HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
Tuesday, August 31, 2010
Crude slips
FIIs resume buying
First quarter GDP at 8.8%
Weekly Scenario: Weak Global Sentiments Push Down Indian Equities
Sahara MF Announces Dividend for its Banking and Financial Services Fund
DSP BlackRock MF Announces Dividend for its DSP BlackRock Top 100 Equity Fund
Tata MF Declares Dividend For Equity P/E Fund
Bharti AXA MF to Revise Exit Load Structure under 2 Schemes
Birla Sun Life MF makes Addendum to Two of its Funds
Principal PNB MF makes Addendum to its Principal Global Opportunities Fund
Mutual funds make small purchases
Saturday, August 28, 2010
IRDA slaps Rs 20 lakh fine on Bharti
Rel Capital appoints Kela as Chief Investment Strategist
Crude goes up again
Bullion metals decline
FIIs provisionally offload shares worth a net Rs 108 crore today
LIC crosses one crore individual policies mark in current financial year
ICICI Prudential MF Launches One Year Plan
Escort MF Announces Dividend for its Income and Opportunities Fund
Birla Sun Life Nifty ETF files offer document with Sebi
Friday, August 27, 2010
FIIs in selling mode
Food inflation is in double digit
ICICI Prudential MF Announces Changes under Banking & PSU Debt Fund
Kotak Global Emerging Market Fund to be converted into an Open Ended Scheme
Thursday, August 26, 2010
HDFC Mutual Fund Launches 3 FMP's
Name of Plan
|
NFO Opening Date
|
NFO Closing Date
|
HDFC FMP 35D August 2010 (3)
|
|
|
HDFC FMP 370D September 2010 (1)
|
|
|
HDFC FMP 25M September 2010
|
|
|
Birla Sun Life MF Announces Change in Feature of SIP
UTI MF Declares Dividend For MNC Fund
ICICI Prudential MF Declares Dividend Under Five Schemes
Mutual funds continue selling
Mutual funds upset over SEBI’s idea of forced listing of units on stock exchanges - Money Life Reports
Partly due to such frequent and extensive changes, equity mutual fund schemes have witnessed Rs11,560 crore of redemption since the regulator abolished entry loads in August 2009. Since November 2009, the industry has lost a whopping 8.33 lakh equity folios till July 2010.
In a move to counteract the sudden fall in mutual fund inflows, the regulator allowed trading of fund units on the stock exchanges. National Stock Exchange (NSE) started its online trading platform for MFs on 30 November 2009 and the Bombay Stock Exchange (BSE) launched its BSE StAR MF platform on 4 December 2009. However, the volumes have been meagre so far. In July 2010, the NSE recorded 2,340 transactions with Rs20.65 crore of net inflows.
Last week, the regulator asked fund houses to facilitate smoother transfer of mutual fund units between two demat accounts. This too is going to increase the cost for fund houses without any material benefit to investors. Moneylife had earlier reported on how the regulator was seeking bank-sponsored mutual funds' help to boost trading volumes on the exchanges which received a tepid response from bankers.
In order to list units on the NSE, mutual funds with a corpus up to Rs100 crore have to cough up Rs16,000 initially; if the tenure of the scheme is more than six months, the listing fee as applicable for multiples of six months will be levied. Similarly, the initial listing fee for a scheme whose corpus exceeds Rs1,000 crore is Rs1.25 lakh.
Unlike MFs, companies have to shell out Rs25,000 as initial listing fees and have to incur an additional annual listing fee depending on the paid-up share capital of the company. As the share capital goes up further, the fee also goes up. Currently 20 fund houses have listed their schemes on the NSE while the Bombay Stock Exchange (BSE) has 23 AMCs on board.
Blog Archive
-
▼
2010
(907)
-
▼
August
(120)
- Crude slips
- FIIs resume buying
- First quarter GDP at 8.8%
- Weekly Scenario: Weak Global Sentiments Push Down ...
- Sahara MF Announces Dividend for its Banking and F...
- DSP BlackRock MF Announces Dividend for its DSP Bl...
- Tata MF Declares Dividend For Equity P/E Fund
- Bharti AXA MF to Revise Exit Load Structure under ...
- Birla Sun Life MF makes Addendum to Two of its Funds
- Principal PNB MF makes Addendum to its Principal G...
- Mutual funds make small purchases
- IRDA slaps Rs 20 lakh fine on Bharti
- Rel Capital appoints Kela as Chief Investment Stra...
- Crude goes up again
- Bullion metals decline
- FIIs provisionally offload shares worth a net Rs 1...
- LIC crosses one crore individual policies mark in ...
- ICICI Prudential MF Launches One Year Plan
- Escort MF Announces Dividend for its Income and Op...
- Birla Sun Life Nifty ETF files offer document with...
- FIIs in selling mode
- Food inflation is in double digit
- ICICI Prudential MF Announces Changes under Bankin...
- Kotak Global Emerging Market Fund to be converted ...
- HDFC Mutual Fund Launches 3 FMP's
- Birla Sun Life MF Announces Change in Feature of SIP
- UTI MF Declares Dividend For MNC Fund
- ICICI Prudential MF Declares Dividend Under Five S...
- Mutual funds continue selling
- Mutual funds upset over SEBI’s idea of forced list...
- Top 5 saving options - Do keep in mind Savings & I...
- ELSS Mutual Fund - A Tax Saver & wealth generator
- 10 Tax Filing Tips To Avoid Tax Problems
- Bullion metals end almost flat
- Crude continues to slip down
- Weekly Scenario: Banking Funds Continues Its Healt...
- ICICI Prudential MF Declares Dividend Under Two Sc...
- Tata MF Declares Dividend For Equity P/E Fund
- Birla Sun Life MF Declares Dividend Under Two Schemes
- ICICI Prudential MF Introduces Trigger Facility un...
- IRDA fines LIC, HDFC Standard for missing rural ob...
- Crude continues to slide down
- Bullion metals end mixed once again
- FIIs step up buying
- IRDA issues measures for Advertisements of Life In...
- ICICI Prudential MF makes modification to Liquity ...
- Bharti AXA MF announces Change in Key Personnel
- Deutsche MF Unveils a Hybrid Fund
- Reliance MF launches Reliance Small Cap Fund
- ICICI Prudential MF announces change in Load struc...
- Mutual funds in buying mode
- Invest in India if you want to make serious money:...
- There is still value in emerging markets: Mark Mobius
- Banks park funds with mutual funds again
- SEBI bars use of equity derivatives by mutual funds
- Crude back in downward slide
- Mixed finish for precious metals
- Inflation of primary articles at 14.85%
- ICICI Prudential MF makes addendum to ICICI Pruden...
- Precious metals end marginally higher
- Crude ends losing streak
- FII inflow crosses Rs 7000 crore in August 2010
- DSP BlackRock MF Unveils 3 Months Fund
- SBI MF Announces Change in Asset Allocation for th...
- Religare MF Unveils 370 Days Fund
- SBI Debt Fund Series – 370 Days Fund - 5 Floats On
- Mutual funds dump equities worth Rs 1432 crore in ...
- Precious metals add glaze
- Base metals turn strong
- FIIs continue buying
- Industry witness fall in folios
- Reliance MF Introduces Additional Plan in Reliance...
- Mutual funds step up selling
- Crude continues to slip
- Precious metals gather shine
- FIIs continue buying
- SBI MF Introduces Daily and Weekly Systematic Tran...
- HDFC Mutual Fund Unveils 100 Days Fund
- Mutual funds in selling mode
- NAV not indicator of performance
- In search of a cover
- Irda to remodel syllabus for agents
- Crude gains but natural gas slips
- Precious metals turn pale
- FIIs in selling mode
- LIC posts Rs 23478 crore surplus for 2009-10
- Weekly Scenario: Infotech Funds Gain the Most Duri...
- SBI MF Declares Dividend For Magnum Sector Fund Um...
- Outflows in Equity Funds Surge to Rs 3400 crore in...
- Crude ends lower for second straight day
- Gold kisses the $1,200 mark
- FII buying slows down
- Canara Robeco MF Announces Resignation of its Boar...
- Reliance MF Announces Change in Fund Managers Resp...
- SBI Mutual Fund Launches 180 Days Fund
- DSP BlackRock Mutual Fund Launches FMP -12 M – Ser...
- Mutual funds continue selling
- Crude ends winning streak
- Mixed end for bullion metals
-
▼
August
(120)
____________________________________________________________________________________________
Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.
In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.
Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.
Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.