Ideas on investment, equity market, products and taxation

Monday, September 3, 2007

September 2007 New Fund Offerings

ABN Amro China India Fund - An open-ended equity fund which invests 65%in Indian stocks and 35% in Chinese stocks. Previous successful NFOs: ABN Amro Future Leaders, ABN Amro Opportunities. Scheme closing October 1, 2007. Taxation Rate: same as Equity Funds (not debt).

ICICI Prudential Indo Asia Equity Fund - An open-ended equity fund which invests 65% in Indian Stocks and 35% in Asian Stocks. Previous successful NFOs: Prudential Discovery, Prudential Emerging Star, Prudential Infrastructure, Prudential Services, Prudential Fusion 1 and 2, Prudential Wealth Optimiser. Scheme closing September 21, 2007. Taxation Rate: same as Equity Funds.

Fidelity India Growth Fund - An open-ended equity fund which invests concentrated positions in Indian stocks growing faster than GDP. Previous successful NFOs: Fidelity Equity, Fidelity Special Situations, Fidelity International Opportunities, Fidelity Tax Plan. Scheme closing September 26, 2007.

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