12 Apr 2008 | 12:12 ICICI Prudential MF files offer document

Name of Fund: ICICI Prudential Fixed Maturity Plan Series 44

Scheme: It is a close-ended debt fund. ICICI Prudential Fixed Maturity Plan Series 44 offers following series with different maturities: One Month Plan B, One Month Plan C, One Month Plan D, Three Months Plan A, Three Months Plan B, Three Months Plan C, Three Months Plan D, Three Months Plan E, One Year Plan A, One Year Plan B, One Year Plan C, One Year Plan D, Fifteen Months Plan and Eighteen Months Plan.

Face Value: Rs. 10 per unit.

Investment Option: Presently, there are three options available under each Plan of the Scheme i.e. Institutional Option I, Institutional Option and Retail Option. Cumulative and Dividend sub-options will be available under the Scheme. Dividend Payout is the only facility available under Dividend sub-option. Retail option shall be the default option; Dividend Payout is the default sub-option under all One Month and Three months Plans. Cumulative sub-option shall be default sub option under all One-year plans, Fifteen Months Plan and Eighteen Months Plan.

Minimum Investment Amount: The minimum application amount under retail plan is Rs. 5000 and in multiple of Re 1 thereafter. Under institutional option, the minimum application amount is Rs 1 crore and in multiples of Re 1 thereafter. Minimum investment amount for institutional option I is Rs 10 crore and in multiples of Re 1 thereafter.

Objective: The objective of the fund is to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the plans under the scheme.

Entry Load: Being a close-ended scheme; investors can subscribe to the units of the Plans under the Scheme during the New Fund offer period only.

Exit Load: The scheme charges an exit load as follows:

Plan(s)	Exit Load
One Month Plan A, One Month Plan B, One Month Plan C, One Month Plan D, Three Months Plan A, Three Months Plan B, Three Months Plan C, Three Months Plan D and Three Months Plan E	1%
One Year Plan A, One Year Plan B, One Year Plan C, One Year Plan D, Fifteen Months Plan and Eighteen Months Plan	2%

Asset Allocation: The scheme will invest up to 100% in money market instruments, short-term and medium term debt securities/debt instruments, and securitised debt. The investment in securitised debt will be up to 50% of the net assets and derivatives instruments to the extent of 50% of the net asset of the scheme. The investments in central and state government securities will be in normal circumstances limited to 50% of the net assets of the plan.

Benchmark Index: For all the plans under ICICI Prudential Fixed Maturity Plan - Series 44, the performance of the plans will be benchmarked as under:

Plan(s)	Benchmark
One Month Plan A, One Month Plan B, One Month Plan C, One Month Plan D, Three Months Plan A, Three Months Plan B, Three Months Plan C, Three Months Plan D and Three Months Plan E	CRISIL Liquid Fund Index
One Year Plan A, One Year Plan B, One Year Plan C, One Year Plan D, Fifteen Months Plan and Eighteen Months Plan	CRISIL Short Term Bond Fund Index

Fund Manager: Mr. Chaitanya Pande

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HDFC MF revises load structure

12 Apr 2008 | 10:47 HDFC MF revises load structure
HDFC mutual fund has revised load structure in the minimum application amount in the HDFC Floating Rate Income Fund-Long Term Plan. The changes will be effective from 16 April 2008.

The details are as follows:

Particulars	Existing provision	Revised provision
Entry load	Direct applications and applications routed through agent/distributor/broker: Nil	No change
Exit load	In respect of each purchase/switch-in of units, up to and including Rs 10 lakh in value, an exit load of 0.50% is payable if units are redeemed/switched-out within 6 months from the date of allotment.	No change
	In respect of each purchase/switch-in of units greater than Rs 10 lakh in value, no exit load is payable.	In respect of each purchase/switch-in of units greater than Rs 10 lakh in value, an exit load of 1.00% is payable if units are redeemed/switched-out within 6 months from the date of allotment.

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Mutual Funds News - 12 April 2008

12 Apr 2008 | 09:51

Principle Pnb MF declares dividend under FMP Series

The Principle Pnb mutual fund has announced the declaration of dividend under dividend option of Principle Pnb Fixed Maturity Plan-385 Days-Series IV. The record date for dividend will be 16 April 2008. The AMC plans to distribute entire appreciation in the NAV of dividend option between 29 March 2007 to 16 April 2008 as dividend. The NAV of the scheme was recorded at Rs 11.1076 as on 10 April 2008.

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

12 Apr 2008 | 10:00

Birla Sun Life MF declares dividend

Birla Sun Life Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit for Birla Fixed Term Plan-Series S. The fund house has decided to distribute 100% of surplus available under option as on record date. The record date is set as 16 April 2008.

The NAV for the scheme under retail plan was Rs. 11.0897 and that of under institutional plan was Rs 11.1374 as on 10 April 2008.

Birla Fixed Term Plan-Series S is a close-ended income fund that seeks to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of scheme

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Lotus India MF files an offer document

12 Apr 2008 | 12:06

Lotus India MF files an offer document

Name of Fund: Lotus India Fixed Maturity Plan - 375 Days Series IX to XI

Scheme: These are close-ended debt schemes. They will have maturity of 375 days from the date of allotment of the scheme.

Objective: The objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

Asset Allocation: The fund will invest 0%-85% in money market instruments including reverse repo. The investment in government securities issued by the central government and/or state government(s) will be 0%-50%. The fund will invest 15%-100% debt instruments such as bonds and debentures. The investment in securitised debt will be up to 50%. The investment in fixed income derivatives will be up to 50% of the net assets of the scheme.

Face Value: Rs 10

Investment Options: Lotus India Fixed Maturity Plan - 375 Days - Series IX to XI offers two plans i.e. regular and institutional. Both plans offer two options i.e. dividend reinvestment and growth.

Entry Load: There will no entry load charged for schemes, as they are close-ended funds.

Exit Load: The scheme charges an exit load of 2%, if the investment is redeemed before maturity. Whereas there will be no exit load charged on the redemption made on maturity.

Minimum Investment Amount: Minimum investment under the scheme is Rs 5,000 and in multiples of Re 1 thereafter. For institutional plan, the minimum investment amount is Rs 50 lakh and in multiples of Re 1 thereafter.

Minimum subscription amount: Rs 1 crore

Benchmark Index: CRISIL Short Term Bond Fund Index.

Fund Manager: Mr. Umesh Sharma.

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Birla Sun Life MF files an offer document

12 Apr 2008 | 11:38

Birla Sun Life MF files an offer document

Name of Fund: Birla Sun Life Equity Linked Plan

Scheme: It is a close-ended structured scheme. The scheme will comprise of four series from A to D having maturity ranging from 18 months to 36 months.

Objective: The scheme seeks to invest in short and medium term debt instruments with fixed and/or floating payouts linked to equity indices/ equity schemes. The scheme may also undertake to invest in short and medium term derivative contracts.

Asset Allocation: The fund will invest 70%-100% in debt instruments, money market instruments. It will have investment of 0-30% in derivative options. Derivative instruments linked to equity indices/ equity schemes should be up to 100% of the net assets.

Premium that may be paid for buying options would be reckoned for the purposes of the specified limits under normal circumstances; the scheme will invest in above instruments in line with its duration. The investments in securitised debt papers may be made up to 50% of the net assets of the scheme. The scheme may invest in foreign securities up to 100% of its Net Assets.

The fund manager will apply following limits, for stock lending: Not more than 20% of the net assets of the scheme can generally be deployed in stock lending and not more than 5% of the net assets of the scheme can generally be deployed in stock lending to any single counter party.

Face Value: Rs 10

Investment Options: The scheme will have retail plan and institutional plan with a common portfolio. Each plan under the scheme will further have dividend and growth options. Further, dividend option shall have payout and reinvestment facility.

Entry Load:

Under retail plan: The scheme will charge 2.25% an entry load for purchase / switch-in of units less than Rs. 5 crores in value. No entry load will be charged for the purchase / switch-in of units equal to greater than Rs. 5 crores in value.

Under institutional plan: It may not ask for any entry load.

Exit Load: It is proposed to charge an exit load of 2% if units purchased on or before 365th day from the date of allotment. It levies 1% an exit load if units repurchased after 365 days from the date of allotment but before maturity date. There will be no exit load charged on the redemption made on the day of maturity.

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

Minimum subscription amount: Rs 10 lakh

Benchmark Index: CRISIL Balanced Fund Index

Fund Manager: Mr. Prasad Dhonde would be the designated Fund Manager of the scheme. Mr. Vineet Maloo shall be the dedicated Fund Manager for investments in Foreign Securities.

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HDFC MF launches another FMP under Series VII

12 Apr 2008 | 10:14

HDFC MF launches another FMP under Series VII

Name of fund: HDFC Fixed Maturity Plan 18 Months April 2008.

Scheme: The scheme is of close-ended income nature.

Objective: The investment objective of the fund is to generate regular income through investments in debt, money market instruments, and government securities.

Options: Both HDFC Fixed Maturity Plans 18 Months April 2008 offers wholesale plan and retail plan with growth and dividend option.

The Minimum Investment Amount:

Under retail Plan: Rs. 5,000 and in multiples of Re. 1 thereafter per application

Under wholesale Plan: Rs. 1 crore and in multiples of Re. 1 thereafter per application

Asset allocation:

Debt securities and money market instruments: 60-100%

Government securities: 0- 40%

Securitised debt: Up to 75% of net assets of plan

Snapshot

Offer opens: 16 April 2008

Offer closes: 21 April 2008

Face value: Rs 10

Entry load: Nil

Exit load: HDFC Fixed Maturity Plan 18 Months April 2008 may charge an 2.00% an exit load if the units are redeemed or switched out before maturity.

Benchmark Index: Crisil Liquid Fund Index

Fund Manager: Mr. Shobhit Mehrotra.

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HDFC MF launches 181D April plan under HDFC FMP -Series VII

12 Apr 2008 | 10:11

HDFC MF launches 181D April plan under HDFC FMP -Series VII

Name of fund: HDFC Fixed Maturity Plan 181 Days April 2008.

Scheme: The scheme is of close-ended income nature.

Objective: The investment objective of the fund is to generate regular income through investments in debt, money market instruments, and government securities.

Options: Both HDFC Fixed Maturity Plans 181 Days April 2008 offers wholesale plan and retail plan with growth and dividend option.

The Minimum Investment Amount:

Under retail Plan: Rs. 5,000 and in multiples of Re. 1 thereafter per application

Under wholesale Plan: Rs. 1 crore and in multiples of Re. 1 thereafter per application

Asset allocation:

Debt securities and money market instruments: 60-100%

Government securities: 0- 40%

Securitised debt: Up to 75% of net assets of plan

Snapshot

Offer opens: 16 April 2008

Offer closes: 21 April 2008

Face value: Rs 10

Entry load: Nil

Exit load: HDFC Fixed Maturity Plan 181 Days April 2008 may charge an 0.75% an exit load if the units are redeemed or switched out before maturity.

Benchmark Index: Crisil Liquid Fund Index

Fund Manager: Mr. Shobhit Mehrotra.

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