Best new Mutual fund?

[virendra]

i just came to know today that Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund - XIV - Series 10, a close ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 6 May and closes on 7 May 2010.

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central, State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

The duration of the scheme is 24 months from the date of allotment. is it any good guys?or they are just dangling the carrot before everyone?

[chetan]

It is certainly not the best. Do you know if it is Equity or Debt fund ? And what is your investment objective ?

[virendra]

Why would you say that?i thought they are good for mutual funds as they just got the prize for the best mutual fund house of the year award.anything specific that you heard?

[chetan]

You first talk of Reliance Fixed Horizon Fund - XIV - Series 10 and then you use the keyword "they". My response was w.r.t Reliance Fixed Horizon Fund - XIV - Series 10. Hope that explains.

[virendra]

alright.thanks for your help.i just needed some details about why it is not very nice optiona and can you please suggest a better one?

[sunil]

Well there are many good ones, but depends on your Risk and Goals. How many years you want to stay invested ? Can you invest in SIPs or you want to go for lumpsum ? You sit and decide yourself but be disciplined. We started our SIPs in 1999 and we went through lot of pain in 2001 but now, it is impossible to get the funds at those rates...

Equity - go for HDFC Equity, HDFC Top 200, Reliance Growth, DSPML BR 200

[pawankumar]

really Sunil?God ..so much goes into being an investor i guess!

[virendra]

What are the different equity/growth schemes offered by Tata,Reliance and Motilal Oswal?

[pawankumar]

The recommended Equity schemes under different categories are as given below:

Large Cap (For Moderate Investors): HDFC Top 200, SBI Magnum Sector Umbrella – Contra, Franklin India Bluechip

Equity Diversified (For Aggressive Investors): Religare Contra Fund, Birla SunLife Dividend Yield Plus, ICICI Prudential Discovery Fund

ELSS (For saving Income Tax under Section 80C): HDFC Taxsaver, Fidelity Tax Advantage Fund

[virendra]

Any good large cap funds available from mutual fund houses like ICICI,Franklin Templeton and Reliance?

[pawankumar]

Any good large cap funds available from mutual fund houses like ICICI,Franklin Templeton and Reliance?

I do have few suggestions for you

Choose between some of these
Reliance Equity
Franklin India Bluechip Fund

Choose 1 Mid cap fund from
Reliance Growth
IDFC Premier Equity
ICICI Pru Discovery


Choose 1 Multicap Fund from

Reliance Regular Savings Equity

[pawankumar]

There was something really interesting that i read in ET today.
It was about this news that Most Shares M50’ is slated to be first funda-mentally weighted exchange traded fund (ETF) based on S&P CNX Nifty Index (Nifty) in the Indian stock market.
And they say that its first of its kind funds in india.
see here http://economictimes.indiatimes.com/...ow/6103466.cms