Friday, April 25, 2008

Focus Fund: Nifty BeES - Invest

Benchmark Mutual Fund's Nifty BeES is the first Exchange Traded Fund (ETF) in India. It is a blend of a share and a mutual fund unit with real-time trading facility on NSE. Being an Index ETF, it tracks the S&P CNX Nifty Index, priced at nearly 1/10th of the Nifty value. The scheme is a convenient and efficient way to own the 50 Nifty stocks in one's portfolio.

JM Tax Gain Fund

JM Taxgain fund opens at NAV 10.39.

Now it is open for fresh purchase.

USP: JM Financial Asset Managemnet Copany do not charge any entry load for any purchase made though SIP in any of equity schemes. (0% entry load in SIP)

At present JM has total 4 equity Fund Mangager.

Mr. Sandip Sabharwal
Mr. Ashit Bandarkar
Mr. Sandeep Nima
Mr. Sanjay Chabaria

See the performance turnaround after new fund management team joins since Dec 2006. As on 23rd April 2008 performnce in one month chart of diversified equity schemes 5 schemes are in top 20 out of 199 schemes.

What a performance....