Apr 25, 2008

Mutual Funds News 25 Apr 2008

25 Apr 2008 | 11:20 Sahara MF launches new fund

Sahara Mutual Fund will launch Sahara Power and Natural Resources Fund on 28 April 2008. Subscription to the sectoral growth scheme will close on 27 May 2008. the open ended schemes assets will be deployed in equities, and equity related instruments of companies engaged in the business of power generation, transmission, and distribution or principally engaged in discovery, development, production, or processing of natural resources.

25 Apr 2008 | 11:21 SBI MF launches new fund

SBI Mutual Fund will launch a 90-day debt fund under SBI Debt Fund Series on 28 April 2008. Subscription to the offer will remain open for two days until 29 April 2008. the close ended scheme will maintain 100% exposure to AAA/AA+ rated debt instruments, government securities, and money market instruments.

25 Apr 2008 | 17:07 Mutual funds continue buying

Mutual funds (MFs) bought shares worth a net Rs 33.10 crore on Thursday 24 April 2008 compared to their buying of Rs 95.10 crore on Wednesday, 23 April 2008.

MFs net inflow of Rs 33.10 crore on Thursday 24 April 2008 was a result of gross purchases of Rs 882.10 crore and gross sales Rs 849 crore. Sensex gained 23.04 points or 0.14% at 16,721.08 on that day.

MFs were net buyers of shares worth Rs 52.60 crore in this month, till 24 April 2008.