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Monday, June 30, 2014

HDFC Mutual Fund New Fund Manager

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HDFC Mutual Fund has appointed new fund manager of the following schemes.

Scheme Name

Fund Manager

HDFC Large Cap Fund

Mr. Vinay Kulkarni

HDFC Small & Mid Cap Fund

Mr. Chirag Setalvad

HDFC Inflation Indexed Bond Fund

MR. Anil Bamboli

HDFC Dynamic PE Ratio Fund of Funds

MR. Miten Lathia (Equity) & Mr. Anil Bamboli (Debt)

 

The Fund House has introduced SIP facility in all schemes under all plans. Minimum amount per monthly SIP will be R500 and Quarterly SIP, it will be R1500.

 

The Fund House also revised minimum redemption amount to R1000 or a minimum of 100 units, against the previous R1000.

 

The above mentioned changes will be applicable from June 28, 2014.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Invest Any Mutual Fund Online

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Download Mutual Any Fund Application Forms

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Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Stock Futures Positions Rollovers

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What Is A Rollover?

Rollover involves carrying forward of futures positions from one series, which is nearing expiry date, to the next one. On expiry, traders can either let a position lapse or enter into a similar contract expiring at a future date. Rollovers happen only in futures and not in options.

How Are Contracts Rolled Over In India? How Does It Work?

Equity derivatives contracts in India are settled on the last Thursday of every month (if Thursday is a holiday, the settlement happens on a Wednesday). While rollovers are done till the close of trading hours on that day, a chunk of the rollovers begin a week before expiry. Positions are rolled over to the next month through a spread window on the trading terminal. For instance, if a trader holds one futures contract of Nifty expiring in June, he would enter the `carry-forward this position to June' by keying in the spread at which he desires to rollover the positions to July. The spread window has made it easier for traders to rollover, which was a two-step process earlier.

How To Interpret Rollovers?

Rollover is expressed as a percentage of total positions. There are no benchmarks for rollovers but they are compared on the basis of historical data, especially the trailing three-month average.

Rollover is an indicator of traders' willingness to carry forward the bets on the market. But, the figures will not tell you in which direction traders have bet. On most occasions, lower-than average rollovers signal uncertainty while higher rollovers show that sentiment is strong. Hypothetically, if rollover in Nifty futures from May series to June is at 70% and three-month average is 65%, it means traders are more convinced about their views on the market and are willing to build more positions.

However, at times, rollover trends can be misleading. For instance, 70% roll over may have taken place at a lower base of open interest -number of outstanding positions -while the average of 65% rolls would have happened at a relatively higher open interest base. Savvy traders also analyse rollover trends on the basis of rollover cost. Usually, high rollover costs signal that the mood is upbeat in the market.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Mirae Asset India Opportunities Fund - Invest Online

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Mirae Asset India Opportunities Fund

Launched in April 2008, Mirae Asset India Opportunities Fund has been ranked CRISIL Fund Rank 2 in the diversified equity category under the CRISIL Mutual Fund Ranking for the quarter ended March 2014. Average assets under management (AUM) of the fund for the quarter ended March 2014 were 361 crore. Gopal Agarwal and Neelesh Surana have been jointly managing the fund since May 2008. Since its inclusion in the CRISIL Mutual Fund Ranking, the fund has been in the top 30 percentile ( ranked 1 or 2) of the diversified equity category. Performance The fund has delivered superior returns and outperformed both its benchmark ( S& P BSE 200) and the category average over one-, three- and five- year time frames, and since its inception. Since inception, the fund has posted returns at a compounded annualised growth rate (CAGR) of 16.64 per cent compared with 8.08 per cent and 11.65 per cent by its benchmark and the category, respectively. The volatility of the fund is comparable to that of the category.

The fund's outperformance on a risk- adjusted basis is reflected in its Sharpe ratio of 0.90 compared with 0.50 for the benchmark over the past three years.

An investment of 1,000 in the fund since its inception would have appreciated to 2,598 as on June 16, 2014, versus 1,619 and 1,961 in the benchmark and the category, respectively. A monthly systematic investment plan ( SIP) of 1,000 in this fund for five years would have grown to 96,691 on a principal investment of 60,000, delivering an annualised return of 19.47 per cent. The same amount invested in the benchmark would grow to 82,095, delivering an annualised return of 12.70 per cent.

The fund has shown consistent performance across market cycles. During the sub- prime crisis from April 2008 to March 2009, the fund declined (- 35.19 per cent) lower than the benchmark (- 40.38 per cent). During the sharp market recovery – post the sub- prime crisis – from April 2009 to December 2010, the fund substantially outperformed the benchmark ( 75 per cent CAGR returns by the fund versus 57.67 per cent by the benchmark).

Thereby the fund has performed well across various timeframes and market phases.

Investment strategy The fund manager intends to analyse the macro economy, industry trends and business cycles while investing in companies which benefit from macroeconomic, industry and sectoral trends after doing a bottom- up analysis. The investment strategy of the fund is to have diversified portfolio with no bias towards a particular theme, sector, market cap or style.

Portfolio analysis The fund has had an average exposure of 75 per cent to CRISIL defined large cap stocks (Top 100 stocks based on average market capitalisation on the NSE) over the past three years, ending May.

The fund is more diversified at the stock level compared with its peers. Over the past three years, it held an average of 55 stocks with the top five stocks accounting for 26 per cent of the portfolio against the category which held 45 stocks with the top five stocks constituting 29 per cent of the portfolio. About 64 per cent of the portfolio has been consistently held over the past three years. Exposure to stocks of Amara Raja Batteries, Lupin, Zee Entertainment, ITC and HDFC Bank has helped in boosting the fund's performance.

The banking sector has been the most favoured sector over the past three years with an average exposure of 17.84 per cent, followed by software ( 11.62 per cent) and pharmaceuticals (8.59 per cent). Compared with the category, the fund had higher exposure to auto ancillaries, pharmaceuticals and consumer non- durables sectors and lower exposure to minerals/ mining, which helped it in outperforming the category over the past three years. The representative indices for these sectors – CNX Auto, CNX FMCG and CNX Pharma Index – gave superior annualised returns of 20.09 per cent, 22.89 per cent and 17.63 per cent, respectively. On the other hand, CNX Metal underperformed with - 8.0 per cent over the same period.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now
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