Sahara Mutual Fund has launched Sahara  Super 20 fund.  The new fund offer has been thrown open to public from 25th June,09.  The NFO will continue till 23rd July, 09.

Its an open-ended growth fund offered at the price of Rs. 10 per unit (plus applicable 2.25% entry load). The minimum investment amount is Rs.5000/-

The investment objective of the scheme would be to provide long term capital appreciation by investing in predominantly equity and equity related securities of around 20 companies selected out of the top 100 largest market capitalization companies, at the point of investment.

20-20 has revolutionised cricket. Let’s see what Super-20 does to mutual fund industry!

Quantum AMC has introduced a unique mutual fund that invests not in equity shares but in diversified equity schemes of mutual fund. Yes! it’s a fund that invests in other mutual funds. It has been named as Quantum Equity Fund of Funds. The NFO will be available for purchase from 26th June to 13th July.

Minimum Investment: Rs. 5000

Entry Load: Nil     |      Exit Load: 1.5% within 1 year

Investment Objective: The investment objective of the scheme is to generate long-term capital appreciation The scheme will invest in a portfolio of open-ended diversified equity schemes of mutual funds registered with SEBI

What is this Fund all about: It is an Equity Fund of Funds - It would invest in 5-10 diversified equity schemes of other mutual funds

Asset Allocation: 90-100% in Equity Schemes | 0-10% in Money Market Instruments

SO, IS THIS A GOOD INVESTMENT OPTION?

The fund house claims that the Equity fund of funds will simplify the investment as investor will no longer have to choose from 1000’s of funds.  Agreed, but,this does not make it a good fund. Following are some of its drawbacks- Read more »

Amid improving market sentiments Mahindra Holidays and Resorts India Limited (MHRIL) has launched the IPO to raise fresh capital. The money will be used for expansion of existing resorts and setting up new projects.  Below is the complete information of the MHRIL Public Issue-

• Public Issue Open: 23rd June,09-26th June,09
• Price Band: Rs. 275  to Rs. 325
• Market Lot: 20 shares (minimum order and ,thereof, in multiple of 20 shares)
• Face Value: Rs. 10
• Public Issue Size: 92, 65, 275 equity shares of Rs. 10/-
• Public Issue Type: 100% book building issue IPO
• Maximum Subscription Amount for Retail Investor: Rs. 1,00,000

All investors are in a conundrum - whether they should invest in it or not? Read more »

Baroda Pioneer Mutual Fund has launched Baroda Pioneer Treasury Advantage Fund.

The new issue is open for subscription from 10 June to 23 June 2009. The fund will re-open on 29 June 2009. The NFO price for the fund is Rs 10 per unit.

The fund has no entry-load and requires minimum investment of Rs.5000 under regular plan.

The main objective of the scheme is to provide optimal returns and liquidity through a portfolio comprising of debt securities and money market instruments.

According to Baroda Pioneer Mutual Fund, The treasury fund is ideally positioned to provide investors:

• Investment avenues for their short term surpluses
• With reasonable market related returns
• Combined with high levels of liquidity through suitable portfolio construction.
• High level of safety throughrigourous and in-depth credit evaluation of securities
• A portfolio oriented towards short end of the yield curve

More information about the fund can be downloaded from here

All new fund offers can be checked here- NEW FUND OFFERS

Edelweiss mutual fund has announced the launch of Nifty Enhancer Fund.

NFO opens 8th June 2009 and closes 10th June 2009.
 
Edelweiss Nifty Enhancer Fund is an open ended equity scheme that seeks to generate capital appreciation and income distribution by investing in a portfolio that endeavors to outperform the S&P CNX Nifty Index.
 
The Fund is an innovative and unique fund in the industry that aims to consistently outperform its benchmark over a period of time. The fund will, under normal circumstances, be invested in Nifty derivatives, and will look to enhance returns by effectively investing in other available low risk (equity/debt) opportunities. The combined effect of the above will result in “Enhanced” returns.
 
The Fund also offers unique features like “Expiry Day Trigger Facility” where one can avail of a lower exit load facility for exiting the scheme, thereby, enabling facility of automatic profit booking and facilitating portfolio rebalancing.

The fund can be purchased from here

Unitech Ltd has launched fixed deposit scheme to accumulate funds directly from public.  The offered interest rates are much better than current offerings by bank FDs.

•  1 year - 11.00%
• 2 Years - 11.50%
• 3 Years - 12.00%

Additional 0.50% interest will be paid to Senior Citizens and Unitech Ltd. share holders (more than 100)

With over 3 years of real estate and infrastructure developement experience, Unitech is one of the leading real estate developers.  It has market capitilisation of  approx 10,000 crores and land reserves of over 11000 acres spread across major centers of economic activity of India.

Unitech is aiming to setup pan-India mobile telephony business jointly with Norway’s Telenor Asa.

Download:  Unitech FD form

Reliance is to launch Infrastructure Fund, an open-ended equity scheme, from 25th May, 2009. Infrastructure specific funds are good option to invest these days as reality industry is on the rising. (Read which is the best mutual fund for more details). Reliance Any Time Money card will be issued to investors subscribing through self cheque. The offer will continue till 23rd June, 09.

Investment Pattern :

Equity and Equity related Instruments - 65% - 100%.

Debt and Money Market Instruments - Upto 35%.

Minimum Investment:

For Retail Plan: Rs 5,000/-

For Institutional Plan: Rs 5, 00, 00,000/-

Investment Objective :

The primary investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in infrastructure and infrastructure related sectors and which are incorporated or have their area of primary activity, in India and the secondary objective is to generate consistent returns by investing in debt and money market securities.

Entry Load:
For subscription below Rs. 2 Crs - 2.25%
For subscription of Rs 2 Crs & above and below Rs 5 Crs - 1.25%
For subscription of Rs 5 Crs and above- Nil

Exit Load: For subscriptions of less than Rs 5 Crs per purchase transactions
1% if redeemed/switched on or before completion of 1 year from the date of allotment
Nil if redeemed/switched after completion of 1 year from the date of allotment

For subscriptions of more than Rs 5 Crs - nil

Reliance Infrastructure Fund Form

To invest and download forms, visit www.moneyvriksh.com/mutualfunds

or get mutual fund forms home delivered with your details pre-filled

www.moneyvriksh.com

• Scheme launched on May 1, 2009
• Open for all Indian citizens
• Initially, only non-withdrawable accounts will be started. Withdrawable accounts to start within next 6 months.
• 3 assets class available –Equity, Credit risk and Government.
• For lower age people, 50% of the amount will be invested in equity class, 30% in credit risk class and 20% in Government class as a default option.
• As age will increase, more and more funds will be allocated in safer (Government) class.
• Initially, 22 point-of-presence have been appointed. Later, every part of the country will be covered

Visit MoneyVriksh.com for more details and schemes

Earlier, in August 2008, Government had decided to offer NPS (New Pension Scheme) to all citizens of India on a voluntary basis. Accordingly, PFRDA took necessary steps to scale up the existing infrastructure to roll-out the NPS for all citizens. Twenty two Points of Presence (PoPs) and six Pension Fund Managers have been appointed by PFRDA for offering NPS to citizens. Branches of the registered PoPs designated as PoP Service Providers (PoP-SP) will act as the initial point of contact and collection point for all citizens other than Government employees desiring to obtain a Permanent Retirement Account Number (PRAN) under NPS.

The necessary infrastructure for the roll-out of NPS is now ready and the New Pension System is available to all citizens of India from 1st May, 2009. Tier-I of the NPS constituting the non-withdrawable Pension account will become operational from that date and Tier II (withdrawable account) of the NPS account will become operational in about six months.

Briefly, Pension Fund Managers will manage 3 separate schemes, each investing in a different asset class. These assets enclasses are (i) Equity, (ii) Government securities and (iii) Credit risk bearing fixed income instruments. On the basis of the recommendations of the NPS Trust and on advice from the Government, it has been decided that investment by an NPS participant in equity would be subject to a cap of 50 per cent. Also the fund managers will invest only in index funds that replicate either BSE sensitive index or NSE Nifty 50 index. The subscriber will have the option to actively decide as to how the NPS pension wealth is to be invested in three asset class. In case the subscriber is unable (or unwilling) to exercise any choice as regards asset allocation, his/her contribution will be invested in accordance with the ‘Auto choice’ option. In this option the investment will be determined by a predefined portfolio. At the lowest age of entry (18 years) the auto choice will entail investment of 50 % of pension wealth in “E” Class, 30% in “C” Class and 20% in “G” Class. These ratios of investment will remain fixed for all contributions until the participant reaches the age of 36. From age 36 onwards, the weight in “ E” and “ C” asset class will decrease annually and the weight in “G” class will increase annually till it reaches 10% in “ E”, 10% in “C” and 80 % in “ G” class at age 55.

Central Government made the New Pension System (NPS) mandatory for its new recruits (except defence forces) from 1st January, 2004. A majority of State Governments have also shifted to the defined contribution based new pension system from varying dates.

The NPS architecture, consisting of the NPS Trust, Central Record keeping Agency, Pension Fund Managers, Trustee Bank and Custodian, was made operational for Central Government employees from 1st April, 2008. The NPS architecture has also been offered to the State Governments to manage the pension corpus of their employees. The State Governments are at different stages to adopting the NPS

The NPS architecture has been in operation for over a year now and NPS corpus of Central Government employees amounting to over Rs.2100 crore stands invested in it. According to the unaudited results of the Pension Funds, the three Pension Funds have generated returns varying from 12% to 16% on the NPS corpus during the year 2008-09, weighted average return being over 14.5 per cent

Any citizen of India desiring to open an NPS account can contact any of the twenty two (22) Points of Presence (POPs) appointed by PFRDA. Initially, PoPs are offering NPS at limited number of branches. However, in due course the number of such branches will grow and cover every part of the country.