Draft offer documents of the following Mutual fund schemes are submitted to SEBI for approval and are now put on SEBI website for public view and commenting:
Birla Sun Life 130-30 Fund
Add commentSeptember 26th, 2008
Friday, September 26, 2008 3:49:35 PM IST
Bad times contine on the Indian stock markets as Nifty closed at 3994.65 down by 2.82%. BSE Sensex lost 427.91 points to close down at 13119.27 points or 3.16% down. Realty, Metal, Banking stocks lost the most today.
The trades are weak starting from the opening bell but as mid-day approached, things turned out to be even more worse. A little recovery attempt just before an hour of closing bell was seen but it could not last for long as selling pressure intensified. The markets fianlly close down in red.
CNX 100 is down 2.87% while CNX 500 is down 2.93%. CNX Midcap is down 2.74%. CNX IT is down 3.12% while Bank Nifty is down 3.88%
Ranbaxy and Unitech are the two top losers on the Nifty today. Ranbaxy closed at 273.95 down 7.48% while Unitech closed at 112.15 down by 6.34%. Other top Nifty losers in todays trade include SAIL, ABB, M&M, ICICI Bank, Sterlite, HCL Tech, Siemens and BHEL.
Top Nifty gainers of the day are Tata Communications, ITC, Unileaver, Zee Limited, ACC, Sun Pharma and GAIL.
The BSE Midcap and Smallcap indices closed down 2.73% and 2.76% respectively. BSE 100, BSE 200 and BSE 500 are all down over 3% indicating that the selling is across the board.
FMCG is the lone sectoral index in the green indicating money is moving away from other sectors and into the often considered defensive FMCG.
1 U.S. dollar = 46.1659 Indian Rupees
1 U.S. dollar = 105.5408 Japanese Yens
1 U.S. dollar = 0.6836 Euros
1 Ounce Gold = $871.00
1 Barrel Crude Oil = $105.01
Add commentSeptember 26th, 2008
Friday, September 26, 2008 10:40:12 AM IST
The Indian stock markets took a gap down opening this morning. Nifty slipped 1.52% and is at 4048.15 levels while Sensex has shed 205.14 points and is at 13342.04 down by 1.51%. Stock markets all round the world are now worried about European countries going into a recession-like trend.
CNX 100 is down 1.40% while CNX 500 is down 1.31%. CNX Midcap index is down 0.95%. IT stocks are hit once again. CNX IT is down 2.12% while Bank Nifty is down 1.50%.
Top Nifty losers in the early minutes of trade include Suzlon, NALCO, HCL Tech, Ambuja Cements, TCS, ICICI Bank, SAIL, Tata Steel, HDFC and ONGC. Though the declining stocks are more than the inclining ones, the few Nifty gainers so far are Tata Communications, Hindustan Unileaver, ACC and Reliance Infra.
The BSE Midcap index is down 0.83% while BSE Smallcap index is down 0.17%. All sectoral indices on the BSE are in the red with Realty, IT and Metal stocks leading in the red.
1 U.S. dollar = 45.9791 Indian Rupees
1 U.S. dollar = 106.2812 Japanese Yens
1 U.S. dollar = 0.6844 Euros
1 Ounce Gold = $877.40
1 Barrel Crude Oil = $106.60
Add commentSeptember 26th, 2008
Scheme Name
HDFC FMP 90D September 2008 (4)
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
26-Sep-2008
New Fund Earliest Closure Date
1-Oct-2008
New Fund Offer Closure Date
1-Oct-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. 10000000 Retail Plan Rs. 5000
1 commentSeptember 26th, 2008
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