Mutual Funds - Channelising wealth!
Printed From: The Equity Desk
Category: Market Strategies
Forum Name: Fundamental
Forum Discription: Discuss the operations and finances of any of your companies.Make the other participants aware on the investment opportunities available in a stock on PE free cash flow etc
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=978
Printed Date: 19/Apr/2025 at 10:17pm
Topic: Mutual Funds - Channelising wealth!
Posted By: kulman
Subject: Mutual Funds - Channelising wealth!
Date Posted: 12/Jun/2007 at 8:47am
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Basant jee.....please move this to relevant thread.
| http://www.business-standard.com/common/storypage.php?autono=287478&leftnm=0&subLeft=0&chkFlg= - 2,45,411 investors debut in MF industry (BS) |
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| The domestic fund industry added 245,411 investor accounts in May, taking the total number to 30,954,195 against 253,663 added in April, according to Securities and Exchange Board of India (Sebi). |
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| Investor response was marked among diversified equity and equity-linked saving schemes, whose tally rose by 1,32,721 and 70,258, respectively. Only four new schemes were launched last month. |
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NEW ENTRANTS
The number of investor accounts of funds |
| Category |
30-Apr |
31-May |
Change |
| Liquid |
2,03,419 |
2,19,789 |
16,370 |
| Gilt |
24,668 |
25,509 |
841 |
| Income |
29,13,414 |
29,32,637 |
19,223 |
| ELSS |
45,98,623 |
46,68,881 |
70,258 |
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Diversified equity |
2,09,99,749 |
2,11,32,470 |
1,32,721 |
| Balanced |
18,30,980 |
18,38,467 |
7,487 |
| Gold ETFs |
47,520 |
47,697 |
177 |
| Other ETFs |
3,476 |
3,985 |
509 |
| Fund of funds |
86,935 |
84,760 |
-2,175 |
| Total |
3,07,08,784 |
3,09,54,195 |
2,45,411 |
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Life can only be understood backwards—but it must be lived forwards
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Replies:
Posted By: basant
Date Posted: 12/Jun/2007 at 10:23am
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From July new MF investors would need PAN. This could put some temporary brake on the MF money spinning saga but over a longer period of time the Indian MF's would become bigger then the FII's Indian Investment. As it is Reliance MF with about US $ 15 billion is larger then HSBC the biggest foreign investor in India who has around US $ 7 billion invested here (figures are approximates).
I do not know but as ICICI PRU decreased the SIP level to Rs 50 per month this decision to make PAN mandatory seemed a bit out of place. SOmeone with a PAN number would not go out and do a SIP of only RS 50/-.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Posted By: deveshkayal
Date Posted: 13/Jun/2007 at 12:23pm
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Madhusudan Kela, head of Equities at Reliance Capital Asset Management spoke to Mayur Shekhar Jha about the various investment options before investors, trends in the mutual fund industry and his company’s plans. Excerpts:
Of late, AUMs have registered a sharp increase. What is your take on this?
I believe that the Indian mutual fund industry is in its very early stages of growth. Today, with only $100 billion of AUMs, the industry still is minuscule in the context of the domestic savings in the country and the global scale. For example, the US Mutual Fund industry is 100 times larger than that of India, while the US GDP is only 13 times that of India. Also, Brazil’s mutual fund industry is about four to five times that of Indian mutual fund industry, which reflects huge under penetration in India.
Inspite of having grown from 20 cities to 170 cities and from 20,000 investors to 33 lakh investors over the last five years, we at RMF believe we are at the mezzanine floor of a 40-floor building.
Considering the fact that the domestic equity holdings as a part of total savings is currently about 2%, we strongly believe that over the next five years, it could easily move to 5%. In other words, it would mean an additional investment of more than Rs 3 lakh crore. This however assumes that the current economic environment will continue.
Where do you see the next big opportunity — midcaps or bluechips?
In India, we are seeing structural shift in the GDP growth rate which has moved up from an average of 6% in the last five years to over 9% currently . In this environment, we believe that companies which have the right scalable business model, competitive positioning, cost leadership and execution capabilities will deliver strong returns irrespective of their size. Our objective has always been to identify mid-cap companies which can become large-cap over a period of time. We see the next lever of growth to come from domestic consumption and infrastructure companies.
New sectors like media, retail, etc will continue to emerge and grow larger in size. (ET)
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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Posted By: smartcat
Date Posted: 13/Jun/2007 at 4:34pm
| The domestic fund industry added 245,411 investor accounts in May, taking the total number to 30,954,195 against 253,663 added in April, according to Securities and Exchange Board of India (Sebi). |
These numbers could be misleading. I have a feeling these are not 'virgin' MF investors. By investor account, I think they mean 'folio account numbers'.
Lots of MF investors churn their portfolios (sell old MFs and go for NFOs).
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Posted By: kulman
Date Posted: 13/Jun/2007 at 4:37pm
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Yes, you may be right.
Even if half of them are new investor accounts, still it is encouraging.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: basant
Date Posted: 13/Jun/2007 at 4:51pm
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When they say industry it shoudl be the net addition. That is because they are taking a consolidated number.
http://www.theequitydesk.com/forum/forum_posts.asp?TID=940 - This thread is also relevant for this discussion.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Posted By: kulman
Date Posted: 13/Jun/2007 at 6:29pm
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http://economictimes.indiatimes.com/Housewives_jostle_for_space_on_bourses/articleshow/2119501.cms - Housewives jostle for space on bourses (ET)
After the usual gossip and discussions on jewellery and designer clothes, the talks veer around the hitherto uncharted territory of IPOs, demat accounts, BSE and NSE indices and what shares to buy.
As the stock markets boom, housewives and even some college students are taking interest in the markets and some of them are managing their portfolios well too.
"There is a feeling among youth and housewives that they too should invest. Call centre employees, who earn a good salary, easily invest upto Rs 5,000 per month in mutual funds (MFs). Housewives too invest in small if not big amounts," says Dwij Seth, Assistant Vice-President Online, India Bulls.
You can say that housewives have now sharpened their knives to cut their share from the booming stock market pie, he adds.
"You can attribute the awareness among the housewives to business channels," says Ravinder Seth, Managing Director, Elite Stock Exchange Ltd.
"If 50 per cent of the housewives watch the saans-bahu soaps on the television, there are 50 per cent watching the programme on the economy," he adds. Agreeing that there is increased interest among women in investments, he says that if three years ago, ten out of 100 queries his company was receiving on investment were from women, the number has gone up to 30 out of 100.
"Housewives have come out of kitchens and engaging themselves in various vacations like direct sales, event management. They are earning money and contributing to the household income," says Raju Vyas, Chartered Accountant. And as they start earning money, they want it to be managed in intelligent way, he says.
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Sometime during last year, CNBC had interviewed a group of Kolakta based housewives & their Guru.
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Life can only be understood backwards—but it must be lived forwards
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Posted By: basant
Date Posted: 13/Jun/2007 at 6:46pm
The Saas Bahu and sensex syndrome but they need a better advisor then Prakash Gaba!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Posted By: us121
Date Posted: 18/Jul/2007 at 9:42pm
source: from my friend,
Sameer
Rastogi
Managing
Director
Saksham Wealth Solutions P.
Limited
K-101, Third floor, Lajpat Nagar –
2
New
Delhi – 110024, India -----------------
Since the time, Sandip Sabharwal has
joined JM Fund House and Kenneth Andrade joined Standard Chartered, they have
turned around the fortune of their fund houses. Here is the evidence of
substantial outperformance of their funds.
|
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JM
Basic Fund |
Standard
Chartered Premier Equity Fund |
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Fund
Manager |
Sandip Sabharwal along
with Asit Bhandarkar |
Kenneth
Andrade |
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Month of
Joining |
December
2006 |
February
2007 |
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No. of Stocks in
P/F |
21 |
26 |
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Fund Management
Style |
Midcap – Growth
oriented |
Midcap – Growth and
Value |
|
Fund PE
Ratio |
23.58 |
38.52 |
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Fund
Size |
17.6
Cr |
196.45
Cr |
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Returns
|
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Since the Joining
of Fund Manager |
27.56% (Outperformance
of 3.5 times Category Average and 6.3 times BSE
sensex) |
19.62% (Outperformance
of 12 times BSE Sensex) |
|
Before the
joining of Fund Manager |
On 1 year basis, the
fund underperformed by 0.9 in comparison to
Sensex |
Underperformance of 0.7
in comparison to Sensex |
We suggest investing in Standard
Chartered Premier Equity Fund to aggressive
investors.
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ABILITY will get u at d top. CHARACTER will retain u at d top
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Posted By: deveshkayal
Date Posted: 18/Jul/2007 at 10:08pm
I have been recommending Stan Chart Premier Fund for the past few weeks..Fund Portfolio is awesome..More details http://www.theequitydesk.com/forum/forum_posts.asp?TID=928&PN=5 - here
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"You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett
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Posted By: basant
Date Posted: 18/Jul/2007 at 10:18pm
I have met kenneth. Prior to joining Stan C he was working with Kotak in their research department. Is new to the fund management industry but what a job he has done for his stakeholders!!!
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Posted By: kulman
Date Posted: 02/Aug/2007 at 12:24pm
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MFs become richer by $20 billion in July
Domestic mutual funds have added over $20 billion (Rs80,000 crore) in July to their $100-billion kitty, driven by fresh capital raised through new fund offerings (NFOs) as well as a sharp rally in stock markets.
The total asset under management (AUM) of the country’s fund houses rose to Rs4,86,513 crore at the end of July, a jump of 21.5% from Rs4,00,333 crore a month ago, according to the latest data released by the Association of Mutual Funds in India.
Reliance Mutual Fund maintains its top position as the country’s largest fund house with AUM of Rs66,420.03 crore
ICICI Prudential remained at the second slot and added Rs5,074.8 crore in last month to its AUM which stand at Rs48,688.55 crore, while PSU major UTI MF is at the third rank with assets worth Rs42,547.60 crore in July.
Source: http://www.livemint.com/2007/08/02190602/MFs-become-richer-by-20-billi.html - LiveMint
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Life can only be understood backwards—but it must be lived forwards
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Posted By: kulman
Date Posted: 22/Aug/2007 at 9:06am
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No entry fee for direct applicants in MFs mooted
The Securities and Exchange Board of India proposes to waive the ‘entry load’ for investors making direct applications in mutual fund schemes.
SEBI said direct applications include the ones received through the Internet, submitted to AMC or collection centre or Investor Service Centre and are not routed through any broker, distributor or agent.
Analysts said the move would help the informed investors who did not require the advice of the distributor chain.
SEBI has ordered that the loads collected by the asset management companies for each scheme should be maintained in a separate account and be utilised towards meeting the selling and distribution expenses.
As the amount collected through the direct route accounts for only 5-10 per cent of the total amount collected in a fund, the AMCs will not be hit by the move, said fund houses.
Source: http://www.thehindubusinessline.com/2007/08/23/stories/2007082352880100.htm - HBL news
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Life can only be understood backwards—but it must be lived forwards
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