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Franklin Templeton Capital Safety Fund - NFO
Sunday, October 22, 2006

Good news, this diwali we have a new fund offering from Franklin Templeton India - Franklin Templeton Capital Safety Fund. This is India's first capital protected scheme and the fund targets capital preservation according to the new guidelines on capital protection by SEBI.

The fund aims to protect capital by investing in high quality equity and provides safety of capital through debt investments. This fund has AAA (so) rating from Crisil indicating the highest degree of certainty on timely repayment of the units at face value.

Templeton Capital Safety Fund Offer Details : The new fund offer opens on October 31 and closes on November 30. The close-ended fund offers two plans 3 and 5 year plans with Growth and Annual Dividend Plans. Minimum investment for the fund is Rs 10,000.
The fund will invest 70 per cent in debt at any given time in AAA or higher quality paper to protect the capital with the rest being in equity. Compared to HDFC MIP funds which invest around 80% in debt and 20% in equity this has higher returns potential.

Mr Kudva said, "The fund is planning to get listed on the NSE to provide enhanced liquidity as according to SEBI guidelines, these funds cannot be repurchased,"

Please read the offer document and prospectus before investing.


Published by DalalStreet Business @ 12:10 PM



HDFC Mutual Fund SIP Investment Update - Q3
Sunday, October 15, 2006

I have been regularly updating the status of HDFC SIP Investments every quarter.

The markets were at a peak in March and bottomed out in June and are once again at the highest peak in the Indian history of stockmarkets now. I really hope you folks will stick to discplined SIP investments like I do :-)

Here is an update of various HDFC Mutual Fund schemes at the end of Q3-2006.(Sept-2006)
SIP has always outperfored lumpsum investments. Check out for the performance of the following funds which I have been updating since last 6 months.
Report on the performance of the above four funds at end of Q1 and Q2 are made available.
Q1-2006 report is available here.
Q2-2006 report is available here.

Happy Investing!!! Questions and comments can be sent to ichetan AT GMAIL DOT COM


Published by DalalStreet Business @ 3:59 PM



NFO - DSP Merrill Lynch Small and MidCap Fund
Friday, October 06, 2006

New Fund Offering: DSP Merrill Lynch, Small and MidCap Fund.

Investment Pattern: 65% to 100% of the portfolio will be concentrated in equity and equity related instruments that are not part of the top 100 stocks by way of market capitalization. That does not mean that the fund will not invest in the top 100 stocks. But not more than 35 per cent of the total portfolio value.

Fund Manager: Soumendra Nath Lahiri

Min Amount: Rs5,000. SIPs accepted after initial offer

Issue closes on 16-OCT-2006.

DalalStreet.Biz Recommendation: Avoid subscribing in NFO as the markets currently at 12,500 look somewhat over valued to enter.


Published by DalalStreet Business @ 3:48 PM



Dedicated Mutual Funds Section on DalalStreet.Biz
Monday, October 02, 2006

Hello:

Due to increased mutual and foreign fund activity in India, I thought a dedicated Mutual Funds section would help consumers glance on my opinion about various Mutual Funds.

Here are some of the hot posts on mutual funds in India in the recent past.

How to invest with SIP in India ?

Real Estate Mutual Funds - Good and Bad.


Thanks and Enjoy Your Dasara!!!


Published by DalalStreet Business @ 3:53 PM