Archive for September 10th, 2008

Fidelity Fixed Maturity Plan - Series 1 - Plan B

Scheme Name
Fidelity Fixed Maturity Plan - Series 1 - Plan B

Objective of Scheme
To seek to generate reasonable returns and reduce interest rate volatility primarily through investment in money market and short term debt instruments with a maturity profile generally in line with a Plan’s duration.

Scheme Type
Close Ended

Scheme Category
Income

New Fund Launch Date
3-Sep-2008

New Fund Earliest Closure Date
10-Sep-2008

New Fund Offer Closure Date
10-Sep-2008

Indicate Load Separately
Entry: Nil. Exit: For redemption before the date of maturity of a Plan – 2.00%, For redemption on maturity of a Plan – Nil. A switch-out will also attract an Exit Load like any Redemption.

Offer Price (Rs.)
10

Minimum Subscription Amount
5000 / 10000000

Maturity
The term of a Plan would be 370 days from the date of allotment and the Units under a Plan would be fully redeemed at the end of its tenure i.e. 370 days from the date of allotment of Units under the Plan, unless rolled over as per SEBI Regulations. The redemption proceeds will be dispatched to the Unit Holders within 10 Business Days from the date of maturity of a Plan. If the day on which a Plan is maturing is a non-Business Day, then the Plan will mature on the immediately next Business Day.

Add commentSeptember 10th, 2008

Mutual Fund New Fund Offers - September 10, 2008

AIG Global Investment Group Mutual Fund
AIG Fixed Maturity Plan-I-Series I

Birla Sun Life Mutual Fund
Birla Sun Life Equity Linked FMP – Series C
Birla Sun Life Equity Linked FMP – Series D
Birla Sun Life Fixed Term Plan –Series BC
Birla Sun Life Fixed Term Plan –Series BE

Escorts Mutual Fund
Escorts Power & Energy Fund

Fidelity Mutual Fund
Fidelity Fixed Maturity Plan - Series 1 - Plan B

Franklin Templeton Mutual Fund
Franklin Templeton Fixed Tenure Fund – Series X – Plan B
Franklin Templeton Fixed Tenure Fund – Series X – Plan D
Templeton Fixed Horizon Fund - Series XI - Plan G - 19 Months Plan
Templeton Fixed Horizon Fund - X - Plan C - 3 Months Plan

HDFC Mutual Fund
HDFC FMP 22M September 2008
HDFC FMP 90D September 2008 (2)

Lotus India Mutual Fund
Lotus India Fixed Maturity Plan-375 Days-series XVII

Mirae Asset Mutual Fund
Mirae Asset Interval Fund - Quarterly Plan - Series II

Add commentSeptember 10th, 2008

Nifty tests 4400, Markets close day in the red

Wednesday, September 10, 2008 4:14:39 PM IST

Last hours of trade has dragged the indices more deeper into the red over concerns of how the US markets will open later today. Nifty managed to close above 4400 and is down 1.53%

CNX IT is down 0.57% despite the INR depreciating over the US Dollar. Bank Nifty recovered a bit but ended the day down 0.21%. CNX 100 is down 1.46% and CNX 500 is down 1.49%

Top gainers on the Nifty for the day include Zee Limited (up over 3%), National Aluminium (up over 2%), Suzlon, Hero Honda (both up over 1%), ACC, Grasim, GAIL, Infosys, Reliance Power and SBI (all marginally in the green)

Sterlite continues to be hit today after investors began to give mixed responses to the stock split. Sterlite is down 11.78% on the Nifty and last traded at 507.55 levels. SAIL, Tata Steel too are metal stocks that have been hit hard today. Reliance Infra and Tata Power are each down over 3%. Bharti Airtel, BPCL, Reliance, HDFC and Unitech are all down over 2%)

The Sensex closed the day in the red. The index lost 238.15 points in todays trade and is dwon 1.6%. The last value of Sensex today is 14662.61. Midcap and Smallcap stocks too did not support much.

The BSE Metal index is down 5.48%. Oil & Gas, Power, PSU, Realty are the other top sectoral losers of the day.

1 U.S. dollar = 44.8249 Indian Rupees
1 U.S. dollar = 107.2041 Japanese Yens
1 U.S. dollar = 0.7073 Euros
1 Ounce Gold = $773.80
1 Barrel Crude Oil = $103.39

Add commentSeptember 10th, 2008

Markets open weak, Rupee appreciates to 45 a dollar mark

Wednesday, September 10, 2008 11:02:11 AM IST

The Indian stock markets had a weak opening and trading flat. Meanwhile the Indian Rupee is seen appreciating and has even touched the Rs. 45.04 mark this morning.

The CNX Nifty is at 4438 levels and is down 0.68%. CNX IT is up marginally a 0.31%. Bank Nifty is down 0.91%. CNX 100 is down 0.61% while the broder CNX 500 is down 0.54%

Top Nifty gainers in the early hour of trade include Zee Limited (up 3%), GAIL (up over 2%), DLF, ACC (both up over 1%), Grasim, Ranbaxy, Hero Honda, IDEA, HCL Tech and National Aluminium (all up marginally)

On the down side of Nifty is Sterlite. The script is batted down once again today after news of its trifurcation. Sterlite is down 8.4% on the Nifty and is trading at 526.9 levels. Other losers so far include BPCL (down over 3%), SAIL, ICICI Bank (both down over 2%), PNB, ABB, Tata Steel, Reliance, Siemens, HDFC Bank (all down over 1%)

The BSE Sensex is down 112.86 points and is trading at 14787 levels. BSE Midcap index is marginally down while BSE Smallcap index is marginally up. BSE Metal index is down over 2.3% followed by Bankex which is down by 1.17%. Realty, IT and Consumer Durables indices are marginally in the green.

1 U.S. dollar = 44.7307 Indian Rupees
1 U.S. dollar = 106.8947 Japanese Yens
1 U.S. dollar = 0.7063 Euros
1 Ounce Gold = $775.80
1 Barrel Crude Oil = $103.82

Add commentSeptember 10th, 2008

JM Fixed Maturity Fund - Series XII - Quarterly plan 2 (JM FMF - XII - Q2)

Scheme Name
JM Fixed Maturity Fund - Series XII - Quarterly plan 2 (JM FMF - XII - Q2)

Objective of Scheme
The investment objective of the Scheme and the plans launched thereunder is to seek to generate regular returns through investments in fixed income securities normally maturing in line with the time profile of the respective Plans.

Scheme Type
Close Ended

Scheme Category
Income

New Fund Launch Date
9-Sep-2008

New Fund Earliest Closure Date
10-Sep-2008

New Fund Offer Closure Date
10-Sep-2008

Indicate Load Separately
Please refer offer document

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

Minimum Subscription Amount
Rs 5000/-(Regular) & Rs 5 lac (Institutional)

Add commentSeptember 10th, 2008

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