Axis Mutual Fund launches Triple Advantage Fund

Axis Mutual Fund has launched a new fund as Axis Triple Advantage Fund, an open ended hybrid fund. The Investment objective of the scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold Exchange Traded Funds.

The New Fund Offer (NFO) open for subscription from June 30, 2010 to July 29, 2010. The scheme re-opens for continuous sale and repurchase on or before August 28, 2010. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.

The scheme offers growth and dividend option. Dividend option offers payout and reinvestment facility.

The minimum subscription amount is Rs 5,000 and in multiples of Re 1/- there after. For additional purchases Rs 1000 and in multiples of Re 1 thereafter.

Entry Load: Nil, Exit Load: 1% if redeemed / switched - out within 1 year from the date of allotment.

The scheme would allocate 30% - 40% of assets in equity and equity related instruments. It would allocate 30% to 40% of assets in debt & money market instruments. It would further allocate 20% to 30% of assets Gold Exchange Traded Funds.

The Scheme performance would be benchmarked against a customized composite benchmark consisting of S & P CNX Nifty (35%), CRISIL Composite Bond Fund Index (35%) and INR Price of Gold (30%).

The scheme will be managed by Mr. Chandresh Nigam and Mr. Ninad Deshpande.

Source: http://www.moneycontrol.com/news/mf-news/axis-mutual-fund-launches-triple-advantage-fund-_467211.html

IDFC Infrastructure Fund files offer document with Sebi

IDFC Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch IDFC Infrastructure Fund, an open ended equity fund. The new fund offer (NFO) price for the scheme will be Rs 10 per unit.

The investment objective of the scheme is to seek to generate long-term capital growth through an active diversified portfolio of predominantly equity and equity related instruments of companies that are participating in and benefiting from growth in Indian infrastructure and infrastructural related activities.

The scheme shall offer growth and dividend option.

The scheme would allocate 65% to 100% of assets in equity & equity related securities in companies engaged in infrastructural and infrastructural related activities, upto 35% of assets in debt & money market instruments and upto 35% of assets in securitised debt instruments.

Entry load will be nil for the scheme. Exit load charge will be 1% if redeemed within 365 days from the date of allotment/investment.

Minimum application amount will be Rs 5000.

The minimum subscription (target) amount of Rs 1 crore is expected to be raised during the NFO period.

The scheme's performance will be benchmarked against FTSE-IDFC India Infrastructure index.

The fund manager of the scheme will be Mr. Kenneth Andrade.

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24#

ICICI Pru Regular Savings Fund files offer document with Sebi

ICICI Prudential Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch ICICI Prudential Regular Savings Fund, an open ended income fund. The new fund offer (NFO) price for the scheme will be Rs 10 per unit.

The scheme intends to provide reasonable returns, by maintaining an optimum balance of safety, liquidity and yield, through investments in a basket of debt and money market instruments with a view to delivering consistent performance.

The scheme shall offer growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facility with dividend reinvestment as default facility.

The scheme would allocate upto 100% of assets in debt securities (including government securities) with maturity more than 1 year. It would further allocate upto 100% of assets in money market securities.

Entry load will be nil for the scheme. If the amount sought to be redeemed or switched out is invested upto 1 year an exit load of 2% of the applicable NAV will be charged. If the amount sought to be redeemed or switched out is invested for a period of more than 1 year the exit load charge will be nil.

Minimum application amount will be Rs 15000.

The minimum subscription (target) amount of Rs 1 lakh is expected to be raised during the NFO period.

The scheme's performance will be benchmarked against CRISIL Composite Bond Fund Index.

The fund manager of the scheme will be Chaitanya Pande.

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24

ICICI Pru MIP 5 files offer document with Sebi

ICICI Prudential Mutual Fund has filed an offer document with Securities and Exchange Board of India (SEBI) to launch ICICI Prudential MIP 5, an open ended income scheme. The new fund offer (NFO) price for the scheme will be Rs 10 per unit.

The scheme seeks to generate regular income through investments in fixed income securities so as to make regular dividend distribution to unitholders seeking the dividend option. The secondary objective of the scheme is to generate long-term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments.

The scheme shall offer cumulative and dividend option. Cumulative option shall also have the facility of Automatic Encashment Plan. Dividend option shall have dividend payout and dividend reinvestment facility with dividend reinvestment as default facility.

The scheme would allocate 90% to 100% of assets in debt securities, money market instruments & cash. It would further allocate upto 10% of assets in equities & equity related securities.

Entry load will be nil for the scheme. If the amount sought to be redeemed or switched out is invested upto 1 year an exit load of 1% of the applicable NAV will be charged. If the amount sought to be redeemed or switched out is invested for a period of more than 1 year from the date of allotment the exit load charge will be nil.

Minimum application amount under cumulative option will be Rs 5000 and Rs 25000 under dividend & automatic encashment plan.

The minimum subscription (target) amount of Rs 1 lakh is expected to be raised during the NFO period.

The scheme's performance will be benchmarked against CRISIL MIP Blended Index.

The fund manager of the scheme will be Mr. Kuldeepsinh Jagtap

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24

Reliance Capital plans Islamic funds

A subsidiary of Reliance Capital Asset Management will launch two Islamic funds in Malaysia by July and roll out products for retail investors in two years, a company official said on Tuesday.

Reliance, India's largest asset management company, will launch a fund investing in Indian stocks next week and a quantitative global equity fund investing in the US, Europe and Asia in July. Both funds would be managed out of Malaysia.

"The long-term objective is to target the retail sharia market in the region," said Vikrant Gugnani, Reliance Capital's international businesses CEO.

"We believe the retail story in Malaysia has yet to unfold and we want to be positioned well before to take advantage of (it)."

Reliance Capital Asset Management, which manages more than $33 billion, is part of financial services firm Reliance Capital.

Source: http://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/Reliance-Capital-plans-Islamic-funds/articleshow/6104845.cms

IDFC Capital Protection Oriented Fund – Series III Floats On

IDFC Mutual Fund has launched a new fund named as IDFC Capital Protection Oriented Fund – Series III, a three year close ended scheme. The scheme shall mature on 26 August 2013. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 28 June and closes on 11 August 2010.

The investment objective of the scheme is to protect the capital by investing in high quality fixed income securities as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective.

The scheme offers dividend and growth option.

The scheme would allocate up to 16% of assets in equities & equity related securities with high risk profile. It would further allocate 84% to 100% of assets in debt securities & money market instruments (of which up to 30% would be in securitized instruments) with low to medium risk profile. Equity Derivatives (futures and options) may be used in place of cash equities with the condition that the total notional exposure together with the investments in equities will not exceed the allocation of the corpus towards equity investments at any point of time.

The minimum investment amount is Rs 5,000 and in multiples of Rs 10 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.

Entry and entry load charge shall be nil for the scheme.

The Scheme's performance will be benchmarked against CRISIL MIP Blended Index.

Ashwin Patni will be the fund manager for the scheme.

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24

Franklin Templeton MF Declares Dividend for Templeton India Income Opportunities Fund

Franklin Templeton Mutual Fund has declared dividend on the face of Rs 10 per unit under dividend option of Templeton India Income Opportunities Fund. The record date for the dividend has been fixed as 5 July 2010.

The quantum of the dividend will be Rs 0.075 per unit for Individuals & HUF and Rs 0.069 per unit for Others. All the investors registered in the dividend plan whose names appear on the register of unitholders on the record date shall be eligible for receiving the dividend. The investors in the dividend re-investment option will be allotted units for the dividend amount at the NAV of 6 July 2010. The NAV of the scheme stood at Rs 10.5351 per unit as on 25 June 2010.

Templeton India Income Opportunities Fund seeks to provide regular income and capital appreciation by investing in fixed income securities across the yield curve.

Source: http://www.apollosindhoori.cmlinks.com/MutualFund/MFSnapShot.aspx?opt=9&SecId=10&SubSecId=22,24

Motilal Oswal Mutual Fund launches its maiden fund

Motilal Oswal Mutual Fund has launched a new open ended Exchange Traded Fund (ETF) namely, MOSt Shares M50 ETF. The new fund offer would remain open from 30th June, 2010 to 19th July, 2010. The minimum investment amount of the scheme is Rs 10,000. The investment objective is to seek investment return that corresponds (before fees and expenses) generally to the performance of the MOSt 50 Index (Underlying Index), subject to tracking error. The scheme will allocate 95 per cent to 100 per cent of assets in securities constituting MOSt 50 Basket with medium to high risk profile. It would further allocate up to 5 per cent of assets in debt and money market instruments and cash at call with low to medium risk profile. The scheme will be managed by Mr. Rajnish Rastogi and will be benchmarked against S&P CNX Nifty Index.

Source: http://finance.indiamart.com/cgi-bin/mutual_top_stories.cgi?news_headline=Motilal+Oswal++Mutual+Fund+launches+its+maiden+fund@

Taurus MF launches multi-exposure Taurus MIP Advantage

Taurus Mutual Fund on Tuesday announced the launch of Taurus MIP Advantage, which has incorporated multi-level exposure in major asset classes - debt, equity and gold.

"We feel it is an appropriate time to expand our product basket with a fund that will allow investors to stay invested over the long-term and benefit from a blend of the three most attractive asset class in a single portfolio. Each of these asset classes have their strengths and potential to generate good returns for investors in dynamic market conditions," Taurus MF CEO Waqar Naqvi told reporters here.

Taurus MIP Advantage will provide 65-95 per cent debt exposure, 5-25 per cent exchange traded fund gold and 0-25 per cent to equity, he said.

The funds' NFO, which opens today, will close on July 23, he said.

This fund is suitable for all market conditions as the fund managers will have flexibility to rebalance the portfolio in varying market scenarios with a potential to deliver superior risk adjusted return, Naqvi said.

Source: http://economictimes.indiatimes.com/personal-finance/mutual-funds/mf-news/Taurus-MF-launches-multi-exposure-Taurus-MIP-Advantage/articleshow/6105915.cms