In my long years of research journalism, I have rarely recommended new funds to investors.
But the market underwent a huge swing in the last quarter of 2013 and several stocks became compelling buy. At that time, ICICI Prudential launched a Value Fund.
I spoke with the CIO of ICICI Pru, Mr. Sankar Naren, and urged you to invest in the fund.
A sizable number of you did. After just seven months – yes, seven months—those of you who followed my advice are sitting on a profit of 45 per cent. Although the fund has lock-in period of three years, with equity markets in a vibrant mood, it will give those who invested a healthy return when the lock-in is over.
Now that we have a stable government in place at the Centre, several indicators point to a turnaround. After a long gap, the dice has been rolled for a bullish phase of the market (see table for previous data).
|
Index Value |
Sensex |
BSE Midcap |
BSE Smallcap |
|
|
01-Apr-03 |
3081 |
899 |
835 |
|
|
11-May-06 |
12435 |
6004 |
7729 |
|
|
Absolute |
304% |
568% |
826% |
Bull Phase |
|
14-Jun-06 |
8929 |
3721 |
4503 |
|
|
Absolute |
-28% |
-38% |
-42% |
Bear Phase |
|
07-Jan-08 |
20813 |
10102 |
13975 |
|
|
Absolute |
133% |
171% |
210% |
Bull Phase |
|
09-Mar-09 |
8160 |
2553 |
2867 |
|
|
Absolute |
-61% |
-75% |
-79% |
Bear Phase |
|
05-Nov-10 |
21005 |
8679 |
11044 |
|
|
Absolute |
157% |
240% |
285% |
Bull Phase |
|
20-Dec-11 |
15175 |
5076 |
5466 |
|
|
Absolute |
-28% |
-42% |
-51% |
Bear Phase |
|
06-Jun-14 |
25191 |
9073 |
9744 |
??? |
| Absolute |
59% |
78% |
78% |
There are some funds, including a few new funds, in which you should invest now, with a 3-5-year time frame. Write to me at the email given at the bottom of the message and I will tell you their names.
For those missed my mail in November 2013, here is the link:
http://www.myassetsconsolidation.com/investment-advisory/invest-now-for-a-3-5-year-goal/
P.S. : Those of you who heeded my advice in an email I sent just 10 days ago on bond funds have already started to gain from the recent drop in the yield.