NFO – Review – DSP Blackrock Healthcare Fund closing on 26th November

Mutual Fund NFO Details - DSP Blackrock Healthcare Fund 

Mutual Fund	DSP Mutual Fund
Scheme Name	DSP Healthcare Fund
Objective of Scheme	The primary investment objective of the scheme is to seek to generate consistent returns by predominantly investing in equity and equity related securities of pharmaceutical and healthcare companies. However, there can be no assurance that the investment objective of the scheme will be realized.
Scheme Type	Open Ended
Scheme Category	Equity Scheme - Sectoral/ Thematic
New Fund Launch Date	12-Nov-2018
New Fund Earliest Closure Date	26-Nov-2018
New Fund Offer Closure Date	26-Nov-2018
Indicate Load Separately	Entry Load: Not Applicable, Exit Load (as a % of Applicable NAV) Holding period from the date of allotment:<= 12 months – 1%, > 12 months – Nil. Note: No exit load shall be levied in case of switch of investment from Regular Plan to Direct Plan and vice versa.
Minimum Subscription Amount	Rs. 500/– and any amount thereafter.
For Further Details Please Visit Website	www.dspim.com

Source - Amfi 

What is a Mutual Fund NFO - A new fund offer occurs when a fund is launched, allowing the firm to raise capital for purchasing securities. Mutual funds are one of the most common new fund offerings marketed by an investment company. The initial purchasing offer for a new fund varies by the fund’s structuring.

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Important part of the SID Scheme Information Document

Type of scheme - An open ended equity scheme investing in healthcare and pharmaceutical sector

Investment Objective - The primary investment objective of the scheme is to seek to generate consistent returns by predominantly investing in equity and equity related securities of pharmaceutical and healthcare companies. However, there can be no assurance that the investment objective of the scheme will be realized.

Where will the scheme invest?

-          It will invest in Equity and equity related securities, government bonds, NCDs, short term deposits, InvITs, REITs

-          a sector specific Scheme, shall focus on investing in pharmaceutical, healthcare and associated companies as mentioned earlier, keeping ‘S&P BSE Healthcare Index’ comprising of 64 stocks.

Who will manage the fund?

The fund management includes the following team members-

Fund Manager	Brief Experience	Other schemes
Aditya Khemka Age – 37 years Qualification - B.Com, M Sc Finance, MBA from MDI (Gurgaon)	Over 11 Years of experience. October 2015 to present: Assistant Vice President - DSPIM. From February 2014 - October 2015: Pharma Analyst – Ambit Capital Private Limited. From November 2013 to February 2014: Pharma Analyst - Antique Stock Broking From April 2008 to November 2013: Pharma Analyst – Nomura Structured Financial Services	Nil
Vinit Sambre Age – 43 years Qualification – B.Com, FCA	Over 19 Years of experience from January 2010 to present: Vice President - DSPIM. From July 2007 - December 2009: Assistant Vice President - DSPIM. From November 2005 to June 2007: Assistant Vice President - Global Private Client with DSP Merrill Lynch	Co-Fund Manager - DSP Small Cap Fund and DSP Mid Cap Fund
Jay Kothari (Dedicat ed Fund Manager for overseas investments) Age - 37 years Qualification - Bachelor in Management Studies (BMS) Mumbai University MBA (Finance) - Mumbai University	Over 14 years of experience as detailed under: From 2010 to present – Vice President in Equity Investments and a Product Strategist at DSPIM From 2005 to 2010 – Mumbai Banking Sales Head at DSPIM From 2002 to 2003 - Priority Banking division at Standar	Fund Manager for DSP World Agriculture Fund, DSP World Mining Fund, DSP World Energy Fund and DSP World Gold Fund Co-Fund Manager for DSP Focus Fund, DSP US Flexible* Equity Fund, DSP Equity Savings Fund, DSP India T.I.G.E.R. Fund (The Infrastructure Growth and Economic Reforms Fund), DSP Regular Savings Fund, DSP Equity Opportunities Fund, DSP Global Allocation Fund, DSP Natural Resources and New Energy Fund, DSP Midcap Fund, DSP Small Cap Fund, DSP Top 100 Equity Fund.

Mymoneystreets Take –

DSP has a proven track record in India. Their funds DSP Tax Saver, DSP Midcap small cap is known best for the prudent fund management approach. However, Blackrock has sold their stake in DSP this year and we need to keep a watch on the performance. However, they have a decent asset size, moderately aggressive approach in the fund management. Additionally, Pharma sector in last 2 years has seen a bumpy ride and company with quality balance sheet and operational efficiency trading at an attractive PE. The stocks are trading 20-30% lower than their yearly high

Word of caution - This is a thematic fund, sector concentration is very high. Investors who already has existing exposure in diversified equity such as Large-cap/ Mid-cap – small cap funds and balanced funds can look for an extra exposure. Other than market related risks, the sector funds are cyclical in nature and gives a volatile return, ideal for 3- 7 years exposure and in SIP format.  Also, diversification is a key to good healthy portfolio.

Take on Fund manager

The fund is managed by first time fund manager Aditya Khemka, supported by Vinit Sambre with 20 years of experience, also fund-manager for the star fund – DSP Small cap fund.  The third manager has a big portfolio of many funds as well as dedicated fund manager for overseas investments.

Read the SID carefully before investing.

7 business ideas with low or no investments India

Buy your insurance carefully

India has evolved, and come far way from a mindest to secure a govt job or atleast at a service of Tata , Birla or State Bank of India. Oh I absolutely love the baby boomer generation, because of their steady income and savings habit, they are today financially secure, they are encouraging and supportive of the next generation to starting up their own ruther than pestering them to look for a suitable job.

The millennial are more and more liking the idea of starting their own business. The idea of starting up a new business is awesome. It is not easy to think of  breaking away from traditional family business or giving up a day job, especially starting a new business involve research, investment, human capital and lot of courage. However, in this post I would like to list down some no or low cost business ideas, which can ofcourse be scaled-up with investment and deploying resources. Mind you, still need to have courage to start up, research for your positioning and consistent efforts to scale-up

1. Content creation, blogging and vlogging - This is a huge and evolving industry, thanks to the ever growing internet usage and media consumption. Even twitter and Instagram can earn you money. If you like writing - short stories to economics, you can get freelance assignments of content writing. There are many agencies in the market. You can start your own once you are little comfortable with the idea. You can even have a blog of your own. To begin with you can have a blogger or wordpress account for free. You may even start writing before opting for a hosting service and a domain name.  If you are you-tuber, bingo, the world is your oyster. A good video which can fetch thousands of view, can fetch a good advertisement money as well as paid/ sponsored content. Being a Youtuber and blogger are serious career. You can also use it as extension of your profile if you dont even want to monetise it.

                                        

                                                      photo - steemit.com

2. Private tutorial - You dont need to teach in a school for this. This will essentially be driven by your interest in a particular subject or a overall training skills. You can have a day job of an engineer, Accountant or a sales manager for that matter. You can use with word of mouth, leaflet distribution and few youtube video classes for initial promotion

3. Translation and transcription services - 

The growing marketing and information distribution needs are opening up this arena. The marketers and communication professionals wants to go hyper local, in local as well as international market. Talking to the target audience in their language keeping their ethinicity and culture has become a priority. In this scenario, the translators have a huge potential for business, and If you are a multi lingual, especially with foreign languages like Japanese, Mandarin, you are in for a kill. Just spreading the word in the right places.

4. Financial adviser/ planner  - you dont need to be finance MBA or a chartered accountant. But, you need to clear a few tests to become SEBI approved financial planner. Additionally, you need to have inclination to have the passion for profession. It is not just selling the product or making instant money, if you like the idea of money management, you can give it a try. It entails lot of deliberation and counselling. It is a business of trust, it has a huge potential in India, if you have the intent.

5. Public relation consultancy - true. Yet it is a mainstream profession. Before jumping into any conclusion, it is a very specialised service and you need to have some exposure to the sector with education/ internship and job in corp comm/ PR Consultancies for experience as well as the networking ability. 

bollywoodshaadis.com

6. Mehendi or Tattoo artist - you can simply begin this by basic networking with friends and family. It doesnt require significant investments to start. You may consider high end tattoo machine, listing your services in premium websites, having a portfolio once you have started off and comfortable in your zone. 

7. Art and craft classes - Are you a painter? And have never took the step to make it your profession? Are you passionate about DIY crafts? Most of your free time spent in checking youtube for suggestion. Here you have a idea. You can have a class for yourself. You can begin with a summer camp for kids, a video channel and even a at-home sale for your family and friends. It doesnt have any significant expenses. You can use your existing resources to begin with.

This list can extend to photography, career consultancy, life coach, beauty salon, online bakery, baby sitting etc which will be little expensive yet not an exorbitant money.

Choosing these careers are not sheer happenstance. These businesses can begin with low investments. Each of the above business idea has great potential.but however each needs research, extensive study, understanding market and indomitable entrepreneurial zeal to make it bigger. Starting up is difficult but it is easier than maintaining the momentum, keeping the spirit high through the ups and down.