Tuesday, September 15, 2009

Debt funds boost MF assets to Rs.7.57 tn in Aug

The Indian mutual fund industry’s assets under management touched a new peak of Rs.7.57 trillion at the end of August, thought the growth was moderate at 5 percent over the previous month. The month under review saw net inflows of Rs.327 billion across categories with debt funds witnessing Rs.383 billion of net inflows. All other key categories saw net outflows. Liquid funds saw the highest net outflows among mutual fund categories, to the tune of Rs.52 billion in August. This was driven by lower returns which led investors to shift to ultra short term debt funds.
On the returns front, equity funds out-performed on the back of a strong performance from midcap and small cap funds while the long term debt funds saw negative returns due to rising yields, according to CRISIL FundServices.
“Ultra short term debt funds saw strong inflows in August, with banks parking their surplus funds in these schemes. At the same time, the new rule of no entry loads seems to have initially dulled the inflows into equity funds even though fund performances were good for the month,” said Krishnan Sitaraman, Director – CRISIL FundServices.
CRISIL’s analysis of over 300 equity oriented schemes shows that over 250 schemes gave better 1-month returns than the S&P CNX Nifty in August. Midcap and small cap funds posted better returns than large cap funds and benchmark indices across all periods analysed (1 month, 3 months and 1 year).
“The realty, consumer durables and technology sectors were significant out-performers in the month which saw benchmark equity indices ending flat reflecting in the S&P CNX Nifty rising 0.6 percent,” Sitaraman added.
Mutual funds’ average AUM has now risen by over 85 percent since the liquidity crisis in the last quarter 2008 when industry average AUM had dropped to around Rs.4 trillion in November 2008.

Source: http://economictimes.indiatimes.com/articleshow/5014648.cms

Reliance MF declares 40 pc dividend in Reliance NRI Eq Fund

Anil Ambani-controlled Reliance Mutual Fund on Monday announced a 40 per cent dividend in Reliance NRI Equity Fund and 15 per cent dividend in Reliance Media & Entertainment Fund, a company statement said here.
Reliance NRI Equity Fund, is an open-ended diversified equity fund with investment objective of generating optimal returns by investing in equity or equity-related instruments primarily drawn from the companies under the BSE 200 Index.
The investment philosophy of Reliance Mutual Fund is to focus on wealth creation for all NRI investors, which corelates with the growth of Indian markets. Improved investor trust in financial institutions and consistency in performance of the fund have contributed to its growth, Reliance Mutual Fund's CEO, Sundeep Sikka, said.
The Reliance NRI Equity Fund is an exclusive offering for the NRI investor who is seeking an exposure to the Indian equity space. The fund specifically focuses on companies with high market capitalisation and stability. The NRI Equity fund has been benchmarked against the BSE 200 index and has consistently outperformed the benchmark and has amassed a corpus of Rs 130-crore in a short period of time.

SREI Infra gets Sebi nod to launch mutual fund biz

Non-banking finance company SREI Infrastructure today said it has got in-principle approval from the Securities & Exchange Board of India (Sebi) to launch its mutual fund business in the country.
The company would be incorporating two wholly-owned subsidiaries for carrying out the asset management business.
"Pursuant to an in-principle approval received by the company from the Sebi for setting up a mutual fund, the board has decided to incorporate two wholly owned subsidiary companies for carrying out the activities of asset or fund management and trusteeship services," SREI Infrastructure said in a filing to the Bombay Stock Exchange.
Besides, the board has approved the resignation of Somabrata Mandal as the Director of the Company with effect from September 12.
Earlier this month, Axis Asset Management Company (Axis AMC), a wholly owned subsidiary of Axis Bank Ltd, had received the final regulatory approval from the Sebi to launch its mutual fund business in the country.
Shares of SREI Infra were trading at Rs 75.30, up 4.37 per cent in late afternoon trade on the BSE.

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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)