Liquid Fund Performance for April'2011

 

Liquid Schemes
Performance as on April 29, 2011
Scheme Name	NAV as on 29-Apr-11	AUM (Mar'11)	Simple Annualized								Compound Annualized
			1 Day	3 Day	1 Week	2 Week	3 Week	1 Month	3 Month	6 Month	1 Year	Since Inception
Liquid
AIG India Liquid Fund - Super IP - Growth	1269.2865 (29-Apr-11)	32.22	8.11	7.88	8.21	8.33	8.32	8.54	8.39	8.10	6.67	6.84
Axis Liquid Fund - IP - Growth	1093.8192 (29-Apr-11)	4360.98	7.97	8.32	8.35	8.21	8.13	8.39	8.37	8.01	6.91	5.94
Baroda Pioneer Liquid Fund - Inst Plan - Growth	1130.5287 (29-Apr-11)	0.00	8.35	8.30	8.21	8.21	8.15	8.48	8.30	7.87	6.89	5.66
Birla Sun Life Cash Plus - Institutional Premium Plan - Growth	15.8016 (29-Apr-11)	0.00	8.32	8.32	8.36	8.43	8.32	8.59	8.45	8.00	6.91	6.67
BNP Paribas Overnight Fund - IP - Growth	15.1699 (29-Apr-11)	574.88	8.66	8.59	8.62	8.60	8.59	9.03	8.61	8.23	7.30	6.46
Canara Robeco Liquid - Super IP - Growth	12.0017 (29-Apr-11)	0.00	8.52	8.32	8.27	8.28	8.26	8.59	8.36	7.94	6.90	6.58
DSP BlackRock Cash Manager Fund - IP - Growth	1167.5493 (19-Feb-10)	57.76	3.56	4.25	3.64	3.64	3.57	3.47	3.50	3.66	4.33	6.89
DWS Insta Cash Plus Fund - Super IP - Growth	128.2007 (29-Apr-11)	0.00	9.03	8.60	8.36	8.37	8.25	8.63	8.39	7.97	6.95	7.04
Fidelity Cash Fund - Super IP - Growth	13.4513 (29-Apr-11)	246.28	11.13	9.14	8.63	8.54	8.45	8.78	8.39	8.00	6.83	6.93
HDFC Liquid Fund - Premium Plus Plan - Growth	19.8231 (29-Apr-11)	3282.74	8.29	8.17	8.32	8.25	8.11	8.41	8.34	7.86	6.80	6.36
HSBC Cash Fund - Institutional Plus - Growth	15.1088 (29-Apr-11)	270.82	7.73	7.65	7.44	7.49	7.44	7.66	7.77	7.35	6.42	6.15
ICICI Prudential Liquid - Super IP - Growth	145.9858 (29-Apr-11)	0.00	8.43	8.45	8.41	8.27	8.22	8.48	8.42	7.97	6.88	7.19
IDBI Liquid Fund - Growth	1059.0367 (29-Apr-11)	1503.51	8.38	8.35	8.23	8.20	8.11	8.42	8.29	7.92	--	7.38
IDFC Cash Fund - Plan C - Super I P - Growth	12.0072 (29-Apr-11)	0.00	8.51	8.31	8.31	8.28	8.23	8.56	8.41	7.95	6.88	2.62
ING Liquid Fund - Super IP - Growth	14.7329 (29-Apr-11)	93.05	8.43	9.17	8.08	7.88	7.87	8.16	8.27	8.00	6.96	6.98
JM High Liquidity - Super I P - Growth	15.4524 (29-Apr-11)	0.00	8.27	8.27	8.45	8.40	8.35	8.53	8.39	8.05	6.95	6.46
JPMorgan India Liquid Fund - Super IP - Growth	12.7857 (29-Apr-11)	577.03	8.57	8.38	8.37	8.22	8.03	8.34	8.18	7.89	7.06	7.05
Kotak Liquid - IP - Growth	19.4145 (29-Apr-11)	1975.68	8.09	8.03	7.96	7.91	7.94	8.29	8.08	7.52	6.20	6.03
L&T Liquid Fund - Super IP - Growth	13.5416 (29-Apr-11)	904.40	8.36	8.36	8.41	8.32	8.36	8.54	8.37	7.98	6.74	6.86
LIC Nomura MF Liquid Fund - Growth	18.0512 (29-Apr-11)	4436.02	8.09	8.16	7.93	7.95	8.16	8.20	8.16	7.65	6.70	6.68
Peerless Liquid Fund - Super IP - Growth	10.7662 (29-Apr-11)	0.00	8.82	8.59	8.49	8.48	8.44	8.78	8.69	8.29	7.38	6.41
Pramerica Liquid Fund - Growth	1052.6240 (29-Apr-11)	0.00	8.74	8.66	8.28	8.21	8.28	8.64	8.50	8.15	--	7.94
PRINCIPAL Cash Mgmt Fund - Growth	15.3547 (29-Apr-11)	363.60	8.56	8.33	8.16	8.06	8.04	8.38	8.33	7.92	6.74	6.64
Reliance Liquidity Fund - Growth	14.8680 (29-Apr-11)	0.00	8.35	8.35	8.39	8.41	8.32	8.67	8.49	7.96	6.86	6.99
Religare Liquid Fund - Super IP - Growth	1355.9530 (29-Apr-11)	1321.84	8.34	8.29	8.18	8.26	8.14	8.48	8.40	8.02	6.90	7.08
Sahara Liquid Fund - VP - Growth	1806.1008 (29-Apr-11)	56.80	9.13	9.09	9.13	9.23	9.30	10.56	9.30	8.40	7.17	7.26
SBI Magnum Insta Cash - Cash Plan	21.9168 (29-Apr-11)	2765.29	8.33	8.28	8.15	7.95	7.88	8.24	8.13	7.82	6.82	6.77
SBI Premier Liquid Fund - Super IP - Growth	15.5219 (29-Apr-11)	3564.94	8.70	8.39	8.31	8.27	8.24	8.48	8.40	7.94	6.89	6.42
Daiwa Liquid Fund - IP - Growth	1104.5794 (29-Apr-11)	265.94	8.40	8.45	8.38	8.26	8.21	8.37	8.26	7.62	6.80	5.66
Sundaram Money Fund - Super IP - Growth	20.8040 (29-Apr-11)	401.36	8.60	8.31	8.38	8.30	8.23	8.52	8.37	8.08	6.90	6.95
Tata Liquid Fund - SHIP - Growth	1822.6862 (29-Apr-11)	0.00	8.49	8.37	8.32	8.27	8.22	8.58	8.41	7.96	6.90	6.43
Taurus Liquid Fund - Super IP - Growth	1062.4223 (29-Apr-11)	0.00	8.53	8.45	8.35	8.33	8.32	8.70	8.59	8.18	5.64	3.01
Templeton India TMA - Super IP - Growth	1467.7578 (29-Apr-11)	1455.91	10.51	8.82	8.85	8.53	8.26	8.66	8.49	8.06	6.95	7.02
UTI Liquid Fund - Cash Plan - IP - Growth	1620.6219 (29-Apr-11)	4972.88	8.52	8.49	8.29	8.23	8.02	8.49	8.32	7.89	6.82	6.43
Indices
Crisil Liquid Fund Index	1666.23		7.38	7.20	7.00	7.01	6.86	7.37	7.91	7.61	6.50	--
Source: www.mutualfundsindia.com
Disclaimer: The information contained in this report has been obtained from sources considered to be authentic and reliable. However, mutualfundsindia.com is not responsible for any error or inaccuracy or for any losses suffered on account of information.

 

NFO - Birla Sun Life Fixed Term Plan - Series DA

Scheme Information Document and Key Information Memorandum cum Application Form of Birla Sun Life Fixed Term Plan - Series DA, a close ended income scheme, the NFO of which starts on May 03, 2011 and closes on May 11, 2011.

 

Birla Sun Life Gold ETF ( 25th April to 9th May 2011)

For thousands of years, gold has been prized for its rarity, its beauty, and above all, for its unique characteristics as a store of value. It's an effective hedge against inflation. It adds stability to your portfolio. It has the ability to retain value & appreciate in value. In today's uncertain climate, many investors turn to gold because it is an important and secure asset that can be tapped at any time, under virtually any circumstances.


Now here's your chance to add some glitter to your portfolio.  Presenting the Birla Sun Life Gold ETF, which invests on your behalf in Gold having purity of 99.5% or higher, sourced from London Bullion Market approved refiners.

Gold ETF is an excellent option for having exposure to Gold as an asset class due to the following reasons:

• Potentially cheaper to have price exposure to gold price as compared to other available avenues
• Quick and convenient dealing through Demat account. Can be traded on stock exchange like buying / selling a stock.
• No storage and security issue for investors
• Transparent pricing
• Taxation of non-equity Mutual Fund. No Wealth Tax.
• Ideal for accumulation as minimum lot size to trade is one unit of Gold ETF which is approximately equal to one gram of Gold.
• Facility of conversion of units to Physical Gold Provided by some market participants^# (refer product note).

New Fund Offer for the scheme opens on 25th Apr 2011 and closes on 09th May 2011. The Fund will be managed by Mr. Satyabrata Mohanty.
Please find more details in the attached Product note. Also attached  NFO Application form.

MILESTONE DOMESTIC SCHEME III (MDS III)

MILESTONE DOMESTIC SCHEME III (MDS III)

 

Milestone Domestic Scheme III is a India focused SEBI registered Real Estate Fund aimed at generating superior returns by investing in medium term structured real estate projects which have made significant progress and have temporary funding gaps.

 

About Milestone Capital Advisors Limited

•        Significant experience in Real Estate and Private Equity - The Advisors' proven investment strategy of applying the rigor of private equity evaluation approach to real estate opportunities ensures attractive returns on capital

•        Advises 5 India focused real estate funds aggregating Rs. 2,000 crores

•        Team has a collective experience of advising investments of over Rs. 4,000 crores in various real estate projects

•        Advised on similar deals in the past with quality developers

•        Delivered consistent returns to investors even in difficult market conditions

o   Advises India's first private REIT-like fund structure (in partnership with IL&FS Investment Managers Ltd.) which has distributed quarterly returns to investors (for 11 quarters in IL&FS Milestone Fund-I and for 6 quarters in IL&FS Milestone Fund-II)

o   Milestone Domestic Scheme-I, since its launch in 2007 has finalised exits for 12% of it corpus at investment multiples ranging between 1.25x - 2.04x

o   IL&FS Milestone Fund-I, since its launch in 2007 has finalised exits for 17% of it corpus at investment multiples of over 1.50x

 

Key Fund Terms

 

Fund Size	Rs. 500 crores plus Green Shoe option of Rs. 250 crores
Fund Type	SEBI registered Structured/Mezzanine Real Estate Fund
Fund Life	3½ years (option of extension of two terms of one year each)
Minimum Commitment	Rs. 1 crore for Banks and Institutions Rs. 25 lakhs for Corporate & Trusts Rs. 15 lakhs for Individual investors (Rs. 10 lakhs if payment is made in a single installment)
Drawdown	Option 1: Upfront payment (Minimum Rs. 10 lakhs) Option 2: 40% upfront and balance in two installments of 30% each (Minimum Rs. 15 lakhs)
Commitment Period	18 Months from final closing date
Hurdle Rate	12% (Pre Tax, Post Expenses) p.a.
Target Return	22% (Pre Tax, Post Expenses) p.a.
Carried Interest	15%*
Management Fee	Annual Management Fees: 1.5% of commitment amount One Time Setup Fees: 2% of commitment amount
Redemption And Distributions	Capital redemption expected to start 3rd year onwards Possibility of annual yield distributions
Investment Limits	Single Company - Upto 15-25% of corpus Single Developers/Group Level - Upto 25-40% of corpus

* Carried Interest will be charged aſter distribution of total investment amount and hurdle rate of return with catch-up

 

 

Investment Strategy

·         Investment in high quality projects which are either under construction or projects which are to be launched within 6 months

·         Focus on Top 8 cities along with development partners, who have the market expertise, construction management capacity and good track record of project execution

·          Investments are based on strong diligence and carry a preferred fixed return with an upside variable return

·         Structured/Mezzanine Financing - Lack of debt financing, equity funding, fall in real estate prices coupled with refinancing needs have created funding issues and thereby created opportunities for Structured/ Mezzanine Finance which have characteristics of both equity and debt

 

Key Advantages

·         Structured / Mezzanine Financing -  Provides returns higher than debt and has lower risks than equity

·         Attractive Returns: Superior returns at lower risk through investment at fixed preferred return with built in upside variable return

·         Lower Risk: Since investment will be made in projects which have made significant progress, the development risk is significantly lower

·         Short Tenure of 3½ years: Unlike Development finance for Real Estate, Structured / Mezzanine Finance is usually for a predefined shorter duration

·         Relatively lower annual management fee (1.5% p.a.) compared to the market practice of 2% p.a.

·         Share in profits (15% with catch-up) only after the investors receive their hurdle rate of return (12% pre-tax annualized)

 

Taxation

•        Fund would mainly have interest income and long term capital gain at the time of sale of project

•        The Fund has been structured as a discretionary trust. There is no double taxation as per Section 164 of the Income Tax Act. Fund will be paying the tax as per Section 164 of the Income Tax Act

•        Interest income arising from Portfolio Company is taxable at maximum marginal rate applicable to Fund

•        Long term capital gain tax on sale of securities - currently 20% (excluding applicable surcharge & cess) in unlisted securities

 

Other Details

·         Cheque/DD to be drawn in favor of: "Milestone Domestic Scheme III "

·         Registrar and Transfer Agent: CAMS

 

 

Enclosure:  Product Presentation

                       Application form and the Contribution agreement