The Hindu Business Line : LIC MF launches P/E ratio fund

Birla Mutual has appointed CAMS as their registrar and transfer agent. Investors are requested to send all future communication to Computer Age Management Services, Unit: Birla Mutual Fund, A&B, Lakshmi Bhawan, 609, Anna Salai, Chennai 600 006, or their local office in your area.

Prudential ICICI has allowed switch in requests from all open-ended schemes for investment in Prudential ICICI Blended Plan during the initial public offer period. The offer closes on May 18.

Sahara Mutual Fund is set to launch Sahara Wealth Plus Fund. The scheme would invest in companies, which would turn out to be wealth creators. The scheme will invest 70 per cent in equities and up to 30 per cent in debt and money market. S&P CNX 500 Index will be the benchmark.

Sahara Mutual Fund has also sought approval from SEBI for its Sahara Cash Plus Fund. The scheme would invest in quality debt and money market instruments. Under normal circumstances, money market instruments would account for 70 per cent of net assets.

LIC Mutual Fund is set to launch a fund that would invest based on P/E ratios. The scheme would invest in companies whose P/E ratios is less than that of Sensex or Nifty.

The scheme blends an allocation comprising 65 per cent to equities and equity related instruments, and also in derivatives. The balance 35 per cent of the assets will be invested in those companies whose P/E ratio is more than the index at the time of investment.

Kotak Mahindra Mutual Fund has announced a dividend of Rs. 0.75 per unit in its scheme Kotak Balance. The record date for the dividend is May 16.

Kotak Mahindra has said that there would be no entry or exit load levied for switching from Growth Option to Dividend Option, or vice versa in the Provident Fund and Trust Plan.

BL Research Bureau

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LIC MF launches P/E ratio fund