Product Updates

Mutual fund exposure in bank stocks hits a record at Rs 1,05,018 crore Mutual funds ramped up their allocation for bank stocks to a record high of nearly Rs 1,05,018 crore by Sep-end. Fund managers have been raising their allocation to banking since February. Prior to that, they had trimmed exposure to the sector between November and January due to higher bad loans.   In percentage terms, exposure to banking stocks was at 20.82 per cent of equity AUM in Sep . Equity fund managers' deployment in pharma stocks stood at (Rs 38,420 crore) followed by finance (Rs 38,321 crore), software stocks (Rs 38,192 crore) and consumer non-durables (Rs 30,290 crore).   Here is list of Equity Mutual fund's allocation in Different Sectors...!

6th gold bond tranche at discount, less interest The sixth tranche of the sovereign gold bond scheme will open from Monday, at yearly interest of 2.5 per cent, less than the 2.75 per cent of previous tranches. However, the bonds have been offered at a discount. "The issue price will be Rs 50 a gramme less than the nominal value," said the finance ministry. Earlier bond issues were at the nominal closing value of pure gold. The government said the Reserve Bank of India would issue the sixth tranche, the third this financial year, on November 17. Applications will be accepted from October 24 to November 2. "The tenor will be for eight years, with exit option from the fifth year to be exercised on the interest payment dates," it stated. All other conditions remain the same. The minimum permissible investment will be a gramme of gold, while the maximum subscribed by an entity cannot exceed 500g per person in a financial year. In the case of a joint holding, the

             

                                           Product Note on Varun Beverages Limited IPO     Company Varun Beverages Limited Profile Varun Beverages Limited is one of the largest franchisee in the world (outside USA) of carbonated soft drinks ("CSDs") and non-carbonated beverages ("NCBs") sold under trademarks owned by PepsiCo. Company produce and distribute a wide range of CSDs, as well as a large selection of NCBs, including packaged drinking water. PepsiCo CSD brands produced and sold by company include Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Mountain Dew Game Fuel, Seven-Up Nimbooz Masala Soda, Seven-Up Revive and Evervess. PepsiCo NCB brands produced and sold by Company include Tropicana Slice, Tropicana Frutz (Lychee, Apple an

*Why some people have all the Luck ?* By Professor Richard  Wiseman, University of Hertfordshire. Why do some people get all the luck while others never get the breaks they deserve? A psychologist says he has discovered the answer. Ten years ago, I set out to examine luck. I wanted to know why some people are always in the right place at the right time, while others consistently experience ill fortune. I placed advertisements in national newspapers asking for people who felt consistently lucky or unlucky to contact me. Hundreds of extraordinary men & women volunteered for my research & over the years, I have interviewed them, monitored their lives & had them take part in experiments. I carried out a simple experiment to discover whether this was due to differences in their ability to spot such opportunities. I gave both lucky and unlucky people a newspaper, and asked them to look through it & tell me how many photographs were inside. I had secretly placed a

   

*PNB Housing Finance Limited IPO update:* Anchor: 24-Oct-2016 Issue Opens On: *25-Oct-2016* Issue Closes On: *27-Oct-2016* Price Band: *INR 750 - INR 775* Bid Lot: *19 Equity Shares* & in multiple thereafter Discount to Retail Investors: *Nil* Discount to PNB HFC Employee: *INR 75 per share* *Issue Size: INR 3000 Crs* including reservation of 250000 Equity Shares for eligible employees of PNB Hosing Finance Ltd. Face Value: *INR 10 per share* Issue split: *QIB: 50% of Net Issue Size* *HNI: 15% of Net Issue Size* *Retail: 35% of Net Issue Size* *Indicative Timelines post issue closure:* Finalization of Basis of Allotment: *02-Nov-2016* Unblocking of Funds: *03-Nov-2016* Listing on BSE & NSE: *07-Nov-2016*

Recently Submitted Mutual Fund Draft with SEBI     5-Oct-16 IDFC Credit Opportunities Fund 4-Oct-16 Birla Sun Life Resurgent India Fund – Series 3, 4 & 5 23-Sep-16 HSBC Fixed Term Series 128 22-Sep-16 Mahindra Mutual Fund Badhat Yojana 21-Sep-16 ICICI Prudential Capital Protection Oriented Fund – Series XI 20-Sep-16 ICICI Prudential P.H.D Fund   ICICI Prudential PSU Bank iWIN ETF   ICICI Prudential Sensex Index Fund   ICICI Prudential Nifty Low Vol 30 iWIN ETF   LIC Dual Advantage Fixed Term Plan Series 4-6   Tata Twenty Equity Fund   HDFC Dual Advantage Fund - Series IV 16-Sep-16 Axis Fixed Term Plan Series 86-88 15-Sep-16 SBI-ETF Nifty Private Bank   Invesco India FMP - 29 - A to E   DHFL Pramerica Fixed Duration Fund   IDBI Midcap Fund 14-Sep-16 Birla Sun Life Fixed