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Energising profits

Here we evaluate mutual funds and bring you the report card. This fortnight it's the Paribas Select Thematic Funds Energy Opportunities.

Print Edition: December 13, 2007

Here we evaluate mutual funds and bring you the report card. This fortnight it's the Paribas Select Thematic Funds Energy Opportunities.

FUND FACTS

Offer open: Till 11 December

Scheme type: Closed-ended equity fund for three years

Minimum investment: Rs 5,000; unit price: Rs 10

Loads: Entry load: nil, Exit load: nil

Options: Growth and dividend payout

Investor grievances: S Balasubramanian. Tel: (044) 28578700. E-mail: service@sundarambnpparibas.in

FUND STATS

Objective: To seek long-term capital appreciation by investing primarily in equity and equity-related instruments of companies in the domestic market that focus on or benefit from the developments in the energy sector.

Benchmark: BSE Oil & Gas Index

Fund manager: S Krishnakumar

Asset allocation:

65-100% equity in energy sector | 0-35% equity outside energy sector | 0-15% debt and cash

Comparable existing scheme:

Fund name: Reliance Diversified Power Sector

NAV (as on 20 November. Source: NAVIndia): Rs 52.48

3-year return(%):  87.6

1-year return(%): 132.4

FUND PROGNOSIS

Idea distiller: Establishment of new power plants and energy market deregulation gives a new impetus to infrastructure development. The higher rate of economic growth will keep generating higher demand for power.

Fund house report: Sundaram BNP Paribas manages assets worth Rs 12,109.89 crore.

Track record:

Returns profile: 4/5 | Risk profile: 4/5

Fund manager report:

Performance of fund manager

Returns profile: 3/5 | Risk profile: 4/5

Scheme DNA: Four fundamentals of the fund scheme:

Unique idea: Medium | Return possibility: High | Risk: High | Operability: High

INVESTOR TAKEAWAYS

Who should apply: Though the fund is a little late with the energy stocks having already witnessed a steep rise, there is still scope for appreciation. Those looking for a sectoral allocation may invest.

Remember: It is one of the most promising sectors where scope for wealth creation is still immense. Investment horizon should be sufficiently long for an investor to discover value from this fund.

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