Archive for February 10th, 2007
Sundaram Select Midcap, one of the star performing fund last year from Sundaram BNP Paribas Mutual has a dividend announcement of Rs 2.5 per unit on the face value of Rs 10. The investment objective of the scheme seeks to achieve capital appreciation by investing in a diversified basket of stocks that are termed to be midcaps. The record date for the dividend is is February 9, 2007.
101538;Sundaram BNP Paribas Select Midcap-Dividend;18.7821
101539;Sundaram BNP Paribas Select Midcap-Growth;94.6119
February 10th, 2007
HDFC Mutual Fund has announced dividend for two of its funds – the HDFC Top 200 and the HDFC Capital Builder Fund
A dividend of Rs. 5 per unit of HDFC Top 200 Fund (HT200) was announced. HDFC Top 200’s objective is to generate long term capital appreciation from a portfolio of equity and equity-linked instruments primarily drawn from the companies in BSE 200 index. The fund takes BSE 200 as its benchmark. The NAV of the fund on 9-Feb-07 is as follows:
102001;HDFC Top 200 Fund-Dividend Plan;37.652
102000;HDFC Top 200 Fund-Growth Plan;113.854
HDFC Capital Builder Fund (HCBF)’s object is is to achieve capital appreciation in the long term. The NAV of the fund on 9-Feb-07 is as follows:
101765;HDFC Capital Builder Fund-Dividend Plan;22.976
101764;HDFC Capital Builder Fund-Growth Plan;64.445
The record date for the dividends for both the funds is February 7, 2007
February 10th, 2007
Reliance Mutual Fund has recently filed draft offer document for its open-ended Diversified Equity Scheme called Reliance Equity Advantage Fund.
The Investment objective of this fund is as follows: The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio predominately of equity & equity related instruments with investments generally in S & P CNX Nifty stocks and the secondary objective is to generate consistent returns by investing in debt and money market securities.
The minimum application amount for the retail plan is Rs 5,000/- per plan per option and in multiples of Re. 1 thereafter. There is an entry-load for the scheme during NFO and in continuous offer (including SIP)s as follows: Entry Load: 2.25% and Exit Load: 1% if redeemed/switched on or before 6 months from the date of allotment; 0.5% if redeemed/switched between 6 months & before completion of 1 year from the date of allotment.
February 10th, 2007
Birla Sun Life Mutual Fund has recently filed draft offer document before SEBI for its upcoming Birla Sun Life Long Term Advantage Fund- Series 1.
The scheme is actually a closed end diversified equity scheme with a maturity of 3 years. Upon maturity, the scheme shall automatically be converted into an open-ended scheme.
The investment objective of the scheme is as follows:
Birla Sun Life Long Term Advantage Fund- Series 1 seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities of companies considered to be small and mid cap. “Small and Mid Cap” is defined as any company, which has a market capitalization below that of the top 20% of the S&P CNX 500 index and may or may not be a company forming part of the S&P CNX 500 Index. The Scheme may also invest a certain portion of its corpus in fixed income securities including money market instruments , in order to meet liquidity requirements from time to time.
The minimum of Rs. 5000/ - and in multiples of Re. 1/ - thereafter during the NFO period. Upon conversion into an open-ended scheme (after 3 years from the date of allotment), the minimum will be changed to Rs. 5000/ - and in multiples of Re. 1/ - thereafter on an ongoing basis.
The CNX Midcap Index will be taken as the Benchmark Index.
Birla Sun Life Mutual Fund already has a Midcap fund called the Birla Midcap Fund launched on October 3, 2002. Its investment objective is as follows: An Open-ended growth scheme with the objective to achieve long-term growth of capital at controlled level of risk by primarily investing in midcap stocks. The fund has a corpus of Rs. 232.56 Crores (As on December 29, 2006 as per Connect January 2007).
The NAV of this fund as on 9-Feb-2007 is as follows:
101591;Birla MIDCAP Fund-Plan A (Dividend);24.10
101592;Birla MIDCAP Fund-Plan B (Growth);67.01
February 10th, 2007
Escorts Mutual Fund has filed a draft offer document for its proposed Escorts Gold Exchange Traded Fund before SEBI. Escorts is the latest entrant into the Gold Exchange Traded Funds. It may already be recalled that Benchmark, UTI, Kotak, ICICI Pru have already put up their plans for the Gold ETFs and are in various stages of going to the investors.
According to the draft offer document, Escorts Gold Exchange Traded Fund will be an open ended fund which will be listed on the Exchange in the form of an Exchange Traded Fund (ETF) tracking domestic prices of gold through investments physical Gold and Gold related instruments, which have Gold as underlying, as specified by SEBI from time to time.
The primary objective of the scheme is to provide returns that, before expenses, closely correspond to the returns provided by domestic price of gold by investing predominantly in Gold and Gold related instruments, which have Gold as underlying, as specified by SEBI from time to time. It is intended to constitute a simple and cost effective means of making an investment similar to an investment in Gold. The value of units shall reflect, at any given time, the price of Gold and Gold related instruments owned by the scheme less the expenses incurred.
The offer document filed is really very informative and also had a section about where the investors money will be put. Amongst the methods of investments in gold are: Bullion, Coins, Gold Certificates, Gold Accounts and Gold shares. Gold shares are actually shares of companies that are into Gold mining business.
Finally, if you wish to invest in this fund, the minimum application amount is Rs.5000 and in multiples of Rs. 1000 there after.
February 10th, 2007