MASTER MIND FINNASSET

Thursday, July 02, 2015

SBI Debt Fund Series B – 21 (1100 Days) Floats On

NFO period is from 07 July to 08 July 2015

SBI Mutual Fund has unveiled a new fund named as SBI Debt Fund Series B – 21, a close ended debt scheme.

The tenure of the scheme is 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 07 July and close on 08 July 2015.

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.

The scheme offers regular and direct plan. Both the plans will have growth and dividend option.

The scheme will invest 60%-100% of assets in debt and invest upto 40% of assets in 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.

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 Short Term Bond Fund Index.

The fund manager of the scheme is Rajeev Radhakrishnan.

ICICI Prudential Capital Protection Fund Series VIII – 1107 Days Plan E Announces Extension of NFO period

The NFO period extended till 07 July 2015

ICICI Prudential Mutual Fund has announced the closing date of the New Fund Offer (NFO) of ICICI Prudential Capital Protection Fund Series VIII – 1107 Days Plan E has been extended till 07 July 2015.

Birla Sun Life Fixed Term Plan – Series MU (1117 days) Floats On

NFO period is from 02 July to 16 July 2015

Birla Sun Life Mutual Fund has launched a new fund named as Birla Sun Life Fixed Term Plan – Series MU (1117 days), a close ended income scheme. The tenure of the scheme is 1117 days from the date of allotment of units. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 02 July and close on 16 July 2015.

The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.

The scheme offers two options viz. growth and dividend option with Normal Dividend sub-option (Payout Facility) and Quarterly Dividend sub-option (Payout Facility).

The scheme would invest 80%-100% of assets in debt securities (excluding money market instruments), invest upto 20% of assets in money market instruments with low to medium risk profile and invest upto 20% of assets in 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 scheme during the NFO period.

Entry and exit load charge will be nil.

Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.

The fund manager of the scheme will be Kaustubh Gupta.

Kotak Mahindra Asset Management Company sees significant growth in AAUM for Apr-June 2015

Kotak Mahindra Asset Management Company today reported that its average assets under management (AAUM) have grown the most in percentage terms amongst the top ten fund houses during April-June quarter of FY2015-16. The AAUM of Kotak Mahindra Asset Management Co. has grown by 16.2%, as per the data released by the Association of Mutual Funds in India (AMFI).

The fund house, which has schemes like Kotak Select Focus and Kotak 50 amongst its offerings, has added Rs. 6,698.7 Crores to its AAUM in the current quarter. This is the fourth largest addition of AAUM in absolute terms during the quarter among all fund houses. As on 30th June 2015, the AAUM for Kotak Mahindra Asset Management Co. stands Rs. 48,076.58 Crores.

Mutual funds continue buying

Net purchases of Rs crore on 1 July 2015

Mutual funds bought shares worth a net Rs 336.60 crore yesterday, 1 July 2015, compared with net inflow of Rs 877.90 crore during the previous trading session on Tuesday, 30 June 2015.

The net inflow of Rs 336.60 crore on 1 July 2015 was a result of gross purchases of Rs 927.10 crore and gross sales of Rs 590.60 crore. The S&P BSE Sensex garnered 240.04 points or 0.86% to settle at 28,020.87 on that day, its highest closing level since 17 April 2015.

Mutual funds have purchased shares worth a net Rs 10325.50 crore in June 2015.

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