Investment Focus
FIF is India's first fund dedicated to the fast growing information
technology sector.
The infotech sector in India has huge growth potential because of
various advantages like a large pool of English speaking skilled manpower and low
skill-to-cost ratio. Most of the topline infotech companies in India have utilised the
recent slump in global technology sector to restructure their operations and have moved up
the value chain by offering services such as systems integration, Business Process
Outsourcing (BPO) and consulting. This augurs well for the whole sector.
We feel that the recent slump in the stock
prices of IT companies is short term in nature and we continue to be confident of the
medium to long term prospects of our portfolio. Indian companies which have benefited from
the "offshoring" trend in the global markets are ideally positioned to take
advantage of any upturn in the global IT spending. Our confidence stems from the fact that
all the holdings in our portfolio have strong fundamentals and have advantages in terms
of -
Diversified
client base
-
Diversified
domain expertise
Ability
to provide end-to-end solutions
Strong
client relationships
Extensive
marketing network
|
| Performance Snapshot |
|
Last
6 Months |
Last
1 Year |
Last
3 Years* |
Last
5 Years* |
Since
Inception* |
| FIF
(G) |
76.94% |
12.20% |
0.16% |
14.70% |
21.39% |
| FIF
(D) |
76.94% |
12.20% |
0.17% |
14.70% |
21.39% |
| BSE IT
Index |
77.16% |
7.39% |
0.09% |
14.75% |
N.A |
|
Past performance
may or may not be sustained in the
future.
* Compounded and
annualised. As on July 31, 2009.
|
Highlights
Daily NAV
Choice : Growth Plan and Dividend Plan (Reinvestment & Payout options)
Low entry amount of Rs.5000
Easy liquidity : transactions are processed within 4 working
days normally
Convenience of Systematic Investment
Plan : the ideal way to accumulate wealth over the long term
NRIs can invest on
a fully repatriable basis
Fund Information
| Net Asset Value |
Calculated and disclosed on all business days |
Minimum Investments :
New Investment
Additional Investments |
Rs. 5,000
Rs. 1,000
|
| Load |
| Amount (Rs.) |
Entry Load |
Exit Load |
|
< Rs. 5 Crs
|
Nil |
1% if redeemed/switched-out within 3 years of allotment
|
|
=> Rs. 5 Crs
|
Nil
|
1% if the Units are redeemed/ switched-out within 6 months of allotment.
|
|
Systematic Investment Plan |
Minimum Amount Rs. 500 per month for 12months, Rs. 1000 per month
for 6 months |
Systematic Withdrawal Plan |
Minimum withdrawal of Rs.500 or fixed number of units (Minimum
investment/account balance for availing this facility is Rs.25,000) |
| Tax Benefits |
Indexation Benefits
Units are not liable to wealth tax and gift tax.
No TDS on Redemptions for resident investors
|
|
