Business Daily from THE HINDU group of publications
Sunday, Jul 26, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, Jul 26, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Investment World
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New Fund Offer Markets - Mutual Funds Kotak Mutual Fund has launched Kotak Select Focus fund, an open-ended equity plan. The fund opened for subscription on July 22 and closes on August 20. The scheme’s investment objective is to generate long-term capital appreciation from a portfolio of equity and equity-related securities, generally focused on a few selected sectors. During the NFO period, the scheme will charge an entry load of 2.25 per cent for amounts less than Rs 5 crore and an exit load of 1 per cent for investment amount less than Rs 5 crore, if the same is redeemed within a year. The scheme is benchmarked against S&P CNX Nifty. Birla Sun Life Asset Management Company has appointed Mr A. Balasubramanian as its new Chief Executive Officer. Mr Balasubramanian is currently the Chief Investment Officer at Birla Sun Life Mutual Fund and will continue to handle this portfolio. Canara Robeco Mutual Fund has launched an open-ended equity scheme, Canara Robeco FORCE fund. This fund seeks to provide long-term capital appreciation by primarily investing in equity and equity-related securities of companies in the finance, retail and entertainment sectors. The NFO, which opened on July 20, closes on August 18. More Stories on : New Fund Offer | Mutual Funds
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