New Fund Of Funds

Fund of Funds have not taken off in a major way in India but they do have a role in the portfolio. For those who cannot decide between a flexi-cap and small-cap fund, FoFs are a good idea. Through FoFs, you leave your decision to choose a particular fund to another fund. Sounds funny but FoFs are a big business globally. Indian FoFs were launched by a few funds like Franklin Templeton and...

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  • Credit Cards At Petrol Stations
    I hold a Citibank-Indian Oil Corp. credit card. I prefer to use my card when I have my car filled with fuel, let’s say for Rs500. On several occasions, when I get my credit card statement, I am surprised to see a surcharge of Rs12.50, which means that although I used the right card at the right petrol bunk, I am paying a total of Rs512.50. When I enquired with Citibank, they laid the...
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  • Navigating In Uncharted Waters

    A professional product from UTI, directed at retail investors

    Investing internationally is becoming the in-thing. UTI Mutual Fund has filed an offer document with SEBI for its maiden overseas equity fund called UTI Global Navigator Fund. This follows the launch of ICICI Prudential Fund launching its Asian Opportunities Fund. Expect more and more funds to launch schemes that would invest...

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