Mutual Funds News 18 April 2008

18 Apr 2008 | 10:30

HSBC MF declares dividend

HSBC Mutual Fund has announced 23 April 2008 as the record date for declaration of dividend under dividend option of HSBC Fixed Term Series 25.

The AMC has approved to offer dividend under both regular and institutional plan. The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme was Rs. 10.0800 and that of under institutional plan is Rs 10.0777 as on 16 April 2008.

HSBC Fixed Term Series 25 is a close-ended income scheme seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of the pan.

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

18 Apr 2008 | 15:07

Tata MF declares dividend

Tata Mutual Fund has announced the declaration of dividend under periodic dividend option for Tata Fixed Income Portfolio Fund-Scheme C2. The record date is set as 23 April 2008.

The AMC decided to distribute up to 100% of the net distributable surplus available as on record date as a dividend. The NAV for the scheme under regular investment plan (half yearly) was Rs.10.2886 as on 16 April 2008.

Tata Fixed Income Portfolio Fund-Scheme C2 is a close-ended debt scheme launched in November 2007. The objective of the scheme is to generate regular income and / or capital appreciation by investing in wide range of debt and money market instruments.

18 Apr 2008 | 15:12

ICICI MF declares dividend under FMP

ICICI Mutual Fund has announced 23 April 2008 as the record date for declaration of dividend under dividend option of ICICI Prudential Fixed Maturity Plan-Series 35- One Year Plan.

The fund house has decided to distribute 100% of surplus available as on record date. The NAV for the scheme under retail plan was Rs. 11.0210 and that of under institutional plan was Rs 11.0539 as on 16 April 2008.

ICICI Prudential Fixed Maturity Plan-Series Series 35- One Year Plan is a close-ended debt scheme. The investment objective of the scheme is to seek 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 plan.

The scheme charges 2% an exit load for redemptions made during repurchase facility period. Redemption on maturity, it may not ask for exit load.

18 Apr 2008 | 15:17

Standard Chartered MF declares dividend

Standard Chartered Mutual Fund has announced 23 April 2008 as the record date for declaration of dividend under dividend option of Standard Chartered Fixed Maturity Plan -Yearly Series 7. The AMC plans to distribute entire appreciation in the NAV of dividend option since inception till 23 April 2008 as dividend.

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

18 Apr 2008 | 15:28

Canbank MF declares dividend

Canbank Mutual Fund has announced 22 April 2008 as the record date for declaration of dividend under dividend option of Canara Robeco Interval Scheme-Quarterly Interval Fund.

The AMC declared dividend of 100% i.e. Rs 10 per unit on the face value of Rs 10 under dividend option in Canara Robeco Interval Scheme-Quarterly Interval Fund. The NAV of the scheme under both retail and institutional plan was Rs 10.2134 as on 16 April 2008.

The investment objective of the scheme is to generate returns and growth of capital by investing in Central and State Government Securities and other fixed income/ debt securities normally maturing within the maturity of interval plan to insulate the portfolio from interest rate volatility.

18 Apr 2008 | 15:43

Deutsche MF raises Rs.182 crore through its FTF

Deutsche Mutual Fund has collected Rs 182 crores via DWS Fixed Term Fund- Series 48 during their initial offer period from 24 March to 15 April 2008. It is a close-ended income scheme with plan tenure of 12 months.

The objective of the scheme is to generate regular income by investing in fixed income securities and money market instruments, usually maturing in line with the time profile of the fund.

The investors will have the choice of two plans viz. regular plan and institutional plan. Each plan offers sub-option of growth and dividend. The dividend option offers sub option of dividend payout.

The fund will invest up to 100% in domestic debt instruments including government securities and money market instruments and securitised debt.

The scheme charges an exit load of 2.00% if the investment is redeemed any time from the date of allotment but before maturity date.

Read More

ICICI Pru FMP Series 42- Thirteen Months Plan D extends NFO period

18 Apr 2008 | 15:36

ICICI Pru FMP Series 42- Thirteen Months Plan D extends NFO period

ICICI Prudential mutual fund has extended the new fund-offering (NFO) period of ICICI Prudential Fixed Maturity Plan Series 42- Thirteen Months Plan D from 21 April to 23 April 2008. The issue was opened for subscription on 2 April 2008.

ICICI Prudential Fixed Maturity Plan Series 42- Thirteen Months Plan D is close-ended debt fund. The NFO price for the fund is Rs 10 per unit. The minimum investment under retail plan is of Rs.5000 and in multiples of Re. 1 thereafter. Under institutional plan the minimum investment amount is Rs 1 crore and in multiples of Re. 1 thereafter.

ICICI Prudential Fixed Maturity Plan Series 42 Thirteen Months Plan D seeks to generate returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the scheme. The AMC will follow a disciplined investment process to meet fund specific investment objectives. It will aim to develop a well-diversified, quality portfolio that minimises liquidity risk and credit risk. The scheme shall construct all portfolios to ensure that obligations to investors are met on time under all circumstances.

There are two options available under the scheme i.e. retail and institutional options. 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 and cumulative sub-option shall be the default sub -option.

Being a close-ended scheme it cannot charge any entry load on subscription received. The scheme charges an exit load of 2.00% for redemption made during the repurchase facility period. Whereas there will be no exit load charged on the redemption made on or after the maturity date.

Read More

Birla Sun Life MF files another offer document

18 Apr 2008 | 12:26

Birla Sun Life MF files another offer document

Name of Fund: Birla Sun Life 130-30 Fund

Scheme: It is an open-ended diversified equity scheme.

Objective: The scheme seeks to generate long-term growth of capital by investing predominantly in a portfolio of equity and equity related securities. The scheme may also take short positions in stocks and/or index.

Plans: The scheme will have retail plan and institutional plan with a common portfolio.

Investment option: Each plan under the scheme will have dividend and growth option. Dividend option shall have payout, reinvestment and sweep facility. Default plan/option/facility retail plan/growth option/dividend reinvestment.

Asset Allocation: The fund will invest 65-100% in equities and equity-related instruments. It will have investment of 0-35% in fixed income securities including money market instruments. Investment in securitised debt papers may be made up to 50% of the debt portfolio of the scheme. Under normal circumstances, the scheme shall not have an exposure of more than 35% of its net assets in foreign securities.

Face Value: Rs 10

Entry Load: The scheme will charge 2.50% 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.

Exit Load: For repurchase/ switch out of units of less than Rs 5 crore in value, an exit load of 1.00% is payable if units are redeemed/ switched out within 6 months from the date of allotment and 0.50% is payable if units are redeemed/ switched out after 6 months but before 12 months from the date of allotment.

There will be no exit load charged if redemption for repurchase / switch out of units equal to or greater than Rs. 5 crore in value.

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 1 crore

Benchmark Index: BSE 200

Fund Manager: Mr. Jignesh Shah

Read More

Birla Sun Life MF files an offer document

18 Apr 2008 | 11:59

Birla Sun Life MF files an offer document

Name of Fund: Birla Sun Life Enhanced Arbitrage Fund

Scheme: It is an open-ended equity scheme.

Objective: The scheme seeks to generate income by investing predominantly in equity and equity related instruments. The scheme intends to take advantage from the price differentials / mis-pricing prevailing for stock / index in various market segments (cash and future).

Plans: The scheme will have retail plan and institutional plan with a common portfolio.

Investment option: Each plan under the scheme will further have dividend and growth options. Further, dividend option shall have payout, reinvestment and sweep facility. Default option/ facility - dividend option/dividend reinvestment facility.

Asset Allocation: The fund will invest 65-90% in equities and equity-linked instruments. It will have investment of 65-90% in derivatives including index futures, stock futures, index options and stock options. It will have 10-35% investment in debt securities and money market instruments. The investments in securitised debt papers may be made up to 50% of the Net Assets of the scheme.

However, where the scheme has no opportunities in the equity and derivative market, we expect the asset allocation to be as follows:

The fund will invest 0-65% in equities and equity-linked instruments. It will have investment of 0-65% in derivatives including index futures, stock futures, index options and stock options. It will have 35-100% investment in debt securities and money market instruments.

Face Value: Rs 10

Entry Load: It will not charge an entry load.

Exit Load: It is proposed to charge an exit load of 0.75% if units purchased before 90 days from the date of allotment. It levies 0.50% an exit load if units repurchased after 90 days but before 180 days from the date of allotment but before maturity date. There will be no exit load charged if redemption is done on or after 180 days from the date of allotment.

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 1 crore

Benchmark Index: CRISIL Liquid Fund Index

Fund Manager: Mr. Ajay Garg

Read More

Kotak MF files another offer document with Sebi

18 Apr 2008 | 11:36

Kotak MF files another offer document with Sebi

Name of Fund: Kotak Fixed Maturity Plan 6 Months- Series 7 and Series 8

Scheme: These schemes are close-ended debt scheme with 180 days maturity.

Objective: The investment objective of the schemes is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

Investment options: The schemes offer investment under two options namely dividend and growth option. Under dividend option, the unit holder will have dividend payout and reinvestment facility.

Asset Allocation: These schemes will invest up to 100% of its portfolio in debt and money market instruments. The plans may invest up to 50% in securitised debt. Investment in government securities shall not exceed 50% of the scheme.

Face Value: Rs 10.

Entry Load: These schemes will not charge any entry load as it is of close-ended nature.

Exit Load: The schemes will charge an exit load of 1.00% if redemption is done before maturity of the scheme.

Minimum Investment Amount: The minimum investment amount is Rs. 5000 and in multiples of Re.1 thereafter.

Minimum targeted amount: The fund seeks to collect a minimum subscription amount of Rs. 50 lakh in the New Fund Offer of each scheme.

Benchmark Index: CRISIL Liquid Fund Index

Fund manager: Mr. Deepak Agrawal

Read More

Kotak MF files an offer document

18 Apr 2008 | 11:30

Kotak MF files an offer document

Name of Fund: Kotak Fixed Maturity Plan 3 Months- Series 31 to Series 33

Scheme: These schemes are close-ended debt scheme with 90 days maturity.

Objective: The investment objective of the schemes is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.

Investment options: The schemes offer investment under two options namely dividend and growth option. Under dividend option, the unit holder will have dividend payout and reinvestment facility.

Asset Allocation: These schemes will invest up to 100% of its portfolio in debt and money market instruments. The plans may invest up to 50% in securitised debt. Investment in government securities shall not exceed 50% of the scheme.

Face Value: Rs 10.

Entry Load: These schemes will not charge any entry load as it is of close-ended nature.

Exit Load: The schemes will charge an exit load of 1.00% if redemption is done before maturity of the scheme.

Minimum Investment Amount: The minimum investment amount is Rs. 5000 and in multiples of Re.1 thereafter.

Minimum targeted amount: The fund seeks to collect a minimum subscription amount of Rs. 50 lakh in the New Fund Offer of each scheme.

Benchmark Index: CRISIL Liquid Fund Index

Fund manager: Mr. Deepak Agrawal

Read More

Bharti AXA MF files an offer document

18 Apr 2008 | 11:11

Bharti AXA MF files an offer document

Name of Fund: Bharti AXA Equity Fund

Scheme: It is an open-ended multi cap equity scheme.

Objective: The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives.

Investment options: The Scheme offers Regular, Eco and Institutional Plans. Eco plan is available for retail investments up to Rs 2 lakh only. Any additional investment beyond Rs 2 lakh by a unit holder in eco plan will be automatically transferred to the regular plan only. Institutional plan is available only to specified category of investors FIIs, fund of funds, insurance companies, pension funds, superannuation funds and gratuity Funds.

Dividend frequency: Under each of the plan, there will be growth, bonus, and dividend option. The schemes will be having regular and quarterly dividend option offering dividend re-investment and dividend payout facilities.

Asset Allocation: The fund will invest 65%-100% in equity and equity related securities. Equity and equity related securities include: convertible bonds and debentures and warrants carrying the right to obtain equity shares, ADRs / GDRs issued by Indian companies and foreign equities or similar /comparable instruments, derivative instruments like options and futures on equity securities/ indices, such other instruments as may be permitted under the Regulations from time to time.

It will have an investment of 0-35% in debt and money market securities/instruments.

Money market instruments include commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, certificates of deposit, usance bills, reverse repo, CBLO and any other like instruments as specified by Reserve Bank of India from time to time. Fixed deposits and other current and savings instruments offered by the banks may also be used as an investment avenue and for facilitating investment into derivatives.

Face Value: Rs 10 per unit in cash plus applicable entry load

Entry Load:

Under regular plan: There will be 2.50% an entry load for purchases below Rs 2 crore; no load for purchases equal to and above Rs 2 crore.

Under eco plan: The scheme charges 2.50% an entry load.

For the institutional plan, the scheme does not levy an entry load.

Exit load:

For investments in regular plan Below Rs 2 crore, 1% an exit load will be charged if redemption is done within 6 months from the date of allotment. From Rs 2 crore up to Rs 5 crore, 0.25% an exit load will be charged as redemption is done within 3 months. Above Rs 5 crore, there will be no exit load.

For investments in eco plan The scheme will levy 1% an exit load if redeemed within 6 months from date of allotment.

For purchases made by way of Systematic Investment Plan / Systematic Transfer Plan, Exit Load of 1%, if redeemed within 6 months from date of allotment

Minimum Investment Amount: Minimum investment under retail plan is Rs 5,000 and in multiples of Re 1 thereafter. Under eco plan, the minimum investment amount is Rs 5000 in multiples of Re 1 thereafter. For the institutional plan, there will be Rs 5 crore as an application amount.

Minimum subscription amount: Rs 1 crore

Benchmark Index: S&P CNX Nifty Index

Fund Manager: Mr. Prateek Agrawal

Read More

Portfolio of Can Infrastructure Fund

Portfolio of Can Infrastructure Fund as on 28th February 2008
Total Assets : Rs.183.83 Crores

No	Name of the company	Sector	P/E Ratio	% of total Assets
1	Aditya Birla Nuvo Ltd	Diversify-Mega	0	1.05
2	Alsthom Projects India Ltd	Electric Equip	0	1.39
3	Ambuja Cement Rajasthan Ltd	Cement-North Ind	0	0.49
4	Associated Cement Companies Ltd	Cement-North Ind	0	1.29
5	BGR Energy Systems Limited	ENGINNERING	0	0.29
6	Bharat Heavy Electricals Ltd	Electric Equip	0	4.1
7	Bharti Airtel Ltd	Telecom - Services	0	0.9
8	Brigade Enterprises Ltd	Construction	0	0.19
9	Cairn India Ltd	Oil Drill/Allied	0	0.62
10	Century Textiles & Industries Ltd	Diversify-Mega	0	1.97
11	Consolidated Construction Consortium Ltd	Engineering	0	0.48
12	Crompton Greaves Ltd	Electric Equip	0	1.71
13	Debt	DEBT	0	9.85
14	DLF Ltd	Construction	0	0.85
15	Esab India Ltd	Electrod-WeldEqp	0	1.3
16	GMR Infrastructure Ltd	Diversify-Med/Sm	0	3.17
17	Grasim Industries Ltd	Diversify-Mega	0	2.36
18	Gujarat State Petronet Ltd	Miscellaneous	0	1.54
19	GVK Power & Infrastructure Ltd	Power Generation	0	0.5
20	Hindustan Construction Company Ltd	Construction	0	1.8
21	ICICI Bank Ltd	Banks-Pvt Sector	0	2.37
22	Infrastructure Development Finance Company Ltd	Finance	0	2.65
23	JAIPRAKASH ASSOCIATES LTD	Construction	0	3.28
24	JSW Steel Ltd	Steel - Large	0	2.31
25	Larsen & Toubro Ltd	Diversify-Mega	0	5.37
26	Mcnally Bharat Eng co Ltd	Engg-Tunkey Serv	0	1.41
27	Monnet Ispat Ltd	Steel -Spong Iro	0	1.75
28	Mundra Port & SEZ Ltd	Miscellaneous	0	0.79
29	National Thermal Power Corporation Ltd	Power Generation	0	3.84
30	Oil & Natural Gas Corpn Ltd	Oil Drill/Allied	0	1.38
31	Other Equity	Other	0	1.84
32	Power Grid Corporation of India Ltd	Power Generation & Supply	0	1.79
33	Punj Lloyd Ltd	Construction	0	2.06
34	Reliance Communications Ltd	Telecom - Equipment	0	3.13
35	Reliance Energy Ltd	Power Generation	0	2.98
36	Reliance Industries Ltd	Diversify-Mega	0	6.15
37	Reliance Petroleum Ltd	Refineries	0	1.43
38	Sesa Goa Ltd	Mining/Miner/Met	0	2.83
39	Siemens Ltd	Electronic-Comp.	0	2.22
40	Sterlite Industries (India) Ltd	Mining/Miner/Met	0	1.38
41	Tata Power Company Ltd	Power Generation	0	3.05
42	Tata Steel Ltd	Steel - Large	0	3.21
43	Thermax Ltd	Engineering	0	1.44
44	Transformers & Rectifiers India Ltd	Electric Equip	0	0.43
45	UltraTech Cement Ltd	Cement-North Ind	0	1.06
46	Unitech Ltd	Construction	0	0.39
47	Walchandnagar Industries Ltd	Engineering	0	3.61
Total:				100

Read More

Portfolio of Birla Infrastructure Fund

Portfolio of Birla Infrastructure Fund as on 31st March 2008
Total Assets : Rs.479.66 Crores

No	Name of the company	Sector	P/E Ratio	% of total Assets
1	Ansal Properties & Infrastructure Ltd	Construction	0	0.69
2	Arshiya International Ltd	Miscellaneous	0	0.67
3	Bharat Electronics Ltd	Electronic-Comp.	0	1.32
4	Bharat Heavy Electricals Ltd	Electric Equip	0	3.79
5	Bharati Shipyard	Shipping	0	3
6	Bharti Airtel Ltd	Telecom - Services	0	3.16
7	Birla Corporation Ltd	Cement-North Ind	0	0.85
8	Central Bank of India	Banks-Pub Sector	0	2.42
9	CESC Ltd	Power Generation	0	2.86
10	Crompton Greaves Ltd	Electric Equip	0	3.84
11	Debt	DEBT	0	17.6
12	Finolex Cables Ltd	Cables-Telephone	0	1.49
13	Gateway Distriparks Ltd	Miscellaneous	0	1.49
14	GMR Infrastructure Ltd	Diversify-Med/Sm	0	1.31
15	Great Offshore Ltd	Shipping	0	0.51
16	Gujarat Gas Company Ltd	Miscellaneous	0	1.31
17	GVK Power & Infrastructure Ltd	Power Generation	0	1.02
18	Hindustan Construction Company Ltd	Construction	0	1.33
19	Hindustan Sanitaryware & Industries Ltd	Ceramic-Til/San.	0	0.27
20	Housing Development & Infrastructure Ltd	Construction Housing Mid Small	0	1.6
21	Housing Development Finance Corporation Ltd	Finance-Housing	0	1.36
22	ICICI Bank Ltd	Banks-Pvt Sector	0	2.05
23	India Cements Ltd	Cement-South Ind	0	2.04
24	Infrastructure Development Finance Company Ltd	Finance	0	1.67
25	ITD Cementation India Ltd	Construction	0	1.31
26	JAIPRAKASH ASSOCIATES LTD	Construction	0	1.63
27	Jindal Saw Pipes Ltd	Steel -Med/Small	0	0.7
28	Jindal Steel & Power Ltd	Steel -Spong Iro	0	3.23
29	Jyoti Structures Ltd	TranLineTow/Eqpt	0	1.51
30	K E C Infrastructure Ltd	TranLineTow/Eqpt	0	3.48
31	Kalpataru Power Transmission Ltd	TranLineTow/Eqpt	0	1.4
32	Kirloskar Oil Engines Ltd	Engines	0	2.41
33	Lanco Infratech Ltd	Engineering	0	1.42
34	Larsen & Toubro Ltd	Diversify-Mega	0	0.82
35	Madhucon Projects Ltd	Construction	0	2.01
36	Maharashtra Seamless Ltd	Steel -Med/Small	0	0.31
37	Nagarjuna Construction Company Ltd	Construction	0	1.65
38	Oil & Natural Gas Corpn Ltd	Oil Drill/Allied	0	2.73
39	Power Grid Corporation of India Ltd	Power Generation & Supply	0	0.84
40	Reliance Communications Ltd	Telecom - Equipment	0	2.8
41	Reliance Industries Ltd	Diversify-Mega	0	3.18
42	Rural Electrification Corporation Ltd	Power Generation	0	1.1
43	Sesa Goa Ltd	Mining/Miner/Met	0	1.31
44	Simplex Infrastructure Ltd	Construction	0	1.25
45	Sintex Industries Ltd	Diversify-Med/Sm	0	1.48
46	South Indian Bank Ltd	Banks-Pvt Sector	0	1.58
47	TajGVK Hotels & Resorts Ltd	Hotels	0	0.84
48	Thermax Ltd	Engineering	0	2.77
49	Torrent Cables Ltd	Cables-Power	0	0.6
Total:				100

Read More