Accumulation of wealth through investments in mutual fund schemes is probably the best bet for retail investors – more so, in the current market conditions. Investment advisers say in times of panic seasoned fund managers can protect your money better than many others and during a rally they can make the money grow faster than the overall market. “It is normal to panic in these situations, but these are times when one can buy cheap,” says Dhirendra Kumar, CEO, Value Research, a fund industry analytics and advisory firm. “There are long-term investment benefits from buying in a panic.”
News Source – ECONOMIC TIMES.
The tumbling markets seemed to have sparked a bit of investor interest in mutual funds. According to fund managers, the mutual fund industry has seen some amount of inflows into equities. “There are a lot of inquiries that are coming in now for investments. In the next three to four months, we expect to see more inflows as valuations get reasonably attractive,” said Mr Ramanathan K., Chief Investment Officer, ING Investment Management (India).
News Source – BUSINESS LINE.
NEW FUND LAUNCH
Reliance Mutual Fund has launched the New Fund Offer (NFO) Reliance Fixed Horizon Fund – XX – Series 24, a close ended income scheme. The NFO opens for subscription on August 10, 2011 and closes on August 11, 2011. The duration of the scheme will be 370 days from the date of allotment of units. No entry and exit load is applicable. The scheme offers dividend payout and growth option.
News Source – LIVE MINT.