Sep 3, 2008
Mutual Fund Financial Advisor Consultant
Aug 29, 2008
IDFC MF launches IDFC Strategic Sector (50-50) Equity Fund
The scheme opened on Thursday and will close on September 18. The investment objective of the scheme is to generate long term capital appreciation from a portfolio of predominantly equity and equity related instruments. The portfolio would acquire small and medium size companies with good long term potential.
This scheme may also invest in debt and money market instruments. This fund is benchmarked against the Nifty and will be managed by Kenneth Andrade, VP - Equities, IDFC MF.
The fund plans to invest 50 per cent of its AUM in sectors like auto, real estate, metals, energy, capital goods and telecom, while the balance will be invested in companies that attempt to give returns in line with the market.
Units of the scheme can be subscribed / redeemed at the applicable NAV, subject to applicable load, on all business days during the continuous offer.
Entry load will be charged as follows: amount to be invested being less than Rs. 5 crore -- 2.25 per cent, Rs. 5 crore or more – Nil.
Exit load will be nil in case of purchase of Rs. 5 crore or more. In case of purchase of less than Rs. 5 crore (if redeemed within 1 year) the entry load is 1.00 per cent.
Naval Bir Kumar, managing director, IDFC MF said, “to create wealth you need to identify growth sectors, invest early and have conviction to hold for the longer term and most importantly create the right structure for these investments to blossom. The launch of this fund underlines our commitment to this objective.Avdhoot Investment
Jul 29, 2008
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This is Sameer Trivedi's Business Blog
Jul 19, 2008
Check latest LIC & Mutual Fund NAV here.
Avdhoot Investment
Aug 1, 2007
Maruti Udyog announces July 2007 Auto sales Numbers
Maruti Udyog Ltd has announced that the Company sold 52,839 vehicles in the domestic market in July 2007 compared to 44,653 vehicles in the domestic market in July 2006.
Total Sales number for July 2007
In all, the Company sold 57,909 vehicles in July 2007. This includes 5,070 units of exports.Compared to the sales in July 2006, the Company's volume in the domestic A2 segment grew by 18.5 per cent, in A3 by 105.1 per cent and in C segment by 4.6 per cent.
Domestic : 52839 44653 18.3%
Export : 5070 1755 188.9%
Total Sales : 57909 46408 24.8%
You can see the export market is up by 188 percent.
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Kotak Mutual Fund - Kotak Global Emerging Market Fund
Kotak Global Emerging Market Fund
Offer Open - Jul 25, 2007 - Aug 24, 2007
Structure - Close Ended
Fund Type - Growth and Dividend
Nature - Fund of Funds
Scheme Objective :
The investment objective of the scheme is to provide long-term capital appreciation by investing
in an overseas mutual fund scheme that invests in a divercified portfolio of securities as prescribed
by SEBI from time to time in global emerging markets.
Minimum Investment - Rs. 5000
Incremental Investment - Rs. 1000
SIP allowed - No ,NRI Investment - Yes
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Tata Motors announces Quarter end results for June 30th 2007
The Company has posted profit after tax of Rs 4667.60 million for the quarter ended June 30, 2007 as compared to Rs 3818.50 million for the quarter ended June 30, 2006.
Net Income :
Total Income has increased from Rs 58354.70 million for the quarter ended June 30, 2006 to Rs 61431.40 million for the quarter ended June 30, 2007.
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Jul 18, 2007
UTI India Lifestyle Fund - New Fund Offer closes on July 25th 2007
Offer Open/Close - Jul 2, 2007 - Jul 25, 2007
Structure - Close Ended
Nature - Equity (Growth and Dividend)
Type - Diversified
Scheme Objective
The investment objective of the scheme is to provide long term capital appreciation
and/or income distribution from a diversified portfolio of equity and equity related
instruments of companies that are expected to benefit from changing Indian demographics,
Indian lifestyles and rising consumption pattern.
Minimum Investment - Rs. 5000
Incremental Investment - Rs. 1
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