Monday, April 4, 2011

Average AUM OF MF Declines by 2.86% in March 2011

Average assets under management (AAUM) of the mutual fund (MF) industry declined by 2.86% or by Rs 19345.26 crore to Rs 6.56 lakh crore during the fourth quarter of the Financial Year (FY) 2011 compared with the third quarter of the same FY.

The fall has been attributed due the decline in the equity market during the month of January and February 2011. On the other hand there had been some redemption from the debt schemes by the corporate and banks to meet their financial year end commitments during the month of March. However, the weak equity markets resulted investors to buy equity funds at cheap NAV, leading inflows into equity funds. The tight liquidity condition pushed the short term terms, which was utilized by the mutual fund industry to come out with more fixed maturity plans and high inflows were witnessed from this segment in the last couple of months.

Among the top five fund houses based on AAUM, Reliance and HDFC Mutual Fund faced marginal decline, while ICICI Prudential, UTI and Birla Sun Life Mutual Fund witnessed rise.

Reliance Mutual Fund, the largest fund house in India, saw a decline of Rs 489.60 crore or by 0.48% to Rs 1.01 lakh crore. HDFC Mutual Fund - the second largest fund saw a fall of Rs 1600.85 crore or by 1.82% to Rs 86282.24 crore.

Average assets of ICICI Prudential Mutual Fund surged by Rs 7625.23 crore (by 11.58%) to Rs 73466.11 crore, Birla Sun Life Mutual Fund surged by Rs 6006.73 crore (10.41%) to Rs 63696.20 crore and UTI Mutual Fund climbed by Rs 1801.59 crore (2.76%) to Rs 67188.83 crore.

Fund houses such as Peerless, IDBI and Axis Mutual Fund witnessed highest surge in AAUM by 82.26%, 71.80% and 65.60% respectively.

Source: http://www.adityabirlamoney.com/news/467045/10/22,24/Mutual-Funds-Reports/AAUM-OF-MF-Declines-by-2-86-in-March-2011-

Sundaram MF Declares Dividend For S.M.I.L.E Fund

Sundaram Mutual Fund has announced the declaration of dividend on the face value of Rs 10 per unit under dividend option of Sundaram S.M.I.L.E Fund. The record date for dividend has been fixed as 8 April 2011.

The quantum of dividend will be Rs 1.00 per unit as on the record date. The NAV for retail option was at Rs 12.0626 per unit and Rs 12.2024 per unit for institutional option as on 1 April 2011.

Sundaram S.M.I.L.E Fund is an open-end equity scheme. The investment objective of the scheme is to primarily achieve capital appreciation by investing in diversified stocks that are generally termed as small and mid-caps and by investing in other equities.

Source: http://www.adityabirlamoney.com/news/467085/10/22,24/Mutual-Funds-Reports/Sundaram-MF-Declares-Dividend-For-S-M-I-L-E-Fund

Franklin Templeton MF Announces Change in Fund Manager

Franklin Templeton Mutual Fund has announced that Mr. Anil Prabhudas will be the co-fund manager for the equity portfolios of the following schemes, along with Mr. Anand Radhakrishnan effective 1 April 2011:

Franklin Templeton Capital Safety Fund, Franklin Templeton Capital Protection Oriented Fund, Franklin Templeton Fixed Tenure Fund - Series VI, Series VIII, Series IX, Series X, Series XII, Series XIII, Series XIV & Series XV.

Source: http://www.adityabirlamoney.com/news/467031/10/22,24/Mutual-Funds-Reports/Franklin-Templeton-MF-Announces-Change-in-Fund-Manager

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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)