Thursday, April 30, 2009

Mutual Funds come up with New Features for Woo Investors -

Because of the Volatile Market, Mutual Funds are now offering various fancy options to the Investors. One Fund house has even lowered the ticket size to a portfolio management services (PMS) products, willing to bring into the PMS fold even those who are just on the borderline of qualifying as a High Net Worth Individuals (HNIs).

ICICI Target Return –>

The Investor would have a range of triggers to choose from 12% to 100%. The Fund which would invest primarily in large cap stocks, offers the option to either switch the entire investment along with appreciation or just the appreciation to any of the four debt funds man-aged by ICICI.

HDFC Flexindex –>

The Investor can put money into select HDFC Debt/liquid schemes and choose four sensex levels or ‘trigger evets’ of choice. They can then automatically transfer investments from these debt/liquid schemes to select equity schemes of HDFC MF at closing Sensex levels of choice.

UTI Wealth Builder –>

UTI Wealth Builder is the Portfolio Management Service (PMS) launched by UTI.

The Fund invests in Equity, debt and gold. Investments are scaled up or brought down in each of these asset categories depending on market conditions. The fund can invest a maximum of 35% in Gold/Debt.

IDFC Hybrid Infra Portfolio –>

IDFC MF has launched its Hybrid Infrastructure scheme, a Portfolio Management Service (PMS) product with entry loas as low as Rs.10 Lakh.

In Hybrid Infra Portfolio, IDFC MF (Formerly Standard Chartered MF) is trying to leverage on the expertise of its new promoter, IDFC, an infrastructure specialist. The idea is to bring in mid level investors willing o invest as low as Rs.10 Lakh. While 25% of the Corpus will be invested in infra companies, the balance will be deployed in a manner similar to private equity funds.

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