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Birla Mutual Fund has introduced exit load of 2% on Birla Dynamic Bond Fund an open ended income scheme, on redemptions within 180 days from date of allotment to discourage redemption pressure for lesser assets churning. This new load structure will be applicable on all investments made on or after June 4, 2008. The fund […]

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ICICI Prudential asset management company (AMC) has announced changes in the exit load structure of its recently launched open-ended equity diversified scheme, ICICI Prudential Focused Equity Fund. As per the announcement, for investment amount below Rs. 5 crore, the scheme will charge an exit load of 1 per cent if the units under the scheme […]

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Quantum Mutual Fund has announced to launch its second equity offering, Quantum Index Fund. The scheme will be an open-ended exchange traded fund. The principal investment objective of the scheme is to invest in stocks of the companies comprising the S&P CNX Nifty Index and endeavour to achieve return equivalent to S & P CNX […]

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SEBI on Thursday passed its first consent orders in the IPO case. Twelve financiers named by the regulator as involved in the scam coughed up over Rs 71 crore towards disgorgement and penalty to have proceedings against them dropped under consent terms.

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In what could blow up into a major stock market scam, a couple from Mumbai, has allegedly raised close to Rs 100 crore from investors and indulged in circular trading to the tune of close to Rs 10,000 crore over the past year. The couple are now absconding and the role of brokerages is under the […]

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Rahul Mohindar of viratechindia.com is of the view that DLF can see Rs 460-470 level.Mohindar told CNBC-TV18, “On the real estate side too we have been bearish on it, we have been putting outsells on it for some time now. DLF if we look at it particularly, we might see some support around Rs 500 […]

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Rahul Mohindar of viratechindia.com said the markets, at higher levels, are constantly seeing a rapid sell-off. “The kind of fall that we saw in the last one-hour was quite sudden and savage. The resistances are really holding tight in this market. The sentiment still is largely negative. I would say the charts still point to […]

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Amitabh Chakraborty from Religare Securities sees more weakness in the market going forward. According to him, value lies in the midcap sector. For the real estate sector, Chakraborty said, “As it is expected that interest rates will go up and the CRR hike also would probably happen, in that environment real estate cannot do well.” […]

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The markets got off to a volatile start, seesawing wildly. However, selling pressure in late trade dented sentiment further and sent the indices tumbling into the red. The Nifty closed at 4,628 down 49 points, while the Sensex shut shop at 15,572 down 198 points.

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