Prajna Capital |
- JP Morgan JF ASEAN Equity Offshore Fund
- HDFC Children’s Gift Fund – Investment Plan
- Canara Robeco Balance Fund
| JP Morgan JF ASEAN Equity Offshore Fund Posted: 21 Jul 2013 03:56 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
JF ASEAN Equity Offshore Fund
Southeast Asian markets (ASEAN) seem to be the new destination for investors hungry for returns; so tells the performance of these markets in the last few years. The MSCI South East Asia Index delivered annualized returns of 13.1 per cent and 5.3 per cent in the last three and five years respectively. In comparison the BSE Sensex managed more mediocre numbers of 6.2 per cent and 1.8 per cent (would be slightly lower in dollar terms). In 2012 too, this index beat Indian markets. The fund
About ASEAN markets
How different are these markets from the China-India story? No doubt, ASEAN like its Indian and Chinese economies is a story of the rising middle class and higher investment spending. But these markets have in recent years differed from their big sisters on two accounts: one they have become more defensive in volatile times and have become more domestic-oriented. While not every member country may exude these characteristics, a good number do. Take the case of exports. According to reports, export shipments of ASEAN countries to the US and European Union was less than a fifth of total exports in 2011 from as high as 72.4 per cent in 2000. The ASEAN nations themselves now account for over a fourth of exports. This has to some extent shielded these economies from the debt crisis of the developed Western regions. In contrast, China for instance has close to 40 per cent of its export revenue from The European Union and US. Two, although these nations too, face the economic predicaments faced by India, they appear to be less worrying. For instance, Indonesia's inflation, current account deficit and fiscal deficit are much lower than in India. While in Thailand, government spending has been muted thus far, private spending crossed the pre-Asian financial crisis levels. Contrast this to the almost lull in private spending by corporate in India in recent years. In other places like Philippines, services sector driven by BPO is on a sharp growth path.
ASEAN focus
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| HDFC Children’s Gift Fund – Investment Plan Posted: 21 Jul 2013 12:34 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
HDFC Children Gift Investment Plan
If you are looking to build wealth for your child's future, HDFC Children's Gift fund – Investment Plan is a good option. With a sound track record, this equity-oriented balanced fund has outperformed the average returns of pure equity funds over three and five-year periods. The fund can hold about a fourth of its assets in debt. It has used this mandate to effectively contain declines better than pure equity funds.
HDFC Children's Gift delivered 17 per cent compounded annually in the last three years, beating peer funds from the same stable – HDFC Prudence and HDFC Balanced.
Suitability
Within the investment plan there are two options: one, you can hold the fund and withdraw anytime, subject to exit load. Another option locks the investment for up to three years or when the minor turns 18, whichever is later. If you go for the latter, ensure that you stop SIPs at least three years before your goal date as each SIP will be subject to lock-in.
Opt for investments through the SIP route. Over the last five years, an SIP in the fund would have delivered a good 17 per cent internal rate of return.
Performance
In the last one year too, it could not beat its index only because the index has a 40 per cent weight to debt (as against 20 per cent by the fund now). Debt as a category has done well in the current high interest scenario.
Stocks from the pharma, banking and FMCG sectors account for over a third of the assets while the rest are in sectors including software, industrial products and auto ancillaries.
Most of the fund's holdings in debt are in triple-A rated instruments issued by private players such as HDFC and ICICI Bank and public sector companies such as Indian Railways Finance Corporation and Power Finance Corporation.
Chirag Setalvad and Rakesh Vyas manage the 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
|
| Posted: 20 Jul 2013 10:19 PM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Are you a conservative investor or a new investor looking to participate in equities, while wanting to limit its downside risks? Then Canara Robeco Balance may be a good fund to start with for you.
Suitability
If you are merely diversifying your all-equity portfolio with a balanced fund, and if you can take some volatility, then you should prefer funds such as HDFC Prudence or Tata Balanced over this fund.
If you are investing now, you can consider either a lump sum investment or SIPs in the fund. While we do not normally advocate a lump sum approach, the current market conditions, together with the fact that the fund's NAV does not swing wildly means that a lump sum may not do much harm, if you have a very long-term investment approach (5-10 years). You can also top up a lump sum amount with small SIPs.
Performance
Canara Robeco Balance falls short of performance when compared with the two balanced funds from HDFC, on a risk-adjusted return basis over the last five years. But it is almost at par with Tata Balanced, the latter having relatively higher exposure to mid-cap stocks than Canara Robeco Balance.
That said, the fund is by far the most consistent performer in the balanced fund category. It beat its benchmark 97 per cent of the times on a one-year rolling return basis over the last three years. While ICICI Pru Balanced managed as much, HDFC Balanced and Tata Balanced score only 89-90 per cent on this parameter. This simply suggests that while the other funds may outperform the benchmark by a good mile, they may not be as consistent as Canara Robeco Balance in beating the benchmark.
The fund also comfortably beat the large-cap equity fund average of 3 per cent and 5 percent in the last three and five years respectively, thanks to a better performing debt market.
Portfolio
Two, it mostly restricts its equity exposure to a little under 70 per cent, even as most others easily touch 75 per cent. These two reasons will therefore limit the upside for this fund in a steady rallying market. This is why this fund may not suit high-return seekers.
Canara Robeco Balance holds a highly diversified equity portfolio with as many as 60 stocks. Barring a couple of stocks, individual exposure to the rest is less than 3 per cent each. Close to two-thirds of the equity holdings are in large-cap stocks, with a market-cap of over Rs 10,000 crore.
But the fund has interesting mid and small-cap picks such as Prestige Estate Projects, Sadbhav Engineering, Kajaria Ceramics and VA Tech Wabag. Evidently, the fund likes to take exposure, albeit limited, in unpopular sectors such as real estate, construction and engineering. But individual exposure to these stocks remains low.
In the course of the last one year, the fund upped its exposure to banking even as it shed FMCG stocks and increased its holding in IT. With a weak rupee and IT giants, such as Infosys, making a slow comeback in the last earnings season, the fund's decision to shuffle holdings may have been well timed.
The fund's debt portfolio is reasonably liquid, what with 15 per cent of its total assets in money market instruments. Another 15 per cent is held in public sector and private company bonds.
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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