Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

 

 

ICICI Pru Dynamic Fund

 

The cash and equity allocation of the fund is decided by the price to book value-based algorithm, which is done on a daily basis.

 

Since contra calls form a part of investing style, the fund manager does hold stocks in out-of-favour sectors. Its exposure to energy, metals, chemicals and communication exceeds benchmark allocation by more than 5 per cent. Similarly, it is underweight on financial sector vis-a-vis the benchmark as its exposure has usually been in the range of 10 to 15 per cent and occasionally crossing 20 per cent. Since the fund manager is not bound by a particular style of investing -- whether it is growth, value or contra -- he has the discretion to take aggressive or defensive asset calls, based on market conditions. Reliance Industries and Texmaco Infrastructure and Holdings have been consistently held for more than 8 years.

 

Also, the fund does not shy away from taking cash calls as its cash allocation has sometimes gone above 20 per cent. Its average equity allocation since its launch is 85 per cent.

 

Performance

In 2008 it fell by 44 per cent compared to category's 54.79 per cent. Again in 2011, it was able to contain the decline better than the category average by 3 per cent. On the downside, it fails to show the same prowess during a rising market. It has given a mixed performance during market upturns in 2010 and 2012 and did only marginally better than the category average. But, it has managed to give higher returns than the category average in over 6 years since its inception. And has also managed to beat the benchmark always since its launch except 2007.

 

Its long term results reflect consistent performance as its 5-year annualised returns of 7.64 per cent are slightly better than the category average of 5.19 per cent.

 

Why invest?

The fund is known for its agility and its composition changes according to the market volatility; helping it fall less during downturns and also post decent gains during upturns. All this has helped it emerge as the second-largest fund in its category.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online