PRAMERICA TREASURY ADVANTAGE FUND – NFO
A quasi FMP kind of product -an ideal product in a rising interest rate scenario with one year investment horizon Strategy of high accrual (without unnecessary credit calls) combined with roll down effect to generate capital gains Passive strategy of buy and hold & create average maturity between 1 to 1.5 years One year paper [...]
POST MARCH VARIOUS SCHEMES
Prior to March ending and prior to RBI Credit Policy review of March 17, I had recommended following short term plans on various dates. From the following chart one will have an indication of the compression in yield curve over various time buckets on pre March & post March basis: Rates as on Mar-15 [...]
TIMING IT TO PERFECTION – NFO OF PRAMERICA SHORT TERM INCOME FUND
This NFO is similar to an equity NFO at say 10,000 SENSEX levels. There are very high chances of earning good returns from hereon as the debt markets are at their near peak levels; especially the shorter end of the curve. As mentioned in my yesterday’s note on J P Morgan Short Term Income Scheme, [...]
VARIOUS ASSET CLASSES & SCHEMES
So far market participants were not taking any interest rate or duration calls as the interest rate bias was upwards. Since May 2010, RBI has intervened time & again in practically all the Policy Reviews by increasing benchmark rates and narrowing the corridor between REPO & Reverse REPO rates. However, after the last Policy Review [...]
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. [...]