INVESTOR INTEREST


Moneylife Digital Team 10 August 2010
UTI MF revises exit load under UTI Bond Fund      UTI Mutual Fund has revised the exit load structure under its scheme UTI Bond Fund. As per the revision, scheme will charge an exit load of 1% if the investments are redeemed within 180 days from the date of allotment and 0.75% if redeemed...

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Munira Dongre 10 August 2010
Bond conversion: Where are the 'reports' coming from? Lets first look at the 'conversion' story. Who triggered this rumour? IFCI officials told the media that they had no 'official' word from the government on the issue. Then where were these stories coming from? Even after an extensive...

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Munira Dongre 10 August 2010
Bond conversion: Where are the 'reports' coming from? Lets first look at the 'conversion' story. Who triggered this rumour? IFCI officials told the media that they had no 'official' word from the government on the issue. Then where were these stories coming from? Even after an extensive...

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Andhra Bank rose 6% after the government announced plans to infuse capital in PSU banks to maintain Tier-1 capital ratios Gainers: Credit rating agency, Fitch, upgraded the support rating floor, below which a bank’s rating will not fall, for five State-owned lenders in view of the government’s...

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State Bank of India gained 5% on its plan to raise funds through a dollar-denominated bond issue Gainers: State Bank of India (up 5%) plans to issue a five-year dollar bond. Adani Enterprises (up 5%) raised $850 million in the largest share sale to institutional investors by an Indian company...

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Axis Bank gained 7% after revenue and operating profit were up 12% and 23%, respectively, in the June 2010 quarter Gainers: Axis Bank (up 7%) has posted growth of 12% and 23% in revenue and operating profit, respectively, in the June 2010 quarter over the year-ago period. The net interest...

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Moneylife Digital Team 10 August 2010
Mumbai: The Reserve Bank of India (RBI) on Monday allowed non-banking finance companies (NBFCs) to trade in currency futures, giving them the opportunity to hedge their risks against exchange rate volatilities reports PTI. However, these entities will trade in these instruments only for hedging...

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Ravi Samalad 09 August 2010
Net outflows from equity funds reach a whopping Rs11,560 crore since entry load ban since August 2009, 30% of it in just July itself! Equity funds are witnessing continuous redemptions since the entry load ban in August 2009 but in July it has turned into a massive haemorrhage. A humungous...

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R Balakrishnan on saving  and   investing prudently 09 August 2010
I met an investor who had a list of more than 50 mutual fund schemes that he had invested in. In fact, most AMCs do not have so many schemes! One of the most common investment tenets is to ‘diversify’ one’s investments. The logic is that it helps to mitigate risks associated with individual...

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SEBI is trying to make changes in the much-abused portfolio management schemes. It’s about time Regular readers of Moneylife know that we have done our best to expose dubious portfolio management  services (PMS) over the past year or more. At the end of July 2010, the Securities &...

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SEBI is trying to make changes in the much-abused portfolio management schemes. It’s about time Regular readers of Moneylife know that we have done our best to expose dubious portfolio management  services (PMS) over the past year or more. At the end of July 2010, the Securities &...

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Moneylife Digital Team 09 August 2010
New Delhi: With BlackBerry makers passing on the buck to telecom operators for monitoring its services, the government has called a meeting of service providers this week to discuss the issue, reports PTI. Official sources said while the onus of giving access to security agencies to monitor the...

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Moneylife Digital Team 09 August 2010
Hyderabad: The Insurance Regulatory and Development Authority (IRDA) today said profitability of insurance companies will be impacted with its new guidelines for Unit-Linked Insurance Plans (ULIPs), which invest part of funds in equities. The regulator advised the insurance companies to...

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It is interesting to note that 75% of premium, collected by LIC, is from ULIPs and 25% from non-linked products, but a number of policies sold in the market for small ticket, longer duration is 80% (non-linked) and 20% in ULIPs. Unit Linked Insurance Products (ULIPs), which were the root cause...

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Moneylife Digital Team 09 August 2010
New Delhi: Market regulator Securities and Exchange Board of India (SEBI) today asked mutual fund (MF) houses to give investors the option to cash out when the fund administration fee goes up as a result of new rules, reports PTI. Currently, MFs charge investors a flat fee of 2.25% on the...

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Moneylife Digital Team 09 August 2010
Orchid Chemicals and Pharmaceuticals Ltd has received approval from the US Food and Drug Administration (USFDA) to sell levetiracetam tablets, 1,000 mg in that country. Levetiracetam is used in the treatment of epilepsy. On Monday, Orchid Chemicals shares ended 0.8% up to Rs190 on the Bombay...

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Moneylife Digital Team 09 August 2010
Auto parts and equipment manufacturer EL Forge Ltd said its net loss narrowed to Rs2.7 crore for the 30 June 2010 quarter as compared to Rs4.9 crore a year ago due to robust revenues. During the June 2010 quarter, the Chennai-based company's total revenues increased to Rs17.8 crore from...

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Moneylife Digital Team 09 August 2010
Construction and engineering company Jaihind Projects Ltd said it won an order worth over Rs43.1 crore from Rajkot Municipal Corporation. The order includes construction of sewerage related works for Rajkot underground sewerage project phase II part III, it said in a regulatory filing. On...

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Moneylife Digital Team 09 August 2010
Western India Shipyard Ltd registered net profit of Rs5.8 crore in the first quarter as against the loss of Rs9.7 crore a year ago on higher turnover. The company reported a total turnover of Rs30 crore in the June 2010 quarter compared to Rs10.5 crore in same quarter last year. It has...

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Moneylife Digital Team 09 August 2010
Construction and engineering company Gayatri Projects Ltd said its first quarter net profit rose to Rs15.1 crore from Rs12 crore in the same quarter a year ago. In the June 2010 quarter, the Hyderabad-based company's total revenues increased to Rs342.6 crore from Rs291 crore a year ago. On...

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