17 Jan 08 Reliance Natural Resources Fund NFO closes Jan 30

Reliance Natural Resources Fund NFO which opened on January 01, 2008 will close on January 30, 2008. During the NFO period the units of Reliance Natural Resources Fund will be available at Rs. 10 per unit. With the Indian economy expected to grow at a very rapid pace, sectors like oil & gas, metals, mining, power & energy sector will see a huge growth. Hence Reliance Natural Resources Fund from the reliance mutual fund which invests in these sectors is expected to provide excellent returns going forward.

03 Oct 07 Tata Indo Global Infrastructure Fund New Fund Offer (NFO) Details

The New Fund Offer (NFO) of Tata Indo Global Infrastructure Fund is open for subscription. The NFO closes on October 16, 2007. The Tata Indo Global Infrastructure Fund is a three year close ended equity scheme which will be automatically converted to an open ended scheme upon maturity. Tata Indo Global Infrastructure Fund provides an excellent opportunity for investors in India to benefit from the global infrastructure boom. Further Tata Indo Global Infrastructure Fund is likely to managed well since Tata Mutual Fund already has experience in the infrastructure sector by managing the Tata Infrastructure Fund, which is performing very well.

07 Aug 07 KOTAK Gold Exchange Traded Fund (KOTAKGOLD ETF) Listing Date

KOTAK Gold Exchange Traded Fund, which is the third Mutual Fund Scheme in India to offer a gold Exchange traded fund, will list on the National Stock Exchange (NSE) tomorrow 08, August 2007. The KOTAK Gold Exchange Traded Fund NFO opened on 20th June, 2007 and closed on 4th July, 2007. The listing date was informed by Kotak Mutual Fund through an NSE Press Release today. KOTAK Gold Exchange Traded Fund will invest 90-100% of its corpus in Gold and will invest 0-10% in money market instruments. The objective of the gold ETF is to match the returns offered by physical Gold and save people the hassles involved in buying and storing physical Gold. Since India is one of the largest consumers of Gold, the Kotak MF Gold ETF received pretty good investor interest during the NFO period.

12 May 07 SBI Mutual Fund declares dividend on SBI Magnum Sector Umbrella Contra Fund

SBI Magnum Sector Umbrella Contra Fund, an open ended equity scheme, from the stable of SBI Mutual Fund has declared a dividend of 40%. SBI Magnum Sector Umbrella Contra Fund is a fund which invests based on the contrarian investment principle and invests in stocks which are undervalued and trading at cheap valuations but presently out of favour in the market, hoping that the market will soon realise the potential of these fundamentally good stocks.