New fund offers from Mutual funds

Canara Robeco IndiGo Fund - An open-ended Debt Scheme
Investment Objective: To generate income from a portfolio constituted of debt & money market securities along with investments in Gold ETFs. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Investment Strategy: The fund Manager would take cues from global and domestic macro-economic events and Government policy and Central bank actions and would also take cues from seasonal patterns of Gold to decide on asset allocation pattern. The portfolio will be designed in such a manner that a high level of liquidity is maintained by focusing on short to medium term securities, which would also help the fund manager to generate income and investment in Gold can act as a partial hedge against inflation and may help in enhancing the yields of a low duration fixed income portfolio.

Asset Allocation
NFO Period: 19th May 2010 to 10th June 2010
Minimum Investment Amount: Rs 5000

SBI PSU Fund - An Open Ended Equity Scheme
Investment Objective: The objective of the scheme would be to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme through an active management of investments in a diversified basket of equity stocks of domestic Public Sector Undertakings and in debt and money market instruments issued by PSUs and others.

Investment Strategy: The primary strategy of the scheme would be to invest in the stocks of the PSU companies. The scheme would endeavor to identify market opportunities and at the same time would sufficiently diversify its equity portfolio and control liquidity risks and non-systematic risks by selecting well researched stocks which have growth prospects on a long and mid-term basis in order to provide stability and possibility of returns in the scheme.

Asset Allocation
NFO Period: 17th May 2010 to 14-Jun-2010
Minimum Investment: Rs 5000

Birla Sun Life India Reforms Fund - An Open-ended Equity Fund
Investment Objective: The investment objective is to generate growth and capital appreciation by building a portfolio of companies that are expected to benefit from the economic reforms, PSU divestment and increased government spending.

Investment Strategy: The scheme would seek to invest in companies that are expected to benefit from the government reforms program. It will pre-dominantly have a portfolio diversified across sectors with fund manager selecting the stocks on the basis of qualitative and quantitative measures.

Asset Allocation
NFO Period: 10th May 2010 to 9th June 2010
Minimum Investment: Rs 5000

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Mirae Asset Emerging Bluechip Fund - An Open-Ended Equity Scheme
Investment Objective: The scheme seeks to generate income & capital appreciation from a diversified portfolio predominantly investing in Indian equities & equity related securities of cos which are not part of the top 100 stocks by market capitalization & have market capitalization of atleast Rs. 100 Crores at the time of investment. The fund manager may also seek participation in other Indian equity & equity related securities to achieve optimal Portfolio construction.

Asset Allocation
NFO Period: 24th May 2010 to 22nd June 2010
Minimum Investment: Rs 5000

Axis Income Fund
Investment Objective: The Scheme seeks to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation.

Asset Allocation
NFO Period: 24th May 2010 to 16th June 2010
Minimum Investment: Rs 5000

Tata Gilt Mid Term Fund
Investment Objective: The investment objective of the scheme is to provide reasonable returns and high liquidity to the Unit-holders by investing predominantly in Government Securities having residual maturity upto 15 years.

Investment Strategy: The Fund Manager will take an active view of interest rate movement supported by quantitative research, to include various parameters of the Indian economy as well as the development in global market. Investment views/decisions will be based on analysis of macro economic factors to estimate the direction of interest rates and level of liquidity and will be taken on the basis of factors like, prevailing interest rate scenario, Government borrowing programme, level of liquidity in the banking system, inflation level, returns offered relative to alternative investments opportunities, quality of the security/instrument, maturity profile of the instrument, liquidity of the security, any other factors considered relevant in the opinion of the fund manager. The Scheme would aim to generate returns by investing in securities created and issued and/or guaranteed by the central government and/or a state government.

Asset Allocation
NFO Period: 20th May 2010 to 17th June 2010
Minimum Investment: Rs10000