Mutual Funds
Pramerica Equity Diversified Fund: Just another multi-cap scheme

The new scheme from Pramerica Mutual Fund will compete with 75-odd schemes of the same kind that are in the market 


Pramerica Mutual Fund, which started operations in 2010, recently launched its first multi-cap equity diversified scheme. The new open-ended scheme—Pramerica Equity Diversified Fund—will invest over 65% of its assets in listed stocks without any restrictions towards sectors and market capitalisations. There are over 75 mutual fund schemes, with a similar investment objective. Pramerica Mutual Fund would need to find a way to attract investors who are flooded with so many choices.
Multi-cap schemes invest in stocks across all market capitalisations; hence, investors get a mix of large-cap and mid-cap stocks. The returns are more stable than small-and mid-cap schemes, but more volatile than large-cap schemes.
Over the past three years, the top ten multi-cap schemes delivered an average return of 30%, while the bottom 10 schemes delivered an average return of 17%. Thus choosing the right scheme is crucial if you want to earn higher returns. Pramerica Mutual Fund is a relatively new fund house and the fund management has yet to establish themselves among the list of top performers.
Brahmaprakash Singh, who has 19 years of experience in investment management, will manage the equity portfolio of the scheme. Ritesh Jain, who has 13 years of experience in fixed income fund management, will manage the debt portfolio of the scheme.


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Coast Guard DIG makes a U-turn on Pakistani boat explosion

DIG BK Loshali of the Coast Guard claimed that he was misquoted and he was not privy to whatever was happening during the New Year eve off Porbandar coast 


A senior official from Coast Guard, who contradicted the Defence Ministry's claim by saying he had ordered blowing up an intruding Pakistani boat off Porbandar coast on New Year eve, on Wednesday made a U-turn, claiming he was misquoted.
However, the Indian Express uploaded the video of DIG BK Loshali in which he says that on 31st December night; he ordered to "blow up that boat"
"Let me tell you. I hope you remember 31st December night... We blew off that Pakistan... We have blown them off. I was there at Gandhinagar and I told at night, blow the boat off. We don't want to serve them biryani," he said at a function in Surat on Tuesday.
However, on Wednesday, as a controversy erupted over his claim, Loshali sang a different tune.
"I was not privy to whatever was happening. I have been misquoted. I had mentioned that no anti-national element will be allowed to breach our coastal security and we are not going to serve them biryani.
"The operation was classified in nature and its details were not shared (with me)," he told reporters, adding it was his boss Inspector General, North West region, Kuldip Singh Sheoran, who was in charge of the operation.
Inspector General KR Nautiyal said in Delhi that that they had received a statement from Loshali who had denied making any such statement.
What he said, Loshali claimed, was that "anti-national" elements won't be served biriyani and dealt with according to the law of the land.
Defence Ministry and Minister Manohar Parrikar had said soon after the incident that the boat set itself on fire when its crew were asked to surrender.
Meanwhile, Congress has asked the Defence Minister to introspect and clarify the truth in light of the video released by Indian Express.
"Def Min what is a bigger sin blowing the Paki boat or lying to the nation? If they were indeed terrorists why be ashamed of blowing them," Congress leader Manish Tewari tweeted.
"Uncanny similarities to similar modus operandi the fake encounter syndrome to bolster machismo & build Alpha image", he tweeted.




2 years ago

Loose lips sink ships !!!

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