NFO period is from 12 December to 19 December 2013
DSP BlackRock Mutual Fund has launched a new fixed maturity plan named
as DSP BlackRock FMP – Series 130 – 12M, a close-ended income scheme
with the duration of 12 months from the date of allotment. The New Fund
Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will
open for subscription only from 12 December to 19 December 2013.
The primary investment objective of the scheme is to seek to generate
returns and capital appreciation by investing in a portfolio of debt and
money market securities. The scheme will invest only in such securities
which mature on or before the date of maturity of the scheme.
The scheme offers a choice of two options, growth option and dividend payout with regular payout and Quarterly payout option.
The scheme would allocate upto 100% of assets in debt securities and money market securities with low to medium risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 1 thereafter.
Entry and exit load charge will be nil for the scheme. Units of the scheme are proposed to be listed on Bombay Stock Exchange.
Benchmark Index for the scheme is Crisil Short Term Fund Index.
The scheme will be managed by Dhawal Dalal.
NFO period is from 13 December to 18 December 2013
HDFC Mutual Fund has launched a new plan named as HDFC Fixed Maturity
Plan 531D December 2013 (1), a plan under HDFC Fixed Maturity Plans –
Series 29 (a close-ended income scheme). The face value of the new issue
will be Rs 10 per unit. The new issue will be open for subscription
from 13 December to 18 December 2013.
The investment objective of the plan is to generate regular income
through investments in debt / money market instruments and government
securities maturing on or before the maturity date of the plan.
The plan shall offer two options – growth, dividend and flexi option.
The plan would invest 70% to 100% of assets in debt securities with
medium risk profile and invest upto 30% in money market instruments and
government securities with low risk profile.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the plan during the NFO period.
Entry and exit load charge will be nil for the plan.
Benchmark Index for the plan is CRISIL Short Term Bond Fund Index.
The fund manager of the scheme are Shobhit Mehrotra & Rakesh Vyas (Dedicated fund manager for overseas
NFO period from 13 December to 16 December 2013
SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series –
90 Days – 82, a close ended debt scheme with the duration of 90 days.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new
issue will be open for subscription from 13 December and close on 16
December 2013.
The investment objective of the scheme is to provide regular income,
liquidity and returns to the investors through investments in a
portfolio comprising of debt instruments such as Government Securities,
PSU & Corporate Bonds and Money Market Instruments maturing on or
before the maturity of the scheme.
This product is suitable for investors seeking regular fixed income for the short term with low risk – Blue.
The scheme would have two plans – regular and direct. Both the plans will have two options viz. growth and dividend option.
The scheme will invest upto 100% of assets in debt & money market
securities with low to medium risk profile. Exposure to domestic
securitized debt may be to the extent of 40% of the net assets.
The minimum application amount is Rs 5000 and in multiples of Rs 1
thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the plan during the NFO period.
Entry and exit load charge will be nil for the scheme. The units of the
scheme will be listed on NSE in order to provide liquidity.
Benchmark Index for the scheme is CRISIL Liquid Fund Index.
The scheme will be managed by Rajeev Radhakrishnan.
The maturity/final redemption date of the scheme is on 17 December 2013
DSP BlackRock Mutual Fund has announced that the record date for the
purpose of determining the eligible unit holders/beneficial owners
holding units (in demat form) of DSP BlackRock FTP - Series 3 - 24M, a
closed-ended income scheme, who would be entitled to the
maturity/redemption proceeds on the maturity/final redemption date shall
be 13 December 2013. The maturity/final redemption date of the scheme
is on 17 December 2013 or the immediately following business day, if
such day is not a business day.
The trading of the units of the scheme, which are listed on the Capital
Market Segment of Bombay Stock Exchange (BSE), will get suspended and
also no off-market transactions shall be permitted by the Depositories
(NSDL / CDSL) with effect from 12 December 2013.
Under Rashtriya Krishi Vikas Yojana Rs. 852.57 crore
has been allocated for North East States. Assam (Rs. 440.03 crore) has
been allocated highest amount followed by Mizoram (Rs. 132.01 crore).
The state wise fund allocation to the north eastern States is given
below:
| S.No. |
Name of State |
Allocation (2013-14) Rs. crore |
| 1 |
Arunachal Pradesh |
32.3 |
| 2 |
Assam |
440.53 |
| 3 |
Manipur |
40.96 |
| 4 |
Meghalaya |
60.89 |
| 5 |
Mizoram |
132.01 |
| 6 |
Nagaland |
51.9 |
| 7 |
Sikkim |
20.2 |
| 8 |
Tripura |
74.28 |
|
Total |
852.57 | | |
Rashtriya Krishi Vikas Yojana (RKVY) aims at achieving 4%
annual growth in agriculture sector by ensuring holistic development of
agriculture and allied sectors. To achieve this end, the States have
been given complete flexibility to choose projects for achieving the
desired growth in these sectors. Under this scheme Government of India
does not fix targets, rather gives complete autonomy to state to
customize interventions as per their requirements.
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