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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (6291)	9/3/1999 3:15:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Mutual Funds: Four Kothari Pioneer Funds yield at 100% Kothari Pioneer Mutaul Funds - Wesbite kotharipioneer.com (Saturday, September 4, 1999) Our Markets Bureau in Mumbai Four of Kothari Pioneer Asset Management's schemes -- Prima Fund, Prima Plus, Infotech Fund and TaxShield 95 -- have yielded over 100 per cent return during the last one year. The Prima Fund has generated a return of 112.37 per cent, Prima Plus 111.37 per cent, Tax Shield 95 102 per cent, while the Infotech Fund has given a whopping 193.40 per cent return. The net asset values (NAV) of Prima Fund and Prima Plus, both which were below par in September last year, stood at Rs 21.64 and Rs 18.86, respectively, on August 31 this year. Other schemes managed by Kothari Pioneer have also reported excellent results during this period. For example, the Blue Chip Fund has clocked a return of 94.13 per cent in the last one year, while the fast moving consumer goods (FMCG) and Pharma Funds, launched in April this year, have yielded a return of 28 per cent on average since inception. "On the whole, signs of improving demand and corporate profitability are clear and this could be a major factor in sustaining a rally in the foreseeable future," said R Sukumar, fund manager, Kothari Pioneer. The investor base of Kothari Pioneer has now risen to 3.20 lakh investors, which is the second largest for a private sector fund. Morgan Stanley Asset Management heads the table with a base of more than 1 million investors. "The investor base would have been still higher but for the fact that many of our funds have been around for more than five years. Many of the investors who have made profits are now redeeming their holdings and rightly so," said Prem Khatri, vice-president marketing, Kothari Pioneer. Khatri added that investors are now flocking to their equity-related schemes rather than income plans. "Last year, 58 per cent of the total applications were for equity-related schemes. In value terms these may not be very high considering that most of the applicants were retail investors," Khatri said. "However, it dispels the popular notion that the retail investor is generally averse to investing in equity plans," he added. He also said that out of the total applications for private sector mutual funds, about 42 per cent were for equity-linked schemes. "This clearly shows that the interest for equity schemes is fast catching up," he said. (Courtesy:Business Standard)