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| Equity Oriented Hybrid Mutual Funds – Balanced Mutual Funds Posted: 18 May 2013 09:12 PM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Equity oriented Hybrid funds – Balanced fundsAs explained above the asset allocation in balanced funds comes up as 65-100% in equity and 0-35% in debt. The major advantage of these funds is that these are less volatile as compared to pure equity funds but enjoys the same tax treatment as of equity funds. Long term capital gain tax in balanced fund is NIL and short term capital gain tax is 15% of the gain. These funds are best suited for a single goal and when investor wants equity like returns but with less risk. But do keep in mind that in balanced funds fund manager has option to increase the equity allocation to maximum of 100% so in those cases you may see increase in volatility of returns. Best balanced funds as per last 5 years performance are as below:
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
|
| Gold investment schemes face selling pressure Posted: 18 May 2013 08:10 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
The steep decline in gold's price has hit a wide spectrum of investors with gold- linked accumulating schemes.
Investors have been seen rushing to sell their gold holdings and subscribers to jewellers' gold accumulating schemes have started reducing their monthly commitments.
Several big jewellers and jewellery companies had launched these schemes over recent years. Investors had to put in a small amount every month and on expiry, would get certain monthly instalments back as a bonus; in return, one could buy from that jeweller.
This was a good attraction when gold prices were rising. However, now that investors have seen a steep fall in gold prices and it is no more looking as a safe asset, there appears a rush to discontinue the instalments.
Jewellers are putting a brave face.
"It is a temporary phenomenon," said Mehul Choksi, chairman and managing director of Gitanjali Group, one of India's largest jewellery manufacturers and retailers. It had recently launched a ' Swarna Mangal' gold price protection scheme, with star actor Salman Khan as brand ambassador.
"It is too early to assess the impact of the gold price fall on investment schemes, as consumers bet for the long term by subscribing to such plans. Also, hardly any consumers under such schemes are wary of a fall in gold price. We have not noticed any collapse in subscription," said Sandeep Kulhalli, vice- president, retail & marketing, Tanishq.
"Such schemes work only at the time prices move upwards. They cannot work in a condition where the gold price falls steeply in a couple of days," said Rahul Rege, head, retail business, at Emkay Global. To run such schemes and offer a bonus to customers, jewellers need to take larger exposure. However, when gold prices fall, they are squeezed from both sides, he says. On the one hand, their exposure value will erode in proportion to the price fall; the committed bonus outgo will be another pain they need to bear.
The price of gold declined by a steep 11.9 per cent in the past week, from ₹ 29,390 per 10g to ₹ 25,900 per 10g today. Today, standard gold fell 2.5 per cent, from ₹ 26,550 per 10g at Zaveri Bazaar here. In London, the price has declined 16 per cent since the beginning of this year and 33 per cent from the peak of $ 1,920 an oz to trade currently at $ 1,388 an oz. UBS, the global advisory firm, has a further decline to $ 1,250 an oz.
"Indian consumers' aspiration towards gold continues unabated. The price decline is, in fact, helping consumers to buy during the ongoing wedding season and prices will recover in the near future," said Choksi.
Meanwhile, the bullish sentiment has turned suddenly bearish in e- series contracts. The National Spot Exchange of India runs e- series contracts under which investors can buy exchange- traded gold in demateralised form; this contract would generate good volume. Till last week, in this contract there used to be four buyers against three sellers, with 50- 100 kg of delivery to buyers.
Now, " sellers are looking for an exit opportunity. Consequently, the ratio of buyers and sellers has turned 1: 4 ( one buyer and four sellers) with 550 kg of gold being delivered in the last three days alone," said Anjani Sinha, managing director of NSEL. Investors feel gold prices will fall further and, hence, seem to be looking for exit opportunities. Steep price decline scares investors, especially in accumulation plans; 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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