Sharekhan's top equity mutual fund picks



MUTUAL GAINS

Sharekhan's top equity mutual fund picks

Large-cap funds Mid-cap funds Multi-cap funds
ICICI Prudential Focused Bluechip Equity Fund IDFC Small & Midcap Equity Fund Birla Sun Life Dividend Yield Plus
Franklin India Bluechip HDFC Mid-Cap Opportunities Fund ICICI Prudential Discovery Fund 
Principal Large Cap Fund  DSP BlackRock Small and Midcap Fund Reliance Equity Opportunities Fund
Birla Sun Life Frontline Equity Fund - Plan A IDFC Premier Equity Fund - Plan A HDFC Equity Fund
Birla Sun Life Top 100 Fund Sundaram Select Midcap Mirae Asset India Opportunities Fund 
Tax saving funds Thematic funds Balanced funds
Religare Tax Plan - Growth Birla Sun Life India GenNext Fund HDFC Prudence Fund
HDFC Taxsaver - Growth UTI India Lifestyle Fund  HDFC Balanced Fund 
Fidelity Tax Advantage Fund - Growth DSP BlackRock Natural Resources & New Energy Fund Reliance RSF - Balanced
ICICI Prudential Taxplan - Growth Fidelity India Special Situations Fund  Birla Sun Life 95
Franklin India Taxshield - Growth Kotak Lifestyle Fund  UTI Treasury Advantage Fund

Fund focus

  • Reliance Regular Savings Fund - Balanced Plan
  • HDFC Mid-Cap Opportunities Fund

Click here to read report: Top equity mutual fund picks

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Launch Intimation: ICICI Prudential Fixed Maturity Plan Series 57 3 years plan A

KIM-FMP57-3YearsPlanA.pdf Download this file

 ICICI Prudential FMP Series 57 3 years Plan A with the following features:

 

Tenure 1110 days
NFO Period 24th August to 2nd September 2011
MICR cheques 2nd September 2011 MICR cheques
RTGS and transfer cheques Till end of business day on 2nd September 2011
Switches Till cut off time(specified for switch outs in the source scheme) 2nd September 2011
Tentative Date of Allotment 09/08/11
Date of Maturity 09/26/14
Option to be launched Cumulative and Dividend Payout- Default Sub Option - Cumulative
Entry / Exit Load Nil
Minimum Application Amount Rs.5000 and in multiples of Re.10 thereafter
Liquidity To be listed
Benchmark CRISIL Composite Bond Fund Index.

Please Find the enclosed attachment of the Kim of the Same.



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Launch Intimation: ICICI Prudential Fixed Maturity Plan Series 58 2 year Plan D

KIM-FMP58-2YearsPlanD.pdf Download this file


 ICICI Prudential FMP Series 58 2 year Plan D with the following features:

 

Tenure 745 days
NFO Period 24th August to 02nd September
MICR cheques Till End of business day on 02nd September 2011 MICR cheques
RTGS and transfer cheques Till end of business day on 02nd September
Switches Till cut off time(specified for switch outs in the source scheme) 02nd September
Tentative Date of Allotment 08th September 2011, Friday (Ops to confirm)
Date of Maturity 23rd September 2013
Option to be launched Cumulative and Dividend Payout- Default Sub Option - Cumulative
Entry / Exit Load Nil
Minimum Application Amount Rs.5000 and in multiples of Re.10 thereafter
Liquidity To be listed
Benchmark CRISIL Composite Bond Fund Index.


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Launch intimation: ICICI Prudential Multiple Yield Fund Plan D

ICICI Prudential Multiple Yield Fund Plan D with the following features:

 

Tenure 1100 days
NFO Period 22nd August to 2nd September 2011
MICR cheques 2nd September 2011 MICR cheques
RTGS and transfer cheques Till end of business day on 2nd September 2011
Switches Till cut off time(specified for switch outs in the source scheme) 2nd September 2011
Tentative Date of Allotment 09/08/11
Date of Maturity 09/14/14
Option to be launched Cumulative and Dividend Payout- Default Sub Option - Cumulative
Entry / Exit Load Nil
Minimum Application Amount Rs.5000 and in multiples of Re.10 thereafter
Liquidity To be listed
Benchmark CRISIL Composite MIP Blended Index.

 

Asset Allocation Pattern of the scheme




Type of security Indicative allocation (% of corpus) under normal circumstances Risk Profile
Debt securities & money market instruments 70% to 100% Low to medium
Equity or Equity related Securities 0 – 30% Medium to high

The asset allocation mentioned above is only indicative and the final allocation would be in line with the rating letter issued by the Rating Agency from time to time. The asset allocation would, among other things, be a function of the interest rates prevailing at the time of launch of the plan.




KIM-Multiple Yield_Fund_PlanD.pdf Download this file

Multiple Yield Fund - Product Note Plan D.pdf Download this file

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Launch intimation: ICICI Prudential Multiple Yield Fund Plan D

-


ICICI Prudential Multiple Yield Fund Plan D with the following features:

 

Tenure 1100 days
NFO Period 22nd August to 2nd September 2011
MICR cheques 2nd September 2011 MICR cheques
RTGS and transfer cheques Till end of business day on 2nd September 2011
Switches Till cut off time(specified for switch outs in the source scheme) 2nd September 2011
Tentative Date of Allotment 09/08/11
Date of Maturity 09/14/14
Option to be launched Cumulative and Dividend Payout- Default Sub Option - Cumulative
Entry / Exit Load Nil
Minimum Application Amount Rs.5000 and in multiples of Re.10 thereafter
Liquidity To be listed
Benchmark CRISIL Composite MIP Blended Index.

 

Asset Allocation Pattern of the scheme




Type of security Indicative allocation (% of corpus) under normal circumstances Risk Profile
Debt securities & money market instruments 70% to 100% Low to medium
Equity or Equity related Securities 0 – 30% Medium to high

The asset allocation mentioned above is only indicative and the final allocation would be in line with the rating letter issued by the Rating Agency from time to time. The asset allocation would, among other things, be a function of the interest rates prevailing at the time of launch of the plan.



KIM-Multiple Yield_Fund_PlanD.pdf Download this file

Multiple Yield Fund - Product Note Plan D.pdf Download this file

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Manappuram Finance Ltd - Secured NCD

MANAPPURAM FINANCE  LTD

 

                                 

Manappuram Finance Ltd (MFL), is systemically important non-deposit taking NBFC, concentrated in Southern India, focusing on gold loans to individuals.

Terms of Issue 

Issue opens : 18 August 2011

Issue Closes on : 05 September 2011*

 

Options

I

II

 

Issue Size

Rs 750 Crores

 

Interest Payment

Annual

Semi-annually

 

Minimum Application

Rs.5,000/-

Rs.5,000/-

 

In Multiples of

Rs.1,000/-

Rs.1,000/-

 

Face Value (FV) of NCD (Rs./NCD)

Rs.1,000/-

Rs.1,000/-

 

Category of Investors

Institutional/

Non-Institutional

Individual Investor & HUF

Institutional/

Non-Institutional

Individual Investor & HUF

 

=<5 lakhs

>5 lakhs

=< 5 lakhs

> 5 lakhs

 

Coupon (%) p.a

NA

NA

NA

12.00%

12.20%

12.00%

 

Effective Yield (%)

12.00%

12.00%

12.00%

12.34%

12.56%

12.34%

 

Who can apply

Resident Individual or HUF

 

Listing

BSE

 

Credit Rating

"AA- (stable)" by CARE  and "AA-" by BRICKWORKS

 

Tenor

400 Days from the Deemed Date of Allotment

24 Months

 

Redemption Amount

Rs 1,132.55/- Per NCD

Repayment of the Face value + any interest that may have accrued.

 

Nature of Indebtedness

Pari  Passu with other secured creditors and priority over unsecured creditors

 

*The Company has the option of closing the Issue on an earlier date, once it receives the amount it has targeted.

 

For Applicatio

 

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Tata Fixed Maturity Plan Series 38 Series 38 Scheme A (SID + KIM)

TFMP_Series_38.zip Download this file


 

Please find attached the Scheme Information Document and Key Information Memorandum for Tata Fixed Maturity Plan Series 38 ( 731 days).

 

NFO Open on 17th August 2011

NFO Closing on 29th August 2011

 

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Presentation on recent market events

Market Turmoil Presentation.pdf Download this file


Please find a presentation on recent market events and our view on the same.


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SEBI brings new guidelines to revive the mutual fund industry

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MUTUAL FUND: INDUSTRY UPDATE

SEBI brings new guidelines to revive the mutual fund industry

The Securities and Exchange Board of India (SEBI) in its board meeting held on July 28, 2011 discussed the following plans:

  • A levy of Rs100 per transaction imposed on mutual fund (MF) investments for the existing investors; the new or first-time investors would have to pay extra Rs50 (total Rs150) on an investment above Rs10,000.
  • For systematic investment plans (SIPs), the transaction charges can be recovered in three or four months. However, whether the new SIP transactions of less than Rs10,000 would also attract the one-time fee of Rs150 is not clear yet.
  • Now, AMCs to do the due diligence and regulate distributors such as who have Multiple point presence in more than 20 locations, AUM raised over Rs100 crore across industry in non-institutional category but HNIs etc.
  • The existing mutual funds have been allowed to set up infrastructure debt funds (IDFs). Also, an existing companies in infrastructure financing for a period not less than five years can also set up a mutual fund exclusively for the purpose of launching an IDF scheme.
 

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Shriram City Union Finance Ltd NCD Issue - Opens on 11 August 2011

COMPANY PROFILE:

  • Shriram City Union Finance Ltd (SCUFL) was established in 1986. It is part of the Shriram group that has a strong presence in the country's financial services sector.
  • SCUFL predominantly operates in the retail finance space, with a focus on small business loans, gold loans, two-wheeler financing and consumer durable loans.
  • The company is registered as a deposit-taking NBFC with the Reserve Bank of India since September 4, 2000 under Section 45IA of the Reserve Bank of India Act, 1934.
  • Over the last 25 years, SCUFL has established a pan-India presence with 559 branches and 91 other business outlets as of March 31, 2011, across 17 states in India.
ISSUE SALIENT FEATURES :
  • Issue Period: August 11 to August 27, 2011
  • Issue Size: Rs750 crore
  • NCDs are allotted on First-come-first-serve basis
  • Interest rate range from 11.50% to 12.10% depending on the series applied for (Option I & Option II)
  • Higher interest rates for individuals applying up to Rs. 500,000
  • Credit Ratings of 'AA' by CARE and 'AA-/Stable' by CRISIL
  • NCDs are allotted on demat mode only
  • NCDs have two series of options: 60 months (Put/Call exercisable after 48 months) and 36 months
ISSUE INVESTMENT OPTIONS

Options | ||
Minimum Application Rs 10,000 (10 NCDs) (for all options of NCDs, namely Options I and Option II either taken individually or collectively)
Face Value/Issue Price Rs. 1,000
In Multiples Of Rs. 1,000 (1 NCD)
Frequency of Interest Annual (on April1 every year)
Coupon (%) for NCD Holders in Category I and Category II 11.60% per annum 11.50% per annum
Coupon (%) for NCD Holders in Reserved Individual Portion 12.10% per annum 11.85% per annum
Coupon (%) for NCD Holders in Unreserved Individual Portion 11.85% per annum 11.60% per annum
Put/Call Option Exercisable at the end of 48 months Nil
Tenor/Redemption Date 60 Months* 36 Months
* Subject to the exercise of the put and/or call option



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Launch intimation: ICICI Prudential Multiple Yield Fund Plan C

 ICICI Prudential Multiple Yield Fund Plan C with the following features:

 

Tenure 1100 days
NFO Period 29th July to 12th August 2011
MICR cheques 12th August 2011 MICR cheques
RTGS and transfer cheques Till end of business day on 12th August 2011
Switches Till cut off time(specified for switch outs in the source scheme) 12th August 2011
Tentative Date of Allotment 08/20/11
Date of Maturity 08/25/14
Option to be launched Cumulative and Dividend Payout- Default Sub Option - Cumulative
Entry / Exit Load Nil
Minimum Application Amount Rs.5000 and in multiples of Re.10 thereafter
Liquidity To be listed
Benchmark CRISIL MIP Blended Index.

 

Asset Allocation Pattern of the scheme




Risk Profile

Debt securities & money market instruments 70% to 100% Low to medium
Equity or Equity related Securities 0 – 30% Medium to high


The asset allocation mentioned above is only indicative and the final allocation would be in line with the rating letter issued by the Rating Agency from time to time. The asset allocation would, among other things, be a function of the interest rates prevailing at the time of launch of the plan.



Please find attached the KIM and form of the scheme.


Landline : 0120-6452190



Multiple Yield Fund - Product Note Plan C.pdf Download this file

Multiple Yield Fund KIM-Yield_Fund_PlanC.pdf Download this file

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KVB Offers Exclusive accounts for NRE/FCNR

Mail Received from The Karur Vysya Bank Ltd

International Division


Dear Customer,
 
For your convenience, we have now opened three dedicated accounts with Wells Fargo Bank, exclusively to receive remittances towards all types of Non-Resident Accounts.

 
Currency Account No Bank Swift Code
USD 2000191007059 Wells Fargo Bank, New York PNBPUS33NYC
GBP 07515036 IBAN GB34PNBP16567 107 515036 Wells Fargo Bank, London PNBPGB2L
EUR 07515168 IBAN GB59PNBP16567 107 515168 Wells Fargo Bank, London PNBPGB2L

 
All your NRE/NRO/FCNR remittances can now be conveniently routed through the above accounts. No charges will be deducted by Wells Fargo in respect of these remittances.

 
Please mention the beneficiary’s correct name, account number and branch while making the remittance. In case of any difficulty, you may contact our International Division at mohans@kvbmail.com or id@kvbmail.com
 
 
With Best Regards,
 

The Karur Vysya Bank Ltd

International Division

Ph no : 044 - 28412091, 28412195

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India Infoline Investment Services Ltd NCD Issue - Opens on 04 August 2011

COMPANY PROFILE:

  • India Infoline Investment Services Ltd (IIISL) is a non-deposit taking NBFC incorporated on July 7, 2004 as a private limited company; it was changed into a public limited company on May 15, 2007.
  • The company is a downstream subsidiary of IIFL, with investment in India Infoline Housing Finance (licence received in 2009), Moneyline Credit (an NBFC) and India Infoline Distribution Co. Ltd.
  • The company offers a broad range of lending and other financial products to both corporate and retail clients. These include retail mortgage loan, gold loan, healthcare finance and corporate mortgage loans.
  • As on June 30, 2011, IIFL had presence in over 3,000 business locations including over 450 branches and over 2,500 franchisees, spread across 506 cities in 29 states and union territories in India.
ISSUE'S SALIENT FEATURES :
  • Interest rate range from 11.70% to 11.90% depending on the series applied for
  • Higher interest rates for individuals applying up to Rs 500,000
  • Credit Ratings of 'AA-' by CARE and 'AA-/Stable' by ICRA
  • NCDs are allotted on first-cum-first-serve basis
  • NCDs are allotted on demat mode only
Issue Period: 04 August 2011 to 12 August 2011
Issue Size: Rs 750 crore
Applicant Categories
Category I: Public financial institution, commercial / co-operative / regional rural bank, provident fund, pension fund, superannuation fund and gratuity fund, national investment fund, statutory corporation, venture capital funds registered with SEBI, insurance companies registered with the IRDA and mutual funds
Category II: Companies / corporate bodies / registered societies, public/private charitable/religious trusts, scientific and/or industrial research organisations, partnership firms in the name of the partner and limited liability partnerships
Category III: Resident Indian individual and Hindu undivided families through the karta.

ISSUE INVESTMENT OPTIONS

Options | || |||
Tenure 36 months 40 months 60 months
Frequency of Interest Payment Annually NA Annually
Minimum Application Rs. 5,000 (5 NCDs) (for all options of NCDs, namely Options I, II and III, either taken individually or collectively)
Face Value/Issue Price Rs 1,000 (1 NCD)
In Multiples Of Rs 1,000 (1 NCD)
Mode of Interest Payment/Redemption Through Various options available Not applicable Through Various options available
Coupon (%) for NCD holders in Category I and Category II 11.70% per annum Premium on Redemption @ Rs. 1,446.80 per NCD at the end of 40 months from the deemed date of allotment (Yield: 11.70%) 11.70% per annum
Coupon (%) for NCD holders in the Category III (Unreserved Individual Portion) 11.70% per annum Premium on Redemption @ Rs. 1,446.80 per NCD at the end of 40 months from the deemed date of allotment (Yield: 11.70%) 11.90% per annum
Coupon (%) for NCD holders in the Category III (Reserved Individual Portion) 11.70% per annum Premium on Redemption @ Rs. 1,446.80 per NCD at the end of 40 months from the deemed date of allotment (Yield: 11.70%) 11.90% per annum
Effective Yield (per annum) 11.70% 11.70% For NCD holders in the Reserved and Unreserved Individual Portion - 11.90% For all other NCD holders - 11.70%

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