The fund emerged as a winner the last year and became a five-star fund in October 2014. It offered 101 per cent returns the last year, 39 per cent more than its benchmark index. The fund started its journey somewhat shakily, but it has steadily improved its performance since then, barring a single occasion in 2013. In fact, it stands tall at the sixth place among all equity schemes in terms of five-year returns. Its trailing three- and five-year returns reflect its decent run, higher by 7 per cent than the category average. Among the smaller funds in the category, this one has the potential to reward its investors with its good performance.
The total number of stocks in its portfolio has gradually increased and currently it holds 63 stocks in its portfolio. It is one of the few funds which are underweight on financials vis-Ã -vis the benchmark. Another sector where it is grossly underweight is healthcare. Currently, it is overweight on the metals, energy and construction sectors.
The fund follows a thorough bottom-up stock-picking approach to identify companies. It uses a combination of growth-oriented style of investing and the value approach to create a diverse portfolio of fundamentally strong companies. This stock-picking strategy is also known as growth at reasonable price (GARP). The fund tries to reduce the volatility that is commonly associated with mid-cap companies through adequate diversification of its portfolio, which seems to have helped the fund in both upward and downward markets.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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Here are the ways in which you can maximise the returns from your systematic investment plan (SIP) in a mutual fund
Stay Invested Over Full Cycle
Many people terminate an SIP when the market falls. By doing so, you forego the chance to buy more units at a lower price, which can yield a good return when the market turns around.
Link SIPs to Financial Goals
Prioritise your financial goals, fix a time frame and quantify each goal in terms of the corpus. You can make SIP investments as per each goal, depending on the time horizon and risk profile.
Stagger the Investment
Fund houses al low SIP investments on specific dates of a month. If you have multiple SIPs, it would be better to stagger the pay out over the entire month. In this way, you retain liquidity.
Step up Your Commitment
Your need for funds will in crease over the years due to inflation. Having a step-up SIP approach, where you hike the monthly commitment every year, will ensure that you keep pace.
Systematic Transfer Good
To ensure funds for SIP, maintaining a big balance is not advisable as it does not fetch high returns. Instead, you should set up an STP from a liquid fund to the chosen equity fund.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
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| Scheme Name | Existing Fund Manager | Revised Fund Manager | ||||
| Tata Retirement Savings-Progressive Plan | Pradeep Gokhale Raghupati Acharya | Rupesh Patel | ||||
| Tata Retirement Savings-Moderate Plan | Raghupati Acharya | Raghupati Acharya | ||||
| Tata Tax Advantage Fund | Pradeep Gokhale | Rupesh Patel | ||||
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
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Leave a missed Call on 94 8300 8300
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Invest Mutual Funds Online
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1 Investments made towards payment of health insurance premiums qualify for a tax deduction under Section 80D of the Income Tax Act. The limits have been increased for FY 2015-16.
2 Individual assessees can claim deduction for premiums paid towards health insurance of self, spouse, parents and children. HUF can claim deduction for insuring the health of any member of the HUF.
3 The deduction that can be claimed by an assessee is up to `25,000 for health insurance premium paid for self, spouse and dependent children if under the age of 65 and `30,000 if above the age of 65 years.
4 A further deduction of `25,000 could be claimed, for buying health insurance policy for parents of the assessee. It is `30,000 if either of the parents is a senior citizen.
5 The service tax paid on the medical insurance premium is not allowed as a deduction.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
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Leave a missed Call on 94 8300 8300
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Invest Mutual Funds Online
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Sahara Mutual Fund has announced dividend under Sahara Tax Gain-D and Sahara Tax Gain Direct-D. The quantum of dividend shall be R2.50 per unit.
The record date has been fixed as March 31, 2015.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
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Invest Mutual Funds Online
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An open-ended equity fund with the objective to provide 'Capital appreciation' by investing primarily in mid cap stocks.
The fund has been a consistent performer in the last four years and it has managed to deliver superior returns than its peers. It has outperformed its benchmark by 34 per cent and the category average by 15 per cent in the last year.
However, the fund had an uneven performance record before it turned around four years ago. The fund started off well but then skidded into a rough patch in the next three years before staging a brief recovery in 2009. However, it has performed admirably since then. Its trailing three- and five-year returns reflect its renewed performance, as it beat its benchmark by over 10 per cent. Cumulatively, the fund had outperformed the benchmark by over 50 per cent by the end of 2014.
Its average mid-cap holdings in 2014 have been 56 per cent, but it did have a higher exposure to small caps for brief time periods earlier. The fund looks for companies with a track record of generating positive operating cash flows for at least three out of five years on a historic basis.
It also focuses on companies that could spring positive earnings growth surprises and limits its enthusiasm for perpetual turnaround candidates. If at all it falls for the temptation to invest in companies that do not generate cash flows consistently, it limits such holding to less than 1.5 per cent of the total portoflio on an individual basis.
Finally, you should pick this one if you are impressed with its consistency in the last four years and the stable management behind it for more than a decade.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
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Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Past performance may or may not be sustained in the future
As can be seen, long term returns on equities are much higher than returns on gold.
Einstein said "Compound interest is the eighth wonder of the world. He, who understands it, earns it ... he who doesn't ... pays it". This has been experienced here. At 17.1% CAGR, Rs 10,000 has become ~290 times in 36 years, while in gold at 10.4% CAGR, it has become ~35 times.
A difference of ~7% in returns over longer term (36 years) has resulted in 8x increase in wealth.
The average inflation over this period has been ~8% (CPI). Thus, gold has given returns that are close to inflation, thereby merely preserving the purchasing power. On the other hand, Sensex has delivered nearly 9% p.a. excess return over inflation. Over long periods this has made a big difference.
The reason for this is simple. Equities over time grow in line with the growth of underlying businesses. As businesses comprise the economy, the nominal growth of the economy (real growth plus inflation) is a good proxy for the average growth in businesses.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
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