![]() Financial Daily from THE HINDU group of publications Sunday, Jun 26, 2005 |
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Investment World
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Mutual Funds Markets - Mutual Funds Columns - Fund Watch SBI unveils Magnum Comma Fund
The fund has also declared a dividend on Franklin India Prima fund. The record date is July 13.
The term Comma is an acronym for Commodities in Oil, Metals, Materials and Agriculture. The minimum application amount is Rs 5,000. Both dividend and growth options are available. There is no entry load during the offer period. For investments of less than Rs 5 crore, an exit load of 1-2 per cent will be charged on exit within a year from the scheme's re-opening. For higher amounts, an exit load of one per cent will be charged on exit within three months from the re-opening date. The offer opens on June 30 and July 25.
Reliance Mutual plans to launch Reliance Arbitrage Advantage Fund. The fund seeks to invest in a combination of equity, derivatives, debt and money market instruments. The fund offers three plans, each having growth and dividend options. A draft offer document has been filed with SEBI.
For Plan B, the subscription period will continue to be any business day between the 17th and 22nd day of each calendar month, including June.
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