AXIS CONSTANT MATURITY FUND
I had given a trading call in G Secs in a systematic manner from July 2011 (when 10 year benchmark was 8.50%)to November 2011 (when 10 year benchmark peaked at 9% levels). Thereafter I gave a disinvestment call from 8.45% levels on December 11’2011. I also mentioned in that note that the way one can [...]
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All India - Fixed Income Category All Amount – All India No 1
PROVIDING SOLUTIONS – AXIS MUTUAL FUND
At the time of launch of their first NFO, AXIS MF had promised that besides the normal vanilla products, they will come out with schemes which will provide solutions to the investors and ensure that they participate in the right asset class at the right time. Towards fulfilling that promise, one of the schemes they [...]
ONCE AGAIN TIME TO RELOOK AT AXIS SHORT TERM FUND
As expected, 3G money outflow has resulted into a deficit in system liquidity (+42000cr surplus for week ended 21st May to -59990cr deficit for week ended 11th June). As a result, short term rates have reacted upwards – overnight MIBOR at 5.35% (3.80% in May), 3m CD at 6.15% and long rates as follows: AAA [...]
AXIS SHORT TERM PLAN : AN INVESTMENT OPPORTUNITY
I have been recommending investments in AXIS STP since their NFO on January 20’2010. Since then, I have recommended this scheme from time to time as the Fund Manager has stuck to his mandate & delivered performance over various time horizons: Purchase Date Current Date Period % Return 20-Jan-10 13-May-10 113 5.67 11-Feb-10 13-May-10 91 [...]