In your interest.
Online Personal Finance Magazine
No beating about the bush.
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...
Three new arbitrage funds have been filed. Do they make much sense?
Three fund houses have filed for launching arbitrage funds: Canbank, Tata and Standard Chartered. Some time ago, SBI came out with its Arbitrage Opportunities Fund and, before that, UTI launched its Spread Fund. Do arbitrage funds make sense? Arbitraging means taking advantage of tiny mis-pricing between the cash and the...