ICRA's subsidiary launches ICRA Mpower
Friday, September 21, 2007
ICRA Online, a wholly-owned subsidiary of ICRA is announcing the launch of ICRA Mpower, a web-based platform for mutual fund distributors and financial advisors, which provides all the tools required for making the distribution business more effective and efficient.
A cost effective solution for setting up the business, ICRA Mpower offers mutual fund distributors a gamut of financial tools to cater for both the pre- and post-investment requirements of clients, thereby paving the path for distributors to build enduring relationships with clients on the strength of quality service and appropriate advice.
ICRA Mpower is being offered by ICRA Online, an independent and credible organisation providing information services and software solutions to the financial services community. The effective combination of high quality data, technical expertise and efficient support, differentiates ICRA Online from its competitors.
ICRA Online's earlier products like MFI Explorer, a mutual fund research and analysis product that has been subscribed to by major mutual funds, distributors and multinational banks, has been the market leader in the country. The company's website MutualFundsIndia.com has also been rated among the best 150 sites in the world by Forbes.
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Published by Webmaster @ 11:48 AM IST.
HDFC Equity + Top 200 Fund - Portfolio Update
Friday, September 14, 2007
Sr. Fund Manager of HDFC Equity fund has completely exited the stocks of DLF, Wipro and TCS. Added more of ICICI Bank and United Phosphorous, which has been in the folio for quite sometime now. UBS has a BUY recommendation on United Phosphorous. The new entrants in the folio are Suzlon Energy and Puravankara Projects Ltd. Realty Stocks have undergone quite a churn in this fund - First it was Ansal Properties and Infrastructure, then DLF and now Purvankara Projects.
In HDFC Top 200 fund, Investment in Maruti Udyog has doubled since the end of July. Suzlon Energy is the new entrant. Added more of United Phosphorous. Reduced holdings in Punj Lloyd and exit from DLF.
In HDFC Prudence Fund, Punj Lloyd and Zee Entertainment holdings were reduced. ICICI Bank and Puravankara projects are the new entrants.
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Published by Webmaster @ 7:09 PM IST.
ICICI Prudential Indo Asia Equity Fund
Wednesday, September 12, 2007
ICICI Prudential Indo Asia Equity Fund is a diversified equity scheme designed to invest predominantly in equity & equity related securities with 65% or more directly into Indian equities across market capitalizations [Flexicap], and up to 35% in Asian Equity Fund. It is an open ended equity fund managed by Prudential Asset Management, Singapore.What is the Rationale behind launching such a Fund ?
Nilesh Shah of ICICI said that India is a great economic growth story amongst Asian countries. China is another which has some complementing industries to India. For instance, the semiconductor industry is absent in India. To cash in on such opportunities, this fund will look to invest in semiconductor stocks available elsewhere in the Asian region. Also 7 of the top 10 fastest growing global economies are in Asia.
Long Term investors can take exposure in this fund. We also advise for SIP and lump sum averaging if the fund provides an opportunity. Most Asian fund managers don't see any big correction in the indices here.
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Published by Webmaster @ 9:20 AM IST.
HDFC + ICICI + Reliance - Investor Unfriendly
Monday, September 10, 2007
India's leading Asset Management Companies [HDFC, ICICI and Reliance] have come together to oppose the Entry Load Waiver that SEBI and AMFI suggested. SEBI said that it was unnecessary to charge Entry Load to informed customers who can select funds and decide on their own.This whole thing looks like a Big CARTEL being formed by Asset Management Companies and Mutual Fund Distributors. For a minute, lets forget New Fund Offerings, where there is a bigger scam. May I know the reason behind imposing a 2.25% entry load to SIP investors ? God dam AMCs we have been SIP investors since 2003. Check this e-mail sent to readers of our group.
Requesting Attention of Our Readers:
After a careful investigation, we decided to file a petition against AMC and Mutual Fund Distributor nexus prevailing in the Indian Capital Market. You are kindly requested to sign this petition and we will forward the same to SEBI, AMFI, Finance Minsitry and also AMCs.
Got a suggestion or comment ? send it to feedback @ dalalstreet.biz
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Published by Webmaster @ 10:47 PM IST.