Type: Open Ended ETF
Fund Manager: Namdev Chougule , Ravi Ratanpal .
Launch Date: June 30, 2008
Fund Size (in Crore): 1.86 as on Apr 30, 2012
Minimum Investment (in Rs.): 5000
The objective of the fund is to generate optimal returns while maintaining liquidity through active management of the portfolio by investing in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized.
The Net Asset Value (NAV) for the scheme is Rs.11.88 as on May 14, 2012. The 52 week high value of the scheme is Rs.11.96 as on April 17, 2012 and 52 week low value was Rs.11.26 as on May 18, 2011.
Since its inception, the Risk Return Value (RRV) has been 4.54 percent and for the month has been -0.50 percent.
The top holdings are – GOI and CBLO.
A buy rating based on the expectation of a roughly 5% upside on the stock price does not seem to be very enticing. At the same time, if the company has good fundamentals as thi scompany seems to have, what is the rationale in the extremely short time period for the recommendation - 3 days?
I am not criticizing anything here, only trying to understand the SOP in these situations, especially that of Indian brokers, making recommendations on Indian stocks.
