Reliance Capital re-arranges its portfolio
Reliance Capital Asset Management has shown advancement in FMCG, Media & Entertainment and Utilities sector, while a let down in Telecom, Engineering & Capital goods and Oil & Gas space
Online trading platform for Mutual Funds
March 2010 could take investors by surprise with the launch of online trading platform. The platform will enable brokers to do Mutual Funds transactions through the stock exchanges. The platform will also allow retail investors to trade, switch over and do a comparative study of schemes online
Retail Investor shying away from Mutual funds
In October Retails Investors redeemed worth 6500 crore and bought only 4,400 crore. However, Assets under management (AUMs) grew merely 2.3% to 7.74 lakh crore
Religare PSU Equity Fund NFO garners Rs 229 Crores
The open ended equity scheme of RELIANCE MUTUAL FUND has collected over 229 crore for its NFO which was open for subscription from September 29, and closed on October 28, 2009.The scheme is set to reopen for ongoing sale and repurchase in November. The NFO aims at generating capital appreciation by investing in equity and equity related instruments of companies
NAV declines as market ends lower
The advance : decline ratio was 8:229 as the sensex closed 150 points low.
Banking and FMCG declined whereas techonology advanced. Pharma sector got a mixed response. In a nutshell
• Equity diversified NAVs decline sharply
• Banking and FMCG funds decline
• Technology funds advance
• Pharma funds end mixed
• Long term debt funds close mixed with negative bias
• Short term debt funds finish higher
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