• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

SEBI has announced that investors would no longer be allowed early exit from close ended mutual funds and have asked the fund houses to list the close ended funds on the stock exchanges.

Franklin Templeton has announced a dividend of Rs 2.50 per unit under dividend option of Templeton India Growth Fund. The record date is December 11.

Birla Sun Life Tax Relief 96, an equity-linked saving scheme, has launched yearly SIP with critical illness insurance (up to attainment of 55 years).This feature will be available only to individuals (including NRIs) whose age is between 18 and 45 years at the time of first investment. The minimum amount of each instalment is Rs 10,000, to be paid through ECS only.

Following the approval from SEBI for restructuring its AMC business and also the nod for acquiring and rechristening Lotus AMC, Religare has decided in principle to appoint Mr Saurabh Nanavati as CEO for its AMC business.

IDFC Mutual Fund has launched IDFC Tax Advantage Fund (ELSS) an open-ended equity linked saving scheme. The minimum investment would be Rs 500 and multiplies of Rs 500.The scheme will charge an entry load of 2.25 per cent and the NFO offers closes on December 17.

More Stories on : Mutual Funds | New Fund Offer

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, 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