Archive for February 19th, 2007
Time is important and no fund house is ready to loose it. AIG Global Investment Group Mutual Fund, just within few days of getting the approval from SEBI, has filed draft document for AIG India Equity Fund. The draft document is dated February 15, 2007.
The fund comes into two plans: Regular Plan and Institutional Plan. The AIG Equity Plan takes BSE 100 index as its benchmark index.
The investment objective of the fund is “to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities including equity derivatives”. Equity and equity related securities would go from 80% to 100% while Debt & money market securities/instruments/funds ranges from 0% to 20%
The offer document says the portfolio in each of the plans will be the same but the returns differs because of the variation in the expense ratio. The initial investment at the time of application can be a minimum of Rs. 5000. In the case of purchases through SIP and STP, the minimum installment amount shall be Rs. 1,000/-.
February 19th, 2007
The markets continued to stay flat and closed the day in positive. Nifty closed at 4164.55 up by 18.35 points. Sensex closed at 14402 - up by 47.35 points.
USD/INR is at 44.14
February 19th, 2007
The stock markets are holding its direction and staying in the green and more or less flat. NIFTY is currently at 4167.30 up by 0.45%.
GBN (Up 10.31%), Reliance (Up 1.15%), Redington (Up 6.72%), Cinemax (Up 2.3%), ICICI Bank (Up 3.03%) and technology companies TechMahindra and TCS are the top traded stocks at the moment.
February 19th, 2007
Markets continue to be flat and range bound till now. NIFTY is currently at 4170.45 up by 0.58%. GBN, Zee News, Redington, Bala Sponge and Mukata Arts are in the green while JD Orgo, PearlPoly, Arihant, HOCL are in the red.
February 19th, 2007
The markets opened positive but the first few minutes of trading showed it will remain volatile. Analysts feel that the Indian stock market is moving based on news stories and that choppy trading sessions would be evident in the days to come - particularly that the Indian Budget sessions are round the corner.
NIFTY is at 4165.90 as against its previous close of 4146.20 - up by 0.48%. GBN, Redington (that came up with IPO recently), Cinemax, Unitech, IDFC, Reliance, ABB, IDBI, Sesa Goa are the most active on the charts so far and almost all of them are in positive.
February 19th, 2007