Abridged Annual Report For
|
|
- Allen Phillips
- 5 years ago
- Views:
Transcription
1 Abridged Annual Report For FRANKLIN TEMPLETON MUTUAL FUND - Templeton India Treasury Management Account Head Office : Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone (West), Mumbai Trustee Report to Investors Dear Templeton India Treasury Management Account Investor, The Directors of the Trustee Company have the pleasure of presenting before you the Sixteenth Annual Report of Franklin Templeton Mutual Fund ( Mutual Fund / FTMF ) for the year Along with the general information on the background/highlights of the Mutual Fund, investor services, significant regulatory changes, etc. the Trustees have specifically provided information on the Scheme. Brief background of Trust, Sponsor, Trustee Company and Asset Management Company: Franklin Templeton Mutual Fund FTMF has been constituted as a Trust on January 4, 1996 in accordance with the provisions of the Indian Trusts Act, 1882 and the Deed of Trust is registered under the Indian Registration Act, FTMF has been sponsored by Templeton International Inc. (liability restricted to the seed corpus of Rs.l lakh) with Franklin Templeton Trustee Services Pvt. Ltd. ( Trustee ) as the Trustee. The Trustee has entered into an Investment Management Agreement dated January 5, 1996 with Franklin Templeton Asset Management (India) Pvt. Ltd. ( AMC ) appointing the AMC as the Investment Manager for all the schemes of FTMF. FTMF is registered with SEBI on February 19, 1996 vide Registration No. MF/026/96/8. Templeton International Inc. Templeton International Inc. is a part of the Franklin Templeton Group, which is one of the largest Investment Management Company with US$683.5 bln (approximately Rs.3,856,478 crore) in assets under management as on May 31, 2012 and around 26 million Shareholder Accounts. Franklin Templeton has offices in over 30 countries including the United States of America, Bahamas, Canada, Argentina, France, Germany, Italy, Luxembourg, Poland, Russia, the United Kingdom, Hong Kong, Singapore, Korea, India, China, Australia and South Africa. Franklin Templeton Trustee Services Pvt. Ltd. Franklin Templeton Trustee Services Pvt. Ltd., a company incorporated under the Companies Act, 1956 and having its Registered Office at Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone (West), Mumbai is the Trustee to FTMF. The Trustee ensures that FTMF and the schemes floated there under are managed by the AMC in accordance with the Trust Deed, the regulations, directions and guidelines issued by SEBI, the stock exchanges and other regulatory agencies. Board of Directors of the Trustee Company: Mr. Gregory E. McGowan*, Executive Vice President, Director and General Counsel for International Development, Templeton Worldwide Inc. Mr. Stephen Dover*, International Chief Investment Officer, Franklin Templeton Investments Mr. Anand J. Vashi, Chartered Accountant Mr. Percy J. Pardiwalla, Advocate Dr. Indu Shahani, Principal - H.R. College of Commerce & Economics * These Directors represent Sponsors of the Trustee Company and are associates of the Sponsor. Franklin Templeton Asset Management (India) Pvt. Ltd. Franklin Templeton Asset Management (India) Pvt. Ltd., a company incorporated under the Companies Act, 1956 and having its Registered Office at Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone (West), Mumbai is the Investment Manager of FTMF. The entire paid up capital of the Investment Manager is held by Franklin Templeton Holding Ltd., Mauritius and its nominees. Franklin Templeton Holding Ltd. is a wholly owned subsidiary of Franklin Templeton Asia Holdings Pte. Ltd., Singapore. Franklin Templeton Asia Holdings Pte. Ltd. is a wholly owned subsidiary of Franklin Templeton Capital Holdings Pte. Ltd., Singapore, which is a wholly owned subsidiary of Templeton International Inc., USA, a wholly owned subsidiary of Templeton Worldwide Inc., USA, which in turn is a wholly owned subsidiary of Franklin Resources Inc., USA. The Investment Manager is approved by SEBI to act as the AMC of FTMF vide letter No.IIMARP/406/96 dated February 19, Board of Directors of the AMC: Mr. Vijay C. Advani*, Executive Vice President, Global Advisory Services, Franklin Resources Inc. Dr. J. Mark Mobius*, Executive Chairman, Templeton Emerging Markets Group Mr. Jed Plafker*, Executive Managing Director, Franklin Templeton International Advisor Services (Alternate Director to Dr. J. Mark Mobius) Mr. Vivek Kudva*, Managing Director, India and CEEMEA (Central and Eastern Europe, Middle East and Africa) Mr. Deepak M. Satwalekar, former Managing Director and CEO, HDFC Standard Life Insurance Co. Ltd. Mr. Navroz Seervai, Advocate Mr. M.B.N. Rao, former Chairman and Managing Director, Canara Bank * These Directors represent Sponsors of the AMC and are associates of the Sponsor. Review of activities of Franklin Templeton Mutual Fund: During the year under review, the Mutual Fund continued to focus on launching meaningful products with investment objectives that are relevant to investors. The Mutual Fund launched Templeton India Corporate Bond Opportunities Fund, an open end debt fund investing in corporate bonds, mobilizing over Rs.250 crore, FT India Feeder - Franklin U.S. Opportunities Fund, a fund of funds scheme investing in the units of Franklin U. S. Opportunities Fund, an overseas fund that invests primarily in U. S. securities, mobilizing over Rs.100 crore and Franklin Templeton Fixed Tenure Fund Series XVI mobilizing over Rs.68 crore. As a part of product rationalization process to make the offerings more meaningful and easy to understand for investors and to reduce product overlap between similar schemes, few schemes / plans were merged during the year. The Liquid Plan of Templeton India Treasury Management Account (TITMA) was merged into Regular Plan of TITMA effective September 4, Franklin FMCG Fund and Franklin Pharma Fund merged into Franklin India Prima Plus effective September 9, Franklin India Index Tax Fund (FITF) merged into Franklin India Index Fund NSE Nifty Plan effective September 9, Page -
2 Scheme performance, future outlook and operations of the Scheme: Templeton India Treasury Management Account (TITMA) is an open end liquid scheme that strives to strike an optimum balance between stable income and high liquidity by investing in a mix of short term debt and money market instruments. As part of our product rationalization exercise, the Liquid Plan of TITMA was merged into the Regular Plan w.e.f. September 4, All the plans of TITMA continue to have a common portfolio. The fund enjoys an A1+mfs credit rating from ICRA this represents the highest credit quality rating and lowest credit risk in the short term The fund s performance since inception and over the last year is summarized below - Last 1 Year Since Inception* TITMA - Retail Plan Growth Option 8.83% 7.15% Crisil Liquid Fund Index (scheme 8.44% N.A. benchmark) 1-year T-Bill (standard benchmark) 6.59% 6.29% TITMA - Institutional Plan Growth Option 9.11% 6.79% Crisil Liquid Fund Index (scheme 8.44% 6.31% benchmark) 1-year T-Bill (standard benchmark) 6.59% 5.11% TITMA - Super Institutional Growth Option 9.49% 7.37% Crisil Liquid Fund Index (scheme 8.44% 6.66% benchmark) 1-year T-Bill (standard benchmark) 6.59% 5.24% TITMA - Liquid Plan 8.00# 6.13@ Crisil Liquid Fund Index (scheme 7.74# 6.19@ benchmark) 1-year T-Bill (standard benchmark) 5.39# 5.01@ * Compounded annualized returns; # Annualized Returns given from March 31, 2011 till the date of Compounded annualized returns since inception till the date of merger. The returns are calculated as on September 2, 2011 instead of September 4, 2011 (date of merger) due to unavailibility of index values. Inception Date: April 29, 1998 (Regular); September 17, 2004 (Liquid); June 22, 2004 (Institutional); September 2, 2005 (Super Institutional) At the end of year the fund s average maturity stood at 0.20 years and yield to maturity was 10.40%. Investor Services: As on 2012, the Mutual Fund served more than 20 lakh active investors through its 34 branches and 105 offices of our collection partners across India. We continued to make progress in leveraging technology and making our processes more efficient with a view to increase the customer and distributor satisfaction. Some of the key initiatives implemented were online SIP registration, SMS for SIP due and renewal, changes in website for instant account statement printing and providing more information on account statements, etc. Further, we continue to work with the Industry on initiatives which have direct impact on investors like common account statements, standard complaint definition and other risk mitigation initiatives. Investor Complaints Report The Investor Complaints Report of FTMF for the year is given in the Annexure to this Report. Significant regulatory changes: During the year under review, the regulatory environment witnessed many changes. In order to enable investors make more informed decisions regarding the quality of securities and risk associated with different close ended debt oriented schemes, Securities and Exchange Board of India ( SEBI ) mandated mutual funds to make certain additional disclosures in SID / SAI / KIM. These include disclosures on credit evaluation policy for investments in debt securities, list of sectors where there would be no investments, type of instruments which the schemes propose to invest, etc. SEBI introduced payment of transaction charges to distributors and disclosure of details of debt and money market securities transacted. During the year under review, SEBI also introduced sending of Industry wide consolidated account statement to investors, dispatch of annual report by and the option to receive allotment and hold units in demat form. SEBI Mutual Fund Regulations were amended during the year under review. The Advertisement Code has been substituted with a new principle based code and additional disclosure requirements prescribed for disclosure of scheme performance. Further, Investment Valuation Norms have been amended to introduce Principles of Fair Valuation. To simplify KYC norms, make it more investor friendly and uniform across all intermediaries, SEBI has prescribed standard formats for KYC across all SEBI registered intermediaries with effect from January 1, Further, to avoid duplication of KYC process with every intermediary, a mechanism for centralization of the KYC records in the securities market has been developed by formulating KYC Registration Agency Regulations, An intermediary shall perform the initial KYC of its clients and upload the details on the system of the KYC Registration Agency ( KRA ). When the client approaches another intermediary, the intermediary can verify and download the client s details from the system of the KRA. The interoperability amongst various KRAs is presently being worked on. Investors are requested to note: Completion of KYC and In-Person Verification (IPV) is mandatory for investments in mutual funds. Investors are advised to complete KYC / IPV formalities with the AMC at the earliest. In case of unitholders whose addresses are available with the Mutual Fund, the abridged annual report would be sent by only. However, unitholders who wish to receive physical copies of the annual report/ abridged report may indicate their option to the Mutual Fund in writing. As a green initiative measure, we request the unitholders to register their address with the Mutual Fund if they have not already done so. Responsibility of the Trustees: The Trustees are the exclusive owner of the Trust fund and holds the same in trust for the benefit of the unitholders. The Trustees have been discharging their duties and carrying out the responsibilities as provided in the Regulations and the Trust Deed. The Trustees seek to ensure that the Mutual Fund and the schemes floated there under are managed by the AMC in accordance with the Trust Deed, the Regulations, directions and guidelines issued by the SEBI, the stock exchanges, the Association of Mutual Funds in India, other regulatory agencies and the Scheme Information Documents of the respective schemes. The Balance Sheet as on 2012, the Revenue Account for the period ended 2012 and the Auditors Report thereon are annexed to this Report. As mentioned in the Auditors Report the accounting policies are in accordance with SEBI (Mutual Funds) Regulations, In view of the fact that the amounts collected under the various schemes are deployed in securities markets, the price and redemption value of the units, and income from them, can go up as well as down with the fluctuations in the market value of its underlying investments. Full Annual Report is available on the website of the Mutual Fund www. franklintempletonindia.com and shall be made available for inspection at its Head Office. Present and prospective investors can request for copies of the SAI/SID of schemes; and copies of the Trust Deed, detailed annual accounts of the schemes and of the AMC upon payment of the prescribed fee. Investment objectives of the Scheme: TITMA is an open end liquid scheme with an objective to provide current income with high liquidity. Page - 2
3 Unclaimed dividends and redemptions of more than 90 days as on March 31, 2012: Unclaimed Dividends Amount (Rs.) No. of Investors Unclaimed Redemptions Amount (Rs.) No. of Investors - - 1, Statutory Information: The Sponsor, Templeton International Inc. is not responsible or liable for any loss resulting from the operation of the schemes of the Mutual Fund beyond its initial contribution of Rs.1 lac for setting up the Mutual Fund, and such other accretions/additions to the same. Acknowledgments: The Trustees wish to place on record their appreciation for the dedication and sincerity of the employees of the AMC. The Trustees thank the Government of India, the Securities and Exchange Board of India, the Reserve Bank of India and the Association of Mutual Funds in India for their ongoing support, co-operation and guidance during the year under review. The Trustees take this opportunity to thank its family of investors for their confidence and wholehearted faith reposed in the Mutual Fund. In addition, the Trustees would also like to thank the Auditors, Custodian, Bankers, Registrar, and all other service providers for their valuable support. We look forward to your continued support and assure you of our commitment to quality products and services from the Mutual Fund. Yours sincerely, for Franklin Templeton Trustee Services Private Limited (Trustee of Franklin Templeton Mutual Fund) Sd/- Gregory McGowan Chairman Date: July 13, 2012 Annexure to the Trustee Report Franklin Templeton Mutual Fund Investor Complaints Report for the Financial Year Total Number of Folios: 20,03,523 Complaint Code Type of Complaint# No. of complaints pending at the beginning of the year (a) No. of Complaints received during the year (b) Within 30 days days Resolved days Action on (a) and (b) Beyond 180 days Non Actionable * 0-3 mths Pending 3-6 mths 6-9 mths 9-12 mths I A Non receipt of Dividend on Units I B Interest on delayed payment of Dividend I C Non receipt of Redemption Proceeds I D Interest on delayed payment of Redemption II A Non receipt of Statement of Account/Unit Certificate II B Discrepancy in Statement of Account II C Non receipt of Annual Report/ Abridged Summary III A Wrong switch between Schemes III B Unauthorized switch between Schemes III C Deviation from Scheme attributes III D Wrong or excess charges/load III E Non updation of changes viz address, PAN, bank details, nomination, etc IV Others Total # including against its authorized persons/ distributors/ employees, etc. *Non actionable means the complaint that are incomplete / outside the scope of the mutual fund Note: Approximately 96% of the complaints have been resolved within 30 days. The time shown above is the average time for resolution of complaints from receipt of initial complaint till eventual closure. Delays could be caused by a variety of factors including the need to receive information from clients, due process followed by banks in cases where payment instruments have been lost and delays due to verification of certain facts received from clients. This Report has been approved by the Board of Franklin Templeton Trustee Services Private Limited at its Meeting held on April 28, Page - 3
4 Report of the Auditors To the Board of Directors of Trustees of FRANKLIN TEMPLETON MUTUAL FUND TEMPLETON INDIA TREASURY MANAGEMENT ACCOUNT: We have examined the abridged balance sheet of FRANKLIN TEMPLETON MUTUAL FUND TEMPLETON INDIA TREASURY MANAGEMENT ACCOUNT (the Scheme ) as at 2012 and the abridged revenue account for the year ended on that date, together with the notes thereon, annexed thereto. The abridged financial statements have been prepared by Franklin Templeton Asset Management (India) Private Limited, the Scheme s asset manager (the AMC ) pursuant to Regulation 56 (1) of Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (the SEBI Regulations ), as per the format prescribed by SEBI circular number SEBI/ IMD/CIR No.8/132968/2008 dated July 24, 2008 and are based on the accounts of the Scheme for the year ended, prepared in accordance with the accounting policies and standards specified in the Ninth Schedule to the SEBI Regulations and covered by our report of even date to the Board of Directors of Trustees of Franklin Templeton Mutual Fund, which report is attached. The abridged financial statements are the responsibility of the AMC. Our responsibility is to express an opinion on these abridged financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the abridged financial statements are free of material misstatements. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the abridged financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall abridged financial statements presentation. We believe that our audit provides a reasonable basis for our opinion. We report that: i. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of our audit; ii. The abridged balance sheet and abridged revenue account, dealt with by this report are in agreement with the books of account; iii. In our opinion, the abridged balance sheet and the abridged revenue account dealt with by this report have been prepared as per the format prescribed by SEBI circular number SEBI/IMD/CIR No. 8/132968/2008 dated July 24, 2008 and are based on the accounts of the Scheme for the year ended, prepared in accordance with the accounting policies and standards specified in the Ninth Schedule to the SEBI Regulations; iv. In our opinion, and on the basis of information and explanations given to us, the methods used to value non traded securities, where applicable, as at 2012, are in accordance with the SEBI Regulations and other guidelines issued by the Securities and Exchange Board of India, as applicable and approved by the Board of Directors of Franklin Templeton Trustee Services Private Limited, and are fair and reasonable; v. In our opinion, and to the best of our information and according to the explanations given to us, the said abridged financial statements give the information required by the SEBI Regulations as applicable and give a true and fair view in conformity with the accounting principles generally accepted in India: a) in the case of the abridged balance sheet, of the state of affairs of the Scheme as at 2012; and b) in the case of the abridged revenue account, of the surplus, for the year ended on that date. For S.R. Batliboi & Co. Firm Registration Number E Chartered Accountants per Shrawan Jalan Partner Membership No.: Mumbai Date: July 13, 2012 Abridged Balance Sheet as at 2012 LIABILITIES As at 2012 Rupees in Lakhs As at Unit Capital 164, , Reserves and Surplus 2.1 Unit Premium Reserve (14,544.78) (18,443.79) 2.2 Unrealised Appreciation Reserve Retained Surplus 67, , Loans and Borrowings 62, Current Liabilities and Provisions 4.1 Current Liabilities , TOTAL 279, , ASSETS 1 Investments 1.2 Unlisted Securities Securitised Debt Securities - 8, Commercial Papers 88, , Certificate of Deposits 185, , Deposits - 48, Other Current Assets 3.1 Cash and Bank Balances CBLO/ Reverse Repo Lending Others 5, , TOTAL 279, , Notes to Accounts - Annexure I Page - 4
5 Abridged Revenue Account for the year ended INCOME 2012 Rupees in Lakhs Interest 36, , Realised Gains / (Losses) on Interscheme sale of investments Realised Gains / (Losses) on External sale / redemption of investments (1,093.60) 1.4 Other Income EXPENSES ( A ) 36, , Management Fees Service Tax on Management Fees Transfer Agents Fees and Expenses Custodian Fees Trusteeship Fees Commission to Agents Marketing and Distribution Expenses Audit Fees Other Operating Expenses , , Expenses Written Back pertaining to previous year (15.89) (1.32) 3 NET REALISED GAINS / (LOSSES) FOR THE YEAR (A -B = C) ( B ) 1, , , , Change in Unrealised Depreciation in value of Investments ( D ) (59.27) NET GAINS / (LOSSES) FOR THE YEAR (C -D = E) 35, , Change in Unrealised Appreciation in the value of Investments ( F ) NET SURPLUS / (DEFICIT) FOR THE YEAR (E + F = G) 35, , Less: Balance Transfer to Unrealised Appreciation Reserve Add / (Less): Equalisation Credit/(Debit) (4,411.49) (12,026.95) 8 Total 30, , Dividend Appropriation 9.1 Income Distributed during the Year (8,320.63) (6,502.52) 9.2 Tax on Income Distributed during the Year (2,613.75) (1,892.32) 10 Retained Surplus / (Deficit) carried forward to Balance sheet 19, , Notes to Accounts - Annexure I Page - 5
6 Key Statistics for the year ended NAV per unit (Rs.): Open: Growth Option 2, , Daily Dividend Option 1, , Weekly Dividend Option 1, , Institutional Growth Option 1, , Institutional Weekly Dividend Option 1, , Institutional Daily Dividend Option 1, , Liquid Growth Option 1, , Liquid Weekly Dividend Option 1, , Liquid Daily Dividend Option 1, , Super Institutional Growth Option 1, , Super Institutional Weekly Dividend Option 1, , Super Institutional Daily Dividend Option 1, , High: Growth Option * 2, Daily Dividend Option * 1, Weekly Dividend Option * 1, Institutional Growth Option * 1, Institutional Weekly Dividend Option * 1, Institutional Daily Dividend Option * 1, Liquid Growth Option 1, , Liquid Weekly Dividend Option 1, , Liquid Daily Dividend Option 1, , Super Institutional Growth Option * 1, Super Institutional Weekly Dividend Option * 1, Super Institutional Daily Dividend Option * 1, Low: Growth Option 2, , Daily Dividend Option 1, , Weekly Dividend Option 1, , Institutional Growth Option 1, , Institutional Weekly Dividend Option 1, , Institutional Daily Dividend Option 1, , Liquid Growth Option 1, , Liquid Weekly Dividend Option 1, , Liquid Daily Dividend Option 1, , Super Institutional Growth Option 1, , Super Institutional Weekly Dividend Option 1, , Super Institutional Daily Dividend Option 1, , End: Growth Option * 2, Daily Dividend Option * 1, Weekly Dividend Option * 1, Institutional Growth Option * 1, Institutional Weekly Dividend Option * 1, Page - 6
7 Key Statistics for the year ended Institutional Daily Dividend Option * 1, Liquid Growth Option - 1, Liquid Weekly Dividend Option - 1, Liquid Daily Dividend Option - 1, Super Institutional Growth Option * 1, Super Institutional Weekly Dividend Option * 1, Super Institutional Daily Dividend Option * 1, Closing Assets Under Management (Rs in Lakhs) End 216, , Average (AAuM)** 391, , Gross income as % of AAuM** ( Gross Income = (A) in Revenue Account): 9.29% 7.23% 4 Expense Ratio: a. Total Expense as % of AAuM** Regular Plan 0.85% 0.85% Liquid Plan % Institutional Plan 0.60% 0.60% Super Institutional Plan 0.24% 0.30% b. Management Fee as % of AAuM** Regular Plan 0.63% 0.54% Liquid Plan % Institutional Plan 0.60% 0.40% Super Institutional Plan 0.24% 0.22% 5 Net Income as a percentage of AAuM** (Net Income = (C) in Revenue Account): 9.01% 6.88% 6 Portfolio turnover ratio: % % 7 Total Dividend per unit distributed during the year (Rs.) : Daily Dividend Plan *** Individuals/HUF Others Weekly Dividend Plan *** Individuals/HUF Others Institutional Daily Dividend Plan *** Individuals/HUF Others Institutional Weekly Dividend Plan *** Individuals/HUF Others Super Institutional Daily Dividend Plan *** Individuals/HUF Others Super Institutional Weekly Dividend Plan *** Individuals/HUF Others Liquid Plan - Daily Dividend *** Individuals/HUF Others Page - 7
8 Key Statistics for the year ended Liquid Plan - Weekly Dividend *** Individuals/HUF Others Returns: a. Last One Year Scheme Growth Plan: 8.83%@ 6.03% Institutional Growth Plan 9.11%@ 6.30% Liquid Growth Plan % Super Institutional Growth Plan 9.49%@ 6.62% Benchmark (CRISIL Liquid Fund Index) 8.44%@ 6.21% Standard Benchmark (1 year T-Bill Index) 6.59%@ 3.86% b. Since Inception Scheme Growth Plan: 7.15%@ 7.02% Institutional Growth Plan 6.79%@ 6.46% Liquid Growth Plan % Super Institutional Growth Plan 7.37%@ 6.99% Benchmark (CRISIL Liquid Fund Index) Standard Benchmark (1 year T-Bill Index) *Represent computed Net Asset Value *** Net of Dividend Distribution tax, if any. RP - Regular Plan, IP - Institutional Plan, LP - Liquid Plan, SIP - Super Institutional Plan **Average Assets Under on last declared Net Asset Value N.A (RP), 6.31%@ (IP), 6.66%@ (SIP) 6.29%@ (RP), 5.11%@ (IP), 5.24%@ (SIP) N.A (RP), 6.00% (IP), 6.08% (LP), 6.34% (SIP) 6.26%(RP), 4.89% (IP), 5.00% (SIP) Notes to Accounts - Annexure I to the Abridged Balance Sheet and Revenue Account for the Rupees in Lakhs Particulars Investments: 1.1 Investments of the Scheme are held in trust by the trustees for the benefits of the Schemes Unitholders. 1.2 Exposure to Derivative Instruments: NIL NIL 1.3 Investments in Associates and Group Companies: NIL NIL 1.4 Securities Borrowed and/or Lend by the scheme: NIL NIL 1.5 Non performing assets (NPA): NIL NIL 1.6 Aggregate Unrealised Gain / Loss as at the end of the Financial Year and percentage to net assets. Listed Securities / Securities Awaited Listing: (Equity linked debentures / Other debentures and bonds / Securitised debt securities) - appreciation depreciation Net Unrealised Gain/Loss as a percentage of Net assets as on March 31 - (0.01) Page - 8
9 Money Market Instruments (Commercial papers / Certificate of deposits) - appreciation depreciation Net Unrealised Gain/Loss as a percentage of Net assets as on March 31 (0.01) (0.04) 1.7 Aggregate Value of Purchase and Sale with Percentage to average assets. Purchases - amount 3,618, ,595, as a percentage of average daily net assets Sales - amount 1,695, ,245, as a percentage of average daily net assets Aggregate value of Non-Traded securities and percentage to Net assets: Equity - - Debt - 8, Money Market Instruments 274, , Total 274, , Percentage of Non Traded securities to Net Assets as on March Details of Transaction with Associates under regulation 25(8) : - Brokerage Paid to Associates/Related Parties/Group companies of Sponsor/AMC - NIL - Commission Paid to Associates/Related Parties/Group companies of Sponsor/AMC Name of Associate/Related Parties/ Group Companies of Sponsor/AMC Nature of Association/ Relation Period Amount (Rs. CR) Business Given# Commission Paid $ % of total business received by the Fund Amount (Rs.) % of Total commission paid by the Fund ITI Capital Markets Limited Associate Company ,090.72* 0.02% Mahindra & Mahindra Financial Services Limited Associate Company Name of Associate/Related Parties/ Group Companies of Sponsor/AMC Nature of Association/ Relation Period Amount (Rs. CR) Business Given# Commission Paid $ % of total business received by the Fund Amount (Rs.) % of Total commission paid by the Fund ITI Capital Markets Limited Associate Company ,320.66* 0.02% Mahindra & Mahindra Financial Services Limited *Commission is paid for the business mobilized prior to April 1, 2010 # Only fresh mobilization received during the period is considered Associate Company % 45, % $ Commission paid details reported includes all types of commission that have been paid during the period Mahindra & Mahindra Financial Services Limited (ceased to be an Associate w.e.f October 08,2010) 3 Large Holdings (over 25% of the NAV of the Scheme) : NIL NIL Page - 9
10 4 Unit Capital movement during the year ended : Units of Rs 1000 each fully paid up Quantity Amount Growth Plan Outstanding, beginning of year 332, , , , Issued during the year 1,930, , , , Redeemed during the year (1,791,027.03) (1,031,756.50) (17,910.27) (10,317.57) Outstanding, end of year 472, , , , Dividend Plan - Weekly Outstanding, beginning of year 327, , , , Issued during the year 831, , , , Redeemed during the year (828,620.00) (1,152,886.95) (8,286.20) (11,528.87) Outstanding, end of year 330, , , , Dividend Plan - Daily Outstanding, beginning of year 287, , , , Issued during the year 1,966, ,997, , , Redeemed during the year (1,902,684.93) (5,126,657.27) (19,026.85) (51,266.57) Outstanding, end of year 351, , , , Liquid - Growth Plan Outstanding, beginning of year 232, , , , Issued during the year 133, ,027, , , Redeemed during the year (366,045.98) (1,065,452.50) (3,660.46) (10,654.52) Outstanding, end of year - 232, , Liquid - Weekly Dividend Plan Outstanding, beginning of year 105, , , , Issued during the year 89, , , Redeemed during the year (194,887.13) (268,115.08) (1,948.87) (2,681.15) Outstanding, end of year - 105, , Liquid - Daily Dividend Plan Outstanding, beginning of year 122, , , Issued during the year 52, , , Redeemed during the year (175,221.92) (321,097.18) (1,752.21) (3,210.97) Outstanding, end of year - 122, , Institutional - Growth Plan Outstanding, beginning of year 112, , , Issued during the year 2,624, ,884, , , Redeemed during the year (2,640,183.43) (1,848,186.32) (26,401.83) (18,481.86) Outstanding, end of year 96, , , Institutional - Weekly Dividend Plan Outstanding, beginning of year 80, , Issued during the year 142, , , , Redeemed during the year (165,578.06) (366,227.75) (1,655.78) (3,662.28) Outstanding, end of year 57, , Institutional - Daily Dividend Plan Outstanding, beginning of year 198, , , Issued during the year 1,790, ,289, , , Redeemed during the year (1,682,933.58) (5,183,800.61) (16,829.34) (51,838.01) Outstanding, end of year 305, , , , Page - 10
11 Super Institutional - Growth Plan Quantity Amount Outstanding, beginning of year 4,191, ,701, , , Issued during the year 613,993, ,768, ,139, ,387, Redeemed during the year (611,361,922.42) (738,278,010.21) (6,113,619.21) (7,382,780.10) Outstanding, end of year 6,823, ,191, , , Super Institutional - Weekly Dividend Plan Outstanding, beginning of year 3,352, ,163, , , Issued during the year 4,266, ,203, , , Redeemed during the year (4,091,003.45) (14,015,039.91) (40,910.02) (140,150.40) Outstanding, end of year 3,527, ,352, , , Super Institutional - Daily Dividend Plan Outstanding, beginning of year 2,397, ,023, , , Issued during the year 220,377, ,467, ,203, ,444, Redeemed during the year (218,292,976.44) (343,093,513.59) (2,182,929.75) (3,430,935.14) Outstanding, end of year 4,481, ,397, , , Prior year figures have been reclassified, wherever applicable, to conform to current years presentation. 6 Contingent Liability NIL NIL 7 In case where the Surplus / (Deficit) for the period (after adjustment of income equalisation) is lower than the amount of distributed income (including tax on income distributed), the income has been distributed by the Scheme to its unitholders out of the distributable surplus available with the Scheme, which consists of the Surplus / (Deficit) for the period (after adjustment of income equalisation) and the retained earnings / accumulated reserves of earlier period(s). 8 Merger of Templeton India Treasury Management Account Liquid Plan (the Transferor Plan ) into Templeton India Treasury Management Account Regular Plan (the Transferee Plan ) respectively. The merger was approved by the board of directors of the trustee and the AMC vide circular resolution passed on February 01, SEBI has accorded its no objection for the merger; vide its letter dated May 20, The investment objective, asset allocation pattern, annual recurring expenses and all other provisions as contained in the Scheme Information Document of Transferee Plan remains unchanged post the merger. As required by the SEBI Regulations, the AMC had sent letters to unit-holders of both the plans seeking their approval for the merger with an option to redeem their units at the prevailing NAV at their discretion. The Unit holders who consented to the merger were allotted Units in Templeton India Treasury Management Account Regular Plan based on September 04, 2011 closing NAV of Templeton India Treasury Management Account Regular Plan respectively. 9 Templeton India Treasury Management Account has entered into a Credit Line arrangement for the purpose of meeting the requirements of the redemption from the unit-holders. As per the terms of the agreement entered with the banks, the borrowing has been secured by a floating charge on rated Public sector bonds, Corporate bonds and Certificate of deposits held by the respective Scheme making the borrowing. The borrowings made by the Scheme were within the limits permissible under the SEBI Regulations, as on the date of the borrowings, the details of which are as given below: Name of the Scheme Date of borrowing Amount borrowed (Rs. Cr) Amount borrowed as a % of Net Assets on the date of borrowing Date of Repayment Interest on borrowing borne by the Fund adjusted from interest income (Rs. Cr) Templeton India Treasury Management Account % April 5, Templeton India Treasury Management Account September 28, % October 3, Templeton India Treasury Management Account March 30, % April 3, Templeton India Treasury Management Account January 27, % January 30, Templeton India Treasury Management Account January 20, % January 23, Templeton India Treasury Management Account December 30, % January 2, The cost of the borrowing has been shared between the Scheme and the AMC in such a manner that the residual investors of the scheme do not suffer at the cost of the redeeming investors. The borrowing cost to the extent of gross portfolio yield has been borne by the scheme and has been adjusted against interest income. 10 Expenses other than management fee is inclusive of service tax where applicable. Proxy Voting: The general voting policies and procedures of Franklin Templeton Asset Management (India) Private Limited for the Schemes of Franklin Templeton Mutual Fund and the actual exercise of votes in the general meetings of investee companies for financial year have been disclosed on and in full Annual Report for financial year Page - 11
12 Book -Post If undelivered, please return to : FRANKLIN TEMPLETON ASSET MANAGEMENT (INDIA) PVT. LTD. C/o. Bhavish Graphics, Old No. 38, New No. 6, McNichols Road, Chetput, Chennai The contents of this document are only for informative purposes and are not to be used or considered to be an offer to sell or buy units of Franklin Templeton Mutual Fund schemes. Risk Factors: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAV of the scheme may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds managed by the Franklin Templeton Group and its affiliates is not necessarily indicative of future performance of the scheme. The Mutual Fund is not guaranteeing or assuring any dividend under the scheme and the same is subject to the availability and adequacy of distributable surplus. The Mutual Fund is also not assuring that it will make any dividend distributions under the dividend plan of the scheme though it has every intention of doing so and payment of dividend is at the sole discretion of Trustees. The investments made by the scheme are subject to external risks. Page - 12
Abridged Annual Report For
Abridged Annual Report For 2011-2012 FRANKLIN TEMPLETON MUTUAL FUND - Templeton India Income Fund Head Office : Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone
More informationAbridged Annual Report For
Abridged Annual Report For 2011-2012 FRANKLIN TEMPLETON MUTUAL FUND - Templeton India Ultra Short Bond Fund Head Office : Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone
More informationAbridged Annual Report For
Abridged Annual Report For 2009-2010 FRANKLIN TEMPLETON MUTUAL FUND - Templeton India Pension Plan Head Office : Level - 4, Wockhardt Towers, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Trustee
More informationAbridged Annual Report For
Abridged Annual Report For 2013-2014 FRANKLIN TEMPLETON MUTUAL FUND - Franklin India Bluechip Fund Head Office : Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone
More informationAbridged Annual Report For
Abridged Annual Report For 2013-2014 FRANKLIN TEMPLETON MUTUAL FUND - Franklin Templeton Fixed Tenure Fund Series XV Head Office : Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat
More informationAbridged Annual Report For
Abridged Annual Report For 2014-2015 FRANKLIN TEMPLETON MUTUAL FUND - Franklin India Fixed Tenure Fund - Series XVII (formerly known as Franklin Templeton Fixed Tenure Fund - Series XVII) Head Office :
More informationAUDITORS REPORT. To the Board of Directors of Trustees of FRANKLIN TEMPLETON MUTUAL FUND TEMPLETON INDIA TREASURY MANAGEMENT ACCOUNT
AUDITORS REPORT To the Board of Directors of Trustees of FRANKLIN TEMPLETON MUTUAL FUND TEMPLETON INDIA TREASURY MANAGEMENT ACCOUNT 1. We have audited the attached balance sheet of FRANKLIN TEMPLETON MUTUAL
More informationConsolidated Auditors Report
Consolidated Auditors Report To the Board of Directors of Trustees of Franklin Templeton Mutual Fund 1. We have audited the attached balance sheets of the below-mentioned Schemes of Franklin Templeton
More informationAUDITORS REPORT. To the Board of Directors of Trustees of FRANKLIN TEMPLETON MUTUAL FUND FRANKLIN TEMPLETON FIXED TENURE FUND SERIES X - PLAN B
AUDITORS REPORT To the Board of s of Trustees of FRANKLIN TEMPLETON MUTUAL FUND SERIES X PLAN B 1. We have audited the attached balance sheet of FRANKLIN TEMPLETON MUTUAL FUND SERIES X PLAN B (the Scheme
More informationAbridged Annual Report For
Abridged Annual Report For 2017-2018 FRANKLIN TEMPLETON MUTUAL FUND - Templeton India Equity Income Fund Head Office : Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT To the Trustees of Franklin Templeton Mutual Fund Report on the Financial Statements We have audited the accompanying financial statements of Franklin India FeederFranklin
More informationDeutsche Mutual Fund DWS Debt Schemes Abridged Annual Report
Deutsche Mutual Fund DWS Debt Schemes Abridged Annual Report 2009-2010 Sponsors / Co-Sponsors Deutsche Asset Management (Asia) Limited Registered Office : One Raffles Quay, #17-00, South Tower, Singapore
More informationBaroda Pioneer Equity Trigger Fund - Series 1 A Close Ended Equity Scheme
2014-2015 Baroda Pioneer Equity Trigger Fund - Series 1 A Close Ended Equity Scheme ABRIDGED ANNUAL REPORT 2014-2015 REPORT OF THE BOARD OF DIRECTORS OF BARODA PIONEER TRUSTEE COMPANY PRIVATE LTD. TO
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT To the Trustees of Franklin Templeton Mutual Fund Report on the Financial Statements We have audited the accompanying financial statements of the Franklin India Feeder Franklin
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT To the Trustees of Franklin Templeton Mutual Fund Report on the Financial Statements We have audited the accompanying financial statements of Franklin India Treasury Management
More informationReliance Gold Savings Fund An Open ended Fund of Fund Scheme
Reliance Capital Asset Management Limited A Reliance Capital Company 12th floor, One Indiabulls Centre, Tower 1, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Abridged
More informationDeutsche Mutual Fund
Deutsche Asset & Wealth Management Deutsche Mutual Fund Term Fund Abridged Annual Report 2012-2013 Sponsors / Co-Sponsors Deutsche Asset Management (Asia) Limited Registered Office : One Raffles Quay,
More informationReliance Tax Saver (ELSS) Fund An Open-ended Equity Linked Savings Scheme
Reliance Capital Asset Management Limited A Reliance Capital Company 12th floor, One Indiabulls Centre, Tower 1, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Abridged
More informationReliance Diversified Power Sector Fund
Reliance Capital Asset Management Limited A Reliance Capital Company 12th floor, One Indiabulls Centre, Tower 1, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Abridged
More informationINDEPENDENT AUDITOR S REPORT. To the Trustees of FRANKLIN TEMPLETON MUTUAL FUND - TEMPLETON INDIA EQUITY INCOME FUND
INDEPENDENT AUDITOR S REPORT To the Trustees of FRANKLIN TEMPLETON MUTUAL FUND TEMPLETON INDIA EQUITY INCOME FUND Report on the Financial Statements We have audited the accompanying financial statements
More informationINDEPENDENT AUDITOR S REPORT. To the Trustees of FRANKLIN TEMPLETON MUTUAL FUND- FRANKLIN INDIA BLUECHIP FUND
INDEPENDENT AUDITOR S REPORT To the Trustees of FRANKLIN TEMPLETON MUTUAL FUND FRANKLIN INDIA BLUECHIP FUND Report on the Financial Statements We have audited the accompanying financial statements of FRANKLIN
More informationIDFC Cash Fund (IDFC CF) IDFC Ultra Short Term Fund (IDFC USTF) IDFC Money Manager Fund - Treasury Plan (IDFC MMF - TP)
IDFC Cash Fund (IDFC CF) IDFC Ultra Short Term Fund (IDFC USTF) IDFC Money Manager Fund - Treasury Plan (IDFC MMF - TP) IDFC Money Manager Fund - Investment Plan (IDFC MMF - IP) IDFC Banking Debt Fund
More informationABRIDGED ANNUAL REPORT
ABRIDGED ANNUAL REPORT 2017-18 IDFC Fixed Term Plan - Series 92 (IDFC FTP - Series 92) IDFC Fixed Term Plan - Series 93 (IDFC FTP - Series 93) IDFC Fixed Term Plan - Series 97 (IDFC FTP - Series 97) IDFC
More informationReliance Vision Fund An open-ended Equity Growth Scheme
Reliance Capital Asset Management Limited A Reliance Capital Company 12th floor, One Indiabulls Centre, Tower 1, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Abridged
More informationABRIDGED ANNUAL REPORT
ABRIDGED ANNUAL REPORT 2017-18 IDFC Fixed Term Plan - Series 27 (IDFC FTP - Series 27) IDFC Fixed Term Plan - Series 85 (IDFC FTP - Series 85) IDFC Fixed Term Plan - Series 89 (IDFC FTP - Series 89) IDFC
More informationIDFC Fixed Maturity Plan Days Series 71 (IDFC-FMP-366-DS-71) IDFC Fixed Maturity Plan Days Series 72 (IDFC-FMP-366-DS-72)
IDFC Fixed Maturity Plan - 366 Days Series 72 (IDFC-FMP-366-DS-72) IDFC Fixed Maturity Plan - 366 Days Series 73 (IDFC-FMP-366-DS-73) IDFC Fixed Maturity Plan - 366 Days Series 74 (IDFC-FMP-366-DS-74)
More informationThe Directors of IDFC AMC Trustee Company Limited hereby present the Ninth Annual Report of IDFC Mutual Fund for the year ended March 31, 2009.
THE TRUSTEE REPORT COVERS FOLLOWING SCHEMES. 1) IDFC Fixed Maturity Plan Quarterly Series 34 (IDFC-FMP-QS34) 2) IDFC Fixed Maturity Plan Quarterly Series 35 (IDFC-FMP-QS35) 3) IDFC Fixed Maturity Plan
More informationIDFC Fixed Maturity Plan - 2 Year Series 1 (IDFC FMP 2YS1) IDFC Fixed Maturity Plan - 2 Year Series 2 (IDFC FMP 2YS2)
IDFC Fixed Maturity Plan - 2 Year Series 1 (IDFC FMP 2YS1) IDFC Fixed Maturity Plan - 2 Year Series 2 (IDFC FMP 2YS2) IDFC Fixed Term Plan Series - 12 (IDFC FTP S12) IDFC Fixed Term Plan Series - 13 (IDFC
More informationDeutsche Mutual Fund
Asset & Wealth Management Mutual Equity Schemes Abridged Annual Report 2014-2015 Sponsors / Co-Sponsors Asset Management (Asia) Limited Registered Office : One Raffles Quay, #17-00, South Tower, Singapore
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT To the Trustees of Franklin Templeton Mutual Fund Report on the Financial Statements We have audited the accompanying financial statements of Franklin India Cash Management
More informationIDFC Equity Fund (IDFC EF) IDFC Sterling Equity Fund (IDFC SEF) IDFC Arbitrage Fund (IDFC AF) IDFC Arbitrage Plus Fund (IDFC APF)
IDFC Equity Fund (IDFC EF) IDFC Sterling Equity Fund (IDFC SEF) IDFC Arbitrage Fund (IDFC AF) IDFC Arbitrage Plus Fund (IDFC APF) IDFC Nifty Fund (IDFC NF) IDFC Dynamic Equity Fund (IDFC DEF) ABRIDGED
More informationThe Directors of IDFC AMC Trustee Company Limited hereby present the Ninth Annual Report of IDFC Mutual Fund for the year ended March 31, 2009.
THE TRUSTEE REPORT COVERS FOLLOWING SCHEMES. 1) Standard Chartered Fixed Maturity Plan Quarterly Series 25 (SCFMP-QS25) 2) Standard Chartered Fixed Maturity Plan Quarterly Series 26 (SCFMP-QS26) 3) IDFC
More informationDeutsche Mutual Fund
Asset & Wealth Management Mutual Fund DWS Close Ended Funds and Interval Fund Abridged Annual Report 2014-2015 Sponsors / Co-Sponsors Asset Management (Asia) Limited Registered Office : One Raffles Quay,
More informationReliance ETF Liquid BeES An Open Ended Liquid Scheme (formerly known as R*Shares Liquid BeES)
Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) A Reliance Capital Company Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz
More informationReport of the Trustee Auditors' Report Abridged Audited Balance Sheet Abridged Audited Revenue Account... 20
Contents Report of the Trustee... 2 Auditors' Report... 5 Abridged Audited Balance Sheet... 8 Abridged Audited Revenue Account... 20 Notes to the Financial Statements... 32 Statement of Portfolio Holding...
More informationDeutsche Mutual Fund
Deutsche Asset & Wealth Management Deutsche Mutual Fund DWS Equity Schemes Abridged Annual Report 2013-2014 Sponsors / Co-Sponsors Deutsche Asset Management (Asia) Limited Registered Office : One Raffles
More informationReliance Diversified Power Sector Fund
Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) A Reliance Capital Company Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz
More informationAnnual Report
Trustee Report Annual Report 2010-2011 1 H E R E S O N E M O R E R E A S O N TO R E L A X. A X I S TA X S A V E R F U N D I S N O. 1 *. *Based on 1 year returns (as on 30 June 2011) under the tax planning
More informationAbridged Annual Report
Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz (East), Mumbai - 400 055. RELIANCE ETF NIFTY 100 formerly R*Shares CNX 100 ETF (An Open Ended Index Exchange Traded Fund) RELIANCE
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT To the Trustees of Franklin Templeton Mutual Fund Report on the Financial Statements We have audited the accompanying financial statements of the Franklin India High Growth
More informationJM FINANCIAL MUTUAL FUND
Abridged ANNUAL REPORT 2011-2012 Fund JM Floater Fund - Long Term JM Floater Fund - Short Term JM MIP Fund JM Interval Fund JM Income Fund JM Short Term Fund JM G-sec Fund JM Fixed Maturity Fund JM Financial
More informationIDFC Enterprise Equity Fund (IDFC EEF) IDFC Small & Mid Cap Equity Fund (IDFC SMEF) IDFC Arbitrage Fund (IDFC AF) IDFC Arbitrage Plus Fund (IDFC APF)
IDFC Enterprise Equity Fund (IDFC EEF) IDFC Small & Mid Cap Equity Fund (IDFC SMEF) IDFC Arbitrage Fund (IDFC AF) IDFC Arbitrage Plus Fund (IDFC APF) IDFC Tax Saver Elss Fund [IDFC TS (ELSS) F] TRUSTEE
More informationINDEPENDENT AUDITOR S REPORT
INDEPENDENT AUDITOR S REPORT To the Trustees of Franklin Templeton Mutual Fund Report on the Financial Statements We have audited the accompanying financial statements of Franklin India Bluechip Fund,
More informationAuditors Report. To the Board of Directors of Trustees of Franklin Templeton Mutual Fund
Auditors Report To the Board of Directors of Trustees of Franklin Templeton Mutual Fund 1. We have audited the attached balance sheets of the belowmentioned Schemes of Franklin Templeton Mutual Fund (the
More informationIDFC Classic Equity Fund (IDFC-CEF) IDFC Premier Equity Fund (IDFC-PEF) IDFC Imperial Equity Fund (IDFC-IEF) IDFC Tax Advantage (ELSS) Fund (IDFC-TAF)
IDFC Premier Equity Fund (IDFC-PEF) IDFC Imperial Equity Fund (IDFC-IEF) IDFC Tax Advantage (ELSS) Fund (IDFC-TAF) IDFC Strategic Sector (50-50) Equity Fund (IDFC-SS (50-50) EF) IDFC India GDP Growth Fund
More informationReliance Diversified Power Sector Fund An Open-ended Power Sector Scheme
Reliance Capital Asset Limited A Reliance Capital Company 12th floor, One Indiabulls Centre, Tower 1, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Annual Report
More informationCPSE ETF. Abridged Annual Report Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
Reliance Nippon Life Asset Management Limited A Reliance Capital Company Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz (East), Mumbai - 400 055. An Open Ended Index Exchange
More informationReliance Pharma Fund An Open Ended Pharma Sector Scheme
Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) A Reliance Capital Company Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz
More informationReliance Growth Fund An open-ended Equity Growth Scheme
Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) A Reliance Capital Company Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz
More informationKotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund 36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai - 400 021 KEY INFORMATION MEMORANDUM & APPLICATION FORMS CONTINUOUS OFFER: Unit of all s available at prices related to Applicable
More informationIDFC Asset Allocation Fund - Conservative Plan (IDFC AAF-CP) IDFC Asset Allocation Fund - Moderate Plan (IDFC AAF-MP)
IDFC Asset Allocation Fund - Conservative Plan (IDFC AAF-CP) IDFC Asset Allocation Fund - Moderate Plan (IDFC AAF-MP) IDFC Asset Allocation Fund - Aggressive Plan (IDFC AAF-AP) IDFC All Season Bond Fund
More informationANNUAL REPORT
ANNUAL REPORT 2007-2008 INDEX 1. Report of the Trustees to Unitholders of Tata Mutual Fund... 2. Brief Background of Sponsors, Trust, Trustee Co. and Asset Management Company (AMC).... 3. Investment Objectives
More informationDeutsche Mutual Fund DWS Fixed Term Fund Series. Annual Report
Deutsche Mutual Fund DWS Fixed Term Annual Report 2007-2008 Sponsors / Co-Sponsors Deutsche Asset Management (Asia) Limited Registered Office : 20 Raffles Place, #27-01 Ocean Towers, Singapore 048620.
More informationANNUAL REPORT
ANNUAL REPORT 2007-2008 INDEX 1. Report of the Trustees to Unitholders of Tata Mutual Fund... 3 2. Brief Background of Sponsors, Trust, Trustee Co. and Asset Management Company (AMC).... 5 3. Investment
More informationContents. 1 Trustees Report Independent Auditor s Report Abridged Balance Sheet Abridged Revenue Account...
Contents 1 Trustees Report... 1 2. Independent Auditor s Report... 12 3. Abridged Balance Sheet... 13 4. Abridged Revenue Account... 18 5. Notes to Accounts... 25 6. Key Statistics... 40 Trustee s Report
More informationIDFC MUTUAL FUND. Open Ended Fund of Funds of the Fund presented in these financial statements are as under: Dividend Frequency
IDFC MUTUAL FUND Schedule 9 - Statement of Significant Accounting Policies and Other Explanatory Notes forming part of Accounts of Fund of Funds Scheme Background IDFC Mutual Fund ( the Fund ) is sponsored
More informationCommon Scheme Information Document Debt Schemes
Common Scheme Information Document Debt Schemes Birla Sun Life Dynamic Bond Fund (An Open ended Income Scheme) Birla Sun Life Floating Rate Fund (An Open ended Income Scheme) Birla Sun Life Short Term
More informationReliance Top 200 Fund An Open-ended Diversified Equity Scheme (Erstwhile Reliance Equity Advantage Fund)
Reliance Nippon Life Asset Management Limited (formerly Reliance Capital Asset Management Limited) A Reliance Capital Company Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz
More informationKotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund 36-38A, Nariman Bhavan 227, Nariman Point Mumbai - 400 021 KEY INFORMATION MEMORANDUM & APPLICATION FORMS CONTINUOUS OFFER: Unit of all s available at prices related to Applicable
More informationKotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund 36-38A, Nariman Bhavan 227, Nariman Point Mumbai - 400 021 KEY INFORMATION MEMORANDUM & APPLICATION FORMS CONTINUOUS OFFER: Unit of all s available at prices related to Applicable
More informationIDFC Dynamic Bond Fund (IDFC DBF) IDFC Government Securities Fund - Investment Plan (IDFC GSF-IP)
IDFC Dynamic Bond Fund (IDFC DBF) IDFC Government Securities Fund - Investment Plan (IDFC GSF-IP) IDFC Government Securities Fund - Short Term Plan (IDFC GSF-ST) IDFC Government Securities Fund - Provident
More informationDeutsche Mutual Fund DWS Debt Schemes. Annual Report
Deutsche Mutual Fund DWS Debt Schemes Annual Report 2006-2007 Sponsors / Co-Sponsors Deutsche Asset Management (Asia) Limited Registered Office : 20 Raffles Place, #27-01 Ocean Towers, Singapore 048620.
More informationANNUAL REPORT. M - 62 & 63, 1st Floor, Connaught Place, New Delhi Tel: (011) ; Fax: (011)
ANNUAL REPORT 2013-14 Name of Mutual Fund: Name of Asset Management Company: Registered Office: Name of Trustee Company: Registered Office: Corporate Office: Website: Indiabulls Mutual Fund Indiabulls
More informationINDEX SAHARA LIQUID FUND. 1. Report of the Trustees Auditors Certificate on the Report on Voting Decisions In The Investee Companies...
Sahara Liquid INDEX SAHARA LIQUID FUND 1. Report of the Trustees... 4 2. Auditors Certificate on the Report on Voting Decisions In The Investee Companies... 8 3. Auditors report to the Trustees of Sahara
More informationReport of the Trustee... 2
Contents Report of the Trustee... 2 Kotak Mahindra 30 Unit Scheme, Kotak Mahindra Balance Unit Scheme 99, Kotak Mahindra Technology Scheme, Kotak Mahindra MNC Scheme, Kotak Mahindra Income Plus Scheme,
More informationKey Information Memorandum & Common Application Form
Key Information Memorandum & Common Application Form Ongoing Offer of units of various schemes at Net Asset value (NAV) based prices. SPONSOR : Mirae Asset Global Investments Company Limited Registered
More informationMahindra Asset Management Company Private Limited
Abridged Annual Report FY 2017-18 Sr. No. index Page 1. TRUSTEE REPORT 2 2. INDEPENDENT AUDITORS REPORT 11 3. Abridged Balance Sheet as at March 31, 2018 13 4. Abridged Revenue Account for the YEAR /
More informationRegular income for short term Investment in Government securities
Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI) KEY INFORMATION MEMORANDUM Product Labelling This product is suitable for investors who are
More informationInvestment Manager: LIC Mutual Fund Asset Management Ltd. (Formerly known as LIC Nomura Mutual Fund)
Date: 17/04/2018 Investment Manager: LIC Mutual Fund Asset Management Ltd. (Formerly known as LIC Nomura Mutual Fund) Dear Unit holder, Sub: Change in the Fundamental Attributes and Scheme Features of
More information3. Additional Disclosures by banks in Notes to Accounts Circular No. DBOD.BP.BC.No. 79 / / , dated
1. Half Yearly Reporting by Portfolio Managers Circular No. IMD/DOF-1/PMS/Cir-1/2010, dated 15-3-2010 The format for the half yearly report on portfolio management activity has been revised as per enclosed
More informationKotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund 36-38A, Nariman Bhavan 227, Nariman Point Mumbai - 400 021 KEY INFORMATION MEMORANDUM & APPLICATION FORMS CONTINUOUS OFFER: Unit of all s available at prices related to Applicable
More informationDeutsche Mutual Fund. Annual Report
Deutsche Mutual Fund Annual Report 2007-2008 Sponsors / Co-Sponsors Deutsche Asset Management (Asia) Limited Registered Office : 20 Raffles Place, #27-01 Ocean Towers, Singapore 048620. Deutsche India
More informationKEY INFORMATION MEMORANDUM ESCORTS INFRASTRUCTURE FUND (AN OPEN ENDED EQUITY SCHEME)
KEY INFORMATION MEMORANDUM (AN OPEN ENDED EQUITY SCHEME) Continuous offer for Units at NAV based prices This product is suitable for investors who are seeking*: Riskometer To provide income distribution
More informationAUDITORS REPORT. To the Board of Directors of Trustees of FRANKLIN TEMPLETON MUTUAL FUND FRANKLIN INDIA BLUECHIP FUND
AUDITORS REPORT To the Board of Directors of Trustees of FRANKLIN TEMPLETON MUTUAL FUND 1. We have audited the attached balance sheet of FRANKLIN TEMPLETON MUTUAL FUND (the Scheme ) as at March 31, 2011
More informationOnline Investment. Sahara Midcap Fund
Online Investment Sahara Midcap Fund 1 REPORT OF THE TRUSTEES We are pleased to present before you the ANNUAL REPORT of SAHARA MUTUAL FUND for the year ended March 31, 2010. Overview of Debt Markets in
More informationReliance Vision Fund. Abridged Annual Report
Reliance Nippon Life Asset Management Limited A Reliance Capital Company Reliance Centre, 7th Floor South Wing, Off Western Express Highway, Santacruz (East), Mumbai - 400 055. Abridged Annual Report 2017-2018
More informationThis page has been left blank intentionally
Abridged Annual Report 2016-2017 This page has been left blank intentionally SPONSOR IIFL Wealth Management Limited Registered Office:IIFL House, Sun Infotech Park, Road No. 16 V, Plot No. B-23, Thane
More informationDear Sir, We thank you for your investment in Birla Sun Life Mutual Fund ( BSLMF ).
Dear Sir, We thank you for your investment in Birla Sun Life Mutual Fund ( BSLMF ). We wish to inform you that your scheme - Birla Sun Life Emerging Leaders Fund Series 4 (A Close ended Equity Scheme)
More informationSEBI Investor Programme Guide for Mutual Fund Investors
SEBI Investor Programme Guide for Mutual Fund Investors 1. Introduction Different investment avenues are available to investors. Mutual funds also offer good investment opportunities to the investors.
More informationADITYA BIRLA SUN LIFE LIQUID FUND (formerly known as Aditya Birla Sun Life Cash Plus)
ADITYA BIRLA SUN LIFE LIQUID FUND (formerly known as Aditya Birla Sun Life Cash Plus) (An Open ended Liquid Scheme) NAME OF SCHEME Aditya Birla Sun Life Liquid Fund This Product is suitable for investors
More informationKEY INFORMATION MEMORANDUM (KIM) AND COMMON APPLICATION FORM
KE INFORMATION MEMORANDUM (KIM) AND COMMON APPLICATION FORM Offer for units at applicable NAV based prices. This KIM can be used for the following Schemes: Liquid Ø Edelweiss Liquid Fund (An Open-ended
More informationKEY FEATURES DOCUMENT
KEY FEATURES DOCUMENT (For Resident Indian and NRI customers of the Hongkong and Shanghai Banking Corporation Limited, India (HSBC India)) Product Reliance Gold Savings Fund from Reliance Capital Asset
More informationBENCHMARK MUTUAL FUND
BENCHMARK MUTUAL FUND ANNUAL REPORT 2009-2010 Trustees Report For the Year ended March 31, 2010 Dear Unit holders, We have pleasure in presenting our ninth report and the audited financial statements of
More informationTRUSTEE REPORT (contd.)
TRUSTEE REPORT Dear Unitholders, We have pleasure in presenting the Annual Report of the schemes of Indiabulls Mutual Fund ( the Mutual Fund ) for the year ended March 31, 2013, along with the audited
More informationPRINCIPAL MUTUAL FUND Exchange Plaza, B Wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai
PRINCIPAL MUTUAL FUND Exchange Plaza, B Wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai 400 051. PRINCIPAL RETIREMENT SAVINGS FUND MODERATE PLAN (Erstwhile known as Principal
More informationEMI = GOOD EMI Instalment. Investment. SIP or Systematic Investment Plan offered by Mutual Funds is like a GOOD EMI
EMI = GOOD EMI Instalment Investment = SIP or Systematic Investment Plan offered by Mutual Funds is like a GOOD EMI SYSTEMATIC INVESTMENT PLANS (SIPs) MADE SIMPLE WHAT are SIPs? WHY SIPs? WHERE to invest
More informationFranklin Templeton Mutual Fund
Franklin Templeton Mutual Fund Dear Investor, The Board of Directors of Franklin Templeton Trustee Services Pvt. Ltd., Trustee to Franklin Templeton Mutual Fund, have the pleasure of presenting before
More informationTechnicalities you should know about Mutual Funds
Technicalities you should know about Mutual Funds An Investor Education & Awareness Initiative By Franklin Templeton Mutual Fund Process of Investing in a Mutual Fund 1 Refer Key Information Memorandum
More informationCommon Key Information Memorandum for Debt and Liquid Schemes
Common Key Information Memorandum for Debt and Liquid Schemes Continuous Offer of Units at NAV based prices This Common Key Information Memorandum (KIM) sets forth the information, which a prospective
More informationContinuous Offer of Units at Applicable NAV Key Information Memorandum and Application Forms
SMS HDFCMF to 56767 Continuous Offer of Units at Applicable NAV Key Information Memorandum and Application Forms Open-ended Income Schemes Open-ended Gilt Schemes Open-ended Liquid Income Schemes Sponsors
More information13/02/2017. and growth option under Regular and Direct Plan were as follows:
13/02/2017 Dear Investor Sub: Proposal for merger of Sundaram Banking & PSU Debt Fund with Sundaram Flexible Fund Short-Term Plan Thank you for investing in Sundaram Banking & PSU Debt Fund. The Trustees
More informationSahara Banking & Financial Services Fund
Sahara Banking & Financial Services 1 2 INDEX SAHARA BANKING AND FINANCIAL SERVICES FUND 1. Report of the Trustees... 2 2. Auditors Certificate on Quarterly Disclosure of Votes Cast... 7 3. Auditors report
More informationAllocation. Investment in Foreign Securities Investment in derivatives
Regd. Office: HDFC House, 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020. Phone: 022 66316333 Toll Free Nos: 1800-3010-6767 / 1800-419-7676 Fax: 022 22821144 e-mail:
More informationPRINCIPAL MUTUAL FUND Exchange Plaza, B Wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai
PRINCIPAL MUTUAL FUND Exchange Plaza, B Wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai 400 051. PRINCIPAL ASSET ALLOCATION FUND OF FUNDS - MODERATE PLAN - ABRIDGED ANNUAL
More informationA world of investment opportunities from Religare Invesco Mutual Fund
Key Information Memorandum & Common Application Form A world of investment opportunities from Religare Invesco Mutual Fund Debt Schemes Religare Invesco Liquid Fund Religare Invesco Ultra Short Term Fund
More informationSub: Rollover / Extension in Maturity of Edelweiss Income Fund Series 501, A 5 Years Close Ended Income Scheme
July 13, 2017 Dear Investor, Sub: Rollover / Extension in Maturity of Edelweiss Income Fund Series 501, A 5 Years Close Ended Income Greetings from Edelweiss Mutual Fund! At the outset, we wish to thank
More informationSponsors : Asset Management Company : Trustee :
Open-ended Growth Schemes Open-ended Equity Schemes Open-ended Balanced Schemes Open-ended Equity Linked Savings Schemes Open-ended Index Linked Scheme Open-ended Monthly Income Scheme Sponsors : Housing
More informationin the case of the Balance Sheet, of the state of affairs of the Scheme as at the March 31, 2017; and
INDEPENDENT AUDITOR S REPORT To the Trustees of Franklin Templeton Mutual Fund Report on the Financial Statements We have audited the accompanying financial statements of Franklin Asian Equity Fund ( the
More informationPRINCIPAL MUTUAL FUND Exchange Plaza, B Wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai
PRINCIPAL MUTUAL FUND Exchange Plaza, B Wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai 400 051. PRINCIPAL PNB FIXED MATURITY PLAN - SERIES B17 - ABRIDGED ANNUAL REPORT FOR
More informationPRINCIPAL MUTUAL FUND Exchange Plaza, B Wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai
PRINCIPAL MUTUAL FUND Exchange Plaza, B Wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (East), Mumbai 400 051. PRINCIPAL DEBT SAVINGS FUND - RETAIL PLAN - ABRIDGED ANNUAL REPORT FOR -17
More information