Wednesday, January 5, 2011

Mutual funds’ AUM drops 5% in October-December quarter

The average assets under management of the mutual fund industry declined by a hefty 5% during the October-December quarter , with country’s largest fund house Reliance MF’s assets shrinking by over Rs 5,000 crore.

The industry’s AUM fell by Rs 37,904 crore, or 5.31%, in October-December period. The combined average AUM of 40 fund houses stood at Rs 6,75,376.97 crore at the end of December, according to industry body Amfi.

At the end of December 2010, the AUM of Reliance Mutual Fund stood at Rs 1,02,066.21 crore, a decline of Rs 5,682.32 crore or 5.27% from the assets managed in September-end.

HDFC MF also saw its asset base shrink by Rs 5,222 crore, or 5.61%, to Rs 87,883.09 crore. ICICI Prudential MF’s assets declined by Rs 3,886 crore, or 5.57%, to Rs 65,841 crore. Among the other fund houses, UTI MF’s assets fell by 3.29% to Rs 65,387 crore and LIC MF’s by 5% to Rs 18,695 crore.

However, a few fund houses, like Axis MF, Benchmark MF, Fidelity MF, Mirae Asset MF and Pramerica MF, among others, saw their assets rise in the range of 4-75% during this period.

Mirae Asset Global Investments (India) chief executive Arindam Ghosh said, “We have introduced different product mix during the December quarter. This has led to an increase in inflows into several schemes. We mostly have equity funds.”

Source: http://economictimes.indiatimes.com/markets/stocks/market-news/mutual-funds-aum-drops-5-in-october-december-quarter/articleshow/7220422.cms

Tata MF announces dividend under Tata Equity P/E Fund (Dividend Trigger Option A-5%)

Tata Mutual Fund has announced 10 January 2011 as the record date for declaration of dividend under Tata Equity P/E Fund (Dividend Trigger Option A-5%) on the face value of Rs. 10 per unit.

The fund house has decided to distribute Rs. 1.75 per unit as dividend on the record date. The scheme recorded NAV of Rs. 40.6090 per unit as on 3 January 2011.

Tata Equity P/E Fund (Dividend Trigger Option A-5%) is an open ended equity fund. The investment objective is to provide reasonable & regular income alongwith possible capital appreciation to its unitholders.

Source: http://www.indiainfoline.com/Markets/News/Tata-MF-announces-dividend-under-Tata-Equity-PE-Fund-Dividend-Trigger-Option-A-5-percent-/3469840759

Sundaram PSU Opprtunities Fund declares maiden dividend

Sundaram Mutual Fund has declared a maiden dividend of 10% (Rs 1.0 per unit on a face value of Rs 10) under the dividend option of Sundaram PSU Opprtunities Fund. The record date for dividend has been fixed as January 07, 2011.

All investors registered under the dividend option of Sundaram PSU Opprtunities Fund as on January 07, 2011will receive the dividend. The NAV of the scheme as on January 03, 2011 is Rs 11.855 per unit.

Sundaram PSU Opprtunities Fund is an open ended equity scheme. The primary investment objective of the scheme is to generate consistent long term returns by investing predominantly in equity / equity related instruments of public sector companies.

Source: http://www.moneycontrol.com/news/mf-news/sundaram-psu-opprtunities-fund-declares-maiden-dividend_510209.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)