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:
Baroda Pioneer Fixed Maturity Plan - Series 1
Baroda Pioneer Liquid Plus Fund
Edelweiss ELSS Fund
Edelweiss Nifty Enhancer Fund
Add commentOctober 29th, 2008
Scheme Name
Tata Liquid Super High Institutional Plus Plan
Objective of Scheme
The investmen objective of the scheme is to create a highly liquid porfolio of good quality debt as well as money market instruments so as to provide resonable returns and high liquidity to the unitholders
Scheme Type
Open Ended
Scheme Category
Liquid
New Fund Launch Date
27-Oct-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
27-Oct-2008
Indicate Load Separately
Entry Load: Nil Exit Load: Nil
Offer Price (Rs.)
1000/-
Minimum Subscription Amount
20,00,00,000
Add commentOctober 27th, 2008
Scheme Name
HDFC FMP 90D October 2008 (3)
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
24-Oct-2008
New Fund Earliest Closure Date
29-Oct-2008
New Fund Offer Closure Date
29-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 5000
Add commentOctober 27th, 2008
Scheme Name
Birla Sun Life Fixed Term Plan Series BI
Objective of Scheme
The Scheme seeks to generate current income by investing in a portfolio of fixed income securities maturing normally in line with the duration of Scheme
Scheme Type
Close Ended
Scheme Category
Income
New Fund Launch Date
23-Oct-2008
New Fund Earliest Closure Date
4-Nov-2008
New Fund Offer Closure Date
4-Nov-2008
Offer Price (Rs.)
Rs. 10/- Per Unit
Minimum Subscription Amount
Minimum 5000/- and in multiples of 1 thereafter
Add commentOctober 27th, 2008
First it is the Asian stock markets, then similar effect appeared on the European stock markets and the spill had little impact on the US markets, a black friday.
The BSE 30 and Seoul Composite are down over 10.5% followed by Nikkei 225, Hang Seng and Straits Times showing immense selling. The damage is also evident when the European markets opened their trading day. No surprises, all major European indices are ticking anywhere between 4% to 9% in the red.
The US stock markets though didn’t show that much of panic as expected. The Dow Jones Composite Average is down 75 points or 2.45%. The Dow Jones Industrial Average, the DJ Transportation Average, the DJ Utility Average are all down just about 2% each.
The NYSE though should some amount of selling. The NYSE Composite index is down 4%. The NASDAQ 100 is down 2.7%. while S&P 100 is down 3.8%
1 U.S. Dollar = 49.5294 Indian Rupees
1 U.S. Dollar = 0.7945 Euros
1 U.S. Dollar = 0.7945 GBP
1 Ounce Gold = $713.20
1 Barrel Crude Oil = $64.69
Friday, October 24, 2008 8:56:57 PM IST
Add commentOctober 24th, 2008
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