Prajna Capital |
- Mirae Asset India Opportunities Fund Invest Online
- How to Redeem Your Mutual Funds?
- Dealing with company deposit frauds
| Mirae Asset India Opportunities Fund Invest Online Posted: 15 Mar 2014 10:24 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
The crown jewel of Mirae Asset India's suite of funds - Mirae Asset India Opportunities Fund has received rich accolades for its consistently superior performance over the 3 years of its existence.
Fund Benchmark : BSE 200
Fund Strategy
Mirae Asset India Opportunities Fund (MAIOF) is the flagship fund of Mirae Asset Mutual Fund, launched in April 2008. The fund has recently completed a track record of 3 years and has delivered impressive returns during this time frame. It attempts to target long-term appreciation while at the same time pursuing strategic opportunities that may arise from time to time.
The fund adopts a two pronged strategy in the form of a core portfolio (Buy and Hold - 75%-80% of the portfolio) supported by a strategic asset component to generate additional alpha. On the stocks front, it pursues investments in quality companies with strong cash flow, low debt and good growth visibility. It also targets companies which seldom dilute their equity base to meet growth capital thereby generating higher return on equity.
Mirae Asset India Opportunities Fund (MAIOF) has delivered impressive returns in the last 3 years since inception, having generated 16.91 % returns (CAGR) for investors compared to 5.81% returns by its benchmark index. As a testimony to its performance, it has been conferred the top rating by four reputed fund rating agencies. It has received Fund Rank 1 from CRISIL^ for the 4th consecutive quarter, the latest being March 2011. In addition, it has been conferred 5 STAR rating by Value Research#, Morning Star& as well as Rating 5 - Lipper Leaders by Lipper* for its commendable performance.
Sectoral and thematic preferences
Mirae Asset India Opportunities Fund is a diversified multi-cap equity fund with about 50 stocks in its portfolio. It invests in stocks across market capitalizations; though the fund managers prefer large-cap scrips. In addition to the large cap stocks, MAIOF has about 25% exposure to mid-caps. Within mid caps, the fund managers seek to focus on high quality mid- cap stocks which showcase free-cash generation, pricing power and limited leverage thereby delivering growth despite not so conducive global/domestic macro- environment. The fund has stayed away from volatile businesses like real-estate, construction, etc
The fund seeks to focus more on individual stocks rather than any particular sector. Although the top two sector bets are Financials and Energy, on an overall basis, it has overweight position in Consumer, Auto ancillary, Pharma and Agri related businesses.
Outlook
The fund managers believe that markets in the near term are in a consolidation phase and real headwinds are the surging oil prices and the resultant impact on inflation and fiscal situation. The positive aspect is India's robust consumer demand which holds very strong even during the peak of global financial crisis. Any correction in imported commodity prices is likely to impact markets very positively. Currently the market is trading at 15.3x FY12E and 13.2x FY13E which augurs well from an investment point of view. We advise investors to use any sharp correction in the markets to construct their portfolio.
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
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
2. Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
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 |
| How to Redeem Your Mutual Funds? Posted: 15 Mar 2014 09:12 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
How to Redeem Your Mutual Funds
A) Mutual fund bought from an Agent or Offline
If the Mutual Funds were bought offline that is to say from an Agent, then you can approach them directly and fill up a redemption form. The forms are available with any mutual funds Asset Management Company (AMC) office and their addresses are available on the internet also. It would be advisable to go to the nearest CAMS office (broker offices) where you can fill up the redemption forms for one or more mutual funds that you would like to redeem simultaneously.
Some Important Points to Remember
Net Asset Value (NAV)
While submitting the redemption form, one important thing to remember is that if you submit the form before 3:00 pm, the NAV applicable will be as per the same day closing rates whereas in case of applications submitted after 3:00 pm, NAV of the next day would be applicable. Therefore, this time frame is very crucial.
An Active Bank Account.
The money redeemed from your Mutual Funds would be deposited in the same bank account which was used to purchase them or which was registered with your AMC. It is important that the bank account should be active at the time or redemption. An inactive account can put you in many hassles and then the redemption procedures can be a little clumsy. You will have to open a new account and attach a cancelled cheque of this new account and show proof of your pass-book entries or they might even ask you to produce a declaration from the bank manager or some other valid proof before depositing the redeemed money in your account. I was lucky enough to have an active bank account which made things easier.
Time taken to credit your money
In normal course, it takes about 3 or 4 working days to complete the process and credit the money in your bank account and in some cases, it could happen even in two days also. The time taken usually depends upon the day of your submission of application for redemption. If you submit your form in the beginning of the week, you will get your money back by the end of the week and if any holidays or week-ends fall in between, redemption is likely to be delayed.
Activating your online account with AMC
It is imperative to activate your online account at the earliest if you have not done it so far. Activating your online account can reduce your hassles at the time of redemption of your mutual funds. How did you feel when you redeemed your mutual funds? Was it easy or did you come across any new point to be taken note of before going for redemption? Do you feel that more and more people would opt for redemption of their mutual funds or equities as the markets are not performing reasonably well these days?
For further information contact Prajna Capitalon 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
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap FundsInvest Online
2.Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
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 |
| Dealing with company deposit frauds Posted: 15 Mar 2014 02:12 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Dealing with company deposit frauds
When a bank defaults, you are insured up to ₹ 1 lakh. But if a company defaults, the recovery process could include running from pillar to post. And, on many occasions, one might not even recover the principal.
The lure of higher returns--- more than 200- 300 basis points-- between company and bank fixed deposits can make investors aggressive on these. For instance, HDFC Bank is offering 8.75 per cent for fixed deposits across tenures of nine months- three years, while ICICI Bank is offering 7.75- nine per cent for one- five years. On the other hand, United Spirits offers 11.5 per cent for a year, a difference of about 275 basis points.
If a company defaults, you might be left in the lurch. A case in point is the recent default on deposit payments by a couple of Yash Birla Group companies--- deposits of ₹ 214 crore haven't been paid to about 8,000 investors.
Here, the redressal mechanism isn't very clear. Investors can file complaints under the Maharashtra Protection of Interests of Depositors Act. This Act allows arrest and attachment of properties to protect depositors/ investors. Company deposits can be governed by different authorities —collective investment schemes were regulated by the Securities and Exchange Board of India till January (these powers ceased to exist after January); deposit schemes of manufacturing companies are regulated by the Ministry of Corporate Affairs (MCA) and schemes of non- banking financial companies ( NBFCs) are overseen by the Reserve Bank of India.
Addressing your grievance to MCA, along with the Registrar of Companies, is the best option. In case of listed companies, Sebi can also be addressed in the complaint.
There is no method to ensure the deposit amount is returned. All a depositor can do is put pressure on the company to pay. Company deposits are unsecured instruments and, therefore, in case the company defaults, these depositors are last in the scheme of payments.
Despite this, one has various options to raise the matter with authorities. A complaint can be filed with the MCA online; one can keep a track of these complaints. You can file a complaint with the Company Law Board, or file a civil suit.
The RBI Act, 1934, empowers the CLB to order the repayment of deposits accepted by an NBFC. For this, one has to submit Form 4 in duplicate, along with a photocopy of the deposit receipt issued by the company and a demand draft of ₹ 50 at any of the CLB benches in New Delhi, Kolkata, Mumbai and Chennai.
An offence related to acceptance of deposits is a cognisable offence under the Code of Criminal Procedure, 1973. For such grievances, you can also approach the consumer court under Section 12 of the Consumer Protection Act. Remember to include relevant papers that substantiate your claim. Depositors can also file a suit under Section 245 ( not notified yet) of the Companies Act, 2013, before the National Company Law Tribunal. It is important to opt for deposits of companies that have good ratings — while HDFC and ICICI Home Finance have good ratings, United Spirits' deposit scheme is considered risky
Recovery options for retail investors are few; all they can do is put pressure on the firm through legal channels
For further information contact Prajna Capitalon 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
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap FundsInvest Online
2.Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
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 |
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