ICICI Prudential MF launches ICICI Prudential FMP - Series 53 - 3 Years Plan A

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan (FMP) - Series 53 - 3 Years Plan A. The scheme in close ended debt fund. The scheme has opened on 5 August 2010 and will close on 18 August 2010. It has two plans-growth and dividend option with payout facility. The scheme will offer units at Rs10 each during the new fund offer (NFO) period. The minimum subscription amount is Rs5,000 and in multiples of Rs10 thereafter. The investment objective is to generate regular returns by investing in a portfolio of fixed income securities/debt instruments which mature on or before the date of maturity of the plans/scheme.

IDFC MF floats IDFC Fixed Maturity Plan - Yearly Series 32

IDFC Mutual Fund has introduced IDFC Fixed Maturity Plan - Yearly Series 32. The scheme is a close ended debt scheme. It has two plans-growth and dividend option offers payout facility. The scheme opens on 10 August 2010 and closes on 12 August 2010. It will offer units at Rs10 each during the new fund offer (NFO) period. The minimum subscription amount is Rs10,000 and in multiples of Rs10 thereafter. The investment objective of the scheme is to generate income by investing in debt and money market instruments maturing on or before the maturity of the scheme.

SBI MF launches SBI Debt Fund Series - 180 Days Fund - 11

SBI Mutual Fund has launched SBI Debt Fund Series - 180 Days Fund - 11. The schemes opens for subscription on 11 August 2010 and close on 12 August 2010. The new fund offer (NFO) price for the scheme is Rs10 per unit. The minimum application amount is Rs5,000 and in multiples of Rs10 thereafter. The scheme offers two options-growth and dividend payout option. Maturity date of the scheme would be 180 Days from the date of allotment of units. The scheme will not charge any entry and exit load. The investment objective of the scheme is to provide regular income, liquidity and returns to the investors by making investment in debt instruments maturing on or before the maturity of the scheme.

DSP BlackRock MF introduces dividend option under DSP BlackRock Micro Cap Fund

DSP BlackRock Mutual Fund has introduced the dividend option under DSP BlackRock Micro Cap Fund from 1 August 2010. The dividend option includes both dividend reinvestment and dividend payout facility under the fund. The minimum investment amount has been revised to Rs5,000 for Regular Plan and Rs1 crore under Institutional Plan and the exit load for the same will be revised to 1% if redeemed before 24 months from the date of allotment.

CRISIL launches 'Star Ratings' for the realty sector
 
CRISIL has launched 'CRISIL Real Estate Star Ratings', its latest offering for the realty sector. CRISIL Real Estate Star Ratings will provide a city specific all round assessment of real-estate projects and help buyers benchmark and identify quality projects within a city. Such ratings will provide a comprehensive evaluation of all project specific risks which could impact the quality of the project: CRISIL Real Estate Star Ratings would thus be different from credit ratings, which comment exclusively on the credit worthiness of the borrowing entity.     

Bank of Baroda to increase BPLR by 20 bps

Bank of Baroda has decided to increase its benchmark prime lending rate (BPLR) by 50 basis points (bps) from existing 12% per annum to 12.5% per annum with effect from 6 August 2010.