We are launching "SDFS 90 Days - 48". Please find below other details:
SDFS – 90 Days – 48
NFO : 29th July 2011 to 02nd August 2011
Min. Investment : Rs. 5000
Exit Load : N.A
Allotment Date : 03rd August 2011
Maturity Date : 31st October 2011
PLEASE NOTE:-
We have introduced two new facilities under the SDFS:
Dividend transfer facility :- Under Dividend transfer facility, investors now have the option to transfer dividend declared in the SDFS, to any of the open ended scheme of SBIMF.
Switch out facility :- Investors can switch out from the scheme only at the time of the maturity of the scheme. Investors now have the option of giving switch request at the time of investment itself, for switching the entire corpus on SDFS maturity to any open ended scheme of the SBIMF.
Friday, July 29, 2011
Thursday, July 28, 2011
Introducing Axis Hybrid Fund – Series I: A blend of equity returns with stability
Axis Hybrid Fund – Series 1 attempts to generate income by investing in high quality fixed income securities along with capital appreciation through investments in equity & equity related instruments. The scheme looks to use the cushion of income earned through fixed income securities to bring down the downside risk from equity allocations.
The fixed income portion will follow a passive investment strategy. Investments will be made in fixed income securities which mature largely in line with the maturity of the scheme. The equity component will be allocated to equity & equity related instruments including exchange traded index options.
The hybrid fund is advantageous as it is able to recover all or part of the cost of the premium for purchase of options from the coupon received from the fixed income allocation. This strategy allows the portfolio to participate in equity upside while limiting downside risk.
At the end of 3 years, this investment strategy aims to provide relative stability to the investors portfolio alongwith returns in line with the equity markets.
Key Features
Type of Scheme : A 3 year close ended income scheme
Tenure : 3 years from the date of allotment including the date of allotment
Benchmark : Crisil MIP Blended Fund Index
Asset Allocation : Debt and money market instruments – 65% - 95% Equity and Equity Related instruments – 5% - 35%
Fund Manager : R. Sivakumar – Head – Fixed Income & Products Jinesh Gopani – Fund Manager, Equity
New Fund Offer (NFO) Period : 28 th July 2011 to 11 th August 2011
Minimum Application Amount : Rs. 5,000 and in multiples of Rs. 10 thereafter
Plans/ Options Offered :Growth, Dividend Payout Facility
Liquidity : No redemption / repurchase of units shall be allowed by the mutual fund, prior to the maturity of the scheme. The units of the scheme are proposed to be listed on the NSE to provide liquidity to investors post the NFO period.
The Product Note and the KIM cum Application Form for Axis Hybrid Fund - Series 1 are attached herewith for your perusal and further usage.
The fixed income portion will follow a passive investment strategy. Investments will be made in fixed income securities which mature largely in line with the maturity of the scheme. The equity component will be allocated to equity & equity related instruments including exchange traded index options.
The hybrid fund is advantageous as it is able to recover all or part of the cost of the premium for purchase of options from the coupon received from the fixed income allocation. This strategy allows the portfolio to participate in equity upside while limiting downside risk.
At the end of 3 years, this investment strategy aims to provide relative stability to the investors portfolio alongwith returns in line with the equity markets.
Key Features
Type of Scheme : A 3 year close ended income scheme
Tenure : 3 years from the date of allotment including the date of allotment
Benchmark : Crisil MIP Blended Fund Index
Asset Allocation : Debt and money market instruments – 65% - 95% Equity and Equity Related instruments – 5% - 35%
Fund Manager : R. Sivakumar – Head – Fixed Income & Products Jinesh Gopani – Fund Manager, Equity
New Fund Offer (NFO) Period : 28 th July 2011 to 11 th August 2011
Minimum Application Amount : Rs. 5,000 and in multiples of Rs. 10 thereafter
Plans/ Options Offered :Growth, Dividend Payout Facility
Liquidity : No redemption / repurchase of units shall be allowed by the mutual fund, prior to the maturity of the scheme. The units of the scheme are proposed to be listed on the NSE to provide liquidity to investors post the NFO period.
The Product Note and the KIM cum Application Form for Axis Hybrid Fund - Series 1 are attached herewith for your perusal and further usage.
Tuesday, July 26, 2011
Birla Sun Life Short Term FMP - Series 19
Presenting:
Birla Sun Life Short Term FMP - Series 19
A Close ended Income Scheme
Birla Sun Life Mutual Fund are proud to present Birla Sun Life Short Term FMP - Series 19.
Salient points of Birla Sun Life Short Term FMP - Series 19:
The duration of the scheme is 180 days from and including the date of allotment.
The new fund offer price is at 10 / unit.
The applicable Entry Load and Exit Load is Nil. No redemption/repurchase of units/switch out shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode.
The scheme has Dividend (Payout) and Growth Option and the minimum application amount of 5,000/- and in multiples of 10/- thereafter during the NFO period.
The New Fund Offer opens on July 27, 2011 and closes on July 27, 2011. So, contact your financial advisor today and ask for more details.
Birla Sun Life Short Term FMP - Series 19
A Close ended Income Scheme
Birla Sun Life Mutual Fund are proud to present Birla Sun Life Short Term FMP - Series 19.
Salient points of Birla Sun Life Short Term FMP - Series 19:
The duration of the scheme is 180 days from and including the date of allotment.
The new fund offer price is at 10 / unit.
The applicable Entry Load and Exit Load is Nil. No redemption/repurchase of units/switch out shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode.
The scheme has Dividend (Payout) and Growth Option and the minimum application amount of 5,000/- and in multiples of 10/- thereafter during the NFO period.
The New Fund Offer opens on July 27, 2011 and closes on July 27, 2011. So, contact your financial advisor today and ask for more details.
Monday, July 25, 2011
Fund manager changes : 187 Fund Manager Changes for Equity Funds
One of the things that worry the slightly evolved mutual fund investors is change in fund managers. By the time you figure out that some of the equity funds you have chosen are actually making good money, and that this was because of the actions of someone called a fund manager, you could be hit with the news that the fund manager is changing.
And then they hear a fund manager has changed. This happens a lot. Over the last 24 months alone, there have been 187 fund manager changes for equity funds. The total equity assets managed by the Indian fund industry is Rs2 lakh crore. Over the last 24 months, there has been a change in fund managers handling about Rs98,000 crore - almost half of the total industry.
There have been a few cases when a fund manager's exit has led to a slump in funds' performance. However, there have been some cases when a new fund manager has proven to be better than the old one. At the end of the day, there is little in it except to say that when a fund manager changes, investors have to be extra vigilant in monitoring their fund for any changes in performance.
And then they hear a fund manager has changed. This happens a lot. Over the last 24 months alone, there have been 187 fund manager changes for equity funds. The total equity assets managed by the Indian fund industry is Rs2 lakh crore. Over the last 24 months, there has been a change in fund managers handling about Rs98,000 crore - almost half of the total industry.
There have been a few cases when a fund manager's exit has led to a slump in funds' performance. However, there have been some cases when a new fund manager has proven to be better than the old one. At the end of the day, there is little in it except to say that when a fund manager changes, investors have to be extra vigilant in monitoring their fund for any changes in performance.
Wednesday, July 20, 2011
UPCOMING DIVIDEND
Franklin India High Growth Compines Fund - Dividend Pay out
Current Nav : 12.3
Div % or Div in Rs. : 5% or Rs. 0.5 per Unit
Dividend yield % : 4.06%
REcord Date : 22 July 2011
Current Nav : 12.3
Div % or Div in Rs. : 5% or Rs. 0.5 per Unit
Dividend yield % : 4.06%
REcord Date : 22 July 2011
Wednesday, July 6, 2011
IDFC Fixed Maturity Plan – Yearly Series 44
NFO Open: 08-July-2011
NFO Close: 13-July-2011
Date of Allotment: 15-July-2011
Date of Maturity: 16-July-2012
NFO Price: Rs. 10/- face value during the New Fund Offer Period.
Type of Scheme: A Close Ended Income scheme
Benchmark: Crisil Short Term Bond Fund Index. The fund reserves the right to change the benchmark for evaluation of the performance of the scheme from time to time, subject to SEBI Regulations and other prevailing guidelines if any.
Investment Options: Dividend & Growth
(There is no assurance or guarantee as to the rate and frequency of dividend distribution. Dividend distribution is subject to availability of distributable surplus in the scheme.)
Minimum Subscription Amount:
Rs. 10,000/- per application and in multiples of Rs. 10/- thereafter.
Entry Load: Nil
Exit Load: Nil
NFO Close: 13-July-2011
Date of Allotment: 15-July-2011
Date of Maturity: 16-July-2012
NFO Price: Rs. 10/- face value during the New Fund Offer Period.
Type of Scheme: A Close Ended Income scheme
Benchmark: Crisil Short Term Bond Fund Index. The fund reserves the right to change the benchmark for evaluation of the performance of the scheme from time to time, subject to SEBI Regulations and other prevailing guidelines if any.
Investment Options: Dividend & Growth
(There is no assurance or guarantee as to the rate and frequency of dividend distribution. Dividend distribution is subject to availability of distributable surplus in the scheme.)
Minimum Subscription Amount:
Rs. 10,000/- per application and in multiples of Rs. 10/- thereafter.
Entry Load: Nil
Exit Load: Nil
Tuesday, July 5, 2011
Tata Fixed Tenure Fund Series 2 Scheme A
Tata Mutual Fund Launches an NFO, Tata Fixed Tenure Fund Series 2 Scheme A
It is a debt oriented scheme with 80% debt and 20% equity.
Features:
Type of Scheme: 3 years close ended Income Fund.
Investment Objective: The scheme seeks to generate income and / or capital appreciation by investing predominantly in wide range of Debt and Money Market instruments that are maturing on or before the maturity of the respective scheme. To attain capital appreciation, the scheme will invest small portion in equity/ equity related instruments.
Options available:
Growth option
Dividend Payout option
Minimum Investment Amount: Rs. 10,000/- per option.
Entry Load: N.A.
Exit Load: Nil.
New Fund Offer Opens On: 27th June, 2011.
New Fund Offer Closes On: 11th July, 2011.
Transparency: The NAV will be declared on all Business Days.
It is a debt oriented scheme with 80% debt and 20% equity.
Features:
Type of Scheme: 3 years close ended Income Fund.
Investment Objective: The scheme seeks to generate income and / or capital appreciation by investing predominantly in wide range of Debt and Money Market instruments that are maturing on or before the maturity of the respective scheme. To attain capital appreciation, the scheme will invest small portion in equity/ equity related instruments.
Options available:
Growth option
Dividend Payout option
Minimum Investment Amount: Rs. 10,000/- per option.
Entry Load: N.A.
Exit Load: Nil.
New Fund Offer Opens On: 27th June, 2011.
New Fund Offer Closes On: 11th July, 2011.
Transparency: The NAV will be declared on all Business Days.
Saturday, July 2, 2011
IDFC SUPER SAVER INCOME FUND - SHORT TERM PLAN ( IDFC SSIF - STP )
Our View
On policy dated 16th June 2011, RBI’s language seemed to suggest that the 50 bps hike in the last policy was a one-off and preference has returned for calibrated 25 bps steps. Also, if global growth prospects continue to deteriorate in line with the trend over recent months, then there is a reasonable likelihood of RBI going even more gradual (not hiking every 45 days). In any case, we expect a maximum of 2 hikes of 25 bps each before the RBI goes into extended pause.
Our Fund Manager had shared in his policy note that, “It is important to note that market rates are a function of quantum of future expected policy hikes and will not necessarily wait for RBI officially going into pause before turning down”. And he reiterated the view that given the falling credit to deposit ratios and expected future rate hikes by RBI, short end rates on the corporate bond curve are close to (if not already) at the top.
Liquidity situation is expected to improve going into July both owing to ‘structural’ factors (falling growth in currency with public and credit to deposit ratio) and ‘frictional’ factors (government unable to build cash with RBI owing to higher expenditure needs especially given the huge bond redemptions due in July). This will further prove beneficial to short end rates.
Our Fund IDFC SSIF-ST
IDFC SSIF-STP aims to benefit from the changing shape of the corporate yield curve. When the curve was inverted and the 1 year rates were the most attractive on the curve we had 70 – 100% of our portfolio in 1 year instruments. The curve has slightly steepened on the 1 over 3year, and the fund manager has started to switch up the yield curve by investing in 2-3 year corporate bonds with a mandate that final maturity of any instrument bought will not ordinarily exceed 3 years. The fund manager will endeavor to keep average maturity between 12 – 24 months. However, this may change depending on market conditions and evolving view.
On policy dated 16th June 2011, RBI’s language seemed to suggest that the 50 bps hike in the last policy was a one-off and preference has returned for calibrated 25 bps steps. Also, if global growth prospects continue to deteriorate in line with the trend over recent months, then there is a reasonable likelihood of RBI going even more gradual (not hiking every 45 days). In any case, we expect a maximum of 2 hikes of 25 bps each before the RBI goes into extended pause.
Our Fund Manager had shared in his policy note that, “It is important to note that market rates are a function of quantum of future expected policy hikes and will not necessarily wait for RBI officially going into pause before turning down”. And he reiterated the view that given the falling credit to deposit ratios and expected future rate hikes by RBI, short end rates on the corporate bond curve are close to (if not already) at the top.
Liquidity situation is expected to improve going into July both owing to ‘structural’ factors (falling growth in currency with public and credit to deposit ratio) and ‘frictional’ factors (government unable to build cash with RBI owing to higher expenditure needs especially given the huge bond redemptions due in July). This will further prove beneficial to short end rates.
Our Fund IDFC SSIF-ST
IDFC SSIF-STP aims to benefit from the changing shape of the corporate yield curve. When the curve was inverted and the 1 year rates were the most attractive on the curve we had 70 – 100% of our portfolio in 1 year instruments. The curve has slightly steepened on the 1 over 3year, and the fund manager has started to switch up the yield curve by investing in 2-3 year corporate bonds with a mandate that final maturity of any instrument bought will not ordinarily exceed 3 years. The fund manager will endeavor to keep average maturity between 12 – 24 months. However, this may change depending on market conditions and evolving view.
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