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 April 30, 2013
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Prajna Capital |
| Posted: 30 Apr 2013 04:15 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
This is a large-cap fund with about 65 per cent exposure in large-caps and rest in mid-caps. The fund manager takes a 3- to 5-year investment timeframe with investments across market capitalisation. Investments are in stocks with potential of long-term growth and appreciation. There is no restriction on how much can be invested in a stock or sector, which occasionally leads to high allocation to a single stock or sector.
The fund management style is slightly contrarian and value-focussed rather than momentum-focussed. Investments are mostly in stocks that are accumulated when the valuations are attractive. The fund manager also exits stocks which have outperformed the benchmark significantly before they move to the overvalued zone.
Performance
This fund handsomely rewards investors who stay invested for long. In recent years, it has done well by maintaining a portfolio of quality large-cap stocks such as Infosys, ICICI Bank and Reliance Industries. This has stabilised its performance and helped post better returns. In 2011, the fund was able to curtail the fall with its aggressive bets in healthcare sector on stocks like Cipla and Divi's Laboratories, which helped cushion the fall. In 2012, its performance improved with mid-cap bets such as Orient Paper & Industries, Precot Meridian and Cadila Healthcare.
The fund manager stays well-invested in all market cycles with cash holdings rarely exceeding 10 per cent. A diversified portfolio with the large-cap tilt has helped bring stability and capitalise on opportunities present across market caps.
Investments in sectors such as energy, engineering, financial and healthcare account for over 60 per cent of the assets and have enabled this fund to do well. In years when the markets are in a bear phase, the fund manages to curtail the fall with its aggressive bets in healthcare sector. However, investors should be cautious of the high turnover ratio of this fund.
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
|
| Change in PPF Interest Rate and its impact on your savings Posted: 29 Apr 2013 08:53 PM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Change in PPF rate and its impact on your savings
THE new rates for various small savings instruments have been revised from the start of the financial year 2013-14 and in this light, it is now necessary for individuals to go and review the overall situation. This is important from the point of view of making a decision about investments that they need to make in the current financial year. One such instrument is the public provident fund (PPF) and here too, the rate has been reduced slightly just like other instruments. Here is a close look at how this stacks up with respect to the other available options and how individuals should consider this in their investment portfolio. Overall change: PPF is a 15-year investment option that is suitable for long-term investing because of the length of time that it is in operation. After the initial completion of the 15-year period, the investment can be increased in blocks of five years without any restriction on the number of hikes. The rate of interest in 2012-13 on the instrument was 8.8 per cent, which has been reduced to 8.7 per cent with effect from April. The benefit of this instrument is that the returns are tax-free and are compounded, which builds up over a period of time. The other point is that the entire investment will witness the changed interest rate when they are applicable and not just the additional amount invested. Position: The first thing to understand with respect to the change in the interest rates is that the actual quantum of the change is marginal, and not very high. There is a reduction of just 0.1 per cent in the rate to 8.7 per cent, so in this sense, this is not very significant though it definitely makes an impact over a longer term on a compounded basis. Now the next part is to actually look at the other options that are available in the market and then see whether this is better than the rates available elsewhere. A look at the other options in the market shows that even the tax-free bonds, which can be called direct competitors because of the nature of the returns, did not offer more than 7.75 per cent return for small investors, which clearly puts the PPF ahead. The other aspect is that other options like bank fixed deposits or bonds might have a higher rate, but this is taxable so the net impact in terms of after tax rate when compared will actually turn out to be lower. It is important to compare similar rates for all these instruments so that the right decision can be made. Restrictions: There are also some restrictions that investors will face when they are investing in the PPF and this has to be known. There is a restriction on the total amount that can be invested in the PPF at Rs 1,00,000 per year. Even if an investor wants to invest more, he/she cannot do so because this is the limit that is present for the investment itself. There is a tax benefit that is available for investing in to the instrument, so this is an added benefit that the investor will be able to get. They can complete their investment requirement as well as the tax requirements at one go, which will be helpful for them. The long-term nature of the instrument should also ensure that they are able to plan for their retirement in an effective manner. Once these points are considered then the investment decision becomes far easier and this should guide the investors in their efforts.
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
|
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