Mutual Funds redemptions continue unabated… - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Mutual Funds redemptions continue unabated…

Apr 25, 2000

The markets are showing no signs of letting up (down 146 points yesterday to 4,511 points). Software/convergence stocks were languishing once again, with funds over-exposed to software, faring no better. All this translated into more redemptions. At face value it is not very clear whether the redemptions are at the corporate level or at the retail level. Industry sources are of opinion that it's the corporates that are exiting in large numbers as they had parked surplus cash in mutual funds before March 31st 2000, for balance sheet purposes. However, if the markets continue to behave as they have been, it won't be long before retail investors also exit in a big way.

Some of the leading growth funds that continue to witness erosion in their NAVs is mentioned below:

Schemes Nav (Rs) 1-week 1-month 12-months Since
Inception
Alliance Equity Fund (Gr. Plan) 40.1 -17.6% -27.4% 166.9% 132.7%
Birla MNC Fund (Gr.) 31.3 -11.6% -11.4% 129.9% 23.0%
Birla Advantage Fund 46.4 -17.4% -22.4% 129.1% 41.9%
DSP Merrill Lynch Equity Fund 21.3 -13.5% -26.5% 51.0% 39.5%
K 30 21.5 -12.1% -19.1% 78.5% 74.4%
Kothari Pioneer Bluechip Fund (Gr.) 24.4 -10.2% -14.6% 104.4% 33.0%
Kothari Pioneer Prima Fund (Gr.) 25.5 -11.0% -14.4% 72.9% 15.8%
Kothari Pioneer Prima Plus (Gr.) 25.4 -14.0% -16.8% 95.8% 20.7%
Prudential ICICI Gr. Plan (Gr.) 25.8 -16.3% -26.2% 93.9% 68.5%
Magnum Global Fund 13.9 -19.4% -32.1% 69.0% 9.0%
Magnum Multiplier Plus 1993 24.6 -21.9% -32.6% 85.8% 15.5%
Magnum Equity Fund 19.8 -23.3% -34.0% 127.7% 20.4%

Equitymaster requests your view! Post a comment on "Mutual Funds redemptions continue unabated…". Click here!

  

More Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

Make Startup Profits from Bluechip Stocks (Profit Hunter)

Jul 21, 2021

A 166-bagger stock can deliver even more gains in this decade.

These Are the Best Stocks to Own (Fast Profits Daily)

Jul 22, 2021

Find out what I think are the best kind on stocks to own in the market.

Cash the Crash in Gas Prices (Fast Profits Daily)

Jul 21, 2021

Get ready to profit from the coming crash in the price of natural gas.

Electric 2-Wheelers: The Megatrend has Begun (Profit Hunter)

Jul 20, 2021

The shift to electric 2-wheelers will be faster than expected.

A Trading Hack to Multiply Profits (Fast Profits Daily)

Jul 23, 2021

Use this trading hack and get a big boost in your trading profits.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2021
Get our special report Multibagger Stocks Guide (2021 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

MARKET STATS