Grindlays
Fixed Saving Scheme |
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- Initial offer opens:
March 22,2001
- Closing Date: March
29,2001
- Nature of Scheme: Close Ended
- AMC: Standard Chartered
- Load: Nil
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- Continuous Offer opens:
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- Sponsor:ANZ Banking Group
Limited
- Trustee: ANZ Trustee Company
Private Limited
- Minimum subscription:Rs.5,000
and in multiples of Rs.1,000.
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Objective of
the present fund: The objective is to seek to achieve growth of capital by investing
in a portfolio of fixed income securities normally maturing in the line with the time
profile of the respective Series\Plans.
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- Grindlays Fixed Saving Scheme is a closed-end Income
scheme and will invest in good quality fixed income and money market securities.
- The scheme is a No Load Scheme.The Initial Issue expenses
of the Scheme are being borne by Standard Chatered Asset Management Company Private
Limited.
- The scheme comprises of five Series.It is proposed to
launch a Series every quater commencing from Quater end March 2001 upto March 2002.Each
Series have one or more Plan(s) of maturities ranging from slightly over a year to less
than two years.Investors will therefore be eligible to claim long term capital gains tax
benefits and Plan(s) which cover two financial years, also avail double indexation
benefits.Each Series/Plans(s) will offer two options-Growth and Dividend.
- Each Series/Plan(s) will provide for liquidity on a
quaterly basis and will announce NAV on a weekly basis.
Strategy of investment |
The corpus of the Scheme
will be invested in high quality debt and money market instuments including securities
issued\guaranteed by Central/State Govts.,Corpoprate debt of both public and private
sector, certificate of deposit,commercial paper,treasury bills,interbank call and term
money ,securitized debt and other permitted debt instruments.
| Some of the Schemes launched by ANZ Grindlays Mutual Fund |
| Grindlays Super
Saver Income Fund (Growth) |
| Grindlays Super
Saver Income Fund (Dividend) |
| Grindlays Super
Saver Income Fund (Half yearly) |
| Grindlays Super Saver Income Fund
(Dividend-Annualy) |
Performance
overview of ANZ Grindlays Mutual Fund |
| Name of the Fund |
NAV
as on 20.03.2001
(Rs.) |
NAV as on
5.2.2001(Rs.) |
NAV as on
1.2.2001 (Rs.) |
NAV as on
29.1.2001 (Rs.) |
NAV as on
25.1.2001 (Rs.) |
| Grindlays Super Saver Income
Fund (Growth) |
10.91 |
10.68 |
10.67 |
10.66 |
10.66 |
| Grindlays Super Saver Income
Fund (Dividend) |
10.28 |
10.37 |
10.36 |
10.35 |
10.35 |
| Grindlays Super Saver Income
Fund (Dividend-Half yearly) |
10.91 |
10.68 |
10.67 |
10.66 |
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| Grindlays Super Saver Income
Fund (Dividend-Annualy) |
10.92 |
10.68 |
10.67 |
10.66 |
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Comparative Analysis of similar other funds |
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| Name of the Fund |
NAV as on 01.03.2001 (Rs.) |
NAV as on 01.02.2001
(Rs.)
|
NAV as on
01.01.2001
(Rs.) |
NAV as on
01.12.2000
(Rs.) |
NAV as on
30.11.2000
(Rs.) |
| Kothari
Pioneer |
10.52 |
10.47 |
10.34 |
10.38 |
10.39 |
| Chola H1 99 |
- |
10.37 |
10.5 |
10.36 |
10.23 |
| PNB RIPS 94 |
8.96 |
9.18 |
8.7 |
8.7 |
8.01 |
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Risk Perception |
| The debt funds have witnessed good returns
since the rate cuts from January 2001.Cut in the interest rates have improved the returns
from debt schemes and hence their mobilizations have also increased.Any further change in
the interest rates could have an impact on the returns of the scheme. As Grindlays Fixed
Saving Scheme would invest its whole corpus in the debt instruments,one can expect good
returns in the long run. |
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