25 Feb, 2008
MUMBAI: DSP Merrill Lynch Fund Managers on Monday announced the launch of DSP Merrill Lynch Natural Resources and New Energy Fund, an open ended equity growth scheme investing in companies which form a part of the natural resources, energy and new energy sectors.
A minimum of 65 per cent of the scheme’s corpus will be invested in Indian companies which form a part of these sectors. The scheme also has a provision to invest a maximum of 35 per cent of its corpus in Merrill Lynch International Investment Funds, New Energy Fund and Merrill Lynch International Investment Funds, World Energy Fund and/or through securities of companies domiciled overseas and principally engaged in the sectors of natural resources and alternative energy.
The New Fund Offer will commence on March 3 and close on March 27.
The scheme also has a provision to invest a maximum of 35 per cent of its corpus in Merrill Lynch International Investment Funds, New Energy Fund and MLIIF, World Energy Fund.
Wednesday, February 27, 2008
Tuesday, February 26, 2008
Birla Sun Life International Equity Fund
Birla Sun Life International Equity Fund-plan A -growth
25/02/2008
NAV 9.47010
Selling price 9.7069
Redemption price 9.3754
Scheme Features
Scheme Name Birla Sun Life International Equity Fund
Face Value Rs. 10/- per unit plus applicable entry load
NFO Opening Date 17-Sep-07
NFO Closing Date 16-Oct-07
Investment Plans Plan A: 90% -100% International Investment
Plan B: 25% - 35% International Investments & 65% - 75% Domestic Investment
Investment Options Dividend . Growth
Minimum Subscription Rs. 5,000/- and in multiple of Re. 1/- thereafter
Additional Subscription Rs. 1,000/- and in multiple of Re. 1/- thereafter
Load Structure Entry Load (including SIP):
For purchase of units < Rs. 5 Crores : 2.50%
For purchase of units > Rs. 5 Crores : Nil
As a result of Dividend Reinvestment : Nil
Exit Load (including SIP):
For purchase of units < Rs. 5 Crores : 1% if redeemed within 6 months of allotment
For purchase of units > Rs. 5 Crores : Nil
Inter Plan / Option Switches Entry & Exit Load: NIL
Maximum Subscription Limit Plan A: Rs. 500 Crores
Plan B: Nil
Choice of two Plans
Plan A
Instrument Risk Profile Range
(% of net assets)
Equity and Equity related Instruments (Investment in Foreign Equity Securities as permitted by SEBI/RBI) Medium to High 90%-100%
Fixed Income Securities (including Money Market Instruments) Low to medium 0%-10%
Plan B
Instrument Risk Profile Range
(% of net assets)
Equity and Equity related Instruments (Investment in Indian equity and equity related securities- 65%-75%, Investment in Foreign Equity Securities as permitted by SEBI/RBI- 25%-35%) Medium to High 90%-100%
Fixed Income Securities (including Money Market Instruments) Low to medium 0%-10%
Plan A & Plan B do not intend investing in units of overseas Mutual Fund. Plan B could be suitable for investors who are looking at tax efficiency.
25/02/2008
NAV 9.47010
Selling price 9.7069
Redemption price 9.3754
Scheme Features
Scheme Name Birla Sun Life International Equity Fund
Face Value Rs. 10/- per unit plus applicable entry load
NFO Opening Date 17-Sep-07
NFO Closing Date 16-Oct-07
Investment Plans Plan A: 90% -100% International Investment
Plan B: 25% - 35% International Investments & 65% - 75% Domestic Investment
Investment Options Dividend . Growth
Minimum Subscription Rs. 5,000/- and in multiple of Re. 1/- thereafter
Additional Subscription Rs. 1,000/- and in multiple of Re. 1/- thereafter
Load Structure Entry Load (including SIP):
For purchase of units < Rs. 5 Crores : 2.50%
For purchase of units > Rs. 5 Crores : Nil
As a result of Dividend Reinvestment : Nil
Exit Load (including SIP):
For purchase of units < Rs. 5 Crores : 1% if redeemed within 6 months of allotment
For purchase of units > Rs. 5 Crores : Nil
Inter Plan / Option Switches Entry & Exit Load: NIL
Maximum Subscription Limit Plan A: Rs. 500 Crores
Plan B: Nil
Choice of two Plans
Plan A
Instrument Risk Profile Range
(% of net assets)
Equity and Equity related Instruments (Investment in Foreign Equity Securities as permitted by SEBI/RBI) Medium to High 90%-100%
Fixed Income Securities (including Money Market Instruments) Low to medium 0%-10%
Plan B
Instrument Risk Profile Range
(% of net assets)
Equity and Equity related Instruments (Investment in Indian equity and equity related securities- 65%-75%, Investment in Foreign Equity Securities as permitted by SEBI/RBI- 25%-35%) Medium to High 90%-100%
Fixed Income Securities (including Money Market Instruments) Low to medium 0%-10%
Plan A & Plan B do not intend investing in units of overseas Mutual Fund. Plan B could be suitable for investors who are looking at tax efficiency.
Saturday, February 23, 2008
Sebi nod to Indiabulls to start AMC
Sebi nod to Indiabulls to start AMC
February 22, 2008
Indiabulls Financial Services has received approval from Securities and Exchange Board of India (Sebi) to set up an asset management company (AMC).
Indiabulls Credit Services (ICSL), which was in the consumer finance sector, was merged with Indiabulls Financial Services (IBFSL) and Indiabulls Securities (ISL) was hived off from IBFSL.
February 22, 2008
Indiabulls Financial Services has received approval from Securities and Exchange Board of India (Sebi) to set up an asset management company (AMC).
Indiabulls Credit Services (ICSL), which was in the consumer finance sector, was merged with Indiabulls Financial Services (IBFSL) and Indiabulls Securities (ISL) was hived off from IBFSL.
Friday, February 22, 2008
Reliance Capital new fund offer mops up Rs 5,660 crore
Feb. 15
Reliance Capital Asset Management Company has mopped up Rs 5,660 crore through Reliance Natural Resources Fund (RNRF) — the second largest collection by any new fund offer.
http://www.thehindubusinessline.com/2008/02/16/stories/2008021652231500.htm
Reliance Capital Asset Management Company has mopped up Rs 5,660 crore through Reliance Natural Resources Fund (RNRF) — the second largest collection by any new fund offer.
http://www.thehindubusinessline.com/2008/02/16/stories/2008021652231500.htm
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