Thursday, September 24, 2009

[Investors Please Listen] Launch of Religare PSU Equity Fund

"6 out of Top 10 companies in India are Public Sector Companies. Of the 50 companies which make up the NIFTY, 10 companies are PSUs. Top 18 PSU companies' (called 'Navratnas') total income is equal to 15% of India's GDP. In 2008, Public Sector Companies paid over 33.5% of their net profits as dividends."

 

We are pleased to announce the launch of Religare PSU Equity Fund – an open ended equity scheme which will invest in Government Companies having presence in core sectors and those which are expected to benefit from divestment process and reforms. The fund is one of its kind in the industry with an objective to generate long term capital appreciation by investing in equity and equity related instruments of companies where the Central / State Government(s) has majority shareholding or management control or powers to appoint majority of directors.

 

Some advantages of investing in PSU companies:

o        Strong Fundamentals - Most of the PSU companies are leaders in their category and in many cases have a virtual monopoly in business

o        Most of the PSU companies are present in sectors, which are core to the India Growth Story

o        Government focus on Listing of Public Sector Companies and further divestment of stake in existing companies

o        PSU companies are currently available at reasonable valuations compared to broader markets

o        The expected re-rating of these companies in future in the event of Government divesting stakes in PSU companies, can lead to above average gains over a period of time

 

Other salient features of the fund:

o        The Fund will also participate in forthcoming IPOs of Government Companies

o        The Fund mandate provides the flexibility up to 20% to hold companies even after Government exits or becomes a minority shareholder

o        At least 65% of the assets will be invested in companies, which are part of the BSE PSU Index. Balance 35% will be invested in PSUs outside the BSE PSU Index

o        The Fund will have no market capitalisation bias and will be style neutral

o        The Fund is ideally suited for investors looking forward to benefiting from the long term value unlocking in Public Sector Enterprises

 

New Fund Offer Opens on: 29th September, 2009

New Fund Offer Closes on: 28th October, 2009

 

Please contact us @ 0-9818269396 or investorspleaselisten@in.com for any further information and clarification relating to the new fund offer.

We assure you the best of services and attentions at all times and look forward your queries.



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Safe Harbor:

The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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