CENTRAL PUBLIC SECTOR ENTERPRISES ETF ( CPSE ETF ) REVIEW

1. Goldman Sachs launches CENTRAL PUBLIC SECTOR ENTERPRISES ETF ( CPSE ETF ) at 18 March 2014 and NFO closes at 21 March 2014. 
2. Goldman Sachs central public sector enterprises ETF ( CPSE ETF ) is based on CPSE index which contains India largest 10 public sector companies. 
3. Before we continue here are the detail constitution of CPSE index 
ONGC 26.72% 
GAIL 18.48% 
Coal india 17.75% 
Reral electrification corporation ltd 7.16% 
Oil india ltd 7.04 % 
Indian oil corporation ltd 6.82 % 
Power finance corporation ltd 6.49% 
Container corporation of india ltd 6.40% 
Bharat electronics ltd 2%
 Engeniers india ltd 1.13% 
4. Government plan to rise 3000 crore from this ETF this is a new style of disinvestment because in currant scenario of Indian political corruption no one like to buy a stake in public sector companies. 
5. For attracting funds govt declare 5 % flat discount for all investors it means unit allocated you at discount of 5% from reference market price of underlying CPSE index. 
6. Other new concept is loyalty bonus which is a new concept for Indian markets in loyalty bonus if you hold this ETF units from allocation date to one year then government may give 1 extra loyalty bonus unit for every 15 units held. 
7. Currant dividend yeild for CPSE indiex is near 3.77% 
8. So if we invest in this ETF we get 5 % immidiate discount 3.77 % dividend yeild 6.67 % loyalty bonus That’s great because generally I do not sell stocks below 1 year so if we hold it and sell after getting loyalty bonus of 6.67% then we may get income tax free return ( capital gain tax after one year holding is nil ) 
9. Generally I do not like public sector companies but my view is positive for this CPSE ETF because it may be diversified my portfolio in navaratna nad miniratna govt companies because my currant holding in govt companies is nil and if any nationalist party win this election and if our economy feel good after a new nationalist govt then returns in this fund are unbelievable.

WHERE TO DOWNLOAD NAV AND NAV HISTORY OF ALL MUTUAL FUND

It is very hard for a small investor to locate authenticate NAV and NAV history of a mutual fund. 

Per day i got many e mails of my blog reader and they ask me sir what is currant NAV of Reliance infra sector fund? because many investor put most of his money blindly in this fund. 

When Reliance infra fund IPO is come then every analyst say Infra sector is a golden sector for India and it will multiplier your capital like a magic.

Ok, for help of those investor and other blog readers who want to locate their fund NAV and NAV history i give you direct link of AMFI website where you see and download NAV of your funds. 

Please note that Reliance Infrastructure Fund has been merger with Reliance Diversified Power Sector Fund effective from September 7 2013 so search Reliance Diversified Power Sector Fund NAV instead of Reliance Infrastructure Fund

Click here to see NAV of All Indian Mutual funds from AMFI

How to Invest in European Markets with Indian Mutual Funds?

1. These day 2 New mutual fund NFO in launch in indian market which invest in european stock markets. 
2. Actually these 2 funds are fund of funds means they not invest directly in european markets they invest in european mutual funds. 
3. these 2 new NFO are Religare Invesco Pan European Equity Fund and JPMorgan Europe Dynamic Equity Offshore Fund 
4.Religare Invesco Pan European Equity Fund is an Open-ended fund of fund scheme. 
5. This fund will investing in Invesco Pan European Equity Fund (Underlying Fund) which is a Luxembourg domiciled fund, which invests primarily in equity securities of European companies . Invesco Pan European Equity Fund  launched in 1991 with assets under management of EUR 2.23bn (USD 3.03nm, INR 18,922 crores) 
 6.JP Morgan Europe Dynamic Equity Offshore Fund is also a fund of fund which invest in JP Morgan Europe Dynamic Fund 
 7. In my view i like Religare Invesco Pan European Equity Fund instead of JP Morgan Europe Dynamic Equity Offshore Fund because i already tell in point 5 that Invesco Pan European Equity Fund (Underlying Fund) is a Luxembourg domiciled fund, which invests primarily in equity securities of European companies with assets under management of EUR 2.23bn (USD 3.03nm, INR 18,922 crores) 
So due to this good track record i like this fund over JP morgan. 
8. But i did not advice you to invest directly in NFO ( New fund offer) because as my past experience say mutual fund NAV down after new NFO in 90-98% NFO So we will start a SIP in this fund if fund NAV is down below 9 after his listing. 
 9. Those who not belive me or my new readers please read this article to knew that how i recommended Birla Sun Life International Equity Fund - Plan A (G) at NAV of 8.51 and book 46.23 % profit in 3 year of SIP http://mutualfundgenius.blogspot.in/2013/09/book-your-4623-profit-in-birla-sun-life.html 
10. So please wait once NAV is down below 9 then i republish a fresh article and also start a SIP with you but please note that it is not sure that NAV down below 9 it is just my guess and past experiance in mutual fund NFO,s you may also read this past story where i recommended reliance infrastructure fund at NAV of 8.81 http://mutualfundgenius.blogspot.in/2011/02/reliance-infrasector-fund-now-availble.html 
( For knew latest NAV of Reliance infrastructure mutual fund you may remember that Reliance Infrastructure Fund has been merger with Reliance Diversified Power Sector Fund effective from September 7, 2013.)

Book Your 46.23% Profit in Birla Sun Life International Equity Fund - Plan A (G) SIP

3 Year ago when i establish this mutual fund blog i recommended Birla Sun Life International Equity Fund - Plan A (G) in my first blog post , read this at this link
Birla Sun Life International Equity Fund - Plan A (G)
This time units of this mutual fund available at 8.51 only and no one recommended this fund.
But This blog not only recommended it @8.51 Per unit , I am also start a SIP in this fund,
Now after 36 months i am happy to announce you that now Birla Sun Life International Equity Fund - Plan A (G) NAV is 15.31750 so if you make a 500 per month SIP with me then it is time to book your 8323 INR as profit it is a 46.23 % net return on your total investment of 500*35= 18000 in this 3 years. Read this table for more detail
Happy investing.

JM Small and Mid-Cap Fund is merged with JM Multi Strategy Fund.

Most of investors ask me performance of JM Small and Mid-Cap Fund .
some of ask that why NAV of this fund is not available after April 2011 ,
 so please note that JM Small and Mid-Cap Fund is launch in 2007 and after that NAV of fund is fall badly when it reach below 5 and asset size reach near 25 cr  than management of fund decided to merge it with other performing fund
so now it is merged with JM Multi Strategy Fund. with 2 April 2011.
and my view is also negative for JM Multi Strategy Fund.
key words:- NAV of JM Multi Strategy Fund
NAV of JM Small and Mid-Cap Fund in December 2011 January 2012