Prajna Capital - An Investment Guide

  Reliance Banking Fund is still the top performer (under the sector specific fund category) among the various mutual fund schemes launched by reliance mutual fund.   Type of Scheme : Open Ended Banking Sector Scheme   Investment Objective:   The main objective of the scheme is to generate income by primarily investing in equities / equity related fixed income securities of the banks. The fund will invest in banking equities only when the stocks are expected to perform well. If the stocks are not expected to perform well, the scheme will invest in debt and money market instruments.   Asset Allocation:   Equity / Equity related instruments – 0 to 100% Debt and Money Market Instruments – 0 to 100%   Types of Plans Available: ·                            Retail ·                            Institutional ·                              Both the plans have the following Options: Dividend Option – Dividend Payout or Dividend Reinvestment Growth Option – Growth Option ...

Name: HSBC MIP Savings Plan-Growth Type: Open-Ended Debt-MIP Fund Manager: Mr. Shailendra Jhingan, Mr. Jitendra Sriram & Mr. Viresh Mehta Inception Date: February 13, 2004 Monthly Income Plan (MIP) are the marginal equity funds that provides a conservative investors the stability of debt and growth potential of equities. In MIPs, typically a large portion (75-100%) of the fund is invested in debt and money market instruments and the rest in equity. MIPs are typically suitable for investors who want to largely play it safe, but don't mind taking a little risk in order to increase the potential returns than pure income/debt funds would provide. HSBC MIP is an open-ended income scheme with the primary objective to seek generation of reasonable income through investments in debt and money market instruments. The secondary objective of the scheme is to invest in equity and equity related instruments to seek capital appreciation. The scheme's savings plan is aggressive in its ...

The company makes metal forming and transmission parts for the auto sector. They have 17 plants. In Q1, they have posted topline of Rs 215 crore and EPS of close to about Rs 16. If one extrapolates the same, they have posted an EPS Rs 64-65 for FY12 that translates into a PE multiple of 4.2-4.3. The price to book is less than 1. The total enterprise value of the company is about Rs 310-315 crore. This is because they have very low debt of just Rs 80-90 crore. The market cap of the company is close to about Rs 210. Talking all this into consideration, it is a very consistent performer. The respectable holding of the promoters stands at 47-48% and 7% is held by the IFC Washington. The share just corrected by 8-10% and one can expect a price of Rs 400 in next 10-12 months.

Objective To generate optimal returns while maintaining safety and high liquidity. Option/Plan Dividend Plan, Growth Plan. The Dividend Plan offers Daily Dividend option (reinvestment facility only); Weekly and Monthly Dividend option (with payout and Reinvestment facility). Minimum Application Amount For new/ existing investors :Rs.100000 and any amount thereafter (Under each Option).   -----------------------------------------------------------------   Also, know how to buy mutual funds online:   Invest in DSP BlackRock Mutual Funds Online   Invest in Reliance Mutual Funds Online   Invest in HDFC Mutual Funds Online   Invest in Sundaram Mutual Funds Online   Invest in Birla Sunlife Mutual Funds Online   Invest in UTI Mutual Funds Online    Invest in SBI Mutual Funds Online   Invest in Edelweiss Mutual Funds Online   Invest in IDFC Mutual Funds Online      

The kind of performance we have seen from ABB , Crompton Greaves nobody is happy to touch the capital goods and Thermax also falls in this category. But, I have different view for this stock. The company is an engineering solution provider for heat recovery, waste recovery, water treatment, etc. It caters to the core sector industries like cement, steel, fertilizer, dairy. The company has been a consistent performer. There have been no slippages on quarter on quarter basis except for last year or a year back. One of their overseas subsidiary did not perform well and they had to take an exceptional hit. In FY11, its turnover went up close to one billion dollar. They posted an EPS of close to Rs 30 plus. Going by their Q1 performance, they have been able to maintain the topline of Rs 1,000 crore. The profitability is always back ended, it comes in the second half of the year. The promoters hold 62% stake and 28-29% is held by institutional investors. It is debt free company and has a...

Objective To provide medium to long term capital gains and/or income distribution along with capital gains tax relief to its unitholders, while at all times emphasising the importance of capital appreciation. Option Available Growth & Dividend Entry Load For Each Investment amount < Rs. 2 Crores - 2.25%. For Each Investment amount >= Rs. 2 crore - Nil. Exit Load For investments greater than or equal to Rs.2 crore: Nil. For investments less than Rs.2 crore: 1%, if redeemed with in 6 months from the date of allotment. No exit load will be charged on investment made by the fund of fund scheme. Minimum Application Amount Rs.5,000/- and in multiples of Re.1/- thereafter.   -----------------------------------------------------------------   Also, know how to buy mutual funds online:   Invest in DSP BlackRock Mutual Funds Online   Invest in Reliance Mutual Funds Online   Invest in HDFC Mutual Funds Online   Invest in Sundaram Mutual Funds Online   Invest ...

  While DSPBR Balanced might not seem exciting, it will show its mettle in long-term performances… Though not the most exciting offering around, it won't disappoint over the long run. Its 10-year annualized return of around 21 per cent (as on May 31, 2011), ahead of 80 per cent of its peers, bears testimony to that. However, investors would not be over the moon with last year's below-average returns. "This is a more defensive fund," says Shah, with reference to other offerings in the category. "In 2010, mid caps out performed large caps significantly and this fund has only 50 per cent portfolio in mid caps." Hence the underperformance with regards to its peers which had a greater tilt towards mid caps. What hit the fund in 2010, helped it in 2011. As on April 29, 2011, the fund lost 2.87 per cent (category average: -3.29%). A similar trait was noticed in 2008 when the fund's fall was curtailed to 5 per cent less than the category average. At that...

Birla Sun Life Buy India Fund Objective Birla Sun Life Buy India Fund is a multi sector open-end growth scheme with the objective of long-term growth of capital through a portfolio with a target allocation of 100% equity, focusing on investing in businesses that are driven by India's large population and inherent consumption patterns. The secondary objective is income generation and distribution of dividend. Minimum subscription amount Rs.5,000/- and in multiples of Re. 1/- thereafter Entry Load For Purchase / switch in of units less than Rs. 5 Crores in value: 2.25% For Purchase / switch in of units equal to or greater than Rs. 5 Crores in value: NIL Exit Load For Purchase / Switch in of Units, less than Rs. 5 crores in value, an exit load of 1.00% is payable if units are redeemed / switched out within 12 months from the date of allotment. For Purchase / Switch in of Units, equal to or greater than Rs. 5 crores in value, no exit load is payable. Birla Sun Life New Millenniu...

  Though not around for too long, AIG Infrastructure and Economic Reform has shown potential. Husain has successfully implemented the fund's mandate to make it one of the better picks in its category.   Its investment objective permits it to invest in companies that could benefit from potential investments in infrastructure and unfolding economic reforms. Any investor familiar with the infrastructure space will be aware that each fund manager has his own view on what constitutes 'infrastructure'.   Moreover, other government bodies such as the Income Tax department and the Reserve Bank of India ( RBI ) also have their own definition. At AIG Mutual Fund, they stick to the definition put forth by the Planning Commission.   In this fund, the obvious sectors will be eliminated such as Technology, Pharmaceuticals, Automobiles and Media. Interestingly, even pure Oil & Gas, which translates into refining and exploring, is eliminated - which explains the absence of O...

Type: Equity Diversified Fund Manager: S Naren, Deven Sangoi Inception Date: 19-Jun-1998   Prudential ICICI Growth Plan – cumulative was launched in Jun 1998 and has been in operation for more than eight years now, and is predominantly a large cap oriented stock. The scheme has grown at a CAGR of 29.43%, whereas the scheme's benchmark index S&P Nifty has appreciated by 17.04 % in the same period. The scheme due to its large cap focus has managed to maintain its rankings in the top quartile inspite of the recent market meltdown. The investment objective of the scheme as per its offer document is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities.   Prudential ICICI Mutual fund has Rs 34118.87 crores of assets under management, which is a growth of around 59% over the last years. Only UTI Mutual Fund has a greater asset base at Rs 35027.49 crores. Prudential ICICI Growth Plan has invest...

    ICICI Prudential Asset Management Company is a Joint Venture between ICICI Bank and Prudential Plc. ICICI bank is one of the largest banks in India and Prudential Plc is one of the largest players in financial services in United Kingdom.   ICICI Prudential Mutual fund has launched a number of Equity Schemes, Balanced Schemes, and Fixed Income Funds.   Some of the best performing Equity Mutual Fund Schemes in ICICI Prudential Mutual Fund are:   ·                            ICICI Prudential Banking and Financial Services Fund – Retail – Dividend ·                            ICICI Prudential Banking and Financial Services Fund – Retail – Growth ·                            ICICI Prudential FMCG Fund – Growth ·                            ICICI Prudential FMCG Fund – Dividend ·                            ICICI Prudential Focused Bluechip Equity Fund – Retail – Growth ·                            ICICI Prudential Focused Bluechip Equity Fund – Retail – Dividend ·    ...