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Mutual fund advertisements usually put you to sleep. But here’s a new one. Birla Sun Life Mutual Fund has put up a short clip on YouTube that answers the basic questions novice investors would have in mind. The mutual fund song, set in a ‘question and answer’ format, emphasises that one should stay invested for long. Timing is not very critical to MF investments, any time is a good time, is the larger message conveyed through the song. The song also asserts that ‘risk’ is synonymous not just with equity investment but with every activity we do. While car driving is risky, it does not prevent one from going on long drives. As for the numerous schemes floated by fund houses, it says studying them with care would help investors understand the differences. The song has had over 5.75 lakh hits so far. Here’s the link — >https://www.youtube.com/watch?v=XURPfyDXoRg& feature=youtu.be
Betting on Europe
If you think the US theme is overdone, why not try out Europe if you think it is out of the woods? Here are two fund-of-funds (FOFs) that may interest you — Religare Invesco Pan European Equity and JP Morgan Europe Dynamic Equity Offshore. Religare Invesco’s Pan European Equity will invest predominantly in Invesco’s Pan European Equity Fund, a large-cap fund. The fund will close for subscription on January 29, 2014, and will be managed by Neelesh Dhamnaskar.
Likewise, JP Morgan Europe Dynamic Equity Offshore will invest predominantly in JP Morgan Europe Dynamic Fund, which bets on aggressively managed European companies. This fund will be open for subscription until January 31, 2014 and will be benchmarked to MSCI Europe Index.
Ride the recovery
It's hardly a month since 2014 has been flagged off and seven new equity funds have already been launched! After a five-year hiatus, fund houses have turned active with equity fund launches. The latest one to join the bandwagon is ICICI Prudential Mutual Fund with its Equity Savings Series - I. The fund will invest in stocks that qualify for investment under the Rajiv Gandhi Equity Savings Scheme (RGESS) and have potential to improve their return on equity over the next three years.
With CNX 100 Index as its benchmark and a three-year lock-in, the fund will bet on stocks that will benefit from events such as economic recovery and a favourable regulatory change. The fund is open for subscription until February 7, 2014, and will be managed by Manish Gunwani and Venkatesh Sanjeevi.
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