Archive for September 2nd, 2008
Tuesday, September 02, 2008 10:26:01 AM IST
Thanks to the cooling off of the crude prices, the Asian markets opened their Tuesday trades in the green. The BSE Sensex is up in the green. BSE is trading at 14623 levels up 0.86%. Bank, Realty, PSU, Capital Goods stocks are gaining.
The CNX Nifty is up 0.74% and is currently at 4380 levels. CNX IT is up 0.39% and Bank Nifty is up 1.83%.
Top Nifty gainers include BPCL, SBI, ACC (all up over 2%), Unitech, L&T, ONGC, ICICI Bank, PNB, Suzlon and HDFC (all up over 1%). On the downside are Ranbaxy (down 6.8%), Cairn (down 2%), SAIL, Satyam, Cipla, Tata Motors, RPL, Hindalco and Tata Steel (all marginally down)
1 U.S. dollar = 44.1598 Indian Rupees
1 U.S. dollar = 107.9913 Japanese Yens
1 U.S. dollar = 0.6852 Euros
1 Ounce Gold = $816.00
1 Barrel Crude Oil = $110.98
September 2nd, 2008
The following is a list of Top 10 Indian Mutual Fund houses as per Assets Under Management (AUM) as of end of August 2008. The classification is based on AUM excluding Fund of Funds - Domestic but including Fund of Funds - Overseas
Reliance Mutual Fund
ICICI Prudential Mutual Fund
UTI Mutual Fund
Birla Sun Life Mutual Fund
SBI Mutual Fund
Franklin Templeton Mutual Fund
Tata Mutual Fund
DSP Merrill Lynch Mutual Fund
Kotak Mahindra Mutual Fund
LIC Mutual Fund
September 2nd, 2008
A gross dividend of Rs.5/- per unit has been declared in Nifty Index Benchmark Exchange Traded Scheme (Nifty BeES) and September 15, 2008 has been fixed as the Record Date for determining the eligibility of unit holders of Nifty Index Benchmark Exchange Traded Scheme (Nifty BeES) entitled to receive the Dividend.
The NAV of Nifty Bees on September 1, 2008 is Rs. 442.0017 per unit
September 2nd, 2008
Scheme Name
Edelweiss Liquid Fund
Objective of Scheme
To provide Optimal returns, commensurate with low risk and high degree of liquidity,through a portfolio constituted of money market & short term debt instruments. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.
Scheme Type
Open Ended
Scheme Category
Liquid
New Fund Launch Date
1-Sep-2008
New Fund Earliest Closure Date
8-Sep-2008
New Fund Offer Closure Date
8-Sep-2008
Indicate Load Separately
The scheme does not have any Entry Load or Exit Load during the NFO period & Continuous offer period
Offer Price (Rs.)
10
Minimum Subscription Amount
10,000
September 2nd, 2008
Scheme Name
Edelweiss Liquid Plus Fund
Objective of Scheme
To Provide reasonable returns, commensurate with moderate level of risk and high degree of liquidity, through a portfolio constituted of money market and debt instruments. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns
Scheme Type
Open Ended
Scheme Category
Income
New Fund Launch Date
1-Sep-2008
New Fund Earliest Closure Date
8-Sep-2008
New Fund Offer Closure Date
8-Sep-2008
Indicate Load Separately
Entry Load : NIL EXIT Load : 0.10% if redeemed before 8th day of the allotment.
Offer Price (Rs.)
10
Minimum Subscription Amount
5,000
September 2nd, 2008
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