Archive for September 10th, 2008
Daily SIP is an interesting mode of investing where the investor can take advantage of rupee cost averaging on a daily basis. Unfortunately, there aren’t many mutual fund houses that offer this facility so far.
Bharti AXA Mutual Fund is one fund house that offers this option. However, looking at their Daily SIP features, the minimum period of 6 months seems to be a bit difficult. Fortunately, Bharti AXA MF seems to have changed the minimum period from 6 months to 1 month. This means that an investor can now invest in Bharti AXA Equity Fund and Bharti AXA Liquid Fund schemes for a minimum period of 1 month under the Daily SIP option. With this investors can have more options to plan their SIP periods. Considering that the Daily SIP amount is as low as Rs. 300, investing in the fund schemes would be considered good.
September 10th, 2008
Scheme Name
Mirae Asset Interval Fund - Quarterly Plan - Series II
Objective of Scheme
The investment objective of the scheme is to seek to generate returns with low volatility through a portfolio of debt and money market instruments with a provision to offer liquidity at periodic intervals. The Scheme does not guarantee any returns.
Scheme Type
Open Ended
Scheme Category
Income
New Fund Launch Date
9-Sep-2008
New Fund Earliest Closure Date
11-Sep-2008
New Fund Offer Closure Date
11-Sep-2008
Indicate Load Separately
Entry Load For Each Purchase Type Load (% of Rs. 10 or Applicable NAV as the case may be) Regular Plan NIL Institutional Plan NIL By Dividend Reinvestment NIL Exit Load Regular & Institutional Plan 0.30% if the units are redeemed on any day other than during the specified transaction period. No Exit load if the units are redeemed during the specified transaction period.
Offer Price (Rs.)
10
Minimum Subscription Amount
5000
September 10th, 2008
Scheme Name
HDFC FMP 90D September 2008 (2)
Objective of Scheme
The investment objective of the Plans under the Scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
10-Sep-2008
New Fund Earliest Closure Date
15-Sep-2008
New Fund Offer Closure Date
15-Sep-2008
Indicate Load Separately
Entry Load (Direct Applications and Applications routed through any Distributor / Agent / Broker) : Nil Exit Load : In respect of each purchase / switch-in of units, an Exit Load of 0.75% is payable if units are redeemed/switchedout before Maturity / Final Redemption Date. No Exit Load is payable on Maturity / Final Redemption Date of the Plan.
Offer Price (Rs.)
10
Minimum Subscription Amount
Wholesale Plan Rs. 1,00,00,000 Retail Rs. 5,000
September 10th, 2008
Scheme Name
Templeton Fixed Horizon Fund - X - Plan C - 3 Months Plan
Objective of Scheme
TFHF – Series X (3 Months Plan) is a closed - end income fund that seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund’s duration.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
10-Sep-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
11-Sep-2008
Indicate Load Separately
Entry Load: Nil. The entire initial issue expenses during the New Fund Offer will be currently borne by the AMC. CDSC (on redemption/switch-out before Maturity): Upto 2%
Offer Price (Rs.)
10
Minimum Subscription Amount
5000
September 10th, 2008
Scheme Name
Templeton Fixed Horizon Fund - Series XI - Plan G - 19 Months Plan
Objective of Scheme
TFHF – Series XI is a closed - end income fund that seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities with a maturity profile generally in line with the fund’s duration.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
4-Sep-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
10-Sep-2008
Indicate Load Separately
Before completion of 6 months : 3%; Upon completion of 6 months but before completion of 9 months : 2.5%; Upon completion of 9 months but before completion of 12 months : 2%; Upon completion of 12 months but before completion of 15 months : 1.5%; Upon completion of 15 months but before maturity : 1%; On Maturity : 0%.
Offer Price (Rs.)
10
Minimum Subscription Amount
Rs.5000
September 10th, 2008
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