JPMORGAN INDIA SHORT TERM INCOME FUND
CURRENT MARKET SCENARIO: 1 MONTH PRIME CD 8.25% 3 MONTH PRIME CD 9.00% 1 MONTH PRIME CP 10.50% 3 MONTH PRIME CP 10.75% Fund Managers are at an advantageous position of creating very high accrual, high credit quality without resorting to any MTM papers and generate very healthy returns for their investors. JPMorgan Short Term Plan is [...]
PERFORMANCE OF OUR OWN RECOMMENDATIONS OF STPS
I have been recommending one asset class viz. Short Term Plans from June 2009 onwards or even prior to that. On various occasions I had recommended different STP schemes of various AMCs based on their underlying portfolio and other macro factors prevalent in the market. Some of the themes that I had picked up were [...]
GOING FORWARD SHORT TERM PLANS – WHICH ONES? AND WHY?
With the possible scenario of further rate hikes in June/July, I would recommend a more defensive portfolio of creation of Short Term Plans as mentioned below & for the reasons mentioned. I would advise the investors to refrain from taking interest rate calls for some more time as direction of RBI is clear on increasing [...]
PROMISES DELIVERED : AXIS STP
Axis STP NFO closed on January 20’2010. Theme of the NFO was to capture: Higher accrual Capture attractive spreads between 1 & 5 year corporate bonds; which were at historical highs Compression in CD/CP portfolio post March ‘2010 Roll down effect Initially the Fund Manager created a portfolio of 50:50 of 2-5 year corporate bonds [...]
An Alternate Asset Class between Liquid Plus & Short Term Plans
As is the practice every year, there are rumours once again circulating that Government might increase Dividend Distribution Tax (DDT) on debt schemes (other than Liquid Schemes- which already attracts higher DDT of 28% v/s 22% in other debt schemes) in the current Budget to be announced in February 2010. Also, there is a fear [...]