Invest In India » Related Instruments http://investmoneyinindia.com Indian Financial News Resource Mon, 13 Feb 2012 09:05:04 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Sahara Star Value Fund reopens for sale http://investmoneyinindia.com/1969/sahara-star-value-fund-reopens-for-sale http://investmoneyinindia.com/1969/sahara-star-value-fund-reopens-for-sale#comments Mon, 21 Sep 2009 12:12:00 +0000 Tushar Mathur Sahara Mutual Fund has announced the re-opening of its equity scheme “Sahara Star Value Fund” with effect from September 18, 2009. As per the provisons of the scheme, units will be offered for purchase and redemptions on all business days on an ongoing basis. The scheme debuted at Rs 10.1468 per unit as against a face value of Rs 10 per unit on September 17, 2009.

Announcing this, Mr. Naresh Kumar Garg, Chief Executive Officer, Sahara MF mentioned that the equity markets worldwide have started appreciating post early signs of economic revival. The Indian markets to is reflecting the early signs of good economic growth going forward backed by stronger government policies and good industrial production. While stock across sectors have already posted handsome gains, there are still many quality stocks which are attractive picks. Sahara Star Value Fund, which would invest in such quality stocks which hold value on relative parameters. The fund is positioned as a preferred vehicle for investors to participate in the perceived long term value creation.

Sahara Star Value Fund, is an open ended growth scheme with the objective to provide long term capital appreciation by investing predominantly in equity and equity related instruments of select companies based on value parameters.

©2009 Copyright by Invest In India

]]> Sahara Mutual Fund has announced the re-opening of its equity scheme “Sahara Star Value Fund” with effect from September 18, 2009. As per the provisons of the scheme, units will be offered for purchase and redemptions on all business days on an ongoing basis. The scheme debuted at Rs 10.1468 per unit as against a face value of Rs 10 per unit on September 17, 2009.

Announcing this, Mr. Naresh Kumar Garg, Chief Executive Officer, Sahara MF mentioned that the equity markets worldwide have started appreciating post early signs of economic revival. The Indian markets to is reflecting the early signs of good economic growth going forward backed by stronger government policies and good industrial production. While stock across sectors have already posted handsome gains, there are still many quality stocks which are attractive picks. Sahara Star Value Fund, which would invest in such quality stocks which hold value on relative parameters. The fund is positioned as a preferred vehicle for investors to participate in the perceived long term value creation.

Sahara Star Value Fund, is an open ended growth scheme with the objective to provide long term capital appreciation by investing predominantly in equity and equity related instruments of select companies based on value parameters.

©2009 Copyright by Invest In India

]]> http://investmoneyinindia.com/1969/sahara-star-value-fund-reopens-for-sale/feed 0 UTI Mutual Fund launches UTI-Wealth Builder Fund-Series II http://investmoneyinindia.com/373/uti-mutual-fund-launches-uti-wealth-builder-fund-series-ii http://investmoneyinindia.com/373/uti-mutual-fund-launches-uti-wealth-builder-fund-series-ii#comments Thu, 23 Oct 2008 07:37:00 +0000 Tushar Mathur UTI Mutual Fund announces the launch of a unique scheme “UTI Wealth Builder Fund-Series II” which combines the benefits of both equity and gold. The New Fund Offer opens on October 21, 2008 and closes on November 19, 2008.

The scheme will re-open for purchase and redemption not later than 30 days from the closure of the NFO period. (View - New Fund Offers open NOW)

UTI Wealth Builder Fund-Series II is an open ended equity oriented scheme. The investment objective of the Fund is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments alongwith investments in Gold ETFs and Debt and Money Market instruments.

Jaideep Bhattacharya, Chief Marketing Officer, UTI AMC said, “UTI Wealth Builder Fund-Series II is the First of its Kind in the mutual fund industry to offer an asset allocation which combines traditional as well as non traditional asset class i.e. Equity and Gold. It is important to have an alternative asset in one’s portfolio and to build a portfolio around assets that have low correlation. Gold has proved to be “counter cyclical” or low correlated asset class as compared to equity investments and has generally been considered as a safe haven during times of economic upheavals and volatile equity markets."

“Also first time Investors will have the convenience of investing through SIP that will have exposure to Gold ETF” he added.

Harsha Upadhyaya, Fund Manager of the scheme said, “The scheme aims to build and maintain a diversified portfolio of equity stocks that has potential to appreciate in the long run. The scheme will take exposure across capitalisations with a tilt towards large caps and will also use derivatives to hedge and manage volatility. The investment in Gold ETFs will diversify portfolio risk and reduce overall volatility of returns.”

Salient Features of UTI- Wealth Builder Fund-Series II

* Eligible Investors: The plan is open to resident individuals, institutions as well as to NRIs and FIIs.
* New Fund Offer Price: During the NFO, the units will be sold at face value of Rs.10/- plus applicable load.
* Redemption: The scheme will offer redemption of units at NAV based prices on every business day on an on-going basis not later than 30 days from the date of closure of the NFO period.
* Plans: Retail and Institutional Plan
* Options: Growth and Dividend option with payout and reinvestment facilities
* Minimum Application Amount: Retail Plan: Rs.5000/- and in multiples of Rs.1/- thereafter, Institutional Plan: Rs.1 crore and in multiples of Rs.1/- thereafter
* Benchmark Index: BSE 100 for Equity part of the portfolio, CRISIL Bond Fund Index for that part of the portfolio relating to investments in debt and money market instruments and the price of Gold as per SEBI regulations for Gold ETFs
* Waiver of Load for Direct Application: No entry load shall be charged for direct applications received by the AMC
* Load Structure during the NFO period.


©2009 Copyright by Invest In India

]]> UTI Mutual Fund announces the launch of a unique scheme “UTI Wealth Builder Fund-Series II” which combines the benefits of both equity and gold. The New Fund Offer opens on October 21, 2008 and closes on November 19, 2008.

The scheme will re-open for purchase and redemption not later than 30 days from the closure of the NFO period. (View – New Fund Offers open NOW)

UTI Wealth Builder Fund-Series II is an open ended equity oriented scheme. The investment objective of the Fund is to achieve long-term capital appreciation by investing predominantly in a diversified portfolio of equity and equity related instruments alongwith investments in Gold ETFs and Debt and Money Market instruments.

Jaideep Bhattacharya, Chief Marketing Officer, UTI AMC said, “UTI Wealth Builder Fund-Series II is the First of its Kind in the mutual fund industry to offer an asset allocation which combines traditional as well as non traditional asset class i.e. Equity and Gold. It is important to have an alternative asset in one’s portfolio and to build a portfolio around assets that have low correlation. Gold has proved to be “counter cyclical” or low correlated asset class as compared to equity investments and has generally been considered as a safe haven during times of economic upheavals and volatile equity markets.”

“Also first time Investors will have the convenience of investing through SIP that will have exposure to Gold ETF” he added.

Harsha Upadhyaya, Fund Manager of the scheme said, “The scheme aims to build and maintain a diversified portfolio of equity stocks that has potential to appreciate in the long run. The scheme will take exposure across capitalisations with a tilt towards large caps and will also use derivatives to hedge and manage volatility. The investment in Gold ETFs will diversify portfolio risk and reduce overall volatility of returns.”

Salient Features of UTI- Wealth Builder Fund-Series II

* Eligible Investors: The plan is open to resident individuals, institutions as well as to NRIs and FIIs.
* New Fund Offer Price: During the NFO, the units will be sold at face value of Rs.10/- plus applicable load.
* Redemption: The scheme will offer redemption of units at NAV based prices on every business day on an on-going basis not later than 30 days from the date of closure of the NFO period.
* Plans: Retail and Institutional Plan
* Options: Growth and Dividend option with payout and reinvestment facilities
* Minimum Application Amount: Retail Plan: Rs.5000/- and in multiples of Rs.1/- thereafter, Institutional Plan: Rs.1 crore and in multiples of Rs.1/- thereafter
* Benchmark Index: BSE 100 for Equity part of the portfolio, CRISIL Bond Fund Index for that part of the portfolio relating to investments in debt and money market instruments and the price of Gold as per SEBI regulations for Gold ETFs
* Waiver of Load for Direct Application: No entry load shall be charged for direct applications received by the AMC
* Load Structure during the NFO period.





©2009 Copyright by Invest In India

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