Date:18/07/2006 URL: http://www.thehindubusinessline.com/2006/07/18/stories/2006071803651500.htm

Back Some new funds are cash-laden

Our Bureau

Kolkata, July 17

Sundaram Rural India, Templeton India Equity Income, Reliance Equity and Sahara Wealth Plus are some of the new equity schemes that are currently loaded with cash, the Sharekhan review has shown, adding that the fund managers concerned are waiting for the right valuations to invest.

Sundaram Rural India takes the cake with a 55.98 per cent exposure to cash/cash equivalent, followed by the relatively older JM Emerging Leaders (36.58 per cent).

A few other schemes of not so recent origin - Sundaram Select Midcap, Principal Global Opportunities and UTI Thematic Large Cap - also have heavy allocations to such ultra-liquid assets.

Two schemes managed by Standard Chartered MF - Premier Equity and Imperial Equity - have about 27.6 per cent and 26.49 per cent cash allocations respectively.

Sahara Wealth Plus is the best positioned on this front, with 70 per cent-plus equity exposure and the rest (25.68 per cent) in cash.