इन्वेस्ट इन नवे फंड ओफ्फेर्स! डोंट मिस आईटी !

इकोनोमी
In a move to promote the silk industry, the government is likely to continue with sericulture catalytic development programme (CDP) during the 11th Plan. However, the programme would be modified to suit the requirement of the state and the sector. The government also proposes to increase the budgetary allocation under the programme. The modified scheme will be implemented through the Central Silk Board (CSB) in a project mode. Under the programme, government would provide package to states mainly under three sectors -- seed, cocoon and post-cocoon. The textile ministry has asked all the state governments to submit their proposals in this regard at the earliest. It is also likely that the government would double the allocation under the programme to about Rs 400 crore from about Rs 175 crore in the 10th plan period. The scheme is aimed at development and expansion of host plantations, development of farm infrastructure, upgradation of reeling and processing technologies in silk, enterprise development programme and data base development. The government is also mulling the idea of allocating additional funds for the north-east sector under the SDP programme.(B)MUTUAL FUNDSSundaram Energy Opportunities FundInvestment Objective: To seek long term capital appreciation by investing primarily in equity and equity-related instruments of companies in the domestic market that predominantly focus on or benefit from, directly or indirectly, the opportunities and developments in the energy sector.Fund Type: A thematic close-end equity scheme that will convert automatically into an open-end scheme on completion of three years. Offer Price : Rs 10 per unit. Asset Allocation: Equity and equity related instruments in the targeted theme 65-100%; equity and equity related instruments that are outside the theme 0-35%; Treasury Bills, CBLO, Reverse Repo: 0-15% Entry Load: Nil. Exit Load: Nil (redemption at applicable NAV after deducting proportionate unamortized expenses). Minimum application amount: Rs.5000.2) Franklin Asian Equity Fund, NFOThe Indian equity markets have delivered strong returns in recent years. But it should not be of surprise that other global markets have also done well during this period, especially in Asia. The Asia (ex-Japan) region has witnesses strong economic growth with fundamentals improving on various fronts since 1998 crisis and its contribution to world GDP and market capitalization has been on rise. Helped by a combination of strong exports and growing domestic consumption, Asian companies have grown strongly interest expenses have been coming down while return on equity has gone up. In spite of the sharp rally witnessed over the recent years, valuations are attractive, taking into consideration the growth potential. Attracted by the strong economic and earning growth along with the long term prospects, global investors have been increasing exposure to Asia. The new equity fund from Franklin Templeton - Franklin Asian Equity Fund offers a convenient way to access a portfolio of Asian companies with strong potential. The broad fund facts are as follows:TypeOpen end equity fund* with a growth focusNew Fund OfferNovember 19, 2007 - December 18, 2007Scheme Re-opening onJanuary 17, 2008Minimum InvestmentRS.5000 and in multiples of Re.1OptionsGrowth & Dividend (Payout & Reinvestment) & SIPLoad (NFO/Ongoing)Entry: <5>5 Crs: NilExit: <5>5 Crs: 1% (for redemption within 6 months of allotment)3) ICICI Prudential Real Estate Securities FundCapture the Opportunity to Invest in Real EstateNFO Closes on December 14, 2007 ICICI Prudential Real Estate Securities Fund (The scheme will not be directly owning or holding Real estate properties) is a 3-year close ended fund designed to invest in Real Estate Sector and real estate oriented sectors like Cement, Construction, Metals, Hotels, Retail, Banks and Finance Companies etc.The scheme will:Predominantly invest (51% to 100%) in high yielding debt securities issued by companies associated with or benefiting directly or indirectly from the real estate sector.Invest up to 49% in equity of companies engaged in industries that benefit directly or indirectly from the Real Estate Sector or have substantial investments in property, including land holdings. The initial allocation of the fund will typically be 70% in debt instruments and 30% in equity and equity related securities.