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SMC's Weekly Mutual Fund Update

SMC | 17 Jan, 2017  | Follow Author | Add to my Favourites 
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Highlights:


ICICI Prudential Mutual Fund has launched the ICICI Prudential Value Fund-Series 11.


ICICI Prudential Mutual Fund has launched the ICICI Prudential Value Fund-Series 11, a close ended growth scheme. The NFO opens for subscription on January 10, 2017 and closes on January 24, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000. The scheme’s performance will be benchmarked against S&P BSE 500 Index and its fund managers are Manish Gunwani, Rajat Chandak, and Ihab Dalwai. The investment objective of the scheme is to provide capital appreciation by investing in a well-diversified portfolio of stocks through fundamental analysis.


ICICI Pru Mutual Fund introduces Value Fund -Series 11


ICICI Prudential Mutual Fund has launched the ICICI Prudential Value Fund-Series 11, a close ended growth scheme. The NFO opens for subscription on January 10, 2017 and closes on January 24, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000. The scheme’s performance will be benchmarked against S&P BSE 500 Index and its fund managers are Manish Gunwani, Rajat Chandak, and Ihab Dalwai. The investment objective of the scheme is to provide capital appreciation by investing in a well-diversified portfolio of stocks through fundamental analysis.


ICICI Prudential MF proposes to roll over FMP Series 72 - 368 Days Plan Ato May 02, 2017


ICICI Prudential Asset Management Company has proposed to roll over (extend the maturity date) of ICICI Prudential Fixed Maturity Plan - Series 72 - 368 Days Plan A to May 02, 2017. The existing maturity date is January 19, 2017. Date of Roll over is January 20, 2017. Period of roll over is 103 days. All the other provisions of the SID/KIM/addenda of the scheme remain unchanged.


DSP BlackRock Mutual Fund has filed offer document with SEBI for “DSP BlackRock Nifty 50 ETF”.


DSP BlackRock Mutual Fund has filed offer document with SEBI to launch an open ended index linked exchange traded fund scheme as “DSP BlackRock Nifty 50 ETF”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nil for the scheme. Presently the Scheme does not offer any Plans/Options and seeks to collect a Minimum Target Amount of Rs 10 crore. The scheme will be benchmarked against Nifty 50 Index. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereof. The investment objective of the Scheme is to provide returns that, before expenses, closely correspond to the total return of the underlying index, subject to tracking errors.


Reliance Mutual Fund (RMF) has filed offer document with SEBI for as “Reliance Fixed Horizon Fund - XXXIII”.


Reliance Mutual Fund (RMF) has filed offer document with SEBI to launch a close ended income scheme as “Reliance Fixed Horizon Fund - XXXIII”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be Nil for the scheme. The scheme offers Growth and Dividend payout option and seeks to collect a Minimum Target Amount of Rs 20 crore. The scheme’s performance for series having duration 15 days to 90 Days will be benchmarked against Crisil Liquid Fund Index, for series having duration 91 days to 36 months 15 Days will be benchmarked against Crisil Short Term Bond Fund Index, for series having a duration above 36 months 15 Days to 120 months 7 days- up to 7 Years will be benchmarked against Crisil Composite Bond Fund Index and for series with more than 7 years duration the benchmark shall be I Sec Li Bex. The minimum application amount is Rs 5,000 and in multiples of Re 1 thereafter. The primary investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the Central and State Government securities and other fixed income/ debt securities, maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility


IDBI Mutual Fund has announced the launch of IDBI Midcap Fund


IDBI Mutual Fund has announced the launch of IDBI Midcap Fund, an open ended equity scheme. The NFO closes on January 19, 2017. IDBI Mutual Fund has always designed products with the objective of fulfilling the needs of its investors. With the fiscal budget due next month and investor sentiment intact in the Indian economy, IDBI Midcap Fund is well-timed to cater to those investors who wish to take advantage of opportunities in the midcap space of the equity market. The research and fund management will be dedicatedly focusing on midcap stocks that can reap maximum benefit of the likely economic recovery and superior return ratios. The fund proposes to invest at least 65% of the corpus in equity & equity related instruments of midcap companies. Investments in debt and money market instruments would be up to 35% of the corpus. Benchmarked against Nifty Free Float Midcap 100, the fund will be well-diversified with a core comprising around 25 to 30 stocks. V Balasubramanian is the fund manager of the scheme.


UTI Mutual Fund has launched the UTI-Dual Advantage Fixed Term Fund Series IV-II


UTI Mutual Fund has launched the UTI-Dual Advantage Fixed Term Fund Series IV-II (1278 Days), a close ended income scheme. The NFO opens for subscription on January 09, 2017 and closes on January 23, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000. The investment objective of the scheme is to generate income and reduce interest rate volatility by investing in fixed income securities that are maturing on or before the date of maturity of the Scheme and generate capital appreciation by investing in equity and equity related instruments.

 


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About SMC
SMC Research, founded in 1990, is India’s leading share and stock broker, provides a wide range of financial services and investment solutions. A blend of extensive experience, diverse talent and client focus has made us the 4th largest broking house in India(Source: Dun and Bradstreet, 2008). Over the years, SMC has expanded its operations domestically as well as internationally. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Cochin, Ahmedabad, Jaipur, Hyderabad, Bangalore plus a growing network of 2100+ offices spread across 425 cities/towns in India.


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.



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