Archive for December, 2009
The US Stock Markets continued to gain for the sixth straight session, thanks to some late support in the afternoon session. With positive news coming form Japan and China, the stocks made solid gains early on monday morning. There was a little pressure in teh afternoon trade as the banking stocks dipped to a 0.7% loss despite the proposed amendements from the Federal Reserve to offer interest-bearing term deposits to eligible institutions. The telecom and health care sectors were the best performing sectors on Monday as they gained 0.6% and 0.4% respectively.
The commodities market also performed well for the entire session. The CRB Commodity index gained 1.3% and is now at a two-month high. The volume of shares traded on monday were about 700 million and the much action isn’t expected.
Dow Jones: 10,547.08 +26.98 (+0.26%)
NASDAQ: 2,291.08 +5.39 (+0.24%)
S&P: 1,127.78 +1.30 (+0.12%)
December 28, 2009
December 29th, 2009
The following is a list of Mutal Fund Schemes that are in New Fund Offer (NFO):
Franklin Templeton Mutual Fund
Franklin Templeton Fixed Tenure Fund - Series XIII - Plan A
ICICI Prudential Mutual Fund
ICICI Prudential Fixed Maturity Plan Series 50 – 19 Months Plan A
Kotak Mahindra Mutual Fund
Kotak FMP 18M Series 3
Reliance Mutual Fund
Reliance Fixed Horizon Fund - XIII - Series 6
Sundaram BNP Paribas Mutual Fund
Sundaram BNP Paribas - Select Thematic Funds - PSU Opportunities
December 22nd, 2009
Mutual Fund Draft Offer Document filings - December 11, 2009
The following is a list of mutual fund draft offer documents that are submitted for SEBI and are now put on SEBI website for public to offer their comments on the adequacy of disclosures.
Shinsei Government Securities Fund
Tata Gold Fund
December 12th, 2009
The following is a list of ongoing Mutual Fund New Fund Offers (NFO)s.
Baroda Pioneer Mutual Fund
Baroda Pioneer Public Sector Undertaking (PSU) Bond Fund
DSP BlackRock Mutual Fund
DSP BlackRock World Mining Fund
Fidelity Mutual Fund
Fidelity India Value Fund
Franklin Templeton Mutual Fund
Franklin Templeton Fixed Tenure Fund - Series XIII - Plan A
Templeton India Income Opportunities Fund
IDFC Mutual Fund
IDFC Fixed Maturity Plan Seventeen Month Series 1
Kotak Mahindra Mutual Fund
Kotak FMP 18M Series 3
Reliance Mutual Fund
Reliance Fixed Horizon Fund - XIII - Series 3
Sundaram BNP Paribas Mutual Fund
Sundaram BNP Paribas - Select Thematic Funds - PSU Opportunities
December 10th, 2009
The Peerless Funds Management Company Limited (PFMCL), a wholly-owned subsidiary of The Peerless General Finance & Investment Company Limited (PGFICL) announced that it has received the final regulatory approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund operations. With this, PFMCL is all set to start mutual fund business in the country. The first of its products are expected to be out in early 2010 after getting the approvals from the respective authorities.
A press releases said that Mr. A C Chakrabortti, a well known Chartered Accountant and Ex-President of Institute of Chartered Accountants of India and Ex-Managing Partner of Ernst & Young is the Chairman of Peerless Funds Management Co. Ltd. Mr. S B Ganguly, a renowned Corporate Professional and Ex-Chairman of Exide Industries Ltd. is the Chairman of Peerless Trust Management Co. Ltd.”
PGFICL has years of experience in the finance industry and is backed by a strong 100,000 self employed financial advisors and a customer base of 40 millions. It has a network of offices spread over 148 cities across India.
December 9th, 2009