, if the units are redeemed after 6 months but within 9 months from the date of allotment. The scheme will not charge any exit if the units are redeemed after 9 months from the date of allotment.

Benchmark Equity & derivative opportunities Fund is an open ended equity scheme to provide absolute returns by taking advantage of opportunities in the underlying cash and derivative markets, and through deployment of surplus cash in fixed income securities.

JM Mutual Fund Under Performs The Sensex - April 28, 2009

Background: JM Financial Mutual Fund is one of India's first private sector mutual funds-an, integral parts of the first wave that commenced operations in 1993-94. JM Financial Asset Management Private Limited, the Asset Management Company of JM Financial Mutual Fund, is not a part of this joint venture. Sponsored by J.M. Financial and Investment Consultancy Services Pvt. Ltd., and co-sponsored by JM Financial Ltd., JM Financial Asset Management Private Limited started operations in December 1994 with a simultaneous launch of three funds-JM Liquid Fund (now JM Income Fund), JM Equity Fund, and JM balanced Fund. Today, JM Financial Mutual Fund offers a bouquet of funds that caters to the diverse needs of both its institutional and individual investors.

The fund house manages assets worth Rs 4787.56 crore at the end of March 2009.

JM Arbitrage Advantage Fund (G) an open-ended equity–diversified scheme launched in June 2006. The objective of the scheme to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. The minimum investment amount is Rs 5000 and in multiples of Rs 1 thereafter. The unit NAV of the scheme was Rs 12.47 as on 27 April 2009.

Portfolio: The total net assets of the scheme decreased by Rs 7.91 crore to Rs 290.28 crore in March 2009.

JM Arbitrage Advantage Fund (G) took fresh exposure to three stocks in March 2009. The scheme has purchased 1.20 lakh units (0.91%) of Bank of India, 1.11 lakh units (0.90%) of Bank of Baroda and 2.00 lakh units (0.57%) of Strides Arcolab.

The scheme exited completely from Sintex Industries by selling 9.15 lakh units (by 2.87%), Voltas by selling 20.89 lakh units (2.72%) and Bombay Rayon Fashions by selling 2.30 lakh units (0.71%) among others in March 2009.

Sector-wise, the scheme took no fresh exposure to any sector in March 2009.

Sector-wise, the scheme exited completely from Diversified–Large at 2.87%, Textiles-Products at 0.71% and Textiles–Manmade at 0.18% in March 2009

The scheme had highest exposure to Infosys Technologies with 1.85 lakh units (8.46% of portfolio size) followed by Hindustan Unilever with 6.07 lakh units (4.98%), Oil & Natural Gas Corporation with 1.62 lakh units (4.37%) and GTL with 4.95 lakh units (4.07%) among others in March 2009.

It reduced its exposure from Punjab National Bank by selling 3.57 lakh units to 7284 units (by 4.26%), ICICI Bank by selling 3.29 lakh units to 1.50 lakh units (3.85%), Housing Development Finance Corporation by selling 75501 units to 26522 units (3.30%) and Reliance Industries of India by selling 64780 units to 36206 units (2.62%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Computers-Software–Large at 14.78% (from 7.45% in February 2009), followed by Oil Drilling/Allied Services at 5.09% (4.26%), Personal Care–Multinational at 4.98% (5.15%) and Telecommunications–Equipment at 4.07% (3.21%) among others in March 2009.

Sector wise, the scheme had reduced exposure from Banks-Private Sector to 3.26% (by 3.72%), Finance–Housing to 1.29% (by 3.30%), Refineries to 2.35% (by 2.52%) and Banks-Public Sector to 3.33% (by 2.51%) among others in March 2009.

Performance: The scheme underperformed the Sensex over most of the time periods.

Over three-month period ended as on 27 April 2009, the scheme posted returns of 1.64% underperforming the Sensex that posted returns of 26.30%. Over 6 month period, the scheme's returns surged by 3.10% underperforming the Sensex that rose 33.64%.

The returns of the scheme over one year period rose 7.49% outperforming the Sensex that plunged by 33.60%.

Taurus MF Announce Change In The Minimum Purpose Sum - April 28, 2009

Taurus Mutual Fund has announced the changes in the minimum application amount and additional subscription amount of retail, institutional and super institutional plan in Taurus Short Term Bond Fund and Taurus Liquid Fund, with effect from 28 April 2009.

Taurus Short Term Bond Fund: The minimum application amount under institutional plan has increased to Rs 1 crore and in multiples of Rs 1000 thereof from Rs 10 lakh and in multiple of Re 1 thereafter. And under super institutional plan the minimum application amount has increased to Rs 5 crore and in multiple of Rs 1000 thereof from Rs 50 lakh and in multiple of Rs 1 thereafter.

The additional subscription amount of institutional plan and super institutional plan has revised to Rs 1 lakh and in multiple of Rs 1000 from Rs 1 lakh and in multiple of Re 1.

Taurus Liquid Fund: The minimum application amount under institutional plan has revised to Rs 1 crore and in multiples of Rs 1000 thereof from Rs 1 crore and in multiple of Rs 1 lakh thereof. And under super institutional plan the minimum application amount has decreased to Rs 5 crore and in multiple of Rs 1000 thereof from Rs 10 crore and in multiple of Rs 10 lakh thereof.

The additional subscription amount of retail plan has revised to Rs 1000 and in multiple of Rs 1000 from Rs 1000 and in minimum Re 1 thereof, institutional plan revised to Rs 1 lakh and in multiple of Rs 1000 from Rs 1 lakh and in minimum Re 1 thereof and super institutional plan has decreased to Rs 1 lakh and in multiple of Rs 1000 from Rs 10 lakh and in multiple of Re 1.

Franklin Templeton MF Revise Go Out Weight Association - April 27, 2009

Franklin Templeton Mutual Fund has approved the revision in the exit load structure under Templeton India Short Term Income Plan, with effect from April 27, 2009. Accordingly, the scheme will charge an exit load of 0.75% for the purchase units equal to or greater than Rs 25 crore, if redeemed within 4 months from the date of allotment.

However, for purchase of units less than Rs 25 crore, an exit load of 0.50% will be charged if redeemed within 4 months from the date of allotment. Currently, the scheme is charging 0.50%, if redeemed within 3 months from the date of allotment.

Templeton India Short Term Income Plan is an open end income scheme with an aim to provide stable returns by investing in fixed income securities.

ICICI Pru Dynamic Plan Over Most Of The Time Periods - April 27, 2009

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 51432.50 crore assets under management as on March 2009.

ICICI Pru Dynamic Plan (G) an open-ended equity scheme launched in October 2002. The objective of the scheme is to seek to generate capital appreciation by actively investing in equity/equity related securities. The minimum investment amount is Rs 5000 and in multiples of Rs 1 thereafter. The unit NAV of the scheme was Rs 57.07 as on 24 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 56.06 crore to Rs 1046.08 crore in March 2009.

ICICI Pru Dynamic Plan (G) took fresh exposure to eight stocks in March 2009. The scheme has purchased 5.98 lakh units (5.54%) of HDFC Bank, 2.00 lakh units (2.04%) of State Bank of India (SBI) and 2.70 lakh units (1.78%) of Lupin among others.

The scheme exited completely from Punjab National Bank by selling 9.75 lakh units (3.33%), Sterlite Industries (India) by selling 10.50 lakh units (2.60%), Oil & Natural Gas Corporation by selling 1.67 lakh units (1.17%) and IVRCL Infrastructures & Projects by selling 26614 units (0.03%) in March 2009.

Sector-wise, the scheme took fresh exposure to Personal Care–Multinational sector at 1.58%, Cement-North India at 1.41% and Paints/Varnishes at 1.12% in March 2009.

Sector-wise, the scheme exited completely from Oil Drilling/Allied Services at 1.17% in March 2009.

The scheme had highest exposure to Reliance Industries with 6.50 lakh units (9.47% of portfolio size) followed by Bharti Airtel with 12.31 lakh units (7.37%), Hindustan Zinc with 10.07 lakh units (4.31%) and ITC with 22.81 units (4.03%) among others in March 2009.

It reduced its exposure from ICICI Bank by selling 3.95 lakh units to 8.02 lakh units (by 1.42%), Cipla by selling 6.08 lakh units to 4.42 lakh units (1.10%), Infosys Technologies by selling 74941 units to 75053 units (0.92%) and Tata Consultancy Services of India by selling 1.36 lakh units to 2.47 lakh units (0.58%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Banks-Private Sector at 12.24% (from 7.99% in February 2009), followed by Refineries at 9.47% (3.84%), Pharmaceuticals-Indian-Bulk Drugs & Formulation at 7.53% (8.67%) and Telecommunications-Service Provider at 7.37% (7.33%) among others in March 2009.

Sector wise, the scheme had reduced exposure from Mining/Minerals/Metals to 4.31% (by 1.73%), Computers-Software–Large to 4.40% (by 1.43%), Banks-Public Sector to 3.38% (by 1.28%) and Pharmaceuticals-Indian-Bulk Drugs & Formulation to 7.53% (by 1.14%) among others in March 2009.

Performance: The scheme underperformed the Sensex over most of the time periods.

Over three-month period ended as on 24 April 2009, the scheme posted returns of 22.02% underperforming the Sensex that posted returns of 30.60%. Over 6 month period, the scheme's returns plunged to 28.11% underperforming the Sensex that rose 30.20%.

The returns of the scheme over one year period fell 26.81% outperforming the Sensex that plunged by 33.85%.

JM Arbitrage Gain Fund Buy Bank Of India - April 27, 2009

JM Arbitrage Advantage Fund (G) took fresh exposure to three stocks in March 2009. The scheme has purchased 1.20 lakh units (0.91%) of Bank of India, 1.11 lakh units (0.90%) of Bank of Baroda and 2.00 lakh units (0.57%) of Strides Arcolab.

The scheme exited completely from Sintex Industries by selling 9.15 lakh units (by 2.87%), Voltas by selling 20.89 lakh units (2.72%) and Bombay Rayon Fashions by selling 2.30 lakh units (0.71%) among others in March 2009.

Sector -wise, the scheme took no fresh exposure to any sector in March 2009.

Sector-wise, the scheme exited completely from Diversified–Large at 2.87%, Textiles-Products at 0.71% and Textiles–Manmade at 0.18% in March 2009

The scheme had highest exposure to Infosys Technologies with 1.85 lakh units (8.46% of portfolio size) followed by Hindustan Unilever with 6.07 lakh units (4.98%), Oil & Natural Gas Corporation with 1.62 lakh units (4.37%) and GTL with 4.95 lakh units (4.07%) among others in March 2009.

It reduced its exposure from Punjab National Bank by selling 3.57 lakh units to 7284 units (by 4.26%), ICICI Bank by selling 3.29 lakh units to 1.50 lakh units (3.85%), Housing Development Finance Corporation by selling 75501 units to 26522 units (3.30%) and Reliance Industries of India by selling 64780 units to 36206 units (2.62%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Computers-Software–Large at 14.78% (from 7.45% in February 2009), followed by Oil Drilling/Allied Services at 5.09% (4.26%), Personal Care–Multinational at 4.98% (5.15%) and Telecommunications–Equipment at 4.07% (3.21%) among others in March 2009.

Sector wise, the scheme had reduced exposure from Banks-Private Sector to 3.26% (by 3.72%), Finance–Housing to 1.29% (by 3.30%), Refineries to 2.35% (by 2.52%) and Banks-Public Sector to 3.33% (by 2.51%) among others in March 2009.

Escorts Mutual Fund Declares Dividend Distribution - April 25, 2009

Escorts Mutual Fund has declared 30 April 2009 as the record date for dividend distribution under Escorts Income Plan. The fund house has decided to distribute Re 0.040 per unit as dividend as on the record date on the face value of Rs 10 per unit.

Escorts Income Plan recorded NAVs of Rs 11.5608 per unit under dividend option, Rs 28.3588 per unit under growth option and Rs 14.9324 per unit under bonus option as on 22 April 2009.

The investment objective of Escorts Income Plan is to generate current income by investing predominantly in a well-diversified portfolio of fixed income securities and money market instruments with moderate risk levels.

HSBC Dynamic Fund Under Performs The Sensex - April 25, 2009

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 9575.19 crore as on March 2009.

HSBC Dynamic Fund (G) an open-ended equity scheme launched in August 2007. The objective of the scheme is to provide long term capital appreciation by allocating funds in equity and equity related instruments. It also has the flexibility to move, entirely if required, into debt instruments in times that the view on equity markets seems negative.. The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 6.74 as on 23 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 3.69 crore to Rs 234.13 crore in March 2009.

HSBC Dynamic Fund (G) took fresh exposure to one stock in March 2009. The scheme has purchased 81082 units (5.27%) of Reliance Industries.

The scheme exited completely from Ranbaxy Laboratories by selling 2.25 lakh units (1.58%) and Housing Development Finance Corporation (HDFC) by selling 24236 units (1.33%) in March 2009.

Sector -wise, the scheme took no fresh exposure to any sector in March 2009.

Sector-wise, the scheme exited completely from Finance – Housing at 1.33% in March 2009.

The scheme had highest exposure to ITC with 9.45 lakh units (7.46% of portfolio size) followed by Bharti Airtel with 1.90 lakh units (5.09%), Hindustan Unilever with 3.58 lakh units (3.65%) and HDFC Bank with 87499 units (3.62%) among others in March 2009.

It reduced its exposure from Bharti Airtel by selling 44195 units to 1.90 lakh units (by 1.39%), Hindustan Petroleum Corporation by selling 75036 units to 2.00 lakh units (1.04%), Colgate-Palmolive (India) by selling 41695 units to 1.48 lakh units (0.84%) and Power Grid Corporation of India by selling 1.62 lakh units to 6.29 lakh units (0.75%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Refineries at 7.57% (from 3.34% in February 2009), followed by Cigarettes at 7.46% (7.23%), Telecommunications - Service Provider at 7.10% (8.32%) and Personal Care – Multinational at 6.63% (7.26%) among others in March 2009.

Sector wise, the scheme had reduced exposure from Pharmaceuticals - Indian - Bulk Drugs & Formulation to 3.95% (by 1.97%), Telecommunications - Service Provider to 7.10% (by 1.22%), Power Generation and Supply to 4.44% (by 0.74%) and Personal Care – Multinational to 6.63% (by 0.63%) among others in March 2009.

Performance: The scheme underperformed the Sensex over all the time periods.

Over three-month period ended as on 23 April 2009, the scheme posted returns of 10.47% underperforming the Sensex that posted returns of 28.37%. Over 6 month period, the scheme's returns plunged to 5.86% underperforming the Sensex that rose 13.95%.

The returns of the scheme over one year period fell 33.55% underperforming the Sensex that plunged by 33.32%.

Franklin Templeton MF Revises Exit Load Structure - April 25, 2009

Franklin Templeton Mutual Fund has approved revision in the exit load structure under Templeton India Short Term Income Plan, with effect from 27 April 2009.

Accordingly, for the purchase units equal to or greater than Rs 25 crore, the scheme will charge 0.75% of exit load if redeemed within 4 months from the date of allotment. And for purchase of units less than Rs 25 crore, 0.50% if redeemed within 4 months from the date of allotment. Currently, the scheme is charging 0.50%, if redeemed within 3 months from the date of allotment.

Templeton India Short Term Income Plan is an open end income scheme to provide stable returns by investing in fixed income securities.

Birla Sun Life MF Declares Dividend - April 24, 2009

Birla Sun Life Mutual Fund has announced 28 April 2009 as the record date for dividend distribution under the dividend option of Birla Sun Life Quarterly Interval Fund-Series 7. The fund house has decided to distribute 100% distributable surplus as dividend as on the record date on the face value of Rs 10 per unit. The scheme recorded NAV of Rs 10.1018 per unit as on 22 April 2009.

Birla Sun Life Quarterly Interval Fund-Series 7 is an interval income scheme with the objective to generate regular income through investments in debt and money market instruments.

Canara Robeco MF Declares Dividend - April 24, 2009

Canara Robeco Mutual Fund has declared 28 April 2009 as the record date for dividend distribution under Canara Robeco Fixed Maturity Plan-2 (13 Months). The fund house has decided to distribute 100% distributable surplus as dividend as on the record date. Canara Robeco Fixed Maturity Plan-2 (13 Months) recorded NAVs of Rs 11.0509 per unit under retail plan and Rs 11.1102 per unit under institutional plan as on 22 April 2009.

The investment objective of Canara Robeco Fixed Maturity Plan-2 (13 Months) is to seek to generate returns by investing in fixed income debt securities, the maturity of which would be in tune with the maturity of respective plans/series so as to insulate the portfolio from the interest rate volatility, if investors remain in the scheme till maturity.

HDFC MF Declares Surplus - April 24, 2009

HDFC Mutual Fund has declared 29 April 2009 as the record date for dividend distribution under HDFC FMP 18M October 2007-Retail Plan-Normal and Quarterly Dividend Option and HDFC FMP 18M October 2007-Wholesale Plan-Normal and Quarterly Dividend Option. The fund house has decided to distribute 100% distributable surplus as dividend as on the record date on the face value of Rs 10 per unit.

HDFC FMP 18M October 2007-Retail Plan-Normal Dividend Option recorded NAV of Rs 11.2666 per unit and HDFC FMP 18M October 2007-Retail Plan- Quarterly Dividend Option recorded NAV of Rs 10.4513 per unit as on 22 April 2009. HDFC FMP 18M October 2007-Wholesale Plan-Normal Dividend Option recorded NAV of Rs 11.3664 per unit as on 22 April 2009.

HDFC FMP 18M October 2007 is a fixed maturity plan under HDFC Fixed Maturity Plans – Series VI, a close ended income scheme. The investment objective is to generate regular income through investments in debt/money market instruments and government securities.

DSP Black Rock World Energy Fund Looks Sebi Approval - April 23, 2009

DSP BlackRock Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch DSP BlackRock World Energy Fund, an open-ended fund of funds scheme, investing in international fund. The face value of the new issue will be Rs 10 per unit.

The primary investment objective of the scheme is to seek capital appreciation by investing predominantly in the units of BlackRock Global Funds-World Energy Fund and BlackRock Global Funds-New Energy Fund. The scheme may, at the discretion of the investment manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP BlackRock Mutual Fund, in order to meet liquidity requirements from time to time.

Features of the scheme Investment option: The scheme offers two plans viz. regular and institutional plan with growth and dividend option. The dividend option further offers dividend payout and dividend reinvest facility.

Minimum application amount: The minimum investment amount under regular plan will be Rs 5000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 5 crore and in multiples of Re 1 thereafter.

The scheme seeks to collect a minimum subscription amount of Rs 1 crore during NFO period.

Asset allocation: The scheme will invest 50-100% in units of BlackRock Global Funds (BGF)-World Energy Fund (WEF) or other similar overseas mutual fund scheme(s) with high risk profile. It will invest 0- 30% in units of BlackRock Global Funds (BGF)-New Energy Fund (NEF) or other similar overseas mutual fund scheme(s) with high risk profile (in the shares of BGF-WEF and BGF-NEF, an Undertaking for Collective Investment in Transferable Securities (UCITS) III fund). It will also invest 0-20% in money market securities and/or units of money market/liquid schemes of DSP BlackRock Mutual Fund with low to medium risk.

Load structure: Regular Plan: Entry load: The scheme will levy an entry load of 2.25% for investments less than Rs. 5 crore of the initial value of Rs. 10/- during NFO/applicable NAV during continuous offer. For investments of Rs. 5 crore and above, no entry load will be charged.

No entry load on direct applications, i.e. applications not routed through a distributor/agent/broker.

Exit load: 1% will be the exit load for holding period less than 6 months from the date of allotment. 0.50% exit load for holding period more than 6 months but less than 12 months from the date of allotment. While no exit load will be levied for holding period more than 12 months.

Institutional Plan: There will be no entry load and exit load.

Benchmark index: 70% MSCI World Energy (Net) and 30% MSCI World (Net).

Fund Manager: Aditya Merchant will be fund manager for the scheme.

IDFC Premier Equity Fund Plan A Declares Dividend - April 23, 2009

IDFC Mutual Fund has declared dividend in the dividend option of IDFC Premier Equity Fund Plan A. The date of distribution of dividend is 28 April 2009. The fund house has decided to distribute Rs 1.50 per unit as dividend on the record. The scheme recorded NAV of Rs 15.1428 per unit as on 21 April 2009.

The investment objective of the scheme is to seek to generate long-term capital growth from an actively managed portfolio of predominantly equity and equity related instruments. The scheme portfolio would acquire, inter alia, small and medium size business with good long term potential, which is available at cheap valuations.

Birla Sun Life Short Term Opportunities Fund Declares Dividend - April 23, 2009

Birla Sun Life Mutual Fund has decided to declare dividend for Birla Sun Life Short Term Opportunities Fund. The fund will offer dividend under institutional plan and retail plan. The record date for the dividend is 27 April 2009. The Fund will distribute 1.00% i.e. Rs 0.1000 per unit as dividend under retail plan and 1.115% i.e. Rs 0.1115 per unit under institutional option on face value of Rs 10 per unit.

The NAV of the scheme was at Rs 10.2593 per unit and Rs 10.1115 per unit under retail and institutional option, respectively as on 21 April 2009.

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

Franklin Templeton MF Exposed Performs The Moment Of Periods - April 22, 2009

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 19205.30 crore in March 2009.

Franklin India Flexi Cap Fund (G) is an open-ended equity diversified scheme launched in January 2005. The investment objective is to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalistion range. The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 16.76 as on 21 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 109.53 crore to Rs 1495.13 crore in March 2009.

Franklin India Flexi Cap Fund (G) took fresh exposure to nine stocks in March 2009. The scheme has purchased 58.07 lakh units (2.02%) of Hindalco Industries, 55.75 lakh units (2.02%) of Infrastructure Development Finance Company (IDFC), 51.32 lakh units (1.31%) of Gujarat State Petronet, and 1.03 lakh units (1.09%) of Grasim Industries among others.

The scheme exited completely from Bharat Heavy Electricals by selling 5.54 lakh units (5.59%), Housing Development Finance Corporation (HDFC) by selling 4.44 lakh units (4.07%), Indian Oil Corporation by selling 9.14 lakh units (2.89%) and Bharat Petroleum Corporation by selling 4.66 lakh units (1.29%) in March 2009.

Sector -wise, the scheme took fresh exposure in Aluminium and Aluminium Products at 2.02%, Finance & Investments at 2.02%, Diversified–Mega at 1.71% and Textiles–Manmade at 0.58% among others in March 2009.

Sector-wise, the scheme exited completely from Finance–Housing at 4.07%, Cement-North India at 0.55% in March 2009.

The scheme had highest exposure to Bharti Airtel with 20.99 lakh units (8.79% of portfolio size) followed by HDFC Bank with 13.54 lakh units (8.77%), Axis Bank with 31.38 lakh units (8.70%) and Reliance Industries with 7.89 lakh units (8.04%) among others in March 2009.

It reduced its exposure from Hero Honda Motors by selling 2.21 lakh units to 1.60 lakh units (by 1.41%), Reliance Petroleum by selling 16.03 lakh units to 4.99 lakh units (0.84%), Idea Cellular by selling 22.76 lakh units to 1.13 crore units (0.80%) and ICICI Bank by selling 1.84 lakh units to 6.74 lakh units (0.54%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Banks-Private Sector at 20.72% (from 16.97% in February 2009), followed by Telecommunications-Service Provider at 12.61% (13.70%), Refineries at 8.36% (13.44%) and Engineering-Turnkey Services at 4.65% (3.37%) among others in March 2009.

Sector wise, the scheme had reduced exposure from Electric Equipment to 2.16% (by 5.23%), Refineries to 8.36% (by 5.08%), Automobiles-Motorcycles/Mopeds to 1.15% (by 1.41%) and Telecommunications-Service Provider to 12.61% (by 1.09%) among others in March 2009.

Performance: The scheme outperformed the Sensex over most of the time periods.

Over three-month period ended as on 21 April 2009, the scheme posted returns of 21.37% underperforming the Sensex that posted returns of 24.14%. Over 6 month period, the scheme's returns surged to 3.76% outperforming the Sensex that rose 2.01%.

The returns of the scheme over one year period fell 29.09% underperforming the Sensex that plunged by 34.90%.

ICICI Pru MF Declare Bonus In Favor Of 17 Months FMPs - April 22, 2009

ICICI Prudential Mutual Fund has approved 27 April 2009 as the record date to distribute dividend under the dividend option of ICICI Prudential Fixed Maturity Plan-Series 41-Seventeen Months Plan. The fund house has decided to offer 100% of distributable surplus as dividend as on the record date on the face value of Rs 10 per unit.

The scheme recorded a NAV of Rs 11.2087 as on 15 April 2009. NAVs published only once a week i.e. every Wednesday.

ICICI Prudential FMP-Series 41-Seventeen Months Plan is a close ended debt fund with an investment objective of generating returns by investing in a portfolio of fixed income securities/debt instruments normally maturing in line with the time profile of the Scheme.

Tata Mutual Funds Declares Dividend - April 22, 2009

Tata Mutual Fund has proposed to declare dividend under half yearly dividend option for Tata Fixed Income Portfolio Fund–Scheme C2. The record date is set as 27 April 2009. The AMC has decided to distribute dividend up to 100% of the returns generated between 25 October 2008 to 27 April 2009 subject to availability of distributable surplus available on the record date as dividend on the face value of Rs 10 per unit.

The NAV for the institutional investment plan was Rs 10.4727 as on 20 April 2009.

Tata Fixed Income Portfolio Fund–Scheme C2 is an open ended debt aims to generate returns and/or capital appreciation along with minimization of interest rate risk by investing predominantly in a portfolio of debt and money market instruments.

DBS Chola Mutual Fund The Sensex Above Mainly Of The Occasion Period - April 21, 2009

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 1023.49 crore of assets as on March 2009.

DBS Chola Growth Fund (G) an open-ended equity scheme launched in January 2006. The objective of the scheme is to generate long term capital appreciation income through investments in equity and equity related instruments; the secondary objective is to generate some current income and distribute dividend. The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 22.41 as on 20 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 0.82 crore to Rs 10.39 crore in March 2009.

DBS Chola Growth Fund (G) took fresh exposure to eight stocks in March 2009. The scheme has purchased 12963 units (2.97%) of Hindustan Unilever, 4005 units (1.48%) of Mahindra & Mahindra, 37055 units (1.41%) of Indian Hotels, 3405 units (1.27%) of Indian Oil Corporation.

The scheme exited completely from Punjab National Bank by selling 3502 units (1.23%), Aditya Birla Nuvo by selling 2497 units (1.09%) and Tata Chemicals by selling 4997 units (0.65%) in March 2009.

Sector -wise, the scheme took fresh exposure in Personal Care – Multinational at 2.97%, Automobiles – Tractors at 1.48%, Hotels at 1.41% and Packaging at 1.15% among others in March 2009.

Sector-wise, the scheme exited completely from Textiles – Manmade at 1.09% in March 2009.

The scheme had highest exposure to Reliance Industries with 4654 units (6.82% of portfolio size) followed by Bharti Airtel with 6999 units (4.22%), Bharat Heavy Electricals with 2806 units (4.06%) and NTPC with 20960 units (3.63%) among others in March 2009.

It reduced its exposure from Tata Consultancy Services by selling 3240 units to 998 units (by 1.61%), Tata Power Company by selling 1246 units to 1255 units (0.98%), Power Grid Corporation of India by selling 5064 units to 10998 units (0.61%) and GAIL (India) by selling 2979 units to 6534 units (0.48%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Power Generation and Supply at 10.51% (from 11.24% in February 2009), followed by Telecommunications - Service Provider at 9.61% (9.01%), Banks - Private Sector at 8.11% (8.95%) and Refineries at 8.09% (6.48%) among others in March 2009.

Sector wise, the scheme had reduced exposure from Computers - Software – Large to 1.50% (by 1.68%), Banks - Public Sector to 3.08% (by 1.36%), Banks - Private Sector to 8.11% (by 0.84%) and Power Generation and Supply to 10.51% (by 0.73%) among others in March 2009.

Performance: The scheme underperformed the Sensex over most of the time periods.

Over three-month period ended as on 20 April 2009, the scheme posted returns of 19.27% underperforming the Sensex that posted returns of 20.65%. Over 6 month period, the scheme's returns surged to 10.34% outperforming the Sensex that rose 7.40%.

The returns of the scheme over one year period fell 37.16% underperforming the Sensex that plunged by 33.38%.

UTI MF Announces The Merger Of Funds - April 21, 2009

UTI Mutual Fund has made a decision to merge the UTI Index Select Fund into UTI Mastergrowth Unit scheme. An option is hereby given to the unit holders of the above schemes to redeem their units at the prevalent NAV without any exit load during April 21, 2009 to May 20, 2009 (both days inclusive). No action is required if the unit holder is agreeable to continue in the merged scheme. And the book closure period is from May 21, 2009 to May 25, 2009. The change in Fundamental Attributes of UTI- Mastergrowth Unit Scheme:

UTI Mutual fund has announced the change in fundamental attributes of UTI- Mastergrowth Unit Scheme, with effect from May 20, 2009. The name of the scheme will be changed and will be named as UTI Top 100 Fund.

The Fundamental Attributes are: The objective of the fund aims is to provide long term capital appreciation/dividend distribution by investing predominantly in equity and equity related instruments.

The scheme will invest upto 65%-100% in equity and equity related instruments of top 100 stocks by market capitalization while upto 35% in other equity or equity related instruments. Moreover, the scheme also invests upto 35% in debt and money market instruments including securitised debt.

Kotak MF 370 Days Series 1 Files Offer Document With Sebi - April 21, 2009

Kotak Mutual Fund has filed an offer document with SEBI to launch Kotak Fixed Maturity Plan 370 days Series 1, which is a close ended debt scheme. The new fund offer (NFO) price for the scheme is Rs 10 per unit The objective of the scheme is to generate returns through investments in debt as well as money market instruments. The scheme shall offer growth and dividend options. Dividend option will offer dividend payout option.

The scheme will invest 100% in debt and money market instruments and government securities with low to medium risk profile. The debt instruments shall be deemed to include securitised debts (excluding foreign securitised debt) and investment in this shall not exceed 50% of the net assets of the scheme. From time to time the scheme may hold cash to meet the redemption requirements. The scheme will not charge any entry or exit load.

The fund will be listed on NSE. The minimum application amount will be Rs 5,000 and in multiples of Rs 10 for purchases and switch-ins during NFO. However, the Fund seeks to collect a minimum subscription amount of Rs 2 crore in the New Fund Offer of Kotak FMP 370 days Series 1.

ICICI Prudential Mutual Fund Declares Dividend - April 20, 2009

ICICI Prudential Mutual Fund has declared dividend under the dividend option of ICICI Prudential Equity & Derivative Fund–Income Optimiser Plan. The record date is set as 24 April 2009. The fund house has decided to distribute dividend of Re 0.50 per unit i.e. 5% the face value of Rs 10 per unit as dividend on the record date.

The NAV under retail plan at Rs 10.560 per unit and under institutional plan was at Rs 10.640 per unit as on 16 April 2009.

ICICI Prudential Equity & Derivative Fund–Income Optimiser Plan is an open ended equity fund with an investment objective to seek to generate low volatility returns by using arbitrage and other derivative strategies in equity markets and investments in short-term debt portfolio.

Canara Robeco Mutual Fund Under Performs The Sensex - April 20, 2009

Background: Canbank Investment Management Services Ltd. is a wholly owned subsidiary of Canara Bank, established in 1906, is a leading Nationalized Bank operating in India abroad through its network of branches in India and offices in London, Moscow, UAE and Hong Kong. It has commenced it operation from 19 December 1987. Fund house manages assets worth Rs 4743.88 crore at the end of March 2009.

Canara Robeco Nifty Index Fund (G) an open-ended index scheme launched in September 2004. The objective of the scheme is to generate income/capital appreciation by investing in companies whose securities are included in the S & P CNX Nifty. The minimum investment amount is Rs 5000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 18.01 per unit as on 17 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 0.14 crore to Rs 4.44 crore in March 2009.

Canara Robeco Nifty Index Fund (G) took fresh exposure to one stock in March 2009. The scheme has purchased 835 units (0.78%) of Axis Bank.

The scheme exited completely from Zee Entertainment Enterprises by selling 1062 units (0.26%) in March 2009.

Sector -wise, the scheme took no fresh exposure in March 2009.

Sector-wise, the scheme exited completely from Entertainment/Electronic Media Software at 0.26% in March 2009.

The scheme had highest exposure to Reliance Industries with 3663 units (12.59% of portfolio size) followed by Oil & Natural Gas Corporation with 4978 units (8.75%), NTPC with 19183 units (7.78%) and Bharti Airtel with 4418 units (6.23%) among others in March 2009.

It reduced its exposure from NTPC by selling 984 units to 19183 units (by 0.91%), Bharti Airtel by selling 224 units to 4418 units (0.67%), Hindustan Unilever by selling 254 units to 5077 units (0.43%) and ITC by selling 441 units to 8786 units (0.27%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Refineries at 15.54% (from 14.11% in February 2009), followed by Power Generation and Supply at 12.69% (13.94%), Oil Drilling/Allied Services at 10.59% (10.23%) and Telecommunications-Service Provider at 9.70% (10.22%) among others in March 2009.

Sector wise, the scheme had reduced exposure from Power Generation and Supply to 12.69% (by 1.25%), Telecommunications-Service Provider to 9.70% (by 0.52%), Personal Care– Multinational to 2.72% (by 0.43%) and Cigarettes to 3.66% (by 0.27%) among others in March 2009.

Performance: The scheme underperformed the Sensex over most of the time periods except one year period.

Over three-month period ended as on 17 April 2009, the scheme posted returns of 17.18% underperforming the Sensex that posted returns of 18.15%. Over 6 month period, the scheme's returns scaled up 10.09% underperforming the Sensex that rose 10.50%.

The returns of the scheme over one year period fell 31.91% underperforming the Sensex that plunged by 33.12%.

Birla Sun Life MF Announces Changes - April 18, 2009

Birla Sun Life Mutual Fund has decided to change the name, fund manager and entry load structure of Birla Sun Life Balance and it also decided to increase in limits of trading in derivative instruments by the scheme, with effect from 20 April 2009.

i) The fund name of Birla Sun Life Balance fund has renamed as Birla Sun Life Freedom Fund. And the fund managers Maneesh Dangi & Vineet Maloo will replace A. Balasubramanian, the existing fund manager of the scheme.

ii) As per the revision, the scheme has increased its entry load to 2.50% from 2.25%, for purchase/switch-in of units less than Rs 5 crore in value and no charges will be levied for the purchase/ switch in of units equal to or greater than Rs 5 crore in value. And no change in the exit load structure of the scheme.

Currently the scheme is charging an exit load of 1.00%, for purchase/ switch-in of units less than Rs 5 crore in value, if redeemed/ switched out within 12 months from the date of allotment. For purchase/switch in of unit equal to or greater than Rs 5 crore in value, no exit load is payable.

Kotak MF Declares Dividend For Quarterly Interval Plan - April 17, 2009

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 5. The fund house has decided to distribute up to 100% of distributable surplus as dividend on the record date 22 April 2009 on the face value of Rs 10 per unit. The scheme recorded a NAV of Rs 10.1105 per unit as on 15 April 2009.

The specified transaction period is on 22 April 2009.

Kotak Quarterly Interval Plan -Series 5 is a debt oriented interval scheme with an investment objective to generate returns by investing in debt and money market instruments with a view to significantly reduces the interest rate risk.

Birla Sun Life Mutual Fund The Sensex Over All Time Periods - April 17, 2009

Background: Birla Sun Life Asset Management Company (investment managers for Birla Mutual Fund) is a joint venture between the Aditya Birla Group and Sun Life Financial Services of Canada. Birla Sun Life Mutual Fund has emerged as one of India's leading mutual funds and offers a spectrum of investment schemes designed to cater to every need of the investor. The fund house manages assets worth Rs 47096.23 crore at the end of March 2009.

Birla Sun Life Advantage Fund (G) an open-ended equity scheme was launched in August 1998. The objective of the scheme is to achieve long term growth of capital at relatively moderate levels of risk through a diversified research based investment approach. The minimum investment amount is Rs.5000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 86.77 as on 16 April 2009.

Portfolio: The total net assets of the scheme decreased by Rs 0.31 crore to Rs 218.80 crore in March 2009.

Birla Sun Life Advantage Fund (G) took fresh exposure to four new stocks in March 2009. The scheme has purchased 2.80 lakh units (1.17%) of Punj Lloyd, 4.68 lakh units (1.16%) of Infrastructure Development Finance Company, 36705 units (0.64%) of BEML, 1314 units (0.01%) of Sun TV Network.

The scheme completely exited from Bharat Petroleum Corporation by selling 1.00 lakh units (1.75%), Jet Airways (India) by selling 1.85 lakh units (1.20%), Aban Offshore by selling 45501 units (0.66%) and Unitech by selling 5.00 lakh units (0.64%) among others in March 2009.

Sector-wise, the scheme took fresh exposure to Finance & Investments at 1.16% and Entertainment/Electronic Media Software at 0.01% in March 2009.

Sector-Wise, the scheme exited completely from Transport – Airlines at 1.20% and Oil Drilling/Allied Services at 0.66% in March 2009.

The scheme had highest exposure to Reliance Industries with 1.12 lakh units (7.83% of portfolio) followed by Infosys Technologies with 82289 units (4.98%) and Bharat Heavy Electricals with 64284 units (4.42%) among others in March 2009.

It reduced its exposure to Indian Oil Corporation by selling 82570 units to 1.87 lakh units (by 2.07%), Housing Development Finance Corporation by selling 28527 units to 31473 units (by 1.45%) and Jindal Steel & Power by selling 23734 units to 56266 units (by 0.72%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Refineries at 11.15% (from 12.68% in February 2009), followed by Telecommunications - Service Provider at 11.07% (9.43%) and Banks - Private Sector at 7.79% (8.44%) among others in March 2009.

Sector wise, the scheme had reduced exposure to Refineries to 11.15% (by 1.53%), Finance – Housing to 2.03% (by 1.45%) and Steel - Sponge Iron to 3.09% (by 0.72%) among others in March 2009.

Performance: The scheme underperformed the Sensex over all the time periods.

Over three-month period ended as on 16 April 2009, the scheme posted returns of 12.95% underperforming the Sensex that posted returns of 17.41%. Over 6 month period, the scheme's returns rose 3.14% underperforming the Sensex that gained 9.74%.

The returns of the scheme over one year period fell 35.75% underperforming the Sensex that plunged by 33.58%.

Taurus Mutual Fund Revises Load Structure For Various Schemes - April 17, 2009

Taurus Mutual Fund has announced the following changes in the load structure for investments under Taurus Ethical Fund, Taurus Short Term Bond Fund and Taurus Income Fund, with effect from April 16, 2009.

As per the changes, for investments less than Rs 2 crore, an entry load of 2.25% will be charged while on the other hand, no entry load will be charged for investments greater than or equal to Rs 2 crore. and 2.25% of entry load will be charged for any amount by Systematic Investment Plan (SIP).

However, the scheme will charge an exit load of 1.00% for investment amount less than Rs 2 crore, if redeemed within 6 months and 0.50%, if redeemed after 6 months but before 12 months. For the investment amount greater than Rs 2 crore and less than 5 crore the scheme will charge an exit load of 0.50%, if redeemed within 6 months and nil, if redeemed after six month. And the scheme will not charge any exit load for the investment amount greater than Rs 5 crore.

SBI Mutual Fund Rolls Out Systematic Investment Plan - April 16, 2009

SBI Mutual Fund has come out with a 'micro systematic investment plan' that would entail a minimum monthly SIP payment of only Rs 100 a month. This plan is aimed at getting in low income households in rural and semi-urban areas to benefit from long-term investment in equity as an asset class, the source said.

It targets to get 2.5 lakh investors within a year through this plan. If the PAN requirement is waived off for this product, the fund house could target about 10 lakh investors within a year, said the source.

The investment plan, named SBI Chota SIP, also includes a minimum lock-in period of five years, and is available on four select mutual fund schemes of the company. These are SBI Magnum Balanced Fund, MMPS 93, MSFU Contra Fund, and SBI Blue Chip Fund.

This plan would be extended to other schemes as well. The minimum redemption amount under this plan is Rs 500.The fund house, a joint venture between SBI Bank and Societe-Generale AMC of France manages assets worth Rs 26,382 crore as on March end.

ICICI Pru MF Declares Dividend For 16 Months FMPs - April 16, 2009

ICICI Prudential Mutual Fund has approved 21 April 2009 as the record date to distribute dividend under the dividend option of ICICI Prudential Fixed Maturity Plan- Series 41-Sixteen Months Plan. The fund house has decided to offer 100% of distributable surplus as dividend as on the record date on the face value of Rs 10 per unit.

The scheme has recorded the NAV of Rs 10.1519 per unit. (NAVs published only once a week i.e. every Wednesday.)

ICICI Prudential FMP- Series 41-Sixteen Months Plan is an close ended debt scheme with an investment objective of generating returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the Scheme.

UTI Mutual Fund Savings Plan Outperforms The Sensex - April 16, 2009

Background: UTI Mutual Fund is managed by UTI Assets Management Company Private Limited has come into existence with effect from 1st Feb.2003 who has been appointed by the UTI Trustee Company Pvt. Ltd. for managing the scheme of UTI Mutual and the scheme transferred from UTI Mutual Fund. Three leading public sector banks-Bank of Baroda, Punjab National Bank and life Insurance Corporation of India are sponsors of the UTI Mutual Fund. The fund house manages assets worth Rs 48754.17 crore at the end of March 2009.

UTI-Equity Tax Savings Plan (G) is an open-ended tax-planning scheme launched in November 1999. The objective of the scheme is enabling members to avail tax rebate under section 88 of the IT Act and provide them with the benefits of growth. The minimum investment amount is Rs.500 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs 23.42 as on 15 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 36.43 crore to Rs 273.72 crore in March 2009.

UTI-Equity Tax Savings Plan (G) took fresh exposure to five stocks in March 2009. The scheme has purchased 15.00 lakh units (2.10%) of Gujarat State Petronet, 51600 units (2.02%) of Hero Honda Motors, 50000 units (1.78%) of HDFC Bank, 27824 units (0.56%) of UltraTech Cement, and 15219 units (0.40%) of Shree Cement in March 2009.

The scheme exited completely from Sun Pharmaceuticals Industries by selling 10000 units (0.43%) in March 2009.

Sector -wise, the scheme took fresh exposure to Automobiles - Motorcycles / Mopeds at 2.02% and Cement- North India at 0.96% in March 2009.

Sector-wise, the scheme did not exit completely from any sector in March 2009.

The scheme had highest exposure to Bharti Airtel with 2.05 lakh units (4.69% of portfolio size) followed by Bharat Heavy Electricals with 80000 units (4.41%), ITC with 5.50 lakh units (3.71%) and Reliance Industries with 65,000 units (3.62%) among others in March 2009.

It reduced its exposure from Bharti Airtel to 2.05 lakh units (by 0.83%), ITC to 5.50 lakh units (0.53%), Indian Oil Corporation to 90000 units (0.38%) and Bharat Heavy Electricals to 80000 units (0.32%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Refineries at 6.41% (from 6.74% in February 2009), followed by Electric Equipment at 6.27% (6.84%), Telecommunications - Service Provider at 4.69% (5.52%) and Banks - Private Sector at 4.11% (1.96%) among others in March 2009.

Sector wise, the scheme had reduced exposure from Telecommunications - Service Provider to 4.69% (by 0.83%), Electric Equipment to 6.27% (by 0.57%), Cigarettes to 3.71 (by 0.53%) and Pharmaceuticals - Indian - Bulk Drugs & Formulation to 0.41% (by 0.46%) among others in March 2009.

Performance: The scheme underperformed the Sensex over all the time periods.

Over three-month period ended as on 15 April 2009, the scheme posted returns of 13.97% underperforming the Sensex that posted returns of 24.74%. Over 6 month period, the scheme's returns dropped to 0.47% underperforming the Sensex that gained 4.40%.

The returns of the scheme over one year period fell 32.23% underperforming the Sensex that plunged by 30.14%.

Reliance Mutual Fund Under Performs The Time Periods - April 15, 2009

Background: Reliance Capital Limited is the sponsor of Reliance Capital Assets Management Ltd set up in June 1995. Reliance Capital Ltd. is a member of the Reliance Group and has been promoted by Reliance Industries Limited (RIL), one of India's largest private sector enterprises. The fund house manages assets worth Rs 80962.94 crore at end of March 2009.

Reliance Growth Fund (G) an open-ended equity scheme launched in September 1995. The investment objective of the scheme is to achieve long-term growth of capital through a research based investment approach. The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 233.32 per unit as on 13 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 152.02 crore to Rs 3239.85 crore in March 2009.

Reliance Growth Fund (G) took fresh exposure to two stocks in March 2009. The scheme purchased 8.98 lakh units (1.72%) of Financial Technologies (India), 7.32 lakh units (1.47%) of United Spirits in March 2009.

The scheme completely exited from Cambridge Solutions by selling 56.00 lakh units (1.44%) in March 2009.

Sector-wise, the scheme took no fresh exposure to any sector in March 2009.

Sector-wise, the scheme did not exit completely from any sector in March 2009.

The scheme had highest exposure to Lupin with 21.53 lakh units (4.58% of portfolio size) followed by Reliance Industries with 7.86 lakh units (3.70%), Divis Laboratories with 12.02 lakh units (3.54%) and Jindal Steel & Power with 9.27 lakh units (3.44%) among others in March 2009.

It reduced its exposure to State Bank of India by selling 1.98 lakh units to 6.13 lakh units (by 0.68%), Divis Laboratories by selling 1.88 lakh units to 12.02 lakh units (by 0.37%), Jain Irrigation Systems to 21.87 lakh units (by 0.27%) and Bharti Airtel by selling 4025 units to 11.64 lakh units (by 0.16%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Pharmaceuticals - Indian - Bulk Drugs at 8.12% (from 8.47% in February 2009), followed by Banks - Public Sector at 4.90% (5.54%), Computers - Software – Large at 4.19% (4.26%) and Telecommunications - Service Provider at 3.89% (3.94%) among others in March 2009.

Sector wise, the scheme had reduced exposure to Banks - Public Sector to 4.90% (by 0.64%), Pharmaceuticals - Indian - Bulk Drugs to 8.12% (by 0.35%), Plastics Products to 2.31 % (by 0.27%), and Sugar to 1.98% (by 0.08%) among others in March 2009.

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

Over three-month period ended as on 13 April 2009, the scheme posted returns of 14.25% underperforming the Sensex that posted returns of 20.90%. Over 6 month period, the scheme's returns dropped to 3.34% underperforming the Sensex that fell 3.02%.

The returns of the scheme over one year period fell 30.92% underperforming the Sensex that plunged by 30.62%.

UTI MF Declares Dividend Under Quarterly Interval Plan - April 15, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund -Series II- Quarterly Interval Plan IV. The record date for the dividend is April 20, 2009. 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 retail plan and institutional plan as on April 9, 2009 was recorded at Rs 10.2312 per unit.

The specified transaction period will be April 20, 2009. The scheme does not ask entry load. It charges no exit load if redeemed during specified transaction period. While an exit load of 1.00% of applicable NAV will be charged if redeemed at any time other than specified transaction period. The specified transaction period shall be generally open for 1 day for subscription/ redemption/ switch out/switch -in without any load, every quarter after expiry of 1 quarter from the date of allotment.

UTI Fixed Income Interval Fund -Series II- Quarterly Interval Plan IV is a debt oriented interval scheme with an objective to generate regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.

HSBC MF Declares Bonus Below Two Set Term Series - April 15, 2009

HSBC Mutual Fund has announced 20 April 2009 as the record date for declaration of dividend under dividend option of HSBC Fixed Term Series 41 and HSBC Fixed Term Series 44. The fund house has decided to distribute 100% of distributable surplus available as on record date.

The NAV for HSBC FTS 41 under regular plan was Rs. 10.0850 while that of institutional plan was Rs 10.0889 per unit as on 9 April 2009.

The NAV for HSBC FTS 44 under regular plan was Rs. 10.0387 per unit as on 9 April 2009.

HSBC FTS 41 and HSBC FTS 44 are close-ended income schemes, which seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of plans.

The scheme will charge 2% exit load if investment units redeemed before maturity.

ICICI Prud MF Declares Dividend For 13 Months Fmps -April 14, 2009

ICICI Prudential Mutual Fund has approved 20 April 2009 as the record date to distribute dividend under the dividend option of ICICI Prudential Fixed Maturity Plan- Series 43-Thirteen Months Plan -B, a close-ended debt fund. The fund house has decided to offer 100% of distributable surplus as dividend as on the record date on the face value of Rs 10 per unit.

ICICI Prudential Fixed Maturity Plan- Series 43-Thirteen Months Plan -B recorded a NAV of Rs 11.0529 per unit under retail option as on 8 April 2009. NAVs published only once a week i.e. every Wednesday.

ICICI Prud FMP- Series 43-Thirteen Months Plan -B was launched March 2008 with an investment objective of generating returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the Scheme.

UTI MF Declares Extra In Set Returns Review Gap Table - April 14, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund -Series II- Quarterly Interval Plan IV. The record date for the declaration of dividend is 20 April 2009. 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 retail plan and institutional plan was recorded at Rs 10.2312 per unit as on 9 April 2009.

The sepcified transaction period will be 20 April 2009. The scheme does not ask entry load. It charges no exit load if redeemed during specified transaction period. While 1.00% of applicable NAV will be charged as exit load if redeemed at any time other than specified transaction period.

Specified transaction period shall be generally open for 1 day for subscription/redemption/ Switch out/switch -in without any load, every quarter after expiry of 1 quarter from the date of allotment.

UTI Fixed Income Interval Fund -Series II- Quarterly Interval Plan IV is a debt oriented interval scheme with the investment objective to generate regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.

Reliance MF Outperforms The Moment Of Period - April 14, 2009

Background: Reliance Capital Limited is the sponsor of Reliance Capital Assets Management Ltd set up in June 1995. Reliance Capital Ltd. is a member of the Reliance Group and has been promoted by Reliance Industries Limited (RIL), one of India's largest private sector enterprises. The fund house manages assets worth Rs 80962.94 crore at end of March 2009.

Reliance Equity Advantage Fund (G) an open-ended equity diversified scheme launched in June 2007.

The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in portfolio predominately of equity & equity related instruments with investments generally in S & P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities.

The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 7.61 as on 13 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 91.49 crore to Rs 1384.20 crore in March 2009.

Reliance Equity Advantage Fund (G) took fresh exposure to one new stock in March 2009. The scheme has purchased 15.06 lakh units (1.05%) of Steel Authority of India.

The scheme completely exited from Bharat Heavy Electricals by selling 2.33 lakh units (2.52%) in March 2009.

Sector-wise, the scheme took no fresh exposure to any sectors in March 2009.

Sector-Wise, the scheme did not exit completely from any sector in March 2009.

The scheme had highest exposure to Reliance Industries with 7.01 lakh units (7.72% of portfolio) followed by State Bank of India with 6.77 lakh units (5.22%) and ITC with 34.23 lakh units (4.57%) among others in March 2009.

It reduced its exposure to Cipla by selling 6.98 lakh units to 13.03 lakh units (by 0.89%), Reliance Industries by selling 1.73 lakh units to 7.01 lakh units (by 0.84%) and Wipro by selling 5.69 lakh units to 12.63 lakh units (by 0.70%) among others in March 2009.

Sector-wise, the scheme had highest exposure to Refineries at 12.11% (from 13.39% in February 2009), followed by Computers - Software – Large at 8.22% (9.06%) and Telecommunications - Service Provider at 7.22% (6.86%) among others in March 2009.

Sector wise, the scheme had reduced exposure to Electric Equipment to 1.44% (by 2.44%), Refineries to 12.11% (by 1.28%) and Pharmaceuticals - Indian - Bulk Drugs & Formulation to 2.07% (by 0.89%) among others in March 2009.

Performance: The scheme outperformed Sensex over most of the time periods except over 3 months period.

Over three-month period ended as on 13 April 2009, the scheme posted returns of 18.91% underperforming the Sensex that posted returns of 20.90%. While, over 6 months period, the scheme's returns dropped to 0.62% outperforming the Sensex that fell 3.02%.

The returns of the scheme over one year period fell 24.87% outperforming the Sensex that plunged by 30.62%.

Tata MF Announce Surplus Below Fixed Horizon Fund - April 13, 2009

Tata Mutual Fund has proposed to declare dividend under periodic dividend option for Tata Fixed Horizon Fund-Series 18-Scheme D. The record date for the same is April 16, 2009. The AMC has decided to distribute up to 100% of the returns generated between 11 September 2008 to 16 April 2009 subject to availability of distributable surplus available on the record date as dividend. The face value per unit is Rs 10.

The NAV for the institutional investment plan as on April 8, 2009 was Rs. 10.8185. Tata Fixed Horizon Fund-Series 18-Scheme D was launched in August 2008. It is a close-ended debt scheme with an objective to generate income and / or capital appreciation by investing in wide range of debt as well as money market instruments.

HDFC MF Declares Dividend In FMP 13M March 2008 - April 13, 2009

HDFC Mutual Fund has approved 17 April 2009 as the record date for declaration of dividend on the face value of Rs 10 per unit under Retail Plan with normal and quarterly dividend options in HDFC Fixed Maturity Plan 13M March 2008 (2) and under wholesale plan with normal dividend option in HDFC Fixed Maturity Plan 13M March 2008(2) a fixed maturity plan under HDFC Fixed Maturity Plans-Series VII, a close-ended income scheme.

The fund house has decided to distribute 100% of distributable surplus as on the record date as dividend.

NAV of the Retail Plan–Normal dividend option was at Rs 11.0203 per unit, Retail -Quarterly dividend option was at Rs 10.5230 per unit and for Wholesale - Normal dividend option was at Rs 11.0592 per unit as on 9 April 2009.

The investment objective of the scheme is to generate regular income through investments in debt/money market instruments and government securities.

UTI MF Declares Tax-Free Dividend - April 13, 2009

UTI Mutual Fund has declared tax-free dividend of 8% (Rs.0.80 per unit on face value of Rs.10 per unit) under UTI- Wealth Builder Fund-Series II. Pursuant to the payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.

The record date for the dividend is 16 April 2009. UTI Wealth Builder Fund-Series II has declared its first dividend within a span of 5 months from the closure of NFO.

All unitholders registered under the dividend option of UTI- Wealth Builder Fund-Series II as on 16 April 2009 will be eligible for this dividend. Also investors who join the dividend option of the scheme on or before the record date will be eligible for the dividend.

The NAV per unit as on 9 April 2009 was Rs.11.51 under the dividend option.

UTI Wealth Builder Fund-Series II is an open ended equity oriented scheme. The investment objective of the Fund is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments alongwith investments in Gold ETFs and Debt and Money Market instruments.

Kotak MF Declares Dividend For Quarterly Interval Plan - April 11, 2009

Kotak Mutual Fund has declared dividend under dividend option of Kotak Quarterly Interval Plan -Series 10 The fund house has decided to distribute up to 100% of distributable surplus as dividend on the record date 16 April 2009 on the face value of Rs 10 per unit. The scheme recorded a NAV of Rs 10.1773 per unit as on 08 April 2009.

The specified transaction period is on 16 April 2009.

Kotak Quarterly Interval Plan -Series 10 is a debt oriented interval scheme with an investment objective to generate returns by investing in debt and money market instruments with a view to significantly reduces the interest rate risk.

Birla Sun Life MF Declares Dividend In FTP–Series AH - April 11, 2009

Birla Sun Life Mutual Fund has planned to declare dividend under the dividend option of Birla Sun Life Fixed Term Plan- Series AH. The fund house has decided to distribute 100% of distributable surplus on face value of Rs 10 per unit as dividend on the record date of 14 April 2009.

The scheme recorded NAV of Rs 11.2087 per unit under institutional plan and Rs 11.1671 per unit under retail plan as on 8 April 2009.

Birla Sun Life Fixed Term Plan – Series AH is a close ended income scheme, launched in December 2007 with an investment objective to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of the scheme.

Birla Sun Life Mutual Fund has grabbed two awards in CNBC-TV18 – CRISIL Mutual Fund of the Year Awards 2009. The fund house has been honored as Mutual Fund House of the Year and Debt Mutual Fund House of the Year.

ING MF Declares Dividend Under FMF Series 40 - April 11, 2009

ING Mutual Fund has announced 16 April 2009 as the record date for declaration of dividend for ING Fixed Maturity Fund - Series 40 on face value of Rs 10 per unit. The fund will offer dividend for both retail and institutional plan. The AMC plans dividend of 100% of distributable surplus as on record date on face value of Rs 10 per unit.

The NAV for both retail and institutional plan was at Rs 10.9375 per unit as on 8 April 2009.

ING Fixed Maturity Fund - Series 40 is a close -ended schemes launched in April 2008, offering an investment plan of 366 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.

SBI MF Various Schemes In Introduces Microsip - April 10, 2009

SBI Mutual Fund has approved introduction of a Micro Systematic Investment Plan (MicroSIP) facility under the current Systematic Investment Plan facility available under growth options of following schemes- Magnum Balanced Fund as well as Magnum Multiplier Plus Scheme 93, Magnum Sector Funds-Umbrella-Contra Fund, SBI Blue Chip Fund. The proposed changes will be effective from April 15, 2009.

The minimum application amount will be Rs 100 and in multiples of Rs 50 thereof. However, the minimum redemption amount will be Rs 500. The minimum tenure of SIP will be 5 years.

However, for MicroSIP, no entry load will be charged for direct applications while an entry load of 2.25% will be charged of the applicable NAV for applications other than direct applications.

For exit before 2 years from the date of investment of each installment, the exit load will be 3% of the applicable NAV. For exit after 2 years but before 5 years from the date of investment of each installment, the scheme will charge 2% as exit load of applicable NAV. However, the schemes would not levy exit load for exit after 5 years from the date of investment of each installments.

Reliance MF Declares Dividend For Monthly Interval Fund - April 10, 2009

Reliance Mutual Fund has declared dividend under dividend option of Reliance Interval Fund - Monthly Interval Fund -Series I. The record date for the dividend distribution is April 13, 2009. The fund house has decided to offer dividend on the face value of Rs 10 per unit for both plans- retail and institutional plans. The quantum of dividend will be 100% of distributable surplus as on the record date.

The NAV for the scheme under retail plan as on April 6, 2009 was Rs 10.0439 per unit and under institutional plan was Rs 10.0433 per unit. Reliance Interval Fund - Monthly Interval Fund, is a debt oriented interval scheme with an objective to seek to generate regular returns as well as 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.

Sundaram BNP Paribus Select Debt Asset Plan Set To Windup - April 10, 2009

Sundaram BNP Paribus Mutual Fund has ceased Sundaram BNP Paribus Select Debt -Dynamic Asset Plan with effect from April 7, 2009. The scheme has been wound up as it fell to fulfill the provision of the minimum 20 investors in schemes, as stated in Regulation 39 (2)(c) of Securities and Exchange Board of India Regulations, 1996.

As per the Sebi circular dated December 12, 2003, stated that each scheme and individual plan(s) under the schemes should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such scheme/plan(s). In the case of non-fulfillment with above conditions, accordingly schemes /plans shall be wound up. Accordingly, there would be no further activity and no further units would be created in the Plan.

Sundaram BNP Paribus Select Debt -Dynamic Asset Plan, which was launched in August 2002 with an objective to seek to earn regular income by investing primarily in fixed income securities.

Reliance Index Fund Sensex Plan Files Offer Document With Sebi - April 09, 2009

Reliance Mutual Fund has filed offer document with SEBI to launch Reliance Index Fund- Sensex Plan, which is an open-ended index linked Scheme. The face value of the new issue will be Rs 10 per unit. The primary investment objective of the scheme is to replicate the composition of the Sensex, with a view to generate returns that are commensurate with the performance of the Sensex, subject to tracking errors.

Reliance Index Fund - Sensex Plan will have Growth Plan as well as Dividend Plan. Moreover, the Growth Plan has two options- Growth Option and Bonus Option. Simultaneously the Dividend Plan will have two options of Dividend Payout Option and Dividend Re-investment Option.

The scheme will invest 95-100% in equities and equity related securities covered by the Sensex. However, it will invest up to 5% in Cash/CBLO/Repo & Reverse Repo & Money Market instruments (CPs, CDs, T-Bills, and Mibor linked instruments with daily Put/Call options & overnight Interest rate Reset Linked Instruments), but excluding Subscription and Redemption cash flow.

However, the portion of the Scheme's portfolio invested in each type of security listed above may vary in accordance with economic conditions as well as interest rates, liquidity, and other relevant considerations, including the risks associated with each investment. The Scheme will not invest in securitised papers and in foreign securities.

Taurus MF Has Announced That Taurus Ethical Fund Reopens - April 09, 2009

Taurus Mutual Fund has announced that Taurus Ethical Fund re-opens for continuous sale and re-purchase with effect from 13 April 2009 at NAV based price plus applicable load. Taurus Ethical Fund is India's first actively managed equity oriented Shariah compliant fund. Taurus Ethical Fund is an open-ended equity oriented scheme.

The new issue was opened for subscription from 19 February 2009 till 20 March 2009. The investment objective of the scheme is to provide capital appreciation and income distribution to unit holders through investment in a diversified portfolio of equities, which are based on the principles of Shariah.

The scheme may also invest in a certain portion of the corpus in money market instruments to meet liquidity requirements from time to time. Taurus Ethical Fund will have growth and dividend option. Under dividend option investors will get dividend payout and reinvestment facility.

The fund will charge an entry load of 2.25%. Exit load will be 1% for redemptions done up to 6 months from the date of allotment, 0.5% for redemptions after 6 months and up to one year and nil for all redemptions after one year for all one time investments.

The scheme will invest up to 80% in equity & equity related instruments with high-risk profile and up to 20% in money market instruments with low risk profile. Investment in foreign securities will not exceed 20% of the corpus.

The performance of the scheme will be measured against S&P CNX 500 Shariah.

DSP BR India Fund The Category Average Over All Time Periods - April 09, 2009

Background: DSP BlackRock Investment Managers Ltd. (the mutual fund) is a joint venture between DSP and Black Rock. Black Rock is a premier provider of global investment management services to institutional and retail clients around the world managing assets in excess of US$ 1.2. Erstwhile it was known as DSP Merrill lynch. The fund house manages assets worth Rs 14412.73 crore at end of March 2009.

DSP BR India T.I.G.E.R. Fund (G) an open-ended equity scheme launched in April 2004. The objective of the scheme is to generate capital appreciation from a portfolio that is substantially constituted of equity securities of corporates, which could benefit from structural changes brought about by continuing liberalization in economic policies by the government or from continuing investments infrastructure by both public and private sector.

The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 27.44 as on 8 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 145.39 crore to Rs 2322.46 crore in March 2009.

DSP BR India T.I.G.E.R. Fund (G) took fresh exposure to only one stock in February 2009. It purchased 14875 units (0.02%) of Alstom Projects India in February 2009.

The scheme exited completely Hindalco Industries from by selling 26.01 lakh units (0.56%), Tata Teleservices (Maharashtra) by selling 14.96 lakh units (0.15%) in February 2009.

Sector-wise, the scheme took no fresh exposure to any sector in February 2009.

Sector-Wise, the scheme exited completely from Aluminium and Aluminium Products at 0.56% in February 2009.

The scheme had highest exposure to Reliance Industries with 7.73 lakh units (4.50% of Portfolio) followed State Bank of India by with 7.66 lakh units (3.62%), Larsen & Toubro with 11.82 lakh units (3.32%) and Oil & Natural Gas Corporation with 8.78 lakh units (2.79%) among others in February 2009.

It reduced its exposure to State Bank of India by selling 42502 units to 7.66 lakh units (by 0.49%), Axis Bank by selling 2.15 lakh units to 2.35 lakh units (by 0.48%), Housing Development Finance Corporation by selling 40881 units to 1.69 lakh units (by 0.44%) and ICICI Bank by selling 1.37 lakh units to 5.44 lakh units (by 0.43%) among others in February 2009.

Sector-wise, the scheme had highest exposure to Refineries at 9.77% (from 9.69% in January 2009), followed by Oil Drilling/Allied Services at 4.50% (4.16%), Power Generation And Supply at 4.40% (4.24%) and Telecommunications-Service Provider at 4.25% (4.17%) among others in February 2009.

Sector wise, the scheme had reduced exposure to Banks-Public Sector to 4.13% (by 0.56%), Finance-Housing to 0.99% (by 0.44%), Diversified-Mega to 0.63% (by 0.43%) and Construction to 3.53% (by 0.38%) among others in February 2009.

Performance: The scheme outperformed the category average over all time periods. It underperformed the Sensex over most of the time periods except over 6 months period.

Over three-month period ended as on 8 April 2009, the scheme posted returns of 9.95% outperforming the category average, which declined by 2.43%. It underperformed the Sensex, which posted returns of 12.05% during the same period.

Since inception, the scheme posted returns of 174.43% outperforming the category average of 78.61%.

SBI MF Introduces Microsip In Various Schemes - April 08, 2009

SBI Mutual Fund has approved introduction of a Micro Systematic Investment Plan (MicroSIP) facility under the current Systematic Investment Plan facility available under growth options of following schemes: Magnum Balanced Fund, Magnum Multiplier Plus Scheme 93, Magnum Sector Funds-Umbrella-Contra Fund, SBI Blue Chip Fund. The proposed changes are to be effective from 15 April 2009.

Detail of MicroSIP:

The minimum application amount will be Rs 100 and in multiples of Rs 50 thereof. The minimum redemption amount will be Rs 500. Minimum tenure of SIP will be 5 years.

Entry load: For MicroSIP, no entry load will be charge for direct applications while it will charge entry load at 2.25% of the applicable NAV for applications other than direct applications.

Exit Load: For exit before 2 years from the date of investment of each installment, 3% of the applicable NAV will be the exit load. For exit after 2 years but before 5 years from the date of investment of each installment, the scheme will charge exit load at 2% of applicable NAV. However, the schemes would not levy exit load for exit after 5 years from the date of investment of each installments.

MicroSIP facility would be offered to investors having Auto debit facility/direct debit facility with certain banks where SBI Funds Management have specific arrangements. All other terms and conditions as applicable to SIP facility will also apply to MicroSIP facility.

HDFC Mutual Fund Under Performs The Over All Time - April 08, 2009

Background: Housing Development Finance Corporation Limited (HDFC) and Standard Life Investment Ltd sponsor HDFC Assets Management Company 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 57956.45 crore in March 2009.

HDFC Premier Multi-Cap Fund (G) an open-ended scheme launched in February 2005. The objective of the scheme is to seek to generate capital appreciation in the long term through equity investments by investing in a diversified portfolio of Mid Cap and Large Cap 'Blue Chip' companies. The minimum investment amount is Rs 5000 and in multiples of Rs 100 thereafter. The unit NAV of the scheme was 12.57 as on 6 April 2009.

Portfolio: The total net assets of the scheme increased by Rs 14.60 crore to Rs 288.21 crore in March 2009.

HDFC Premier Multi-Cap Fund (G) took fresh exposure to one new stock in February 2009. The scheme has purchased 3.00 lakh units (2.01%) of ITC.

The scheme exited completely from Rural Electrification Corporation by selling 6.00 lakh units (1.67%) in February 2009.

Sector-wise, the scheme took fresh exposure to Cigarettes at 2.01% in February 2009.

Sector-wise, the scheme exited completely from Finance - Term-Lending Institutions at 1.67% in February 2009.

The scheme had highest exposure to State Bank of India with 1.80 lakh units (6.75% of portfolio) followed by ICICI Bank with 5.00 lakh units (5.99%) and Cropmton Greaves with 11.88 lakh units (5.39%) and United Phosphorus with 14.50 lakh units (4.69%) among others in February 2009.

It reduced its exposure to Hindustan Petroleum Corporation by selling 1.77 lakh units to 4.00 lakh units (by 1.64%), ICICI Bank to 5.00 lakh units (by 1.24%), K E C International to 4.83 lakh units (by 0.46%) and State Bank of India to 1.80 lakh units (0.45%) among others in February 2009.

Sector-wise, the scheme had highest exposure to Banks - Private Sector at 10.24% (from 11.71% in January 2009), Banks - Public Sector at 9.57% (10.26%), Refineries at 8.71% (10.22%) and Entertainment / Electronic Media Software at 8.51% (8.35%) among others in February 2009.

Sector wise, the scheme had reduced exposure to Refineries to 8.71% (by 1.51%), Banks - Private Sector to 10.24% (by 1.47%), Banks - Public Sector to 9.57% (by 0.69%) and Transmission Line Towers / Equipment to 2.24% (0.46%) among others in February 2009.

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 6 April 2009, the scheme posted negative returns of 6.45% underperforming the category average the fell 2.41%. It underperformed the Sensex that rose 1.92% during the same period.

Since inception, the scheme posted returns of 28.35% underperforming the category average of 79.57%.

Sundaram BNP Paribus MF Select Debt Dynamic Asset Plan - April 08, 2009

Sundaram BNP Paribus Mutual Fund has wound up Sundaram BNP Paribus Select Debt –Dynamic Asset Plan with effect from 7 April 2009. The scheme has been ceased because it was not able to fulfill the provision of the minimum 20 investors in schemes, as stated in Regulation 39 (2)(c) of Securities and Exchange Board of India Regulations, 1996.

A Sebi circular dated 12 December 2003, stated that each scheme and individual plan(s) under the schemes should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such scheme/plan(s). In the case of non-fulfillment with above conditions, accordingly schemes/plans shall be wound up by following the guidelines laid down by Sebi.

Accordingly, there would be no further activity and no further units would be created in the Plan.

Sundaram BNP Paribus Select Debt –Dynamic Asset Plan was launched in August 2002 with an investment objective to seek to earn regular income by investing primarily in fixed income securities, which may be paid as dividend or reinvested at the option of the investor.

ICICI Pru Infrastructure Fund The Outperforms - April 07, 2009

Background: ICICI Asset Management Company Ltd manages ICICI prudential Mutual Fund. A joint venture between Prudence Plc, UK's leading insurance company and ICICI Bank Ltd. India's premier financial institution. ICICI Prudential Mutual Fund house has Rs 51432.50 crore assets under management at the end of March 2009.

ICICI Pru Infrastructure Fund (G) an open-ended equity scheme launched in July 2005. The objective of the scheme is to seek to generate capital appreciation and income distribution to unit holders by investing predominantly in equity/ equity related securities of the companies belonging to the infrastructure industries and balance in debt securities and money market instruments including call money.

However, there can be no assurance that the investment objective of the plan will be realized. The minimum investment amount is Rs 5000 and in multiples of Rs 1 thereafter. The unit NAV of the scheme was Rs 18.50 as on 06 April 2009.

Portfolio: The total net assets of the scheme decreased by Rs 88.62 crore to Rs 2503.41 crore in February 2009.

ICICI Pru Infrastructure Fund (G) took fresh exposure to two new stocks in February 2009. The scheme has purchased 9.50 lakh units (1.22%) of Hindustan Zinc, 12.81 lakh units (0.45%) of Sintex Industries.

The scheme completely exited from Bharat Heavy Electricals by selling 2.53 lakh units (1.29%) and Grasim Industries by selling 1.99 lakh units (0.92%) in February 2009.

Sector-wise, the scheme took fresh exposure to Diversified – Large at 0.45% in February 2009.

Sector-Wise, the scheme did not exit completely from any sector in February 2009.

The scheme had highest exposure to Bharti Airtel with 36.10 lakh units (9.18% of portfolio) followed by Reliance Industries with 13.16 lakh units (6.65%) and State Bank of India with 11.97 lakh units (4.91%) among others in February 2009.

It reduced its exposure to State Bank of India by selling 5.50 lakh units to 11.97 lakh units (by 2.86%), Sterlite Industries (India) by selling 13.23 lakh units to 23.67 lakh units (by 1.61%) and ICICI Bank by selling 5758 units to 36.93 lakh units (by 1.10%) among others in February 2009.

Sector-wise, the scheme had highest exposure to Banks - Private Sector at 10.74% (from 10.44% in January 2009), followed by Telecommunications - Service Provider Sector at 9.18% (9.05%), Banks –Public at 7.65% (10.76%) and Refineries at 6.65% (6.39%) among others in February 2009.

Sector wise, the scheme had reduced exposure to Banks - Public Sector to 7.65% (by 3.11%), Electric Equipment to 0.26% (by 1.29%), Diversified–Mega to 0.73% (by 0.93%) and Steel-Sponge Iron to 2.50% (by 0.69%) among others in February 2009.

Performance: The scheme outperformed the category average over most of the time periods except since inception. It has outperformed the Sensex over all time periods.

Over three-month period ended as on 06 April 2009, the scheme posted returns of 0.33% outperforming the category average, which fell 2.41%. It outperformed the Sensex that posted negative returns of 49.38% during the same period.

Since inception, the scheme posted returns of 77.03% underperforming the category average of 79.57%.

Religare MF Declares Dividend For Quarterly Interval Fund - April 07, 2009

Religare Mutual Fund has approved to declare dividend under dividend option of Religare Quarterly Interval Fund-Plan I, debt oriented interval scheme. The record date of dividend distribution is 12 April 2009. The quantum of dividend will be 100% of distributable surplus as on the record date on face value of Rs 10.00 per unit.

The NAV of the regular and institutional dividend plan recorded at Rs 10.1167 per unit and Rs 10.1216 per unit, respectively as on 2 April 2009. The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments.

UTI MF Declares Dividend For Fixed Income Monthly Interval Plan - April 07, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund - Monthly Interval Plan II. The record date for the declaration of dividend is 13 April 2009. 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 retail plan was at Rs 10.0350 per unit as on 2 April 2009. The sepcified transaction period will be 13 April 2009. The scheme do not ask entry load and exit load if redeemed during specified transaction period. While 0.50% of applicable NAV will be charged as exit load if redeemed at any time other than specified transaction period.

Specified transaction period shall be generally open for 1 day for subscription/ redemption/ switch out/switch -in without any load, every month after expiry of 1 month from the date of allotment.

UTI Fixed Income Interval Fund - Monthly Interval Plan II is a debt oriented interval scheme with the investment objective to generate regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.

Reliance Mutual Fund Has Declared Dividend - April 06, 2009

Reliance Mutual Fund has declared dividend under the following schemes. The record date for the same is April 9, 2009. The fund house has decided to distribute 100% of distributable surplus as dividend on the record date. The schemes are:

Reliance Fixed Horizon Fund-IV-Series 5-Retail Plan: recorded NAV of 9.9776 per unit as on 2 April 2009 Reliance Fixed Horizon Fund-IV-Series 5-Institutional Plan: recorded NAV of 11.3601 per unit as on April 2, 2009.

Reliance Fixed Horizon Fund-IV is a close ended income scheme with an objective to seek to generate regular returns as well as growth of capital by investing in a diversified portfolio of central and state government securities and other fixed income/debt securities normally maturing in line with the time profile of the scheme.

Principal Growth Fund Underperforms The Sensex - April 06, 2009

Background: Principal PNB Asset Management Company (In Association with Vijaya Bank) Pvt. Ltd. is a joint venture between the Principal Financial Group - a Fortune 500 company, Punjab National Bank and Vijaya Bank. It has started the operation in India on September 2000. The fund house manages assets worth Rs 6756.87 crore at end of March 2009.

Principal Growth Fund (G) an open-ended equity scheme launched in October 2000. The primary investment objective of the Fund is to achieve long-term capital appreciation.

The minimum investment amount is Rs.5000 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs 29.64 as on 2 April 2009.

Portfolio: The total net assets of the scheme decreased by Rs 3.80 crore to Rs 128.82 crore in February 2009.

Principal Growth Fund (G) took fresh exposure to two stocks in February 2009. The scheme has purchased 2.12 lakh units (2.75%) of Cairn India, 60,898 units (2.19%) of Colgate-Palmolive (India).

The scheme completely exits from Pantaloon Retail (India) by selling 13,939 units (0.17%) in February 2009.

Sector-wise, the scheme took no fresh exposure to any sectors in February 2009.

Sector-wise, the scheme exits completely from Textiles - Products at 0.17% in February 2009.

The scheme had highest exposure to Reliance Industries with 70,974 units (6.97% of portfolio size) followed by Bharti Airtel with 1.30 lakh units (6.45%), State Bank of India with 61,455 units (4.90%) and Infosys Technologies with 44,044 units (4.21%) among others in February 2009.

It reduced its exposure to Tata Power Company by selling 26,134 units to 18,974 units (by 1.52%), Oil & Natural Gas Corporation by selling 26,847 units to 27957 units (1.22%), Infosys Technologies by selling 11,013 units to 44,044 units (1.21%) and Axis Bank by selling 23,096 units to 8144 units (0.80%) among others in February 2009.

Sector-wise, the scheme had highest exposure to Computers - Software – Large at 9.68% (from 10.02% in January 2009), followed by Banks - Public Sector at 9.47% (10.50%), Power Generation and Supply at 7.24% (8.77%) and Refineries at 6.97% (6.88%) among others in February 2009.

Sector wise, the scheme had reduced exposure to Power Generation and Supply to 7.24% (by 1.53%), Banks - Public Sector to 9.47% (by 1.03%), Banks - Private Sector to 5.20% (by 1.02%) and Computers - Software - Medium / Small to 0.31% (by 0.35%) among others in February 2009.

Performance: The scheme underperformed the category average over 6 months and one year period, while outperformed over three month and since inception. It has underperformed the Sensex over most of the time periods except 3 month period.

Over three-month period ended as on 02 April 2009, the scheme posted returns of 3.60% outperforming the category average that fell 1.90%. It also outperformed the Sensex that posted returns of 0.71% during the same period.

Since inception, the scheme posted returns of 196.40% outperforming the category average of 77.07%.

Deutsche MF Ceases Quarterly Interval Fund - Series 1 - April 06, 2009

Deutsche mutual fund has wound up DWS Quarterly Interval Fund - Series 1, a debt oriented interval fund with effect from 26 March 2009. The scheme has been ceased because it was not able to fulfill the provision of the minimum 20 investors in schemes, as stated in Regulation 39 (2)(c) of Securities and Exchange Board of India Regulations, 1996.

Sebi circular dated 12 December 2003, stated that each scheme and individual plan(s) under the schemes should have a minimum of 20 investors and no single investor should account for more than 25% of the corpus of such scheme/plan(s). In the case of non-fulfillment with above conditions, accordingly schemes /plans shall be wound up by following the guidelines laid down by Sebi.

The fund house ceased to carry any business activities in respect of the scheme. It has also ceased to issue units in the plan and has also ceased to create or cancel units in the plan.

DWS Quarterly Interval Fund - Series 1 was launched in June 2007 to generate income by investing into debt and money market securities.

Birla Sun Life MF Declares Dividend In FTP - April 03, 2009

Birla Sun Life Mutual Fund has declared dividend under the dividend option of Birla Sun Life Fixed Term Plan- Series AD. The fund house has decided to distribute 100% distributable surplus on face value of Rs 10 per unit as dividend on the record date of 07 April 2009. The scheme recorded NAV of Rs 11.2336 per unit under institutional plan and Rs 11.2031 per unit under retail plan as on 31 March 2009.

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

HDFC MF Declares Dividend In FMP - April 03, 2009

HDFC Mutual Fund has announced dividend under retail plan with normal and quarterly dividend options and wholesale plan with normal dividend option in HDFC Fixed Maturity Plan 18M September 2007, a fixed maturity plan under HDFC Fixed Maturity Plans-Series VI, a close-ended income scheme.

The fund house has decided to distribute 100% of distributable surplus as on the record date of 8 April 2009 on the face value of Rs 10 per unit as dividend.

NAV of the Retail Plan–Normal dividend option was at Rs 11.3422 per unit. And retail and wholesale plan under quarterly dividend option was at Rs 10.5371 per unit and Rs 10.5659 per unit, respectively as on 1 April 2009.

The investment objective of the scheme is to generate regular income through investments in debt/money market instruments and government securities.

Religare MF Files Offer Document With Sebi - April 03, 2009

Religare MF is planning to launch Religare Credit Opportunities Fund and it is an open-ended income scheme. The investment objective of the scheme is to generate high level of current income consistent with preservation of capital and maintenance of liquidity by investing primarily in investment-grade debt securities and money market instruments.

The scheme offers two plans viz. regular and institutional with growth and dividend option. The dividend option will offer daily, weekly dividend with only dividend reinvestment facility and monthly dividend option with payout and reinvestment facility. The fund will invest upto 65%-100% in debt securities and money market instruments with average maturity of less than 1 year. And it will invest upto 35% in debt securities with average maturity more than 1 year.

The scheme will invest only in debt instruments which are issued by a corporate whose debt programme is rated as investment grade by a credit rating agency. Investment in securitized debt including pass through certificate (PTC) shall not exceed 70% of the net assets of the Scheme. The Scheme will not invest in foreign securitized debt. The Scheme may use derivatives for purposes as may be permitted from time to time. The maximum derivative position will be restricted to 50% of the net assets of the Scheme.

UTI MF Declares Dividend Under Fixed Income Quarterly Interval Plan - April 02, 2009

UTI Mutual Fund has announced dividend under dividend option of UTI Fixed Income Interval Fund -Series II- Quarterly Interval Plan VII. The record date for the declaration of dividend is 8 April 2009. 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 retail plan was at Rs 10.2587 per unit and for institutional plan was at Rs 10.2642 per unit as on 31 March 2009.

The sepcified transaction period will be 8 April 2009. The scheme does not ask entry load. It charges no exit load if redeemed during specified transaction period. While 1.00% of applicable NAV will be charged as exit load if redeemed at any time other than specified transaction period. Specified transaction period shall be generally open for 1 day for subscription/ redemption/ switch out/switch -in without any load, every quarter after expiry of 1 quarter from the date of allotment.

UTI Fixed Income Interval Fund -Series II- Quarterly Interval Plan VII is a debt oriented interval scheme with the investment objective to generate regular income by investment in a portfolio of fixed income securities normally maturing in line with the time profile of the plan.

Edelweiss MF Announces Changes In Key Personnel - April 02, 2009

Edelweiss Mutual Fund has announced the change in the key personnel. Pankaj Jain has been designated as the fund manager of the following schemes, Edelweiss Liquid Fund, Edelweiss Short-Term Bond Fund, Edelweiss Monthly Interval Fund – Series 1 and Edelweiss Quarterly Interval Fund – Series 1, with effect from 31 March 2009 in place of Bhupesh Kalyani.

Pankaj Jain, aged 29, is MBA from IIM Bangalore and also holds a degree in Mechanical Engineering from VNIT Nagpur. He has work experience of around 5 years. Prior to joining Edelweiss Asset Management, he has worked with Edelweiss Securities Limited for two years and was responsible for setting up the debt and forex desk for the asset management division. Prior to joining Edelweiss Securities, he has worked with SBI in treasury trading for currency markets and was also instrumental in setting up a forex research desk for the clients. Jain has also been associated with Thermax India LTD., as a Site Engineer.