source: Now, an MF route to e-commerce

• Pramerica has approached Sebi to launch a scheme focused on the hot sector
• e-commerce boom: Valuation of direct plays are expensive. It is better to play e-commerce boom through Telecom, IT and logistic sector.
• Pramerica’s closed-end scheme, benchmarked to the CNX 500 and rated ‘high risk’, will allow small investors a piece of this action for as little as Rs 5,000, the minimum investment. “The objective is long-term capital appreciation by investing in equity & equity-related securities, including derivatives of a diversified set of companies benefiting from rise of e-commerce in India,” the fund house said in the scheme information document filed last week.