Personal finance - 8th Sept 2010

Personal finance today
September 08, 2010 03:20 PM


Moneylife Digital Team
Source: http://www.moneylife.in/article/8/8963.html

HDFC Mutual Fund launches HDFC FMP 100D September 2010 (1); SBI Mutual Fund introduces SBI Debt Fund Series-90 Days-34; DSP BlackRock MF announces dividend under DSP BlackRock India Tiger Fund; Birla Sun Life MF announces dividend under two equity schemes; IndiaBulls Housing Finance launches new home loan scheme at 8.5%

HDFC Mutual Fund launches HDFC FMP 100D September 2010 (1)

HDFC Mutual Fund has launched HDFC FMP 100D September 2010 (1), a close-ended debt scheme. The investment objective of the plans under the scheme is to generate income through investments in debt/money market instruments and government securities maturing on or before the maturity date of the respective plan(s). The exit load for the scheme is nil. The scheme offers two options - growth and dividend (payout). The new fund offer (NFO) price is Rs10 per unit. The issue opens on 8 September 2010 and closes on 13 September 2010. Minimum investment amount is Rs5,000. The benchmark index for the scheme is Crisil Liquid Fund Index.  

SBI Mutual Fund introduces SBI Debt Fund Series-90 Days-34

SBI Mutual Fund has introduced SBI Debt Fund Series-90 Days-34, a close-ended debt scheme. The investment objective of the scheme is to provide regular income, liquidity and returns to the investors through investments in a portfolio comprising debt instruments such as government securities, corporate bonds and money market instruments maturing on or before the maturity of the scheme. The new fund offer (NFO) price is Rs10 per unit. The new issue opens on 8 September 2010 and closes on 14 September 2010. Minimum investment amount is Rs5,000. The benchmark index for the scheme is Crisil Liquid Fund Index. The exit load for the scheme is nil. The scheme offers two options - growth and dividend (payout).

DSP BlackRock MF announces dividend under DSP BlackRock India Tiger Fund

DSP BlackRock Mutual Fund has declared dividend under its scheme - DSP BlackRock India Tiger Fund. The quantum of dividend decided for distribution under the scheme is Rs1.25 per unit. The record date for distribution of dividend is 9 September 2010. DSP BlackRock India Tiger Fund is an open-ended diversified equity scheme. The investment objective of the scheme is to generate capital appreciation, from a portfolio that is substantially constituted of equity securities and equity related securities of corporate, which could benefit from structural changes brought about by continuing liberalisation in economic policies by the government and/or from continuing investments in infrastructure, both by the public and private sector.

Birla Sun Life MF announces dividend under two equity schemes  
Birla Sun Life Mutual Fund has declared dividend under two of its schemes, namely Birla Sun Life Buy India Fund and Birla Sun Life New Millennium Fund. The quantum of dividend decided for distribution is Rs1.75 per unit and Rs0.85 per unit respectively on the face value of Rs10 per unit. The record date decided for distribution of dividend is 9 September 2010. Birla Sun Life Buy India Fund and Birla Sun Life New Millennium Fund are open ended equity sector schemes and are benchmarked against BSE 200 and BSE Teck respectively. 
 
 IndiaBulls Housing Finance launches new home loan scheme at 8.5%

IndiaBulls Financial Services Ltd has launched a new home loan scheme for salaried people under which it will offer home loans at 8.5% up to March 2011, followed by 9.5% till 2012. After that, the rates will be floating in nature. The offer is available across 140 cities.