Category: Mutual Funds Review

I will be writing an Investment Strategy for the next 30 months to make that Big Money. For the same I shall be considering HDFC Top 200 Fund as the engine for us to ride and I am justifying my choice here.

Since my investment horizon is 30 months, and it was a blessing in disguise for me that SENSEX 30 months ago was around 14,000 levels as it is today.

I compared 3 year returns [just in case markets are extremely bad at the end of 30 months, give another 6 months grace] of diversified equity funds with (more…)

I thought of sharing this article which is nothing but my own independent study [papers, photocopies from magazines etc] on ULIPs and why I gave a slip to them.

I have a simple rule of not to mix investment with life risk coverage. It is easy to get lost that ULIPs have triple advantage of Life Cover + Critical Illness Cover + Benefit of Aggressive returns offered by the Equity Markets. Lets analyze each of (more…)

State-run Union Bank of India (UBI) is likely to make an entry into mutual fund business by the end of this calendar year. The bank has already secured the Reserve Bank of India’s (RBI) nod for the same and has applied to market regulator Securities and Exchange Board of India (SEBI) for the same, which is expected in next two months.

Meanwhile, the bank has launched its mobile banking facility ‘UMOBILE’ through which its customers will be able to make payments for movie tickets, bills, fund transfer, etc. (more…)

Mutual fund houses are demanding the removal of 10% cap on investment of equity schemes funds in a single stock or any other equity related instruments.

Some of the fund houses have requested Securities and Exchange Board of India (SEBI) to modify the said rule. The move comes on account of hindrance of the rule from going forward on higher investment in Reliance Industries shares in the current rally.

The weightage of the Reliance Industries in the S&P Nifty has gone up by 2% in the current year. The stock has almost doubled since March 2009 against the Nifty gaining just over 70%. (more…)

ICICI Prudential Target Returns Fund is an open ended diversified equity fund that seeks to generate capital appreciation by investing in equity or equity related securities of large market capitalization companies constituting the BSE 100 index and providing investors with options to withdraw their investment automatically based on triggers for pre-set levels of return as and when they are achieved.

The Fund aims to generate capital appreciation by investing in equity and equity related securities of companies that form part of the constituents of the BSE 100 index and (more…)

SBI Mutual Fund has introduced Micro Systematic Investment Plan (Micro SIP) under SBI Blue Chip Fund. The change will come into effect from April 15, 2009.

The minimum investment amount under this scheme will be Rs 100 and in multiples of Rs 50 thereafter. The minimum redemption amount will be Rs 500. The minimum tenure of scheme is 5 years.

No entry load would be charged for direct applicants and for rest an entry load of 2.25% will be charged. An exit load of 3% on applicable NAV will be charged if investors redeem from the scheme within 2 years.

An exit load of 2% on applicable NAV will be charged, if the investment is redeemed after 2 years but before 5 years.

The investment objective of this open ended equity scheme is to generate long term capital appreciation by investing in equity and equity-related instruments.