hi,i am new for the MF.. I bought ICICI pru fusion fund series II in march'07.. Is it a goods fund ?? do i retain or sell off ? if i hv to retain than how long ?? please help and advise.
RE:Insight
by Rahul Golash on Jun 20, 2007 06:01 PM Permalink
MFs never actually beat the market...they always fall short of it....here is the proof with facts:
I invsetd Rs. 10000/- @ NAV of 17.41 in Sundaram BNP Paribas Tax Saver - Div on March-2006. Today's NAV is 13.4766. Though it has given me a dividend of Rs.3446/- but its NAV has never reached my purchased price forget about surpassing it. Has anybody got any idea about its future performance.
RE:Query related to Sundaram BNP Paribas Tax Saver - Div
by P M V Sai Kumar on Jun 20, 2007 04:21 PM Permalink
It's not a much known fund at least for me. But I do invest in a number of funds.
You must have locked your fund for 3 years. You said it's a tax saver fund, right? Talk to your portfolio manager and if possible take your money out of that fund and try investing in some happening fund, dude. Search through the Net. You will find a good number of funds with good returns.
RE:Query related to Sundaram BNP Paribas Tax Saver - Div
by sunil kumar mandal on Jun 20, 2007 04:09 PM Permalink
who told to you purchae m.f in high nav/always take m.f in 10 rs open value.
RE:Query related to Sundaram BNP Paribas Tax Saver - Div
by \\\Sandeep Sharma// on Jun 21, 2007 11:22 AM Permalink
wELL mR sUNIL .. U dont ABCD of MF investing an advising people .. Go get some kowlede b4 delivering posts on the Finance issues
RE:Query related to Sundaram BNP Paribas Tax Saver - Div
by ashwin sheorey on Jun 20, 2007 09:03 PM Permalink
1) Reply given by Mr. sunil kumar mandal is totally wrong. one should avoid investing in NFO since it has 1) No track record 2) is more expensive given the advertising expenses of a NFO. 2) Please check performance of your fund with its benchmark as well as SBI-Magnum taxgain & HDFC taxgain for the same period. Also check what stocks the fund is holding. 3) after dividend the NAV fall proportional to the div. declared. Switch to growth option in case the fund has one.
RE:Query related to Sundaram BNP Paribas Tax Saver - Div
by wizwealth Services on Jun 20, 2007 04:17 PM Permalink
Mr ankur sud. after div NAV will come down to that extend.if you were not taking the div.the Nav would have been {13.47 6}19.47.this is a good fund.try to change it to growth option to better performance and start a SIP for the next year in the same.and see the return.
RE:Query related to Sundaram BNP Paribas Tax Saver - Div
by Prateek Basu on Jun 20, 2007 04:40 PM Permalink
it is a wrong notion that the Growth option will give increased returns.The retuns are identical in both the Dividend and the Growth options.It seems that certain boarders use this forum to mislead investors who visit the site hoping to get genuine advice.There are better funds in the ELSS category whose returns are considerably more.
I have taken SBIGMF, for 50K, i was allotted 1515.153@ 31 rs each in last march, now it is 30.52. how much is my total NAV. I am yet to receive the divident allotted to me rs.7500/- . i am i under loss of gain pls can any one help me out
RE:SBI Global Magnum Fund Divident
by arun kumar on Jun 20, 2007 04:39 PM Permalink
hi once the didvidend is paid you have to notice the new NAV it will be NEw NAV= present NAV- divident per unit. you wont be underloss.
RE:SBI Global Magnum Fund Divident
by ARUNAV SHUKLA on Jun 20, 2007 03:31 PM Permalink
Sri Bolishetty
I am a distributor of MF at Jamshedpur, Delhi and my all clients received the devidend long back. I can suggest you that Please check your bank account given in the MF application whether it has been directly credited.
If not, Please give your folio no. to me so that it can be taken up with AMC SBI or CAMS.
RE:SBI Global Magnum Fund Divident
by T a s i n on Jun 20, 2007 03:59 PM Permalink
Hi shuklaji, i know u have good intentions but avoid putting ur personal info on Net.. Have a nice day. Tasin, Chennai
RE:SBI Global Magnum Fund Divident
by sanjay Naik on Jun 20, 2007 03:30 PM Permalink
Dear shett,
For NAV's u can visit www.sbimf.com and for your dividend payment you can ask your broker or the Relationship manager of the nearest branch. Give him your MF A/c No. and ask for the dividend payment. For your kind information sometime the dividend is directly credit in to your bank account (Account No. given during MF investment. Please cheque with your bank passbook aswel.
RE:SBI Global Magnum Fund Divident
by Moni RS on Jun 20, 2007 03:24 PM Permalink
some times it will be send as cheque if it fails to do an auto credit to bank ac, so you need to check your bank ac and make sure cheques are not delivered to contact address,if not pls contact your SBI MF office or from where you have purchased,
RE:SBI Global Magnum Fund Divident
by Easy Invest on Jun 20, 2007 03:26 PM Permalink
check you NAV at www.info123info.com. Don't worry, this is one of the best performing fund. You should reap a good benefit in long term.
