IDBI Mutual Fund has launched IDBI Junior Nifty Index Fund. The investment objective of the scheme is to invest in the stocks and equity related instruments comprising the CNX Nifty Junior Index in the same weights as these stocks represented in the Index with the intent to replicate the performance of the Total Returns Index of CNX Nifty junior index. The scheme will adopt a passive investment strategy and will seek to achieve the investment objective by minimizing the tracking error between the CNX Nifty Junior index (Total Returns Index) and the scheme.
Reliance Mutual Fund has launched a New Fund Offer (NFO) - Reliance Small Cap Fund. The NFO will close on 09-September-2010. The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of small cap companies and the secondary objective is to generate consistent returns by investing in debt and money market securities.
ICICI Prudential mutual fund has launched a 3 years Fixed Maturity Plan (FMP). The last date of the NFO is 23-Aug-2010. The investment objective of the Scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments which mature on or before the date of maturity of the scheme. However, there can be no assurance that the investment objective of the Scheme will be realized.
HDFC Mutual Fund is launching 370 days FMP Series XV, [which will be listed on National Stock Exchange (NSE)] from August 5, 2010 (Thursday) and will close on August 12, 2010 (Thursday). NRI can also apply through their NRO account.
INVESTMENT OBJECTIVE
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk.
SCHEME TYPE
Close ended debt scheme
MINIMUM INVESTMENT DURING NFO
Rs. 5,000/- and in multiples of Rs 10 for purchase and switch-ins.
OPTIONS
Growth and Dividend Payout.
LISTING
The units of the scheme will be listed on NSE on allotment.
BENCHMARK
CRISIL Composite Bond Fund Index
LIQUIDITY
Units of this scheme will be listed on National Stock Exchange. Investors may sell their units in the stock exchange(s) on which these units are listed on all the trading days of the stock exchange. The units cannot be redeemed with HDFC Asset Management Co. until the maturity of the scheme.
Kotak Mutual Fund is launching 370 days FMP Series 6, which will be listed on National Stock Exchange (NSE) from July 23, 2010 (Friday) and will close on July 26, 2010 (Monday). Investor can utilize ASBA (Amount Supported by Blocked Amount). NRI can also apply through their NRO account.
INVESTMENT OBJECTIVE
The investment objective of the Scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest
rate risk.
SCHEME TYPE
Close ended debt scheme
MINIMUM INVESTMENT DURING NFO
Rs. 5,000/- and in multiples of Rs 10 for purchase and switch-ins.
OPTIONS
Growth and Dividend Payout.
LISTING
The units of the scheme will be listed on NSE on allotment.
BENCHMARK
CRISIL Composite Bond Fund Index
LIQUIDITY
Units of this scheme will be listed on National Stock Exchange. Investors may sell their units in the stock exchange(s) on which these units are listed on all the trading days of the stock exchange. The units cannot be redeemed with KMMF until the maturity of the scheme.
Axis Triple Advantage Fund (An open ended hybrid Fund)
(GOLD | EQUITY | FIXED INCOME )
Axis Mutual Fund launched a new fund Axis Triple Advantage Fund consisting of Equity & Equity related instruments (30% - 40%), Debt & Money Market instruments (30% - 40%) and Gold Exchange Traded Fund (20% - 30%). Since this is a new blend of investment of three different category , thus this scheme cannot be compared with any other existing scheme. However, the fund house has set the benchmark as composit benchmark consisting of S & P CNX Nifty (35%), Crisil Composit Bond fund index (35%) and INR price of Gold (30%).
NFO Summary
NFO Start Date: 30-June-2010
NFO Close Date: 29-July-2010
Scheme Re-opens for continuous sale/repurchase: 28-August, 2010
ICICI Prudential Mutual Fund has launched a New Fund Offer from June 30, 2010. AMC aims to invest 95 - 100% in Bullion Gold and 0 - 5% may be kept in Debt and Money Market Securities, under open ended scheme. The objective of the fund seeks to provide investment returns. Fund is tradable at NSE, BSE .
The units of the Scheme are offered at a face value of Rs100 each and will be issued at a premium equivalent to the difference between the allotment price as determined from the actual purchase price of physical gold and the face value of Rs100. The system of domestic prices of Gold derived from the LBMA AM will be used for fixing prices. However, the performance of the scheme may differ from that of the underlying gold due to tracking error.
NFO Summary
NFO Start Date: 30-June-2010
NFO Close Date: 29-July-2010
Scheme Category: Gold ETF
Scheme Type: Open Ended
Entry Load: Nil
Listing at NSE , BSE, Tradable
Offer Price: Rs. 100.00**
Minimum Subscription: Rs. 5,000.00 and additional in multiple of Rs 1/- thereafter.
If the Demat account details are not given, the units will be issued in certificate form but will not be tradable till these are converted into dematerialise form.
NRI/FII/PIO investors (Persons of Indian Origin residing Abroad) can apply on Repatriation and Non-repatriation basis.*
Canara Robeco Mutual Fund has launched NFO Canara Robeco Large Cap+ Fund with the objective to provide capital Appreciation by predominantly investing in companies having a large market capitalization.
Asset allocation pattern will be - LargeCap Equity & Equity related instruments : 65 - 100% , Domestic Debt & MoneyMarket instruments (including scrutinized debt upto 10% of AUM) - 0 - 35%.
Taurus Mutual Fund has launched a new monthly income plan - Taurus MIP Advantage . The fund aims to generate regular income through a portfolio of Fixed income securities, Gold ETFs and equity & equity related instruments. However, there is no assurance or guarantee that the objectives of the scheme will be realized and the scheme does not assure or guarantee any returns.
Mutual Fund, New Fund Offer | admin | September 4, 2010 | 
Comments (0) 
