Birla Sun Life Mutual Fund has launched two new funds as Birla Sun Life Capital Protection Oriented Fund – Series 3 and Birla Sun Life Capital Protection Oriented Fund – Series 4, a close ended capital protection oriented schemes with the duration of 36 months from the date of allotment of units.
Motilal Oswal MF launches MOSt Shares M100 ETF ), an open ended Index Exchange Traded Fund, that seeks investment return that corresponds (before fees and expenses) to the performance of the CNX Midcap Index (Underlying Index), subject to tracking error.
Nitin Rakesh, CEO and MD of Motilal Oswal Asset Management Company feels that the market will be very volatile and get stuck in the range between 8-10%.
Equity diversified NAVs ended higher with advance:decline ratio of 216:37 as the Equity benchmarks showed strong pull back in last minutes of trade to end flat led by short covering.
Mutual funds have witnessed double digit declines in their NAVs over the last two months. CNBC-TV18’s Avni Raja analyses the best and the worst performing funds.
In an interview with CNBC-TV18, A Balasubramanian of Birla Sun Life said it is good idea to stick to fixed income asset class considering the volatile economic scenario we are currently facing.
Chaitanya Pande of ICICI Prudential AMC says investing in gold ETFs is one way of participating in an asset class. “More than a return based investment, gold is more a hedge, and therefore increasingly an essential part of your investment portfolio."
There are a few ways how you can invest in a mutual fund online.
SBI Mutual Funds increased its weightage in information technology, banking & financial services and metals & mining space, while decreased its exposure in engineering & capital goods, utilities and oil & gas space.
Franklin Templeton Asset Management has enhanced its exposure in the metals & mining, information technology and consumer non-durables space, while reduced its exposure in the banking & financial services, engineering & capital goods and media & entertainment space.
Equity diversified NAVs decline sharply with advance:decline ratio of 0:254 as the Equity benchmarks saw a free-fall on Monday and kicked off the second week of 2011 on a bearish note, dragged down by sectors like capital goods, oil & gas, financial, metal and realty.
Exchange traded funds (ETFs) were the only asset group that saw growth in 2010. Sanjiv Shah of Benchmark Asset Management, in an exclusive interview with CNBC-TV18 says that he expects the ETF to continue to grow in 2011. “I expect to see 80% growth in ETFs in 2011,” he says.
Birla Sun Life Mutual Fund has announced dividends in Birla Sun Life Midcap Fund – Plan A, Birla Sun Life Freedom Fund and Birla Sun Life India GenNext Fund, for which the record date is January 14, 2011.
Franklin India Taxshield has announced a dividend, for which the record date is on January 14, 2011.
In an interview with CNBC-TV18, Vetri Subramaniam, Head Equity Funds at Religare Mutual Fund points out the setbacks have been on the macro level in recent weeks.
Equity diversified NAVs ended sharply lower with advance:decline ratio of 3:252 as the Equity benchmarks saw a big carnage on Friday and it was the biggest sell-off seen by Dalal Street after a long time, offloading a bit of exposure by foreign institutional investors.
It was a rough year, 2010, for mutual funds. Fund houses are still struggling to adapt to the no-entry load ban. So how will 2011 shape up. Ashu Suyash of Fidelity International expects mutual funds to do really well this year. Investors likely to come back to equities this year, he said.
In an interview to CNBC-TV18, he said there might be an earnings growth of 18-20% in FY12. He raised concern on high inflation and demand pressure that could be dampener to earnings.
Experts are maintaining a bearish outlook on Indian market as it is going signs of weakness. However, some feel that Indian markets have steam left to sustain long term bruises.
In an exclusive interview with CNBC-TV18, IV Subramanium of Quantum AMC shares his market outlook for 2011. He sees large headwinds, largely, from liquidity, in terms of interest rates moving up. He also sees Inflation numbers to be high and oil to be big issues this year.
In an interview to CNBC-TV18, Sunil Singhania, Senior Vice President -Equity at Reliance Capital said that recovery in global economy is a major problem for India. He sees the recently unearthed scams as just an excuse for market correction. According to him, commodity and oil price are risky for Indian markets.
R Sukumar, MD and Chief Investment Officer at Franklin Asian equities of Franklin Templeton Investments expects the second half of 2011 to be better for the Indian markets. Currently, he said structural changes have been causing negative flows for mutual funds.
Equity diversified NAVs ended lower with advance:decline ratio of 4:253. Benchmarks saw a profit taking on Wednesday on the back of sell-off in financial, auto, metal, realty, telecom and capital goods companies' shares.
Tata Mutual Fund has announced a dividend under Tata Equity P/E Fund - Trigger Option A – 5%, for which the record date has been fixed has January 10, 2011.
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