Archive for October 16th, 2008
Global banks going on a selling spree have hit the European markets today with almost all of them reporting down between 3 to 8%. The US markets opened flat and are trading mixed.
OPEC is holding the extraordinary meeting on October 24 instead of the initially scheduled mid-November.
Nokia reported a drop in its profit by 30% during the third quarter. Sales declined by 5%
Fuel Hedging has forced Southwest Air to post its first loss since 1991.
The worst performers of the day include ATX (down over 8%), OSE All Share (down over 7%), BEL-20 (down 6.%), CAC 40, AEX General, MIBTel (all down over 5%)
The US markets opened the day flat. Dow is marginally in the green while NASDAQ is up by about 1.2%. S&P 500 index is down marginally.
Sectors in the green include Technology, Services, Cons. Cyclical while those in the red include Financial, Cons Non-Cyclical and Basic Materials.
Merrill Lynch reports a loss of 4.4 billion pounds, a number that is considered worse than what analysts have expected.
1 U.S. dollar = 48.3792 Indian Rupees
1 U.S. dollar = 100.2606 Japanese Yens
1 U.S. dollar = 0.7466 Euros
1 Ounce Gold = $801.10
Thursday, October 16, 2008 9:55:57 PM IST
October 16th, 2008
Scheme Name
HDFC FMP 370D October 2008 (1)
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
16-Oct-2008
New Fund Earliest Closure Date
20-Oct-2008
New Fund Offer Closure Date
20-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 1.50% is payable if units are redeemed/switched-out before Maturity / Final Redemption Date. No Exit Load is payable on Maturity / Final Redemption Date.
Offer Price (Rs.)
10
Minimum Subscription Amount
Wholesale Plan Rs. 10000000 Retail Plan Rs. 5000
October 16th, 2008
Scheme Name
HDFC FMP 181D October 2008 (1)
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
16-Oct-2008
New Fund Earliest Closure Date
23-Oct-2008
New Fund Offer Closure Date
23-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/switched-out before Maturity / Final Redemption Date. No Exit Load is payable on Maturity / Final Redemption Date.
Offer Price (Rs.)
10
Minimum Subscription Amount
Wholesale Plan Rs. 10000000
October 16th, 2008
Scheme Name
Templeton Fixed Horizon Fund Series XI Plan D (367 days 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
16-Oct-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
22-Oct-2008
Indicate Load Separately
Load Structure: Entry: Nil, Exit Load : (On redemption/repurchase/switch-out before maturity of the fund) : 2.50% (Upto completion of 6 months); 2.00% (Upon completion of 6 months but before completion of 9 months); 1.50% (Upon completion of 9 months but before maturity); On Maturity : Nil.
Offer Price (Rs.)
10
Minimum Subscription Amount
5000
October 16th, 2008
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:
Fidelity European Dynamic Growth Fund
Fidelity Global Industrials and Natural Resources Fund
IDFC Fixed Maturity Plan- Monthly Series
Quantum Tax Saving Fund
Religare AEGON Tax Saver Fund
Religare Aegon Business Leaders Fund
October 16th, 2008
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