PRAMERICA ULTRA SHORT TERM BOND FUND- NFO REOPENED
As described in my blog note dated September 21’2010 on the NFO launch of Pramerica Ultra Bond Short Term & why it was the right product at the right time. Their NFO closed on September 23’2010 & has reopened for subscription on September 27’2010. Since then the returns on the said scheme is 6.48% p.a. [...]
PRAMERICA ULTRA SHORT TERM BOND FUND – NFO
A TIMELY NFO OF AN ULTRA SHORT TERM BOND FUND BY PRAMERICA MUTUAL FUND Most of the times, Mutual Fund industry has come up with NFOs of both Equities & Debt when either equity markets are on a run (say SENSEX at 20-21000 levels) or pushed debt market schemes when interest rates have been at [...]
MY COMMENTS IN AN ARTICLE IN ET MUMBAI
WHAT WILL BE THE IMPACT ON VARIOUS ASSET CLASSES POST NEW VALUATION GUIDELINES PRESCRIBED BY SEBI ON MTM OF SECURITIES
LIQUID SCHEMES: SEBI had come out with guidelines for investment criteria for Liquid Schemes viz. no single paper in the Liquid Scheme should have more than 91 days in residual maturity & the said portfolio can then be calculated for NAV purposes on accrual basis. Hence, since these guidelines are already in place, there should [...]
IS IT DOOMSDAY FOR LIQUID PLUS SCHEMES POST JULY 01’ 2010?
As you all are aware, come July 01’2010, new guidelines for valuation of securities for MTM basis will come into effect & create more volatility in all the debt schemes including Liquid Plus schemes. Based on new guidelines, any paper with residual maturity of more than 91 days will have to be Marked to Market [...]