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Rules |
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The duration of the activity will be for one year. Each of the four fund manager will have a phantom portfolio of Rs 10 lakh in notional value, which can be invested either in stocks or held in cash. |
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The fund manager can follow any investment style, be it large-cap, mid-cap or small-cap; value, growth or blend, short-term, medium-term or long-term. He will only need to specify the style he will follow and stick by it. |
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The fund manager can hold 100 per cent cash in his portfolio, though it will not earn any return. |
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The fund manager is only allowed to trade in the cash market and cannot take a short position. |
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The fund manager will report his phantom trades on business-standard.com, which will be reflected immediately on business-standard.com. The stock price for transactions will be the NSE price available on the website, which is delayed by at least five minutes. |
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The fund manager cannot invest more than 10% of the corpus at any time in one stock. However, there is no limitation on the number of stocks a fund manager can hold in the portfolio. |
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The fund manager will have to hold a stock for seven calendar days before selling. This is to prevent speculation. |
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The returns will be calculated on a pre-tax basis, and the S&P CNX 500 is the benchmark index. |
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(43.35%) 
(43.35%)
Post by Manoj 
