Naming Funds: India

Naming a Fund is akin to naming a child?In good olden days, the child used to be named with Tharavadu, Illapperu, Grandfatther's name, Father's Name and the whatever name the child would be called about and finally the Religion salutation. subsequently, Grandfather's name and Illapperu slipped off, then Father's Name, followed by Religion salutation, and latest tail off being Tharavadu. Some names are such that one cannot infer the religion/sex of the person; What to say about names, even dressing up has made it impossible to make difference between boy or girl!!!That being the societal background, how can we expect the Mutual funds to be different?They are creation of Law. They have to follow the nomenclature as given in the SEBI MF Regulation 1996 and its ammendmends from time to time. If one fund has to called an equity Fund, it has to allocate 65% or more of portfolio into equity. If it is a sectoral fund, it can hold up to 80% of its assets in that segment specialised. The Offer Document gives the prospective investor all information required to make an investment decision. It contain in very clear terms the risk clause that says Past performance, Name of the Fund or its constituents do not gurantee any future performance or indicate anything about future.Now look at these Names and guess what it holds for you. TIGER, LION, CUB, ACE, SMILE, COMMO, ATM, PRUDENCE, AGILE, GenNexT, Hi Fi, STAR, DISCOVERY and REAL; Now read on to find out what the OD really meant!DSP ML TIGER FundThe Infrastructure Growth and Economic Reforms got abbreviated into TIGER.ING LION FundLarge-Cap, Intermediate-Cap, Opportunities, New Fund Offering became LION.ING CUB FundCompetitive Upcoming Businesses got known as CUBMorgan Stanley ACE FundAfter 14 years in India with their first equity scheme listed on the bourses, Morgan Stanley broke the silence offering "ACROSS CAPITALISATION EQUITY" Fund.Sundaram BNP Paribus SMILE FundSmall and Medium Indian Leading Equities came to be known as SMILESBI Magnum COMMO FundInvests in equity shares of companies that are into the commodities (metals/non-metals)business;ING ATM FundIt refers to "Against the Market" philosophy followed by the fund in its portfolio management.HDFC Prudence FundIt is a balanced fund following 60:40 asset allocationLotus India AGILE Tax FundAlpha Generated From Industry Leaders got shortened to AGILEBirla Sun Life GenNexT FundInvests in equity of companies whose products are sought after by Indian Youth.J M Hi Fi FundHousing, Infrastructure, Financial services became Hi FiTaurus Starshare Fund, Optimix 5 Star MultiManager Fund and ICICI Prudential Emerging Star Fund wear STAR in their Name.Taurus Starshare is an opened end equity scheme offering long term capital appreciation.Optimix 5 Star MultiManager Fund aims at using MultiManager style in managing the portfolio of Fund of Funds as an open end equity scheme.ICICI Prudential Emerging STAR Fund defines STAR as" Stocks Targeted At Returns"Taurus Discovery Stock Fund and ICICI Prudential Discovery Fund have attached discovery to tehir Names.Taurus Discovery Fund aims at utitising Price Discovery Mechanism for identification and selection of of low priced securities.ICICI Prudential Discovery Fund promises to use lot of research to identify currently underpriced, fundamentally strong shares.Sahara REAL Fund REAL stands for Retailing, Entertainment and Media Leaders; The AMC has not given any link so far on website for this product.