CRISIL CPR (Quarterly) Rankings of Mutual Fund Schemes for September '04
|
|
- Giles Daniels
- 7 years ago
- Views:
Transcription
1 CRISIL CPR (Quarterly) Rankings of Mutual Fund Schemes for September '04 Equity market provides cheer to investors, debt market arrests decline after a hiatus, and the liquid category maintains momentum Buoyancy in equities The domestic equity market saw a dramatic turnaround in the quarter ended September 2004 over the previous quarter with most investment categories registering large gains. Foreign and retail investors showed strong interest in equities following the Union Budget, largely because of the liberalisation in foreign investment norms in sectors such as telecom, insurance and civil aviation and the new tax provisions on capital gains tax. This triggered off a rally on the bourses, which helped most benchmark indices to regain the ground that they had lost in the preceding quarter. Investors also looked to pick up value in this period. Sustained buying in the small and mid-cap segments saw the CNX MIDCAP 200 index end the quarter with high point-to-point returns of per cent while the returns generated by the BSE Sensex and Nifty were also strongly positive at per cent and per cent respectively. Moreover, renewed investor interest in the pharmaceutical and software services sectors helped to augment the share prices of such companies. The gains on the bourses were, however, partially offset by some volatility as concerns were raised about hardening global crude oil prices and rising inflation. Investor sentiment nevertheless remained buoyant in the September-ended quarter because of the new measures pertaining to the capital gains tax as proposed in Budget 2004 and in anticipation of higher capital flows into the Indian market and good corporate results in the second quarter. The good news on the macro-economic front also brought cheer to the equity markets with the gross domestic product (GDP) growing by a reported 7.4 per cent in the first quarter of India's economic growth in is expected to be 5.6 per cent, driven by the buoyancy in the industrial and services sectors at expected growth rates of 6.8 per cent and 8.4 per cent respectively. This will be partially offset by the envisaged 2.5 per cent decline in farm output. Debt markets do not decline for a change The debt market witnessed high volatility because of concerns over rising inflation and speculation about an increase in domestic interest rates on the heels of the hike in the US interest rate. The CRISIL Fund~dX, the index that reflects the performance of long-term debt-oriented funds, remained more or less static for the quarter ended September The inflation rate is expected to slide from its current level of 7.8 per cent and is likely to be around 6.5 per cent by the end of this fiscal. Interest rates broke their steady upward movement towards the end of September the correction was driven by statements of a largely steady interest rate scenario from the government and the liquidity overhang. This brought some comfort to debt funds, whose valuations had been impacted so far this fiscal by rising interest rates. A key development in the debt fund segment in
2 recent times has also been the increase in the proportion of investments in floating rate income funds with investors seeking to benefit from a rising interest rate trajectory. CRISIL~CPR for the quarter CRISIL FundServices ranked 150 schemes across 8 categories on various CRISIL~CPR (Composite Performance Ranking) parameters in the quarter ended September These schemes accounted for 69 per cent of the Indian mutual fund industry s assets under management. CRISIL FundServices analyzed the performance of Equity, Income, Balanced, Gilt-Long Funds, and Monthly Income Plan (MIP) schemes over 2 years and that of Liquid, Floating Rate Funds and Income-Short schemes over a year. The key development in the quarter was a revisit of the CRISIL~CPR methodology. Among other things, CRISIL FundServices revised the computation of the superior return score by adopting a method that resolves the negative Sharpe Ratio conundrum. Also, the portfoliobased parameters have been assessed by examining the scheme s holdings in all the months of the quarter rather than the most recent quarter-ending date. CRISIL FundServices also revised the corpus size eligibility criteria for the Income and Income Short-Term categories given the relatively lower attractiveness of these categories in recent times and the expectation that this trend would continue going forward. Besides, CRISIL FundServices has introduced the Floating Rate Fund (Floater) category in the current ranking. This is the eighth category to be covered by the CRISIL~CPR. This takes cognizance of the growing popularity and relevance of floaters in recent times, especially in a scenario where there is an upward pressure on interest rates. The detailed revised methodology for the CRISIL~CPR is available at our website or it can be obtained on request from the CRISIL Rating Desk (Phone ). CRISIL FundServices s Composite Performance Rankings recognise the top performers in various investment categories available to mutual fund investors. This mutual fund performance ranking serves as a guidepost to fund investors in terms of asset allocations and in picking the better-performing schemes.
3 CRISIL CPR Fund Categories (Open End Schemes) Equity Diversified Income Income - Short Term Monthly Income Plan Liquid Gilt - Long Term Balanced Floaters CRISIL CPR Ranking Scale - Based on percentile of number of schemes considered in each category: CRISIL CPR~1 Top 10% Very Good Performance CRISIL CPR~2 Next 20% Good Performance CRISIL CPR~3 Next 40% Average Performance CRISIL CPR~4 Next 20% Below Average Performance CRISIL CPR~5 Last 10% Poor Performance
4 Category-wise Performance Equity Diversified Funds For the quarter ended September 2004, 36 schemes were eligible for the ranking in this category. DSP Merrill Lynch Opportunities Fund retained its CRISIL~CPR 1 slot. It was joined by DSP Merrill Lynch Equity Fund which moved up by one notch, together with HDFC Capital Builder Fund and Reliance Growth Fund, which moved up the ranking chart by two notches each. These schemes have improved their ranking because of their relatively higher superior return scores (CRISIL FundServices s unique measure of comparing the differential return earned by a fund vis-à-vis its volatility relative to its peers). DSP Merrill Lynch Equity Fund has performed well on the liquidity parameter, which has helped to propel its ranking. CRISIL~CPR 1 indicates Very Good Performance among the peer group. A relatively higher proportion of investments in mid-cap stocks helped to augment the performance of HDFC Capital Builder Fund and Reliance Growth Fund. During the quarter ended September 2004, HDFC Capital Builder Fund increased its exposure in the CNX MIDCAP 200 index from per cent to per cent while Reliance Growth Fund increased its exposure from per cent to per cent. The CRISIL Fund~eX, the benchmark for equity diversified funds, generated an annualised point-to-point return of per cent for the quarter. The most popular stocks among fund managers of general equity schemes in September 2004 were Infosys Technologies Ltd., Reliance Industries Ltd., State Bank of India, Grasim Industries Ltd., and Oil and Natural Gas Corporation of India (ONGC) while the most popular industry was the software services sector followed by pharmaceuticals and the banking sector. CRISIL FundServices s Popularity Index measures the propensity of a fund manager to commit a given percentage of his portfolio to a particular stock.
5 Equity Diversified Category - Quarter end September 04 Superior Industry Company CPR Jun-04 Return Concentrati Concentrat Equity Schemes Rank Change Rank Score on ion Liquidity Weightages 75% 10% 5% 10% DSP Merrill Lynch Equity Fund DSP Merrill Lynch Opportunities Fund - Growth HDFC Capital Builder Fund - Growth Reliance Growth Fund - Growth Alliance Basic Industries Fund - Growth Alliance Equity Fund - Growth Franklin India Bluechip Fund - Growth Franklin India Prima Fund - Growth HDFC Top 200 Fund - Growth Tata Pure Equity Fund - Growth UTI Growth Value Fund - Growth Cholamandalam Growth Fund - Cumulative HDFC Equity Fund - Growth HDFC Growth Fund - Growth Kotak 30 - Dividend Principal Growth Fund - Growth Prudential ICICI Power - Growth Reliance Vision Fund - Growth SBI Magnum Multiplier Plus Scheme Sundaram Growth Fund - Dividend Tata Select Equity Fund - Growth Templeton India Growth Fund - Dividend UTI Grand Master UTI Index Select Equity Fund UTI Master Growth Birla Advantage Fund - Growth Canbonus Franklin India Growth Fund 4 N.A Franklin India Prima Plus - Growth LICMF Equity Fund - Growth SBI Magnum Equity Fund UTI Master Plus Principal Equity Fund - Growth Prudential ICICI Growth Plan - Growth UTI Mastergain UTI Mastershare The next 20 per cent of the schemes in the ranking universe are clustered at CPR~2, which indicates Good Performance among the peers. While most of the schemes retained their ranking, Alliance Basic Industries Fund, HDFC Top 200 Fund, and UTI Growth Value Fund moved down the rankings to CRISIL~CPR 2 because of their relatively lower superior return scores. The CRISIL~CPR 3 cluster (which indicates Average Performance ) did not see too many changes in the rankings over the previous quarter. Tata Select Equity Fund and UTI Index Select
6 Equity Fund moved up the rankings by one notch each because of their relatively higher superior return scores. ING Vysya Select Stocks Fund has moved out of the rankings in the current quarter as its corpus level has fallen below the eligibility mark. Income Funds Twenty schemes were eligible for ranking in the Income category for the quarter ended September Principal Income Fund and Reliance Income Fund have retained their CRISIL~CPR 1 rank. In the CRISIL~CPR 2 cluster, Grindlays Super Saver Income Fund and Tata Income Fund have moved up the ranking by one notch because of a relatively higher superior return score. While the former has also done well on portfolio-related parameters such as company concentration, debt liquidity and asset quality, the latter has obtained good scores on the industry concentration parameter. CanIncome Growth Plan has entered the ranking at CRISIL~CPR 3. In the same cluster, Sundaram Bond Saver and UTI Bond Fund have moved up because of higher superior return scores, while Templeton India Income Builder Account has moved down the charts due to its relatively lower scores on almost all the parameters. Kotak Bond Wholesale and Prudential ICICI Income Plan LTP have moved out of the ranking exercise for the current quarter.
7 Income Category - Quarter end September 04 Debt Company Concentra Debt Sectoral Concentrati CPR Superior Jun-04 Return Average Debt Liquidit Debt Asset Income Schemes Rank Change Rank Score Maturity tion on y Quality Weightages 50% 10% 5% 5% 10% 20% Principal Income Fund - Growth Reliance Income Fund - Growth Birla Income Plus Plan B - Growth Grindlays Super Saver Income Fund - Inves HDFC Income Fund - Growth Tata Income Fund - Appreciation CanIncome - Growth Plan 3 N.A DSP Merrill Lynch Bond Fund - Growth JM Income Fund - Growth Sundaram Bond Saver - Growth Templeton India Income Builder Account Templeton India Income Fund - Growth UTI Bond Advantage Fund - Growth UTI Bond Fund - Growth HDFC High Interest Fund - Growth LICMF Bond Fund - Growth Prudential ICICI Income Plan - Growth SBI Magnum Income Fund - Growth Alliance Income Fund - Growth ING Vysya Income Fund - Growth Income Short-Term In the Income Short-Term category, CRISIL FundServices evaluated 17 eligible schemes for the quarter ended September Principal Income Fund Short-Term Plan and UTI Liquid Short- Term Plan continued to top the charts at CRISIL~CPR 1. Birla Bond Plus Retail and Reliance Short-Term Fund too retained their CRISIL~CPR 2 rank and were joined by LIC MF Short-Term Plan, which entered the ranking after meeting the minimum corpus eligibility criterion. In the CRISIL~CPR 3 cluster, most of the schemes retained their rankings except for Deutsche Short-Term Maturity Fund, which moved up as it had relatively higher scores on the asset size and company concentration parameters, and JM Short-Term Fund, which moved down one notch due to its relatively lower scores on the volatility, asset size and company concentration parameters. The CRISIL STBEX, which is a benchmark for short-term funds, generated point-topoint annualised returns of 2.71 per cent in this period.
8 Income - Short Term Category - Quarter end September 04 Company Sectoral CPR Chan Jun-04 Mean Volatili Asset Concentrat Concentr Asset Average Debt Short Schemes Rank ge Rank Return ty Size ion ation Quality Maturity DRP Weightages 30% 20% 5% 5% 5% 12.5% 12.5% 10% Principal Income Fund - Short Term Plan - G UTI Liquid Short Term Plan - Growth Birla Bond Plus - Retail - Growth LICMF Short Term Plan - Growth 2 N.A Reliance Short Term Fund - Growth Chola Freedom Income - Short Term Fund Deutsche Short Term Maturity Fund - Growth DSP Merrill Lynch Short Term Fund - Growth HDFC High Interest Fund - Short Term Plan JM Short Term Fund - Growth Kotak Bond Short Term Plan - Growth Prudential ICICI Short Term Plan - Growth Grindlays Super Saver Income Fund - Short HDFC Short Term Plan - Growth HSBC Income Fund - Short Term Plan - Grow SBI Magnum InstaCash - Short Term - Growt Templeton India Short Term Income Plan - G Monthly Income Plans In the MIP category, nine schemes were eligible for the ranking. FT India Monthly Income Plan retained its CRISIL~CPR 1 rank while Alliance Monthly Income and Templeton Monthly Income Plan remained at CRISIL~CPR 2. Birla Monthly Income Plan C and Tata Monthly Income Fund remained at CRISIL~CPR 3 and were joined by Prudential ICICI Monthly Income Plan, which moved up the ranking chart by one notch. The CRISIL MIPEX, the benchmark for monthly income plans, registered an annualised point-to-point return of 6.68 per cent for the quarter ended September 2004.
9 Monthly Income Plan Category - Quarter end September 04 Superior Industry Company Debt CPR Jun-04 Return Concentr Concentrat Asset Debt Equity Average MIP Schemes Rank Change Rank Score ation ion Quality Liquidity Liquidity Maturity Weightages 55% 5% 5% 15% 10%*(100-K) 10%*K 10% FT India Monthly Income Plan - Growth Alliance Monthly Income - Growth Templeton Monthly Income Plan - Growth Birla Monthly Income Plan C - Growth Prudential ICICI MIP Plan - Cumulative Tata Monthly Income Fund - Dividend - Monthl Principal MIP - Growth Accumulation Plan SBI Magnum Monthly Income Plan - Growth UTI Monthly Income Scheme - Growth 5 N.A Liquid Funds Twenty-five schemes were ranked in the liquid fund category for the quarter ended September Liquid funds have attracted considerable investor attention in recent times because of their risk and maturity profile. This category has witnessed the largest number of ranking changes among all mutual fund categories. This is largely because of the changes in the parametric weightages on concentration in fixed deposits, downside risk probability and average maturity. Templeton India Treasury Management Account retained the CRISIL~CPR 1 rank, and was joined by HDFC Cash Management Fund Savings Plan and Reliance Liquid Fund Treasury Plan. In the CRISIL~CPR 2 cluster, all the schemes changed their ranks in relation to the June quarter. Grindlays Cash Fund, HDFC Liquid Fund, Tata Liquid Fund-RIP, and UTI Liquid Cash Plan moved up a notch each to CRISIL~CPR 2 while Prudential ICICI Liquid Plan moved down one slot from its earlier rank. JM High Liquidity Fund and Sundaram Money Fund moved up by one notch to CRISIL~CPR 3 while Alliance Cash Manager Fund, Birla Cash Plus Retail and Principal CMF Liquid moved down one notch. Alliance Cash Manager Fund moved down the rankings because of its relatively lower scores on the mean, volatility, asset size and downside risk probability parameters. UTI Money Market Fund has moved out of the ranking for the current quarter as its corpus has fallen below the eligibility criterion and Templeton India Liquid Fund has been merged with Templeton India Treasury Management Account.
10 Liquid Category - Quarter end September 04 Compan Liquid Schemes CPR Rank Change Jun-04 Rank Mean Return Volatility Asset Size Average Maturity DRP Asset Quality y Concent ration Weightages 30% 20% 10% 7.5% 17.5% 10% 5% HDFC Cash Management Fund - Savings Pl Reliance Liquid Fund - Treasury Plan - Grow Templeton India Treasury Management Acc Grindlays Cash Fund - Growth HDFC Liquid Fund - Growth Prudential ICICI Liquid Plan - Growth Tata Liquid Fund - RIP - Growth UTI Liquid Cash Plan - Growth Alliance Cash Manager - Growth Birla Cash Plus - Retail - Growth Deutsche Insta Cash Plus Fund - Growth HSBC Cash Fund - Growth ING Vysya Liquid Fund - Growth JM High Liquidity Fund - Growth LICMF Liquid Fund - Growth Principal CMF - Liquid - Growth Sundaram Money Fund - Growth Chola Liquid Fund - Regular - Cumulative DSP Merrill Lynch Liquidity Fund - Growth Kotak Liquid - Growth Sahara Liquid Fund - Growth UTI Liquid Advantage Fund - Growth CanLiquid - Growth Reliance Liquid Fund - Super Cash Plan - G SBI Magnum InstaCash - Growth Gilt-Long Funds The gilt funds category was the only one to end the quarter in negative territory. The CRISIL MF-Gilt Index generated a negative annualised point-to-point return of 0.67 per cent. Fourteen gilt schemes were eligible for the CPR ranking for the quarter ended September Templeton India G-Sec Fund Long-Term Plan retained its CRISIL~CPR 1 rank while Chola Gilt Investment Cumulative and LIC MF G-Sec Fund moved up one notch each over their previous ranking to CRISIL~CPR 2. Templeton India G-Sec Fund Composite Plan moved down one notch to CRISIL~CPR 2. The ranking changes were due to changes in the schemes relative superior return scores. In the CRISIL~CPR 3 cluster, CanGilt (PGS) and Prudential ICICI Gilt Investment moved up one notch each, the former having scored well on the liquidity and average maturity parameters. Birla Gilt Plus Regular moved down by one spot to CRISIL~CPR 3.
11 Grindlays G-Sec Fund-Investment Plan and UTI Gilt Advantage Fund Long Term Plan have moved out of the ranking as their corpus levels have dropped. CRISIL CPR Rankings Gilt - Long Term Category - Quarter end September 04 Gilt Schemes CPR Rank Change Jun-04 Rank Superior Return Score Average Maturity Liquidity Weightages 70% 10% 20% Templeton India G-Sec Fund - Long Term Plan - Growth Chola Gilt Investment - Cumulative Templeton India G-Sec Fund - Composite Plan - Growth LICMF G-Sec Fund - Growth Kotak Gilt - Investment - Regular - Growth CanGilt (PGS) - Growth DSP Merrill Lynch Govt Sec Fund (Plan A) - Growth Birla Gilt Plus - Regular Plan - Growth Tata Gilt Securities Fund - Appreciation Prudential ICICI Gilt - Investment - Growth Birla Gilt Plus - PF Plan - Growth HDFC Gilt Fund - Long Term Plan - Growth UTI G-Sec Fund - Growth SBI Magnum Gilt Fund - Long Term - Growth Balanced Funds The CRISIL Fund~bX, the benchmark for balanced funds, generated annualised point-to-point returns of per cent for the quarter ended September 2004, helped by the upsurge in the equity market. Seventeen schemes were eligible for ranking in this category for the quarter ended September DSP Merrill Lynch Balanced Fund and HDFC Prudence Fund continued their reign at CRISIL~CPR 1. Prudential ICICI Balance Fund moved up by one notch to CRISIL~CPR 2. It was joined by Birla Balance Fund and FT India Balance Fund, which retained their ranks. In the CRISIL~CPR 3 cluster, GIC Balanced Fund and UTI Unit Scheme 1995 (US-95) moved up by one notch each while Alliance 95 Fund and SBI Magnum Balanced Fund moved down by one rank each. The schemes shifted ranks because of changes in their relative superior return scores. ING Vysya Balanced Fund has moved out of the ranking exercise for the current quarter since its corpus has fallen below the eligibility mark.
12 Balanced Category - Quarter end September 04 Balanced Schemes CPR Rank Change Jun-04 Rank Superior Return Score Industry Company Concentr Concentrat ation ion Debt Asset Quality Debt Liquidity Equity Liquidity Weightages 70% 10% 10% 5%*(100-K) 5%*(100-K) 10%*K DSP Merrill Lynch Balanced Fund - Growth HDFC Prudence Fund - Growth Birla Balance Fund - Growth FT India Balanced Fund - Growth Prudential ICICI Balance Fund - Growth Alliance 95 Fund - Growth GIC Balanced Fund Kotak Balance Principal Balanced Fund - Growth SBI Magnum Balanced Fund Tata Balanced Fund - Growth UTI Unit Scheme 1995 (US-95)-Growth Canganga HDFC Balanced Fund - Growth JM Balanced Fund - Growth Cantriple Sundaram Balanced Fund - Growth Floating Rate Funds CRISIL FundServices ranked 12 schemes in this category for the period ended September 30, The category reported an average point-to-point annualised return of 4.56 per cent for the 6 months ended September 30, 2004, as compared to the CRISIL Fund~dx at per cent and CRISIL MF Gilt Index at per cent in the same period. HDFC Floating Rate Income Fund Short-Term Plan Growth topped the charts at CRISIL~CPR 1 while Grindlays Floating Rate Fund Growth and Prudential ICICI Floating Rate Plan-Option B Growth ranked at CRISIL~CPR 2. Six schemes were tied at CRISIL~CPR3. These were Birla Floating Rate Fund-Long Term Growth, Birla Floating Rate Fund Short-Term Growth, DSP Merrill Lynch Floating Rate Fund Growth, Templeton Floating Rate Income Fund Long- Term Plan Growth, Templeton Floating Rate Income Fund Short-Term Plan Growth and UTI Floating Rate Fund Short-Term Plan Growth.
13 Floater Category - Quarter end September 04 CPR Mean Asset Concentrat Asset Floaters Rank Return Volatility Size ion (FDs) Quality DRP Weightages 35% 20% 10% 5% 10% 20% HDFC Floating Rate Income Fund - Sho Grindlays Floating Rate Fund - Growth Prudential ICICI Floating Rate Plan - O Birla Floating Rate Fund - Long Term Birla Floating Rate Fund - Short Term DSP Merrill Lynch Floating Rate Fund Templeton Floating Rate Income Fund Templeton Floating Rate Income Fund UTI Floating Rate Fund - STP - Growth JM Floater Fund - Short Term Plan - Gr Kotak Floater - Short Term - Growth HDFC Floating Rate Income Fund - Lon Note: An entity wishing to use the CRISIL CPR rankings in its prospectus / offer document / advertisement / promotion/ sales literature, or wishing to re-disseminate these rankings, may do so only after obtaining the written permission of the ranking entity, CRISIL FundServices, CRISIL Limited For the methodology log on to For further details on CRISIL Composite Performance Ranking (CPRs), please contact: Mr. Alok Agrawal / Sumit Mehra / Deepak Khurana CRISIL FundServices, CRISIL Limited CRISIL House, , Andheri-Kurla Road, Andheri (East), Mumbai Phone: +91 (22) to 09 Fax: +91 (22) , mfservice@crisil.com
INVESTMENT SERVICES - PRODUCTS OFFERED - July 2012*
Mutual Funds We make available to you a choice of over 270 mutual funds offered by more than 15 fund managers. Our endeavour is to provide you suitable investment solutions through wide range of investment
More informationMutual Funds. INVESTMENT SERVICES - PRODUCTS OFFERED - October 2011*
Mutual Funds We make available to you a choice of over 270 mutual funds offered by more than 15 fund managers. When you invest in mutual funds through us, you can be rest assured that they are "true-to-label",
More informationCRISIL mutual fund index returns
CRISIL Fund Monitor Mutual fund asset growth slows to 5 percent in June CRISIL mutual fund index returns Analytical contact: Krishnan Sitaraman Director CRISIL FundServices Email ksitaraman@crisil.com
More informationMarch 2015. CRISIL MutualFundRanking
March 2015 CRISIL MutualFundRanking For the quarter ended March 31, 2015 CRISIL MutualFundRanking About CRISIL Limited CRISIL is a global analytical company providing ratings, research, and risk and policy
More informationJune 2014. CRISIL MutualFundRanking
June 2014 CRISIL MutualFundRanking For the quarter ended June 30, 2014 CRISIL MutualFundRanking About CRISIL Limited CRISIL is a global analytical company providing ratings, research, and risk and policy
More informationPerformance Analysis of Growth Oriented Equity Diversified Mutual Fund Schemes Using Sortino Ratio
Performance Analysis of Growth Oriented Equity Diversified Mutual Fund Schemes Using Sortino Ratio 1 Dr. S. Poornima, Associate Professor, Department of Business Management, P.S.G.R. Krishnammal College
More informationCRISIL - AMFI Diversified Equity Fund Performance Index. Factsheet September 2015
CRISIL - AMFI Diversified Equity Fund Performance Index Factsheet September 2015 Table of Contents About the Index... 3 Features and Characteristics... 3 Methodology... 3 CRISIL - AMFI Diversified Equity
More informationWEB APPENDIX The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market
WEB APPENDIX The Impact of Shrouded Fees: Evidence from a Natural Experiment in the Indian Mutual Funds Market Santosh Anagol Wharton Hoi-kwang Kim Wharton March 24, 2011 A Overview of Indian Mutual Fund
More information1 Years 3 Years 5 Years 7 Years 10 Years
30 APRIL 2015 EQUITY FUNDS Dividend 180 Days 1 Years 3 Years 5 Years 7 Years 10 Years MF NEWS DSP BlackRock Micro Cap Fund - Gr * SBI Small & Midcap Fund - Gr * Sundaram S.M.I.L.E. Fund - Gr * Canara Robeco
More informationCRISIL - AMFI Short Term Debt Fund Performance Index. Factsheet March 2014
CRISIL - AMFI Short Term Debt Fund Performance Index Factsheet March 2014 Table of Contents About the Index... 3 Features and Characteristics... 3 Methodology... 3 CRISIL - AMFI Short Term Debt Fund Performance
More informationPERFORMANCE EVALUATION OF SELECT EQUITY FUNDS IN INDIA
PERFORMANCE EVALUATION OF SELECT EQUITY FUNDS IN INDIA DR. KUBERUDU BURLAKANTI*; RAVI VARMA CHIRUVOORI** *PROFESSOR & HEAD - DEPARTMENT OF MANAGEMENT STUDIES ANDHRA UNIVERSITY CAMPUS, KAKINADA - 533005
More informationCRISIL - AMFI ELSS Fund Performance Index. Factsheet March 2016
CRISIL - AMFI ELSS Fund Performance Index Factsheet March 2016 Table of Contents About the Index... 3 Features and Characteristics... 3 Methodology... 3 CRISIL - AMFI ELSS Fund Performance Index: Constituent
More informationSave Taxes Wisely. October 2012
Save Taxes Wisely October 2012 1 Background Salient Features of Section 80C of the Income tax Act, 1961 Section 80C of Income Tax Act, 1961 w.e.f. April 1, 2005 (A.Y. 2006-07) provides for deduction from
More informationELSS. Tax savings plus equity investment. MF Update. ICICI Securities Ltd Retail Mutual Fund Research. January 13, 2015
MF Update January 13, 215 Tax savings plus equity investment ELSS Equity linked savings schemes (ELSS) are equity diversified schemes that are eligible for tax benefits under Section 8C of the Income Tax
More informationFund Templeton India Growth Fund Fund Franklin India Flexi Cap Fund Fund Franklin India Bluechip Fund
Templeton India Growth On the first 100 crores daily net assets 2.95% On the next 300 crores daily net assets 2.70% On the next 300 crores daily net assets 2.45% On the balance of the daily net assets
More informationLiquid Funds Corpus (in Crs) Plans/ Min. Inv. Options Exit Load Fund Manager 7 Days 1 Month
Mutual Fund Recommendation Equity Funds Recommended Funds Category / Funds Corpus (in Crs) Plans/ Min. Inv. Options Exit Load Fund Manager 1 Year 3 Years Large Cap Funds Birla Sun Life Frontline Equity
More informationMutual Fund Category Analysis Banking Sector Funds
November 18, 2014 Mutual Fund Category Analysis Banking Sector Funds Key Facts: What are they? Banking Sector funds are equity oriented schemes investing predominantly in the banking stocks. Banking Category:
More informationHDFC Retirement Savings Fund
Feb 05, 2016 NFO Note HDFC Savings Fund Prologue: HDFC Mutual Fund has launched a New Fund named HDFC Savings Fund, an open ended tax savings cum pension fund. The NFO has opened for subscription on Feb
More informationICICI PRUDENTIAL MUTUAL FUND Current Expense Ratio Scheme Wise (Effective11-Jul-2016) Sr.No Scheme Name Annual Expense Ratio (%) $
ICICI PRUDENTIAL MUTUAL FUND Current Expense Ratio Scheme Wise (Effective11-Jul-2016) Sr.No Scheme Name Annual Expense Ratio (%) $ 1 ICICI Prudential Advisor Series - Long Term Savings Plan* 0.53 2 ICICI
More informationIn fixed-income, Corporate bonds deliver the best returns
In fixed-income, Corporate bonds deliver the best returns Sandeep Sabharwal Senior Director, CRISIL Research - Capital Markets January 21, 2015 1 Out and out outperformers MTM index performance, as on
More informationICICI PRUDENTIAL MUTUAL FUND Current Expense Ratio Scheme Wise (Effective20-Nov-2015) Sr.No Scheme Name Annual Expense Ratio (%) $
ICICI PRUDENTIAL MUTUAL FUND Current Expense Ratio Scheme Wise (Effective20-Nov-2015) Sr.No Scheme Name Annual Expense Ratio (%) $ 1 ICICI Prudential Advisor Series - Long Term Savings Plan - Regular Plan*
More informationWel Dlp Portfolio And Risk Management
1. In case of perfect diversification, the systematic risk is nil. Wel Dlp Portfolio And Risk Management 2. The objectives of investors while putting money in various avenues are:- (a) Safety (b) Capital
More informationCHAPTER 2 MUTUAL FUND INDUSTRY OVERVIEW
CHAPTER 2 MUTUAL FUND INDUSTRY OVERVIEW 2.1 CONCEPT OF MUTUAL FUND As defined by the Association of Mutual Funds in India (AMFI), an apex body of all registered asset management companies, Mutual Fund
More informationBIRLA SUN LIFE MUTUAL FUND Scheme Name Slabs Overall Expense Ratio Effective Date Remarks
BIRLA SUN LIFE MUTUAL FUND Scheme Name Slabs Overall Expense Ratio Effective Date Remarks Birla Sun Life Advantage Fund Birla Sun Life Advantage Fund - Direct Plan Birla Sun Life Pure Value Fund Birla
More informationDebt Mutual Funds Scenario post the Finance Bill (No.2), 2014
August 25, 2014 Debt Mutual Funds Scenario post the Finance Bill (No.2), 2014 The amendments proposed in the Union Budget 2014 on the tax provisions applicable to the non equity mutual funds have stripped
More informationSTATEMENT OF POLICY AND INVESTMENT OBJECTIVES. The University of North Carolina at Pembroke Endowment Board. and
STATEMENT OF POLICY AND INVESTMENT OBJECTIVES The University of North Carolina at Pembroke Endowment Board and The University of North Carolina at Pembroke Foundation, Inc. December 1, 2010 TABLE OF CONTENTS
More informationCRISIL MUTUAL FUND RANKING
CRISIL MUTUAL FUND RANKING CRISIL Mutual Fund Ranks for the quarter ended June 30, 2010 First time entrants lead CRISIL Mutual Fund Ranking First time entrants in the equity category bagged the top ranks
More informationMONTHLY PORTFOLIO DISCLOSURE. Portfolio as on 30-Nov-2011. ICICI Prudential Fixed Multiple Yield Fund Plan A
MONTHLY PORTFOLIO DISCLOSURE ICICI Prudential Fixed Multiple Yield Fund Plan A Sr. No. Name of the Instrument % to Net Assets of the scheme Market Value A Equity Shares 20.46% 2377.57 Index Futures 4.12%
More informationMutual Fund Category Analysis Pharma Sector Funds
November 26, 2014 Mutual Fund Category Analysis Pharma Sector Funds Key Facts: What are they? Pharma Sector funds are equity oriented schemes investing predominantly in the pharmaceutical stocks. Pharma
More information7. Foreign Investments in India
93 Foreign Investments in India ISMR 7. Foreign Investments in India Introduction From 1992, Foreign Institutional Investors (FIIs) have been allowed to invest in all securities traded on the primary and
More informationFrequently Asked Questions
Frequently Asked Questions 1. What is tax planning? Tax planning is an essential part of financial planning. Tax planning is use to reduce tax liability by optimally using the provisions of tax exemptions
More informationCombined Key Information Memorandum and Application Forms
Combined Key Information Memorandum and Application Forms Ongoing Offer: Issue of Units at Applicable NAV L&T Equity Fund An open-ended equity growth scheme L&T India Large Cap Fund An open-ended equity
More informationMutual fund: SIP vis-à-vis lump sum investment
Volume: 2, Issue: 7, 395-400 July 2015 www.allsubjectjournal.com e-issn: 2349-4182 p-issn: 2349-5979 Impact Factor: 3.762 DM Jha Msc (Ag), CAIIB, NCMP (IInd level), MBA (Finance) DM Jha Mutual fund: vis-à-vis
More informationPERFORMANCE EVALUATION OF GROWTH SCHEMES OF MUTUAL FUNDS IN INDIA - A PUBLIC PRIVATE COMPARISON
74 PERFORMANCE EVALUATION OF GROWTH SCHEMES OF MUTUAL FUNDS IN INDIA - A PUBLIC PRIVATE COMPARISON ABSTRACT SUMNINDER KAUR BAWA*; SMITI BRAR** *Senior Lecturer, Department of Commerce & Business Management
More informationPerformance of ETFs and Index Funds: a comparative analysis
POST-GRADUATE STUDENT RESEARCH PROJECT Performance of ETFs and Index Funds: a comparative analysis Prepared by S. Narend Doctoral Scholar, Department of Management Studies Indian Institute of Technology,
More informationValue Fund - Series 2
GOOD COMPANIES at DISCOUNTED PRICES OUR VALUE INVESTMENT PHILOSOPHY Value Fund - Series 2 A Close-Ended Equity Scheme NFO Period: November 18, 2013 to November 29, 2013 Contents 1 Why Equities Now? 2 Value
More informationTax Saving opportunity in Equity Linked Saving Schemes
Tax Saving opportunity in Equity Linked Saving Schemes Analyst Rachana Makhija rachana.makhija@destimoney.com Destimoney Research Why Invest in Tax-Saving Mutual Fund (ELSS) Equity linked savings schemes
More informationCRISIL Research Impact note
October 2015 Interest rate on home loans to fall 25-30 bps more: CRISIL Research RBI move to cut risk weight will benefit 70% of home loans, 80% of borrowers CRISIL Research expects interest rate on home
More informationAVIVA INVESTOR PORTFOLIO RETURNS SINCE INCEPTION FUND PERFORMANCE
AVIVA INVESTOR December,2013 IN ULIP PRODUCTS THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO SHALL BE BORNE BY THE POLICY HOLDER THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST
More informationReliance Index Fund - Sensex Plan (An Open Ended Index Linked Scheme)
ssssssssss Reliance Index Fund - Sensex Plan (An Open Ended Index Linked Scheme) Contents What does Index Fund mean? Page 2 Reasons to Invest in Index Fund Page 2 Reliance Index Fund Sensex Plan Page 2
More informationChapter 4. HDFC Mutual Fund: A Case Study
Chapter 4 HDFC Mutual Fund: A Case Study 4.1 Introduction 4.2 An Overview of Sponsor and Trustee of Company 4.3 HDFC Balanced Fund 4.4 HDFC Equity Fund 4.5 HDFC Growth Fund 4.6 HDFC Tax Saver Fund 4.7
More informationIndia's Mutual Fund Industry
India's Mutual Fund Industry Tetsuya Kamiyama I. Introduction Establishing a business base in the BRICs 1 economies has become a key business theme for the world's financial institutions, and this has
More informationThe life insurance sector
BY: DR A. MUTHUSAMY AND A. MEERA WINDS OF CHANGE MARK LIFE INSURANCE MARKET IN INDIA India is still an under-insured country and holds the 18th position in the life insurance market of the world. The life
More informationSTATEMENT 7: DEBT MANAGEMENT
STATEMENT 7: DEBT MANAGEMENT This statement discusses debt management, including maintaining the Commonwealth Government Securities (CGS) market and the proposed investment of financial assets in the Future
More informationGrowth and Development of Mutual Fund Industry with reference to Banking Sector Funds: An Indian Perspective
Growth and Development of Mutual Fund Industry with reference to Banking Sector Funds: An Indian Perspective Vijayalakshmi Sundar* *Research Assistant, Pondicherry University, Puducherry, INDIA. E- Mail:
More informationCentury SIP. SIP with Free Life Insurance Cover upto 100 Times. Birla Sun Life Asset Management Company Ltd.
Century SIP SIP with Free Life Insurance Cover upto 100 Times Human Life Cycle Phase I Phase II Phase III Child s Marriage Child s Education Housing Marriage Child birth 22 yrs Education Age- 22 yrs 38
More informationELSS. Tax savings plus equity investment. MF Update. ICICI Securities Ltd Retail Mutual Fund Research. January 5, 2016
MF Update January 5, 216 Tax savings plus equity investment ELSS Equity linked savings schemes (ELSS) are equity diversified schemes that are eligible for tax benefits under Section 8C of the Income Tax
More informationSave Taxes Wisely. November 30, 2011
Save Taxes Wisely November 30, 2011 1 Background Salient Features of Section 80C of the Income tax Act, 1961 Section 80C of Income Tax Act, 1961 w.e.f. April 1, 2005 (A.Y. 2006-07) provides for deduction
More informationWHATS IN - WHATS OUT? MUTUAL FUND UPDATE
ARIHANT capital markets ltd. WHATS IN - WHATS OUT? MUTUAL FUND UPDATE Contents What s in - WHAT S OUT TOP PICKS OF THE MONTH MAJOR REDUCTIONS POPULAR STOCKS ACCROSS FUNDS CASH RICH FUNDS Visit us at: www.arihantcapital.com
More informationHow To Choose a Mutual Fund? A Step-by-Step Guide. Pattu freefincal.wordpress.com
How To Choose a Mutual Fund? A Step-by-Step Guide Pattu freefincal.wordpress.com Disclaimer I am sharing with you the method I use to choose MFs. I cannot be held responsible for the decisions you make
More informationThe Indian institutes available on MONEY MONITOR are as follows:
The Indian institutes available on MONEY MONITOR are as follows: S. No. Institute Type Institute 1 Bank - Corporate YES BANK (Corporate) (India) - Bank 2 Bank - Corporate Axis Bank (Corporate) (India)
More informationFunds in Court Information Guide INVESTMENT RISKS
Funds in Court Information Guide INVESTMENT RISKS NOTE: The information in this document is for information purposes only. The information is not intended to be and does not constitute financial advice
More informationPerformance Evaluation Of Indian Equity Mutual Fund Schemes
Performance Evaluation Of Indian Equity Mutual Fund Schemes Dr. J K Raju, Associate Professor, Institute of Management Studies, Davangere, India Mr. Manjunath B R, Research Scholar & Faculty, Bapuji B-Schools,
More informationNFO PERIOD DECEMBER 31, 2015 MARCH
This product is suitable for investors who are seeking: Capital appreciation over a period of 10 years. Investment in equity and equity related instruments of companies along with income tax benefit under
More informationA to Z of MUTUAL FUNDS An Ideal Investment Option for Investors
A to Z of MUTUAL FUNDS An Ideal Investment Option for Investors Dr. (CA) Geeta Das* The article presents an insight of the mutual fund industry in India, its development since inception with UTI, entry
More informationOnline Investments. Our Fund Range and Investments
Online Investments Our Fund Range and Investments Why is it important to read this document? This document explains the funds available for you to invest in through our Investment ISA, which is a Stocks
More information(YELLOW) investors understand that their principal will be at medium risk. (BLUE) investors understand that their principal will be at low risk
NFO Opens: 10 th March 2015 NFO Closes: 24 th March 2015 Scheme Re-Opens: On or before 10 th April 2015 This product is suitable for investors who are seeking*: Income and capital appreciation Dynamic
More informationUNDERSTANDING PARTICIPATING WHOLE LIFE INSURANCE
UNDERSTANDING PARTICIPATING WHOLE LIFE INSURANCE equimax CLIENT GUIDE ABOUT EQUITABLE LIFE OF CANADA Equitable Life is one of Canada s largest mutual life insurance companies. For generations we ve provided
More informationThe Asset. Allocation Guide To. Wealth Creation. Absolute Return. Gold. Vehicle. Real Estate. Tax. An Investor Education Initiative by.
The Asset Allocation Guide To Wealth Creation Real Estate Cash Reserves Vehicle Education Gold Tax Funds Food Car Equities Bonds House Precious Metals Fixed Income Natural Resources Absolute Return Understanding
More informationINDIAN STOCK MARKET - THE PRESENT SCENARIO
CHAPTER III INDIAN STOCK MARKET - THE PRESENT SCENARIO 3.1 Introduction Capital market is the centre or arrangement that provides facilities for buying and selling of long-term financial claims. It is
More informationCanara Robeco Yield Advantage Fund Canara Robeco Medium Term Opportunities Fund
0 Open Ended Equity / Hybrid Schemes Canara Robeco Infrastructure Canara Robeco Balance Canara Robeco F.O.R.C.E Fund Canara Robeco Equity Diversified Canara Robeco Emerging Equities Canara Robeco Equity
More informationRETIREMENT INSIGHTS. Is It Time to Rebalance Your Plan Investments? Mutual Fund Categories: A Primer for New Investors
RETIREMENT INSIGHTS July 2014 Your HFS Team Heffernan Financial Services 188 Spear Street, Suite 550 San Francisco, CA 94105 800-437-0045 rebeccat@heffgroup.com www.heffgroupfs.com CA Insurance Lic# 0I18899
More informationHSBC Mid-month Equity Investment Strategy. Release Date: 23 March 2012 For distributor / broker use only
HSBC Mid-month Equity Investment Strategy Release Date: 23 March 2012 For distributor / broker use only 2 Market Performance Market remained broadly flat awaiting cues from the monetary policy and the
More informationInvest in Tax-Saving Mutual Fund (ELSS)
Invest in Tax-Saving Mutual Fund (ELSS) Sec 80C Tax Benefit Details Sec 80C of the Income Tax Act, 1961 Sl. No. Salient Features 1. Section 80C of Income Tax Act, 1961 w.e.f. April 1, 2005 (A.Y. 2006-07)
More informationDIRECTORS REPORT FINANCIAL RESULTS MASTEK LIMITED
Mastek Limited 42 Mastek Annual Report 2007-2008 DIRECTORS REPORT To the Members, Your Directors have immense pleasure in presenting the 26th Annual Report and Audited Statement of Accounts of Mastek for
More informationHelping you to achieve your financial goals
Indian fund guide Not for distribution in Hong Kong or Singapore. Helping you to achieve your financial goals Our research 1 suggests that most Indian expatriates have three key financial goals; the purchase
More informationReliance Dual Advantage Fixed Tenure Fund IV Plan C
Reliance Dual Advantage Fixed Tenure Fund IV Plan C (A Close Ended Hybrid Scheme) NFO Opens: 17 th September 2013 NFO Closes: 30 th September 2013 NFO Price: Rs.10 Per Unit Reliance Dual Advantage Fixed
More informationInvestment options and risk
Investment options and risk Issued 1 November 2013 The information in this document forms part of the Product Disclosure Statement for the Public Sector Superannuation Scheme (PSS), seventh edition, issued
More informationMML SERIES INVESTMENT FUND
This Prospectus describes the following Funds. MML SERIES INVESTMENT FUND MML Money Market Fund seeks to maximize current income, preserve capital and maintain liquidity by investing in money market instruments.
More informationCONTENTS. 2 March 2016 Intouch mutually
March 2016 CONTENTS page NO. MARKET REVIEW... 3 HDFC GRoWTH FunD... 4 HDFC EquITy FunD... 5 HDFC Top 200 FunD... 6 HDFC CApITAl BuIlDER FunD... 7 HDFC CoRE & SATEllITE FunD... 8 HDFC premier MulTI-CAp
More informationwww.medirectbank.be Quarterly Report Wealth Management All content 2016 MeDirect More information visit www.medirectbank.be July - September 2015
www.medirectbank.be Quarterly Report Wealth Management July - September 2015 All content 2016 MeDirect More information visit www.medirectbank.be In a volatile year such as 2015, a good asset manager proves
More informationReliance Mutual Fund - R*Shares NV20 ETF (an open ended Index Exchange Traded Fund) [Rajiv Gandhi Equity Savings Scheme (RGESS) qualified scheme]
Reliance Mutual Fund - R*Shares NV20 ETF (an open ended Index Exchange Traded Fund) [Rajiv Gandhi Equity Savings Scheme (RGESS) qualified scheme] NFO Opens : 11-June-2015 NFO Closes : 12-June-2015 Offer
More informationTaxation of Income and Capital Gains from Mutual Fund Units
Taxation of Income and Capital Gains from Mutual Fund Units Types of Mutual Fund Schemes 1. Equity (a) Index Fund (b) Large Cap Fund (c) Small Cap Fund (d) Mid Cap Fund (e) Arbitrage Fund (f) Sector Specific
More informationAn evaluation of equity diversified mutual funds: the case of the Indian market
Rajesh R. Duggimpudi (UK), Hussein A. Abdou (UK), Mohamed Zaki (UK) An evaluation of equity diversified mutual funds: the case of the Indian market Abstract The mutual funds industry grew successfully
More informationCOMBINED SCHEME INFORMATION DOCUMENT EQUITY SCHEMES OF KOTAK MAHINDRA MUTUAL FUND
COMBINED SCHEME INFORMATION DOCUMENT EQUITY SCHEMES OF KOTAK MAHINDRA MUTUAL FUND Continuous Offer of units of all schemes available at NAV bases prices Name of Scheme Kotak Mahindra 50 Unit Scheme Type
More informationStatement of Investment Policy. Alabama College Education Savings Program (ACES) Trust Fund. The CollegeCounts 529 Fund
Statement of Investment Policy Alabama College Education Savings Program (ACES) Trust Fund The CollegeCounts 529 Fund Approved by the Board of Directors November 19, 2014 1 Authority and Purpose The Alabama
More informationTATA PORTFOLIO MANAGEMENT SERVICES
TATA PORTFOLIO MANAGEMENT SERVICES For Private Circulation TATA ASSET MANAGEMENT LTD. THE TATA GROUP One of India s largest business Group Diverse businesses in 7 sectors Operations in over 80 countries
More informationThank You Investors!
Monthly Factsheet December 2014 Thank You Investors! Over 2 Million investors AMC s presence in 3 countries Vast presence with over 38000 distributors and over 100 branches When the dream of one becomes
More informationMindTree Limited Balance sheet
Balance sheet Schedule Dec 31, 2010 March 31, 2010 SOURCES OF FUNDS Shareholders' funds Share capital 1 399 395 Share application money - - Reserves and surplus 2 7,001 6,065 7,400 6,460 Loan funds Unsecured
More informationMUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
Scan QR Code with your mobile and learn more. If you don t have the QR reader, simply download one of the many free applications available for your handset!!! Factsheet February 2013 Discover the 5 advantages
More informationProspectus Socially Responsible Funds
Prospectus Socially Responsible Funds Calvert Social Investment Fund (CSIF) Balanced Portfolio Equity Portfolio Enhanced Equity Portfolio Bond Portfolio Money Market Portfolio Calvert Social Index Fund
More informationShares Mutual funds Structured bonds Bonds Cash money, deposits
FINANCIAL INSTRUMENTS AND RELATED RISKS This description of investment risks is intended for you. The professionals of AB bank Finasta have strived to understandably introduce you the main financial instruments
More informationChapter - VI FUND UTILISATION OF LIFE INSURANCE COMPANIES
Chapter - VI FUND UTILISATION OF LIFE INSURANCE COMPANIES The previous chapters have given the details pertaining to the direct and indirect funding made by LIC in Kerala, the sector wise and industry
More informationDETERMINATION OF INTEREST RATE ARBITRAGE ACROSS MARKETS IN INDIA
SRJIS/Sameer Anvekar & Prakash Salvi. (170179) DETERMINATION OF INTEREST RATE ARBITRAGE ACROSS MARKETS IN INDIA Samir Anvekar Research Student, Department of Economics, University of Mumbai. Prakash Salvi.
More informationCurrent account deficit -10. Private sector Other public* Official reserve assets
Australian Capital Flows and the financial Crisis Introduction For many years, Australia s high level of investment relative to savings has been supported by net foreign capital inflow. This net capital
More informationCHAPTER VII SUMMARY, FINDINGS AND CONCLUSION
CHAPTER VII SUMMARY, FINDINGS AND CONCLUSION Mobilization, allocation and channeling of savings along with the risk management system contribute for the development of a financial market. Matured financial
More informationInvestment options and risk
ADF Super Australian Defence Force Superannuation Investment options and Issued 2 June 2016 The information in this document forms part of the Product Disclosure Statement for the Australian Defence Force
More informationThe table below shows Capita Asset Services forecast of the expected movement in medium term interest rates:
Annex A Forecast of interest rates as at September 2015 The table below shows Capita Asset Services forecast of the expected movement in medium term interest rates: NOW Sep-15 Dec-15 Mar-16 Jun-16 Sep-16
More informationCHAPTER 5 FINANCIAL REPORTING PRACTICES OF LIFE INSURANCE COMPANIES
CHAPTER 5 FINANCIAL REPORTING PRACTICES OF LIFE INSURANCE COMPANIES CHAPTER 5 FINANCIAL REPORTING PRACTICES OF LIFE INSURANCE COMPANIES Life Insurance Corporation of India (LIC) was a sole player in the
More informationFIRST ASSET DIVERSIFIED CONVERTIBLE DEBENTURE FUND. Annual Management Report of Fund Performance for the year ended December 31, 2011
FIRST ASSET DIVERSIFIED CONVERTIBLE DEBENTURE FUND Annual Management Report of Fund Performance for the year ended December 31, 2011 Fund: First Asset Diversified Convertible Debenture Fund Securities:
More informationMoney Simplified. By Team Wealth Management
Money Simplified By Team Wealth Management Financial Planning Bringing On To Your Finger Tips What? Certainly not a budget preparation as we think Why? To make your money work for you When? Now! Already
More informationMorgan Stanley Reports $928 Million in Second Quarter Earnings
Contact: Investor Relations Media Relations William Pike Ray O Rourke 212-761-0008 212-761-4262 For Immediate Release Morgan Stanley Reports $928 Million in Second Quarter Earnings NEW YORK, June 22, 2005
More informationfolios have been opened in Invest Today!! Call us on 1800 300 11111 www.reliancemutual.com SMS ELSS to 561617
Tax Saver (ELSS) Fund (An open ended Equity Linked Savings ) 9 lakh * folios have been opened in Tax Saver (ELSS) Fund Invest Today!! Tax saving Growth potential Call us on 1800 300 11111 www.reliancemutual.com
More informationCommon Key Information Memorandum for Debt and Liquid Schemes / Plans
Common Key Information Memorandum for Debt and Liquid Schemes / Plans HSBC MIP (HMIP) An open-ended Fund with Regular and Savings Plan Monthly Income is not assured and is subject to the availability of
More informationRISKS IN MUTUAL FUND INVESTMENTS
RISKS IN MUTUAL FUND INVESTMENTS Classification of Investors Investors can be classified based on their Risk Tolerance Levels : Low Risk Tolerance Moderate Risk Tolerance High Risk Tolerance Fund Classification
More informationCRISIL Methodology for rating Life Insurance Companies. Tarun Bhatia Head Financial Sector Ratings
CRISIL Methodology for rating Life Insurance Companies Tarun Bhatia Head Financial Sector Ratings August 3, 2007 2. CRISIL Background First Rating Agency in India Largest Rating Agency outside of USA (fourth
More informationFranklin Templeton Mutual Fund
Franklin Templeton Mutual Fund Trustee Report to Investors Dear Investor, The Directors of the Trustee Company have the pleasure of presenting before you the Fourteenth Annual Report of Franklin Templeton
More informationCONSOLIDATED SCHEME INFORMATION DOCUMENT OF: This Product is suitable for investors who are seeking*:
CONSOLIDATED SCHEME INFORMATION DOCUMENT OF: Name/ Type of the Scheme ICICI Prudential Monthly Income Plan (Monthly Income is not assured and is subject to availability of distributable surplus) Open Ended
More informationMutual Fund Investing Exam Study Guide
Mutual Fund Investing Exam Study Guide This document contains the questions that will be included in the final exam, in the order that they will be asked. When you have studied the course materials, reviewed
More information