Of this and that

1. Mutual funds: a). UTI has come out with a new scheme: UTI Credit opportunities fund.

The New Fund Offer(NFO) will be open for subscription from October 25, 2012 to November 8, 2012. The fund seeks to a minimum subscription amount of Rs 20 crore during the NFO period. It will be available in two options viz. growth and dividend
Entry load charge will be nil for the scheme. The scheme charge an exit load of 1.25% if redeemed on or before 365 days, if redeemed after 365 days and on or before 548 days the exit load charge will be 0.75%. No exit load will be charged if redeemed after 548 days. It is benchmarked against CRISIL Composite Bond fund Index.
                        b). Goldman Sachs MF launched Goldman Sachs India Equity Fund, an open ended fund with an investment objective to generate long-term capital growth from an actively managed portfolio primarily of equity and Equity Related Securities.

The New Fund Offer (NFO) will remain open from October 17, 2012 to October 31, 2012.


2. Signals from the market: Kingfisher Airlines grappling with troubles and Richard Branson making a comment about one or two indian aviation companies disappearing has some rat smelling?

3. Indian banks have started feeling the pinh: Haircut on larger loans are expected by SBI 50% of indian banks are in Govt Sector. More capitalisation could be on way.

 4. Scams of all dimensions





Investor should be  not worrying about short term happenings. Maintain clear plans for individual needs separated from each other. Horses for Courses...
happy investing.