Prajna Capital |
- Now you can register your property online
- SBI Magnum Sector Umbrella – Emerging Businesses Fund
- DSP BlackRock US Flexible Equity Fund - New DSP BlackRock Fund
- Franklin Templeton Mutual Fund Fund Manager Change
- Higher interest rate on PPF
- HDFC Balanced Fund
- Zero coupon bonds
- LIC Jeevan Akshay – Online annuity product
- Tax free bonds are good for risk averse investors
- Birla Sun Life Vision
- Term insurance a must to cover your financial liability and provide security for your dependents
- LIC Nomura Mutual Fund - Change in Fund Manager
- Mirae Asset India Opportunities Fund
- REC and NHAI issue Capital Gain Bonds 2012 - 2013
| Now you can register your property online Posted: 12 Jul 2012 06:42 AM PDT Download Mutual Fund Application Forms
The Delhi government on Monday launched an online registration of properties with an aim to plug revenue leakages, ensure transparency and offer people hassle-free services.
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| SBI Magnum Sector Umbrella – Emerging Businesses Fund Posted: 12 Jul 2012 04:24 AM PDT Download Mutual Fund Application Forms Launched in October 2004, SBI Magnum Sector Umbrella – Emerging Businesses Fund has been ranked CRISIL Fund Rank 1 (in the top 10 percentile of its peer group) in the CRISIL Mutual Fund Rankings over the past three quarters in the small and mid-cap equity funds category. Further, the fund has been in the top 30 percentile (CRISIL Fund Rank 1 or CRISIL Fund Rank 2 cluster) over the past seven quarters. Thus the fund has been a consistent performer in this category.
The investment objective of the fund, managed by Rama Iyer Srinivasan, is to participate in the growth potential presented by various companies that are considered emergent and have export orientation/outsourcing opportunities or are globally competitive. The fund may also evaluate emerging businesses with growth potential and a domestic focus.
The fund has maintained a growth-oriented investment style, with the portfolio tilted towards small- and mid-cap stocks comprising 81 per cent of its equity portfolio in the past three months. A higher exposure to small- and midcap stocks helps in generating superior returns while increasing volatility and liquidity risk for the fund. The 19 per cent investment in large-cap stocks lends some extent of diversification to the portfolio in terms of capitalisation.
The fund has outperformed its benchmark (BSE 500), CNX Midcap Index and the category average across one, two, three, five and seven years. The higher returns of 10.29 per cent (CAGR) over a seven-year period are in line with investment horizon for this asset class which rewards investors who hold funds for longer time frames. Over the past year, the fund has delivered a positive return of 8.9 per cent vis-à-vis negative 14.66 per cent, 16.01 per cent and 7.03 per cent of the benchmark, CNX Midcap Index and category average, respectively. The fund's superior riskadjusted performance is evident from its Sharpe ratio of 0.15, in the past year, compared to negative 1.01 for the category.
An investment of ~1,000 in the fund since its inception would have grown to ~4,365 as on June 5, 2012, yielding a CAGR of 21.23 per cent. A similar investment in the benchmark and category would have grown to ~2,634 and ~3,438, respectively – a CAGR of 13.49 per cent and 17.51 per cent, respectively.
An SIP analysis also reveals the fund has substantially outperformed the benchmark over the five and seven-year periods analysed.
Portfolio analysis The fund has dynamically managed its equity exposure depending on the market conditions. During the past year when the markets were volatile, the fund reduced its equity exposure to an average 88 per cent from an average 93 per cent maintained a year ago. A similar strategy was followed by the fund during the economic turmoil in 2008 where it reduced its equity exposure to an average 90 per cent in the December 2008April 2009 period.
The fund is holding a relatively concentrated portfolio as compared to the category, both at the sector and stock level. The top five stock holdings of the fund formed 34 per cent of its portfolio against 24 per cent for the category, whereas the top five sector holdings constituted 57 per cent vis-à-vis 52 per cent for the category over the past year. At the stock level, the fund has held an average 29 stocks in its portfolio, as against 49 for the category over the past three years.
In terms of sectors, the fund's higher exposure to consumer non-durables and lower exposure to oil and gas (0.13 per cent versus 4.79 per cent for benchmark) have helped the fund generate superior returns over the past year compared to the benchmark. The fund has added software and power while exited fertilisers over the past five months. The fund has not maintained any exposure towards the construction sector over the past year. It has gradually reduced its exposure towards construction from an average 17.5 per cent between January 2008 and March 2009.
Key stock selections, such as Page Industries, Hawkins Cookers, Gillette India and Agro Tech Foods have helped the fund generate higher returns than the category average in the past two years. -------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Fund Application Forms Best Performing Mutual Funds
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| DSP BlackRock US Flexible Equity Fund - New DSP BlackRock Fund Posted: 12 Jul 2012 01:43 AM PDT
DSP BlackRock US Flexible Equity Fund is a feeder fund which will give Indian investors access to US equities by predominantly investing in the BlackRock Global Funds–US Flexible Equity Fund (BGF - USFEF). BGF - USFEF invests at least 70% of its total assets in the equity securities of companies having economic activity in the US.BGF - USFEF normally invests in securities that, in the opinion of the Investment Adviser, exhibit either growth or value investment characteristics, placing an emphasis as the market outlook warrants. BGF – USFEF's investment strategy is based on the belief that incorporating growth/momentum and valuation factors with disciplined security selection and portfolio construction will provide consistent and repeatable investment success. Why should one invest in this Scheme? By investing in DSP BlackRock US Flexible*Equity Fund, investors can get access to: The world's largest country by GDP at USD 15.1 trillion^ The world's largest equity market by market capitalization at USD 15.7 trillion^ One of the most well diversified markets in the world Some of the most innovative and market leading companies in the world such as Apple Inc, Google, Proctor and Gamble, General Electric among many others~ (~Company examples are for illustration purposes only, there is no guarantee that they will form a part of the portfolio of BlackRock Global Funds - US Flexible Equity Fund; ^ Source: Bloomberg; CLSA Research, ISI, Internal; data as at May 31, 2012. Past performance may or may not be sustained in future.) Why should an investor consider US equities today?
(Source: BofA Merrill Lynch Global Research, Bloomberg; data as at March 2012. Past performance may or may not be sustained in future.) Where can I find out more about this Scheme? Please refer to the NFO KIM cum Application Form. NFO Period: July 17, 2012 to July 31, 2012. *The term "Flexible" in the name of the Scheme signifies that the Investment Manager of the Underlying Fund can invest either in growth or value investment characteristic securities placing an emphasis as the market outlook warrants. Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Franklin Templeton Mutual Fund Fund Manager Change Posted: 12 Jul 2012 01:36 AM PDT Tax Saving Mutual Funds Online Franklin Templeton Mutual Fund has announced the change in fund manager for foreign securities with effect from March 21, 2012. Mr. Rajat Malhotra has ceased to be the co-fund manager for investment in foreign securities for Franklin equity team.
However, Mr. Murali Krishna will continue to be the dedicated fund manager for investment in foreign securities for Franklin equity team. --------------------------------------------- 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 Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 12 Jul 2012 12:51 AM PDT Tax Saving Mutual Funds Online
WITH an increase in interest rate on public provident fund (PPF) deposits to 8.6 per cent and enhanced limit of up to Rs 1,00,000 for availing tax benefits, PPF deposits looks like a good long-term investment option. These deposits are also eligible for deduction under Section 80C of the Income Tax Act.
Maturity period: In long term planning, financial advisers recommend PPF as one of the means to build wealth. The maturity period is 15 years from the close of the financial year in which the initial subscription was made. At the end of this period, you get the entire amount (principal and interest earned). The maturity date depends on the financial year, and not on the date of its opening. An individual is allowed to open only one PPF account.
PPF gives best post-tax returns. Individuals falling in the higher tax brackets should make use of this investment option. The return is guaranteed and with no risk involved.
This tool allows you flexibility to invest, depending on your financial position. Minimum investment required every year is Rs 500. You can vary the deposit amount as per your convenience.
You can open PPF account in a bank or a post office near you. Opening the account involves filling up of application form and the tendering of cash / cheque for initial subscription.
Along with the form, you will have to submit documents such as passport size photograph, PAN and address proof. When you open the account, you will be given a passbook. The passbook needs to be updated for every investment you make and for the interest you receive. You can open PPF account for minors too.
Withdrawal clause: Though the PPF deposits have a lock-in period of 15 years (which means it can't be closed before 15 years), one can make partial withdrawal in seventh year of the account. You can make only one withdrawal every year.
To keep your PPF account active, you need to make at least a minimum deposit every year, or else, your account will become inactive and you become ineligible for loan as well as partial withdrawal. However, you can revive the discontinued PPF account after pay ing the prescribed default fee of Rs 50 per year along with subscription arrears, minimum of Rs 500 for each such year. Even if the account is discontinued, the repayment of subscriptions along with interest would only be credited after the lock-in period of 15 years.
"Preclosure of PPF account is allowed only in case of death of account holder.
In case of preclosure, corpus is paid to the nominee.
--------------------------------------------- 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
Mutual Fund Application Forms Download Any Applications Buy Mutual Funds Online Invest Online Infrastructure Bond Application Forms Download Applications  | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Posted: 12 Jul 2012 12:04 AM PDT Download Mutual Fund Application Forms
Launched in September 2000, HDFC Balanced Fund is an equity-oriented hybrid fund, with average assets under management (AUM) of ~555 crore as of March 2012. The fund has been consistently ranked CRISIL Fund Rank 1 for the past six quarters. The consistency in its rankings highlights a combination of superior risk-adjusted performance and disciplined portfolio management.
Investment style HDFC Balanced Fund seeks to benefit from two asset classes —capital appreciation of equities and stability of fixed income instruments. Balanced funds are treated like equity oriented funds for tax purposes wherein dividends and long term capital gains are tax-free. The scheme is mandated to invest in the proportion of 60 per cent to 80 per cent in equity and the remaining in fixed income securities. During the past three years the fund has maintained an average equity exposure of 68 per cent.
Performance The fund has outperformed its benchmark, CRISIL Balanced Fund Index, and the category average across various timeframes (one, three, five, seven and 10 years). Despite market volatility over the recent three years, the fund has delivered an annualised return of 27 per cent, more than double the benchmark (13 per cent) and well above the average returns delivered by the balanced fund category (18 per cent).
Assuming a minimum holding period of five years in case of balanced funds, based on five-year daily rolling returns, HDFC Balanced Fund has outperformed the benchmark 99 per cent of the time.
Risk attributes (measured by volatility) The fund has delivered higher returns at lower volatility. Over afive-year period, the fund has average volatility of 18 per cent vis-à-vis 20 per cent for the category.
Portfolio analysis Over the past three years, the fund has been managed with a fairly stable equity-debt asset allocation mix. The fund has been investing in the range of 65-71 per cent in equities over this period and the average exposure to equities has been 68 per cent. The fund is neither aggressive nor defensive in its portfolio allocation. Yet, it seeks to moderate risk by dynamically changing allocation between the asset classes. The average exposure to cash and cash equivalents constituted eight per cent of the portfolio over the past three years, thus providing sufficient liquidity.
Within equities, the fund maintains a fairly diversified portfolio. The average number of stocks in the portfolio for the last three years is 32, indicating good stock-wise diversification. At a market capitalisation level, the fund uses a combination of large- and mid-cap stocks in its portfolio. Some of the top holdings that have been retained over the past three years include Reliance Industries, Tata Consultancy Services, Infosys and Axis Bank.
The fund has maintained good credit quality in the debt portion of its portfolio. The average exposure to G-Secs and highest rated papers has been 83 per cent of the debt portfolio over the past three years. Sector trends Pharmaceuticals, banks, software, auto ancillaries and consumer non-durables have been the most preferred sectors in the fund's portfolio over the last three years with exposure to these sectors at nearly 37 per cent of the equity portfolio. Over the past three years, these sectors have significantly outperformed the S&P CNX Nifty. --------------------------------------------- Invest Mutual Funds Online
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Best Performing Mutual Funds
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| Posted: 11 Jul 2012 11:03 PM PDT These are bonds for which there is no coupon payment. They are issued at a discount to face value with the discount providing the implicit interest payment. In effect, these can be construed as long duration T - Bills or as bonds with cumulative interest payment.
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| LIC Jeevan Akshay – Online annuity product Posted: 11 Jul 2012 10:36 PM PDT Download Mutual Fund Application Forms LIFE Insurance Corporation of India (LIC) has launched its first online product, Jeevan Akshay VI, an only immediate annuity product in India, on Thursday. While private players have been selling insurance products online for past three years, LIC is taking the first step into online space.
On payment of a lump sum, a policyholder is entitled to an annuity from the very next month under any one of the seven annuity options chosen by him. The product is available for ages 30 to 85 years. It was launched by J Hari Narayan, chairman, Irda during a conference of LIC in Mumbai. The Irda chairman remarked that there is a need for more annuity products.
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| Tax free bonds are good for risk averse investors Posted: 11 Jul 2012 03:58 AM PDT Download Mutual Fund Application Forms
Consider returns, liquidity and safety before investing
TAX free bonds issued by government-promoted infrastructure development companies, will hit the markets again this year to raise Rs 60,000 crore, as announced in the Union budget. Last financial year, the National Highway Authority of India (NHAI), Power Finance Corporation (PFC), Rural Electrification Corporation (REC), Housing and Urban Development Corporation (Hudco) and Indian Railway Finance Corporation (IRFC), raised Rs 30,000 crore through this route.
In a tax-free bond, the tax advantage is not on the principal investment amount that in some instruments, such as public provident fund, can be deducted from the total income. The tax advantage in a tax-free bond is on the interest. The interest earned on the tax-free bonds is not added while calculating personal income tax. The interest is paid annually on a fixed date every year.
In a 10-year bank FD paying 9.75 per cent, the reinvestments of interest will take place at 9.75 per cent, though the interest earned on them will continue to be taxable at 30 per cent for the same investor.
In terms of safety, these bonds may have an AAA rating now, but, there is no guarantee that it won't be downgraded later and pose a risk to your principal amount.
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| Posted: 11 Jul 2012 01:37 AM PDT Download Mutual Fund Application Forms
Birla Sun Life Vision is a whole life plan that offers insurance cover until the age of 100 years. The premium paying term here is limited and the policyholder can choose a term from 5 years to 35 years. The policyholder is also free to choose the life cover/sum assured subject to a minimum of 1 lakh.
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| Term insurance a must to cover your financial liability and provide security for your dependents Posted: 10 Jul 2012 11:55 PM PDT Download Mutual Fund Application Forms
Policies sold online are cheaper and loaded with features
THE internet is full of advertisements from life insurance companies selling Rs 1 crore life cover for annual premium as low as Rs 6,000. But, what are these policies and what benefits do they offer?
Experts suggest that term plans should be bought by all individuals who have financial liability because they have high life cover for a low premium.
Also, the marketing costs of the company and perceived risk of death are significantly lower with higher persistency (renewal rate) because policyholders have opted for the product themselves.
Insurance companies are adding extra benefits to make their online term plans more attractive. Several insurers have also started offering return on premium option to customers who want to get maturity value.
Insurers say sale of term or pure life insurance plans has gone up by 30-40 per cent with increased aware ness about the need for life insurance.
Term plans sales are going up due to increase in awareness. Number of term plans and total sum assured have gone up significantly.
Most life insurers have begun offering term plans especially designed to be sold online. Premium on term plans vary from company to company. For a 35year-old male, for a life insurance cover of Rs 1 crore, premium can vary between Rs 10,675 to Rs 47,755.
Each company fixes premium depending on risk perception of a customer.
However, select your insurance company after carefully reading the exclusions in your insurance policy not just on the premium.
You can also enhance your life cover by adding riders to the covers by paying a small additional sum.
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| LIC Nomura Mutual Fund - Change in Fund Manager Posted: 10 Jul 2012 10:51 PM PDT Download Mutual Fund Application Forms
LIC Nomura Mutual fund has announced that Mr. Surendra Jalani has been managing LIC Nomura MF Balanced, MIP, Unit Linked Insurance Scheme, Children's Fund & Floater MIP since May 23, 2012. Prior to May 23 ,2012 all the above mentioned schemes were being managed by Mrs. Bichitra Mahapatra.
Mr. Jalani is a C.A. and a fellow member of ICAI . He has vast experience in Investment Accounting, Equity Research, Equity Fund Management, etc. --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Fund Application Forms Best Performing Mutual Funds
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| Mirae Asset India Opportunities Fund Posted: 10 Jul 2012 10:01 PM PDT Download Mutual Fund Application Forms
The fund is very cautious and selective in picking up companies. It refrains from taking aggressive calls, but has consistently beaten its benchmark. Those looking for reasonably good returns over the long term can invest in the fund
The current concerns are reflected in attractive valuations. We follow stock specific approach to invest in quality businesses, and would avoid weak businesses despite cheap valuations. Currently, we like companies where topline and/or margins are impaired in the near-term, but would revert to the mean.
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| REC and NHAI issue Capital Gain Bonds 2012 - 2013 Posted: 10 Jul 2012 04:11 AM PDT Download Mutual Fund Application Forms
Who can apply? Document to be provided by all investor
1. Self attested copy of PAN Card (In case of joint application, self attested PAN copy of all applicants)
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Best Performing Mutual Funds
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