Prajna Capital

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• Union KBC Tax Saving Scheme - New Fund
• DSP BlackRock Mutual Fund New FMPs
• What is the Criteria for Selection a ETF?

Union KBC Tax Saving Scheme - New Fund Posted: 14 Nov 2011 01:34 AM PST Union KBC is launching an open-ended tax saving scheme. This will be the 37th entrant to the category of open-ended tax saving funds.   Investment Objective The investment objective is to generate income and long term capital appreciation by investing substantially in equities. The scheme will allocate between 80-100% in equities and upto 20% in debt. The fund manager will follow a combination of bottom up and top down approach in his investment strategy.   Impact of DTC If the Direct Tax Code comes into effect from March 31, 2012, Equity Linked Savings Scheme will not offer tax benefits and would get converted into diversified equity funds. However, investments made before March 31, 2011 will be locked in for 3 years as these would have received tax deduction in this financial year.   Fund Manager Mr. Ashish Ranawade will be the Fund Manager of this scheme. He has a Bachelor of Engineering (Electronics) and Master of Management Studies (Finance) degrees. With over 16 years of experience in investments, he has previously worked with UTI MF and ING Investment management (India) Limited as head of PMS with responsibilities of portfolio performance and business strategy. He also manages Union KBC Equity Fund.   Fund House Union KBC Mutual Fund launched its first fund in June this year. It has come out with an equity fund and a fixed income fund so far. Its assets as on September 30, 2011, stand at Rs. 870 Crores.   Basic Details: NFO Opens: November 8, 2011 NFO Closes: December 9, 2011 NFO Price: Rs.10/- Options: Growth and Dividend Minimum Application Amount: Rs.500/- and in multiples of Rs.500/- thereafter Lock in period: 3 years Exit Load: NIL Benchmark: BSE 100 Index Fund Manager: Mr. Ashish Ranawade   -----------------------------------------------------------------   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

DSP BlackRock Mutual Fund New FMPs Posted: 13 Nov 2011 10:11 PM PST     DSP BlackRock Mutual Fund has launched DSP BlackRock FMP Series 20-12M & DSP BlackRock FMP Series 21-3M.   The new fund offer will be open for subscription from November 14, 2011 to November 21, 2011 for Series 20 and from November 17, 2011 to November 24, 2011 for Series 21.   -----------------------------------------------------------------   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

What is the Criteria for Selection a ETF? Posted: 13 Nov 2011 06:52 PM PST     The difference between a banking sector fund and a bank ETF is that a bank ETF is a passive fund that invests similar to the CNX Bank Index compared to the banking sector fund which invests in stocks of companies engaged in the banking and financial services activities. As ETFs are passive funds, they have a lower expense ratio, which should not be the only criteria for fund selection. You should look for a fund that suits your investment needs and fits in with your financial plans and goals. A banking fund is a sector fund and these are risky in performance, make sure you understand the risks associated before investing in it.     -----------------------------------------------------------------   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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