Mutual Funds
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SC SECURITIES (PVT) LTD. Corporate Member: Karachi Stock Exchange (Guarantee) Ltd. Corporate Office: 706, 7 th Floor, Business Plaza, Mumtaz Hasan Road, Off. I.I. Chundrigar Road, Karachi. Tel:2412542-3 Stock Exchange Office: 441, 4 th Floor, Karachi Stock Exchange Building, Stock Exchange Road, Karachi. Tel : 2432367 Email: [email protected]
MUTUAL FUNDS.
March 9, 2005
Mutual funds… a most appropriate pick from the index so not to be exposed to the unpredictable market directly. Investing in stock market through a fund needs a careful study of the fund you want to invest in, satisfied answers to five of the questions below will give you a definite buy for the stock. ? ? ? ? ?
Who runs it? How risky it has been? What does it cost? How has it performed? What does it own?
How has it performed??? Many would say that a fund that produced returns of 20% per year for the past five years performed better than a fund returned 15% per year over the same period. That’s some times the case but not always. The fund that gained 15% may have beaten competing funds that follow the same investment style. To really know how well a fund is doing you can’t look at returns in isolation; instead, compare the fund with the index and other funds. How risky it has been? The act of investing involves an element of risk. But some funds are more volatile than others. Generally, the greater the return of an investment, the greater the risk and therefore, the greater potential for loss. What does it cost? It is worth noting what you are paying and what you are getting in return?? How much of your funds you are willing to invest and what does it cost? Who runs it? Mutual funds are only good if the people behind them are good. The managers who are running the show, the actual back ground actors because the fund manager is the person most responsible for a fund’s performance.
SC SECURITIES (PVT) LTD. Corporate Member: Karachi Stock Exchange (Guarantee) Ltd. Corporate Office: 706, 7 th Floor, Business Plaza, Mumtaz Hasan Road, Off. I.I. Chundrigar Road, Karachi. Tel:2412542-3 Stock Exchange Office: 441, 4 th Floor, Karachi Stock Exchange Building, Stock Exchange Road, Karachi. Tel : 2432367 Email: [email protected]
What does it own? Before investing into a fund it is necessary to examine the fund’s portfolio as it holds the high priced growing stocks or the companies with the lower earnings but with the better future prospectus. Finally, how the fund’s manager chooses to invest your money. Keeping the questions in consideration we have come up with the following funds which satisfactorily answers all the questions above: Funds PICIC Growth Fund PICIC Investment Fund Pakistan Strategic Allocation Fund Pakistan Capital Market Fund BSJS Balanced Fund ABAMCO Composite Fund ABAMCO stock market fund Pakistan Premier Fund ABAMCO Capital fund
NAV Approx (after dividend) Rs 86 27 14.31 16.64 16.72 12.53 21.11 21.89 19
Current Rate 78 19.05 10.35 12.25 10.5 9.48 13.65 15.25 11.9
Discount/ (Premium) % 10.25 41.73 38.2 35.83 59.23 32.17 54.65 43.54 59.66
The above mentioned funds are trading at the discount to their NAVs and considering the current market scenario, we rate these funds as “safe investment” and recommend a buy.
Happy Investing!!!!!!!
From : Our research desk (92-21) 241-2542-5 [email protected]
This report has been prepared by SC securities and is provided for information purposes only. Under no circumstances is to be used or considered as an offer to sell or solicitation of any offer to buy. While all reasonable care has been taken to ensure that information provided is not untrue however data has been collected from the reliable sources, we make no he representation as to its accuracy
MUTUAL FUNDS.
March 9, 2005
Mutual funds… a most appropriate pick from the index so not to be exposed to the unpredictable market directly. Investing in stock market through a fund needs a careful study of the fund you want to invest in, satisfied answers to five of the questions below will give you a definite buy for the stock. ? ? ? ? ?
Who runs it? How risky it has been? What does it cost? How has it performed? What does it own?
How has it performed??? Many would say that a fund that produced returns of 20% per year for the past five years performed better than a fund returned 15% per year over the same period. That’s some times the case but not always. The fund that gained 15% may have beaten competing funds that follow the same investment style. To really know how well a fund is doing you can’t look at returns in isolation; instead, compare the fund with the index and other funds. How risky it has been? The act of investing involves an element of risk. But some funds are more volatile than others. Generally, the greater the return of an investment, the greater the risk and therefore, the greater potential for loss. What does it cost? It is worth noting what you are paying and what you are getting in return?? How much of your funds you are willing to invest and what does it cost? Who runs it? Mutual funds are only good if the people behind them are good. The managers who are running the show, the actual back ground actors because the fund manager is the person most responsible for a fund’s performance.
SC SECURITIES (PVT) LTD. Corporate Member: Karachi Stock Exchange (Guarantee) Ltd. Corporate Office: 706, 7 th Floor, Business Plaza, Mumtaz Hasan Road, Off. I.I. Chundrigar Road, Karachi. Tel:2412542-3 Stock Exchange Office: 441, 4 th Floor, Karachi Stock Exchange Building, Stock Exchange Road, Karachi. Tel : 2432367 Email: [email protected]
What does it own? Before investing into a fund it is necessary to examine the fund’s portfolio as it holds the high priced growing stocks or the companies with the lower earnings but with the better future prospectus. Finally, how the fund’s manager chooses to invest your money. Keeping the questions in consideration we have come up with the following funds which satisfactorily answers all the questions above: Funds PICIC Growth Fund PICIC Investment Fund Pakistan Strategic Allocation Fund Pakistan Capital Market Fund BSJS Balanced Fund ABAMCO Composite Fund ABAMCO stock market fund Pakistan Premier Fund ABAMCO Capital fund
NAV Approx (after dividend) Rs 86 27 14.31 16.64 16.72 12.53 21.11 21.89 19
Current Rate 78 19.05 10.35 12.25 10.5 9.48 13.65 15.25 11.9
Discount/ (Premium) % 10.25 41.73 38.2 35.83 59.23 32.17 54.65 43.54 59.66
The above mentioned funds are trading at the discount to their NAVs and considering the current market scenario, we rate these funds as “safe investment” and recommend a buy.
Happy Investing!!!!!!!
From : Our research desk (92-21) 241-2542-5 [email protected]
This report has been prepared by SC securities and is provided for information purposes only. Under no circumstances is to be used or considered as an offer to sell or solicitation of any offer to buy. While all reasonable care has been taken to ensure that information provided is not untrue however data has been collected from the reliable sources, we make no he representation as to its accuracy
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