FII trades: SBI, PNB shares trade at premium
Mumbai: Trades between FIIs generated a volume of Rs218 crore on the BSE on Thursday with 51 lakh shares, of 13 stocks listed on the exchange, being traded.

SBI shares attracted the highest premium of 19.30 pc with 35,532 shares changing hands at Rs977 as against the spot price of Rs818.90.

Punjab National Bank shares attracted a premium of 9.93 pc, with 1.30 lakh shares changing hands at Rs430 as compared with the spot close of Rs391.15.
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iShares MSCI India to list on SGX on June 15
Mumbai: Barclays Global Investors (BGI) and Singapore Exchange Ltd (SGX) on Thursday announced that `iShares MSCI India' would be listed on SGX on June 15, making it the first Exchange Traded Fund (ETF) outside India to offer investors an ideal route for accessing the Indian stock market.

The iShares MSCI India will track the MSCI India Index, which is designed to provide a broad-based coverage of at least 85 per cent of the free float-adjusted market capitalisation of each industry group in the Indian market, a press release from BGI said here.

iShares Funds are index tracking funds managed by BGI that are bought and sold like common stocks on stock exchanges. The manager of iShares MSCI India is BGI Southeast Asia Ltd, a subsidiary of BGI in Singapore.
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Franklin Intl. fund to standardise valuation of assets
Kolkata: With effect from today, Franklin India International Fund will seek to standardise the valuation of securities, whereby all assets and liabilities in foreign currency will be valued in rupees, the company has said.

The rate quoted by Reuters at the time when the NAV of the US fund is calculated will be considered. If such rate is not available, the rate quoted by Bloomberg will be used.

Franklin India International Fund provides unit holders access to a basket of US Government securities by buying units of Franklin US Government Securities Fund, which has been in existence since 1991.

The last portfolio statement issued by Franklin Templeton MF shows that the fund is 79.88 per cent invested in units of Franklin US Government Fund, while the rest is parked in cash and other liquid assets.
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Principal PNB AMC launches fixed duration fund
Mumbai: The Principal PNB Asset Management Company and the Vijaya Bank have announced the launch of the `Principal PNB Fixed Duration Fund 3 Year Plan-Series I,' a close-ended debt fund. It is open for subscription from May 22 to June 15.

The fund has been positioned as a stable investment alternative to traditional long-term fixed income investments. The fund would invest a substantial portion of its portfolio in quality debt funds such as medium term AAA and AA rated papers maturing with the fund.

The balance portion of the portfolio will be invested in equity shares of fundamentally strong companies with a focus on IPOs. A portion of the fund would also be invested in mid-cap and large cap stocks. The fund also offers triple indexation benefit that reduces the tax liability enabling it to deliver tax efficient returns to the investor.

The minimum investment is Rs5,000.
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