Posts filed under 'Diversified Mutual Funds'
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
Peerless Mutual Fund has brought the first pre-dominant equity mutual fund scheme called the Peerless Equity Fund. This is the sixth scheme from the fund house.
Investment Objective
Peerless Equity Fund will be a multi-cap diversified equity fund and its portfolio will have an optimal blend of large, mid and small cap stocks. The primary investment objective is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity and equity related securities diversified over various sectors.
Asset Allocation Pattern
The scheme will invest between 80 to 100% in equity and equity related securities and up to 20% in debt and money market securities. Up to 50% of the net assets would be put in Derivatives for the purpose of hedging, portfolio balancing and such other purposes as may be required from time to time.
Investment Strategy
The investments would not have any industry, sector or market capitalization bias. The strategy would be to invest in stocks and sectors that seem attractive, exhibit strong growth or have the potential for strong growth in the medium to long term. The fund manager would follow a strategy which will be a combination of top-down and bottom-up approach.
Systematic Investment Plan
Monthly SIP
Minimum 12 Instalments (including first cheque) of Rs. 500 or in multiples of Rs. 100
Quarterly SIP
Minimum 4 Instalments (including first cheque) of Rs. 1000 or in multiples of Rs. 100
Half-yearly SIP
Minimum 2 Instalments (including first cheque) of Rs. 2000 or in multiples of Rs. 100
Default SIP Options
Monthly SIP with the default date of 7th of every month / quarter / half-year
SIP Dates
1, 7, 10, 15, 20, 25th of every month
Fund Manager
Mr. Kaushik Dani will be the fund manager for the scheme. He is a commerce graduate and an MBA in finance with more than 13 years of experience. Prior to this, he has worked with K. R. Choksey Shares & Securities Pvt. Ltd., Birla SunLife, Sharekhan, SG Asia Securities (India) Pvt. Ltd. and Motilal Oswal Securities Ltd.
Mr. Kaushik Dani also manages the equity investments for Peerless Income Plus and Peerless MF Child.
Fund House
Peerless Mutual Fund is a recent entrant in the industry. It launched its first fund in February 2010. The fund house has an Average Assets Under Management (AAUM) of Rs. 5890 crores as of July 2011.
Basic Details
NFO Opens: September 7, 2011
NFO Closes: September 21, 2011
NFO Price: Rs.10
Options: Growth and Dividend (pay out and re-investment)
Minimum Application Amount: Rs.1000
Exit Load: 1% if redeemed/switched-out on or before 1 year and NIL on or after 1 year
Benchmark: S&P CNX Nifty
Fund Managers: Mr. Kaushik Dani and Mr. Ganti N. Murthy
September 10th, 2011
Scheme Name
DSP Merrill Lynch World Gold Fund Institutional Plan
Objective of Scheme
The primary investment objective of the scheme is to seek capital appreciation by investing predominantly in units of Merrill Lynch International Investments Fund - World Gold Fund (MLIF-WGF). The Scheme may, at the discretion of the Investment Manager, also invest in the units of other similar overseas mutual fund schemes, which may constitute a significant part of its corpus.
Scheme Type
Open Ended
Scheme Category
Fund of Funds - Overseas
New Fund Launch Date
1-Oct-2008
New Fund Earliest Closure Date
1-Oct-2008
New Fund Offer Closure Date
1-Oct-2008
Indicate Load Separately
Entry Load - Nil Exit Load - Nil
Offer Price (Rs.)
Rs. 10/-
Minimum Subscription Amount
5 crores
October 1st, 2008
Draft offer documents of the following Mutual fund schemes are submitted to SEBI for approval and are now put on SEBI website for public view and commenting:
Birla Sun Life 130-30 Fund
September 26th, 2008
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