Thursday, July 31, 2008

ICICI Mutual Fund And Others May Face Competition From Aviva India

"As part of our expansion strategy in Asia Pacific and keeping in mind the opportunity India presents, we would like to enter into asset management business as soon as possible," Aviva India Managing Director Bert Paterson said. 

However, the company is yet to decide about the structure, he said, adding the company is looking at a number of ways in which it could be set up. 

"We are considering what the various options might involve, but we have no specific plans to announce at the moment," he said. 

"The company has not yet engaged Securities and Exchange Board of India," he added. 

Of the total 20 life insurance players, about 9 already have their asset management arm. Prominent among them include ICICI Prudential, Reliance Mutual Fund, HDFC Mutual Fund and SBI Mutual Fund.
Source : www.business-standard.com

JM Multi Strategy Fund

JM Multi Strategy NFO ( an Open Ended Equity Fund) today, a brief is mentioned here. 
Launch Date : 31st July’08
Closing Date : 29th August’08
JM Multi Strategy Fund will have an active investment strategy which changes with the changing markets. 
Identifying the future market scenario and identifying stocks that are likely to outperform will be critical in managing the fund. JM Multi Strategy will seek to adopt a portfolio strategy depending on the prevailing market conditions; the scheme will either adopt a growth or a value style of investing.
During bullish market conditions, the scheme will act like an aggressive growth fund with a concentrated portfolio of say 25 to 30 stocks and a targeted portfolio beta of greater than 1.
However,in a bearish market, the scheme will have a low volatility conservative portfolio of a larger number of stocks in the range of 40 to 60 stocks with a targeted portfolio beta of less than 1.
The scheme may have to regularly churn its portfolio at periodic intervals in order to achieve the investment objective and as such the portfolio turnover ratio could be high.
 
The intention is that in these market conditions the fund will switch between aggressive and defensive large caps depending on the market conditions. The fund will have large caps to an extent of 90 to 95%. 
Load Structure: 
Entry Load Exit Load 
In case of investments <>2.25%
In case of investments >= Rs. 2 crores : Nil
In case of investments <>1% if redeemed within 1 year of allotment / transfer of units. 
In case of investments >= Rs. 2 crores: 0.5% if redeemed within 3 months of allotment/transfer of units 
In case of investments made through Systematic Investment Facility : Nil
In case of investments made through Systematic Investment Facility: 2.25% if redeemed within 2 year of allotment / transfer of units of respective installments.

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Aggrasive Portfolio

  • Principal Emerging Bluechip fund (Stock picker Fund) 11%
  • Reliance Growth Fund (Stock Picker Fund) 11%
  • IDFC Premier Equity Fund (Stock picker Fund) (STP) 11%
  • HDFC Equity Fund (Mid cap Fund) 11%
  • Birla Sun Life Front Line Equity Fund (Large Cap Fund) 10%
  • HDFC TOP 200 Fund (Large Cap Fund) 8%
  • Sundram BNP Paribas Select Midcap Fund (Midcap Fund) 8%
  • Fidelity Special Situation Fund (Stock picker Fund) 8%
  • Principal MIP Fund (15% Equity oriented) 10%
  • IDFC Savings Advantage Fund (Liquid Fund) 6%
  • Kotak Flexi Fund (Liquid Fund) 6%

Moderate Portfolio

  • HDFC TOP 200 Fund (Large Cap Fund) 11%
  • Principal Large Cap Fund (Largecap Equity Fund) 10%
  • Reliance Vision Fund (Large Cap Fund) 10%
  • IDFC Imperial Equity Fund (Large Cap Fund) 10%
  • Reliance Regular Saving Fund (Stock Picker Fund) 10%
  • Birla Sun Life Front Line Equity Fund (Large Cap Fund) 9%
  • HDFC Prudence Fund (Balance Fund) 9%
  • ICICI Prudential Dynamic Plan (Dynamic Fund) 9%
  • Principal MIP Fund (15% Equity oriented) 10%
  • IDFC Savings Advantage Fund (Liquid Fund) 6%
  • Kotak Flexi Fund (Liquid Fund) 6%

Conservative Portfolio

  • ICICI Prudential Index Fund (Index Fund) 16%
  • HDFC Prudence Fund (Balance Fund) 16%
  • Reliance Regular Savings Fund - Balanced Option (Balance Fund) 16%
  • Principal Monthly Income Plan (MIP Fund) 16%
  • HDFC TOP 200 Fund (Large Cap Fund) 8%
  • Principal Large Cap Fund (Largecap Equity Fund) 8%
  • JM Arbitrage Advantage Fund (Arbitrage Fund) 16%
  • IDFC Savings Advantage Fund (Liquid Fund) 14%

Best SIP Fund For 10 Years

  • IDFC Premier Equity Fund (Stock Picker Fund)
  • Principal Emerging Bluechip Fund (Stock Picker Fund)
  • Sundram BNP Paribas Select Midcap Fund (Midcap Fund)
  • JM Emerging Leader Fund (Multicap Fund)
  • Reliance Regular Saving Scheme (Equity Stock Picker)
  • Biral Mid cap Fund (Mid cap Fund)
  • Fidility Special Situation Fund (Stock Picker)
  • DSP Gold Fund (Equity oriented Gold Sector Fund)