MUTUAL FUND: An open ended diversified equity fund.
Fund Objective:
Long Term growth opportunities in capital along with the liquidity through an active management of investment in a diversified basket of equity/ debt/ Money market instruments of domestic public sector undertakings.
Investment Strategy:
Invest in stocks of PSUs through primary as well as secondary market, private placement/ QIP, Preferential allotments etc.
Recommendation:
Why Only in PSUs? Invest in PSUs will make this fund safe with lower risk but at the same time return may be at average level as PSUs are not aggressive expect some sectors like Banks. Even presently disinvestment is not getting proper response. This may be a good fund but recommended not to subscribe presently.
FUND BRIEF:
Face Value: Rs. 10
Launch Date: NFO Closed on 14.06.2010
Net Assets: Not Available (New Fund, NFO Closed Recently and fund will re-open in next 1 month)
Fund Plan/ Option: Regular. SIP Available Option: Growth and Dividend
Minimum Amount: Regular: Rs 5,000. For SIP monthly: N.A.
Entry Load: Nil
Exit Load: For Regular Plan: 1% in 1st 3 Years For SIP: 1% in 1st 3 Years
Annual Recurring Expenses(Charges): 2.5%P.A. Of Weekly Average Net Assets
Assets Allocation: Min-Max
Equity and Related 65%-100%
Debt and Money market Securities 0%-35%
Benchmark: BSE PSU INDEX
PEER PERFORMANCE:1. Religare PSU Equity:
Launched in October 2009. Trailing return of Religare PSU Fund: As on 18 Jun 2010
Period Fund Performance Category Performance
Year to Date 1.55 % 3.29 %
1-Month 2.05 % 2.2 %
3-Month 4.6 % 2.68 %
Category: Equity Diversified
2.UTI PSU Fund
Launched in March 2004 and merged in 2007 with UTI Top 100 Fund. Return in year 2006 and 2007 were negative.
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