JM Agri & Infra Fund, is a close-ended equity oriented scheme. The investment objective of the Scheme is to provide long-term growth by investing predominantly in equity / equity related instruments of companies that focus on agriculture and infrastructure development of India.
Mutual Fund Family     JM Financial Asset Management Pvt. Ltd
Fund Class     Equity Diversified
Fund Type     Close-Ended
Investment plan     Growth
Fund Manager     Sandip Sabharwal
Entry Load     0.00 %
Exit Load     0.00 %
Comment     Exit Load - for ongoing redemptions/switch out after three months from the date of allotment, the exit load till maturity of the scheme will be Nil. However, at the time of redemption, the unitholders will be charged the balance proportionate unamortized initial issue expenses applicable to their investments.

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ICICI Prudential Real Estate Securities Fund, is a 3 Years close-ended debt fund. The investment objective of the scheme is to generate income through investments in debt securities maturing in line with the maturity of the Scheme of companies that are in, associated with, or benefiting directly or indirectly from, the real estate sector, and the secondary objective is to generate longterm capital appreciation through investments in equity or equity-related securities of such companies.
Mutual Fund Family     ICICI Prudential Asset Mgmt.Co. Ltd
Fund Class     Debt - Speciality
Fund Type     Close-Ended
Investment plan     Growth
Fund Manager     Chaitanya Pande / Deven Sangoi
Entry Load     0.00 %
Exit Load     3.00 %
Comment     Exit Load: 3% for redemptions made during the repurchase facility period.(i.e.15th day from the end of each calendar quarter)

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Oil and gas, engineering and cement stocks weighed heavy on ICICI Prudential Mutual Fund’s buy list, while it pared exposure to media, banking & financial, information technology in October. The fund re-aligned its holdings in the telecom, auto and utility sectors. NIIT, Gujarat NRE Coke and Indian Hotels were the top buy, while Andhra Bank, Usha Martin and Cairn India were  the fund’s top sell.

A study of equity portfolios of Prudential ICICI mutual fund for October shows that weightage to oil and gas stocks viz, ONGC and Reliance was hiked, while it exited Aban Offshore. It sold Cairn India and HPCL. Engineering stocks Hindustan Dorr-Oliver, Cummins India and Crompton Greaves too were purchased. Havells India was introduced, while HEG, Jyoti and Graphite India were sold. In the cement and construction space IVRCL, Ahluwalia Contracts, Patel Engineering. It introduced  Subhash Projects and Maytas Infra. (View - All Bulk Deals by Mutual Funds)

Media lost sheen in the fund’s portfolio as it sold Deccan Chronicle Holdings and HT Media. However, Zee Entertainment was added to the kitty. Banking anf financial pivotals State Bank of India, Union Bank, Bank Of Baroda and Andhra Bank were sold, Indiabulls Financial was exited.  It introduced Indiabulls Real Estate and SREI Infrastructure Finance and Punjab National Bank bought. IT pivotals Infosys, Subex Azure, Satyam, Mphasis and
HCL Technologies were sold, while it exited Patni Computer. The fund also made fresh investments in NIIT and it bought  Firstsource Solutions and TCS. (Check out - Which sectors are attracting Fund Managers?)

ICICI Pru shuffled its holdings in the IT, banking and auto sectors. In the auto space Ceat, Mahindra and Mahindra and Bajaj Auto were bought. Tata Motors, Maruti Suzuki and Apollo Tyres were its top sells. In the telecom sector, Bharti Airtel, Finolex Cables, Reliance Communications were the top buys, while Sterlite Optical was the top sell. It exited Idea. Fresh investments were made in utility stock Power Grid and bought NTPC and Tata Power. Reliance Energy Gujarat Industries were its top sell.

Among other prominent purchases were Indian Hotels, PTC, Glenmark Pharma, Nicholas Piramal while Jain Irrigation, Electrosteel Castings, ITC, Vivimed Labs, Ranbaxy, United Phosphorous, Mirza Int were the sells. Gujarat NRE Coke, Kaveri Seed, Monnet Ispat, Shree Renuka Sugars, Solectron Centum, Reliance Petroleum, Blue Star, Everyday Ind were introduced. It exited EIH, Lloyd Electric, ICIC Engineering, IPCL, Tamil Nadu Newsprint, Andhra Sugars, Rajshree Sugars.

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Kotak Indo World Infrastructure Fund, is a 3 year closed-ended equity scheme. The investment objective of the scheme is to generate long-term capital appreciation from a portfolio of equity, equity related securities or units ofoverseas mutual funds, which are likely to directly or indirectly contribute to or benefit from the growth in infrastructure in India/across the world.

 Mutual Fund Family      Kotak Mahindra Asset Mgmt Co. Ltd.
Fund Class     Equity Diversified
Fund Type     Close-Ended
Investment plan     Growth
Fund Manager     Krishna Sanghvi / Abhijeet Dey
Entry Load     0.00 %
Exit Load     0.00 %
Comment     Exit Load (During Liquidity Window)- NIL, Unamortised expenses: As per SEBI circular dated April 4, 2006, balance proportionate unamortised issue expenses shall be recovered from exiting Unitholders.

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LIC MF Top 100 Fund, is a Close ended Equity Scheme. The investment objective of the scheme is to provide long term capital appreciation from a portfolio of equity and equity related instruments primarily drawn from the companies in CNX 100 Index.

Mutual Fund Family      Jeevan Bima Sahayog AMC Ltd.
Fund Class     Equity Diversified
Fund Type     Close-Ended
Investment plan     Growth
Fund Manager     Bichitra Mahapatra
Entry Load     0.00 %
Exit Load     0.00 %
Comment     Exit Load: The units will be redeemed only after recovering the balance proportionate unamortized issue expenses redemption before expiry of 36 months from the date of allotment will be subject to recovery of balance proportionate unamortized issue expenses.

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Franklin Asian Equity Fund (FAEF) is an open-end diversified equity fund. The investment objective of the scheme is to seeks to provide medium to long term appreciation through investments primarily in Asian Companies / sectors (excluding Japan) with long term potential across market capitalisation.

Mutual Fund Family      Franklin Templeton Asset Mgmt. (India) Pvt. Ltd.
Fund Class     Equity Diversified
Fund Type     Open-Ended
Investment plan     Dividend
Fund Manager     Sukumar Rajah / Roshi Jain
Entry Load     2.25 %
Exit Load     0.50 %
Comment     Entry load of 2.25% for investments less than Rs 5 cr. Exit Load of 0.50% for investment less than Rs 5 cr if redeemed within 1year of allotment and 1% for investment above Rs 5 cr if redemption within 6 months of allotment.

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UTI – Infrastructure Advantage Fund - Series I, is a three year close-ended equity scheme with an investment objective to provide income stribution and /or medium to long term capital appreciation by investing predominantly in equity / equity related instruments in the companies engaged either directly or indirectly in the infrastructure growth of the Indian economy.

Mutual Fund Family      : UTI Asset Mgmt Company Pvt. Ltd.
Fund Class     : Equity Diversified
Fund Type      : Close-Ended
Investment plan  :    Dividend
Fund Manager     : Sanjay Dongre
Entry Load     0.00 %
Exit Load     0.00 %
An early exit charge equivalent to the unamortized NFO expenses will be recovered from the investor in case of redemption before the expiry of 3 years from the date of allotment.

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Sundaram BNP Paribas Mutual Fund  has declared a dividend of 55% (Rs 5.5 per unit on face value of Rs 10) in its open ended equity Scheme - Sundaram BNP Paribas India Leadership Fund. The objective of the scheme is to achieve capital appreciation by investing in select stocks of companies, which meet criteria of ‘Leaders’ in their respective sectors/subsectors. Check out - Recent MF Dividends)

All investors registered under the dividend option of the scheme as on November 23, 2007 will receive this dividend. Please note that dividend as decided shall be paid, subject to availability of distributable surplus. Pursuant to payment of dividend, the NAV of the schemes would fall to the extent of payout and statutory levy (if applicable).

The AMC had also declared a dividend 65% (Rs 6.5 per unit on face value of Rs 10) under the dividend option of Sundaram BNP Paribas Growth Fund. The record date for the dividend was November 16, 2007.

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Sundaram BNP Paribas Mutual Fund  has declared a dividend of 65% (Rs 6.5 per unit on face value of Rs 10) in its open ended equity scheme - Sundaram BNP Paribas Select Focus Fund. The objective of the scheme is to achieve capital appreciation by investing in a very few select stocks. (Check out - Recent MF Dividends)

All investors registered under the dividend option of the scheme as on November 30, 2007 will receive this dividend. The last dividend declared by the scheme was of 35% in November 2006.

Over the last one year Sundaram BNP Paribas Select Focus Fund has yielded 65% as against 44.42% given by its benchmark S&P CNX Nifty, as on November 26, 2007.

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Sahara Mutual Fund declared dividend under the dividend option of Sahara Infrastructure Fund. The record date for dividend is set as 30 November 2007. The quantum of dividend under the scheme will be Rs. 5.00 per unit i.e. 50 %. The NAV for the scheme as on 26 November 2007 under fixed pricing dividend option was Rs. 18.3407 whereas the NAV for the scheme under variable pricing dividend option was Rs. 18.5464 . Sahara Infrastructure fund is an open-ended equity scheme with an objective to income distribution and or medium to long-term capital gains by investing in equity/ equity related instruments of companies mainly in the infrastructure sector. The scheme carries an entry load of 2.25% for the investment below Rs 1 crore. It charges an exit load of 1.00% if the investment is less than Rs 1 crore and that too redeemed before 3 months.

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