Friday, December 30, 2016
by
Indian Real Estate News
| Tenure | 1100 days |
| NFO Period | 21st December 2016 to 4th January 2017 |
| MICR cheques | Till end of business day on 4th January 2017 |
| RTGS and transfer cheques | Till end of business day on 4th January 2017 |
| Switches | Switches from equity schemes - 4th January 2017; Till cut off time (specified for switch outs in the source scheme) 4th January 2017 from other schemes^ |
| Option to be launched | ICICI Prudential Value Fund - Series 10- Growth & Dividend
ICICI Prudential Value Fund - Series 10 Direct Plan - Growth & Dividend |
| Entry / Exit Load | Nil |
| Minimum Application Amount | Rs.5,000/- (plus in multiple of Re.10) |
| Liquidity | To be listed |
| Benchmark | S&P BSE 500 Index |
| Fund Manager | Mrinal Singh & Vinay Sharma* |
We have recently witnessed high volatility in Indian Equity market due to events like demonetisation, RBI monetary policy, Fed rate hike. Demonetisation is part of long-term structural reforms. It may lead to near term market volatility but we believe it should be followed by growth in financial inclusion, digital payments and banking liquidity as parts of the unorganized economy move into organised and mainstream economy, boosting growth and investors should look beyond near term concerns, as situation will return to normal and the economy can start moving smoothly again.
Also improvement in the macro indicators, focus on new and existing projects, and governments thrust on reforms, we believe the economy has reached the inflection point and is expected to grow over next 3 to 5 years and this strengthens our conviction in launching ICICI Prudential Value Fund - Series 10, a 3 year close ended equity fund that aims to provide long-term capital appreciation by taking exposure in those stocks/sectors that are more levered to the economy and are likely to grow at a faster pace.
Presenting ICICI Prudential Value Fund - Series 10
The Scheme aims to:
- The fund may invest unto 70% in large cap and 30% in a mix of mid & small cap stocks.#
- The fund will invest in sectors that are likely to get benefited from India's economic recovery and expected to do well in the next 3 years. Sectors which can be benefited are
- Interest Rate sensitive sector
- Infrastructure Sector
- Declare commensurate dividends*.
*Dividends will be declared subject to availability of distributable surplus and approval from Trustees.
# The no. of stocks is to explain the investment philosophy and the actual no. may go up and down depending on than prevailing market conditions at the time of investment. The fund may invest in upto 25 stocks depending on the discretion of the Fund Manager. The stock selection and investment strategy will be as per the scheme information document.
Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds
Top 4 Tax Saver Mutual Funds for 2017 - 2018
Best 4 ELSS Mutual Funds to invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. BNP Paribas Long Term Equity Fund
Invest in Best Performing 2017 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
Download Top Tax Saver Mutual Funds Application Forms
For further information contact SaveTaxGet Rich on 94 8300 8300
Leave your comment with mail ID and we will answer them
OR
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
OR
Call us on 94 8300 8300
Posts
0 comments:
Post a Comment