Prajna Capital |
- Reliance Regular Savings Fund – Balanced Option
- Tax benefits over and above Rs 1 Lac Investments
- RAJIV GANDHI EQUITY SAVINGS SCHEME (RGESS)
| Reliance Regular Savings Fund – Balanced Option Posted: 08 Feb 2013 05:59 AM PST Download Mutual Fund Application Forms Call 0 94 8300 8300 (India)
Painful as its slump was in 2011, we still think it remains a more-than-respectable choice. With an equity allocation capped at 75 per cent, the fund manager never hesitated to touch this limit. Last year the equity exposure of the fund averaged around 73 per cent. Nevertheless, we don't believe this was the sole cause of its poor performance. In fact, the allocation was in line with the category average. Where the fund did get hit was in its exposure to smaller fare.
In 2011, the fund's equity exposure to large caps was around 54 per cent (category average: 62%). While BSE Mid Cap and BSE Small Cap shed 34.19 and 42.61 per cent, respectively, the Sensex limited its fall to 24.64 per cent. Despite getting hit, the fund has not shed its mid- and small-cap bias.
The only comfort is that the number of stocks hovers above 30 while prior to 2009 they ranged between 15 and 20. It is this equity limit combined with the decision to invest in mid and small caps and not get too diverse in terms of number of stocks that gives this fund a risky bent.
The equity portfolio of the fund is managed quite actively. It is not rare to see the fund manager enter a stock only to completely exit it within the next few months. Even with stocks that are held for a long period in the portfolio, intermittent investments and exits are evident. This is all the more visible in large caps where liquidity is not a problem. This gets reflected in the dynamic sector allocations too.
It is only from March 2010 that the fixed income portfolio sports debt instruments with a strong preference towards non-convertible debentures (NCDs) and Certificates of Deposit (CDs). Prior to that, cash and cash equivalents were the sole components. This fund won't take aggressive maturity bets and has, by and large, maintained a low maturity profile which has never exceeded 12 months.
In the first two years of its existence, the fund maintained a very low equity exposure resulting in a classification in the 'Hybrid: Debt oriented' category. From 2008 onwards it got reclassified into the current category.
While Omprakash Kuckian did a good job over the past few years, one has to see if his replacement Sanjay Parekh follows suit.
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 Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Fund Application Forms Best Performing Mutual Funds
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax benefits over and above Rs 1 Lac Investments Posted: 08 Feb 2013 05:10 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Section 80C, without a doubt, is the most popular section when it comes to tax savings instruments or options. But, these are not the only instruments that offer tax benefits, there are many more that give you tax savings benefits. Here's a quick handy list. 1) Section 80D: Medical Insurance policy How: Online insurance portals, insurance company websites or insurance agents. 2) Section 80DDB: Medical treatment of certain illness.
3) Section 80E: Interest paid for education loan.
How: Get the certificate for your education loan lender showing the interest amount you've paid. 4) Section 24: Home loan interest amount. 5) Section 80 TTA: Savings accounts.
6) Section 80 G: Donations How: Ensure that you take receipts for the donations you made and submit it while giving investment proof to your employer. If your employers' investment proof submission form does not have a section 80 G, you can fill these details in the "others" section mentioned in the form. Here is a quick printable list of instruments that offer tax benefits apart form Section 80C. Next we bring, all you wanted to know about House Rent Allowance tax benefits. So, do keep tracking this space. 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 )
------------------ Best Performing Mutual Funds
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RAJIV GANDHI EQUITY SAVINGS SCHEME (RGESS) Posted: 08 Feb 2013 03:39 AM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
1. What is Rajiv Gandhi Equity saving Scheme 2012 (RGESS)? A tax-saving scheme launched by the Government of India with the objective to encourage the flow of savings and improve the depth of domestic capital market. Demat account is compulsory to avail tax benefit under RGESS.
2. The investments under RGESS are available under Section 80CCG of IT Act 1961
3. Individual income tax assesses are allowed deduction in the computation of total income of 50% of total amount invested in RGESS eligible securities subject to a maximum deduction of Rs.25, 000. The maximum investment eligible for the purpose of deduction under Section 80CCG is Rs. 50,000.
4. You are eligible for income tax deduction benefits under Section 80CCG provided – i) You are a resident individual, new retail investor. ii) Your gross total annual income does not exceed Rs.10 lakhs. iii) You have invested in RGESS eligible or your investment is locked-in for the period of 3 years from the date of acquisition.
5. Who is a "New Retail Investor?" "New retail investor" is a resident individual:- • Who has not opened a demat account and has not made any transactions in the derivative segment as on the date of notification of the Scheme or who has opened a demat account before the date of notification of the Scheme but has not made any transactions in the equity or the derivative segment thereafter.
An individual who is not the first account holder of an existing joint demat account shall also be eligible to open an individual demat account for the purposes of this Scheme.
RGESS 2012 was notified by the Ministry of Finance, Government of India on the 23rd November 2012 (Notification S.O. 2777 (E))
6. Eligible securities as defined under RGESS are – Equity shares of companies representing "BSE-100" Index or "CNX- 100" Index including their Follow on Public offers (FPO), Maharatna, Navratna or Miniratna public sector enterprises and their FPOs, Units of Exchange Traded Funds (ETFs) or Mutual Funds.
7. you can designate your existing demat account as RGESS designated demat account by submitting Form A to DP and PAN for designating existing demat account as RGESS eligible account. Illustration:
Note- Deduction under 80CCG is available only where gross total annual income doesn't exceed Rs.10 lac. 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 )
------------------ Best Performing Mutual Funds
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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