DSP BlackRock MF launches DSP BlackRock World Agriculture Fund

DSP BlackRock Mutual Fund has launched DSP BlackRock World Agriculture Fund, an open-ended fund of funds-overseas scheme.

The investment objective of the scheme is to seek capital appreciation by investing predominantly in units of BlackRock Global Funds World Agriculture Fund (BGF - WAF). The Scheme may, at the discretion of the investment manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus.

The exit load, when the holding period from date of allotment is less than 12 months, is 1%. When the holding period is 12 months and longer, the exit load is nil.

The new issue closes on 14 October 2011.

The minimum investment amount is Rs5,000 and in multiples of Re1 thereafter.

The benchmark for comparing the performance of the scheme is the DAX Global Agribusiness Index. Mehul Jani (dedicated fund manager for overseas investments) is the fund manager.

Source: http://www.moneylife.in/article/dsp-blackrock-mf-launches-dsp-blackrock-world-agriculture-fund/20207.html

Taurus Mutual Fund launches Taurus Opti Plans.

There are two facilities under Taurus Opti Plans (TOP) viz. Taurus Opti SIP and Taurus Opti STP.

Taurus Mutual Fund has introduced Taurus Opti Plans (TOP), which will be available to investors in all the open ended schemes of Taurus Mutual Fund where facility of Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) has been provided. 

There are two facilities under Taurus Opti Plans (TOP) viz. Taurus OptiSIP and Taurus OptiSTP.  By opting for TOP, investors can optimise the returns on their investment as they get to define the upper and lower limits of investment to be made at desired frequency to achieve their financial goal.  By doing so (defining limits), the customer will invest a higher amount within the defined limit and buy more units when the markets are low and vice versa.

Commenting on the introduction of new facilities Waqar Naqvi, CEO of Taurus Mutual Fund said, "We have introduced Taurus Opti Plans to provide more convenience and flexibility to investors.  We believe that this flexibility of investment amount in the facility will attract more investors and investments in this choppy and volatile market, where timing the market could go against the investor.”

The Taurus Opti Plans facility has been introduced with effect from 28th September 2011.

Source: http://www.indiainfoline.com/Markets/News/Taurus-Mutual-Fund-launches-Taurus-Opti-Plans/5255004447