Tuesday, May 28, 2013

Prajna Capital

Prajna Capital


Birla Sun Life Mutual Fund Change in Benchmark

Posted: 28 May 2013 04:28 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Birla Sun Life has announced dividend under its Fixed term Plan - Series EO, subject to available distributable surplus. The record date has been fixed at May 30, 2013.

The fund house has also announced a change in benchmark, for evaluating performance, of following funds:


The revised benchmark will be effective from May 27, 2013.


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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Have a long term asset allocation plan in Investing

Posted: 28 May 2013 03:25 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 


As financial markets mature and become efficient in terms of security pricing, generating alpha by active fund management becomes more and more difficult even for seasoned fund managers over the longer term.


A study spanning around 100 large-cap and mid-cap equity funds shows that in the last one year, only 39% of large-cap and 33% of mid-cap funds were able to outperform the NSE's nifty index.


Most academic and empirical studies have shown that asset allocation determines 90% of an individual's portfolio's performance and alpha generated by allocation to the better performing stocks/bonds/funds within an asset class determines only the remaining 10%.
Given all of the above findings, the recommendation to investors is to first chalk out a long-term strategic asset allocation plan based on one's risk profile and return objectives.
And then make lump sum and/or systematic investments in exchange traded funds (ETFs) — based on individual cash-flows — to achieve the desired allocation to various asset classes in the most cost- and time-efficient manner.


The ETF industry has also evolved rapidly in India with new products allowing investors to take cost-efficient exposure to 10-year Gsecs and US equity indices like Nasdaq over and above existing traditional products like gold and equity ETFs.


A common mistake many investors make is getting swayed by sentiments and over-allocating money to a single asset class at peak price/valuation assuming past returns shall continue to follow in future — most recent example being the case of gold in 2013 and equities in 2007-08 period.


Similarly, Indian investors have often ignored the potential of developed market equities as a source of diversification and a hedge to risk of rupee depreciation in light of high current account deficit.


Many global companies like Google, Starbucks, and Apple have delivered high double-digit earnings growth and stock performance over the last three-five years on the basis of their strong global franchise, high contribution of income from fast growing emerging markets and enviable competitive advantage(s) in the form of technology, brands and scale of operation.


One simple and efficient way for Indian investors to take exposure in such companies is to buy an Indian ETF tracking global indices.


In the last two years, the sensex has given a return of -1.7% per annum, while an Indian ETF tracking a global index has given a compounded return of 21.5% per annum.


Some key advantages of ETFs:


Low expense ratio:
Annual total expense ratio of ~1% vs typical 2-2.5% for equity mutual funds.

Ease of purchase and sale: Can easily be bought/sold like any other stock on the exchange during trading hours without any paperwork, via any online/offline broker.

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Traits that eat into your Savings

Posted: 28 May 2013 12:46 AM PDT

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

1 Lust
"I want..." could be the most
dangerous words for your finances, mostly because we seem to want everything--a world tour, a swanky car, a plush abode. However, extravagance can lead to financial hell. Always remember the first budgeting lesson: separate your expenses into discretionary, necessary and luxury. Indulge in the last one only when you've taken care of the first two.

 

2 Wrath
"I picked a good stock, but ran into bad luck." "I work so hard in the office, but the boss is partial and doesn't give me a raise." If you tend to blame everything and everyone for your dire financial straits rather than yourself, you're letting emotions cloud your judgement. Anger could also lead you to be impatient and make impulsive choices. Learn to evaluate your decisions rationally and, more importantly, figure out a way to remedy the situation. So, invest in your career by re-skilling, or work with a high performer to learn how to do the job right.

 

3 Pride Ok, it's always difficult to admit you're wrong, but doing so will be one of the biggest financial favours you could do. To yourself. So, if a stock you considered a great pick has tanked, swallow your pride and admit that you made a wrong decision. Holding on to your arrogance and an investment that is losing money will only mean that you're losing out on benefits you could have earned had you invested that money somewhere else. Here's one way to keep your ego out of your investment decisions. Set a stop-loss order for all your stocks. If the share price falls below a certain limit, sell it.

 

4 Envy The Jains and the Sharmas have it, which means you want it too. It doesn't matter whether you can afford it or not. Envy could lead you into the big black hole of debt, and escaping it can be rather difficult. It may be tough, but living within your means is the only way to financial independence. A loan is good only if it helps you build an asset that will grow in value. Otherwise, avoid taking one.

5 Greed
'Buy one, get two free!' 'Low interest rate of only 7%!'

Tempting offers, aren't they?

But have you checked the hooks attached to these baits? The greed to make a quick buck often blinds us to the high risks that come with attractive schemes, making us prey to various traps and scams. You should ascertain your financial capability and risk-taking ability before opting for any scheme. Fix a specific target for your investments, and when you achieve it, redeem the investment.

 

6 Sloth
Procrastination can cost you big money. If you're lazy about paying your bills, you could end up with hefty penalties, ranging from 75-100 for a delayed phone bill payment, to 2.5-3.5% a month on the overdue amount of a credit card bill. Worse, if you fail to pay an insurance premium on time, your policy could lapse. To avoid this, start ECS payments and make a financial calendar. Check it every month to ensure that you don't miss out on any goal. Of course, your work doesn't end here. Plan well in advance for your goals and rebalance your asset allocation regularly to achieve them.

 

7 Gluttony
Going obese on anything will just make it difficult for you to stand up again if you fall. So, concentrating on a particular industry, theme or stock is a bad idea. Remember the fate of most infrastructure funds and the fact that they've still not managed to recover? Ensure you have a balanced financial diet by diversifying your investments so that your portfolio remains healthy.

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 )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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