Fund News

Standard Chartered Arbitrage Fund

The AMC has come out with an arbitrage fund that will minimise risk in the equity market as well as have the option of increasing debt component to 100%.

Standard Chartered Arbitrage Fund is the latest offering from Stanchart AMC.

The investment objective is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in cash and derivatives segment equity market as well as arbitrage opportunities available within the derivative segment. The balance will be invested in debt and money market instruments.

Asset allocation under normal circumstances:
Equity and equity related instruments: 65-90 per cent Derivatives: 65-90 per cent Debt, money market and margin money deployed in derivative transactions: 10-35 per cent

Asset allocation under defensive circumstances (when the fund manager feels that arbitrage opportunities in the market are negligible):
Equity and equity-related instruments: 0-35 per cent Derivatives: 0-35 per cent Debt, money market and margin money deployed in derivative transactions: 65-100 per cent

Snapshot
Unit cost during NFO: Rs 10 Offer opens: November 14, 2006 Offer closes: November 30, 2006 Type: Open-ended equity Plans: Dividend (reinvestment and payout), Growth Minimum application amount: Rs 10,000 (Plan A - regular), Rs 1,00,000 (Plan B - institutional) Options: Dividend (reinvestment and payout), Growth Entry Load: Nil Exit Load: 0.25% up to 30 days from date of investment Fund Manager: Rajiv Anand


Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.


Other Categories

Informed fund ideas, better judgment. Every month. Mutual Fund Insight, every month since October 2002.

Take charge. Know more. Keep more. Mutual Fund Insight helps you do all three — every month