HDFC FMP 18 M April 2008

Fund category Debt - FMP
Scheme plan Growth, Dividend
Scheme type Closed Ended
Launch date April 16, 2008
Fund manager Mr. Shobhit Mehrotra
Initial Price Rs 10
Min investment Rs 5,000
Entry load Nil
Exit load 2


Objective
The investment objective of the Plans under the Scheme is to generate regular income through investments in Debt / Money Market Instruments and Government Securities.

My Rating : Good fund to Invest as this is safe fund.

LIC MF Fixed Maturity Plan Series 36

Fund category Debt - FMP
Scheme plan Growth, Dividend
Scheme type Closed Ended
Launch date April 15, 2008
Fund manager Mr. Ashish Kumar
Initial Price Rs 10
Min investment Rs 10,000
Entry load Nil
Exit load 1.5

LIC Mutual Fund Asset Management Company Ltd.

The investment objective of the Scheme is to minimize interest rate risk by investing in a portfolio of fixed income securities normally maturing in line with the time profile of the Scheme.

Fixed maturity plans support mutual funds in March: Crisil

The mutual fund industry, which witnessed an over six per cent decline in its assets in March, received some support from inflows through the fixed maturity plans, a latest report says. According to Crisil FundServices, a fund evaluation and risk solutions provider for mutual funds, falling equity markets, corporate advance tax outflows and redemptions from short term debt plans by institutional investors ahead of the financial year ended on March 31, took a toll on mutual funds' assets in the month. The mutual fund industry's average assets under management (AUM) declined by 6.6 per cent to Rs 5.31 trillion in March from Rs 5.69 trillion in February. Inflows through fixed maturity plans (FMPs) offering double indexation benefits helped lower the affect of the equity meltdown and debt fund redemptions on mutual fund AUMs, the report said. "FMPs provided the silver lining to the industry, as their 13 and 14-month schemes used the tax advantage platform offered by double indexation to source inflows. These offered avenues to a large number of investors looking forward to completing their investments from a tax planning perspective," the Crisil report said. Fixed maturity plans are essentially close-ended income schemes with a fixed maturity date that is, run for a fixed period of time. This period could range from 15 days to as long as two years or more.

ICICI Prudential Focused Equity Fund

Fund category Debt - FMP
Scheme plan Growth
Scheme type Open Ended
Launch date April 08, 2008
Fund manager Mr. Anand Shah
Initial Price Rs 10
Min investment Rs 5000 For Retail and Multiple of Rs. 1 There After
Entry load 2.25 %
Exit load 1%

Seeks to generate long-term capital appreciation and income distribution to unitholders from a portfolio that is invested in equity and equity related securities of about 20 companies belonging to thelarge cap domain and the balance in debt securities and money market instruments. The Fund Manager will always select stocks for investment from among Top 200 stocks in terms of market capitalization on the National Stock Exchange of India Ltd. If the total assets under management under this scheme goes above Rs.1000 crores the Fund Manager reserves the right to increase the number of companies to more than 20.

Mutual Fund News

Tata Mutual Fund has declared dividend under dividend option scheme on TATA Dynamic Bond Fund-Option

Reliance Mutual Fund has fixed an upper limit of Rs. 5 lakhs per application for fresh subscriptions

Fidelity Mutual Fund has announced a revision in the exit load under the retail plan of Fidelity Sho

JM Financial Mutual Fund has announced the record date for dividend declaration under the dividend o