IDFC MF launches IDFC GDP Growth Fund

Fund Name: IDFC India GDP Growth Fund

Fund Offer: 28-January-2009 to 26-February-2009

Objective: IDFC India GDP Growth Fund, is an open ended equity scheme. The investment objectives of the scheme is to seek to generate long-term capital appreciation by investing in equity and equity related instruments. The scheme aims to capture the growth in India\'s Gross Domestic Product (GDP). The scheme would endeavour to represent the growth in GDP by capturing the growth in the constituents of the GDP. The scheme may also invest in debt and money market instruments.

Type: Open-ended equity diversified fund

Entry load: 2.25% for investment of less than Rs. 5 crore.

Exit load: 1.00% if the units are redeemed within 1 year from date of allotment.

Fund manager: Ajay Bodke

Fidelity Wealth Builder

Invest in Fidelity Wealth Builder - NFO and increased diversification through a investment in blend of debt and equity funds.

Fidelity Wealth Builder Fund
Fund Facts
Offer Opens	14th January 2009
Offer Closes	5th February 2009
Scheme Type	An Open Ended Fund of Funds Scheme
Minimum Investment	Rs 5,000/-
Loads	Entry – NIL Exit – 1.00%
Options	Growth ,Dividend – Payout and Reinvestment
Objective	The investment objectives of each Plan under the Scheme are as follows: Plan A: To seek to generate reasonable returns by investing predominantly in the Debt Scheme(s)and around 15% of the net assets of the Plan in the Equity Scheme(s). Plan B: To seek to generate reasonable returns by investing predominantly in the Debt Scheme(s) and around 30% of the net assets of the Plan in the Equity Scheme(s). Plan C: To seek to generate reasonable returns by investing at least 50 % of the net assets of thePlan in the Debt Scheme(s) balanced with generation of long-term capital growth by investing around 50 % of the net assets of the Plan in the Equity Scheme(s).
Fund Manager	Mr. Sameer Kulkarni
Asset Allocation	Plan A : Debt: 70% - 100%, Equity: 0% - 30%, Money market: 0-30% Plan B : Debt: 55% - 85%, Equity: 15-45%, Money market: 0-30% Plan C : Debt: 30-70% , Equity: 30% - 70%, Money market: 0-40%
Returns of Fidelity Fund Managed by same fund manager	Scheme Name NAV 1 Month 3 Months 6 Months 1 Year 2 Years Since Inception Fidelity Cash Fund - Retail 11.75 0.61 2.02 4.25 8.20 8.21 8.21 Fidelity Flexi Gilt Fund 12.09 -1.24 12.28 -- -- -- 20.91 Fidelity Multi Manager Cash 12.47 0.60 1.99 4.30 8.48 8.44 8.18 Fidelity Short Term Income 12.01 0.11 4.59 6.75 9.34 8.98 8.44
Returns of same type of fund	Scheme Name NAV 1 Month 3 Months 6 Months 1 Year 2 Years Since Inception ING OptiMix Asset Allocator Multi Manager FoF Scheme 11.06 -11.18 -10.40 -18.42 -27.65 -4.27 4.40 ING OptiMix Dynamic Multi Manager FoF Scheme 9.80 0.52 1.50 0.70 -21.97 -3.99 -0.87 ING OptiMix Dynamic Multi Manager FoF Scheme - Series II 9.88 0.49 1.65 3.36 -10.79 -- -0.57 ING OptiMix Dynamic Multi Manager FoF Scheme - Series III 8.30 -2.59 -4.39 -15.09 -27.52 -- -11.89 ING OptiMix Dynamic Multi Manager FoF Scheme - Series IV 7.76 -2.64 -4.72 -15.48 -26.25 -- -18.35

Benchmark funds launches first ever Shariah compliant ETF

The market for Shariah funds is set to grow with Benchmark Mutual Fund launching the first-ever Shariah Benchmark Exchange-traded scheme in India. It’s an open-ended listed index scheme.

The scheme will be benchmarked against the S&P CNX Shariah index, an index that was launched by Standard & Poor’s and India Index Services & Products. Each unit is priced at 1/10th of the S&P CNX Nifty.

Name of Fund: Shariah BeES

Type: Open-ended listed index scheme ( ETF )

New Offer period: 04-February-2009 to 25-February-2009

Offer price: Offer for Units of Rs. 10/- per unit for cash at the premium approximately equal to the difference between the face value of Rs. 10/- and 1/10th of the value of S&P CNX Nifty Shariah Index during the New Fund Offer Period and at NAV based prices upon re-opening.

On the Exchange: The units of Shariah BeES would be listed on the Capital Market Segment of the National Stock Exchange of India Ltd. (NSE). On NSE, the units of Shariah BeES can be purchased/sold in minimum lot of 1 unit and in multiples thereof.

Fund Manager: Vishal Jain

Minimum Investment: Rs. 10,000 per application

Bharti Axa launches Bharti Axa Regular Return Fund

Bharti Axa Mutual Fund has launched a new open-ended income fund - 'Bharti Axa Regular Return Fund'.

Offer Period: 28-January-2009 to 24-February-2009.

Fund Re-opens on: 16-March-2009.

Investment Objective: The Scheme seeks to generate regular income through investments in fixed income securities and also to generate long term capital appreciation by investing a portion in equityand equity related instruments.

Minimum Investment: Rs. 10,000

Load Structure: Entry load - 0%. Exit load - 1% if redeemed before 12 months from date of allotment.

Fund Manager: Mr. Sujoy Kumar Das

RBI keeps key rates unchanged

The Reserve Bank of India maintained status quo on interest rates in its third quarter review of the Monetary Policy for 2008-09. The central bank left its repo rate, reverse repo rate and the cash reserve ratio (CRR) unchanged Tuesday.

The bank, however, cut its growth forecast for the fiscal year ending March.

The Reserve Bank of India (RBI) left its lending rate steady at 5.5 percent and its reverse repo rate, at which it absorbs cash from the banking system, unchanged at 4.0 percent.

The RBI also kept the cash reserve ratio, the amount of funds banks have to keep on deposit with it, unchanged at 5.0 percent.

Mirae Asset Launches Gilt Fund

Mirae Asset Management launched a gilt fund yesterday - Mirae Asset Gilt Fund. The NFO period is from 22nd January 2009 to 2nd February 2009. The fund wil re-open for continuous repurchase and sale on or before 9th February 2009. The fund has no entry load. The minimum investment is Rs. 5,000. The fund has been launched with two options - Savings Plan & Investment Plan.

ICICI Pru FMP Series 47 - 15 Months Plan A - extends NFO period

ICICI Prudential AMC has has extended the new fund offer period of "ICICI Prudential FMP Series 47 - 15 Months Plan A "by seven day to January 27, 2009. Accordingly, the New Fund Offer of ICICI Prudential FMP - Series 47 - 15 Months Plan A, was open for initial subscription from January 14, 2009 to January 20, 2009

Taurus Declares Dividend.

Taurus Taxshield has declared 10% dividend. Record date is 23-Jan-09.

Dividend Declared - Franklin

There is a new dividend declared under Franklin India Bluechip fund - 30%. Record date is 21-01-09.

Creation of Bonanza MF Blog

a new blog has been created for MF research