NFO - Axis Midcap Fund

Offer Opens: 31^st January 2011
Offer Closes: 14^th February 2011


Analyst View:


This is the first midcap offering from Axis Mutual Fund which is the asset managing arm of the banking major - Axis Bank.

Dividend declare in UTI Banking Sector Fund:

Scheme Name	Record Date	% Dividend
UTI Banking Sector Fund	03-02-2011	25.00

NIFTY TANKS BELOW 5500; REALTY, CAP GOODS, AUTO CRUMBLE

L&T Mutual Fund sees top-level exits

Visit: http://www.business-standard.com/india/news/lt-mutual-fund-sees-top-level-exits/423206/

RBI hikes repo, reverse repo rates by 25 bps

Reliance Fixed Horizon Fund XVII Series 7 Revised Closing date of NFO will be January 31, 2011 instead of January 27, 2011.

Highest NAV Guarantee Plans !! How do they work?

What do you think when you see the giant ads on your way home, on newspapers, TV channels – all promising you the highest net asset value (NAV) in a unit-linked insurance plan (ULIP)? Most of us would believe that we would get the highest possible return with zero risk. But as you know, nothing comes for free; hence we put all the products that are guaranteeing NAVs under scanner in order to have an opinion.

A Capital Protection Oriented Mutual Fund *

Now a hybrid product with capital protection !! Yes, you read it right. In last few weeks, the Indian MF industry has come up with numerous funds which ‘seek to’ offer capital protection in an industry which has seen the brunt of offering ‘guarantee’ in mutual fund investments. The small asterisk mark you find in these fund’s presentations and brochures does tell a lot about them. Thus, make sure you read the fine print before making an investment. Before you get back to the newspaper to find that advertisement to find those * in them, let me tell you that these funds are ‘capital protection oriented funds’ and not ‘capital protection funds’. Confused?  

Dividend In Equity Funds

Scheme Name	Record Date	% Dividend
IDFC Imperial Equity Fund	25th Jan 2011	20.00
SBI Magnum Equity Fund	28th Jan 2011	35.00

Dividend declare in Equity Schemes:

Scheme Name	Record Date	% Dividend
Canara Robeco Equity Tax Saver Fund	21st Jan 2011	20.00
Edelweiss ELSS Fund	21st Jan 2011	20.00
Franklin India Bluechip Fund	21st Jan 2011	45.00
Religare Tax Plan	20th Jan 2011	20.00

Dividend in Fidelity Fund:

Scheme Name	Record Date	% Dividend
Fidelity Equity Fund	17th Jan 2011	15.00