Archive for September 19th, 2008
Scheme Name
Birla Sun Life Fixed Term Plan – Half Yearly Series 5
Objective of Scheme
Fixed Returns
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
18-Sep-2008
New Fund Earliest Closure Date
22-Sep-2008
New Fund Offer Closure Date
22-Sep-2008
Offer Price (Rs.)
10
Minimum Subscription Amount
5000
September 19th, 2008
Friday, September 19, 2008 3:40:44 PM IST
The Indian stock markets took a bull run after days of immense weakness. The Nifty managed to get to the 4200 levels and sustain there by closing bell. The NSE Nifty closed at 4251.60 while the BSE Sensex closed at 14079.88 levels.
The markets had a gap up opening at the opening hours and traded flat for a couple of hours before buying interest came in. The Realty, IT, Oil & Gas stocks drove the market to the highs.
CNX IT closed up 6.48%. Bank Nifty closed up 3.98%. CNX 100 closed up at 5.18% and CNX 500 closed up at 4.69%.
Satyam topped the Nifty gainers list. The script opened at 350.25 and closed at 372.70 touching an intraday high of 373.95. The stock is up 11.02% today. ICICI Bank, HDFC, Tata Power, IDEA, SAIL, HCL Tech, TCS, Cipla and ONGC are the other gainers. Hero Honda, BPCL and SBI closed in the red today.
The BSE Midcap and Smallcap indexes closed up 3.05% and 2.36% respectively.
1 U.S. dollar = 46.1552 Indian Rupees
1 U.S. dollar = 106.6211 Japanese Yens
1 U.S. dollar = 0.7037 Euros
1 Ounce Gold = $837.90
1 Barrel Crude Oil = $99.78
September 19th, 2008
Friday, September 19, 2008 10:28:24 AM IST
The panic selling rally in the markets for the last two days seems to have cooled off a bit after the American and the Asian markets came back to the green. Nifty is up 2.88% at 4154.44 but is still below the anticipated 4200 mark
The statements from the ICICI Bank saying its exposure to Lehmans and soothing words from the Indian Finance Minister Chidambaram about the Indian banks have boosted the morale and the markets sentiments. Some amount of buying is evident in select stocks.
CNX IT is up 4.06% and Bank Nifty is up 2.04%. CNX 100 is up 2.81% and CNX 500 is up 2.55%
The Sensex is at 13721.82 up 406.22 or 3.05%. The Midcap and Smallcap index are up 2.10% and 1.93% each. IT, Realty, Power, Capital Goods, Consumer Durables are all up in the green.
HDFC, HCL Tech, Wipro are up over 5% each. Tata Communications, Satyam, TCS, HDFC Bank, Bharti Airtel, Nalco and Siemens are the other stocks in the green. Hero Honda, Reliance Communications and BPCL are in the red.
1 U.S. dollar = 46.3606 Indian Rupees
1 U.S. dollar = 104.7559 Japanese Yens
1 U.S. dollar = 0.6964 Euros
1 Ounce Gold = $846.30
1 Barrel Crude Oil = $97.98
September 19th, 2008
Scheme Name
Reliance Fixed Horizon Fund - X - Series 3
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
18-Sep-2008
New Fund Earliest Closure Date
18-Sep-2008
New Fund Offer Closure Date
29-Sep-2008
Indicate Load Separately
Entry Load - Nil Exit Load - 2.00% if redeemed on or before completion of 6 months,1.00% if redeemed between 6 months-1 day till the maturity of the scheme
Offer Price (Rs.)
Rs.10/- per unit.
Minimum Subscription Amount
Rs: 5000(Retail),Rs50Lakhs (Inst),Rs1 Cr(Super Inst)
September 19th, 2008
Scheme Name
Fidelity Fixed Maturity Plan - Series 1 - Plan C
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
15-Sep-2008
New Fund Earliest Closure Date
22-Sep-2008
New Fund Offer Closure Date
22-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.
Sub-plans
Each Plan offers two Sub-Plans - Retail Plan and Institutional Plan.
Options
Each sub-plan offers Growth option and the Dividend option. Any dividend declared under the Dividend Option will be compulsorily paid out.
September 19th, 2008