Mar 27, 2008

Thoughts from the Markets - Week ending March 26th 2008

DSP ML Natural Resources extends NFO period

DSPML Mutual Fund has extended the NFO period of DSPML Natural Resources New Energy Fund till March 31, 2008.

 

Canara Robeco Equity Tax Saver declares 30% dividend

Canara Robeco Equity Tax Saver has announced a dividend of 30% for which the record date has been fixed as March 28, 2008.

 

Magnum Emerg. Businesses declares 25% dividend

SBI Mutual Fund has announced a dividend of 25% in its Magnum Sector Fund Umbrella – Emerging Businesses Fund, for which the record date has been fixed as March 28, 2008.

 

UTI Nifty Index Fund declares maiden dividend

UTI Nifty Index Fund has announced a maiden dividend of 90%, for which the record date has been fixed as March 25, 2008.

 

Sahara Tax Gain Fund declares 75% dividend

Sahara Mutual Fund has announced a dividend of 75% in Sahara Tax Gain Fund for which the record date has been fixed as March 29, 2008.

 

UTI Balanced Fund declares 22.5% dividend

UTI Balanced Fund has declared a dividend of 22.5%, for which the record date is March 28, 2008.

 

MF NAVs advance sharply on strong market cues

Equity diversified NAVs have bounced back with strong gain and positive advance:decline ratio of 170. It was a day of absolute strength for the markets as they closed near the high point of the day breaching some important psychological levels.

 

UTI Mutual Fund opens 4 New Financial Centres

UTI Mutual Fund announces opening of 4 new UTI Financial Centres (UFCs) at various centres viz. Jabalpur, Gurgaon, Aligarh and Bareilly.

 

MF NAVs close with negative returns

Equity diversified NAVs closed lower with negative advance:decline ratio of 40:136. The benchmark indices ended on a positive note but the midcap and smallcap index closed in red. Breadth was negative and the advance:decline was at 1:6. BSE Midcap and smallcap index were down over 3.5%.

 

AMRO Opportunities Fund declares dividend of 40%

ABN AMRO Mutual Fund has announced a dividend of 40% in ABN AMRO Opportunities Fund, for which the record date has been fixed as March 25, 2008.

 

Sundaram Tax Saver Fund declares 15% dividend

Sundaram BNP Paribas Mutual Fund has announced a dividend of 15% in its Sundaram BNP Paribas Tax Saver for which the record date has been fixed as March 28, 2008.

 

ICICI Pru Infrastructure declares 30% dividends

ICICI Pru Infrastructure Fund has declared a dividend of 30%, for which the record date is March 28, 2008.

 

DSP ML Opportunities Fund declares 40% dividend

DSP ML Opportunities Fund has declared a dividend of 40%, for which the record date is March 28, 2008.

 

Principal Personal Taxsaver Fund declares 400% dividend

Principal Personal Taxsaver Fund has announced a dividend of 400%, for which the record date has been fixed as March 25, 2008.

 

Birla Equity Plan declares 60% dividend

Birla Equity Plan has announced a dividend of 60%, for which the record date has been fixed as March 28, 2008.

 

Birla Sun Life Tax Relief 96 declares 200% dividend

Birla Sun Life Tax Relief 96 has announced a dividend of 200, for which the record date has been fixed as March 25, 2008.

 

ICICI Pru Fusion Fund Series III debuts at Rs 9.75

ICICI Prudential Fusion Fund SeriesIII has debuted at Rs 9.75 per unit as against a face value of Rs 10 per unit.

 

StanChart Small Midcap Equity debuts at Rs 9.6783

Standard Chartered Small Midcap Equity Fund has debuted at Rs 9.6783 per unit as against a face value of Rs 10 per unit.

 

HDFC Infrastructure Fund debuts at Rs 9.159

HDFC Infrastructure Fund has debuted at Rs 9.159 per unit as against a face value of Rs 10 per unit.

 

Birla Infrastructure Fund declares maiden dividend

Birla Infrastructure Fund has declared a dividend of 10%, for which the record date is March 24, 2008.

 

MF NAVs end in the red though markets gain

Equity diversified NAVs ended with negative returns with advance:decline ratio of 91:113 as midcaps and smallcaps index closed weak. The markets closed in the green with moderate gain after a gap up opening on the back of strong cues from Asia and the US.

 

HSBC (I) Oppor, Midcap Fund declares dividend

HSBC Mutual Fund has announced dividends in HSBC India Opportunities Fund and HSBC Mid Cap Equity Fund, for which the record date is March 24, 2008.

 

Reliance MF declares dividend in 3 equity funds

Reliance Mutual Fund has announced dividends Reliance Growth Fund, Reliance Pharma Fund and Reliance Equity Opportunities FundRetail Plan, for which the record date has been fixed as March 19, 2008.

 

Kotak Balance declares 40% dividend

Kotak Balance has declared a dividend of 40%, for which the record date ihas been fixed as March 25 2008.

 

Reliance Index Fund to be rechristened as Quant Fund

Reliance Mutual Fund announced changes in the features of Reliance Index Fund w.e.f. April 18, 2008.

 

MF NAVs close with negative returns

Equity diversified NAVs have lost its earlier gain and closed lower with advance:decline ratio of 27:172 as markets ended flat amid a highly volatile session. The Sensex closed up 23.97 points or 0.16% at 14833.46, and the Nifty up 29.90 points or 0.66% at 4533.00.

 

MF NAVs decline sharply as markets plunge

Equity diversified NAVs ended with sharp decline and with negative advance:decline of 200 as the markets ended near the lowest point of the day with a sharp cut on account of heavy selling in scrips across sectors.

 

MF NAVs end on strong note as markets gain

Equity diversified NAVs ended on strong note with positive advance:decline ratio of 187:11 as the markets ended higher near the day\'s high amid a volatile session. Frontliners have outperformed the broader markets. The Sensex closed up 403.17 points or 2.63% at 15760.52, and the Nifty up 122.20 points or 2.64% at 4745.80.

 

Track record holds more weight than fund house

Track records probably hold more weight than the name of the house. This was aptly demonstrated by the recent collection figures from mutual funds. Sources said that Morgan Stanley A.C.E has collected less than Rs 100 crore during NFO.

 

MF NAVs end with sharp cut on weak markets cues - Mar 14, 2008 5:50 PM

Equity diversified NAVs declined sharply with negative advance:decline ratio of 201 as it was an extremely dark day for markets with Sensex breaching the January lows of 15332. Sensex closed down 770.63 points or 4.78% at 15357.35, and the Nifty down 248.40 points or 5.10% at 4623.60.

 

Lotus India AGILE Tax Fund debuts at Rs 8.89 - Mar 14, 2008 5:50 PM

Lotus India AGILE Tax Fund has debuted at Rs 8.89 per unit as against a face value of Rs 10 per unit.

 

JM Core 11 Fund debuts at Rs 9.3601

JM Core 11 Fund Series 1debuts has debuted at Rs 9.3601 per unit as against a face value of Rs 10 per unit.

 

MF NAVs decline as markets end flat

Equity diversified NAVs declined with a negative advance:decline ratio of 30:176 though the markets ended flat after trading in green for major part of the day.

 

MF NAVs close on a strong note

Equity diversified NAVs closed on a strong note with advance:decline ratio of 200:2 as the markets ended in green with moderate gains. The broader markets outperformed the benchmark indices giving markets positive breadth.

 

Fidelity MF declares dividend in 2 equity schemes

Fidelity Fund Management has announced dividends in the Fidelity Equity Fund and the Fidelity Tax Advantage Fund, for which the record date has been fixed as March 13, 2008

 

Kotak Opportunities Fund declares 20% dividend

Kotak Opportunities Fund has declared a dividend of 20%, for which the record date is March 14, 2008.

 

DBS Chola Opportunities Fund declares 75% dividend - Mar 14, 2008 5:50 PM

DBS Chola Opportunities Fund has announced a dividend of 75%, for which the record date has been fixed as March 14, 2008.

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