Bharti AXA Mutual Fund has announced a revision in exit load under Bharti AXA Equity Fund (Eco, Regular and Institutional Plan) and Bharti AXA Focused Infrastructure Fund, with effect from January 1, 2011.
Now exit load for both the funds will be 1 per cent if redeemed within 1 year from the date of allotment. Earlier exit load for both the funds used to be Nil.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Saturday, January 1, 2011
DSP BlackRock MF Launches DSP BlackRock FMP - 3M - Series 27
DSP BlackRock Mutual Fund has announced the launch of DSP BlackRock FMP - 3M - Series 27. The New Fund Offer (NFO) will open for subscription from January 4, 2011 to January 6, 2011.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Dividend Declaration under Escorts Mutual Fund
Escorts Mutual Fund has approved the declaration of dividend under dividend option of Escorts Income Plan and Escorts Opportunities Fund. The quantum of declaration will be 0.70% for Escorts Income Plan and 0.981% for Escorts Opportunities Fund.
The record date is January 5, 2011.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
The record date is January 5, 2011.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Change in Name of Edelweiss Absolute Return Equity Fund
Edelweiss Mutual Fund has decided to change the name of Edelweiss Absolute Return Equity Fund to Edelweiss Absolute Return Fund, with effect from January 1, 2011.
Except from the name, all other features of the scheme shall remain unchanged..
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Except from the name, all other features of the scheme shall remain unchanged..
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Change in Exit Load under Edelweiss Diversified Growth Fund Equity Top 100
Edelweiss Mutual Fund has announced a revision in exit load under Edelweiss Diversified Growth Fund Equity Top 100, with effect from January 1, 2011.
Now exit load will be 1% if redeemed within 365 days from the date of allotment and Nil if redeemed after 365 days from the date of allotment.
Earlier exit load used to be 1% if redeemed within 180 from the date of allotment, 0.50% if redeemed after 180 days but before 365 days from the date of allotment and Nil if redeemed after 365 days from the date of allotment.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Servive Associate
DENIP Consultants Pvt. Ltd.
Now exit load will be 1% if redeemed within 365 days from the date of allotment and Nil if redeemed after 365 days from the date of allotment.
Earlier exit load used to be 1% if redeemed within 180 from the date of allotment, 0.50% if redeemed after 180 days but before 365 days from the date of allotment and Nil if redeemed after 365 days from the date of allotment.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Servive Associate
DENIP Consultants Pvt. Ltd.
Dividend Declaration under Kotak Quarterly Interval Series 9
Kotak Mutual Fund has approved the declaration of dividend under dividend option of Kotak Quarterly Interval Plan Series . The quantum of declaration will be 100 per cent of the distributable surplus as available under the plan(s) on the record date.
The record date is January 5, 2011.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
The record date is January 5, 2011.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
UTI Mutual Fund Declares Dividend
UTI Mutual Fund has approved the declaration of dividend under dividend option of UTI Fixed Income Interval Fund - Series II - Quarterly Interval Plan VII (Retail and Institutional). The quantum of declaration will be 100% of the distributable surplus as available under the plan(s) on the record date.
The record date is January 5, 2011.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
The record date is January 5, 2011.
Source: www.valueresearchonline.com
Thank you,
Minita Aiya
Client Service Associate
DENIP Consultants Pvt. Ltd.
Sensex enters New Year on optimistic note; gains over 3,000 points in 2010
India's robust economic growth and record overseas investments helped the stock market add about Rs 12 trillion to investor wealth, as the BSE benchmark Sensex gained over 3,000 points during 2010. It gained 17 percent in 2010, to be among the best-performing major Asian markets this year.
As the stock market closed on a bullish note on the last day 2010, with a 120.02 point surge in Sensex today, the benchmark index rose by 3044.28 points for the entire year.
In the process, the total investor wealth, measured in terms of cumulative market capitalisation of all listed companies, rose to Rs 72,96,725.14 crore, from Rs 60,79,000 crore at the end of 2009. During the period, the Sensex rose from 17,464.81 points on December 31, 2009 to 20,509.09 points today.
Besides, during the decade ended today, the total investor wealth grew over 10-fold from about Rs 7,00,000 crore at the end of the year 2000. The Sensex registered nearly five-fold rise over the 10-year period.
"The barometer of Indian capital markets Sensex has moved up five fold from 4,000 to 20,000 in this decade and the FII investment, which was Rs 6,200 crores in the year 2,000, has surpassed Rs 1,00,000 crore in 2010.
Market experts said the key driving forces behind the market rally this year, when the stocks rose by an average of over 17 per cent, were impressive FII inflows as also the continuing robustness of domestic economy, which inched closer to the 9 per cent annual growth level.
"In 2009-10, in lieu of the global meltdown Indian market showed better resilience due to stricter banking norms and robust domestic demand. The Indian Markets showed faster recovery and reverted to to GDP growth of closer to 9 per cent in FY10.
The year also saw the Sensex hitting its record closing level of 21004.96 points on Diwali day, November 5. However, the record-breaking bull run continued only till Diwali, and consolidation, marked with bouts of sluggishness, was seen on the bourses in the last two months of 2010.
Source: www.economictimes.indiatimes.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
As the stock market closed on a bullish note on the last day 2010, with a 120.02 point surge in Sensex today, the benchmark index rose by 3044.28 points for the entire year.
In the process, the total investor wealth, measured in terms of cumulative market capitalisation of all listed companies, rose to Rs 72,96,725.14 crore, from Rs 60,79,000 crore at the end of 2009. During the period, the Sensex rose from 17,464.81 points on December 31, 2009 to 20,509.09 points today.
Besides, during the decade ended today, the total investor wealth grew over 10-fold from about Rs 7,00,000 crore at the end of the year 2000. The Sensex registered nearly five-fold rise over the 10-year period.
"The barometer of Indian capital markets Sensex has moved up five fold from 4,000 to 20,000 in this decade and the FII investment, which was Rs 6,200 crores in the year 2,000, has surpassed Rs 1,00,000 crore in 2010.
Market experts said the key driving forces behind the market rally this year, when the stocks rose by an average of over 17 per cent, were impressive FII inflows as also the continuing robustness of domestic economy, which inched closer to the 9 per cent annual growth level.
"In 2009-10, in lieu of the global meltdown Indian market showed better resilience due to stricter banking norms and robust domestic demand. The Indian Markets showed faster recovery and reverted to to GDP growth of closer to 9 per cent in FY10.
The year also saw the Sensex hitting its record closing level of 21004.96 points on Diwali day, November 5. However, the record-breaking bull run continued only till Diwali, and consolidation, marked with bouts of sluggishness, was seen on the bourses in the last two months of 2010.
Source: www.economictimes.indiatimes.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Cos raise $ 16 bn via IPOs/FPOs in 2010
It was the best year for Indian primary market; 65 Indian companies raised more than Rs 71,000 crore (nearly USD 16 billion at Rs 44.7 a dollar) through public offers.
Coal India, NTPC, NMDC, Power Grid and Shipping Corporation were the largest public offers in 2010, which collected more than half of total money.
Jubilant Foodworks was the biggest gainer with 330.76% jump followed by Mandhana Industries, Gravita India, Talwalkars Fitness and Thangamayil, which rallied 99-124%.
* Aqua Logistics issue price has been changed to Rs 22 from Rs 220 a share as it got adjusted for subdivision of shares from Rs 10 to Rs 1.
However, Aster Silicates, Tirupati Inks, Emmbi Polyarns, Commercial Engg and Tarapur Transformers were top losers with 60-69% loss.
The BSE IPO Index fell 4.23% in 2010 to close at 1,950.40 while the BSE Sensex rallied over 17%.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
Coal India, NTPC, NMDC, Power Grid and Shipping Corporation were the largest public offers in 2010, which collected more than half of total money.
Jubilant Foodworks was the biggest gainer with 330.76% jump followed by Mandhana Industries, Gravita India, Talwalkars Fitness and Thangamayil, which rallied 99-124%.
* Aqua Logistics issue price has been changed to Rs 22 from Rs 220 a share as it got adjusted for subdivision of shares from Rs 10 to Rs 1.
However, Aster Silicates, Tirupati Inks, Emmbi Polyarns, Commercial Engg and Tarapur Transformers were top losers with 60-69% loss.
The BSE IPO Index fell 4.23% in 2010 to close at 1,950.40 while the BSE Sensex rallied over 17%.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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