Mutual Funds Newsletter - February 24 to 28, 2014

It also provides tax benefits under Section 80CCG for the investors and is aimed to inculcate retail participation in the domestic market

March 01, 2014 2:05 IST | India Infoline News Service
Domestic News

LIC Nomura MF launches RGESS Fund-Series II
LIC Nomura Mutual Fund announces the launch of ‘Rajiv Gandhi Equity Savings Scheme Fund- Series II’ (RGESS), a close ended equity oriented scheme investing in BSE 100 AND CNX 100 stocks. It also provides tax benefits under Section 80CCG for the investors and is aimed to inculcate retail participation in the domestic market.

The Income Tax benefit is available to the investors of LICNMF RGESS Series-2 under Demat account mode. The New Fund Offer (NFO) is open for subscription from 28th February, 2014 and will close on 14th March, 2014. The minimum investment is Rs 5000 and thereafter in multiples of Re 1... Read more

Birla Sun Life MF launches Focused Equity Fund–Series 2
Birla Sun Life Asset Management Company Limited, a part of Aditya Birla Financial Services Group (ABFSG), and investment manager for Birla Sun Life Mutual Fund (BSLMF), announced the launch of the Birla Sun Life Focused Equity Fund – Series 2, a close-ended Equity Scheme investing in Eligible Securities as per Rajiv Gandhi Equity Savings Scheme, 2013.

The fund will invest in the equity securities specified as ‘eligible securities’ under the RGESS guidelines which include equity shares of (a) companies falling in list of BSE 100 and CNX 100 and (b) PSUs which are categorized as Navratna, Maharatna or Miniratna by the Central Government. 
Speaking on the launch of the scheme, A. Balasubramanian, CEO, Birla Sun Life Asset Management Company Limited said, “The RGESS structure encourages discipline to stay invested in equities for investors who are new to Mutual Funds,”... Read more

Deutsche Asset Management launches Fixed Maturity Plan Series
The objective of the DWS Fixed Maturity Plan – Series 52, 53, 54, 55 and 56 series is to generate income by investing in debt and money market instruments maturing on or before the date of the maturity of the Scheme. The schemes will invest predominantly in Commercial Papers, Non Convertible Debentures (NCD)/Bonds. The benchmark, minimum investment and entry & exit load are the same for all above mentioned schemes. The benchmark is CRISIL Short Term Bond Fund Index. Minimum investment: Rs. 5000 per application. There is zero Entry and Exit Load during the NFO period... Read more

ICICI Pru AMC launches Value Fund Series 3
ICICI Prudential Asset Management Company announced the launch of ICICI Prudential Value Fund Series 3, a closed ended equity fund that focuses on investing in stocks that trade at a discount to their true value. The fund will be a third in a series of 3 from the theme of ‘value investing’. The stocks picked for the funds will be identified through the process of fundamental analysis. The fund aims at adopting the ‘value investing’ approach where low priced stocks with justifiable higher fundamentals are identified and invested in with the aim of long – term capital appreciation. ICICI Prudential AMC as an investment house believes that the market is favourable towards value picks in the long – term... Read more

Kotak MF launches Medium Term Fund
Kotak Mutual Fund, one of the leading mutual fund houses in India, is launching a new fund called – The Kotak Medium Term Fund. The New Fund Offer period will be from 28th February, 2014 to 13th March, 2014. It is an open ended debt scheme which seeks to generate regular income and capital appreciation by investing in a portfolio of medium term debt and money market instruments. The fund will optimize returns by keeping its portfolio weighted average maturity between 3 and 7 years.
Kotak Medium Term Fund is suitable for conservative investors who seek regular income over a medium term horizon and want to benefit from potential easing of inflation over medium to long term. This scheme aims to achieve better tax efficiency than conventional deposits...
Read more

International News

Europe's ETF market is staging a comeback
Reports of the death of the European exchange-traded fund (ETF) market are greatly exaggerated, following a dramatic fall in growth in 2013. An evolving distribution landscape and an increasingly cost conscious investor base could revive the sector's fortunes, according to the February edition of The Cerulli Edge-European Monthly Product Trends.

Last year, net new flows (NNF) to European ETFs slumped 25% to €13.8 billion (US$18.9 billion), down from the €19 billion seen in 2012. It was a far cry from the heady days of 2008 when inflows hit more than €52 billion.

"Those predicting the European ETF market's demise say it only prospered as a result of the financial crisis as investors fled derivatives and sought the relative safety of ETFs as a fast and effective way of gaining exposure to an index," noted Barbara Wall, Cerulli's Europe research director... Read more


Which is the best performing mutual fund now?
During my TV interviews, either the anchor or one of the callers will surely ask the question, “Which is the best performing mutual fund now?” There is not a single show in which the question about best performing mutual fund is not asked.

Everyone is interested in knowing which is the best performing mutual fund now. The reason behind this is they would like to check whether the scheme in which they have already invested is the part of the best performing mutual fund schemes or not. If it is not the part of best performing mutual fund, they would like to switch their investments to the current best performing mutual fund.

There are so many websites which rate the mutual fund schemes, list down the best performing mutual fund schemes in each and every category... Read more

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