Posts filed under 'Mutual Funds'
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
Bharti AXA Mutual Fund has filed the draft offer documents before SEBI. The documents are now put on SEBI Website on November 17, 2009 for public to offer their comments on the adequacy of disclosures in the draft offer documents. The Bharti AXA Large Cap Fund will be an open-ended equity scheme.
Investment Objective
Investment objective is to generate long-term capital growth from a diversified portfolio of equity and equity-related securities in the large cap universe
The Scheme is not providing any assured or guaranteed returns. Further, there can be no assurance that the investment objectives of the scheme will be realized
Investment Options
The scheme offers three investment options:
1. Growth Option for capital appreciation
2. Quarterly Dividend Option offering Dividend Re-investment and Dividend Pay-out facilities
3. Regular Dividend Option offering Dividend Re-investment and Dividend Pay-out facilities
S&P CNX Nifty Index will be taken as the Benchmark.
Load Structure
Entry Load: Not Applicable
Exit Load: 1% if redeemed within 1 year from the date of allotment
Daily and Monthly SIP/STP options are available
November 20th, 2009
Entry and exit at pre-set levels to help investors take charge of their investments
Hyderabad, October 7, 2009 – Fidelity Mutual Fund is launching a new feature – Auto Switch - for its funds. The Auto Switch facility allows investors to automatically switch in to and switch out of Fidelity’s equity funds based on pre-set entry and exit trigger levels. With the Auto Switch – Entry Facility, investors can invest in any of Fidelity’s fixed income funds and switch in to any of Fidelity’s equity funds at pre-set BSE Sensex levels. Conversely, the Auto Switch – Exit Facility allows investors to switch in to fixed income funds, the appreciation of their investments in equity funds or the appreciation plus the principal at pre-set NAV levels. The Auto Switch facility will be available from October 8, 2009.
Speaking about the launch of the Auto Switch Facility, Ashu Suyash, Managing Director and Country Head – India, Fidelity International, said, “In our conversations with investors during volatile markets, we found that there was a need for some product features that would help investors take charge of their investments. Fidelity’s Auto Switch facility allows investors to invest in our equity funds at market levels that they are comfortable with and it allows them to book their gains at specified NAV appreciation levels so that they do not forego accrued returns. The pre-determined triggers for entry and exit take emotion and sentiment out of the decision.”
The Auto Switch – Entry Facility gives investors the choice of specifying up to four trigger points linked to BSE Sensex levels and they can choose the percentage of units to be transferred from a fixed income fund to the equity fund of their choice, in multiples of 5% with a minimum of 10%. In the Auto Switch - Exit Facility, triggers would be based on the percentage appreciation in NAV, with investors specifying the exact trigger value in multiples of 5% with a minimum of 10%. Once the exit trigger activates, the investor will have the option of redeeming the appreciation value or the total investment. Exit loads will apply as applicable to the selected fund.
About Fidelity
Fidelity International’s Indian asset management company started operations in the country with its first fund, the Fidelity Equity Fund, which was launched in March 2005. Today, with total assets under management of over Rs. 9200 crores (Source: AMFI - average AUM in September 2009) and more than 16 lakh customer accounts, Fidelity offers Indian investors investment options through its five equity funds and five fixed income / hybrid funds. For more information, please visit www.fidelity.co.in
FIL Fund Management Private Limited is the Indian arm of Fidelity International, one of the world’s leading global investment management companies with operations in 23 countries and more than US$179.8 billion in assets under management (as at June 30, 2009). FIL provides mutual funds, retirement services, including defined benefit and defined contribution pension schemes, and specialist institutional mandates to individual and institutional investors outside the Americas. FIL’s US affiliate, Fidelity Management and Research LLC (FMR) is one of the US’ largest mutual fund companies and manages over US$1.3 trillion (as at June 30, 2009) in assets. FIL has constant access to the investment analysis carried out by FMR and Pyramis. Central to Fidelity’s success is a pioneering spirit, a commitment to innovation that sets new industry standards and an unmatched investment in research, talent, technology and investor education.
Media contacts: Kiran Makhija / SV Shweta, Adfactors PR, 9820937572 / 9619105070, kiran.makhija@adfactorspr.com; sv.shweta@adfactorspr.com
October 7th, 2009
Mutual Fund
Mirae Asset Mutual Fund
Scheme Name
Mirae Asset Cash Management Fund
Objective of Scheme
The investment objective of the scheme is to seek to generate returns linked to short end rates like MIBOR and CBLO etc. and provide higher liquidity by investing in a portfolio of debt and money market instruments. The Scheme does not guarantee any returns.
Scheme Type
Open Ended
Scheme Category
Liquid
New Fund Launch Date
5-Jan-2009
New Fund Earliest Closure Date
6-Jan-2009
New Fund Offer Closure Date
6-Jan-2009
Indicate Load Separately
Entry Load - Nil Exit Load - Nil
Offer Price (Rs.)
1000
Minimum Subscription Amount
5000
January 6th, 2009
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