A leading business newspaper has said that AMFI and CVL are in talks with the Finance Ministry to make use of PAN number as the Mutual Fund Identification Number. The idea is to use PAN number as a code number for MIN as well.
The duo is also proposing of scanning documents at central data centre instead of at the Point of Sale points.
1 commentJanuary 28th, 2007
SBI Mutual Fund announces a dividend of Rs 2 per unit (on the face value of Rs 10 per unit) in its Magnum Multicap Fund - Dividend option and has set Jan 29 as the record date.
The Multicap Fund was launched on August 22, 2005. The fund primary invests making an asset allocation of 50-90% on Large Cap, 10-40% on Mid Cap and 0-10% on Small Cap. The NAV of the Growth plan of the fund is Rs. 16.23 as on 25 Jan 2007
Add commentJanuary 28th, 2007
Size of the IPO: Rs. 2443.7 crores including Green Issue option
Dates: Opens Feb 12 and closes on Feb 15
Add commentJanuary 25th, 2007
The markets made a dramatic comeback after tasting some initial volatility. NSE NIFTY is currently at 4147.70 .
Tata Steel, SAIL, Reliance, BHEL, Satyam Computers, Sesa Goa, Bharti Airtel, RelianceCom and Tech Mahindra are topping as the most active scripts so far.
Top gainers list has Windsor, HindOilExp, Essar Oil and IDFC while the most losers of the day include Alchemist, Kale Consulting, RamcoIndia, Dabur, LCC Info and EID Parry.
Add commentJanuary 25th, 2007
Volatility is visible in the markets right from the early hours of trade. NIFTY is current at 4109.50. It closed at 4089.90 yesterday. SAIL, Tata Steel, Tech Mahindra, Sesa Goa, BHEL and Reliance are topping the charts as the most actively traded scripts of the day. Top Gains so far are ESTL, SATHAISPAT, ParaDyne, ANTGraphics, EssarOil, Hanung amongst others. RamcoInd, LCC Infotech, Rolta, Dabur, PolarInd and MRO-TEK are selling selling pressure.
Add commentJanuary 25th, 2007
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