What should you do when a reputed fund manager quits? Should you redeem your investments promptly and shift the money elsewhere or stick around to let the new fund manager prove his credentials?
Most experts advise not to press the panic button. A pedigreed fund house is not likely to feel the pinch after an individual's exit. If it has robust practices in place, along with a competent team, the performance is unlikely to be affected much. A fund house where the process takes precedence and which doesn't operate according to the whims and fancies of an individual will continue to deliver.
However, some fund houses are run like a one-man show and are likely to undergo changes in strategy if there is a change at the helm. This is surely a red flag. Even so, the investor should not head for the exit right away. The new manager should be given time to settle in.Monitor the fund's performance and changes in key attributes, such as investment style, portfo lio turnover, etc. If the fund manager is heading for the exit, put the fund on a watch list, but don't pull out immediately. Give the new fund manager 3-6 months to prove his credentials, and switch if the performance deteriorates. However, if you had invested purely on the basis of the fund manager, you may switch the fund when he leaves.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 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 -
Invest Online
Download Application Forms
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
Invest Any Mutual Fund Online
Download Mutual Fund Application Forms from all AMCs
Posts
0 comments:
Post a Comment