Posts filed under 'Fund Houses & AMCs'
ICICI Pru Dynamic has announced August 30, 2011 as the record date for the distribution of dividend of Rs. 0.50 per unit.
The Value Research 4-star rated fund is a conservative equity opportunities fund and is well suitable for investors who can invest for 3 years and beyond. Sanjay Parekh is managing this fund since February 2011. The AAUM is at Rs. 3814.40 crores as of June 30, 2011. The Annual Portfolio Turnover Ratio : 1.17 times.
ICICI Prudential Dynamic Plan last announced a dividend of Rs. 1 per unit on February 25, 2011. Earlier to that it was on August 20, 2010 when it announced a Rs. 1 per unit dividend.
August 25th, 2011
A fund that started in July 2002, having an asset size of 2315 crores as of July 2011 (2151.3 Cr in June 2011), having an average weighted market capitalization of Rs. 6889 crores, the Sundaram Select Mid Cap Fund is one of the best midcap mutual funds available in the Indian mutual funds space. The fund has given a since-inception returns of 30.4% compared to its BSE Mid-cap Index benchmark of 17.9% proving it a good long term choice.
The scheme had IPCA Labs, Indraprashta Gas, IndusInd Bank, Coromandel Fertilizers, Petronet LNG, FAG Bearings, Trent, EID Parry, Idea Cellular and Bosch Limited as its top 10 holdings.
The scheme is overweight in Fertilisers & Chemicals, Auto Ancillaries, Energy - Utilities and underweight on Financial Services, Services and Industrial Manufacturing.
The scheme has given a dividend of 20% in November 2010 and a total of Rs. 9.5 per unit in the last three years.
The scheme is currently placed at Rank #67 amongst 263 diversified equity schemes on Moneycontrol. With an ‘Average’ Risk Grade and an ‘Above Average’ Return Grade, the script is 4-star rated on ValueResearch.
August 21st, 2011
Axis Tax Saver is renamed as Axis Long Term Equity Fund. The new name will be effective September 2, 2011. The type of scheme stands modified to ‘an open ended equity linked savings scheme with a 3 year lock-in’.
Meanwhile, the fund topped the list of tax planning mutual fund schemes for 1-year returns as of June 30, 2011. This is quite a distinction considering the scheme is one of the youngest in the group of ELSS mutual fund scheme.
The scheme invests largely in Large and Midcap stocks and follows a blended style of investing. The date of first allotment of the scheme is December 29, 2009. Chandresh Nigam and Jinesh Gopani are currently managing the scheme. The fund has an average monthly AUM of Rs. 123.13 crore and had a portfolio turnover of 1.25 times in the last 1 year.
The scheme has largely invested in Consumer Non-Durables (15.8%), Banks (14.75%) and Software (7.86%) amongst others. HDFC Bank, ITC, HDFC, ICICI Bank and Infosys Technologies are the top 5 scripts the scheme is invested in.
August 20th, 2011
The Factsheet of Union KBC Equity Fund, the equity fund from the newest AMC, the Union KBC, is released recently. This is the first fact sheet in the equity schemes released by the fund house and hence we get an opportunity to get to know some basic information of the internals of the fund.
The average assets under management for July 2011 is at Rs. 160.44 crores which is a healthy figure. The expense ratio is at 2.40% YTD, the right of which the AMC reserves to change within the prescribed limits in the SID.
The fund benchmarks with BSE 100 which is down 0.54% during the period. At the same time, the scheme is down 0.50% which indicates slightly better performance than the BSE 100.
Sectorial breakup shows that the scheme has heavily invested in Banks (16.82%), Software (13.43%), Pharma (6.53%) amongst others. The scheme has cash and equivalents constituting 15.76%. This is reasonable considering that the scheme is newly floated and the US-debt and European worries are troublesome for the Indian stock markets too.
The scheme has its investments in Infosys (6.07%), ICICI Bank (6%), Reliance Industries (5.16%), Tata Consultancy Services (4.31%), L&T (4.22%) amongst others.
August 4th, 2011
The latest trend in the Indian Mutual Fund industry is that the plastic cards issued by the banks can now be used for purchasing units of mutual funds by investors. Yes. The Debit cards of the banks can now be used to buy mutual fund units.
While DSP Blackrock Mutual Fund is already allowing this, Reliance Mutual Fund has joined in the list.
Effective June 21, 2011, investors can use the Visa Debit Card issued by the investors bankers to make transactions over its website RelianceMutual.com. Investors with or without IPin can use this facility.
July 21st, 2011
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