Posts filed under 'Union KBC Mutual Fund'
The scheme portfolio has increased the number of shares invested to 57 companies. It has added three new scripts to the portfolio: Dish TV India under Media & Entertainment category to an extent of 1.04%, Exide Industries in the Auto Ancillaries category to 0.97% and Tecpro Systems in the Industrial Capital Goods category to 0.50%.
The Average Assets Under Management (AAUM) for the quarter has increased from Rs. 143.48 crores in August 2011 to Rs. 152.65 crores. This is a marginal increase compared to other diversified funds from other mutual fund houses. The scheme’s expenses ratio stands at 2.41% YTD.
Top 10 holdings of the scheme are ICICI Bank, Infosys, Reliance Industries, ITC, Tata Consultancy Services, HDFC Bank, Larsen & Toubro, Housing Development Finance Corporation, Bharti Airtel and Oil & Natural Gas Corporation. The top investment position is now occupied by ICICI Bank at 5.87% putting down Infosys which stands at 5.64%.
NAV of Growth option is at Rs. 9.06. NAV of Dividend option is at Rs. 9.06 (no dividend announced in the scheme so far).
October 7th, 2011
Union KBC Equity Fund had a marginal dip in the Average Assets Under Management (AAUM) during the month of August 2011 from Rs. 160.44 crores in July 2011 to Rs. 143.48 crores. Of course, the global turmoil could be one of the many reasons for this fall. The expenses ratio has moved from 2.40% YTD to 2.41% YTD.
Top 5 holdings include Infosys (5.63%), ICICI Bank (5.56%), Reliance Industries (5.37%), TCS (4.35%) and L&T (4.32%).
The scheme has added / increased three stocks in its portfolio: TVS Motor Company, Nestle India, eClerx Services Software and Motherson Sumi Systems.
NAV of the the Growth option as of August 30, 2011 is Rs. 9.12 compared to Rs. 9.95 on July 29, 2011.
September 13th, 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