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Mutual Fund Draft Offer Documents - September 5, 2008

Draft offer documents for the following mutual fund schemes are submitted and are put for public view and commenting:

Birla Sun Life FTP - Series BG -BU
Birla Sun Life Investment Legends Fund
Edelweiss Diversified Growth Equity Fund
Tata FMP Series 23

Add commentSeptember 5th, 2008

Sensex losts 415 points in todays trades; Realty, IT hit hard again

Friday, September 05, 2008 4:29:42 PM IST

Not much to cheer about, the markets took yet another dull day today. Nifty closed at 4352 down 2.15% while Sensex lost 415 points to close at 14483.83 down 2.79%

Realty stocks are once again hit hard. The BSE Realty index is down 4.17% with Akruti City (down 6%), DLF (down 5.4%), Unitech (down 4.7%), Mahindra Life, India Bulls Real Estate and HDIL (all down over 3%) being the big names in the index that are hit hard today. 7 of the 9 scripts in the index declined today.

Despite some cheer in the USD-INR during mid day, forex did not cheer any IT scripts today. The 11 stock BSE IT had 9 declines today. Aptech (down 5.8%), Infosys, Moser Ber, Wipro, Rolta (all down over 4%), Satyam (down over 3%) all closed the day in the red.

There are not many large cap gainers today. However, BPCL topped the charts and closed the day up 8.57%. Hindustan Unileaver is up 1.85% while ITC and ONGC closed the day marginally in the green.

1 U.S. dollar = 44.2243 Indian Rupees
1 U.S. dollar = 106.1345 Japanese Yens
1 U.S. dollar = 0.7026 Euros
1 Ounce Gold = $795.00
1 Barrel Crude Oil = $106.38

Add commentSeptember 5th, 2008

Poor queues from the US and Asia - Indian markets open weak

Friday, September 05, 2008 10:39:19 AM IST

The Indian stock markets opened the day in the red following poor queues from the US and the Asian markets. The Nifty is at 4354.55 down 2.1% while the Sensex is down at 14541.4 having lost 357.7 points or 2.4%

Yesterday listing stocks are now having sharp cuts. On the other hand, heavy weight stocks too are seeing some selling pressure today.

The CNX IT is down 2.41% while the Bank Nifty is down 2.55%. CNX 100 is down 2.09% and CNX 500 is down 1.85%. Infosys, Tata Communications, HDFC, Maruti, Sterlite, Wirpo, Reliance (all down over 3%), HDFC Bank, Unitech, SAIL (all down over 2%) are seeing selling pressure. BPCL is trading at 334.6 levels and is up 1.29%.

All sectoral indices on the BSE are in the red. The list is topped by Bankex, IT, Realty, Metal and Oil & Gas.

1 U.S. dollar = 44.3203 Indian Rupees
1 U.S. dollar = 106.8604 Japanese Yens
1 U.S. dollar = 0.6985 Euros
1 Ounce Gold = $797.30
1 Barrel Crude Oil = $107.86

Add commentSeptember 5th, 2008

Reliance Fixed Horizon Fund - X - Series 15

Scheme Name
Reliance Fixed Horizon Fund - X - Series 15

Objective of Scheme
The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of: - Central and State Government securities and Other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility

Scheme Type
Close Ended

Scheme Category
Income

New Fund Launch Date
4-Sep-2008

New Fund Earliest Closure Date
4-Sep-2008

New Fund Offer Closure Date
4-Sep-2008

Indicate Load Separately
Entry Load - Nil Exit Load - 0.30% if redeemed before the maturity

Offer Price (Rs.)
Rs.10/- per unit.

Minimum Subscription Amount
Rs5000(Retail),Rs50Lakhs (Inst),Rs1 Cr(Super Inst)

Add commentSeptember 5th, 2008

Lotus India Fixed Maturity Plan-375 Days-series XVII

Scheme Name
Lotus India Fixed Maturity Plan-375 Days-series XVII

Objective of Scheme
To generate income by investing in a portfolio of debt and money market instruments normally maturing in line with duration of the scheme.

Scheme Type
Close Ended

Scheme Category
Income

New Fund Launch Date
4-Sep-2008

New Fund Earliest Closure Date
18-Sep-2008

New Fund Offer Closure Date
18-Sep-2008

Indicate Load Separately
Entry Load : Nil Exit Load : If redeemed before maturity date - 2% If redeemed on maturity date - Nil

Offer Price (Rs.)
10

Minimum Subscription Amount
Inst Plan : Rs.5 Lacs; Retail : Rs.5,000/-

Add commentSeptember 5th, 2008