Monday, June 15, 2009

High Net Worth Individuals are offered structured schemes by MFs

Mutual Fund companies are offering customized schemes to HNIs (High Net Worth Individuals). Tjhis time the Asset Management Companies are come with trigger-based schemes – UTI Mutual Fund, Birla Sun Life Mutual Fund & ICICI Pru.

Most fund houses are launching trigger-based plans that enable investors to have the best best of both equity and debt market. Trigger plan allows investors to pre set their investment objectives by letting them re-balance their investment to pre selected debt funds once their investment goals are met.

Bharti-Axa has launched a scheme that reinvests dividend from liquid or treasury funds to the fund house’s diversified equity fund termed “Liq-uity”. The fund is aimed at HNIs and treasuries of small corporate houses. Minimum Investment under this scheme is Rs.10 Lakhs.

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