Smart Money
Goldman Sachs’ equity fund
Goldman Sachs Asset Management Company has launched an open-ended equity scheme, which reopens for continuous subscription and redemption before November 2012. The scheme aims to generate long-term capital growth from an actively managed portfolio, primarily of equity and equity-related securities. The scheme will be benchmarked to the S&P CNX 500 index and the face value of each unit is R10. The scheme has two options — growth and dividend. The dividend option has two sub options — dividend payout and dividend reinvestment.
ICICI Prudential’s Dynamic Plan
Ten years since its inception in October 2002, ICICI Prudential's Dynamic Plan has given a return of 27.52% Cagr. The open-ended diversified equity fund that aims at capitalising on market volatility has outperformed its benchmark S&P CNX Nifty, which has given a Cagr return of 19.75% since October 2002. The valuation of investment as on September 30, 2012, for R10,000 invested in October 31, 2002, is R1,11,424,10. The fund, managed by Sankaran Naren, increases the equity participation when the markets go down and vice versa. The fund focuses on investing across sectors based on valuation attractiveness and growth potential, and is a suitable investment solution for long-term equity investors through capitalising on volatility and facilitating wealth creation.
Be the first to comment.
