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.
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.*
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.
Franklin Templeton Mutual Fund has launched a new fund offer - Franklin Templeton Fixed Tenure Fund - Series XIV - Plan A (3 year plan). It is a close ended Income fund. The scheme seeks to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the scheme along with capital appreciation through equity exposure
Mirae Asset Mutual Fund has launched a new fund offer - Mirae Assets Emerging Bluechip Fund. The Fund is primarily a Mid-cap fund which gives investors the opportunity to participate in the growth story of today’s relatively medium sized but emerging companies which have the potential to be well-established tomorrow.
NFO Summary
NFO Start Date: 24-May-2010
NFO Close Date: 22-June-2010
Offer Price: Rs. 10.00
Minimum Investment Amount: Rs. 5,000.00
Entry Load: Nil
Exit Load: 1 % if redeemed within 1 year (365 days) from date of allotment.
Canara Robeco Mutual Fund has launched a new fund - Canara Robeco InDiGo (INcome from Debt Instruments & GOld). It is an open-ended debt fund having investment objective of generating regular income from a portfolio of debt & money market securities along with investments in Gold ETFs.
NFO Summary
NFO Start Date: 19-May-2010
NFO Closing Date: 10-June-2010
Scheme Category: Growth
Scheme Type: open Ended
Entry load: Nil
Exit Load: 1.00% if redeemed on or before 365 days from the date of allotment of units NIL, if redeemed after 365 days from the date of allotment of units
Tata Mutual Fund has launched a NFO - Tata GILT Mid-Term Fund, an open ended debt fund scheme. The investment objective of the scheme is to provide reasonable returns and high liquidity to the Unitholders by investing predominantly in Government Securities having residual maturity upto 15 years.
NFO Summary
NFO Starts : 20-May-2010
NFO Ends : 17-June-2010
Entry Load : Nil
Exit Load : 2% if redeemed on or before 5 years from the date of allotment. Nil, if redeemed after 5 years from the date of allotment.
Minimum Application Amount : Rs 10,000/- and in multiples of Re 1/- there after.
For additional investment by existing investor after the scheme reopens for ongoing transactions Rs.1, 000/- and in multiple of Re 1/- thereafter.
SBI Mutual Fund, a subsidiary of State Bank of India, has launched SBI PSU Fund. The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs and others.
NFO Summary
Scheme Name: SBI PSU Fund
NFO Start Date: 17-May-2010
NFO Close date: 14-June-2010
Offer Price: Rs. 10.00
Minimum Subscription: Rs. 5,000/-
Entry Load: Nil
Exit Laod: 1%, if redeemed before 12 months. Otherwise, Nil.
SBI PSU Fund will be benchmarked against BSE PSU Index and will be managed by Rama Iyer Srinivasan, who holds 16 years of experience in the area of financial services, apart from holding an M.Com and MFM degree. Presently Srinivasan is also the fund manager of Magnum Equity Fund , Magnum Global Fund Magnum Sector Funds Umbrella - Emerging Business Fund and SBI Infrastructure Fund - Series I.
Our Review
Invest in SBI PSU Fund with medium term (1-3 years) perspective. Investors looking for short term gain may well avoid this fund.
Also, investors with very long term perspective , say 10 years or more, may also avoid this NFO. Long term investors are advised to invest in other diversified mutual funds.
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Birla Mutual Fund has launched a new fund offer - Birla Sun Life India Reforms Fund. The investment objective is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending. The NFO is open till 09-June-2010.
NFO Summary
Scheme Name: Birla Sunlife India Reforms Fund
Scheme Type: Open Ended
Category: Growth
Start Date: 10-May-2010
Close date: 10-June-2010
Offer price: Rs. 10.00
Minimum Subscription: Rs. 5000 and in multiples of Re. 1.00
Mutual Fund, New Fund Offer | admin | August 28, 2010 | 
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