Archive for January 19th, 2007
Mutual Fund Houses are coming up with attractive schemes for its distributors who reach the targets by selling of funds – both of NFO or existing funds. While a leading mutual fund house is giving World Cup Tickets, others are giving free trips to Brazil, Bali or Dubai Shopping Festival. The prizes and gifts scale from a parker pen to an LCD TV too.
The money for these prizes however will not be shed directly from the investor money but from the expenses of the fund houses which is actually an indirectly from the investors load structures.
January 19th, 2007
MIN is necessary if you are planning to an investment of Rs. 50,000 made after January 1, 2007.
Generally, it suggested you take the MIN number now itself even if you do not have an immediate plan of making a Rs.50,000+ investment. MIN number is free, given over the counter as soon as you submit your application form and requires you to provide some minimum documentation.
The number is similar to a PAN number and would come handy later when rules change, particularly when MIN is made compulsory for investments of any amount or size. Further MIN could get the same weightage as a PAN number and could probably be accepted as a address-proof or photo-proof though this is not stated anywhere and this is not the purpose for which it is being issued.
January 19th, 2007
Mutual Fund Identification Number or MIN is available as a free download from websites of AMFI or of leading mutual fund houses. You can take a print of the same and submit duly filling it. Alternatively, you can also get the MIN application forms at the Point of Sale counters. Your Tax Consultant or your Investment Advisor too can provide this.
January 19th, 2007
MIN Application Form is available as a free download. Currently, the applications are given free of cost.
January 19th, 2007
The Exchange has successfully completed its 1735th Normal Settlements (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2007012 on January 19, 2007. The settlement statistics are as follows:
Particulars
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Values
|
|
|
N – 2007012
|
|
Total traded quantity (lakhs)
|
5294.63
|
|
Total traded value (Rs. In Crores)
|
8729.74
|
|
Total value of the settlement (Securities) (Rs. In Crores)
|
2375.93
|
|
Total value of the settlement (Funds) (Rs. In Crores)
|
544.99
|
Shortages for the settlement
|
0.29%
|
|
% of Delivery ( No. of shares deliverable / No. of shares traded )
|
23.96%
|
Retail Debt Market has completed its 1009th settlement details of which are as follows:
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Settlement No.
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Traded Value
|
Settlement Value
|
|
|
|
Securities
|
Funds
|
|
D- 2007012
|
NIL
|
NIL
|
NIL
|
January 19th, 2007
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