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- Franklin India Smaller Companies Fund - Invest Online
- HDFC Mid-Cap Opportunities Fund - Invest Online
- How to open a Capital Gains Account?
| Franklin India Smaller Companies Fund - Invest Online Posted: 27 Jul 2014 07:16 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Franklin India Smaller Companies Fund
While the universe of small-cap stocks in India is vast, there are very few equity funds which take on the task of sifting through this space for good long-term bets. Franklin India Smaller Companies Fund has managed this with aplomb. What we like about this fund is its significant out-performance of its category and benchmark over the last four years, and its ability to moderate portfolio risk despite investing in the riskiest segment of the equity market.
This fund's stock selection strategy, like that of Franklin India Prima Fund is focused on finding companies that generate positive cash flows across business cycles. High return on investment and manageable leverage are also filtering criteria. Says R. Janakiraman, fund manager; "We like businesses with the possibility of good growth for next one or two decades, very good cost control, willingness to pay out to minority shareholders and less capital intensity in the business."
This fund differs substantially from the larger Prima Fund mainly in its market cap orientation. Where Prima is a large and mid-cap fund, this fund relies to a minimal extent on large-cap stocks (2-9 per cent of the portfolio in the last two years), and invests sizeable portions in small-caps (35 to 55 per cent allocation). Mid-cap exposures are lower than in the case of Prima Fund. This makes the fund a true-to-label smaller stock fund, also reinforced by the average market cap of R3,829 crore for its latest portfolio.
After a torrid time as a closed end fund in the initial two years after its debut in 2006, the fund's performance picked up quite sharply since 2010-11, when it turned open-ended. In 2012-14, it has moved into the top quartile. It has also participated quite actively in the recent market rally with one year returns of 57 per cent, far ahead of both the benchmark and category.
The fund's distinct small-cap bias seems to have worked in its favour as small-caps have moved much more swiftly than mid-caps in the last six months. For investors looking for a quality portfolio of small to mid-cap stocks, this fund is a good bet.
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
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 |
| HDFC Mid-Cap Opportunities Fund - Invest Online Posted: 27 Jul 2014 02:38 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 Mid-Cap Opportunities Fund
The biggest fund with assets of R3160 crore in the mid-cap category, has managed not to lose its plot despite its size. Its one-year return of 50.2 per cent places it ahead of many smaller (and more manoeuvrable) peers. What we like about this fund is its rock-solid position at the top half of its category since launch.
HDFC Mid-cap Opportunities has studiously avoided the temptation to drift and has actually stayed underweight in large-caps relative to its category with a 12-16 per cent exposure to blue-chips against the category's 15-20 per cent weights. It has also stayed cautious on the volatile small-caps. It is the fund's stock selection in the mid-cap category where it has parked 50-64 per cent of its portfolio in the last two years, which has paid off well.
This fund is growth oriented, and in HDFC Mutual Fund's trademark style, focuses on identifying companies that can grow at higher-than-industry rates. Size, however, has forced this fund to own a rather large number of stocks (64 at last count) with small weights in each. The latter probably helps control liquidity risks. Says Chirag Setalvad, fund manager: "Ideally, we want to buy good quality mid cap stocks that are available at a reasonable price and are run by competent management. The aim is to build a portfolio of companies that are growing at an above-average growth rate (15-20 per cent) with good cash flows and ROEs."
Consistency of returns and ability to navigate choppy markets well are this fund's USPs. These qualities were displayed to best effect in 2011, when the index fell by 31 per cent but this fund contained losses to 18.3 per cent and in 2013, when the fund rose by 9.6 per cent while its benchmark was in the red. Although the fund has just stayed ahead of its benchmark in the past six months, in the long run, the fund's good risk containment and participation in rallies has added up to a sizeable excess return. In the last five years, the fund has outpaced its benchmark by an impressive 10.7 per cent annually.
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
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 |
| How to open a Capital Gains Account? Posted: 26 Jul 2014 10:58 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
How to open a Capital Gains Account?
You can open a capital gains account in an authorized bank. The Government has notified 28 banks which can open the Capital Gains Account on behalf of the Government. You have to apply for opening the account by filling out the required application form (Form A) and submit proof of address, PAN card and photograph. You cannot withdraw funds from a capital gains account using a cheque book or ATM, like you do in your normal savings bank account. There are procedures to be followed to withdraw funds from the capital gains account.
Investment in Specified Bonds
Section 54EC of Income Act provide that if the seller invests whole or part of capital gains arising from the sale of asset in specified Capital Gains, within a period of six months of the sale, the proportionate capital gains so invested in the long-term specified asset, out of the whole of the capital gain, shall not be charged to tax. The proviso to the said sub-section provides that the investment made in the long-term specified asset during any financial year shall not exceed Rs 50 lacs. There was an ambiguity in the language of the specific provision in Section 54C. As a result, if you made a profit of Rs 1 crore on the sale of your house transferred in December, you could invest Rs 50 lacs in March of that financial year and further Rs 50 lacs in April of the next financial year. However the 2014 Budget presented in the Parliament a few days back has clearly specified that, the maximum deduction which can be availed is Rs 50 lacs in one financial year in which the sale was made and separate deduction cannot be claimed in the subsequent financial year. Therefore the maximum tax benefit you can get under the provisions of the new Budget is Rs 50 lacs.
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
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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