The fund has opened for subscription on May 3, 2007 and will close on May 31, 2007.
ABN Amro Asset Management's latest offering ABN Amro Sustainable Development Fund seeks to invest in 'socially responsible companies,' and is the first of its kind in India.
It is a close-ended plan for a period of three years from the date of allotment of units, and will be converted into an open-ended one at the end of this tenure
ELSS, in general, is one of the best options among the instruments eligible for tax benefits under section 80C both in terms of potential to grow as well as tax efficiency of the returns.
This NFO does not offer anything new and investors would be well advised to monitor its performance for 3 years before investing.
Sundaram BNP Paribas Mutual Fund's new fund Sundaram BNP Paribas Equity Multiplier Fund is a closed ended equity scheme with a maturity of 3 years
They give you tax sops on investments and are also exempt from long term capital gains tax.
Sundaram Select Small Cap Fund is one of the few NFOs that offer some unique features to the investors which will be beneficial to them in the long run.
While UTI Capital Protection Oriented Scheme is ideally suited for those investors for whom protecting capital is a top priority.
Mutual funds bought metal, media, telecom, engineering, and pharma stocks in December
At first glance, the numbers show a mixed trend.
The fund offers deduction under Sec. 80C and the minimum lock-in period would be three years as in any other ELSS.
Investment expert Sandeep Shanbhag says, "SBI MF as a fund house has a fairly decent track record and it needn't have resorted to such attention grabbing devices to generate assets under management."
Mutual funds bought FMCG, construction, auto, and IT stocks in November.
Being an ELSS, it offers deduction under Sec. 80C
It is a three year close-ended equity scheme that propagates long-term investing
An open-ended equity scheme that plans to take advantage of the differential pricing between the cash and the future markets.