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Goal Oriented Products by various fund houses


Goal Oriented Products by various fund houses
Fund houses are coming up with more goal oriented products these days to attract new and more investors, perhaps this will be the flavour of new season in the mutual fund industry. With SEBI's stern behavior on duplication of schemes.

Goal oriented products are specially designed to cater investors needs and simplify investment process. By these products, they can target specific group of people on the basis of requirement.


Investors with goals of retirement or their children's education often muck up everything with fistfuls of investments and they are not concerned about how much to invest in stocks and bonds. Straight and perhaps appropriate goal oriented product helps investors think through their priorities and keep them focused on their goal for investing.

Now to tap this market, few mutual fund house have launched their schemes. Given below are the schemes currently available.

Peerless Mutual Fund Child Plan
Peerless Funds Management sponsored by The Peerless General Finance India launched “Peerless MF Child Plan", an open ended fund on March 11, 2011. This is a multiple asset class product wherein the allocation varies between Debt, Equity and Gold Exchange traded funds. The fund provides systematic investment plans (SIPs) to help parents to build capital in installments on the basis of their needs or goals planned for their child.

Fidelity India Children's Plan
Fidelity Mutual fund launched Fidelity India Children's Plan in January 2011. This is an open ended Mutual fund which is investing in a mix of stocks and bonds in the ratio of 60:40 respectively. This plan includes three schemes focused for education, marriage and saving of which marriage plan will have gold option for an asset class that will provide hedge against rising gold prices.


Family Solutions Planner
Franklin Templeton Investments (India) recently launched Franklin Templeton Family Solutions. This is a pre-packaged investment solution positioned at investors seeking convenient ways to plan for their financial goals.

It is a software tool in which investors need to enter basic details and specific goals. Based on which software will formulate an individual plan to achieve the goal considering all key points such as expected inflation, rate of return, etc. Three funds are recommended in each portfolio based on the portfolio style (ultra conservative, conservative, moderate, aggressive, highly aggressive) and is investor specific.

OneIndia Money

Read more about: investment mutual funds
Story first published: Friday, June 3, 2011, 17:45 [IST]
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