In your interest.
Online Personal Finance Magazine
No beating about the bush.
A slew of new funds is offering combined flavours. Some will work. As usual, you can never know in advance which one
Pru ICICI’s new fund, Equity and Derivative Fund, has two flavours. One is designed to appeal to the conservative investors and the other is more geared to take advantage of the capital appreciation of equities. What is new about them? Both will mix debt and derivatives but...
It is a debt fund that is benchmarked against Nifty. It is called Index Enhancer but it will not buy index stocks. With at least 55% invested in debt, it warns you that it will be a high-risk fund. How much stranger can mutual funds get?
Among the long list of mutual funds that are mis-labelled, sporting a bizarre asset allocation plan and will make money purely by luck because their model...
Another new fund flavour. Will it work?
It is the business of asset management companies to gather assets because they make money on the money they manage. To claw assets out of investors, AMCs come out with products of different flavours - balanced funds, contra funds, flexi-cap, MIPs, rural fund… To this long list of clever ideas, a new one has just been added.
Prudential ICICI has...