MARKETS
MUTUAL FUNDS
Close end redemptions may drain UTI coffers
UNIT Trust of India could face a substantial drain on its coffers and its asset base over the next two years, with a host of close end debt and equity schemes coming up for redemption, and the special liquidity package for the Unit Scheme 64 also ...
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`MF industry must educate investors'
TAKING mutual funds to the masses seems to be the latest preoccupation for fund managers. And, the advice offered is that the industry needs to educate investors and create greater awareness about this asset class in order to make inroads into ...
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MF owndership changes: Investors need a better deal
WITH the co-sponsors of Pioneer ITI mutual fund announcing their intention to sell their stake in the fund to the Franklin Templeton group, Pioneer ITI may become the latest in a long line of funds to see an ownership change over the past four ...
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Big changes ahead in mutual fund industry
THE MUTUAL fund industry may present a completely different picture 18-24 months from now. A sharp drop in the assets under UTI management is likely and this may bring it and some private sector funds almost on a par. UTI's market share has ...
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SEBI on ownership changes
IF YOU are a shareholder in a company, you can be reasonably sure that you will be kept informed of any impending change in the ownership or management of the company in which you are a stakeholder. SEBI's takeover regulations try to ensure, from ...
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Look out for the changes
THOUGH the issue of change in ownership of mutual funds has not received as much attention as similar developments in corporate India, there have been numerous such changes in the past four years. In sheer size and scope, none of the instances ...
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UTI Master Equity Plan 1992: Redeem
WITH the UTI's Master Equity Plan 1992 scheduled for redemption, the Unit Trust of India has offered unitholders the option of switching to any of the other funds managed by it. Unitholders may, instead, opt to redeem their holdings. They must ...
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Prudential ICICI Gilt Fund (Investment Plan): Sell
PRUDENTIAL ICICI Gilt Fund (Investment Plan) returned 26.5 per cent last year. The returns compare well even with equity investments. The bond market, however, carries a huge price risk, having risen sharply since last January. Unit-holders can, ...
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UTI Petro Fund: Hold/Buy (for investors with high risk preference)
INVESTORS in the UTI Petro Sector Fund can continue their exposures in the fund. Business Line had suggested a sell in August 2001 and then a buy in September 2002 after the events of September 11, which triggered a spurt in oil prices and ...
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MIP: UTI seeks Govt support
THE Unit Trust of India (UTI) is faced with shortfall in its various Monthly Income Plans and has approached the Government for a helping hand, as has been indicated by the Finance Minister, Mr Yashwant Sinha. One of the MIPs, maturing in a ...
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Pioneer Infotech: Hold/Avoid fresh exposures
INVESTORS in Pioneer ITI Infotech Fund can stay invested despite concerns that the stocks may be headed for some downside risk in the event of lower earnings guidance for 2002-03. Investors need to take a slightly longer-term view which suggests ...
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Automatic trigger: Not easy at all
THE Unit Trust of India has granted investors the automatic trigger option in several of its schemes. This allows one to exit a scheme automatically after the NAV reaches a pre-specified level in terms of percentage gains or absolute NAV. The ...
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STOCK MARKETS
Markets in March: Marching to normalcy?
CORPORATE America is washing its dirty linen for all world to see. Global Crossing, Qwest Communications, Waste Management and, of course, the infamous Enron. The month was a roller-coaster, with the largest tech sector merger — Compaq and ...
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DERIVATIVES MARKETS
Liquidity risk high in Nifty June
OVERALL Trends: Trading in the cash market during the first week of fiscal 2002-2003 was rather brisk. On a week-on-week basis, the BSE Sensex gained close to 0.9 per cent over the previous week breaking the trend for the first time in ...
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Speculative shift from spot to options
IT IS nine months since exchange-based option trading on individual stocks began in the Indian market. Considering that this is a structural change, it would be interesting to note its impact on the spot market. An analysis suggests that in ...
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Significant volumes in ICICI April contracts
THE previous week's single stock futures sessions were dominated by April contracts. The top contracts in terms of volume were April contracts. Generally, contracts that terminate the earliest are among the most popular ones in the single stock ...
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Satyam counter active
INDEX options: Trading interest in index calls declined during the week. Only one contract managed to find a place among the list of top 10 traded calls. In contrast index puts attracted more trading interest during the week. Around 3 ...
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COMMENTARY
Markets last week: End on optimistic note
IN the run-up to the earnings season, the markets ended on a positive note, with the BSE Sensex appreciating by 31.22 points (or 0.9 per cent ) to close at 3500.77 points. The indices witnessed a sharp uptrend on the expectation of the smooth ...
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Positive trend in Nalco, Archies
AFTER a strong opening, the market sentiment took a big knock on Wednesday with old-economy heavy weights pulling down the Sensex by about 42 points. However, the market zipped ahead on the back of a rebound in the index heavy-weights Hindustan ...
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Firm trend likely in Infy
ITC (Rs 672): In line with last week's expectations, the share price of the company ruled weak. The immediate support for ITC lies at around the Rs 638-640 range. It remains to be seen whether the scrip would seek support at this price ...
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Indian Oil gains 12%
TATA Engineering: The company gained this week as it decided to exit from its holdings in Haldia Petrochemicals. It has an exposure of about Rs 95 crore in a 14 per cent stake in HPL and market perception could have had it that the auto ...
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Nasdaq: Short-term rebound may take shape
AFTER a firm start, the market sentiment at the American bourses weakened as the week progressed. As a result, all the three benchmark indices ended the week on a subdued note. Earlier in the week, concerns relating to earnings growth of ...
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