Business Daily from THE HINDU group of publications
Thursday, Jan 24, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Jan 24, 2008 ePaper | Mobile/PDA Version |
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Markets
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Mutual Funds Our Bureau Hyderabad, Jan. 23 Standard Chartered Mutual Fund will be focusing on high-margin products in its equity fund segment over the next two years. “StanChart MF has forayed into equity schemes two years ago after gaining a firm ground in fixed income fund (debt fund) segment. We now have a platform on which we can build a sound business,” Mr Rajiv Anand, Head (Investments), Standard Chartered MF told Business Line here on Monday. The fund house, sponsored by Standard Chartered Group, currently has a product/business ratio of 35:65 in equity schemes and debt schemes. “Our target is to bring equity and debt products to 50:50 over next two years,” Mr Anand said. The firm, which has recently launched a three-year close-ended fund (StanChart Small and Mid Cap Fund) to be closed on February 15, is also working on new products. “. More Stories on : Mutual Funds
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