IDFC MF files offer document with Sebi

Name of Fund: IDFC Nifty Fund

Scheme: An open ended index linked equity scheme.
Investment Objective: The investment objective of the scheme is to replicate the S&P CNX Nifty index by investing in securities of the CNX Nifty Index in the same proportion/ weightage.
Investment Options: There will be three plans viz. Retail Plan A, Retail Plan B and Pension Plan.
Retail Plan A & Retail Plan B: A plan, which will receive subscriptions from all categories of investors other than subscriptions received from NPA trusts registered under PFRDA guidelines.
Pension Plan: A Plan, which will receive subscriptions only from NPS Trusts registered under PFRDA guidelines. In case the investor does not select any particular plan, Retail Plan A shall be the default plan.
There are dividend and growth option under the plans. Growth plan is suitable for investors who are not looking for dividend. Dividend option is suitable for investors seeking income through dividend declared by the scheme Reinvestment facility is also available Under this option, the Fund will endeavor to declare dividends from time to time. The dividend shall be dependent on the availability of distributable surplus.
Asset Allocation: The fund will invest upto 80%-100% in Securities covered by the Nifty and 0-20% in Debt & Money Market instruments (Investments in Derivatives – upto 100%. Investments in Securities Lending – upto 35% of the net assets of the scheme. Investments in Foreign instruments/securities – up to 35% of the net assets of the scheme).
The net assets of the scheme/Plan will be invested predominantly in stocks constituting the S&P CNX Nifty and / or in exchange traded derivatives on the S&P CNX Nifty. This would be done by investing in almost all the stocks comprising the S&P CNX Nifty Index in approximately the same weightage that they represent in the S&P CNX Nifty Index and / or investing in derivatives including futures contracts and options contracts on the S&P CNX Nifty Index. A small portion of the net assets will be invested in money market instruments permitted by SEBI / RBI including call money market or in alternative investment for the call money market as may be provided by the RBI, to meet the liquidity requirements of the scheme/plan.
NFO price: Rs 10 per unit
Load structure:
For Retail Plan A:
Entry load during the NFO period and on going offer period (for purchases/ switch ins):
Investment of less than Rs 5 crore (including by way of SIP/STP): 2.25%
Investment of Rs 5 crore (including by way of SIP/STP):Nil
Investment by an FOF (irrespective of the amount of purchase): Nil
As a result of Dividend Re-investment: Nil
No entry load shall be chargeable in case of switches from other equity schemes of the Mutual Fund (other than from IDFC Arbitrage Fund and IDFC Arbitrage Plus Fund)
Exit load for redemption/ switch outs:
Within 1 year from the date of subscription applying first in first out basis, (including investments through SIP/STP): 1%
After 1 year from the date of subscription applying first in first out basis, (including investments through SIP/STP): Nil
By a FOF (irrespective of the amount of Redemption): Nil
Retail Plan B:
Entry Load: Nil
Exit load for redemption/ switch outs:
Within 1 year from the date of subscription applying first in first out basis, (including investments through SIP/STP): 1%
After 1 year from the date of subscription applying first in first out basis, (including investments through SIP/STP): Nil
By a FOF (irrespective of the amount of Redemption): Nil
No Entry / Exit Loads / CDSC will be chargeable in case of switches made between different options of the Scheme.
Pension Plan:
Entry Load: Nil
Exit Load: Nil
Minimum Investment Amount: The minimum application amount is Rs. 500 and in multiple of Re. 1 thereafter in all the Plans under the scheme(s).
Minimum Target amount: The Fund seeks to collect a minimum subscription amount of Rs.1 crore.
Benchmark Index: The scheme's performance will be benchmarked against S&P CNX Nifty.
Fund Managers: Punam Sharma is the fund manager for the scheme.

Source: http://www.apollosindhoori.com/Default.htm

IDFC MF adds new plan in its liquid fund

IDFC Mutual Fund has decided to introduce a new plan as Plan D in IDFC Liquid Fund (IDFC-LF) with effect from 18 May 2009.
The minimum application amount under the scheme is Rs 500 and in multiples of Re 1. The entry and exit load under the plan is nil. The investment objective, asset allocation pattern, investment portfolio, benchmark, applicable NAV etc of the Plan D shall be the same as that of existing Plan A of IDFC Liquid Fund (IDFC-LF).
IDFC Liquid Fund seeks to provide high liquidity by investing in a portfolio of money market instruments and debt instruments.

Source: http://www.apollosindhoori.com/Default.htm

GENERAL ELECTIONS 2009

Snap Shot:
Left ready to sit in Opposition
Sonia & Rahul speak to PM on key portfolios, say sources
Sources to CNN-IBN: No compromise on key portfolios
Finance, home, MEA, defence to be with Congress
Sonia congratulates PM Manmohan Singh
Left Front to sit in Opposition
Suresh Kalmadi leads from Pune
Gurudas Dasgupta leads from Ghatal
Sri Prakash Jaiswal leads in Kanpur
Sajad Gani Lone trails in Baramulla

10:55
Senior Congress leader Ambica Soni is extremely happy. She had predicted over 230 seats for the UPA. She thinks that the BJP committed a great blunder by attacking the PM Dr. Manmohan Singh.
10:42
Maharashtra - Neck and neck fight. But the Congress - NCP combine maintains a clear lead. It looks like the urban India has gone with the Congress. BJP still thinks that game is not yet over. Celebration has begun at the Congress head quarters and outside 10, Janpath, the residence of Sonia Gandhi.
10:34
Poll data analyst Rajeev Kharandikar had predicted the UPA's massive lead. He says that Tamilnadu and West Bengal data convinced him that UPA was ahead.
10:30
The trends from U.P and West Bengal are really really remarkable. TMC - Cong alliance sweeping West Bengal. Surprisingly, the BJP is leading in 3 seats.
10:22
DMK leader Dayanidhi Maran is full of confidence. Hoping to win over 30 seats in Tamil Nadu.
10:16
Dr.Manmohan Singh is most likely to become the PM once again. It will be a decisive victory for both Dr. Singh and UPA. Singh is Kiing again! It will be the end of Advani era in the BJP.
10:12
Two hours after counting started - UPA is ahead of NDA by a huge margin. Third Front distant third. First result has come from Lakshdweep. Congress has won.
9:48
Congress is doing very well in Delhi. Congress - NC leading in J&K. PDP is down. Congress/UPA doing well in Central and North India. Engaged in a neck and neck fight in South and Eastern India.
9:42
Getting initial trends from Maharashtra. Congress - NCP ahead. BJP should be worried, if the same trend translates into seats. BJP was expecting huge gains. BJP is not doing so well in M.P, Rajasthan, Gujarat and Karnataka. The Left Front suffers initial setbacks in West Bengal.
9:29
Fascinating initial trends. BJP and Congress are leading in U.P. They are ahead of BSP and SP. Congress is doing very well in Rajasthan. Neck and neck fight in Gujarat.
9:13
Initial trends of LS in A.P is in favour of Congress. Think the Chief Minister Dr. YSR Reddy is giving a good fight. A.P is the most watched state for both Assembly and LS results.
9:08
NDA's biggest ally JDU is making huge gains in Bihar as expected. Lalu Yadav himself is trailing in Saran. A strong pro-Nitish Kumar wave is sweeping Bihar. If he manages 25-30 seats, Nitish will be the most sought after leader in India.
9:01
One hour elapsed since the counting started. Neck and neck fight continues even after an hour. The neck and neck fight in Kerala continues.
8:50
If the same trend continues and finally translates into seats, India is likely to get a badly hung Lok Sabha. The Third Front is very much there.
8:46
Good news for BJP is coming from Karnataka and Jharkhand, where it is expected to do well. Counting is very fast in Karnataka and Kerala.
8:39
It is now looking a neck and neck fight. The Left is also leading in 4 seats in Kerala. It is really surprising.
8:32
Lord Meghnad Desai bets on the UPA. He still thinks that UPA will win.
8:25
The President Prathibha Patil invites three legal experts to Rashtrapati Bhawan for a discussion on the formation of the next government. She is keenly watching the Lok Sabha results. Her decision will be final.
8:21
Four leads from Karnataka. JDS is leading in 2 seats and Congress and BJP leading in 1 each.
8:18
First lead has come from Vishakhapatnam South Assembly seat. TDP is leading. These are initial trends. They may misguide us. Clearer picture is only after 11 AM.