UTI new product- UTI PMS ELD Series 7.
Thursday, July 21, 2011
New Product Launch - Reliance Fixed Horizon Fund XX Series 23 (369 days)
Reliance Fixed Horizon Fund XX Series 23, a close ended income scheme with a tenure of 369 days.
Scheme Features:
- NFO Opening Date : 21st July, 2011
- NFO Closing Date : 01st Aug, 2011
- Duration of this fund: 369 days from the date of allotment of units
In view of the above, please find attached the product note and KIM for Reliance Fixed Horizon Fund XX Series 23
NFO - Birla Sun Life Fixed Term Plan - Series DG (Tenure-368 days)(opens on 20th of July 2011 and Closes on 28th of July 2011)
Launch of new FMP " Birla Sun life Fixed Term Plan Series DG".
The details are as follows:
Subscription Period : Opens- Wednesday 20th of July 2011 , Closes- Thursday 28th of July 2011
Indicative Date of Allotment : Friday 29th of July 2011.
Indicative Date of Maturity : Monday 30th of July 2012 or the next business day if 30th of July 2012 is a non-business day.
Duration : 368 days from the date of allotment.
Minimum Appl Amount : Rs. 5,000/-
Indicative Asset Allocation : Debt Securities and Money Market Instruments - 100%
Wednesday, July 20, 2011
Principal Mutual Fund - Scheme Details
Principal Large Cap & Principal Emerging Blue chip Fund
Principal Large Cap Fund
Salient Features
· It’s an open ended Equity - Fund that predominantly invests in the BSE 100 market cap range with a portfolio of 40 – 50 stocks.
· The fund is suitable for conservative investors as large cap Stocks are less volatile as compared to other stocks.
· The fund was a runner up in the CNBC TV – 18 - CRISIL Mutual Fund Awards 2010 in the Large Cap Oriented Funds category.
· The fund has been an outperformer in its category with 2- years’ annualized returns of 19.66% and 5 years annualized returns of 18.01%. (Src : valueresearchonline.com , As on 19th Jul’11)
· Benchmark: - BSE 100 market cap range.
· CRISIL CPR Rating :- CPR 2 & Value research Rating :- ****
Principal Emerging Blue Chip Fund
Salient Features
· It’s an open ended mid & small cap equity fund- Predominantly investing in the CNX Midcap market cap range with 5% to 15% allocation to small cap stocks.
· The objective of the fund is to provide capital appreciation.
· The fund is suitable for the investors with moderate to aggressive risk appetite.
· Inception Date 12th Nov, 2008 & fund has given almost 50% return since Inception. The past 2- years’ annualized returns of the fund are 21.14% (Src : valueresearchonline.com , As on 19th Jul’11)
· Benchmark :- CNX Midcap Index
The soft copy of the KIM is attached for ready reference.
LIC NOMURA MF FIXED MATURITY PLAN SERIES 48 ( 367 DAYS)
Fixed Maturity Plan by LIC Nomura is proposed for launching from 21/7/2011 to 28/7/2011 with 367 days as maturity period.
Tuesday, July 19, 2011
Inventure Growth & Securities Ltd. IPO - Information about ASBA
Firstly, only the sub-syndicates which have presence in the 12 centers namely Mumbai, Chennai, Kolkata, Delhi, Ahmadabad, Rajkot, Jaipur, Bangalore, Hyderabad, Pune, Baroda and Surat can accept ASBA Forms.
Secondly, these sub-syndicates have the option of submitting the ASBA Forms only with the 18 banks mentioned in the link
http://www.sebi.gov.in/pmd/scsb-asba.html. The details of branches of the banks for submitting ASBA forms are also provided in the link.
Thus, a sub-syndicate cannot accept a bid, where the bank account to be blocked is of a bank which is not named in the list of 18 banks. |
Sl. No. | Name of the bank | For Details of Branches for submitting syndicate / sub syndicate ASBA forms |
1. | HSBC Ltd. | |
2. | ICICI Bank Ltd. | |
3. | Union Bank of India | |
4. | Kotak Mahindra Bank Ltd. | |
5. | State Bank of India | |
6. | HDFC Bank Ltd. | |
7. | State Bank of Hyderabad | |
8. | J. P. Morgan Chase, Bank, N.A. | |
9. | Nutan Nagarik Sahakari Bank Ltd | |
10. | Indian Overseas Bnak Ltd. | |
11. | Bank of America N.A. | |
12. | Tamilnad Mercantile Bank Ltd. | |
13. | Karur Vasya Bank Ltd. | |
14. | The Kalupur Commercial Co-operative Bank Ltd. | |
15. | Yes Bank Ltd. | |
16. | Punjab National Bank | |
17. | Indusind Bank Ltd. | |
18. | The Lakshmi Vilas Bank Ltd. |
"Debt Funds Return: Opportunities in Fixed Income"
The presentation highlights the current market scenario, our views on the same and opportunities that can arise going ahead along-with our recommendation of funds like Templeton India Low Duration Fund, Templeton India Short Term Income Plan and Templeton India Income Opportunities Fund.
Also find attached the brochures and fact sheet of these funds for your reference.
Mirae Asset India Opportunities Fund ranked No. 1 by Value Research
Mirae Asset India Opportunities Fund has been ranked No. 1 by Mutual Fund Insight magazine (Value Research publication) in the Large & Mid-cap equity funds category (out of 73 funds) on 3 years return basis. In addition, the fund features among the top 2 funds on 1 year returns.
Our flagship fund has delivered 24% returns in 3 years compared to category average of 13.6%. Similarly, its 1 year performance stands at 11.7% compared to category average of 4.5%. The performance is based on data as on 30th June, 2011.
The scanned copy of the clipping has been attached for your reference. You can check out the same on Page No. 66 in the magazine’s latest edition dated July 15 – August 14, 2011.
Gold would have to reach $5,800 to match the performance between 1966 and 1980.
While gold is making new highs it still has a long way to go to match the performance experienced between 1966 and 1980. To match that performance gold would have to reach $5,800. However, what needs to be taken into account is that the previous bull market was largely a North American phenomenon whereas this time it is global with China, India Russia and Brazil participating.
Source:http://www.nowandfutures.com/last_hard_asset_bull_comparisons.html
Monday, July 18, 2011
HSBC Brazil Fund.....................Contact Us at 9289505355
Key features | |
Name of the scheme | HSBC Brazil Fund (HBF) |
Type of Scheme | An open-ended Fund of Funds Scheme |
Investment objective | The primary investment objective of the Scheme is to provide long-term capital appreciation by investing predominantly in units/shares of HSBC Global Investment Funds (HGIF) Brazil Equity Fund. The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus. The Scheme may also invest a certain proportion of its corpus in money market instruments and/or units of liquid mutual fund schemes, in order to meet liquidity requirements from time to time. |
Options | Growth, Dividend (Payout & Dividend Reinvestment) |
Date of allotment | 09 May 2011 |
Minimum application amount | Rs 10,000 |
Minimum additional investment | Rs. 1000/- and multiples of Re. 1/- thereafter |
Load structure (including SIP/STP where applicable) | Entry Load |
Systematic investment plan | Monthly/Quarterly plan |
Transparency | NAV will be determined on every business day. NAV of the scheme/option(s) shall be made available at all Investor Service Centers of the AMC. The AMC shall have the NAV published in two daily newspapers and updated on the AMC's website www.assetmanagement.hsbc.com/in |
Benchmark index | MSCI Brazil 10/40 Index (Click here to view the benchmark performance) |
Systematic investment plan | Monthly/Quarterly Plan |
Systematic encashment plan | Monthly/Quarterly. NAV as on first business day of each month. Fixed amount or Capital Appreciation. |
Cut-off time |
|
Minimum redemption amount | Rs 1,000 and multiples of Re 1 thereof |
Mode of holding | Single, Joint or Anyone or Survivor |
Redemption | Within 10 working days of the receipt of the redemption request at the Official Points of Acceptance of Transactions of the Registrar and the AMC. The Fund would endeavour to effect redemption payouts (net of applicable taxes) within seven business days under normal circumstances |
Asset allocation | 95 - 100 per cent Units/shares of HGIF Brazil Equity Fund |
Dividend frequency | Declaration of dividend and its frequency will inter-alia depend upon the distributable surplus. |
Purchase redemptions | All business days |
NAV calculation | All business days |
Fund manager | Gaurav Mehrotra and Niren Parekh (for overseas investments), Sanjay Shah (for investments in Indian Market) |
L&T Finance Holdings Ltd - IPO Details
L&T Finance Holdings Ltd IPO
Issue Period: July, 27 to July, 29, 2011
Issue Size : Rs. 1245 cr
Price Band: Will be announced two working days prior to the issue opens
Lot Size: Will be announced two working days prior to the issue opens
Employee Discount : Will be announced two working days prior to the issue opens
Registrar: Sharepro Services (India) Private Limited
QIB Book: 50% of Net issue size
HNI Book: 15% of Net issue size
Retail Book: 35% of Net issue size
New Product Launch - Reliance Fixed Horizon Fund XIX Series 22 (727 days)
Reliance Fixed Horizon Fund XIX Series 22, a close ended income scheme with a tenure of 727 days.
Scheme Features:
- NFO Opening Date : 14th July, 2011
- NFO Closing Date : 19th July, 2011
- Duration of this fund: 727 days from the date of allotment of units
In view of the above, please find attached the product note and KIM for Reliance Fixed Horizon Fund XIX Series 22
Launch of Sundaram Capital Protection Oriented Fund Series -4 (3 yrs)
Sundaram Capital Protection Oriented Fund Series 4(3 Years Closed Ended)
v NFO Opens on – 15th July,2011
v NFO Closes on – 29th July,2011
v Entry Load – NIL
v Exit Load – NIL
v Options – Growth Option and Dividend Option
v Minimum Application Amount – Rs 5,000
v Cheque in Favor of – “SMF CPOF 3Y4S”
Fund Key Characteristics
v Capital Protection Orientation – Endeavour’s to preserve capital by investing sufficient funds (80%) in fixed income securities so that, with the interest it grows back to your initial capital value over a 3 year period.
v Capital Gains – Generates capital appreciation by investing a part of fund (20%) in equity, it will be a Large cap equity portfolio which will create scope for attaining higher returns as compared to broad market
v Highest CRISIL rating AAA (so) – This rating indicates the highest degree of certainty regarding timely payment of face value of the investment of investors.
v Tax Efficient – The tax efficiency of this fund is attractive as gains will be taxed as long term capital gains and investor can take Indexation benefit.
Application form and product note is enclosed for your gracious perusal
Thursday, July 14, 2011
ASBA(Application Supported by Blocked Amount) PROCESS
Application Supported by Blocked Amount (hereinafter referred to as “ASBA”) are mentioned below for understanding the ASBA process:
1. Meaning of ASBA : ASBA means an application for subscribing to a public issue, along with an authorisation to Self Certified Syndicate Bank to block the application money in a bank account.
2. Eligibility of Investors for ASBA : All Investors are eligible to apply through ASBA in public issues. Non retail investors i.e. QIBs and Non Institutional investors shall mandatorily apply through ASBA process.
3. Self Certified Syndicate Bank (SCSB) : SCSB means a banker to an issue registered with the Board, which offers the facility of ASBA.
4. Syndicate ASBA: The Syndicate Member / Sub-Syndicate Member (Stock Brokers registered with SEBI), who procure the ASBA forms from the bidders, upload the bid and other relevant details of such ASBA forms in the bidding platform provided by stock exchanges and forward the same to the designated SCSBs. ASBA facility through Syndicate / Sub-Syndicate Member shall be available at the following bidding centers only:
i. Mumbai ii. Chennai iii. Kolkata iv. Delhi v. Ahmedabad vi. Rajkot vii. Jaipur viii. Bangalore ix. Hyderabad x. Pune xi. Baroda xii. Surat. The details of the bidding centres are given in this Bid cum ASBA Form.
5. ASBA Process in brief :
a).SCSB: An ASBA investor shall submit an ASBA Form physically or electronically through the internet banking facility, to the designated SCSB with whom the bank account to be blocked, is maintained. The SCSB shall then block the application money in the bank account specified in the ASBA, on the basis of an authorisation to this effect given by the account holder in the ASBA. The application money shall remain blocked in the bank account till finalisation of the basis of allotment in the issue or till withdrawal/ failure of the issue or till withdrawal/ rejection of the application, as the case may be. The application data shall thereafter be uploaded by the SCSB in the electronic bidding system through a web enabled interface provided by the Stock Exchanges.
b.Syndicate ASBA: An ASBA investor shall submit an ASBA Form physically to the Syndicate/Sub-Syndicate Member indicating the mode of payment option in the ASBA Form. The Syndicate ASBA shall give an acknowledgement by giving the counter foil as proof of having accepted his/ her application. However, ASBA bids through Syndicate ASBA is permitted only at the Syndicate ASBA centers. The Syndicate Member shall upload bid details and other relevant details in the electronic bidding system provided by stock exchange(s), which allows syndicate members to undertake modification of selected fields in the bid details already uploaded.
The Syndicate ASBA then forwards the ASBA Form to the designated branch of SCSB along with a schedule (containing application number, payment instrument number and amount). The SCSB shall then verify the signature and block the application money in the bank account specified in the ASBA Form, on the basis of an authorisation to this effect given by the account holder in the ASBA. The application money shall remain blocked in the bank account till finalisation of the basis of allotment in the issue or till withdrawal/ failure of the issue or till withdrawal/ rejection of the application, as the case may be. Once the basis of allotment is finalized, the Registrar to the Issue shall send an appropriate request to the CB of SCSB for unblocking the relevant bank accounts and for transferring the requisite amount to the issuer’s account designated for this purpose. In case of withdrawal/ failure of the issue, the amount shall be unblocked by the SCSB on receipt of information from the BRLM through the concerned Registrar to the Issue.
6.Obligations of the Issuer : The issuer shall ensure that adequate arrangements are made by the Registrar to the Issue to obtain information about all ASBAs and to treat these applications similar to non-ASBA applications while finalizing the basis of allotment, as per the procedure specified in the SEBI (ICDR) Regulations.
7. Applicability of ASBA process : ASBA process shall be applicable to all book-built public issues.
8. Withdrawal of Application Form : In case an ASBA bidder wants to withdraw his/ her ASBA during the bidding period, he/she shall submit his/her withdrawal request to the SCSB, which shall do the necessary, including deletion of details of the withdrawn ASBA from the electronic bidding system of the Stock Exchange(s) and unblocking of funds in the relevant bank account. In case an ASBA bidder wants to withdraw his/her ASBA after the bid closing date, he/ she shall submit the withdrawal request to the Registrar to the Issue. The Registrar shall delete the withdrawn bid from the bid file.
9. Other Information for ASBA Bidders :
1. SCSB/Syndicate ASBA shall not accept more than five applications per account per Issue to be blocked.
2. Bidder should not submit the Bid cum ASBA Form with a member of the Syndicate at a location other than the Syndicate ASBA centers.
3. SCSB/ Syndicate ASBA shall not accept any ASBA after the closing time of acceptance of bids on the last day of the bidding period.
4. SCSB/ Syndicate ASBA shall give ASBA bidders an acknowledgment for the receipt of ASBAs.
5. SCSB/Syndicate ASBA shall not upload any ASBA in the electronic bidding system of the Stock Exchange(s) unless –
(i) it has received the ASBA in a physical or electronic form; and
(ii) it has blocked the application money in the bank account specified in the ASBA or has systems to ensure that Electronic ASBAs are accepted in the system only after blocking of application money in the relevant
bank account opened with it.
6. SCSB/ Syndicate ASBA shall ensure that the details of a particular ASBA are uploaded only once in the electronic bidding system of any one of the Stock Exchange(s). SCSB/ Syndicate ASBA shall be solely responsible
for the completion and accuracy of all details entered / uploaded on the electronic bidding system of the Stock Exchange(s).
7. In case of withdrawal of bids by ASBA Bidders during the bidding period, SCSB/ Syndicate ASBA shall ensure deletion of the withdrawn ASBA from the electronic bidding system of the Stock Exchange(s) and unblocking
of funds in the relevant bank account within the timelines specified in the ASBA facility.
8. SCSB/ Syndicate ASBA shall ensure that information about revision in the bidding period or price band, as and when received, is communicated and effected to in its systems promptly, for information of ASBA Bidders.
9. SCSB/ Syndicate ASBA shall ensure that complaints of ASBA Bidders arising out of errors or delay in capturing of data, blocking or unblocking of bank accounts, etc. are satisfactorily redressed.
10. SCSB/ Syndicate ASBA shall be liable for all its omissions and commissions in discharging responsibilities in the ASBA process.
11. Registrar to the Issue shall act as a nodal agency for redressing complaints of ASBA and non-ASBA Bidders, including providing guidance to ASBA Bidders regarding approaching the concerned SCSB/ Syndicate ASBA.
12. The Stock Exchange(s) shall ensure that an issue specific code is generated from the electronic bidding system, so that SCSB/ Syndicate ASBA do not face any problem in segregating the ASBA Issue-wise.
13. In case of withdrawal of ASBA during the bidding period, the Stock Exchange(s) shall provide the facility of enabling SCSB/ Syndicate ASBA to –
(i) delete the ASBA from the electronic bidding system or mark the withdrawal individually against the original bid uploaded; or
(ii) upload withdrawal of the ASBA in batch mode, in the electronic bidding system
How to File Your Tax Online ..............Simplified Way
Dear Tax Filers for helping you to file your TAX online , we have initiated a HELPDESK ,wherein you can send form 16 and avail Income Tax Filing at 75/- all inclusive.
Write to us at info@moneytreefinance.in
Moreover
Since we are in the financial services space we are always eager to help common man , therefore in order to help people who are remotely and are technologically savvy I am attaching a note on “How to File Income Tax Online” and Form ITR 1 ( Only for Salaried Class)
Wishing all Tax Payers all the best for Online Filing
Bharatia Global Infomedia L. - IPO : Accepting,bidding and banking of ASBA forms by BRLM/Syndicate/Sub-syndicate members
Only the sub-syndicates which have presence in the 12 centers namely Mumbai, Chennai, Kolkata, Delhi, Ahmadabad, Rajkot, Jaipur, Bangalore, Hyderabad, Pune, Baroda and Surat can accept ASBA Forms.
Secondly, these sub-syndicates have the option of submitting the ASBA Forms only with the 18 banks mentioned in the link
http://www.sebi.gov.in/pmd/scsb-asba.html. The details of branches of the banks for submitting ASBA forms are also provided in the link.
Thus, a sub-syndicate cannot accept a bid, where the bank account to be blocked is of a bank which is not named in the list of 18 banks.
Sl. No. | Name of the bank | For Details of Branches for submitting syndicate / sub syndicate ASBA forms |
1. | HSBC Ltd. | |
2. | ICICI Bank Ltd. | |
3. | Union Bank of India | |
4. | Kotak Mahindra Bank Ltd. | |
5. | State Bank of India | |
6. | HDFC Bank Ltd. | |
7. | State Bank of Hyderabad | |
8. | J. P. Morgan Chase, Bank, N.A. | |
9. | Nutan Nagarik Sahakari Bank Ltd | |
10. | Indian Overseas Bnak Ltd. | |
11. | Bank of America N.A. | |
12. | Tamilnad Mercantile Bank Ltd. | |
13. | Karur Vasya Bank Ltd. | |
14. | The Kalupur Commercial Co-operative Bank Ltd. | |
15. | Yes Bank Ltd. | |
16. | Punjab National Bank | |
17. | Indusind Bank Ltd. | |
18. | The Lakshmi Vilas Bank Ltd. |
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