This tiny fund packs quite a punch. After an absolutely dismal 2006, it shot to prominence in the bull run of 2007 and 2009. Its fall in 2008 was in-line with the category average.
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I would like to invest in Sundaram BNP Paribas SMILE and Sundaram BNP Paribas Select Midcap.
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Investors in mutual funds (MFs) have a lot of positives to look forward to. In the past three months, the Securities and Exchange Board of India (Sebi) has announced reforms that make MFs better investment vehicles and is working to curb mis-selling, too.
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I have long-term systematic investment plans (SIPs) in two equity linked savings schemes (ELSS), HDFC Taxsaver and BSL Tax Relief 96-D. The latter has not performed well in the past six months.
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I am 42 and working with the Indian Army. My annual income is Rs 12 lakh.
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The Securities and Exchange Board of India (Sebi) is unlikely to review the dividend payment norms that bar fund houses from giving payouts from the unit premium reserve.
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This is a turnaround story. Launched in September 2003, it was only in 2007 that the fund began to give its peers serious competition. Till 2006, it resembled a mid cap fund, with the allocation to large cap stocks rarely exceeding 50 per cent, at times going to as low as 10 per cent. Also, the portfolio tended to be rather erratic.
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I have invested Rs 10,000 in September 2008 in BSL Monthly Income Plan II Savings 5 (G) but the fund has not delivered good returns. So, I plan to transfer or switch to BSL Frontline Equity Plan A-G. Please advise.
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I am 42 years old and have adequate life insurance in place. I also have a disposable income of Rs 50,000 per month. I do not have any liabilities. I have invested Rs 24 lakh in mutual funds. All investments so far have been in lump sum. Presently, I do not have any regular Systematic Investment Plan (SIP) in any fund but I want to start it.
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I have Rs 12 lakh to invest that I want to invest in monthly income schemes. I plan to split this corpus between Post Office MIP and HDFC MIP Long-term.
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Axis Mutual Fund is aiming at more than doubling the size of assets under its management to Rs 10,000 crore by March-end and is looking at entering the overseas markets next year. We will come out with a new fund for overseas market named Foreign Currency Denominated Fund by early next financial year, Axis AMC Managing Director and CEO Rajiv Anand said.
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One of the major issues in the mid-cap space is liquidity. The fund manager of Birla Sun Life Mid Cap recognises this and limits exposure to single stocks to five per cent. The fund has a large-cap limit of 25 per cent, which it had touched before the March 2009 rally began. However, in the next few months, large-caps were reduced to a meagre one per cent. This helped the fund deliver 120 per cent in 2009 (category average, 97 per cent).
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I want to invest in SBI PSU Fund.
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The Securities and Exchange Board of India (Sebi) is preparing ground for a fresh set of mutual fund (MF) reforms to make the instrument more transparent and attractive for investors.
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Sensex tanks on worries over euro, Korea.
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