Category Archive: Mutual Fund

Often individual’s gaze through newspaper to find NAV of their respective schemes when market is hot. But when market is down they ignore to follow their investment. With market bouncing back and with the benchmark indices Sensex and Nifty delivering one year return of 25 per cent now they may back to look for the NAV.
To their surprise they could not find NAV of their schemes. Don’t worry it could have got merged with some other existing schemes of the fund house.To know your new schemes go through the attached table to find your new schemes.

Old New Merged date
SBI One India Fund SBI Magnum Equity Fund 8/10/2012
Principal Services Industries Fund Principal Growth Fund 8/10/2012
Sundaram India Leadership Sundaram Growth Fund 6/11/2012
UTI-SUNDER UTI-Nifty Index Fund 3/14/2012
UTI-Master Index Fund UTI-Nifty Index Fund 3/14/2012
ING Contra Fund ING Dividend Yield Fund 2/24/2012
Tata Mid Cap Fund Tata Growth Fund 2/24/2012
Tata Capital Builder Fund Tata Growth Fund 2/24/2012
Canara Robeco Multicap Canara Robeco Equity Diversified 2/2/2012

The new schemes investment objective will be different from your investment idea.For instance Principal Services Industries fund investment objective was to invest in service industry stocks but its has now got merged with the Principal Growth fund – a diversified fund.
In such a situation you can either go with the same schemes or with market being at an elevated level sell and invest the proceeds in new schemes according to your risk profile.
There are funds that performed exceedingly well when the theme is hot. But with change of fortune they will completely underperform the broader markets for years together.

If you are a kind of investors have less time to monitor your portfolio it’s better to stick to diversified schemes rather than theme funds.
(Author can be reached at suresh@myassetsconsolidation.com).

Dec 27

How to Invest your Money in 2018

Market Outlook IN 2018—30% OR 50%?   The other day, a TV channel asked me: “Suresh, where will the Sensex be in 2018?” I said: “I don’t know.” Do you know why I said that? Let’s rewind to a year ago, in December 2016. People asked leading market analysts and pundits their opinion. This is …

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Nov 22

How to Manage Retirement Funds When interest rate crash.

The most common question that investors ask me is how to manage their retirement funds at a time when interest rates are coming down. This is a tough question. Those who have not planned their retirement will be hit hard.Many people lose their jobs when they are in their 50s and have major expenses such

Nov 14

The magic tool to reach financial goals is SIP.

The markets are going through highs and lows. It has happened before, and it will continue to happen in the future. There is no point waiting for market nor most auspicious time to invest. Both will not determine your success…. If you have financial goals and potential to invest, you need to build wealth. The magical …

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Oct 17

We,Markets,12 months….

Tamaso ma Jyotirgamaya (from Darkness to Light) In life, we cross several milestones. Sometimes, just being at the right place at the right time is all that is required. For equity mutual fund investors, at sometimes could be just the choice of funds that helped them get a return of 18-34%.   In the past …

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Dec 01

Fixed deposit rates are falling,where to invest?

With demonetization, banks are flush with liquidity, and a few leading banks have cut interest rate on fixed deposits. One builder in Chennai is offering interest at 7.5 % for buying flats. With the Reserve Bank of India monetary policy around the corner, interest rates could fall further. This will balance the market to a …

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Oct 15

Dog,Elephant and investments.

An elephant and a dog became pregnant at same time. Three months down the line the dog gave birth to six puppies. Six months later the dog as pregnant again, and nine months on it gave birth to another dozen puppies. The pattern continued. ….. On the eighteenth month the dog approached the elephant questioning, …

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Oct 04

Weather and equity markets.

Often i get lots of story in Whatsapp. Instead of just forward, i decided to convert the story for a investment lesson.. Here its  ………………….. A  man had four sons. He sent each of them to go look at a pear tree that was a great distance away. The first son went in winter, the …

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Sep 28

Black Dot and wealth creation.

  This story has a simple , yet important message. Sometimes its the simple stories that make us ponder the most…One day a trainer entered training hall  and asked his participants to prepare for a surprise test. They all waited anxiously at their desk for the exam to begin.The trainer handed out the exams with …

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Oct 05

Large Cap Vs Midcap

I conducted Ten Investor Awareness Programmes across Tamil Nadu in the past two months. In most of the meetings, investors said they wanted to sell their large-cap mutual funds because they have underperformed  mid- and small-cap schemes by a good margin. It is indeed a fact that large-cap schemes performed badly, mainly because of selling …

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Jul 06

Hoping for 17 per cent CAGR and beyond?

Last week I had an opportunity to attend a select meeting with Mr Prashant Jain, CIO of HDFC Mutual Fund. He shared a few points and he felt some of the Government action is likely to turn around the economy. This  is likely to push the GDP of the country. That means that those who …

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