Reliance Mutual Fund, owned by the Anil Ambani controlled Reliance Ca

Hindalco Industries and Reliance Communication saw much action during February 2008 mutual fund portfolios.

SBI Mutual Funds Management has finally filed its initial papers with India's market regulator for launching a dedicated scheme for the real estate and related sector.

One of India’s leading mutual funds, DSP Merrill Lynch Mutual Fund has launched a fund “DSP Merrill Lynch Fixed Maturity Plan” (12 ½ Months Series 1) in India market.

The newly launched fund will be a close-ended income schemes, with maturity profile of 12½ months.

The primary investment objective of the schemes is to seek capital appreciation by investing in a portfolio of debt and money market securities.

It is envisaged that the portfolio will display a maturity profile that is generally in line with the Term of the scheme. Both funds will invest can invest up to 100% in debt instruments and up to 100% in money market.