Financial Daily from THE HINDU group of publications
Wednesday, Sep 04, 2002

Port Info

Group Sites

Markets - Mutual Funds

Alliance Mutual frontline fund mops up Rs 100 cr

Our Bureau

MUMBAI, Sept. 3

ALLIANCE Mutual Fund's Frontline Equity Fund (AFEF), an open-ended equity scheme, had received subscriptions of over Rs 100 crore through its initial public offer, which closed on August 30. According to a press release, AFEF will invest in frontline stocks while ensuring that all leading sectors are represented in its portfolio.

The scheme will target sectoral weights of the benchmark BSE-200 on a designated day. The sectoral weights will be computed by aggregating market values of individual stocks sectorwise as a percentage of the total market value of the equity component in the scheme's portfolio.

The scheme will have the flexibility of varying the sectoral weights by +/- 25 per cent in the benchmark on the designated day, or by an absolute figure of +/- 3 per cent, whichever is higher.

The designated day will be 23rd of every month, the release said.

Send this article to Friends by E-Mail

Stories in this Section
Dividend, tax relief for US-64 — Bail-out unlikely to raise Govt borrowing

IDBI-Principal fund targets trusts
Debt or equity... a tough choice indeed!
Alliance Mutual frontline fund mops up Rs 100 cr
Bear domination
Panel for representation of brokers on exchanges — Report moots governance norms
Wimco damp; open offer looks distant
Package talk bails out IFCI
Buy 180 straddle on L&T
Heavyweights come under selling pressure

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line