Career Search

Tuesday, September 17, 2013

ICICI Prudential Global Stable Equity Fund

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

 

Investors should hunt for a truly diversified global equity fund

WHAT IS IT: ICICI Prudential Global Stable Equity Fund (IPGSEF) is an open-ended global equity fund of fund (FoF) aiming to deploy your money in subscription of units of Luxembourg-registered Nordea 1-Global Stable Equity Fund-Unhedged (N1GSEFU), managed by Nordea Group, a pan-European banking entity based in Luxembourg and Switzerland. For ICICI Prudential Asset Management, IPGSEF is its second offering in the global fund category; the first one being its US Bluechip Equity Fund launched in June last year.

NFO PERIOD: August 27 to September 10. Minimum application amount is Rs 5,000.


ASSET ALLOCATION: Between 95 and 100 per cent of the fund's corpus will be invested in units of N1GSEFU and potentially in units of other overseas mutual fund schemes. The fund manager may keep up to 5 per cent in domestic money market securities or cash.


SCHEME OBJECTIVE: The stated objective of IPGSEF is to provide adequate re turns by investing in units of overseas mutual fund schemes that have the mandate to invest globally.

 

BENCHMARK: The fund will be benchmarked to MSCI World­Net Return Index, although the un derlying fund in which it will invest, N1GSEFU, does not benchmark its does not benchmark its performance to any index.


Big players in the domestic mutual fund industry have a tendency to exploit investors' rapidly changing sentiments during volatile domestic equity market. New and old global fund schemes are being sold aggressively due to poor performance of domestic equity market over the past couple of years. The words `global stable' in the name of IPGSEF is tempting since it gives an impression of wide diversification across the globe.


But look at the percentages of N1GSEFU's corpus deployed country-wise in July -55.4 in the US, 9.2 in Japan, 8.2 in the UK, 5.9 in France, 4.2 in Switzerland, 4.0 in Canada, 3.1 in Spain and 2.1 in Israel. These eight countries alone gobble up 92.1 per cent and all of them are developed countries. N1GSEFU does not have a long-term track record; it was launched a just over three years ago. Its returns have been volatile during this time despite the name having the word `stable' in it.


When 2011 ended, and annual performance gauged, N1GSEFU was the top performer among Noreea's 17 equity funds having varying themes of region, country and global. But when 2012 ended, it was the secondworst performing fund among 23 Nordeau equity funds.


Investors should hunt for a truly diversified global equity fund that invests in a widely diversified mix of developing and developed markets.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

No comments: