iCharts Discussions

[gabbar.singh]

How is this fund? Any suggestions!

If you have to choose one fund out of the following, which one would you do?

1) ICICI Prudential Dynamic
2) HDFC Equity
3) DSPBR Equity

[ConMan]

I would rather suggest you invest in HSBC Equity fund...
not aggressive and very experienced team

[rsnagesh]

Helo fellow members,

I would rather suggests Reliance Diversified Power Sector Fund, Sundaram Bnp Paribas Energy Opportunities Fund, Reliance Natural Resources Fund, Tata Infrastructure Fund, Icici Infrastructure Fund, SBI Magnum Multiplier Plus Fund with an Diversified approach HDFC Prudence Fund and IPO Fund of Reliance Infrastructure Fund would be a better choice for " STUPENDOUS PERFORMANCE " and would suggest you all to stay invested for a minimum period of 3 years from as of now. and a maximum of 5 years to 10 years.

If all the fellow members would take initiative and implement the above suggestion & Investment, Everyone would be generating a minimum appreciation of more than double of their capital get invested in. And the maximum would be 3 times between 3 to 5 years term and 5 times to 10 times between 5 to 10 years term.

Wishing everyone to generate a maximum returns and so on.

With regards,

(R.S. NAGESH).

[Class]

Hi gabbar.singh,
ICICI Prudential Dynamic fund is a blended fund with Large and Mid Cap companies. It roughly follows the Nifty. i.e. pull up nifty in icharts and roughly that's the performance of the fund!

You can go to their website and do your research - icicipruamc. Treat it as investing in the stock market, check the fund managers performance, which companies are in the fund etc.

Nifty is coming on to doubling since beginning of March 09, so it's likely the fund is near doubling already. If you're determined to go ahead, wait for a drop in the nifty and then go direct to the AMC to cut out middleman commissions. (That's assuming the market will go back up )
Class.

[pkholla]

Not everyone reads/ can read Hindu Business Line newspaper depending on where it is published.
There is an excellent interview today with Sankaran Naren, CIO, ICICI Pru.
Eye opener especially for those who invest/ want to invest positionally in cash scrips
Good for both veterans and newbies.
Cheers, Prakash Holla

[AmitSwl_FnO]

PK Holla ji i beg to disagree with you.The interview is very typical fund manager interview.

Amit

[pkholla]

Amit: I am just Prakash. Not from pasta/ pizza family and my surname is not Vadra!

What dont you agree with?
1 Buy equity when GDP growth is low?
2 Top-down/ contra/ value method of stock picking?
3 Buy equity when times bad , sell when times good?
4 Use price-to-book value ratio instead of price-earnings?
Buy if <2>3?
5 Buy small, mid cap, they are undervalued, not touched by FIIs?
6 Buy value stocks, will hold value even if Fed eases QE?
7 Avoid consumer/ pharma/ FMCG/IT because they have high PE values and are expensive?

Please read the article properly. Naren is NOT begging you to buy ICICI Pru schemes. He is JUST explaining his investing mantra. When someone like him beats the industry index 3 times in a row, we should at least pay attn. to his ideas, humbly!

Cheers, Prakash Holla

[AmitSwl_FnO]

PK,
I am not an acolyte of value investing but I just don't agree with general mutual fund practices.

1.No Capital Protection in falling markets.: Take icici pru for example the drawdown peak in 2008 is 54.7%.Where is the Mr IIT -IIM. ??? Why the fund did not short or be on cash?

"The manger writes... "In 2007, we put in place a new research model that completely changed the way we looked at stocks. That year showed us the importance of top-down investing (using the big picture to arrive at stocks to invest in). Where was that big picture?

PK..i have successfully applied modern value investment principles.Sorry for the violation of forum rule ..but my returns have been much better than all the mutual funds.Mutual fund mangers just sit on a fat salary . Beating the index by such a fund is not a challenge at a fund level since this fund has mid size stocks in plenty. If a fund has to beat NIFTY 50 it should focus only on constituents with a significantly less diversification.

What are your thoughts....My Opinion...NEVER INVEST IN MUTUAL FUNDS.
amit

[pkholla]

[AmitSwl_FnO]

PK ,
I fully agree with ur views.Not only lazy but inefficient too.
Here is my personal opinion on the q's:

1 Buy equity when GDP growth is low?
partially correct...investor may miss a prolonged bull run.

2 Top-down/ contra/ value method of stock picking?
if ROE is less p/e shall reflect it...low price share not always shine.

3 Buy equity when times bad , sell when times good?
looks good theoretically.. i would replace bad times with recovery and i agree from an indiviual perspective.

4 Use price-to-book value ratio instead of price-earnings?
Buy if <2>3?
correct but not applicable for many business ..say banks...due to large debt

5 Buy small, mid cap, they are undervalued, not touched by FIIs?
Agree,,,,

6 Buy value stocks, will hold value even if Fed eases QE?
Agree,,,,

[pkholla]

[jetrade]

Investment is always being expensive but your return should be good. So invest wisely in stock market.

[pkholla]

Let me share an experience I had with ICICI Pru
I wanted to buy Term Insurance (no frills) in my 2 daughters's names. After 6 months of struggling with "no" answer, I finally understood that I cannot buy Term for my daughters because some Indians living near Nepal border misused the facility and got their insured daughters murdered for the sake of the Rs 50 lakhs sum assured (after paying Rs 5000 first year premium)
Accordingly I reluctantly agreed to the ICICI Pru agent's offer to let me buy ICICI Pru ULIP. To my horror, I found that not only a large chunk of premium is taken for admin purposes (commiss etc) but the MF you are kept in moves very sluggishly. If NF jumps from 6000 to 6500, the ICICI Pru Fund leaps from 18 to 19! The 2 policies also involved sinking a large sum (2X 48000 per year). Against the protests of my wife (who after all was not putting a paisa from her bank salary, but was devoted to her daughters!) I removed the sums invested, after 3 years, at minimum penalty.
I invested 2X 3X 48000 = 288000
I got back 289000!
But I made a profit. There are horror stories of investors losing 40-50% of the investment in ULIP if removed at a wrong time!

If at all we want to, best to invest in a passive index tracker, no 'brain' is involved of the hot shots running the MF, minimum fees, we can track returns

Jai Hind, Prakash Holla

[drsureshbs]