Mutual Fund New Fund Offers in IPO - October 30, 2007

ICICI Prudential Mutual Fund
ICICI Prudential FMP series 39 - 18 Mths Plan B
ICICI Prudential Interval Fund - Fifteen Months Interval Plan
ICICI Prudential Interval Fund - Half Yearly Interval Plan - II

Kotak Mahindra Mutual Fund
Kotak Blended FOF

Sahara Mutual Fund
Sahara R.E.A.L Fund

SBI Mutual Fund
SBI CAPITAL PROTECTION ORIENTED FUND - I (15/10/07) Growth

Add commentOctober 30th, 2007

Markets marginally in red – Opening time – October 30, 2007

Tuesday and Wednesday are considered to be two important days for the markets considering that there are two announcements that are expected to tell the direction the markets will take in the next few trading sessions. On Tuesday, the Reserve Bank of India (RBI) is about make its announcements on the credit policy while on Wednesday, an announcements from the Fed is expected.

The Indian markets opened marginally in the red. Banking stocks are witnessing selling pressure while the other big weights are continuing to stay green. The Reliance pack is in green. ABB, Bajaj Hindustan, Bank of India, Canara Bank are trading good. ACC, Ambuja Cements and other cement stocks are in the red.

Add commentOctober 30th, 2007

Reliance Banking Fund announces Dividend

Reliance Banking Fund, a sectoral fund that pre dominently invests in equity stocks from the Financial sector has announced a dividend of Rs. 2 per unit. The scheme’s earlier dividends are as follows:

21-Feb-2007      2.00
30-Mar-2006     5.00
29-Dec-2005     4.00
28-Mar-2005     3.00
25-Nov-2003     1.00

The asset size of the scheme is Rs. 280 crores as of Sep 28, 2007.
The NAV of the scheme is Rs.26.40

Top scripts in its portfolio are SBI, ICICI Bank, Andhra Bank, Punjab National Bank and JM Financial

Add commentOctober 30th, 2007

Reliance Tax Saver (ELSS) announces dividend

Investors in the Dividend plan of Reliance Tax Saver (ELSS) scheme would get a dividend of Rs. 1 per unit. The record book date is November 2, 2007. It may be recalled, the scheme announced a dividend of Rs. 1 earlier on February 21, 2007.

The NAV of the scheme is Rs. 17.34 as of October 29, 2007. The Asset Size of the scheme is Rs. 2,087.88 crores as of September 28, 2007.

Top sectoral holdings of the scheme are Basic/Engineering, Automobile, Technology, Construction and Financial Services

Add commentOctober 30th, 2007

NSE completes its 1927th Normal Settlement

The Exchange has successfully completed its 1927^th Normal Settlement (Rolling T+2 following SEBI directive) since inception i.e., Settlement Number N – 2007204 on October 29, 2007. The settlement statistics is as follows: 

Particulars	Values
	N – 2007204
Total traded quantity (lakhs)	7653.40
Total traded value (Rs. In Crores)	23391.09
Total value of the settlement (Securities) (Rs. In Crores)	7654.54
Total value of the settlement (Funds) (Rs. In Crores)	1980.58
Shortages for the settlement	0.17%
% of  Delivery ( No. of shares deliverable / No. of shares traded )	30.92%

 

Retail Debt Market have completed its 1201^st settlements details of which is as follows:

Settlement No.	Traded Value	Settlement Value
		Securities	Funds
D- 2007204	NIL	NIL	NIL

Add commentOctober 30th, 2007