ADVANTAGE FUND, MINUS THE UNIT

Article Abstract:

Birla Advantage Fund (BAF), an open-ended equity fund managed by Birla Capital AMC, has seen its unit capital decline to Rs97.80 crore in September 1997 from Rs160 crore when it was launched 3 years ago. Its net asset value (NAV) has grown by 45 percent during the period to Rs13.63 now. It has exposed 86 percent of its assets to equity and 11 percent to debt. Its portfolio concentrates on sectors like infotech, pharmaceuticals and consumer goods. The fund does not have any exposure to stocks like Reliance Industries, Tisco, ACC and the State Bank of India. (khr)

Comment:

Has seen its unit capital decline to Rs97.80 crore in 9/97 from Rs160 crore when it was launched 3 years ago

Strategy & planning, Birla Advantage Fund

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UTI LAUNCHES OPEN-ENDED 100% DEBT FUND

Article Abstract:

An open ended 100 percent debt fund has been introduced by the Unit Trust of India (UTI). The fund will invest in fixed income instruments such as debentures, securities and other money market instruments. The fund will plough back the income. The fund will offer regular savings facility, easy liquidity as well as attractive post tax returns to the investors. The scheme is expected to be tax efficient. (ag)

Comment:

Launches open ended 100% debt fund which will be invested in fixed income instruments such as debentures & securities

Unit Trust of India

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KOTHARI PIONEER MF PLANS `INFOTECH FUND'

Article Abstract:

The Kothari Pioneer Mutual Fund plans to launch a fund for the information technology sector called the Infotech Fund. The fund is to be an open ended growth fund and aims to provide long-term capital appreciation by investing mainly in software scrips. It may also invest heavily in money market instruments to protect the interest of investors. The fund is to have a Dividend Plan and a Growth Plan. (khr)

Comment:

Plans to launch fund for information technology sector, called Infotech Fund

Kothari Pioneer Mutual Fund

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