Prajna Capital

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• DSP BlackRock World Agriculture Fund
• IndiaBulls Mutual Fund has launched its first fund - IndiaBulls Liquid Fund
• DSP BlackRock Mutual Fund Launches 2 FMPs - New Funds
• Multiple-asset mutual fund is not yet tested. Find out If its for you
• HDFC MF Launches FMP 370D - New Fund
• IDBI Gold ETF - New Fund
• Tata Mutual Fund - Its Schemes

DSP BlackRock World Agriculture Fund Posted: 27 Oct 2011 05:36 AM PDT DSP BlackRock has launched World Agriculture Fund, an open-ended fund-of-fund scheme. The scheme will invest predominantly in the units of BlackRock Global Funds - World Agriculture Fund, which is an international fund. The NFO closes on October 14. The fund will reopen for regular purchase five days after the date of allotment. BlackRock Global Funds (in which the World Agriculture Fund will invest) invests at least 70% of its total assets in the equity securities of agricultural companies globally. The maximum exposure is towards US assets, says Pankaj Mathpal, a certified financial planner with Optima Money Managers. SCHEME DETAILS The scheme offers two options: growth and dividend. The minimum lump-sum application amount is . 5,000 and minimum SIP instalment amount is . 500. There is no entry load, but an exit load of 1% is applicable if units are redeemed within 12 months from the date of allotment. Mehul Jani is the fund manager for this product, who is the dedicated fund manager for DSP BlackRock Mutual Fund for its overseas investments. TAX TREATMENT This is a fund-of-fund scheme. Hence, short-term capital gain will be taxed as per individual tax slabs and long-term capital gain will be taxed at 10.3%, or 20.6% with the benefit of cost inflation index. THE POSITIVE There is already a widening gap between demand and supply in agriculture. With a sustained increase in population globally, the need for food and agriculture will get increase, which will be profitable for agriculture-based businesses. Hence, investors can expect good returns from such funds. THE RISK FACTOR The scheme has international exposure with major exposure in the US. The performance of BG-WAF would be closely linked to the economic, political, and social risks in the US. Also, since it will invest in securities that are denominated in foreign currencies (eg, US dollars), fluctuations in the exchange rates may have an impact on the income and value of the scheme. The fund being a thematic fund can be a top-up to your financial portfolio but not its key ingredient.   -----------------------------------------------------------------   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 IDFC Mutual Funds Online   Invest in UTI Mutual Funds Online    Invest in SBI Mutual Funds Online   Invest in L&T Mutual Funds Online   Invest in Edelweiss Mutual Funds Online

IndiaBulls Mutual Fund has launched its first fund - IndiaBulls Liquid Fund Posted: 27 Oct 2011 05:16 AM PDT   IndiaBulls Mutual Fund has launched its maiden fund - IndiaBulls Liquid Fund, an open ended liquid scheme.   Investment Strategy The investment objective is to provide high liquidity with returns commensurate with low risk through a portfolio of money market and debt securities with maturity of upto 91 days. The scheme would also invest in securitised debt which would not exceed 15% of the net assets of the scheme.   Fund Manager Mr. Raju Sharma will be the fund Manager. He has done B.Com, CA & LLB (General) . With over 20 years of experience in financial services industry, he has worked in several domains like fixed income fund management, investment banking, treasury and debt broking, etc. Recently, he worked with Tata AMC as Senior Fund Manager.   Fund House Indiabulls Mutual Fund is the 44rth entrant to Mutual Fund Industry. After receiving SEBI's approval in March 2011, they waited for more than 6 months to launch their first fund.   Basic Details NFO Opens: October 24, 2011 NFO Closes: October 24, 2011 NFO Price: Rs.1000/- Options: Growth and Dividend Option Minimum Application Amount: Rs. 5000& in multiples of Re.1/- thereafter Exit Load: Nil Benchmark: CRISIL Liquid Fund Index Fund Manager: Mr. Raju Sharma

DSP BlackRock Mutual Fund Launches 2 FMPs - New Funds Posted: 27 Oct 2011 04:18 AM PDT DSP BlackRock Mutual Fund has launched two fixed term plans.   1) DSPBR FTP - Series 1 - 24M will be open for subscription from 1-Nov-11 to 14-Nov-11. 2) DSPBR FMP - Series 18 - 12M will be open for subscription between 2-Nov-11 to 03-Nov-11. -----------------------------------------------------------------   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 IDFC Mutual Funds Online   Invest in UTI Mutual Funds Online    Invest in SBI Mutual Funds Online   Invest in L&T Mutual Funds Online   Invest in Edelweiss Mutual Funds Online

Multiple-asset mutual fund is not yet tested. Find out If its for you Posted: 27 Oct 2011 03:28 AM PDT   INSTEAD of keeping all eggs in the same basket, keeping different eggs in different baskets reduces risk THE more the merrier or so the adage goes. But does it hold true for mutual funds that simultaneously invest in stocks, bonds and gold? Financial experts point out that while investors need to look at diversification, they should not over-diversify so that the share of asset allocation for stocks, bonds or gold does not stray from their pre-decided levels. Here are the pros and cons of investing in a multiasset mutual fund: Multiple play: Schemes, such as ING Optimix Financial Planning, Peerless MF Child, Fidelity India Children's Marriage, Kotak Multi Asset Allocation, Axis Triple Advantage, Taurus MIP Advantage and Religare MIP Plus, are hybrid funds that combine three asset classes. Depending on the fund's intent, some schemes are heavily tilted towards gold, while some others are heavily biased towards debt or stocks. For an investor, these funds are just a convenient tool. Instead of keeping all eggs in the same basket, one can keep different eggs in different baskets. That reduces risk. But, in reality, investors are usually too lazy to do that. They will prefer a grocery-store approach, where if the same fund is giving them exposure to different asset classes, that's convenient for them. Check performance: Most of these funds have been launched in the past 12 months. So, no measure of long-term performance is available. It is important that investment in any fund, not just any special class, stands the test of time -a minimum three to five years have to pass to get a realistic view. Of course, one can miss out on any upside in a rookie fund, but that's a risk. Any new fund offer (NFO) is like a trainee in a company. They may have potential but lack any record. These multi-asset funds are good idea, but we think its better to monitor the performance for some time before jumping in. An 8 per cent return in a volatile situation may sound good when compared with tax-adjusted returns of fixed deposits. Long-term attraction: For children funds, the reasoning for addition of gold into these schemes is a hedge against possible rise in gold price. But, one can do by just investing in gold ETFs too. But a one-stop solution sounds attractive. The thing is such schemes allocate portions of your money into the assets. So, if you want to buy Rs 1 lakh of gold now, its better to go for gold ETFs. If you want to distribute the same Rs 1 lakh over different assets, then multi-asset schemes are good. Some companies appoint different managers to oversee different assets. This is good because an expert in stocks cannot take the right decisions on debt or even gold.   -----------------------------------------------------------------   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

HDFC MF Launches FMP 370D - New Fund Posted: 27 Oct 2011 12:47 AM PDT HDFC Mutual Fund has introduced HDFC FMP 370D November 2011(1) - Series XIX. It will be open for subscription between November 4, 2011 to November 8, 2011.   The units of the schemes will be listed on NSE.   -----------------------------------------------------------------   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 IDFC Mutual Funds Online   Invest in UTI Mutual Funds Online    Invest in SBI Mutual Funds Online   Invest in L&T Mutual Funds Online   Invest in Edelweiss Mutual Funds Online

IDBI Gold ETF - New Fund Posted: 26 Oct 2011 09:50 PM PDT   Gold ETFs (exchange traded funds) have caught investors' fancy for a number of reasons. Financial planners recommend gold as an alternative asset class for your portfolio and recommend investors to hold 5-10% of their portfolio in gold. Gold is considered a safe bet by many and a hedge against inflation. It has very low correlation to other asset classes, making it a handy asset to diversify the overall portfolio. Buying gold through the ETF route also eliminates the hassles of storing physical gold and the risks involved with it. It also addresses the issue of purity and liquidity. Hence, many investors are taking the ETF route to invest in gold. They now have another option in ETF in the form of IDBI Mutual Fund's IDBI Gold ETF. The NFO is open currently and closes on November 2. ABOUT THE PRODUCT IDBI Gold ETF, an open-ended fund, will invest the money collected from investors in standard gold bullion. The investment objective of the fund is to replicate the performance of gold. It will seek to achieve the investment objective by minimising tracking error. One advantage of the fund is that it can be used as security for taking loans from IDBI Bank, giving it instant liquidity. Investors' holding in the fund will be denoted in units, which will be listed on a stock exchange. The fund will be passively managed and will provide returns that would closely track the returns from physical gold in the spot market. An investor can buy the units in the NFO, and once it is listed, buy them and sell them on the NSE and the BSE where the units will be listed. IDBI MF will also offer direct buy-sell options at NAVrelated prices for investments of 1000 units and above. The expense ratio of the fund will be capped at 1.5% and the minimum amount of investment in the NFO is . 10,000. To Invest? Investors who wish to build up their gold portfolio and hold gold as an asset class in their portfolio could apply Or....Not to Invest? Since it is a new fund offer, it is impossible to ascertain how liquid the ETF will be once it is listed.   -----------------------------------------------------------------   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 IDFC Mutual Funds Online   Invest in UTI Mutual Funds Online    Invest in SBI Mutual Funds Online   Invest in L&T Mutual Funds Online   Invest in Edelweiss Mutual Funds Online

Tata Mutual Fund - Its Schemes Posted: 26 Oct 2011 07:31 PM PDT TATA is one of the trusted brands in India. TATA Mutual fund is also one of the trusted mutual funds in India. TATA AMC manages funds of several thousand crores. It offers a variety of investment options for various needs i.e. salaried persons, businessman, housewife and investor.   The various types of schemes launched by TATA Mutual fund are: ·                           Equity Mutual Funds ·                           Balanced Mutual Funds ·                           Debt Mutual Funds The top performing Equity Mutual Funds are: ·                           TATA Dividend Yield Fund ·                           TATA Tax Advantage Fund – 1 ·                           TATA Contra Fund ·                           TATA Tax Saving Fund Top Performing Balanced Mutual Funds are: ·                           TATA Balanced Fund Top Performing Debt Mutual Funds are: ·                           TATA Short Term Bond Fund ·                           TATA Dynamic Bond Fund ·                           TATA MIP Plus - Growth   -----------------------------------------------------------------   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 IDFC Mutual Funds Online   Invest in UTI Mutual Funds Online    Invest in SBI Mutual Funds Online   Invest in L&T Mutual Funds Online   Invest in Edelweiss Mutual Funds Online

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