Saturday, February 13, 2010

Sebi ‘super ATMs’ to spread info on MFs

With a view to increasing financial literacy, markets regulator, Securities and Exchange Board of India (Sebi) plans to launch over 2,000 ‘super ATMs’ in the country, which will facilitate all the information to mutual funds investors. Apart from this, Sebi is also in the process of starting financial literacy and investor education programmes throughout the country to encourage retail investors to participate in mutual funds.

Speaking at an awards ceremony on Thursday, K Vaidyanathan, executive director Sebi said, “Super ATMs will provide better infrastructure to investors throughout the country and we hope to start this initiative in the next 12-18 months.”

CB Bhave, chairman, Sebi, while speaking at the event, said the Indian mutual fund industry is at the crossroads and should not expect phenomenal results in the next six months. Bhave said, “It is always difficult to accept change but if you are confident that the change is good for the consumer, you eventually accept it.” In the year 2009, several regulatory changes were made, such as the ban on entry load and parity among all the classes of investors in the exit load structure.

Bhave also added that Sebi is ready to help the mutual fund industry in the country, in their efforts to increase the financial literacy. “We have already started some programmes for financial literacy and the education of investor. But we also want that fund houses come and present to us their plan for the purpose so that we can help them out.”

Apart from this, Vaidyanathan also mentioned that the regulator will play a twin role for investor interest protection through regulations and also through developmental activities. “Performance is also the important factor and we would like to see this business revolve around the investor’s managers and also the performance,” he added.

After the ban on entry load, several distributors had stopped selling mutual fund schemes, as their upfront commission completely vanished. Since the ban on entry load from August, 2009, equity schemes have seen net outflows for the next five months to the tune of over 7,000 crore as distributors stopped selling mutual funds.

However, in January, 2010, some smart inflows came in equity schemes after three new fund offers (NFO) were launched. Total average assets under management for the month of January, 2010 stood at over Rs 7.61 lakh crore, according to the data provided by the Association of Mutual Funds in India.

Source: http://www.financialexpress.com/news/Sebi--super-ATMs--to-spread-info-on-MFs/579081/

UTI MF Declares Dividend for Contra Fund

UTI Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of UTI Contra Fund. The record date for dividend has been fixed as 17 February 2010.

The quantum of dividend will be 10% (Rs 1 per unit). The NAV of the scheme stood at Rs 12.68 as on 10 February 2010.

UTI Contra Fund is an open ended equity oriented scheme which has the investment objective to provide long term capital appreciation / dividend distribution through investments in listed Indian equities and equity related instruments. The Fund's investment policies are based on insights from behavioral finance. The fund offers an opportunity to benefit from the impact of non-rational investors behavior by focusing on stocks that are currently undervalued because of emotional and behavioral patterns present in the stock market.

Source: http://www.bloombergutv.com/stock-market/mutual-fund/commentary/374729/uti-mf-declares-dividend-for-contra-fund.html

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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)