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- Canara Robeco Balance Fund - Invest Online
- HDFC Balanced Fund - Invest Online
- Sundaram Taxsaver Fund dividend
| Canara Robeco Balance Fund - Invest Online Posted: 05 May 2014 05:04 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Canara Robeco Balance Fund
Investment Objective
The scheme seeks to build a balanced portfolio, which would provide a combination of high annual return and capital appreciation. The scheme was made open-ended from March 2000.
Fund Managers - Avnish Jain since Oct 2013
Analysis
Canara Robeco Balance is the oldest balanced fund that's still around. While it's older history may not be of much relevance to current investors, the period since 2001 has seen it make its mark as a quintessential fund of this category. It registers substantial gains when the equity markets are doing well, and limits losses when the markets fall. It's recovery after the global financial crisis of 2008-09 is the perfect example. Compared to the high it reached before the fall, it's up by about 32 per cent now.
In keeping with its steady performance, it has underperformed the category average only for two calendar years in the last ten. Technically, it underperformed the category in 2012 too, but that was by 26.4 per cent to 26.7 per cent. In the comparison with the benchmark, this fund comes off even better. Except for a lag of 2.3 per cent in 2013, it hasn't been beaten by the index at all.
To be sure, in many of these years it has beaten the benchmark by only a small margin, but that is characteristic of a conservative fund. Unlike a peer which will have a big lead in six years and a lag in four, this fund will take a slow and steady approach. Surely, there are many investors who prefer the tortoise to the hare.
This fund is essentially a large cap fund, with the mid-cap exposure staying within the 20 to 30 per cent range, and a greater affinity for the lower end than the upper one. As far as sectors go, the distribution has stayed close to that of the benchmark. During the last few months, major deviations have been positive ones for communications and FMCG, and negative ones for engineering and metals.
According to the fund manager, the debt-equity ratio is rebalanced not by the calendar but depending on a number of macro and micro-level variables. In terms of actual portfolio choices, a combination of top-down and bottom up strategy is followed.
All things considered, here's a conservatively run fund that will deliver mild positive surprises and almost no negative ones.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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| HDFC Balanced Fund - Invest Online Posted: 05 May 2014 04:29 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
HDFC Balanced Fund
Investment Objective
The scheme seeks to generate capital appreciation with current income from a combined portfolio of equity and debt instruments. Under normal circumstances the scheme would take 60 % exposure to equity instruments while the balance would be allocated to debt instruments.
Fund Managers - Chirag Setalvad since Apr 2007
Analysis
If you compare data about HDFC Balanced to the other funds in our selection here, you'll immediately realise that this one is cast in a very different mould. The basic idea behind equity-centric balanced funds is that they limit volatility by keeping part of their assets in fixed income and regularly rebalancing the portfolio. HDFC Balanced does this, with an aggressive equity part.
Unlike the 20 to 30 per cent mid-cap exposure of others', this fund flies close to the sun with at least 40 per cent that may shoot up to 50 per cent. In fact, currently, the total exposure for mid-caps and the even riskier small-cap stocks is about 68 per cent.
This emphasis on smaller companies makes for a track record that's just as good as the others in aggregate and is yet very different in its details. Over the last ten years, this fund has underperformed the category for as many as five years, and yet has ended up ranked 6 out of 23 over ten years and 2 out of 28 over the last five years.
The fund keeps the equity within a fairly narrow range. According to the fund manager, the equity exposure is maintained at about 70-72% and rebalancing is ongoing, instead of being at some fixed interval. Given the emphasis on smaller companies, the stock-selection strategy is obviously bottom-up.
However, the question is, should balanced fund investors go for this rollercoaster fund? In our opinion, while HDFC Balanced cannot be the sole choice of balanced fund, it has considerable value for a strategy that records sharp gains and then protects them by regular rebalancing into its fixed income part. Its track record speaks for itself. Here's an example, when the markets crashed in the 2008 crisis, the fund declined by 44 per cent from its peak but is now up 68 per cent above that peak. On both counts, it has done better than many good equity and balanced funds.
Volatility means that more than any other balanced fund, investors must use the SIP route for cost averaging and have a genuine long-term horizon.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
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 Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
2.Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
| Sundaram Taxsaver Fund dividend Posted: 05 May 2014 01:47 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Sundaram Taxsaver Fund
Sundaram Mutual Fund has announced dividend under the dividend option of Sundaram Taxsaver-D and Sundaram Taxsaver Direct-D.
The quantum of dividend shall be Rs 0.5 per unit. The record date has been fixed as May 09, 2014.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
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 Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
2.Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
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