Mutual Funds- ING Core equity Fund & LIC Nomura Index Fund- Sensex Advantage Plan

ING Core Equity Fund

It is an open ended large cap fund by ING Mutual Fund. Asset size of the fund is Rs 43.39 Cr (30 Dec 2011). Fund started on 7 May 1999. Rs 5000 is the minimum investment. Manish Bhanadari is the fund manager. Fund’s one year return is (-12.3) %. Nifty’s one year return is (-11.8) %. 2008 was a horrible year for global stock markets. Nifty gave a negative return of 51% in the year. Fund also gave a negative return of 56% in that period. 2009 was an encouraging year for Indian capital markets. Nifty gave 75% return in the year. Fund gave a return of 73.7% in that period. Fund gave 22.9% and 3.9% annualized return in the last three and five years respectively.

Reliance Industries, ITC, Infosys, Max India, State Bank of India, ICICI Bank, Larsen & Toubro, Tata Motors, Bharti Airtel, Housing Development Finance Corporation, Bank of Baroda, Castrol India, Hero Motocorp and Kotak Mahindra Bank are the top holdings of the fund. Banking/Finance, Oil & Gas and Automotive are the main sectors preferred by the fund. 91.48% of amount is invested in equities. 52 week high and low of NAV is Rs 41.02 and Rs 31.50 respectively. NAV of the fund closed at Rs 34.15 (13 January 2012).

LIC Nomura Index Fund- Sensex Advantage Plan

It is an open ended large cap fund by LIC Nomura Mutual Fund. Asset size of the fund is Rs 4.22 Cr (30 Dec 2011). Fund started on 28 November 2002. Rs 2000 is the minimum investment. S Ramasamy is the fund manager.  Fund’s one year return is (-12.7) %. Nifty’s one year return is (-11.8) %. 2008 was a horrible year for global stock markets. Nifty gave a negative return of 51% in the year. Fund also gave a negative return of 55% in that period. 2009 was a brilliant year for Indian stock markets. Nifty gave 75% return in the year. Fund gave a return of 70.9% in that period. Fund gave 19.7% annualized return in the last three years.

Infosys, Reliance Industries, ITC, Housing Development Finance Corporation, HDFC Bank, ICICI Bank, Tata Consultancy Services, Larsen & Toubro, Bharti Airtel, State Bank of India, Oil & Natural Gas Corporation, Hindustan Unilever, Kotak Mahindra Bank, Tata Motors and Mahindra & Mahindra are the top holdings of the fund. Banking/Finance, Technology and Oil & Gas are the main sectors preferred by the fund. 92.92% of amount is invested in equities. 52 week high and low of NAV is Rs 34.44 and Rs 26.73 respectively. NAV of the fund closed at Rs 29.16 (13 January 2012).

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