Monday, August 3, 2009
Saturday, August 1, 2009
Sahara Mutual Fund Revises Shipment Structure - August 01, 2009
Sahara Mutual Fund has decided to revise the entry and exit load structure of various schemes of the fund house, with effect from 1 August 2009. Entry Load: Entry load for all existing open ended schemes of the fund house shall be Nil.
Exit Load: The fund house has revised the entry load for Sahara Growth Fund, Sahara Infrastructure Fund, Sahara Wealth Plus Fund, Sahara Power & Natural Resources Fund, Sahara Tax Gain Fund, Sahara Banking and Financial Services Fund, Sahara Midcap Fund, Sahara super 20 Fund (post unit allotment).
An exit load of 1% will be charged, if redeemed on or before 36 months and the entry load will be nil, if redeemed after 36 months.
Out of the exit load, contingent deferred sales charge (CDSC) up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes/plans in a separate account and will be utilized for payment of commissions and to meet other marketing and selling expenses.
Any amount in excess of 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme/plan immediately.
Exit Load: The fund house has revised the entry load for Sahara Growth Fund, Sahara Infrastructure Fund, Sahara Wealth Plus Fund, Sahara Power & Natural Resources Fund, Sahara Tax Gain Fund, Sahara Banking and Financial Services Fund, Sahara Midcap Fund, Sahara super 20 Fund (post unit allotment).
An exit load of 1% will be charged, if redeemed on or before 36 months and the entry load will be nil, if redeemed after 36 months.
Out of the exit load, contingent deferred sales charge (CDSC) up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes/plans in a separate account and will be utilized for payment of commissions and to meet other marketing and selling expenses.
Any amount in excess of 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme/plan immediately.
LIC Mutual Fund Modify Mountain Structure - August 01, 2009
LIC Mutual Fund has decided to revise the entry and exit load structure of all the schemes of the fund house, with effect from 1 August 2009. Entry Load: Accordingly, no entry load will be charged for purchase/additional purchase/switch-in accepted by the fund. Similarly, no entry load will be charged with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors including services rendered by the ARN Holder.
Exit Load: The scheme will charge an exit load up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes/plans in a separate account and will be utilized for payment of commissions to the ARN holders and meet other marketing and selling expenses.
Any amount in excess of 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme immediately.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors including services rendered by the ARN Holder.
Exit Load: The scheme will charge an exit load up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes/plans in a separate account and will be utilized for payment of commissions to the ARN holders and meet other marketing and selling expenses.
Any amount in excess of 1% of the redemption value charged to the unit holder as exit load shall be credited to the respective scheme immediately.
Edelweiss Mutual Fund Announces Change In Load Structure - August 01, 2009
Edelweiss Mutual Fund has announced change in exit and entry load for its new Plan A, Plan B and Plan C in Edelweiss Nifty Enhancer Fund, with effect from 1 August 2009. Entry Load: The entry load will be nil for Plan A, Plan B and Plan C. Exit Load: For Plan A, an exit load of 1.00% will be charged upto 365 days, from 365 days upto 1095 days, the exit load charge will be 0.75% and the exit load will be nil for 1096 days and above.
For Plan B, an exit load of 1.00% will be charged upto 180 days, from 181days upto 365 days, the exit load charge will be 0.50% and the exit load will be nil for 365 days and above.
For Plan C, an exit load of 1.00% will be charged upto 180 days, from 181days upto 365 days, the exit load charge will be 0.75%, from 366 days upto 545 days, the exit load charge will be 0.50%, from 546 days upto 730 days, the exit load charge will be 0.25% and nil for 366 days and above.
Expiry day trigger load: For Plan A, 0.50% will be charged upto 1095 days and the charge will be nil for 1096 days and above.
For Plan B, 0.50% will be charged upto 180 days and the charge will be nil for 181 days and above.
For Plan C, 0.50% will be charged upto 365 days and the charge will be nil for 366 days and above.
For Plan B, an exit load of 1.00% will be charged upto 180 days, from 181days upto 365 days, the exit load charge will be 0.50% and the exit load will be nil for 365 days and above.
For Plan C, an exit load of 1.00% will be charged upto 180 days, from 181days upto 365 days, the exit load charge will be 0.75%, from 366 days upto 545 days, the exit load charge will be 0.50%, from 546 days upto 730 days, the exit load charge will be 0.25% and nil for 366 days and above.
Expiry day trigger load: For Plan A, 0.50% will be charged upto 1095 days and the charge will be nil for 1096 days and above.
For Plan B, 0.50% will be charged upto 180 days and the charge will be nil for 181 days and above.
For Plan C, 0.50% will be charged upto 365 days and the charge will be nil for 366 days and above.
Friday, July 31, 2009
Taurus Mutual Fund Improve Consignment Composition - July 31, 2009
Taurus MF Mutual Fund has decided to revise the entry as well as exit load structure of all the schemes of the fund house effective from August 1, 2009. Accordingly, there will be no entry load charged for purchase/additional purchase/switch-in accepted by the fund. Similarly, there will be no entry load charged with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors including services rendered by the ARN Holder.
However, there will be no exit load up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes/plans in a separate account and will be utilized for commissions' payment to the ARN holders and meet other marketing as well as selling expenses.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors including services rendered by the ARN Holder.
However, there will be no exit load up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes/plans in a separate account and will be utilized for commissions' payment to the ARN holders and meet other marketing as well as selling expenses.
Fortis Mutual Fund Revises Load Structure - July 31, 2009
Fortis MF Mutual fund has decided to revise the entry as well as exit load structure of all the schemes of the fund house effective from August 1, 2009. Accordingly, there will be no entry load for purchase/additional purchase/switch-in accepted by the fund.
Similarly, there will be no entry load charged with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors.
However, there will be an exit load up to 1% of the redemption value changed to the unit holder by the fund on units' redemption shall be retained by each of the schemes/plans in a separate account and will be utilized for commissions' payment to the ARN holders and meet other marketing as well as selling expenses.
Similarly, there will be no entry load charged with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors.
However, there will be an exit load up to 1% of the redemption value changed to the unit holder by the fund on units' redemption shall be retained by each of the schemes/plans in a separate account and will be utilized for commissions' payment to the ARN holders and meet other marketing as well as selling expenses.
JM Equity Fund Outperforms The Over Three Months Time Period - July 31, 2009
Background: JM Financial Mutual Fund is one of India's first private sector mutual funds-an, integral parts of the first wave that commenced operations in 1993-94. JM Financial Asset Management Private Limited, the Asset Management Company of JM Financial Mutual Fund, is not a part of this joint venture.
Sponsored by J.M. Financial and Investment Consultancy Services Pvt. Ltd., and co-sponsored by JM Financial Limited. JM Financial Asset Management Private Limited started operations in December 1994 with a simultaneous launch of three funds- JM Liquid Fund (now JM Income Fund), JM Equity Fund, and JM balanced Fund.
Today, JM Financial Mutual Fund offers a bouquet of funds that caters to the diverse needs of both its institutional and individual investors.
The fund house manages assets worth Rs 7770.86 crore at the end of June 2009. JM Equity Fund (G) an open-ended equity scheme launched in December 1994.
The objective of the scheme is to provide Optimum Capital growth and appreciation. The minimum investment amount is Rs.1000 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs 32.86 per unit as on 30 July 2009.
Portfolio: The total net assets of the scheme decreased by Rs 1.11 crore to Rs 51.81 crore in June 2009.
JM Equity Fund (G) took fresh exposure to one stock in June 2009. The scheme has purchased 70186 units (2.58%) of ITC.
The scheme exited completely from Punjab National Bank by selling 23672 units (3.00%) and GVK Power & Infrastructure by selling 3.01 lakh units (2.60%) in June 2009.
Sector-wise, the scheme took fresh exposure to Cigarattes at 2.58% in June 2009. Sector-wise, the scheme did not exit completely from any sector in June 2009.
The scheme had highest exposure to Reliance Infrastructure with 34352 units (10.72% of portfolio size) followed by IVRCL Infrastructure & Projects with 1.08 lakh units (7.21%), Bharti Airtel with 34751 units (5.38%) and Bombay Rayon Fashions with 1.49 lakh units (5.33%) among others in June 2009.
It reduced its exposure from State Bank of India by selling 12481 units to 12520 units (by 4.62%), Canara Bank by selling 49957 units to 49944 units (2.83%), Bombay Rayon Fashions by selling 346 units to 1.49 lakh units (1.08%) and Reliance Infrastructure to 34352 units (0.32%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Telecommunications-Service Provider at 13.39% (from 12.75% in May 2009), followed by Power Generation & Supply at 10.87% (13.87%), Banks-Public Sector at 9.60% (20.26%) and Sugar at 8.14% (7.48%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Banks-Public Sector to 9.60% (by 10.66%), Power Generation and Supply to 10.87% (by 3.00%), Textiles-Products to 5.33% (by 1.08%) and Oil Drilling/Allied Services to 3.71% (by 0.27%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over three months and six months time period, it underperformed the benchmark index over one month and 1 year time period.
The scheme has posted returns of 3.72% underperformed the BSE Sensex that increased by 6.17% over 1 month period ended 30 July 2009.
Over 3 months period, the scheme advanced by 40.33% outperformed the BSE Sensex that gained 39.64%. It fell by 3.92% underperformed the benchmark index that was up by 7.70% over 1 year period.
Sponsored by J.M. Financial and Investment Consultancy Services Pvt. Ltd., and co-sponsored by JM Financial Limited. JM Financial Asset Management Private Limited started operations in December 1994 with a simultaneous launch of three funds- JM Liquid Fund (now JM Income Fund), JM Equity Fund, and JM balanced Fund.
Today, JM Financial Mutual Fund offers a bouquet of funds that caters to the diverse needs of both its institutional and individual investors.
The fund house manages assets worth Rs 7770.86 crore at the end of June 2009. JM Equity Fund (G) an open-ended equity scheme launched in December 1994.
The objective of the scheme is to provide Optimum Capital growth and appreciation. The minimum investment amount is Rs.1000 and in multiples of Rs.500 thereafter. The unit NAV of the scheme was Rs 32.86 per unit as on 30 July 2009.
Portfolio: The total net assets of the scheme decreased by Rs 1.11 crore to Rs 51.81 crore in June 2009.
JM Equity Fund (G) took fresh exposure to one stock in June 2009. The scheme has purchased 70186 units (2.58%) of ITC.
The scheme exited completely from Punjab National Bank by selling 23672 units (3.00%) and GVK Power & Infrastructure by selling 3.01 lakh units (2.60%) in June 2009.
Sector-wise, the scheme took fresh exposure to Cigarattes at 2.58% in June 2009. Sector-wise, the scheme did not exit completely from any sector in June 2009.
The scheme had highest exposure to Reliance Infrastructure with 34352 units (10.72% of portfolio size) followed by IVRCL Infrastructure & Projects with 1.08 lakh units (7.21%), Bharti Airtel with 34751 units (5.38%) and Bombay Rayon Fashions with 1.49 lakh units (5.33%) among others in June 2009.
It reduced its exposure from State Bank of India by selling 12481 units to 12520 units (by 4.62%), Canara Bank by selling 49957 units to 49944 units (2.83%), Bombay Rayon Fashions by selling 346 units to 1.49 lakh units (1.08%) and Reliance Infrastructure to 34352 units (0.32%) among others in June 2009.
Sector-wise, the scheme had highest exposure to Telecommunications-Service Provider at 13.39% (from 12.75% in May 2009), followed by Power Generation & Supply at 10.87% (13.87%), Banks-Public Sector at 9.60% (20.26%) and Sugar at 8.14% (7.48%) among others in June 2009.
Sector wise, the scheme had reduced exposure from Banks-Public Sector to 9.60% (by 10.66%), Power Generation and Supply to 10.87% (by 3.00%), Textiles-Products to 5.33% (by 1.08%) and Oil Drilling/Allied Services to 3.71% (by 0.27%) among others in June 2009.
Performance: The performance of scheme is benchmarked against BSE Sensex. The scheme has outperformed the benchmark index over three months and six months time period, it underperformed the benchmark index over one month and 1 year time period.
The scheme has posted returns of 3.72% underperformed the BSE Sensex that increased by 6.17% over 1 month period ended 30 July 2009.
Over 3 months period, the scheme advanced by 40.33% outperformed the BSE Sensex that gained 39.64%. It fell by 3.92% underperformed the benchmark index that was up by 7.70% over 1 year period.
Thursday, July 30, 2009
Bharti AXA Mutual Fund Improve Consignment Structure - July 30, 2009
Bharti AXA Mutual fund has decided to revise the entry as well as exit load structure of all the schemes of the fund house effective from August 1, 2009. Accordingly, there will be no entry load to be charged for purchase/additional purchase/switch-in accepted by the fund. Similarly, there will be no entry load with respect to applications for registrations under systematic investment plans/systematic transfer plans accepted by the fund.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors including services rendered by the ARN Holder.
However, the scheme will charge an exit load up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for commissions' payment to the ARN holders and meet other marketing as well as selling expenses.
The upfront commission on investment made by the investor, if any, shall be paid to the ARN Holder directly by the investor, based on the investor's assessment of various factors including services rendered by the ARN Holder.
However, the scheme will charge an exit load up to 1% of the redemption value changed to the unit holder by the fund on redemption of units shall be retained by each of the schemes in a separate account and will be utilized for commissions' payment to the ARN holders and meet other marketing as well as selling expenses.
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