NFO Review: Union KBC Liquid Fund

Union KBC has announced to launch its first debt fund -Union KBC Liquid Fund. It is an open ended liquid scheme. Overall, it will be second fund after Union KBC Equity Fund.

Investment objective and strategy: The objective of the scheme will be to provide reasonable returns commensurate with lower risk and high level of liquidity through a portfolio of money market and debt securities. As per the investment strategy, the Fund Manager may invest upto 100% in money market and debt instruments with maturities upto 91 days.

Fund Manager: Mr. Devesh Thacker will be the Fund Manager. He has done MBA (Finance) and has an overall work experience of 11 years in Fund Management and Banking Industry.

Fund House: Union KBC Asset Management is a joint-venture between Union Bank of India, a leading Nationalised Bank in India and KBC Asset Management, the asset manager of Belgium-based Bancassurer, KBC Group.
Union Bank of India has around 3,000 branches in the country with a customer base of about 3 crores. For this product, the fund house will be targeting the Union Bank customer base through its branch networks.
KBC Asset Management is mainly active in its home markets of Belgium and Central and Eastern Europe.

Basic Details:
NFO Opens: June 14, 2011
NFO Closes: June 14, 2011
NFO Price: Rs.10/-
Options: Growth and Dividend
Minimum Application Amount: Rs.5000
Exit Load: NIL
Benchmark: CRISIL Liquid Fund Index
Fund Manager: Mr. Devesh Thacker

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Get your basics right before Buying a house

Fall In Interest Rates, Property Prices Makes It Tempting To Invest In A House, But Do A Reality Check WITH interest rates on a downward spiral and prospects of getting a good deal on a house, the real estate sector could witness some buying in the coming months. Though property consultants recommend waiting for a few months for the right price, some home seekers may be tempted to kick off their house hunting expedition soon. Time for short listing While there is no need to rush into a decision, you can start looking out for a house right away. Once the market bottoms out, home-seekers will start making a beeline for properties and loans. If you have identified your ideal home beforehand, you will be a step ahead. You can jump at the earliest opportunity available — in terms of price and interest rate. Lack of buying activity means that the market is skewed towards the buyer at the moment. You can start quoting a price that seems reasonable to you. Try quoting a price that ...

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