SBI MF launches “SBI Debt Fund Series A - 35 (369 Days)”; NFO to close on July 02 30/06/2014

SBI MF launches “SBI Debt Fund Series A - 35 (369 Days)”; NFO to close on July 02
30/06/2014 11:23
SBI Mutual Fund has launched a new close ended debt scheme named “SBI Debt Fund Series A - 35 (369 Days)” with maturity period of 369 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on July 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index. Rajeev Radhakrishnan will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide regular returns and capital growth with limited interest rate risk to the investors will be met by investing in a portfolio of debt & money market securities. Hence, the scheme will allocate up to 100 per cent of asset in debt & money market securities.

JM Financial MF declares dividend under “JM Arbitrage Advantage Fund - Direct Plan” 30/06/2014

JM Financial MF declares dividend under “JM Arbitrage Advantage Fund - Direct Plan”
30/06/2014 11:09
JM Financial Mutual Fund has announced 0.7000 per cent dividend under dividend payout option of scheme named as “JM Arbitrage Advantage Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is June 30. The latest NAV of the scheme was Rs 10.65. The investment objective of the equity-diversified scheme is to generate income through arbitrage opportunities emerging out of mis-pricing between the cash market and the derivatives market and through deployment of surplus cash in fixed income instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Chaitanya Choksi is the fund manager of the scheme.

LIC Nomura MF launches “LIC Nomura MF Fixed Maturity Plan Series 86 (370 Days)”; NFO to close on July 02 30/06/2014

LIC Nomura MF launches “LIC Nomura MF Fixed Maturity Plan Series 86 (370 Days)”; NFO to close on July 02
30/06/2014 10:59
LIC Nomura Mutual Fund has launched a new close ended income scheme named “LIC Nomura MF Fixed Maturity Plan Series 86 (370 Days)” with maturity period of 370 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on June 26 and will close on July 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 10,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Killol Pandya will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to minimize interest rate risk will be met by investing in a portfolio of debt instruments and money market instruments. Hence, the scheme will allocate 0 to 20 per cent of asset in debt instruments and 80 to 100 per cent of asset in money market instruments.

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan-Series 74-368 Days Plan Y”; NFO to close on Ju 30/06/2014

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan-Series 74-368 Days Plan Y”; NFO to close on Ju
30/06/2014 10:44
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan-Series 74-368 Days Plan Y” with maturity period of 368 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on July 03. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Rahul Goswami and Rohan Maru will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of money market instruments and debt instrument including securitized debt. Hence, the scheme will allocate 60 to 100 per cent of asset in money market instruments and 0 to 40 per cent of asset in debt instrument including securitized debt.

Deutsche MF declares dividend under “DWS Fixed Maturity Plan - Series 33” 27/06/2014

Deutsche MF declares dividend under “DWS Fixed Maturity Plan - Series 33”
27/06/2014 10:36
Deutsche Mutual Fund has announced 2.0000 per cent dividend under dividend payout option of scheme named as “DWS Fixed Maturity Plan - Series 33” on the face value of Rs 10 per unit. The record date for the dividend is June 27. The latest NAV of the scheme is Rs 10.75. The investment objective of the Debt-FMP scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Kumaresh Ramakrishnan is the fund manager of the scheme.

ICICI Prudential MF launches “ICICI Prudential Capital Protection Oriented Fund-Series VI-1100 Days-Plan D”; NFO 27/06/2014

ICICI Prudential MF launches “ICICI Prudential Capital Protection Oriented Fund-Series VI-1100 Days-Plan D”; NFO
27/06/2014 10:28
ICICI Prudential Mutual Fund has launched a new close ended capital protection oriented fund scheme named “ICICI Prudential Capital Protection Oriented Fund-Series VI-1100 Days-Plan D” with maturity period of 1100 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on July 10. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Vinay Sharm, Rahul Goswami, Aditya Pagaria and Ashwin Jain will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to protect capital will be met by investing in a portfolio of debt securities & money market instruments and equity & equity related securities. Hence, the scheme will allocate 75 to 100 per cent of asset in debt securities & money market instruments and 0 to 25 per cent of asset in equity & equity related securities.

Axis MF launches “Axis Fixed Income Opportunities Fund”; NFO to close on July 9 26/06/2014

Axis MF launches “Axis Fixed Income Opportunities Fund”; NFO to close on July 9
26/06/2014 10:51
Axis Mutual Fund has launched a new open ended debt scheme named “Axis Fixed Income Opportunities Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on June 25 and will close on July 09. According to the offer document filed with SEBI, the entry load is nil, while the exit load of 0.50 per cent will be charged if the scheme is redeemed within 3 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Devang Shah and Kedar Karnik will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate stable returns will be met by investing in debt & money market instruments across the yield curve & credit spectrum. Hence, the scheme will allocate 100 per cent of asset in debt & money market instruments.

L&T MF launches “L&T Arbitrage Opportunities Fund”; NFO to close on June 26 26/06/2014

L&T MF launches “L&T Arbitrage Opportunities Fund”; NFO to close on June 26
26/06/2014 11:29
L&T Mutual Fund has launched an open ended equity scheme named “L&T Arbitrage Opportunities Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will also close today. According to the offer document filed with SEBI, the entry load is nil, while the exit load of 0.50 per cent will be charged if the scheme is redeemed within 3 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Liquid Fund Index. Venugopal Manghat and Praveen Ayathan will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate reasonable returns will be met by investing in cash and derivatives segments of the equity markets and by investing balance in debt and money market instruments. Hence, the scheme will allocate 90 to 65 per cent of asset in Equity and equity related securities and equity derivatives and 10 to 35 per cent in debt and money market instruments.

Reliance MF declares dividend under “Reliance Dual Advantage Fixed Tenure Fund I - Plan L” 26/06/2014

Reliance MF declares dividend under “Reliance Dual Advantage Fixed Tenure Fund I - Plan L”
26/06/2014 11:17
Reliance Mutual Fund has announced 1.0000 cent dividend under dividend payout option of scheme named as “Reliance Dual Advantage Fixed Tenure Fund I - Plan L” on the face value of Rs 10 per unit. The record date for the dividend is June 30. The latest NAV of the scheme was Rs 13.32. The investment objective of the close ended income scheme is to generate returns and reduce interest rate volatility, through a portfolio of fixed income securities that are maturing on or before the maturity of the Scheme along with capital appreciation through equity exposure. The performance of the scheme is benchmarked against Crisil MIP Blended Index. Amit Tripathi is the fund manager of the scheme.

Reliance MF declares dividend under “Reliance Yearly Interval Fund - Series 9” 26/06/2014

Reliance MF declares dividend under “Reliance Yearly Interval Fund - Series 9”
26/06/2014 11:14
Reliance Mutual Fund has announced 8.3320per cent dividend under dividend payout option of scheme named as “Reliance Yearly Interval Fund - Series 9” on the face value of Rs 10 per unit. The record date for the dividend is June 30. The latest NAV of the scheme was Rs 10.84. The investment objective of the interval scheme is to generate returns and growth of capital by investing in a diversified portfolio of the following securities which are maturing on or before the next specified transaction date of the scheme with the objective of limiting interest rate volatility Central and State Government securities and Other fixed income/ debt securities. The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Amit Tripathi is the fund manager of the scheme.

Sundaram MF launches “Sundaram Top 100 Series III (3 Years)”; NFO to close on July 16 26/06/2014

Sundaram MF launches “Sundaram Top 100 Series III (3 Years)”; NFO to close on July 16
26/06/2014 11:07
Sundaram Mutual Fund has launched a new close ended equity scheme named “Sundaram Top 100 Series III (3 Years)” with maturity period of three years from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on June 25 and will close on July 16. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CNX 100. Venkatesan J will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate capital appreciation will be met by investing in equity securities specified as eligible securities for Rajiv Gandhi Equity Saving Scheme, 2012. Hence, the scheme will allocate 95 to 100 per cent in equity specified as eligible securities for RGESS and 0 to 5 per cent in cash and cash equivalents and money market instruments.

Axis MF launches “Axis Fixed Income Opportunities Fund”; NFO to close on July 9 26/06/2014

Axis MF launches “Axis Fixed Income Opportunities Fund”; NFO to close on July 9
26/06/2014 10:51
Axis Mutual Fund has launched a new open ended debt scheme named “Axis Fixed Income Opportunities Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on June 25 and will close on July 09. According to the offer document filed with SEBI, the entry load is nil, while the exit load of 0.50 per cent will be charged if the scheme is redeemed within 3 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Devang Shah and Kedar Karnik will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate stable returns will be met by investing in debt & money market instruments across the yield curve & credit spectrum. Hence, the scheme will allocate 100 per cent of asset in debt & money market instruments.

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan-Series 74-370 Days Plan X”; NFO to close on Ju 25/06/2014

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan-Series 74-370 Days Plan X”; NFO to close on Ju
25/06/2014 11:13
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan-Series 74-370 Days Plan X” with maturity period of 370 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on June 30. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Rahul Goswami and Rohan Maru will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of money market instruments and debt instrument including securitized debt. Hence, the scheme will allocate 60 to 100 per cent of asset in money market instruments and 0 to 40 per cent of asset in debt instrument including securitized debt.

IDFC MF declares dividend under “IDFC Asset Allocation Fund of Fund - Moderate Plan” 25/06/2014

IDFC MF declares dividend under “IDFC Asset Allocation Fund of Fund - Moderate Plan”
25/06/2014 10:57
IDFC Mutual Fund has announced 1.0240 per cent dividend under dividend payout option of scheme named as “IDFC Asset Allocation Fund of Fund - Moderate Plan” on the face value of Rs 10 per unit. The record date for the dividend is June 27. The latest NAV of the scheme was Rs 13.66. The investment objective of the funds of funds scheme is to generate capital appreciation through investment in different mutual fund schemes primarily local funds based on a defined asset allocation model. The performance of the scheme is benchmarked against Crisil MIP Blended Index. Punam Sharma is the fund manager of the scheme.

Deutsche MF declares dividend under “DWS Fixed Term Fund - Series 96” 25/06/2014

Deutsche MF declares dividend under “DWS Fixed Term Fund - Series 96”
25/06/2014 10:45
Deutsche Mutual Fund has announced 2.0000 per cent dividend under dividend payout option of scheme named as “DWS Fixed Term Fund - Series 96” on the face value of Rs 10 per unit. The record date for the dividend is June 27. The latest NAV of the scheme was Rs 10.96. The investment objective of the Debt-FMP scheme is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the scheme. The performance of the scheme is benchmarked against Crisil Short-Term Bond Fund Index. Kumaresh Ramakrishnan is the fund manager of the scheme.

SBI MF declares dividend under “SBI Arbitrage Opportunities Fund” 24/06/2014

SBI MF declares dividend under “SBI Arbitrage Opportunities Fund”
24/06/2014 11:33
SBI Mutual Fund has announced 0.7000 per cent dividend under dividend payout option of scheme named as “SBI Arbitrage Opportunities Fund” on the face value of Rs 10 per unit. The record date for the dividend is June 25. The latest NAV of the scheme is Rs 12.94. The investment objective of the equity-diversified scheme is to provide capital appreciation and regular income for unitholders by identifying profitable arbitrage opportunities between the spot and derivative market segments as also through investment of surplus cash in debt and money market instruments. The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Suchita Shah is the fund manager of the scheme.

Escorts MF declares dividend under “Escorts Short Term Debt Fund” 24/06/2014

Escorts MF declares dividend under “Escorts Short Term Debt Fund”
24/06/2014 11:08
Escorts Mutual Fund has announced 1.1000 per cent dividend under dividend payout option of scheme named as “Escorts Short Term Debt Fund” on the face value of Rs 10 per unit. The record date for the dividend is June 24. The latest NAV of the scheme was Rs 14.99. The investment objective of the debt-floaters scheme is to generate regular income through investment in a portfolio comprising substantially of floating rate debt securities (including floating rate securitised debt, money market instruments and fixed rate debt instruments swapped for floating rate returns). The scheme shall also invest in fixed rate debt securities (including fixed rate securitised debt, money market instruments and floating rate debt instruments swapped for fixed returns). The performance of the scheme is benchmarked against Crisil Liquid Fund Index. Anuj Jain is the fund manager of the scheme.

Principal MF declares dividend under “Principal Debt Savings Fund - MIP (Quarterly Dividend)” 23/06/2014

Principal MF declares dividend under “Principal Debt Savings Fund - MIP (Quarterly Dividend)”
23/06/2014 13:10
Principal Mutual Fund has announced 4.9230 per cent dividend under dividend payout option of scheme named as “Principal Debt Savings Fund - MIP (Quarterly Dividend)” on the face value of Rs 10 per unit. The record date for the dividend is June 24. The latest NAV of the scheme was Rs 12.64. The investment objective of the Debt-MIP fund scheme is to generate regular income through investments in fixed income securities so as to make periodical income distribution to the Unit holders and also to generate long-term capital appreciation by investing a portion of the schemes assets in equity and equity related instruments. The performance of the scheme is benchmarked against Crisil MIP Blended Index. Pankaj Jain is the fund manager of the scheme.

UTI MF declares dividend under “UTI Balanced Fund - Direct Plan” 23/06/2014

UTI MF declares dividend under “UTI Balanced Fund - Direct Plan”
23/06/2014 13:09
UTI Mutual Fund has announced 15.0000 per cent dividend under dividend payout option of scheme named as “UTI Balanced Fund - Direct Plan” on the face value of Rs 10 per unit. The record date for the dividend is June 23. The latest NAV of the scheme was Rs 28.67. The investment objective of the open ended equity-balanced fund scheme is to invest between 40 per cent to 75 per cent in equity / equity related securities and the balance in debt (fixed income securities) with a view to generate regular income together with capital appreciation. The performance of the scheme is benchmarked against Crisil Balanced Fund Index. Amandeep Chopra is the fund manager of the scheme.

Tata MF launches “Tata Fixed Maturity Plan Series 48- Scheme D (368 days)”; NFO to close on July 02 23/06/2014

Tata MF launches “Tata Fixed Maturity Plan Series 48- Scheme D (368 days)”; NFO to close on July 02 23/06/2014 13:08
Tata Mutual Fund has launched a new close ended debt scheme named “Tata Fixed Maturity Plan Series 48- Scheme D (368 days)” with maturity period of 368 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on July 02. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Amit Somani will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income and/or capital appreciation will be met by investing in a portfolio of debt & money market instruments. Hence, the scheme will allocate 0 to 100 per cent of asset in debt & money market instruments.

LIC Nomura MF launches “LIC Nomura MF Capital Protection Oriented Fund Series 4 (38 Months)”; NFO to close on Jul 23/06/2014

LIC Nomura MF launches “LIC Nomura MF Capital Protection Oriented Fund Series 4 (38 Months)”; NFO to close on Jul
23/06/2014 13:07
LIC Nomura Mutual Fund has launched a new close ended capital protection oriented scheme named “LIC NOMURA MF Capital Protection Oriented Fund Series 4 (38 Months)” with maturity period of 38 months from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on July 07. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend Payout option. The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Killol Pandya and Sachin Relekar will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to achieve capital protection will be met by investing in a portfolio of debt securities and money market instruments and options premium, equity and equity related instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities and money market instruments and 0 to 20 per cent of asset in options premium, equity and equity related instruments.

Axis MF launches “Axis Fixed Term Plan - Series 68 (645 days)”; NFO to close on June 27 23/06/2014

Axis MF launches “Axis Fixed Term Plan - Series 68 (645 days)”; NFO to close on June 27
23/06/2014 13:06
Axis Mutual Fund has launched a new close ended debt scheme named “Axis Fixed Term Plan - Series 68 (645 days)” with maturity period of 645 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on June 27. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Growth, Dividend and Quarterly Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Kedar Karnik will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns will be met by investing in a portfolio of debt instruments and money market instruments. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments and 0 to 30 per cent of asset in money market instruments.

Indian Markets Outlook for the week – 23 to 27.Jun.2014

Indian Markets Outlook for the week – 23 to 27.Jun.2014

(For Sectorwise Weekly Outlook Watch: www.rupeedesk.in)

     Trade in equities is expected to be volatile next week as rollover of positions to the July

series will begin with the current month derivatives series expiring on Thursday. On

Monday, the market will react to the hike in freight rates and passenger fares announced

by the government after market hours yesterday. Effective Jun 25, the government has

increased passenger rail fares by 14.2% and freight rates by 6.4%.

     Although the hike in fares and freight rates will impact inflation, market participants view this move as a positive because it will help improve the financial situation of Indian

Railways. WPI inflation is likely to see a marginally larger impact (the railway accounts

for around 35% of freight traffic in India) as the cost of transporting goods such as coal,

cement, oil, steel and food grains will rise.

     However, the hikes will improve the profitability of the railways, and hence they are a

move in the right direction. However, a few see the contract expiring closer to 7600

levels provided. National Stock Exchange's Nifty sustains above 7500. "7500 is a very

strong support for Nifty and if this is broken then a sell-off is likely," Traders may not

aggressively roll over their positions as the (Union) Budget is due next month and they

would want to see what the government does. If the index manages to sustain above

7500, then a short covering rally can be seen which will help the index futures expire

close to 7600 levels,

     Yesterday, the Nifty ended at 7511.45, down 29.25 points or 0.4% from Thursday.

Intraday, the index briefly slipped below the 7500-mark to touch a low of 7497.30. The

high for the day was 7560.55. S&P BSE's Sensex closed at 25105.51, down 96.29 points

or 0.4%. The 30-stock index hit a low of 25056.18 and high of 25276.31 intraday.

The hike in freight rates is expected to drag down shares of cement, mining and metal, oil

and gas, fertiliser, and logistics companies. Market participants expect the stocks to

witness a knee-jerk reaction as companies may not be able to pass on the hike to

consumers immediately. For cement companies especially, it will be difficult given the

weak demand, but market participants expect the impact to get neutralised over the next

few months as demand picks up.

     Banks are expected to trade with a positive bias next week and buying may emerge in

private sector banks. But Kotak Mahindra Bank may take a hit on Monday as MSCI will

exclude it from the Global Standard Index from Jul 8.

(For Sectorwise Weekly Outlook Watch: www.rupeedesk.in)

UTI MF declares dividend under “UTI CRTS 81 (Charitable & Relig)” 20/06/2014

UTI MF declares dividend under “UTI CRTS 81 (Charitable & Relig)”
20/06/2014 10:49
UTI Mutual Fund has announced 6.5000 per cent dividend under dividend payout option of scheme named as “UTI CRTS 81 (Charitable & Relig)” on the face value of Rs 100 per unit. The record date for the dividend is June 23. The latest NAV of the scheme was Rs 149.25. The investment objective of the Open-ended debt oriented Income scheme is to invest not more than 30 per cent of the funds in equity and equity related instruments and the balance in debt and money market instruments with low to medium risk profile. The performance of the scheme is benchmarked against Crisil MIP Blended Index. Amandeep Chopra is the fund manager of the scheme.

SBI MF launches “SBI Debt Fund Series A – 34 (367 Days)”; NFO to close on June 24 20/06/2014

SBI MF launches “SBI Debt Fund Series A – 34 (367 Days)”; NFO to close on June 24
20/06/2014 10:43
SBI Mutual Fund has launched a new close ended debt scheme named “SBI Debt Fund Series A – 34 (367 Days)” with maturity period of 367 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on June 19 and will close on June 24. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against Crisil Liquid Fund Index. Rajeev Radhakrishnan will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide regular returns and capital growth with limited interest rate risk will be met by investing in a portfolio of debt and money market securities. Hence, the scheme will allocate up to 100 per cent of asset in debt and money market securities.

Reliance MF launches “Reliance Fixed Horizon Fund- XXVI- Series 32”; NFO to close on June 27 20/06/2014

Reliance MF launches “Reliance Fixed Horizon Fund- XXVI- Series 32”; NFO to close on June 27
20/06/2014 10:35
Reliance Mutual Fund has launched a new close ended income scheme named “Reliance Fixed Horizon Fund- XXVI- Series 32” with maturity period of 1094 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on June 27. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend payout option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Amit Tripathi will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate returns and growth of capital will be met by investing in a portfolio of money market instruments and government securities & debt instruments. Hence, the scheme will allocate 0 to 30 per cent of asset in money market instruments and 70 to 100 per cent of asset in government securities & debt instruments.

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan-Series 74-1092 Days Plan W”; NFO to close on J 20/06/2014

ICICI Prudential MF launches “ICICI Prudential Fixed Maturity Plan-Series 74-1092 Days Plan W”; NFO to close on J
20/06/2014 10:28
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan-Series 74-1092 Days Plan W” with maturity period of 1092 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on June 19 and will close on June 26. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Rahul Goswami and Rohan Maru will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of money market instruments and debt instrument including securitized debt. Hence, the scheme will allocate 0 to 30 per cent of asset in money market instruments and 70 to 100 per cent of asset in debt instrument including securitized debt.