JM Agri & Infra Fund, is a close-ended equity oriented scheme. The investment objective of the Scheme is to provide long-term growth by investing predominantly in equity / equity related instruments of companies that focus on agriculture and infrastructure development of India.
Fund Class Equity Diversified
Fund Type Close-Ended
Fund Manager Sandip Sabharwal
Entry Load 0.00 %
Exit Load 0.00 %
Comment Exit Load - for ongoing redemptions/switch out after three months from the date of allotment, the exit load till maturity of the scheme will be Nil. However, at the time of redemption, the unitholders will be charged the balance proportionate unamortized initial issue expenses applicable to their investments.
This scheme will invest overseas via the SEBI guidelines which allow investments by the mutual fund industry to the extent of USD 5 billion.
ICICI Prudential Real Estate Securities Fund (The scheme will not be directly owning or holding real estate properties.) is a 3-year close-ended debt fund, designed to invest in Real Estate Sector and real estate oriented sectors like Cement, Construction, Metals, Hotels, Retail, Banks & Finance Companies etc.
The scheme will:
Predominantly invest (51% to 100%) in high yielding debt securities issued by companies that are associated with or benefitting (directly / indirectly) from the real estate sector.
Invest up to 49% in equity of companies, which are engaged in industries that benefit directly or indirectly from the Real Estate Sector or have substantial investments in property (incl. Land holdings).
The initial allocation of the fund will typically be 70% in debt instruments and 30% in equity
Mutual Fund Lotus India Mutual Fund
Scheme Name Lotus India AGILE Fund
Objective of Scheme To generate capital appreciation through investment in equity and equity related instruments. The Scheme will seek to generate capital appreciation by investing in a passive portfolio of stocks selected from the industry Leaders on the basis of a mathematical model.
Scheme Type Open Ended
Scheme Category Growth
New Fund Launch Date 25-Oct-07
New Fund Earliest Closure Date 23-Nov-07
New Fund Offer Closure Date 23-Nov-07
Indicate Load Separately
Entry Load : Where purchase amount is less than Rs. 5 Crores - 2.25% Where purchase amount is equal to or greater than Rs. 5 Crores - Nil Exit Load : if redeemed on or before the expiry of 6 months from the date of allotment - 1% if redeemed after six months and on or before the expiry of 1 year from the date of allotment - 0.6% if redeemed after the expiry of 1 year from the date of allotment - Nil
Offer Price (Rs.) 10
Minimum Subscription Amount Rs. 5,000/- per application
The new fund offer (NFO) opens on November 12, 2007 and closes on December 19, 2007. Units can be purchased only during the NFO period.
Scheme Name JPMorgan India Smaller Companies
Launch Date 09/11/2007 closing on November 30th 2007
Fund Manager Mr. Harshad Patwardhan
Investment Objective :The investment objective is to seek to generate long term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities focused on smaller companies. Generally, the universe will be the companies constituting the bottom fourth by way of market capitalization of stocks listed on the National Stock Exchange or The Bombay Stock Exchange. The fund manager may from time to time include other equity and equity related securities outside the universe to achieve optimal portfolio construction. However, there can be no assurance that the investment objective of the scheme will be realised.Minimum investment is 5000 rs Entry load of 2.5 percent Exit load of 1 percent
"Indian mutual funds (MFs) total assets under management (AUM) crossed the magical Rs 5 lakh crore mark at the end of October.
But with the Sensex at the 20,000 levels, market insiders say that very little fresh money has come in from that set of investors whom fund houses have been diligently trying to target: retail."
This news shows that although FIIs are pouring in money, Retail investors are booking profits and staying away from investing further.
Ultimately FIIs are benefiting more while most of retail investors stay out of the race. I think the concept of long -term investing and it's benefits needs to precipitate further.
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