Shinsei Mutual Fund On PSU Bond Fund Declare - June 30, 2009

Shinsei Mutual Fund has launched Shinsei PSU Bond Fund. It is an open ended income scheme. The face value of the new issue will be Rs 10 per unit. The new issue will be opened for subscription from 30 June to 6 July 2009. The NFO price for the fund is Rs 10 per unit. The fund will re-open on 14 July 2009.

The investment objective of the scheme is to generate reasonable returns commensurate with low risk, high liquidity, from a portfolio constituted of money market instruments and short term debt instruments with residual maturity of up to 91 days.

The Scheme offers Ultra Short Term Plan. Under this Plan, the Scheme seeks to keep the average residual maturity of the portfolio of the Plan at less than one year.

The Fund offers two plans under Ultra Short Tern Plan viz. Retail and Institutional Plan. Each plan will have growth and dividend options.

Under retail plan dividend suboption (Quarterly-25th of every calendar quarter end)the scheme will offer pay-out facility and reinvestment facility.

Under institutional option dividend sub option has daily dividend reinvestment facility and monthly (25th of every calendar month) dividend option with dividend payout facility and dividend reinvestment facility.

The minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter.

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

The scheme will invest 80-100% in debt securities including securitised debt issued by public sector undertakings and nationalized banks, and government securities.

It will invest up to 20% in debt securities including securitised debt issued by undertakings other than public sector undertakings.

The scheme will not charge any entry load in the retail plan. But will charge an exit load of 0.50%, if redeemed within three months from the date of allotment of units under the retail plan.

For institutional option, the scheme will not charge any entry nor exit load. The schemes performance will be benchmarked against Crisil Liquid Fund Index. Killol Pandya will be the fund manager for the scheme.

Shinsei Mutual Fund On Liquid Fund Floats - June 30, 2009

Shinsei Mutual Fund has launched Shinsei Liquid Fund. It is an open ended liquid scheme. The face value of the new issue will be Rs 10 per unit. The new issue will be opened for subscription from 30 June to 6 July 2009. The NFO price for the fund is Rs 10 per unit. The fund will re-open on 14 July 2009.

The investment objective of the scheme is to generate reasonable returns commensurate with low risk, high liquidity, from a portfolio constituted of money market instruments and short term debt instruments with residual maturity of up to 91 days.

The Fund offers two plans viz. Retail and Institutional Plan. Each plan will have growth and dividend options.

Dividend option will offer reinvestment facility having frequencies of daily and weekly -every Monday.

The minimum investment amount under retail option Rs 10000 and in multiples of Re 1 thereafter and under institutional plan will be Rs 1 crore and in multiples of Re 1 thereafter.

The scheme seeks to collect a minimum corpus of Rs 1 crore during NFO period. The scheme will invest 80-100% in money market instruments with maturity of up to 91 days with low to medium risk profile.

It will invest up to 20% in debt securities with maturity of up to 91 days with low to medium risk profile.

The scheme will not charge any entry or exit load. The schemes performance will be benchmarked against Crisil Liquid Fund Index. Killol Pandya will be the fund manager for the scheme.

Sundaram BNP Paribas Select Focus Underperforms - June 30, 2009

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

The fund house manages assets worth Rs 12413.43 crore in May 2009. Sundaram BNP Paribas Select Focus (G) an open-ended equity scheme launched in June 2002.

The objective of the scheme is to achieve capital appreciation by investing in very few select stocks.

The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 69.87 per unit as on 29 June 2009.

Portfolio: The total net assets of the scheme increased by Rs 301.72 crore to Rs 1212.18 crore in May 2009.

Sundaram BNP Paribas Select Focus (G) took fresh exposure to six stocks in May 2009. It has purchased 26.96 lakh units (4.79%) of NTPC, 8.23 lakh units (2.51%) of Lanco Infratech, 8.78 lakh units (2.44%) of Tata Motors and 28.34 lakh units (1.98%) of Hindalco Industries among others.

The scheme exited completely from Bharat Petroleum Corporation by selling 4.69 lakh units (1.99%), Ambuja Cements by selling 19.58 lakh units (1.74%), India Cements by selling 13.01 lakh units (1.64%) and Pantaloon Retail (India) by selling 6.33 lakh units (1.31%) among others in May 2009.

Sector-wise, the scheme took fresh exposure to Engineering at 2.51%, Automobiles-LCVs/HCVs at 2.44%, Aluminium and Aluminium Products at 1.98% and Finance & Investments at 1.76% in May 2009.

Sector-wise, the scheme exited completely from Cement-North India at 1.74%, Cement-South India at 1.64% and Textiles-Products at 1.32% among others in May 2009.

The scheme had highest exposure to Reliance Industries with 5.17 lakh units (9.72% of portfolio size) followed by ICICI Bank with 11.97 lakh units (7.32%), Oil & Natural Gas Corporation with 5.34 lakh units (5.19%) and Jaiprakash Associates with 27.52 lakh units (4.71%) among others in May 2009.

It reduced its exposure to Bharti Airtel by selling 1.69 lakh units to 4.48 lakh units (by 2.05%), ITC by selling 66992 units to 18.46 lakh units (by 1.17%), Punjab National Bank by selling 2.28 lakh units to 4.52 lakh units (by 1.07%) and Tata Consultancy Services by selling 18295 units to 6.13 lakh units (by 0.78%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Power Generation and Supply at 15.90% (from 10.35% in April 2009), followed by Construction at 9.94% (5.97%), Refineries at 9.73% (11.61%) and Banks-Private Sector at 8.79% (6.49%) among others in May 2009.

Sector-wise, the scheme had reduced exposure to Telecommunications-Service Provider to 5.58% (by 2.58%), Refineries to 9.73% (by 1.89%), Banks-Public Sector to 6.84% (by 1.48%) and Entertainment/Electronic Media Software to 1.79% (by 1.44%) among others in May 2009.

Performance: The performance of scheme is benchmarked against S&P CNX Nifty. The scheme has underperformed the benchmark index over most of the time periods.

The scheme has posted negative returns of 2.79% underperforming the S&P CNX Nifty that declined 1.30% over 1 month period ended 29 June 2009.

Over 3 months period, the scheme advanced by 41.5% outperforming the S&P CNX Nifty that gained 41.25%. It fell 0.03% outperforming the benchmark index that was up by 6.15% over 1 year period.

DSP Blackrock MF Enhanced Equity Fund Seeks Sebi Approval - June 29, 2009

DSP BlackRock Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch DSP BlackRock Enhanced Equity Fund, an open-ended equity diversified scheme. The face value of the new issue will be Rs 10 per unit.

Features of the scheme: Investment objective: The primary investment objective of the Scheme is to seek capital appreciation by investing predominantly in equity and equity related securities of companies listed in stock exchanges in India.

The Investment Manager will endeavour to have a long exposure in equity and equity related securities (including equity derivatives) up to a maximum of 130% of the net asset value and short exposure through equity and equity related securities (including equity derivatives) up to a maximum of 30% such that the net equity exposure does not exceed 100% of the net asset value 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 minimum investment amount 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 65-130% in long exposure in equity and equity related securities of companies listed in Indian Stock Exchanges (including equity derivatives) with high risk profile.

It will have investment exposure of 0-30% in short exposure in equity and equity related securities of companies listed in Indian Stock Exchanges (including equity derivatives) with high risk profile.

The scheme will invest up to 35% in debt and money market securities with low to medium risk profile.

The net equity exposure i.e. long exposure less short exposure to equity and equity related securities cannot exceed 100% of the net asset value of the Scheme.

Load structure: Regular Plan: Entry load: For investments less than Rs. 5 crore the scheme will levy an entry load of 2.25% 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: For investment amount less than Rs 5 crore, 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: Benchmark for comparing the performance of the Scheme is BSE 100.

Fund Manager: Apoorva Shah will be fund manager for the scheme.

HDFC Mutual Fund Revises Way Out Consignment - June 29, 2009

HDFC Mutual Fund has decided to revise exit load (non SIP/STP) in HDFC Arbitrage Fund-Whole Sale Plan. The details are: Exit load- Revised Provision: In respect of each purchase/switch-in of units, an exit load of 1% is payable if units are redeemed/switched-out within 12 months from the allotment date.

However, no exit load is payable if the units are redeemed/switched-out after 12 months from the date of allotment.

Existing Provision: In respect of each purchase/switch-in of units, 0.50% as exit load is payable if units are redeemed/switched-out within 3 months from the date of allotment.

However, no exit load is payable if units are redeemed/switched-out after 3 months from the allotment date.

The aforesaid change will be applicable on a prospective basis from July 1, 2009 in respect of investments made in HDFC Arbitrage Fund-Whole Sale Plan.

Kotak MF Announces Suspension Of Subscription Of Units - June 29, 2009

Kotak Mutual Fund has announced the suspension of subscription of the units of Kotak Equity Arbitrage Fund, with effective from July 1, 2009. Given the scheme's large size as well as prevailing market conditions, in the interest of the scheme and the existing unitholders, the subscription of units in the scheme will remain suspended.

However, the scheme will continue to issue to the investor already registered under the dividend reinvestment option and will continue to accept subscriptions from investor already registered under Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP).

Moreover, no fresh registrations shall be accepted via SIP/STP. During this suspension period, the redemptions (including switch-out) would continue to allow as per the terms of the scheme information document. Meanwhile, all the other terms and conditions will remain unchanged.

SBI Mutual Fund Declares Dividend For Various Debt Funds - June 27, 2009

SBI Mutual Fund has declared dividend under the dividend option of SBI Debt Fund Series-13 Months- 8 as well as SBI Debt Fund Series-13 Months- 9, SBI Debt Fund Series-13 Months- 10, SBI Debt Fund Series-18 Months- 3, SBI Debt Fund Series-370 Days- 1 and SBI Debt Fund Series-370 Days- 1.

The dividend will be declared for both retail as well as institutional plans. The record date for the dividend distribution is set as June 29, 2009.

The fund house has decided to distribute the following amount of dividend on the record date on face value of Rs 10 per unit:

SBI Debt Fund Series-13 Months- 8. The dividend for Individual & HUF Investors and other investors under both retail as well as institutional plan will be 2.752% (i.e. Rs 0.2752 per unit).

The NAV of the scheme under retail plan was at Rs 10.5453 per unit while under the institutional plan it was at Rs 10.6055 per unit as on June 22, 2009

Moreover, SBI Debt Fund Series-13 Months- 9. The dividend for Individual & HUF Investors under both retail and institutional plan will be 0.985% (i.e. Rs 0.0985 per unit).

The NAV of the scheme under retail plan was at Rs 10.1383 per unit while under institutional plan was at Rs 10.1819 per unit as on June 22, 2009.

Edelweiss Mutual Fund Announces Change In Benchmark - June 27, 2009

Edelweiss Mutual Fund has announced the change in the benchmark of Edelweiss Diversified Growth Equity Fund (E.D.G.E), with effect from 1 July 2009. The benchmark of the fund will be changed to S&P CNX Nifty comprising of 50 scrips from BSE 500. The change is being effected to bring in line the benchmark index with the investment strategy of the scheme and the new benchmark reflects the investment strategy better than previous benchmark.

The scheme will invest in companies that are large/broad market capitalisation based. Since the fund will not restrict itself from investing in any particular size/type of company, it is best to have a broad based index for such a fund. Hence, S&P CNX Nifty is appropriate benchmark for the fund.

HDFC Mutual Fund Revises Way Out Shipment - June 27, 2009

HDFC Mutual Fund has decided to revise exit load (non SIP/STP) in HDFC Arbitrage Fund-Whole Sale Plan. The details are: Exit load: Revised Provision: In respect of each purchase/switch-in of units, an exit load of 1% is payable if units are redeemed/switched-out within 12 months from the date of allotment.

No exit load is payable if units are redeemed/switched-out after 12 months from the date of allotment.

Existing Provision: In respect of each purchase/switch-in of units, an exit load of 0.50% is payable if units are redeemed/switched-out within 3 months from the date of allotment.

No exit load is payable if units are redeemed/switched-out after 3 months from the date of allotment.

The aforesaid change will be applicable on a prospective basis from 1 July 2009 in respect of investments made in HDFC Arbitrage Fund-Whole Sale Plan.

HDFC Arbitrage Fund is an open ended equity fund, the objective of the scheme is to generate income through arbitrage opportunities between cash and derivatives market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.

Quantum MF Equity Fund Of Funds Floats Scheduled - June 26, 2009

Quantum Mutual Fund has launched initial offer period of Quantum Equity Fund of Funds, an open-ended equity fund of funds scheme. The fund will remain open for fresh subscription from 26 June to 13 July 2009. The fund will reopen for continuous subscription from 22 July 2009. The face value of the new issue will be Rs 10 per unit.

The investment objective of the scheme is to generate long-term capital appreciation by investing in a portfolio of open-ended diversified equity schemes of mutual funds registered with Sebi.

The scheme offers two plans-growth plan & dividend plan. The dividend plan will in turn have two options, dividend payout option and dividend re-investment option The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.

The scheme will not charge an entry load. The fund will charge 1.5% as redemption load if repurchase/redemption is made within 1 year from the date of allotment.

Quantum Equity Fund of Funds will invest 90-100% in open ended equity diversified schemes of mutual funds registered with Sebi with high-risk profile.

Investments in money market instruments will be up to 10% with low to medium risk profile. The scheme will only invest in third party mutual funds. The fund shall invest in a mix of diversified equity schemes, mid cap/small cap/large cap oriented schemes.

The scheme would be benchmarked to the BSE 200. The Quantum Equity Fund of Funds would be managed by Arvind Chari.

HDFC MF Equity Fund Outperforms The Index - June 26, 2009

Background: HDFC Assets Management Company is sponsored by Housing Development Finance Corporation Limited (HDFC) and Standard Life Investment Ltd. HDFC incorporated in 1977 as the first specialized housing finance institution in India. HDFC AMC was incorporated on 10 December 1999, and today manages assets worth Rs. 75406.10 crore at the end of May 2009.

HDFC Equity Fund (G) an open-ended equity-diversified scheme launched in December 1994.The scheme aims at providing capital appreciation through investments predominantly in equity-oriented securities.

The minimum investment amount for new investors is Rs.5000 and any amount thereafter while for existing investors it is Rs 1000 and any amount thereafter. The unit NAV of the scheme was Rs. 171.27 per unit as on 25 June 2009.

Portfolio: The total net assets of the scheme increased by Rs.872.50 crore to Rs. 3780.85 crore in May 2009.

HDFC Equity Fund (G) took fresh exposure to two new stocks in May 2009. The scheme has purchased 15.00 lakh units (3.26%) of Bharti Airtel and 8.50 lakh units (1.88%) of Lupin.

The scheme exited completely from Reliance Industries by selling 3.75 lakh shares (2.33%), Reliance Infrastructure by selling 5.00 lakh shares (1.20%) and Tata Steel by selling 5.00 lakh (0.41%) in May 2009.

Sector-wise, the scheme took fresh exposure in Telecommunications-Service Provider at 3.26% in May 2009.

Sector-wise, the scheme exited completely from Power Generation and Supply at 1.20% in May 2009.

The scheme had highest exposure to ICICI Bank with 25.50 lakh units (4.99% of portfolio size) followed by Bank of Baroda with 41.22 lakh units (4.78%), State Bank of India with 9.25 lakh units (4.57%) and Crompton Greaves with 55.53 lakh units (3.86%) among others in May 2009.

It reduced its exposure from State Bank of India by selling 4.25 lakh units to 9.25 lakh units (by 1.37%), Sun Pharmaceuticals Industries by selling 98877 units to 7.50 lakh units (1.32%), United Phosphorus by selling 36.00 lakh units to 45.50 lakh units (1.25%) and Hero Honda Motors by selling 2.20 lakh units to 5.50 lakh units (1.18%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Banks-Public Sector at 10.41% (from 12.02% in April 2009), followed by Banks-Private Sector at 8.93% (8.76%), Entertainment/Electronic Media Software at 8.27% (6.93%) and Computers-Software-Large at 6.89% (6.99%) among others in May 2009.

Sector-wise, the scheme had reduced exposure from Refineries to 1.62% (by 2.47%), Banks-Public Sector to 10.41% (by 1.61%), Pharmaceuticals-Indian-Bulk Drugs & Formulation to 6.86% (by 1.55%) and Food-Processing-MNC to 5.72% (by 1.29%) among others in May 2009.

Performance: The performance of scheme is benchmarked against S&P CNX 500 Index. The scheme has outperformed the benchmark index over all time periods.

The scheme has posted returns of 6.02% outperforming the S&P CNX 500 Index that gained 3.73% over 1 month period ended 25 June 2009.

Over 3 months period, the scheme advanced by 58.80% outperforming the benchmark index that gained 48.35%.

Return of the scheme rose 14.02% outperforming the benchmark index that inched up by 0.06% over 1 year period.

Birla Sun Life MF Revises Exit Load Of Dynamic Bond Fund - June 26, 2009

Birla Sun Life Mutual Fund has proposed to revise the exit load structure of Birla Sun Life Dynamic Bond Fund, an open-ended income scheme, with effect from 30 June 2009. According, for purchase/switch in of units less than Rs 5 crore in value, exit load will be 0.50% of applicable NAV if redeemed/switched out within 180 days from the allotment and 0.10% if redeemed/switched out between 181 days and 270 days from the allotment.

For purchase/switch in of units equal to or greater than Rs 5 crore in value, the fund will levy an exit load of 0.50% if redeemed/switched out within 30 days.

Earlier, for purchase/switch in of units less than Rs 5 lakh in value, exit load will be 0.50% of applicable NAV if redeemed/ switched out within 6 months.

For purchase/switch in of units equal to or greater than Rs 5 lakh but less than Rs 5 crore in value, the fund will levy exit load of 0.50% if redeemed/ switched out within 3 months.

For purchase of units equal to or greater than Rs 5 crore in value, 0.50% will be the exit load if redeemed/switched out within 1 month from the date of allotment. There is no change in entry load. As earlier the entry load of the scheme is nil.

IDFC MF Announces Dividend For Various Funds - June 25, 2009

IDFC Mutual Fund has declared the dividend under quarterly dividend option of IDFC All Seasons Bond Fund A-Regular Plan, IDFC Dynamic Bond Fund-Plan A-Regular Plan, IDFC Money Manager Fund-Investment Plan (A) and IDFC Super Saver Income Fund-Investment Plan (A)-Regular Plan and under dividend plan of IDFC Super Saver Income Fund-Investment Plan (B) and of IDFC Super Saver Income Fund-Investment Plan (C)

The fund house has decided distribute the following amount of dividend on the record date of 30 June 2009 on face value of Rs 10 per unit:

IDFC All Seasons Bond Fund A – Regular Plan

The scheme will offer dividend of Rs 0.30 per unit as on record date. The NAV of the scheme was recorded at Rs 11.2103 per unit as on 23 June 2009.

IDFC Dynamic Bond Fund – Plan A – Regular Plan

The scheme will offer dividend of Rs 0.51 per unit as on record date. The NAV of the scheme was recorded at Rs 11.0179 per unit as on 23 June 2009.

IDFC Money Manager Fund – Investment Plan (A)

The scheme will offer dividend of Rs 0.14 per unit as on record date. The NAV of the scheme was recorded at Rs 10.2861 per unit as on 23 June 2009.

IDFC Super Saver Income Fund – Investment Plan (A) - Regular Plan

The scheme will offer dividend of Rs 0.45 per unit as on record date. The NAV of the scheme was recorded at Rs 10.8483 per unit as on 23 June 2009.

IDFC Super Saver Income Fund – Investment Plan (B)

The scheme will offer dividend of Rs 0.15 per unit as on record date. The NAV of the scheme was recorded at Rs 10.3435 per unit as on 23 June 2009.

IDFC Super Saver Income Fund – Investment Plan (C)

The scheme will offer dividend of Rs 0.05 per unit as on record date. The NAV of the scheme was recorded at Rs 10.1107 per unit as on 23 June 2009.

HSBC MF Equity Fund Over All Under Perform The Time Periods - June 25, 2009

Background: HSBC Asset Management (India) Private Limited set up in May 2002 as a trust by HSBC Securities and Capital Markets (India) Private. Limited. The fund manages assets worth Rs 9813.45 crore as on May 2009. HSBC Equity Fund (G) an open-ended equity diversified scheme launched in November 2002.

The objective of the scheme is to seek to generate long term capital growth from an actively managed portfolio of equity and equity related securities.

The minimum investment amount is Rs 10000 and in multiples of Re 1 thereafter. The unit NAV of the scheme was Rs 80.33 as on 24 June2009.

Portfolio: The total net assets of the scheme increased by Rs 252.87 crore to Rs 1477.42 crore in May 2009.

HSBC Equity Fund (G) took fresh exposure to five new stocks in May 2009. The scheme has purchased 3.19 lakh units (1.40%) of Dr Reddys Laboratories, 6.74 lakh units (1.40%) of Pantaloon Retail (India) and 4.98 lakh units (1.36%) of DLF among others.

The scheme exited completely from Infrastructure Development Finance Company by selling 27.07 lakh units (1.69%) in May 2009.

Sector-wise, the scheme took fresh exposure in Textiles-Products at 1.40%, Diversified- Medium/Small at 1.20% and Sugar at 1.01% among others in May 2009.

Sector-wise, the scheme exited completely from Finance & Investments at 1.69% in May 2009.

The scheme had highest exposure to Reliance Industries with 4.93 lakh units (7.61% of portfolio size) followed by State Bank of India with 4.11 lakh units (5.21%), Bharat Heavy Electricals with 3.42 lakh units (5.04%) and HDFC Bank with 4.95 lakh units (4.84%) among others in May 2009.

It reduced its exposure from ITC by selling 2.66 lakh units to 32.40 lakh units (by 1.38%), Bharti Airtel by selling 1.34 lakh units to 7.16 lakh units (1.23%), Hindustan Unilever by selling 2.15 lakh units to 14.95 lakh units (0.94%) and Cipla by selling 1.02 lakh units to 8.34 lakh units (0.58%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Refineries at 11.11% (from 10.24% in April 2009), followed by Banks-Private Sector at 7.09% (5.97%), Telecommunications-Service Provider at 5.67% (6.49%) and Oil Drilling/Allied Services at 5.42% (4.62%) among others in May 2009.

Sector-wise, the scheme had reduced exposure from Personal Care-Multinational to 3.96% (by 1.43%), Cigarettes to 4.03% (by 1.38%), Telecommunications-Service Provider to 5.67% (by 0.82%) and Computers-Software-Large to 4.82% (by 0.63%) among others in May 2009.

Performance: The performance of scheme is benchmarked against BSE 200 Index. The scheme has underperformed the benchmark index over all time periods.

The scheme has posted returns of 3.92% underperforming the BSE 200 Index that gained 4.41% over 1 month period ended 24 June 2009.

Over 3 months period, the scheme advanced by 36.57% underperforming the benchmark index that gained 59.56%.

It fell 2.30% that underperformed the benchmark index that increased by 1.62% over 1 year period.

DBS Chola Mutual Fund Files An Offer Document With Sebi - June 25, 2009

Name of Fund: DBS Chola Fixed Maturity Plan-Series 12, Scheme: A close ended income scheme, Investment Objective: The Investment objective of the scheme would be to achieve growth of capital through investments made in a basket of fixed income securities maturing on or before the maturity of the scheme.

Investment Plans: There will be 4 plans of different maturities under this scheme.

Investment Options: The scheme will offer institutional and regular plan with growth and dividend option.

Asset Allocation: The scheme will invest its entire corpus in debt instruments with low-medium risk profile. And also invest upto 100% in money market instruments.

Debt instruments may include securitised debt up to 100% of the net assets & exposure in interest rate derivatives may be undertaken as permitted under SEBI guidelines.

NFO price: Rs 10 per unit, Load structure: The scheme will not charge any entry load. Since the plan will be listed on the stock exchange, no exit load will be charged.

Minimum Investment Amount: The minimum investment amount under the institutional plan is Rs 1 crore per application and in multiples of Re 1 thereafter. And the minimum investment amount under the retail plan is Rs 5000 and in multiples of Re 1 thereafter.

Minimum Target amount: The Fund seeks to collect a minimum targeted amount of Rs 1 crore during NFO.

Benchmark Index: For Plans upto 182 days of maturity – CRISIL Liquid Fund Index. And for Plans beyond 182 days of maturity-CRISIL Short Term Bond Fund Index

Fund Managers: Bekxy Kuriakose will manage the fund.

HDFC Mutual Fund Declares Dividend For FMP - June 24, 2009

HDFC Mutual Fund has announced 29 June 2009 as the record date for declaration of dividend under quarterly dividend normal and quarterly dividend option of retail and wholesale plan of HDFC FMP 370 D June 2008 (1) a fixed maturity plan under HDFC Fixed Maturity Plans-Series VIII.

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

The retail option of the scheme recorded NAV of Rs 10.9549 per unit under normal dividend option and Rs 10.7552 per unit under quarterly plan as on 22 June 2009.

The wholesale plan of the scheme recorded NAV of Rs 10.9897 per unit under normal dividend option and Rs 10.7720 per unit under quarterly plan as on 22 June 2009.

HDFC Fixed Maturity Plans is a close ended income scheme with an investment objective to generate regular income through investment in debt/money market instruments and government securities.

SBI Mutual Fund Declares Dividend For Various Debt Funds - June 24, 2009

SBI Mutual Fund has declared dividend under dividend option of SBI Debt Fund Series-13 Months-8, SBI Debt Fund Series-13 Months-9, SBI Debt Fund Series-13 Months-10, SBI Debt Fund Series-18 Months-3, SBI Debt Fund Series-370 Days-1 and SBI Debt Fund Series-370 Days-1. The dividend will be declared for both retail and institutional plans.

The fund house has decided to distribute the following amount of dividend on the record date of 29 June 2009 on face value of Rs 10 per unit:

SBI Debt Fund Series-13 Months-8: The dividend for Individual & HUF Investors and other investors under both retail and institutional plan will be 2.752% (i.e. Rs 0.2752 per unit)

The NAV of the scheme under retail plan was at Rs 10.5453 per unit and under institutional plan was at Rs 10.6055 per unit as on 22 June 2009

SBI Debt Fund Series-13 Months-9: The dividend for Individual & HUF Investors under both retail and institutional plan will be 0.985% (i.e. Rs 0.0985 per unit)

The NAV of the scheme under retail plan was at Rs 10.1383 per unit and under institutional plan was at Rs 10.1819 per unit as on 22 June 2009

SBI Debt Fund Series-13 Months-10: The dividend for Individual & HUF Investors and other investors under both retail and institutional plan will be 0.985% (i.e. Rs 0.0985 per unit)

The NAV of the scheme under retail plan was at Rs 10.1605 per unit and under institutional plan was at Rs 10.1679 per unit as on 22 June 2009

SBI Debt Fund Series-18 Months-3: The dividend for Individual & HUF Investors and other investors under retail plan will be 0.2302% (i.e. Rs 0.2302 per unit).

And the dividend for Individual & HUF Investors under institutional plan will be 2.302% (i.e. Rs 0.2302 per unit).

The NAV of the scheme under retail plan was at Rs 10.7882 per unit and under institutional plan was at Rs 10.7884 per unit as on 22 June 2009

SBI Debt Fund Series-370 Days-1: The dividend for Individual & HUF Investors and other investors under both retail and institutional plan will be 2.752% (i.e. Rs 0.2752 per unit)

The NAV of the scheme under retail plan was at Rs 10.5094 per unit and under institutional plan was at Rs 10.7246 per unit as on 22 June 2009

SBI Debt Fund Series-370 Days-2: The dividend for Individual & HUF Investors and other investors under both retail and institutional plan will be 2.752% (i.e. Rs 0.2752 per unit)

The NAV of the scheme under retail plan was at Rs 10.5584 per unit and under institutional plan was at Rs 10.6052 per unit as on 22 June 2009

SBI Debt Fund Series is a close-ended debt scheme with an objective to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, AAA/AA+ bonds and money market instruments.

Franklin India Mutual Fund Out Performed The Instant Period - June 24, 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 23617.96 crore at end of May 2009. Franklin India Bluechip Fund (G) is an open-ended growth scheme launched in October

1993, as a 3-year closed end fund, FIBCF was converted into an open end fund from January 1997. The fund invests mainly in large cap blue-chip shares.

The objective of the scheme is to provide medium to long term capital appreciation. The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs. 147.44 per unit as on 23 June 2009.

Portfolio: The total net assets of the scheme increased by Rs 384.11 crore to Rs 2138.60 crore in May 2009.

Franklin India Bluechip Fund (G) took fresh exposure to five new stocks in May 2009. The scheme has purchased 3.18 lakh units (1.40%) of Container Corporation of India, 9.84 lakh units (1.07%) of Cairn India and 2.00 lakh units (0.78%) of United Spirits among others.

The scheme exited completely from JSW Steel by selling 4.00 lakh units (0.77%), Hindalco Industries by selling 20.00 lakh units (0.61%) and Tata Chemicals by selling 6.09 lakh units (0.59%) among others in May 2009.

Sector -wise, the scheme took fresh exposure in Breweries & Distilleries at 0.78%, Construction at 0.58% and Banks - Public Sector at 0.44% in May 2009.

Sector-wise, the scheme exited completely from Aluminium and Aluminium Products at 0.61% and Fertilizers at 0.59% in May 2009.

The scheme had highest exposure to Reliance Industries with 8.00 lakh units (8.52% of portfolio size) followed by HDFC Bank with 11.90 lakh units (8.03%), Bharti Airtel with 16.00 lakh units (6.13%) and Kotak Mahindra Bank with 17.00 lakh units (5.41%) among others in May 2009.

It reduced its exposure from Bharti Airtel by selling 2.20 lakh units to 16.00 lakh units (by 1.64%), Grasim Industries by selling 1.00 lakh units to 2.00 lakh units (1.07%), Bharat Petroleum Corporation by selling 4.00 lakh units to 2.00 lakh units (0.89%) and Infosys Technologies to 6.50 lakh units (0.71%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Banks-Private Sector at 20.44% (from 17.43% in April 2009), followed by Telecommunications-Service Provider at 9.05% (10.58%), Refineries at 8.95% (9.54%) and Computers-Software-Large at 6.53% (7.18%) among others in May 2009.

Sector-wise, the scheme had reduced exposure from Telecommunications-Service Provider to 9.05% (by 1.53%), Diversified-Mega to1.97% (by 1.07%), Steel-Large to 0.38% (by 0.66%) and Computers-Software-Large to 6.53% (by 0.65%) among others in May 2009.

Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over most of the time periods.

The scheme has posted returns of 3.19% outperforming the BSE Sensex that gained 3.15% over 1 month period ended 23 June 2009.

Over 3 months period, the scheme advanced by 51.31% underperforming the benchmark index that gained 51.99%. It rose 9.93% outperforming the benchmark index that gained 0.21% over 1 year period.

Religare Mutual Fund PSU Equity Fund Seeks Sebi Approval - June 23, 2009

Religare Mutual Fund has filed offer document with Securities and Exchange Board of India (Sebi) to launch new fund named as Religare PSU Equity Fund, an open-ended PSU Sector fund. Each unit will have a face value of Rs.10 each. Details of the Religare PSU Equity Fund: The scheme seeks to generate capital appreciation by investing in equity and equity related instruments of companies where the Central/State Government has majority shareholding or the management control is vested with the Central/State government.

The scheme offers growth and dividend options. Dividend option will have further dividend reinvestment and payout facilities.

The minimum application amount will be Rs 5000 and in multiple of Re 1 thereafter.

The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period.

Asset allocation: The scheme will invest 90-100% in equity & equity related instruments of the constituents of BSE PSU Index with high risk profile.

The fund will be having investment exposure up to 35% in equity & equity related instruments of PSU companies other than the constituents of the BSE PSU Index with high risk profile.

Investment in equity & equity related instruments of non PSU companies will be up to 20% with high risk.

The scheme will invest up to 35% in debt & money market instruments with low to medium risk profile.

Non PSU companies are considered as companies which are PSU at the time of investment and which may subsequently become non PSU because of privatization or disinvestment.

Investment in securitized debt including pass through certificate (PTC) shall not exceed 20% of the net assets of the Scheme. The scheme will not invest in foreign securitized debt.

Load structure during NFO period: The scheme will not charge entry load for application not routed through any distributor/agent/broker: While application routed through any distributor/agent/broker, the scheme will ask 2.25% entry load in respect of each purchase/ switch-in of units less than Rs. 5 crore in value and nil for In respect of each purchase/switch-in of units equal to or greater than Rs. 5 crore in value.

In respect of each purchase/switch-in of units less than Rs. 5 crore in value, an exit load of 1% is payable, if units are redeemed/switched-out within 6 months from the date of allotment and in respect for each purchase/switch-in of units equal to or greater than Rs 5 crore in value no exit load is payable.

Benchmark index: The performance of the scheme is being benchmarked to BSE PSU Index.

Fund manager: Gautam Kaul is the fund manager for the scheme.

Mirae Asset Mutual Fund Short Term Bond Fund Floats - June 23, 2009

Mirae Asset Mutual fund has unveiled the Mirae Asset Short Term Bond Fund, an open-ended debt scheme on 23 June 2009. The new fund will be opened for fresh subscription till 22 July 2009. The offer price is Rs 10 per unit. The investment objective of the scheme is to seek to generate returns through an actively managed diversified portfolio of debt and money market instruments.

The scheme offers two plans viz. regular and institutional with growth and dividend option. The dividend option will offer dividend payout, dividend reinvestment and dividend transfer option.

No entry load is payable under the scheme. The scheme will charge 0.25% for regular plan, if redeemed within 90 days from the date of allotment and 0.15% for institutional plan, if redeemed within 15 days from the date of allotment.

The minimum application amount under the regular plan is Rs 5000 and in multiples of Re 1 thereafter and the minimum investment amount under institutional plan is Rs 10 lakhs and in multiples of Re 1 thereafter.

Kotak Opportunities Mutual Fund Over Most Of Time Periods - June 23, 2009

Background: Kotak Mahindra Asset Management Company Limited. manages Kotak Mahindra Mutual Fund (KMMF), a wholly owned subsidiary of Kotak Mahindra Bank Limited. Kotak Mahindra Mutual Fund launched its schemes in December 1998. The fund house manages assets worth Rs 28337.83 crore at the end of May 2009.

Kotak Opportunities Fund (G) an open-ended equity scheme launched in July 2004. The objective of the scheme is sought to generate capital appreciation from a diversified portfolio of equity and equity related securities.

The minimum investment amount is Rs 5000 and in multiples of Rs 1000 thereafter. The unit NAV of the scheme was Rs 32.91 as on 22 June 2009.

Portfolio: The total net assets of the scheme increased by Rs 228.37 crore to Rs 910.03 crore in May 2009.

Kotak Opportunities Fund (G) took fresh exposure to seventeen new stocks in May 2009. The scheme has purchased 4.39 lakh units (2.18%) of Century Textiles & Industries, 7.48 lakh units (2.04%) of Indiabulls Real Estate and 6.00 lakh units (1.87%) of Canara Bank among others.

The scheme exited completely from Bharat Heavy Electricals by selling 49354 units (1.20%), Infrastructure Development Finance Company by selling 9.75 lakh units (1.10%) and Wipro by selling 2.22 lakh units (1.08%) among others in May 2009.

Sector-wise, the scheme took fresh exposure in Diversified-Mega at 2.18%, Diversified-Medium/Small at 1.81% and Computers-Software-Medium/Small at 1.00% among others in May 2009.

Sector-wise, the scheme exited completely from Electronics-Components at 1.06% Automobiles-Scooters and 3-Wheelers at 0.96% and Finance-Term-Lending Institutions 0.45% in May 2009.

The scheme had highest exposure to Reliance Industries with 2.35 lakh units (5.87% of portfolio size) followed by Bharti Airtel with 4.50 lakh units (4.06%), Aditya Birla Nuvo with 3.00 lakh units (3.06%) and Oil & Natural Gas Corporation with 2.30 lakh units (2.96%) among others in May 2009.

It reduced its exposure from Reliance Industries by selling 54462 units to 2.35 lakh units (by 1.80%), HDFC Bank by selling 90000 units to 45208 units (1.46%), State Bank of India by selling 90024 units to 1.37 lakh units (1.44%) and Bharti Airtel to 4.50 lakh units (0.56%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Construction at 9.29% (from 5.88% in April 2009), followed by Refineries at 7.54% (8.91%), Banks-Public Sector at 7.51% (5.93%) and Telecommunications-Service Provider at 7.16% (5.94%) among others in May 2009.

Sector-wise, the scheme had reduced exposure from Refineries to 7.54% (by 1.37%), Computers-Software-Large to 4.45% (by 0.62%), Banks-Private Sector to 6.46% (by 0.60%) and Cigarettes to 1.14% (by 0.43%) among others in May 2009.

Performance: The performance of scheme is benchmarked against S&P CNX 500. The scheme has underperformed the benchmark index over most of the time periods.

The scheme has posted returns of 2.56% outperforming the S&P CNX 500 that gained 1.58% over 1 month period ended 22 June 2009.

Over 3 months period, the scheme advanced by 56.80% underperforming the S&P CNX 500 that gained 59.28%. It fell 7.03% more than the benchmark index that declined by 2.93% over 1 year period.

HDFC MF Declares Dividends In Arbitrage Fund - June 22, 2009

HDFC Mutual Fund has declared dividends in quarterly dividend option of HDFC Arbitrage Fund-Retail Plan and Wholesale Plan. The record date for the dividend is set as June 25, 2009. The fund house has decided to distribute 100% of distributable surplus as dividends on the record date.

HDFC Arbitrage Fund-Retail Plan-Quarterly Dividend Option recorded NAV of Rs 10.1220 per unit and HDFC Arbitrage Fund-Wholesale-Quarterly Dividend Option recorded NAV of Rs 10.1270 per unit as on June 18, 2009.

HDFC Arbitrage Fund, an open ended equity fund was launched in September 2007. The investment objective of the scheme is to generate income through arbitrage opportunities between cash and derivative market and arbitrage opportunities within the derivative segment and by deployment of surplus cash in debt securities and money market instruments.

DSP BR MF Declares Dividend For Three Fmps - June 22, 2009

DSP BlackRock Mutual Fund has declared dividend in dividend option of the regular and institutional plan of DSP BlackRock Fixed Maturity Plan-12M-Series 2, DSP BlackRock Fixed Maturity Plan-12M-Series 3 and DSP BlackRock Fixed Maturity Plan-12M-Series 4, closed ended income schemes.

The fund house has decided distribute the following amount of dividend on the record date of 26 June 2009 on face value of Rs 10 per unit:

DSP BlackRock Fixed Maturity Plan-12M-Series 2:

Regular Plan: For individuals: Rs 0.280302 per unit, For Others: Rs 0.260884 per unit, NAV as on 17 June 2009: 10.3442 per unit

Institutional Plan: For Individuals: Rs 0.297821 per unit, For Others: Rs 0.277189 per unit, NAV as on 17 June 2009: 10.3692 per unit

DSP BlackRock Fixed Maturity Plan-12M-Series 3:

Regular Plan: For individuals: Rs 0.245264 per unit, For Others: Rs 0.228273 per unit, NAV as on 17 June 2009: 10.3367 per unit

Institutional Plan: For Individuals: Rs 0.271543 per unit, For Others: Rs 0.252731 per unit, NAV as on 17 June 2009: 10.3619 per unit

DSP BlackRock Fixed Maturity Plan-12M-Series 4:

Regular Plan: For individuals: Rs 0.254024 per unit, For Others: Rs 0.236426 per unit, NAV as on 17 June 2009: 10.3145 per unit

Institutional Plan: For Individuals: Rs 0.271543 per unit, For Others: Rs 0.252731 per unit, NAV as on 17 June 2009: 10.3386 per unit.

Tata MF Growth Fund Under Performs The Time Periods - June 22, 2009

Background: Tata Assets Management Ltd. is a part of the Tata group-one of India's largest and most respected industrial groups. The Tata Group is one of India's best-known conglomerates in the private sector with a turnover of around US $ 14.25 billion. The fund manages assets worth Rs. 21304.79 crore at end of May 2009. Tata Growth Fund (G) an open-ended equity scheme launched in June 1994.

The investment objective of the scheme will be to provide reasonable and regular income along with possible capital appreciation to its unit holder.

The minimum investment amount is Rs.5000 and in multiples of Re.1 thereafter. The unit NAV of the scheme was Rs 30.05 per unit as on 19 June 2009.

Portfolio: The total net assets of the scheme increased by Rs 14.61 crore to Rs.54.06 crore in May 2009.

Tata Growth Fund (G) took fresh exposure to three new stocks in May 2009. The scheme has purchased 76998 units (1.45%) of Mcleod Russel India, 24999 units (1.44%) of Corporation Bank and 7180 units (1.00%) of BEML.

The scheme exited completely from Indraprastha Gas by selling 60000 units (1.78%), Hindustan Petroleum Corporation by selling 20000 units (1.40%) and Federal Bank by selling 25000 units (1.18%) among others in May 2009.

Sector-wise, the scheme took fresh exposure in Tea at 1.45% in May 2009. Sector-wise, the scheme exited completely from Banks-Private Sector at 1.18% and Steel-Large at 0.76% in May 2009.

The scheme had highest exposure to GVK Power & Infrastructure with 6.24 lakh units (5.28% of portfolio size) followed by Aditya Birla Nuvo with 25000 units (4.29%), Financial Technologies (India) with 15000 units (4.01%) and Opto Circuits (India) with 1.16 lakh units (3.61%) among others in May 2009.

It reduced its exposure from ITC to 70002 units (by 0.98%), Tata Chemicals by selling 20000 units to 20000 units (0.93%), Gujarat State Petronet by selling 99998 units to 1.74 lakh units (0.84%) and Tata Power Company to 16000 units (0.46%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Power Generation and Supply at 9.63% (from 9.14% in April 2009), followed by Computers-Software-Medium/Small at 9.22% (7.12%), Banks-Public Sector at 5.98% (4.75%) and Textiles-Manmade at 4.29% (3.35%) among others in May 2009.

Sector-wise, the scheme had reduced exposure from Refineries to 2.74% (by 1.63%), Cigarettes to 2.38% (by 0.98%), Fertilizers to 0.80% (by 0.93%) and Personal Care-Multinational to 1.35% (by 0.51%) among others in May 2009.

Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over most of the time periods.

The scheme has posted returns of 5.97% outperforming the BSE Sensex that slipped 5.72% over 1 month period ended 19 June 2009.

Over 3 months period, the scheme advanced by 66.54% outperforming the benchmark index that gained 61.95%. It fell 14.02% more than the benchmark index that declined by 0.34% over 1 year period.

Principal Pnb MF Declares Dividend For Various Schemes - June 20, 2009

The Principal Pnb Mutual Fund has approved to declare dividend under quarterly dividend option of Principal Monthly Income Plan, Principal Monthly Income Plan-MIP Plus, Principal Government Securities Fund, and Principal Income Fund. The record date for dividend will be 24 June 2009. Principal Monthly Income Plan and Principal Monthly Income Plan-MIP Plus :

Both the above-mentioned funds will distribute Rs 0.2800 per unit as dividend under quarterly dividend option.

The NAV of Principal Monthly Income Plan was at Rs 11.9421 per unit and that of Principal Monthly Income Plan-MIP Plus was at Rs 12.2263 per unit as on 18 June 2009.

Principal Government Securities Fund: The rate of dividend under Investment Plan will be Rs 0.2000 per unit and under Savings plan will be Rs 0.1000 per unit.

The NAV of Investment Plan was at Rs 11.8736 and Savings Plan was at Rs 10.6640 per unit as on 18 June 2009.

Principal Income Fund: The rate of dividend under regular plan will be Rs 0.1500 per unit and under institutional plan will be Rs 0.2000 per unit.

The NAV of regular plan was at Rs 11.1186 and institutional plan was at Rs 12.0152 per unit as on 18 June 2009.

HDFC MF Declares Dividend In Various Fmps - June 20, 2009

HDFC Mutual Fund has approved 25 June 2009 as the record date for declaration of dividend in quarterly dividend option of below mentioned fixed maturity plans on the face value of Rs 10 per unit. The fund house has decided to distribute 100% of distributable surplus as on the record date as dividend to all the mentioned schemes.

HDFC Fixed Maturity Plans-Series V: HDFC FMP 36M June 2007-Retail plan and Wholesale Plan.

HDFC Fixed Maturity Plans-Series VI: HDFC FMP 18M December 2007-Retail plan.

HDFC Fixed Maturity Plans-Series VII: HDFC FMP 18M January 2008-Retail plan,HDFC FMP 18M April 2008-Retail plan.

HDFC Fixed Maturity Plans-Series VIII: HDFC FMP 370D June 2008 (1)-Retail plan and Wholesale Plan, HDFC FMP 370D June 2008 (2)-Retail plan and Wholesale Plan, HDFC FMP 370D July 2008 (1)-Retail plan and Wholesale Plan.

HDFC Fixed Maturity Plans-Series IX: HDFC FMP 370D July 2008 (2)-Retail plan, HDFC FMP 20M August 2008-Retail plan , HDFC FMP 370D August 2008 (1)-Retail plan, HDFC FMP 370D August 2008 (3)-Retail plan, HDFC FMP 22M September 2008 -Retail plan, HDFC FMP 370D September 2008 (1) -Retail plan and Wholesale Plan, HDFC FMP 18M October 2008 (1) -Retail plan and Wholesale Plan, HDFC FMP 370D October 2008 (1) -Retail plan, HDFC FMP 370D November 2008 (1) -Retail plan and Wholesale Plan, HDFC FMP 17M November 2008 (1) -Retail plan and Wholesale Plan, HDFC FMP 370D December 2008 (1) -Retail plan.

HDFC Fixed Maturity Plans-Series X: HDFC FMP 16M December 2008 (1) -Retail plan, HDFC FMP 14M February 2009 (1) -Retail plan, HDFC FMP 13M March 2009 (1) -Retail plan, HDFC FMP 367D March 2009 (1) -Retail plan.

HDFC MF Declares Dividends Under Income Fund And MIP - June 20, 2009

HDFC Mutual Fund has approved the declaration of dividends in quarterly dividend option of HDFC Monthly Income Plan-Long & Short Term Plan and HDFC Income Fund. The fund house has decided to distribute dividends on the record date of 25 June 2009.

The quantum of the dividend under HDFC Monthly Income Plan-Long Term Plan will be Re 0.18 per unit (1.80%) under Individuals & HUF and Re 0.1675 per unit (1.675%) under others and dividend under HDFC Monthly Income Plan-Short Term Plan be and under will Re 0.15 per unit (1.50%) under Individuals & HUF and Re 0.1396 per unit (1.396%) under others.

The HDFC Monthly Income Plan-Long Term Plan recorded NAV of Rs 12.1359 per unit and Short Term Plan recorded NAV of Rs 11.1820 per unit as on 18 June 2009.

The quantum of the dividend under HDFC Income Fund will be Re 0.15 per unit (1.50%) under Individuals & HUF and Re 0.1396 per unit (1.396%) under others. The scheme has recorded NAV of Rs 11.0602 per unit as on 18 June 2009.

LIC MF Equity Fund The Over Most Of Time Periods - June 19, 2009

Background: Life Insurance Corporation of India set up LIC Mutual Fund in June 1989. LIC Mutual Fund was constituted as a Trust in accordance with the provisions the Indian Trust Act, 1882. This trust has appointed Jeevan Bima Sahayog Assets Management Company Limited. as the Investment Managers for LIC Mutual Fund in April 1994.

The fund house manages assets worth Rs 28598.76 crore at the end of May 2009. LIC MF Equity Fund (G) is an open-ended equity diversified scheme launched in January 1993.

The objective of the scheme is to obtain maximum possible capital growth consistent with reasonable level of safety and security by investing mainly in equity.

The minimum investment amount is Rs.2000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 21.17 per unit as on 18 June 2009.

Portfolio: The total net assets of the scheme increased by Rs 23.19 crore at Rs 96.39 crore as on May 2009.

LIC Equity Fund (G) took fresh exposure to three new stocks in May 2009. The scheme has purchased 24999 units (5.67%) of Housing Development Finance Corporation, 38397 units (1.20%) of GAIL (India) and 87950 units (0.95%) of Gujarat Alkalies & Chemicals.

The scheme exited completely from Steel Authority of India by selling 1.50 lakh units (2.24%), Mahindra & Mahindra Bank by selling 6975 units (0.46%) and Alphageo (India) by selling 15968 units (0.22%) in May 2009.

Sector-wise, the scheme took fresh exposure in Finance-Housing at 5.67% and Chlor Alkali/Soda Ash at 0.95% in May 2009.

Sector-wise, the scheme exited completely from Steel-Large at 2.24% and Automobiles-Tractors at 0.46% in May 2009.

The scheme had highest exposure to Bharat Heavy Electricals with 25000 units (5.64% of portfolio size) followed by Larsen & Toubro with 38286 units (5.58%), Jaiprakash Associates with 2.15 lakh units (4.63%) and NTPC with 1.77 lakh units (3.98%) among others in May 2009.

It reduced its exposure from State Bank of India by selling 25018 units to 10000 units (by 4.17%), ICICI Bank to by selling 58999 units to 40000 units (3.39%), Bank of India by selling 1.04 lakh units to 50001 units (3.23%) and Infrastructure Development Finance Company by selling 1.99 lakh units to 45000 units (1.98%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Power Generation and Supply at 10.06% (from 9.80% in April 2009), followed by Refineries at 6.73% (6.89%), Banks-Private Sector at 6.70% (9.33%) and Banks-Public Sector at 5.78% (14.35%) among others in May 2009.

Sector wise, the scheme had reduced exposure from Banks-Public Sector to 5.78% (by 8.57%), Banks-Private Sector to 6.70% (by 2.63%), Finance & Investments to 1.84% (by 1.81%) and Aluminium and Aluminium Products to 0.15% (by 0.57%) among others in May 2009.

Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has underperformed the benchmark index over most of the time periods.

The scheme has posted returns of 20.06% outperforming the BSE Sensex that slipped 0.13% over 1 month period ended 18 June 2009.

Over 3 months period, the scheme advanced by 54.48% underperforming the benchmark index that gained 58.92%. It fell 5.66% less than the benchmark index that declined by 7.50% over 1 year period.

SBI MF Nation Builder Fund Seeks For Sebi Approval - June 19, 2009

SBI Mutual Fund has filed offer document with Securities and Exchange Board of India (SEBI) to launch an open ended equity fund- SBI Nation Builder Fund. The face value of the new issue will be Rs 10 per unit. The primary objective of the scheme is to provide investors with opportunities for long term capital growth through an active management of investments in a diversified basket consisting of equity and equity related instruments of companies.

The scheme offers growth as well as dividend option. Further, the dividend option will offer payout and reinvestment facilities.

The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. The scheme seeks to collect a minimum corpus of Rs 25 crore during NFO period.

The scheme will invest of 65-100% in equities and equity related instruments with high risk profile.

It will invest up to 35% in debt as well as money market instruments with medium to low risk profile.

The exposure to derivatives instruments in the scheme may be to the extent of 50% of the net assets. The investment in equities would be through primary as well as secondary market.

Bharti AXA MF Build India Fund Files Documents With Sebi - June 19, 2009

Bharti AXA mutual fund has filed an offer documents with Securities and Exchange Board of India (Sebi) to launch Bharti AXA Build India Fund. The face value of the unit will be Rs 10 per unit. The scheme will endeavour to generate long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies that are expected to benefit from the growth and infrastructure development in India.

The scheme will offer two plans- regular, eco, institutional and super institutional plans. Each of the plans will have the options of growth as well as quarterly and regular dividend options. The dividend options will further offer dividend payout and reinvestment facilities.

The scheme may invest 65-100% in equity and equity related securities of companies that are expected to benefit from the growth and development of Infrastructure in India with high risk profile.

It will have investment up to 35% in equity and equity related securities of other companies with high risk profile.

The fund will make an investment up to 35% in debt & money market securities/instruments with low to medium.

However, the investments in derivative instruments shall not exceed 50% of net assets of the portfolio. It will not invest in securitized debt.

LIC MF Changes In Minimum Subscription Amount SIP - June 18, 2009

LIC Mutual Fund has announced the change in Minimum Subscription Amount – SIP of LIC MF ULIS, LIC MF Balanced Fund and LIC MF Equity Fund, LIC MF Growth Fund, LIC MF Tax Plan, LIC MF Index Fund–Sensex Plan, Nifty Plan a& Sensex Advantage Plan and LIC MF Opportunities Fund, with effect from 1 July 2009.

Accordingly, the minimum subscription amount under SIP has decreased to Rs 100 from existing Rs 500.

Franklin Templeton Mutual Fund Ceases TQIP-B - June 18, 2009

Franklin Templeton Mutual Fund has decided to wind up Templeton Quarterly Interval Plan – B, with effect form 29 June 2009. As per the fund house, the low interest rates on the back of aggressive monetary easing have resulted in a sharp reduction in demand for the Quarterly Interval Plan.

Hence, as a part of the ongoing product rationalisation exercise, the trustees of Franklin Templeton Mutual Fund have decided to cease Templeton Quarterly Interval Plan – B.

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.

SBI Mutual Fund Under Performs The All Over Periods- June 18, 2009

Background: SBI Funds Management Ltd manages SBI Mutual Fund a wholly owned subsidiary of India's premier and largest bank; the State Bank of India. SBI Mutual Fund set up in June 1987. SBI Mutual Fund house has Rs 34441.20 crore assets under management at the end of May 2009. The AMC has already launched a range of products to suit different risk and maturity profiles.

Magnum Multicap Fund (G) an open ended growth fund launched in August 2005. The investment objective seeks to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks spanning the entire market capitalization spectrum, debt and money market instruments.

The minimum investment amount is Rs.5000 and in multiples of Rs.1000 thereafter. The unit NAV of the scheme was Rs 14.15 as on 17 June 2009.

Portfolio: The total net assets of the scheme increased by Rs 134.35 crore to Rs 636.73 crore in May 2009.

Magnum Multicap Fund (G) took fresh exposure to eleven new stocks in May 2009. The scheme has purchased 2.54 lakh units (1.54%) of Simplex Infrastructures. 1.77 lakh units (0.94%) of Tata Motors, 3.97 lakh units (0.61%) of Suzlon Energy and 40088 units (0.57%) of Aban Offshore among others.

The scheme exited completely from Axis Bank by selling 1.00 lakh units (1.11%) and Bank of India by selling 2.02 lakh units (0.95%) in May 2009.

Sector -wise, the scheme took fresh exposure in Automobiles-LCVs/HCVs at 0.94% and Shipping at 0.45% in May 2009. Sector-wise, the scheme did not exit completely from any sectors in May 2009.

The scheme had highest exposure to Reliance Industries with 1.75 lakh units (6.26% of portfolio size) followed by ICICI Bank with 3.34 lakh units (3.89%), Larsen & Toubro with 1.69 lakh units (3.75%) and State Bank of India with 1.25 lakh units (3.67%) among others in May 2009.

It reduced its exposure from ITC by selling 1.23 lakh units to 9.25 lakh units (by 1.28%), Grasim Industries to by selling 30123 units to 35979 units (1.15%), Lupin by selling 49703 units to 1.61 lakh units (0.90%) and Infosys Technologies by selling 10133 units to 1.16 lakh units (0.87%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Banks-Private Sector at 7.05% (from 6.24% in April 2009), followed by Refineries at 6.89% (6.46%), Electric Equipment at 6.42% (5.76%) and Telecommunications-Service Provider at 6.06% (5.33%) among others in May 2009.

Sector wise, the scheme had reduced exposure from Cigarettes to 2.67% (by 1.28%), Diversified-Mega to 1.19% (by 1.15%), Computers-Software–Large to 4.83% (by 1.12%) and Pharmaceuticals-Indian-Bulk Drugs to 2.12% (by 0.90%) among others in May 2009.

Performance: The performance of scheme is benchmarked against BSE 100. The scheme has underperformed the benchmark index over all time periods.

The scheme has posted returns of 21.56% underperforming the BSE 100 that gained 22.06% over 1 month period ended 17 June 2009. Over 3 months period, the scheme advanced by 58.99% underperforming the benchmark index that gained 68.52%. It fell 12.55% more than the benchmark index that declined by 8.57% over 1 year period.

Kotak Mahindra Union Division Plan 99 Declares Payment - June 17, 2009

Kotak Mahindra Mutual Fund has proposed to declare dividend under quarterly dividend option of Kotak Mahindra Bond Unit Scheme 99 for both regular and deposit plans. The record date is set as 22 June 2009. The quantum of dividend under both regular and deposit plans will be Rs 0.3448 per unit and Rs 0.4073 per unit, respectively on face value of Rs 10 per unit.

The NAV of the scheme was at Rs 11.1570 under regular plan and Rs 13.1837 per unit under deposit plan as on 15 June 2009.

Kotak Mahindra Bond Unit Scheme 99 is an open ended debt scheme with an objective to create a portfolio of debt instruments of different maturities so as to spread the risk across a wide maturity horizon and different kinds of issuers in the debt markets.

UTI Mutual Fund In Excess Of Mainly Moment - June 17, 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 63437.87 crore at the end of May 2009.

UTI – Contra Fund (G) is an open-ended equity oriented scheme launched in February 2006. The fund aims to provide long-term capital appreciation/dividend distribution through investments in listed equities and equity-related instruments. The Fund's investment policies are based on insights from behavioral finance.

The fund offers an opportunity to benefit from the impact of non-rational investors' behavior by focusing on stocks that are currently undervalued because of emotional and behavioral patterns present in the stock market.

The minimum investment amount is Rs.5000 and in multiples of Rs.1 thereafter. The unit NAV of the scheme was Rs 11.02 as on 16 June 2009.

Portfolio: The total net assets of the scheme increased by Rs 45.05 crore to Rs 237.86 crore in May 2009.

UTI-Contra Fund (G) took fresh exposure to two new stocks in May 2009. The scheme has purchased 85000 units (0.74%) of Jaiprakash Associates and 85000 units (0.73%) of Punj Lloyd.

The scheme exited completely from Tata Motors by selling 2.00 lakh units (2.53%), State Bank of India by selling 25000 units (1.66%) and Ranbaxy Laboratories by selling 67362 units (0.58%) in May 2009.

Sector-wise, the scheme took fresh exposure in Construction at 1.47% in May 2009.

Sector-wise, the scheme exited completely from Automobiles- LCVs/HCVs at 2.53% and Pharmaceuticals-Indian-Bulk Drugs & Formualation at 0.58% in May 2009.

The scheme had highest exposure to ICICI Bank with 2.25 lakh units (7.00% of portfolio size) followed by Punjab National Bank with 2.25 lakh units (6.35%), Union Bank of India with 7.00 lakh units (6.04%) and Bharti Airtel with 1.50 lakh units (5.18%) among others in May 2009.

It reduced its exposure from ITC to 5.00 lakh units (by 1.04%), Hindustan Unilever to 3.50 lakh units (0.86%), Tata Power Company by selling 15000 units to 1.00 lakh units (0.85%) and Bharti Airtel to 1.50 lakh units (0.68%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Banks-Public Sector at 12.39% (from 13.19% in April 2009), followed by Power Generation and Supply at 11.68% (10.06%), Banks-Private Sector at 7.00% (6.21%) and Telecommunications-Service Provider at 5.18% (5.86%) among others in May 2009.

Sector-wise, the scheme had reduced exposure from Cigarettes to 3.86% (by 1.04%), Personal Care-Multinational to 3.40% (by 0.86%), Banks-Public Sector to 12.39% (by 0.80%) and Telecommunications-Service Provider to 5.18% (by 0.68%) among others in May 2009.

Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over most of the time periods.

The scheme has posted returns of 20.70% underperforming the BSE 200 that gained 27.25% over 1 month period ended 16 June 2009.

Over 3 months period, the scheme advanced by 54.13% underperforming the benchmark index that gained 74.63%. It rose 7.41% outperformed benchmark index that declined by 3.99% over 1 year period.

Tata MF Floater Fund Revises Load Structure - June 17, 2009

Tata Mutual Fund has approved the revision of load structure in Tata Floater Fund, an open ended debt scheme, (including subscription by way of Systematic Investment Plan/Systematic Transfer Plan transaction) with effective from June 17, 2009. Accordingly, the fund will not levy any entry or exit load.

Currently the scheme will charge 0.50% as entry load for each investment amount less than or equal to Rs 5 lakh.

While for investment amount more than Rs 5 lakh, the scheme charges nil entry load.

Currently, the scheme charges an exit loads of 0.50%, for each investment amount less than Rs 5 lakh if redeemed before the expiry of 30 days from the date of allotment and the scheme will not charge any exit load for each investment amount greater than or equal to Rs 5 lakh.

The objective of the scheme is to generate stable returns with a low interest rate risk strategy by creating a portfolio that is predominantly invested in good quality floating rate debt instruments.

Birla Sun Life Mutual Fund Launches Internet Based SIP - June 16, 2009

Birla Sun Life mutual fund has launched internet based SIP (systematic investment plan) or iSIP, a unique and convenient mode of transaction facility that will enable investors to start their SIP investments online. iSIP will provide multitude of benefits to investors-being faster, more convenient and providing paper less management of SIPs.

Investors investing through financial planners can quickly and conveniently act upon the advice of their advisors.

Investors can make purchases, renew their SIP and also have the option to cancel it online. The service is currently available through Citi, ING and Axis banks. Going forward more banks would be added by the fund house.

Birla Sun Life MF has effectively leveraged technology platforms through its "Anytime Anywhere" initiative to provide its customers enhanced service experience.

“There has been increased interest among investors to invest through the Systematic Investment route.

We have witnessed a 250% jump in the total number of SIPs registered with Birla Sun Life MF in the previous financial year.

This year, we want to reach out to even more SIP investors”, Anil Kumar, CEO, Birla Sun Life MF said.

“We now offer our investors the facility to track their investments through internet based Online Portfolio Management services, through Interactive Voice Response system on toll free number and through Mobile Investment Manager.

All these services are secure, user friendly and more importantly available 24X 7. The endeavor is to provide full range of convenient service solutions to our investors.”

Tata Floater Fund Revises Load Structure - June 16, 2009

Tata Mutual Fund has approved revision of load structure in Tata Floater Fund, an open ended debt scheme, (including subscription by way of Systematic Investment Plan/Systematic Transfer Plan transaction) with effect from 17 June 2009. Accordingly, the fund will not levy any entry or exit load.

Currently the scheme will charge an entry load of 0.50% for each investment amount less than or equal to Rs 5 lakh. And the scheme charges nil entry load for each investment amount above Rs 5 lakh.

Presently, the scheme charges an exit loads of 0.50%, for each investment amount less than Rs 5 lakh if redeemed before expiry of 30 days from the date of allotment and the scheme will not charge any exit load for each investment amount greater than or equal to Rs 5 lakh.

The investment objective of he scheme is to generate stable returns with a low interest rate risk strategy by creating a portfolio that is predominantly invested in good quality floating rate debt instruments which can also be swapped for floating rate returns.

HDFC Capital Builder Fund Under Performs Over All Time - June 16, 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 75406.10 crore in May 2009.

HDFC Capital Builder Fund (G) an open-ended growth scheme launched in December 1993. The investment objective of the scheme is to achieve long term capital appreciation by investing predominantly in equity oriented securities.

The minimum investment amount is Rs 5000 and any amount thereafter. The unit NAV of the scheme was 68.26 as on 15 June 2009.

Portfolio: The total net assets of the scheme increased by Rs 105.02 crore to Rs 506.42 crore in May 2009.

HDFC Capital Builder Fund (G) took fresh exposure to one stock in May 2009. The scheme has purchased 4.00 lakh units (0.69%) of Balrampur Chini Mills.

The scheme exited completely from SKF India by selling 2.75 lakh units (1.23%) and Motilal Oswal Financial Services by selling 25000 units (0.06%) in May 2009.

Sector-wise, the scheme took fresh exposure in Sugar at 0.69% in May 2009. Sector-wise, the scheme exited completely from Bearings at 1.23% and Finance & Investments at 0.06% in May 2009.

The scheme had highest exposure to ICICI Bank with 4.50 lakh units (6.58% of portfolio size) followed by State Bank of India with 1.70 lakh units (6.27%), Hero Honda Motors with 1.86 lakh units (4.93%) and Exide Industries with 29.67 lakh units (4.15%) among others in May 2009.

It reduced its exposure from Hero Honda Motors by selling 45000 units to 1.86 lakh units (by 1.90%), Reliance Industries by selling 20000 units to 80000 units (0.91%), ITC to 8.00 lakh units (0.86%) and Crompton Greaves by selling 3.90 lakh units to 7.00 lakh units (0.72%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Pharmaceuticals-Indian-Bulk Drugs & Formulation at 12.39% (from 12.65% in April 2009), followed by Banks-Private Sector at 9.66% (8.15%), Banks-Public Sector at 9.30% (7.46%) and Refineries at 6.56% (7.63%) among others in May 2009.

Sector wise, the scheme had reduced exposure from Automobiles-Motorcycles/Mopeds to 4.93% (by 1.90%), Food-Processing-MNC to 5.75% (by 1.17%), Refineries to 6.56% (by 1.07%) and Cigarettes to 2.90% (by 0.86%) among others in May 2009.

Performance: The performance of scheme is benchmarked against S&P CNX 500. The scheme has underperformed the benchmark index over all the time periods.

The scheme has posted returns of 20.99% underperforming the S&P CNX 500 Index that gained 26.84% over 1 month period ended 15 June 2009.

Over 3 months period, the scheme advanced by 62.15% underperforming the S&P CNX 500 Index that gained 74.09%. It fell 5.30% more than the benchmark index that declined by 1.12% over 1 year period.

HDFC Mutual Fund Declares Dividend - June 15, 2009

HDFC Mutual Fund has declared 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 record date for the dividend distribution is set as April 29, 2009.

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 April 22, 2009.

HDFC FMP 18M October 2007-Wholesale Plan-Normal Dividend Option recorded NAV of Rs 11.3664 per unit as on April 22, 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 as well as government securities.

IDFC Mutual Fund Modifies Auto Trigger Facility - June 15, 2009

IDFC Mutual Fund has modified Auto Trigger Facility (ATF). The following terms and conditions have been added to the ATF.

a. ATF can be availed only through the fresh purchase.

b. If the investor wishes to opt for ATF, no switch in shall be allowed from any other scheme to IDFC Money Manager Fund-Treasury Plan-Plan D.

c. Moreover, no additional purchase in the existing ATF Folio shall be allowed both under IDFC Money Manager Fund-Treasury Plan-Plan D and all equity schemes wherein the fund are switched in from IDFC Money Manager Fund-Treasury Plan-Plan D on activation of entry trigger (for this new Folio will be created).

d. The investors can opt for STP/SWP/Redemption/SO/PEP facilities under the existing ATF Folio. However, on activation of the said facilities the trigger shall cease to exist.

e. The investors can not submit the request for consolidation of ATF Folio.

DSP Black Rock Mutual Fund India Declares Dividend - June 15, 2009

DSP BlackRock Mutual Fund has declared a dividend under the dividend option of the DSP BlackRock India T.I.G.E.R Fund (The Infrastructure Growth and Economic Reforms Fund), an open ended diversified equity scheme. The fund house has fixed 19 June 2009, as the record date for the payment of dividend.

The quantum of the dividend will be Rs 2.00 per unit and it will distribute on the record date on the face value of Rs 10 per unit. The scheme has recorded the NAV of Rs 18.032 per unit as on 12 June 2009.

The primary investment objective of the scheme is to seek to generate capital appreciation from a portfolio that is substantially constituted of equity securities and equity related securities of corporates, which could benefit from structural changes brought about by continuing liberalization in economic policies by the Government and/or from continuing investments in infrastructure, both by the public and private sector.

IDFC Mutual Fund Declares For Dividend - June 13, 2009

IDFC Mutual Fund has declared dividend under dividend option of IDFC Fixed Maturity Plan-Eighteeen Months Series 1. Record date for dividend distribution is 18 June 2009. The fund house has decided to distribute entire appreciation in net asset value (NAV) of dividend option since inception until 18 June 2009, subject to availability of distributable surplus, as dividend.

The scheme recorded a NAV of Rs 11.3660 per unit for plan A and Rs 11.3652 per unit for Plan B as on 10 June 2009.

The scheme is maturing on 18 June 2009. The investment objective of the scheme is to seek to generate income by investing in portfolio of debt and money market instruments.

UTI Mutual Fund Discontinues Switch-In Facility - June 13, 2009

UTI mutual fund has decided to discontinue sales and switch in facilities under the UTI SPrEAD Fund with effect from 11 June 2009. Redemption under the scheme will continue as per the terms of the scheme information document.

The scheme is an open ended equity fund investing in a mix of equity, equity derivatives, debt and money market instruments. The investment objective of the Fund is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price difference between cash and derivative market by investing predominantly in equity and equity related securities, derivatives and the balance option in debt securities.

IDFC Mutual Fund Modifies Auto Trigger Facility - June 13, 2009

IDFC Mutual Fund has modified Auto Trigger Facility (ATF). The following terms and conditions have been added to the ATF.

1. ATF can be availed only through fresh purchase.

2. If investor wishes to opt for ATF, no switch in shall be allowed from any other scheme to IDFC Money Manager Fund-Treasury Plan-Plan D.

3. No additional purchase in existing ATF Folio shall be allowed both under IDFC Money Manager Fund-Treasury Plan-Plan D and all equity schemes wherein the fund are switched in from IDFC Money Manager Fund-Treasury Plan-Plan D on activation of entry trigger (for this new Folio will be created).

4. Investors can opt for STP/SWP/ Redemption / SO/PEP facilities under existing ATF Folio. However, on activation of the said facilities the trigger shall cease to exist.

5. Investors can not submit request for consolidation of ATF Folio.

6. In case investors request for Lien, then the lien shall be marked and triggers shall cease to exist for respective schemes.

7. For every ATF transaction a new Folio will be created. The money switched out to equity schemes on activation of entry Trigger shall be transferred to a new folio created for equity fund.

8. In case of transmission, Trigger will cease to exist and transmit the units. Claimants will have to redeem the units and make fresh purchase if wish to opt for ATF.

Religare Mutual Fund Appoints Ashish Nigam - June 12, 2009

Religare Mutual Fund has appointed Ashish Nigam as the fund manager of Religare Liquid Fund (RLF) and Religare Ultra Short Term Fund (RUSTF) in place of Nitish Sikand. Accordingly, RLF and RUSTF will now be jointly managed by Nigam and Umesh Sharma.

Further, Nigam is also appointed as the fund manager of Religare Short Term Plan as well as Religare Active Income Fund, Religare Overnight Fund and Religare Gilt Fund, Accordingly, these schemes will now be managed jointly by Nigam and Sharma.

Ashish, age 37 years, is a science graduate and holds a MMS degree with specialization in finance from Mumbai University.

He has worked with DBS Cholamandalam asset management company as Head-Fixed Income (September 2004-March 2008). Before that he was in development credit bank (April 2002- September 2004), Mashreq Bank (January 2001-April 2002), IDBI Principal Asset Management Company (August 1999-January 2001).

Edelweiss MF Declares Surplus For Weekly Period Account - June 12, 2009

Edelweiss Mutual Fund has decided to declare dividend under dividend option of Edelweiss Quarterly Interval Fund-Series 1. The record date for the dividend is 17 June 2009. The quantum of dividend will be 100% of the available distributable surplus of the scheme on the face value of Rs 10 per unit.

The NAV for both retail and institutional plan was at Rs 10.1637 per unit and Rs 10.1642 per unit, respectively as on 10 June 2009. The specified transaction period for the scheme is 17 June 2009.

Edelweiss Quarterly Interval Fund-Series 1 is an interval income scheme. The investment objective of the scheme is to generate regular income through investments in debt and money market instruments.

Reliance Vision Fund Under Performs The Catalog - June 12, 2009

Background: Reliance Capital Limited is the sponsor of Reliance Capital Assets Management Limited set up in June 1995. Reliance Capital Limited. 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 102730.16 crore at end of May 2009.

Reliance Vision Fund (G) an open-ended equity growth scheme launched in September 1995. The primary investment objective of the scheme is to achieve long-term growth of capital by investment in equity & equity related securities 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 203.97 per unit as on 11 June 2009.

Portfolio: The total net assets of the scheme increased by Rs 826.88 crore to Rs 3521.02 crore in May 2009.

Reliance Vision Fund (G) took fresh exposure to five stocks in May 2009. The scheme has purchased 4.22 lakh units (2.61%) of Bharat Heavy Electricals, 10.00 lakh units (2.33%) of Bharti Airtel, 30.75 lakh units (2.15%) of Indiabulls Real Estate and 32.24 lakh units (1.41%) of India Cements among others.

The scheme did not exit completely from any stocks in May 2009.

Sector-wise, the scheme took fresh exposure in Construction at 2.15%, Cement-South India at 1.41% and Cigarettes at 1.36% in May 2009.

Sector-wise, the scheme did not exit completely from any sectors in May 2009.

The scheme had highest exposure to State Bank of India with 14.07 lakh units (7.47% of portfolio size) followed by Reliance Industries with 7.97 lakh units (5.16%), Divis Laboratories with 13.66 lakh units (4.48%) and ICICI Bank with 18.96 lakh units (3.99%) among others in May 2009.

It reduced its exposure from Infosys Technologies by selling 98618 units to 8.02 lakh units (by 1.39%), Hindustan Unilever by selling 7.08 lakh units to 30.01 lakh units (1.26%), Tata Consultancy Services by selling 1.99 lakh units to 16.25 lakh units (0.99%) and Indian Hotels Company by selling 36.93 lakh units to 55.77 lakh units (0.66%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Banks-Public Sector at 8.97% (from 8.22% in April 2009), followed by Computers-Software-Large at 6.88% (9.26%), Electric Equipment at 5.20% (2.36%) and Refineries at 5.16% (5.36%) among others in May 2009.

Sector wise, the scheme had reduced exposure from Computers-Software-Large to 6.88% (by 2.38%), Personal Care-Multinational to 1.97% (by 1.26%), Hotels to 1.04% (by 0.66%) and Finance-Housing to 3.22% (by 0.31%) among others in May 2009.

Performance: The performance of scheme is benchmarked against BSE 100 Index. The scheme has underperformed the benchmark index over most of the time periods.

The scheme has posted returns of 31.20% underperforming the BSE 100 Index that gained 34.45% over 1 month period ended 11 June 2009.

Over 3 months period, the scheme advanced by 74.84% underperforming the BSE 100 Index that gained 92.79%.

It rose 3.12% outperforming the benchmark index that declined by 0.01% over 1 year period.

Birla Sun Life Government Securities Fund Announces Dividend - June 11, 2009

Birla Sun Life Mutual Fund has decided to declare dividend under dividend option of Birla Sun Life Government Securities Fund-Short Term Retail Plan. The record date for the dividend is set as 15 June 2009. The fund house has planned to distribute 1.00% i.e. Rs 0.10 per unit as dividend on face value of Rs 10 per unit.

The NAV of the scheme was at Rs 10.1288 per unit as on 09 June 2009.

Birla Sun Life Government Securities Fund is an open ended gilt scheme with an objective to seek to provide investors' current income consistent with a portfolio invested 100% in securities issued by government of India or the state government and the secondary objective is capital appreciation.

Baroda Pioneer Mutual Fund Floats On Treasury Advantage - June 11, 2009

Baroda Pioneer Mutual Fund has launched Baroda Pioneer Treasury Advantage Fund. It is an open ended debt fund. The new issue will be open for subscription from 10 June to 23 June 2009. The NFO price for the fund is Rs 10 per unit. The fund will re-open on 29 June 2009.

The main objective of the scheme is to provide optimal returns and liquidity through a portfolio comprising of debt securities and money market instrument.

The Scheme will offer regular and institutional plans with dividend and growth option. Dividend option further will offer daily dividend option with reinvestment facility, Weekly dividend option, Monthly dividend option and Quarterly dividend option with payout and reinvestment facility.

The minimum investment amount under regular plan will be Rs 5000 and under institutional plan will be Rs 1 crore.

The scheme seeks to collect a minimum corpus of Rs 10 crore during NFO period.

Under normal circumstances, the scheme will invest 65%-100% in money market instruments/debt instruments with average maturity with average maturity of not greater than 1 year. (debt instrument may include securitised debt). It invests up to 35 % in the debt instruments with average maturity more than 1 year.

The scheme may invest in securitised debt upto 25% if its net asset. The scheme will invest in debt derivatives upto 50% of the net asset of the scheme.

The scheme will charge no entry load. However, the scheme will levy exit load of 0.10% on or before 3 days from the date of allotment.

The performance of the scheme is being benchmarked to the performance CRISIL Liquid Fund Index.

Hetal Shah will manage the investments under the scheme.

Franklin India Flexi Cap Fund Most Of The Time Periods - June 11, 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. 23617.96 crore at end of May 2009.

Franklin India Flexi Cap Fund (G) an open-ended equity diversified scheme launched in January 2005. The objective of the scheme is to long-term capital appreciation by investing in stocks across the entire market capitalisation range. The minimum investment amount is Rs.5000 and in multiples of Re.1000 thereafter. The unit NAV of the scheme was Rs.23.49 as on 10 June 2009.

Portfolio: The total net assets of the scheme increased by Rs.480.65 crore to Rs.2193.94 crore in May 2009.

Franklin India Flexi Cap Fund (G) took fresh exposure to eight stocks in May 2009. The scheme has purchased 20.15 lakh units (2.27%) of Federal Bank, 17.95 lakh units (1.89%) of Cairn India, 12.37 lakh units (1.49%) of Crompton Greaves, and 14.85 lakh units (1.41%) of Jaiprakash Associates among others.

The scheme exited completely from ten stocks in May 2009. It has exited from ITC by selling 19.27 lakh units (2.13%), Oil & Natural Gas Corporation by selling 3.52 lakh units (1.78%), Indian Overseas Bank by selling 19.54 lakh units (0.73%) and Mahindra & Mahindra by selling 2.43 lakh units (0.69%) among other in May 2009.

Sector-wise, the scheme took fresh exposure in Construction at 1.41%, Shipping at 1.17%, Trading at 0.46% and Textiles-Manmade at 0.30% in May 2009.

Sector-wise, the scheme exited completely from Cigarettes at 2.13%, Automobiles-Tractors at 0.69% and Pharmaceuticals-Multinational at 0.55% among others in May 2009.

The scheme had highest exposure to Reliance Industries with 8.21 lakh units (8.53% of portfolio size) followed by HDFC Bank with 10.59 lakh units (6.96%), Axis Bank with 16.93 lakh units (6.05%) and Larsen & Toubro with 7.81 lakh units (5.00%) among others in May 2009.

It reduced its exposure from Axis Bank by selling 12.91 lakh units to 16.93 lakh units (by 3.63%), Bharti Airtel by selling 4.64 lakh units to 13.16 lakh units (2.87%), Lupin by selling 1.44 lakh units to 6.80 crore units (0.86%) and Piramal Healthcare by selling 3.24 lakh units to 16.65 lakh units (0.73%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Banks-Private Sector at 19.00% (from 17.61% in April 2009), followed by Refineries at 8.86% (7.65%), Telecommunications-Service Provider at 8.15% (11.65%) and Engineering-Turnkey Services at 5.00% (3.24%) among others in May 2009.

Sector wise, the scheme had reduced exposure from Telecommunications-Service Provider to 8.15% (by 3.50%), Pharmaceuticals-Indian-Bulk Drugs to 2.59% (by 0.86%), Pharmaceuticals-Indian-Bulk Drugs & Formulation to 3.07% (by 0.72%) and Personal Care-Indian to 1.46% (by 0.66%) among others in May 2009.

Performance: The performance of scheme is benchmarked against S&P CNX 500 Equity index. The scheme has underperformed the benchmark index over most of the time periods.

The scheme has posted returns of 30.44% underperforming the S&P CNX 500 Equity index that gained 33.51% over 1 month period ended 10 June 2009. Over 3 months period, the scheme advanced by 89.02% underperforming the benchmark index that gained 89.79%. It rose 10.28% outperforming the benchmark index that gained 4.54% over 1 year period.

Religare Mutual Fund Appoints Ashish Nigam - June 10, 2009

Ashish Nigam is appointed as the fund manager of Religare Liquid Fund (RLF) and Religare Ultra Short Term Fund (RUSTF) in place of Nitish Sikand. Accordingly, RLF and RUSTF will now be managed jointly by Nigam and Umesh Sharma.

Further, Nigam is also appointed as the fund manager of Religare Short Term Plan, Religare Active Income Fund, Religare Overnight Fund and Religare Gilt Fund, Accordingly, these schemes will now be managed jointly by Nigam and Sharma.

Ashish, age 37 years, is a science graduate and holds a MMS degree with specilalization in finance from Mumbai University. He has worked with DBS Cholamandalam asset management company as Head-Fixed Income (September 2004-March 2008).

His earlier assignments includes stints with institutions like development credit bank (April 2002-September 2004), Mashreq Bank (January 2001-April 2002), IDBI Principal Asset Management Company (August 1999-January 2001) and Parag Parikh Financial Advisory Services (June 1998-August 1999).

The above changes will be effective from 11 June 2009.

IDFC Arbitrage Fund Offers Dividend- June 10, 2009

IDFC Mutual Fund has approved to declare dividend in the dividend option of IDFC Arbitrage Fund (IDFC- AF)-Plan A and Plan B. The fund house has decided to distribute Rs 0.05 per unit as dividend on the record date of 15 June 2009. The scheme recorded NAV of Rs 10.3056 per unit for plan A and Rs 10.4461 per unit for plan B as on 8 June 2009.

IDFC Arbitrage Fund was launched in November 2006. The investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and the derivative segments of the equity markets and the arbitrage opportunities available within the derivative segment and by investing the balance in debt and money market instruments

Birla Sun Life Equity Fund Under Performs The Time Periods - June 10, 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 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. 56586.024 crore at the end of May 2009.

Birla Sun Life Frontline Equity Fund (G) is an open-ended growth scheme launched in August 2002. Birla Sun Life Frontline Equity Fund is an open-end growth scheme with the objective of long-term growth of capital, through a portfolio with a target allocation of 100% equity by aiming at being as diversified across various industries and or sectors as its chosen benchmark index, BSE 200.

The secondary objective is income generation and distribution of dividend. The minimum investment amount is Rs.5000 and in multiples of Rs.1 thereafter. The unit NAV of the scheme was Rs.64.29 as on 9 June 2009.

Portfolio: The total net assets of the scheme increased by Rs.143.02 crore to Rs.624.16 crore in May 2009.

Birla Sun Life Frontline Equity Fund (G) took fresh exposure to ten stocks in May 2009. The scheme has purchased 2.51 lakh units (1.98%) of Siemens, 3.62 lakh units (1.43%) of Indiabulls Real Estate and 5.75 lakh lakh units (1.28%) of Nagarjuna Construction Company and 2.82 lakh units (0.94%) of Jaiprakash Associates among others in May 2009.

The scheme completely exited from Hindalco Industries by selling 9.82 lakh units (1.10%), Hindustan Petroleum Corporatio by selling 1.67 lakh units (0.96%), and Infrastructure Development Finance Company by selling 5.09 lakh units (0.81%) in May 2009.

Sector-wise, the scheme took fresh exposure to Trading at 0.75% in May 2009. Sector-wise, the scheme completely exited from Aluminium and Aluminium Products at 1.10% in May 2009.

The scheme had highest exposure to Reliance Industries with 1.84 lakh units (6.73% of portfolio size) followed by Bharti Airtel with 4.78 lakh units (6.29%), Infosys Technologies with 1.81 lakh units (4.67%) and Oil & Natural Gas Corporation 2.39 lakh units (4.52%) among others in May 2009.

It reduced its exposure to Larsen & Toubro by selling 1.24 lakh units to 52842 units (by 2.05%), Infosys Technologies by selling 22024 units to 1.81 lakh units (1.72%), and ITC by selling 1.03 lakh units to 8.63 lakh units (1.26%) among others in May 2009.

Sector-wise, the scheme had highest exposure to Refineries at 8.34% (10.42% in April 2009), followed by Banks-Private Sector 8.12% (9.25%), Power Generation And Supply at 7.18% (6.90%), and Computers-Software-Large at 7.05% (9.17%) among others in May 2009.

Sector wise, the scheme had reduced exposure in Computers-Software-Large to 7.05% (by 2.12%), Refineries to 8.34% (by 2.08%), Engineering-Turnkey Services to 1.19% (by 2.05%), and Cigarettes to 2.54% (by 1.26%) among others in May 2009

Performance: The performance of scheme is benchmarked against BSE 200. The scheme has underperformed the benchmark index over most of the time periods.

The scheme has posted returns of 28.89% underperforming the BSE 200 that gained 30.88% over 1 month period ended 9 June 2009.

Over 3 months period, the scheme advanced by 76.43% underperforming the benchmark index that gained 90.65%.

It rose 10.50% outperforming the benchmark index that declined by 1.75% over 1 year period.

Bharti AXA MF Introduces Various Options Under BALF - June 09, 2009

Bharti AXA Mutual Fund has introduce daily dividend reinvestment option under regular plan in Bharti AXA Liquid Fund (BALF) and Bharti AXA Treasury Advantage Fund (BATrAF) and dividend transfer option and liquidity facility in all plans in all plans of BALF and BATrF, with effect from 12 June 2009.

Introduction of daily reinvestment option In dividend reinvestment option under the regular BALF and BATrF, a daily frequency in dividend declaration is being introduced. The minimum application/additional amount under the above shall be the same as applicable to other options under the regular plan of above schemes.

The introductory price of the units shall be at a face value i.e. Rs 1000, and thereafter at the applicable NAV.

Introduction of dividend transfer option and liq-uity facility:

The fund house is introducing a new dividend option, being dividend transfer option with daily dividend frequency, in all the plans of BALF and BATrF. The facility is termed as Liq-uity (facility)

Under the facility the unitholders will be able to give instructions to transfer the amount of dividends, declared in BALF/BATrF under the new option, for investment in Bharti AXA equity Fund (BAEF) or in any other scheme of the mutual fund as may be decided by the AMC from time to time.

Accordingly, the dividend due to the unitholders will be compulsorily and without any further act by him, be transferred for investment into BAEF, and units towards the dividend amount will be allotted in BAEF at the Applicable NAV.

The dividend so transferred for investment into BAEF can be invested in either ECO Plan or Regulr Plan of BAEF and option available payment of dividend to the unitholders BALF/BATrF.

Minimum Application Amount: For the new investors in BALF/BATrF availing the facility, the minimum application amount is as follows:

Bharti AXA Liquid Fund: Regular Plan-Rs 10 lakh and , Institutional Plan-Rs 1 crore and Super Instituional Plan – Rs 25 crore and in multiples of Re 1 thereafter.

Bharti AXA Treasury Advantage Fund: Regular Plan -Rs 10 lakh, Institutional Plan – Rs 1 crore and in multiples of Re 1 thereafter.

Load Structure: For investors investing in BAEF through this facility, the following load structure shall apply in respect of both ECO and Regular Plan of Bharati AXA Equity Fund (BAEF):

Entry Load: Nil, Exit Load: 1%, if redeemed within 6 months from the date of allotment.