AIG Investment has announced a revision in the Entry and Exit Load of its mutual fund schemes. There will be an entry load of 2.25 and 1 percent exit load if redeemed within 1 year from the date of allotment for its schemes AIG India Equity Fund, AIG Infrastructure and Economic Reform Fund and AIG World Gold Fund for SIP and STP investments.
Add commentMay 16th, 2008
SBI MF has done it once again. The announcement of a dividend of 40% on a face value of Rs. 10 or Rs. 4 per unit. May 16, 2008 will be taken as the record date for distribution of the dividends. The earlier dividend announcements are made in May 2007 and April 2006, both of which are of 40%
Add commentMay 14th, 2008
Canara Robeco Mutual Fund has announced the merger of two of its existing mutual fund schemes - Canara Robeco Expo and Canara Robeco Fortune 94 with Canara Robeco Equity Diversified Scheme. The effective merger date is April 23, 2008 and existing investors who wish to exit from scheme can do so without any load by April 23, 2008.
The Scheme was initiated in 16th September, 2003 and its objectives are “To generate capital appreciation by investing in equity and equity related securities.”. The scheme’s porfilo has top investment in sectors like Petroleum Products (14.78%), Power (12.76%), Industrial Capital Goods (12.28%), Ferrous Metals (7.90%), Construction (7.14%), Other Equity (38.71%) and MMI & Others (6.43%)
The scheme benchmarks with the BSE 200 and the most recent dividend declaration is on 31.08.2007 for Rs. 3.00 per unit.
Add commentApril 10th, 2008
Draft offer documents for the following mutual fund schemes are submitted and are put for public view and commenting:
Sundaram BNP Paribas FTP - 90 days - Series 7
Add commentMarch 4th, 2008
UTI SPrEAD Fund from UTI Mutual Fund announced a dividend of 8%. This is the first dividend announcement from the fund scheme.
The scheme’s inception date is 22 June 2006 and comes into Open Ended Equity Oriented Scheme category. Mr. Harsha Upadhyaya is the fund manager of the scheme.
The objectives of the scheme are: “The investment objective of the scheme is to provide capital appreciation and dividend distribution through arbitrage opportunities arising out of price differences between the cash and derivative market by investing predominantly in equity & equity related securities, derivatives and the balance portion in debt securities. However, there can be no assurance that the investment objective of the scheme will be realised.”
The Asset Allocaiton of the scheme is as follows: ” Equity: 65-90%, derivatives 65-90%, money market & debt instruments 10-35%”
UTI SPrEAD Fund has Rs. 429.51 Crores as AUM (as of Jan 31, 2008). Its NAV is 11.478 (as of Feb 14, 2008)
Top holdings of the fund include Vijaya Bank, Allahabad Bank, Axis Bank, Sesa Goa and Union Bank of India.
The minimum investment in the scheme is Rs. 5000. There is no entry load into the scheme. Exit Load is 0.75% For < Rs.2 Crores; 0.50% For > = Rs.2 Crores (Effective from 15-Nov-2005). M/s. Karvy Computershare Pvt. Ltd. is the Registrar for this fund.
Add commentFebruary 15th, 2008
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Apr | ||||||
| 1 | 2 | 3 | 4 | |||
| 5 | 6 | 7 | 8 | 9 | 10 | 11 |
| 12 | 13 | 14 | 15 | 16 | 17 | 18 |
| 19 | 20 | 21 | 22 | 23 | 24 | 25 |
| 26 | 27 | 28 | 29 | 30 | 31 | |