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Sunday, July 07, 2002

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MUTUAL FUNDS


Funds and futures — Leveraged positions
MUTUAL funds in India are not allowed to leverage their position. In other words, they are not allowed to borrow and invest long, except for temporary periods to overcome liquidity constraints. But using derivatives, mutual funds can leverage ... More

Prudential ICICI Tax Plan: Hold
WITH the three-year lock-in period on their holdings expiring in August 2002, initial investors in the PruICICI Tax Plan will soon have the opportunity to sell their units in the fund as the repurchase window opens. However, except for those in ... More

UTI's NPAs and SEBI's policy: Unfair to investors
IN the case of MIP 95, the UTI has said that any recoveries from its non-performing assets within the next two years will be repaid to investors. If the recoveries are made after two years, the amounts will be diverted to the Investor ... More

MIP 95 Fund: Recovering NPAs to pay up
THE Unit Trust of India (UTI) has indicated that recoveries from non-performing assets will be distributed to all the unitholders of MIP 95 over the next two years. The NPAs in the scheme aggregated Rs 184 crore and the income deprived of on ... More

A reality check on MF bonus units
Even as mutual funds lure investors with bonus units, SEBI must make sure that mutual fund advertisements also focus on investment performance, provide suitable comparisons and offer details of where an investor can get additional information. The bu siness of "invest before such and such a date for a particular benefit" has to be completely disallowed. More

Explaining exchange traded fund
THIS article explains the concept of an exchange traded fund (ETF). An ETF is a combination of an open-end and a close-end fund. Like any open-end fund, you can buy units with the fund. But there is a difference. In an open-end fund, you will ... More

HDFC Index Fund: Unattractive
IN an attempt to offer investors an array of products to choose from, some asset management companies have come up with index funds. HDFC Mutual Fund is the latest. However, for investors in India, index funds may not be the appropriate vehicle ... More

  • Zurich India Sovereign Gilt Fund: Invest
  • US-1995: Hold
  • Alliance Capital Tax Relief: Hold

    DERIVATIVES MARKETS


    Equities perk up; Sensex gains 86 points
    THE preceding week witnessed a moderate rise in equities. Consequently, the BSE Sensex gained 86 points (2.65 per cent) during the preceding week to close at 3,331 points on July 5, 2002. The rise in the Sensex may have been moderate, but the ... More

    COMMENTARY


    Retail investors outwit FIIs, MFs
    TITAN Industries, MRF and NIIT are three stocks where the public shareholding has risen the most in 2002-03. The Titan Industries stock is up 90 per cent between March 2001 and now, MRF is up 19 per cent and NIIT has made modest gains of 14 per ... More

    FIIs/retail investors ahead, MFs retreat — Whose share is it anyway?
    INDIA INC's shareholding pattern in 2001-02 appears to clearly in favour of foreign institutional investors (FIIs). This is not surprising as it is but a continuation of a trend that has been in evidence in the last seven years with the FIIs ... More

    Markets in June — Corporates spoil the party
    WHILE the World Cup Soccer was hogging the attention of the world population in June, the markets across the globe were in the dumps and negative sentiment was pervasive as bad news spilled in from different quarters. A slew of accounting ... More

    Modest recovery marks the week
    STOCKS had a breather last week after a few weeks of downside movements and of trading in a narrow range. It was by no means a sharp rally but a rally of sorts it was nonetheless. There were no major negative news to weigh on stocks as in the ... More

    Short-term uptrend in Tata Elxsi
    THE stock market sentiment was distinctly positive during the week gone by. The benchmark BSE Sensex managed to register a gain of about 90 points over the last five trading sessions. The firm trend was underpinned by the rally in the share price ... More

    ITC may seek higher levels
    ITC (Rs 723.9): Contrary to expectations, the scrip ruled extremely strong last week. It comfortably broke above the last week's projected resistance level of Rs 680. As a result, the near-term outlook for the scrip has turned now ... More

    HMT moves up 52 pc
    MARKETS this week rolled pretty much on the momentum of their constituent traded stocks. Among counters whose market valuations gelled with their fundamental developments were: Ranbaxy Laboratories: Shares opened weaker than the previous ... More

  • Nasdaq at critical juncture

    RECOMMENDATION


    Macmillan India: Hold/Buy on declines
    FROM being a plain, `Old' Economy publishing company to a net-savvy company offering IT-enabled services, Macmillan India is forging a growth strategy in the information technology business that could boost its bottomline in the long run. ... More

    e-Serve International: Hold
    THE IT-enabled services major, e-Serve International, of the Citigroup, has turned in a robust performance for the year ended March 31, 2002. It ended the year with income from operations of Rs 201.04 crore and post-tax earnings of Rs 10.37 crore ... More

    Tata Tea: Hold/Avoid fresh exposures
    Early indications of a turnaround in Tetley's operations have prompted a surge in the Tata Tea stock. Fears that the acquisition would prove to be an albatross for Tata Tea now seem unfounded. But the shrinking domestic market for packed tea may yet prove to be the challenge for Tata Tea, says Aarati Krishnan. More

    Vysya Bank: Sell
    INVESTORS in the Vysya Bank stock can book profits. The stock price has appreciated around 140 per cent since the beginning of the year. Considering that the stock's valuation appears stretched, this may be an appropriate time to book profits. ... More

    Pidilite Industries: Buy
    AFTER reporting a modest earnings growth in the previous year, Pidilite Industries improved its performance for the year-ended March 2002. Better known as the manufacturer of the Fevicol brand of adhesives, Pidilite Industries makes adhesives and ... More

  • Paper Products: Book profits now
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  • Top Stories
    Retail investors outwit FIIs, MFs


    Rs 2.45 hike in sugarcane floor likely

    Lacking vision to light up lives

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives
    Looking back
    Jun. 30-Jul. 6
    April-June M-cap declines 5.83 pc — Finance, auto stocks buck the trend


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