Mutual Fund Highlights 10 Oct 2012

Forward Coming Dividends

Franklin Templeton Mutual Fund announces dividend for its scheme

Franklin Templeton Mutual Fund has announced dividend under Franklin Infotech Fund and FT India Dynamic PE Ratio Fund of Funds. The quantum of dividend for distribution under Franklin Infotech will be Rs. 1 per unit. Accordingly, for FT India Dynamic PE Ratio Fund of Funds, under Individuals and HUF will be Rs. 0.440 per unit and for others it will be Rs. 0.377 on the face value of Rs. 10 per unit. The record date for dividend distribution is 12th October 2012.

Revision Of Exit Load

IDFC Mutual Fund revises exit load under IDFC Super Saver Income Fund-Short Term

IDFC Mutual Fund has announced to revise exit load structure under IDFC Super Saver Income Fund-Short Term. Accordingly, an exit load of 0.50% will be charged if units are redeemed or switched out within 3 months from the date of allotment. The revised exit load structure will be effective from 8th October 2012.

SBI Mutual Fund revises exit load under SBI Short Horizon Debt Fund-Short Term Fund

SBI Mutual Fund has announced to revise exit load structure under SBI Short Horizon Debt Fund-Short Term Fund. Accordingly, an exit load of 0.25% will be charged if units are redeemed or switched out within 75 days from the date of allotment. The above change in load structure will be applicable on all prospective investments made on and after 5 October 2012.

Change In Key Personnel

Principal Mutual announces change in Key Personnel

Principal Mutual Fund has announced that Mr. Alok Vij, Independent Director has resigned from the services of the company and ceases to be the Director from the board of Principal Pnb Asset Management Company Ltd. This will be effective from 21st September 2012.

Fund House Actions

BNP Paribas Mutual Fund announces change under its schemes

BNP Paribas Mutual Fund has announced that minimum amount/units of redemption/switch out from BNP Paribas Bond Fund, BNP Paribas Short Term Income Fund, BNP Paribas Flexi Debt Fund, BNP Paribas Money Plus Fund and BNP Paribas Overnight Fund (surviving plans/schemes) shall be Rs 1000 and in multiples of Rs 1 thereafter or a minimum of 100 units (unless redemption request is for all units).

TOP PERFORMING MUTUAL FUNDS AS ON 10 OCT’2012:

TOP 3 LIQUID SCHEMS  {1 Month}

% Return

1 Tata Liquidity Management Fund – Growth

            0.9288

2. Escorts Liquid Plan – Growth

0.7501

3. Principal Retail Money Manger Fund – Growth

0.7466

TOP 3 Floating Rate Schemes {1 Month}

% Return

1. ICICI Prudential Corporate Bond Fund – Plan B – Growth

1.3224

2. ICICI Prudential Corporate Bond Fund – Growth

1.3094

3. DSP Black Rock Income Opportunities Fund – IP – Growth

0.8702

TOP 3 Short Term Income Plans {1 Month}

% Return

1. SBI SHDF – Short Term – Ret – Growth

1,1362

2. HDFC HIF – STP – GROWTH

1,0957

3. IDFC SSICF MTP – PLAN – A – GROWTH

1,0942

TOP 3 Short Term Income Plans {1Year}

% Return

1. KOTAK BANK DEPOSIT – GROWTH

13.8977

2 Kotak Bond Scheme – Plan A – Growth

13,8873

3 SBI Dynamic Bond Fund – Growth

13,123

Top 3 Tax Schemes (1 Year)

% Return

1 Principal Tax Savings Fund

24,0989

2 HSBC Tax Saver Equity Fund – Growth

24,1127

3 Reliance Tax Saver (ELSS) Fund – Growth

23,6970

Top 3 Equity Schemes (1 Year)

% Return

1 ICICI Prudential Discovery Fund – Growth

28.7832

2 Reliance Equity Opportunities Fund – Growth

28.0175

3 Principal Emerging Blue-chip Fund – Growth

27.2414

Top 3 Balanced Schemes (1 Year)

% Return

1 Reliance RSF – Balanced – Growth

22.4192

2 Tata Balanced Fund

20.9351

3 ICICI Prudential Balanced

19.3823

Top 3 MIP Schemes (1 Year}

% Return

1. Axis Triple Advantage Fund

15.3591

2 DSP Black Rock MIP Fund

14,2030

3 HSBC MIP

13,9428

Disclaimer: The information contained in this report has been obtained from sources considered to be authentic and reliable. However, Profit Krishna Advisory Services. is not responsible for any error or inaccuracy or for any losses suffered on account of information contained in this report. This report does not purport to be an offer for purchase and sale of mutual fund units. © Profit Krishna Advisory Services. 2012. All rights reserved.

 

Mutual Fund Highlights 11 Sep 2012

Forth Coming Dividends

ICICI Prudential Mutual Fund declares dividend for its schemes

ICICI Prudential Mutual Fund has declared dividend under ICICI Prudential Fixed Maturity Plan Series 63-750 Days Plan Fand ICICI Prudential Fixed Maturity Plan Series 59-1 Year Plan D, on the face value of Rs. 10 per unit. The quantum of dividend for distribution under the dividend option will be Rs. 0.4407 per unit for ICICI Prudential Fixed Maturity Plan Series 63-750 Days Plan F and Rs. 0.05 per unit for ICICI Prudential Fixed Maturity Plan Series 59-1 Year Plan D. The record date for dividend distribution has been fixed as 14th September 2012.

Merger of Schemes

SBI Mutual Fund announces restructuring and merger of schemes

SBI Mutual Fund has announced the restructuring of SBI Magnum Income Plus Fund – Savings Plan and the merger of SBI Magnum NRI Investment Fund- Flexi Asset Plan into SBI EDGE Fund, with effect from 5th October 2012. Investors will have an option to exit without payment of any exit load from 6th September 2012 till 5th October 2012.

News Circulars & Other News

Reliance Mutual Fund announces change in the names of the existing Exchange Traded Schemes

Reliance Mutual Fund has decided to change the names of the following existing Exchange Traded Schemes with effect from 17th September 2012. Accordingly, Reliance Banking Exchange Traded Fund will be renamed as R* Shares Banking Exchange Traded Fund and Reliance Gold Exchange Traded Fund as R* Shares Gold Exchange Traded Fund. There is only a change in the names of the Schemes and all other terms and conditions/ features governing the above mentioned schemes shall remain unchanged.

Fund House Actions

Pramerica Mutual Fund announces change in fund management responsibilities

Pramerica Mutual Fund has announced change in fund management responsibilities for certain schemes, with effect from 31st August 2012. Accordingly, Mr. Brahmaprakash Singh has been designated as Fund Manager of Pramerica Equity Fund, Pramerica Dynamic Fund and Pramerica Dynamic Monthly Income Fund (Equity Portion). He has replaced Mr. Ravi Gopalakrishnan.

Tata Mutual Fund revises minimum additional purchase and redemption units for its scheme

Tata Mutual Fund has announced certain changes under Tata Floater Fund, with effect from 10th September 2012. Accordingly, the minimum amount for additional purchase in the scheme would increase from Rs.1000 to Rs.10000. Moreover, the revised minimum redemption would be Rs. 1000 or 1 unit instead of Rs.1000 or 100 units.