Prajna Capital |
- HDFC Taxsaver
- SBI Mutual Fund FMP
- Motilal Oswal Gold ETF
- Motilal Oswal GOLD ETF
- Birla Sun Life Fixed Term Plan Series
- Multi Commodity Exchange IPO
- ICICI Prudential Tax Plan
- Birla Sun Life Insurance - Rainbow
| Posted: 22 Feb 2012 03:40 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form HDFC Taxsaver has an impressive track record of generating returns as well as protecting the downside
When this fund hit a roadblock in 2007 (other schemes from this fund house also got hit), questions abounded as to the end of its lucky streak. It certainly was a jolt to investors. In 2007, the fund found itself at the bottom of the ladder with a return of 39.44 per cent; the best performer in this category delivered 112 per cent! That was the first time it underperformed its benchmark since inception. But critics have been silenced since the fund manager has managed to deliver top quartile annual performances since then.
The fund tends to take a top-down approach before going for stocks that will deliver the outperformance. But in this strategy, it could well deviate from the current market position. Way back in 2000, when most funds were betting heavily on Infotech, this one held onto FMCG and was quick to offload its IT exposure. It actually delivered a positive return of 5.74 per cent that year (category average: -24.13%). In 2007, the allocation to Metals was miniscule (naturally it got punished for that stance temporarily). In 2009 when Energy was chased (category average exposure: 16%), this fund had just 10 per cent allocated to it on an average. It also had close to one-fifth of its portfolio allocated to FMCG and Pharma; the lowest performing sectors that year. But investors who are willing to cast their lot with the fund manager's convictions have not been let down. An annualized return of around 30 per cent over the past three years ended November 30, 2011, bears testimony to the fund manager's skill.
Over the years, there has been no tilt towards any single market cap. Although over half of the fund's assets were into large caps during the end of 2011, that has not always been the case. Way back in 2004, almost half of the fund's assets were into small caps. In 2006, when large caps outperformed, the fund increased exposure to large caps to 60 per cent of the portfolio and did it again in 2008. By mid-2009, it had around 60 per cent of its portfolio allocated to mid and small caps.
In its 14 years of existence, this fund has really proved its mettle. Current fund manager Kulkarni has managed the rising asset base smartly, a natural outcome being an increase in the number of holdings. As on June 2011, the number of stocks in the portfolio stood at 63
This fund's track record shows its ability to generate superior returns and display resilience when the market is on a downslide. --------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 22 Feb 2012 01:50 AM PST SBI Mutual Fund has announced the launch of SBI Debt Fund Series 90 Days 57. The new fund offer will be open for subscription from February. --------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 22 Feb 2012 12:17 AM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form
FOR the first time Indian retail investors in gold ETFs (exchange traded fund) will get a chance to take physical delivery. Motilal Oswal Mutual Fund, which launched its gold-based ETF on Tuesday, will allow investors to take physical delivery in minimum 10 gm bars, a first for Indian markets. Though a dozen gold ETFs have been launched so far since 2007, they allow only market participants to take delivery of physical gold, and that too at minimum 1 kg, valued at Rs 28 lakh at present prices. The Motilal Oswal MOSt Shares Gold ETF is an open ended ETF that invests in bullion. The redemption of the units in minimum 10 gm gold bars will be done in association with RiddiSiddhi Bullions (RSBL), acting as primary authorised participants and market makers. The delivery of the physical gold will take T+5 days where 'T' is the transaction day. The redemption of the same gold ETF in cash on exchanges for investor will take T+2 days. The physical delivery facility will be available across 22 cities in India. There are already a dozen other gold ETF products by different asset management companies, but, physical delivery is not offered to individual retail investors. Only market participant can take physical delivery of minimum 1 kg gold. This is a unique offering as it offers the best of both worlds – investment-cum consumption – in a very cost-effective manner. By taking physical delivery of gold bars, investors will be able to buy pure gold much cheaper than available in coins and bar form with banks and jewellers who charge a premium of 6 to 17 per cent over the imported gold price. RSBL and Motilal Oswal has tried to meet the needs of all Indians wanting to have gold in their portfolio, whether as an investment or physically. This product has everything for a consumer – effective pricing, assurance in purity and weight of LBMA (The London Bullion Market Association) listed refiner bars and tax efficiency. Units of the MOSt Gold Shares will be listed on the NSE and BSE. The NFO will be open for subscription from March 2 till March 16. The minimum investment amount during the new fund offer is Rs 10,000, and in multiple of Rs 1 each, thereafter. --------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 21 Feb 2012 09:20 PM PST Tax Saving Mutual Funds Online Current open Infra Bond Application form The gold fever, which caught on last year, seems to be a rage still. Though prices have tapered a little — returns from gold exchange-traded funds were down 3.5 per cent in the last three months — enthusiasm hasnt ebbed. The euphoria then is justified, as the yellow metal returned 35.59 per cent in the last one year. Motilal Oswal Mutuals New Fund Offer (NFO) plans to tap this trend. But, the product has been tweaked slightly —investors can redeem units of gold (minimum ten grammes) directly from the fund house and get an equivalent amount of physical metal, quite similar to the National Spot Exchange that allows this through its e-series. However, unlike banks or jewellers, who charge a premium on physical gold, the product will price the units based on the Indian spot price of the metal. In addition, there will be a value-added tax. The minimum investment amount during the NFO will be ~10,000. The expense ratio would be up to 1.3 per cent at the moment, said Rajnish Rastogi, senior VP and cohead of equities at Motilal Oswal Mutual Fund, which is in line with the other gold ETF schemes — eleven at present —that charge between one and 1.5 per cent. The units of the scheme will be listed both on the NSE and BSE. Investors can buy or sell the units through their trading accounts with their brokers or sub-brokers at the price quoted on stock exchanges. "When you want to redeem units, you will have to approach the fund house, furnish your PAN card details and another identity proof such as drivers licence or voters ID. It will take T+5 days to receive your gold units after putting in your request for redemption", said Rastogi. There is no entry or exit load applicable. Since all gold ETFs give similar returns, there wont be much difference in these. The only innovation being able to buy gold cheaper than banks or jewellers - isnt a great differentiator. But, the cost difference — five to 15 per cent — can make it beneficial for the long-term saver. Typically, it can be used by people who want to save for their childrens wedding few years down the line. A 10-15 per cent savings could be significant then. This is like a monthly savings scheme that many jewellers such as Tanishq have, where investors can pay monthly and buy jewellery at the end of the tenure. Some jewellers even pay one or two instalments. MOSts gold ETF can be used to save gold over alonger term and then use it for making jewellery. However, as Hemant Rustagi, CEO, Wiseinvest Advisors, puts it, "The usual expenses will have to be incurred once the physical gold is given to the jeweller. Any saving, therefore, is only interim in nature." As for taxation, there will be none on redemption in the physical format. But if you sell the gold within three years, you will be levied a short-term capital gains tax in which the gains will be added to income and taxed according to your slab. And, if it is sold after three years, you can index the cost and long-term capital gains tax of 20 per cent. However, if you use it as any other gold ETF, the tax will be similar to debt instruments. Since the advantages of the conversion to the physical format are not significant, treat this scheme like any other ETF. The NFO for the scheme will open on March 2 and will close on March 16. The minimum investment amount during the NFO will be ~10,000. The expense ratio would be up to 1.3 percent --------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Birla Sun Life Fixed Term Plan Series Posted: 21 Feb 2012 08:21 PM PST
Birla Sun Life Mutual Fund has announced the extension of the closing date for the new fund offer of Birla Sun Life Fixed Term Plan Series EL. The scheme will now close on February 28. --------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 21 Feb 2012 07:33 PM PST Multi Commodity Exchange of India Ltd (MCX) is going for the pubic issue of its shares between 22nd Feb 2012 to 24th Feb 2012. The issue is priced between Rs.860 to Rs.1032.
--------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Posted: 21 Feb 2012 09:13 AM PST Tax Saving Mutual Funds Online
After a fabulous run between 2003 and 2005, the fund hit a rough patch between 2006 and 2008 and underperformed the category average consecutively all those years. But the reason was not bad fund management. The reason was simply that the fund manager's convictions were not recognised by the market for a period of time. For instance, in 2007, being underweight on Energy and Metals and overweight on FMCG and Pharma limited the fund's gain.
The reason for the mixed performances is also due to the fact that allocation to mid and small caps has led to some exceptionally good years but also results in the fund getting beaten down during market downturns. In 2009, it grabbed the top slot with a return of 112 per cent. Conversely, in 2008, the refusal to run into cash and pack the portfolio with large caps affected returns.
But the fund manager eventually gets rewarded for sticking his neck out. And in the past two years, he has definitely stood vindicated. Even if one looks at the current three-year annualised returns (for the period ending January 31, 2012), which are in the vicinity of 34 per cent, there is no denying the impressive calibre of this fund.
If you are looking for a large-cap fund, this will not suit you, though there will be periods when such stocks dominate. The fund manager changes the composition of the fund depending on market conditions. This fund does not have any bias towards stocks of any capitalization. As there is a lock-in period of three years, we don't think it is required to have a large-cap bias as liquidity is not the issue.
Currently the fund holds 14 stocks which are held by less than 10 other equity funds. The fund manager has also taken a contrarian view by going underweight on FMCG. "We believe that the sector is highly valued and we think Pharma gives the same kind of payoff at lower valuations
The fund has the lowest Price-to-Earning (PE) and Price-to-Book (PB) ratio among its peers. But this is because of the exposure of the fund towards smaller stocks, not because it follows a value approach. This is a multi-cap fund which does not follow a specific value or growth strategy. It follows a combination of all kinds of strategies as it is an all-purpose fund to cater to the mass investor.
Although, the top holding (Reliance Industries) accounts for around 10 per cent of the portfolio, allocation to top five holdings (25%) is on the lower side.
--------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| Birla Sun Life Insurance - Rainbow Posted: 21 Feb 2012 06:23 AM PST
--------------------------------------------- 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 )
--------------------------------------------- Application form for Tax Saving Infrastructure Bond and more information Current open Infra Bond Application form
Submit filled up application Collection canter near you
------------------------------------------------ Apply for HUDCO Tax Free Bonds forms below Download HUDCO Tax Free Bond Application Forms Submit the filled up form to Collection canter near you
------------------------------------------------ Apply for REC Tax Free Bonds forms below Download REC Tax Free Bond Application Forms Submit the filled up form to Collection canter near you Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  |
| You are subscribed to email updates from Prajna Capital - An Investment Guide To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment