Mr. Akshay Gupta, Managing Director and CEO said, “Indian equity markets have corrected significantly. Since the peak of Jan 2008, the market has corrected more than 20%. The Sensex P/E for FY 2012 on forward basis is estimated close to 14, which is way below its peak of around 25. We believe in terms of risk-reward ratio, reward is more favourable on a longer term basis. We expect the global and domestic situation to stabilize over next 2-3 months. Therefore, retail investors should take opportunity of market correction and enter the equity assets class for long term out performance.”
Investment Objective: To generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities diversified over various sectors.
Investment Strategy: The portfolio will have an optimal blend of large, mid and small cap stocks based on prevailing macro-economic & socio-political environment, both domestically and globally. The fund aims to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity & equity related securities diversified over various sectors. The scheme will allocate its 80% to 100% in equity and related instruments and 0% to 20% in debt.
NFO Date: 07 September, 2011- 21 September, 2011
Distribution Strategy: The fund house will promote the fund through outdoor advertisements. It will be sold through a mix of channels like IFAs, NDs and banks.
Active IFAs: 500
Minimum application: Rs. 1,000
Target: 50,000 applications
Benchmark: S&P CNX Nifty
Target Investors: The fund is targeted towards retail investors.
Fund Manager: Kaushik Dani
Exit Load: 1 % if redeemed before one year.
R&T: Karvy
