Product Updates

17-Jan-17 ICICI Prudential Fixed Maturity plan – Series 81 – Plan A-J   ICICI Prudential Multiple Yield Fund – Series 13 10-Jan-17 DSP BlackRock Nifty 50 ETF   Reliance Fixed Horizon Fund - XXXIII 9-Jan-17 ICICI Prudential Value Fund - Series 13 to 16.   Union Capital Protection Oriented Fund, Series 7   Union Focused Largecap Fund 6-Jan-17 SBI Equity Opportunities Fund – Series VII to IX 5-Jan-17 IDFC Dual Advantage Fund – Series 1 & 2 3-Jan-17 HDFC Fixed Maturity Plans - Series 38 29-Dec-16 HDFC Charity Fund For Cancer Cure 22-Dec-16 HDFC MSCI India Domestic ETF 20-Dec-16 HDFC Equity Opportunities Fund - Series 2 15-Dec-16 IDFC Equity Opportunity Series...

CPSE ETF FFO - ANCHOR INVESTORS LIST 1.AMBIT ALPHA FUND SCHEME 1 ​ 2.ANDHRA BANK 3.ARMY GROUP INSURANCE FUND 4.AXIS BANK LIMITED ​​ 5.BANK OF BARODA 6.BANK OF BARODA EMPLOYEES PENSION FUND TRUST 7.BANK OF INDIA 8.BIRLA SUN LIFE ADVANTAGE FUND 9.BIRLA SUN LIFE DIVIDEND YIELD PLUS 10.BIRLA SUN LIFE FRONTLINE EQUITY FUND 11.BIRLA SUN LIFE TOP 100 FUND 12.BNP PARIBAS ARBITRAGE 13.BROOKDALE MAURITIUS GLOBAL LIMITED 14.CANARA BANK 15.CITIGROUP GLOBAL MARKETS MAURITIUS PRIVATE LIMITED 16.COAL MINES PROVIDENT FUND ORGANISATION 17.COPTHALL MAURITIUS INVESTMENT LIMITED 18.DENA BANK 19.EDELWEISS ABSOLUTE RETURN FUND 20.EM RESURGENT FUND 21.EMPLOYEES' PROVIDENT FUND ORGANISATION 22.EW CLOVER SCHEME 23.EXIDE LIFE INSURANCE COMPANY LIMITED 24.FOREFRONT ALTERNATIVE EQUITY SCHEME 25.GENERAL INSURANCE CORPORATION OF INDIA 26.HDFC ERGO GENERAL INSURANCE COMPANY LIMITED 27.KOTAK EQUITY SAVINGS FUND 28.LIFE INSURANCE CORPORATION OF INDIA 29.MORGAN STANLEY MAURITIUS COMPANY LIMITED 30.NOMURA SINGAPORE ...

The Government of India is coming up with a 'Further Fund Offer (FFO)' of CPSE Exchange Traded Fund (ETF). It provides an excellent opportunity for you to invest in a basket of quality PSUs with strong fundamentals. The CPSE ETF has delivered an absolute return of 33% since its launch on April 4, 2014 against Nifty 50, which delivered a return of 22% during the same period (as on January 04, 2017). Investment rationale for Further Fund Offer: CPSE Exchange Traded Fund (CPSE ETF) provides investors an opportunity to invest in a basket of 10 Maharatnas & Navratnas with strong fundamentals, which are market leaders in their area of operations. These companies are high dividend yielding companies which are available at attractive market valuations. The current weighted average dividend yield of the CPSE index is around 4.07%, which is significantly higher than Nifty 50's dividend yield of 1.35% (as on December 30, 2016). Investors will be able to diversify exposure across b...

Michael Jordan was born in 1963, in the slums of Brooklyn, New York. He had four  siblings and his father's earnings were not sufficient to provide for the whole family. He grew up in a poor neighbourhood. Exposed to mindless violence and heavy discrimination in the slums, he saw for himself only a hopeless future. His father saw in Michael, a lost soul and decided to do something. He gave Michael, who was 13 years old, a piece of used clothing and asked: "What do you think the value of this outfit would be?" Jordan replied,"Maybe one dollar." His father asked, "Can you sell it for two dollars? If you can sell it, it would mean that you are a big help to your family." Jordan nodded his head, "I'll try, but no guarantee that I'll be successful." Jordan carefully washed the cloth clean. Because they didn't have an iron, to smoothen the cloth, he levelled it with a clothes brush on a flat board, then kept it in the sun to dry. The ne...

Some thumb rules for house and car 1) In a fair market, the rental yields are close to cost of borrowing. If cost of borrowing is 10%, rental yield also need to be around 10%. Then only it makes sense to own a house. 2) Another thumb rule is that the value of the property should not be more than 3 times one's annual income. If your annual income is Rs.24 lakhs, your house purchase value should not be more than Rs.72 lakhs. 3) The house price to rent ratio should be around 15. If a house cost Rs.1 Crore and the annual rent is Rs.3 lakhs; the price to rent ratio works out to 33, which is very expensive. Going by the thumb rule, if this ratio is above 20, then the cost of owning is considered higher than cost of renting. This means you would be better of paying rent. In other words, the minimum rental yield should be 5% to justify owning a property. 4) Make it a point to save atleast 50% of the property value as down payment; till then live in a rented place. 10% down payment means yo...

By FC Bureau Dec 28 2016 , New Delhi The government is set to launch the second exchange-traded fund (ETF) soon to expedite dilution of its stakes in listed PSUs, as well as in companies held through SUUTI. The new ETF is estimated to have an initial corpus of Rs 6,000 crore, which might increase later. The list of participating PSUs would be finalised later. An ETF is a security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. The government has decided to launch a new CPSE ETF, as it is unable to introduce changes to make the existing one more investor-friendly, pending regulatory clearance for transfer of fund management to Reliance Capital Asset Management (RCAM) from Goldman Sachs after the latter sold off its Indian mutual fund business. RCAM took over Goldman Sachs' mutual fund business in India for Rs 243 crore in October last year. The department of investment and public asset management (DIPAM) on Tuesday ...