Archive for September 15th, 2008
Scheme Name
Tata Fixed Investment Plan - 4 - High Investment Plan
Objective of Scheme
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
10-Sep-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
18-Sep-2008
Indicate Load Separately
Entry Load: Nil Exit Load: 2% if redeemed before maturity.
Offer Price (Rs.)
10/-
Minimum Subscription Amount
25,00,000
September 15th, 2008
Scheme Name
Tata Fixed Horizon Fund Series 19 Scheme F - Regular Plan
Objective of Scheme
The investment objective of the scheme is to generate income and / or capital appreciation by investing in wide range of debt and money market instruments.
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
10-Sep-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
24-Sep-2008
Indicate Load Separately
Entry Load: Nil Exit Load: 0.50% if redeemed before maturity. Nil on maturity
Offer Price (Rs.)
10/-
Minimum Subscription Amount
10,000
Maturity Period
3 months
September 15th, 2008
Monday, September 15, 2008 11:44:53 AM IST
News of Lehman filing for Chapter 11 Bankruptcy, AIG on the edge of financial troubles, ML taken over by Bank of America, crude below $99 levels and the appreciating dollar are impacting the Asian markets. Nifty at sub-4000 levels
CNX IT is down by 7.48% with Software Development companies expecting not many orders from their lucrative US-dominated Banking and financial services. Bank Nifty is down 6.98%
BSE Realty index is down 9.1% followed by IT and Power which are down over 6.7% each.
Top losers on the Nifty include Unitech (down over 10%), Reliance Infra, Satyam, Tata Communications, Sterlite, IDEA, Reliance Power, Zee Limited, Siemens and DLF.
1 U.S. dollar = 45.5207 Indian Rupees
1 U.S. dollar = 106.0445 Japanese Yens
1 U.S. dollar = 0.6979 Euros
1 Ounce Gold = $783.00
September 15th, 2008
Monday, September 15, 2008 10:34:39 AM IST
News of Lehman filing for Chapter 11 has brought panic across global markets. Indian stock markets opened the day on an extremely weak note and almost all sectors took a shake. Nifty is down over 5%. BSE Sensex lost 680 points in the first half hour of trade.
CNX IT is down 6.11% with Satyam down by over 9.69%. The script is trading at 367.85 levels on NSE now. Banking stocks too corrected a bit. Bank Nifty is down 5.79%. Oriental Bank is down over 8.07%. Axis Bank and ICICI Bank corrected by 7%. Kotak Bank and Union Bank are down over 6.7% each.
Realty, Bankex, IT, Power are the biggest sectoral losers on the BSE. The BSE Sensex is now testing 14000 levels. BSE Midcap and Smallcap indices are down 4.3% and 3.39% each.
1 U.S. dollar = 45.5207 Indian Rupees
1 U.S. dollar = 106.0445 Japanese Yens
1 U.S. dollar = 0.6979 Euros
1 Ounce Gold = $780.60
September 15th, 2008
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