Prajna Capital |
- UTI EQUITY FUND - Buy Online
- Systematic Withdrawal Plans from Debt Funds
- Health assurance plan to cover diagnostic services
| Posted: 11 Sep 2014 05:06 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 UTI EQUITY FUND Launched in 1992, UTI Equity Fund is one of the oldest funds in the mutual fund sector. It is classified in the large cap- oriented equity category of the CRISIL Mutual Fund Ranking for the quarter ended June and is ranked CRISIL Fund Rank 1. It has been ranked in the top 30 percentile ( either Fund rank 1 or 2) of the peer group for the past 15 quarters. Managed by Anoop Bhaskar, the fund reported average assets under management (AUM) of ₹ 2,904 crore for the quarter ended June.
Investment philosophy UTI Equity Fund aims to generate capital appreciation by investing in a diversified portfolio across market capitalisation, with large- caps comprising about 65 per cent of the portfolio. Over the past three years ended June, the fund was close to fully invested with an average 95 per cent exposure to equity and the remaining in cash equivalents. During this period, the fund had bias towards large- cap stocks with an average exposure of 87 per cent in CRISIL defined largecap stocks ( top 100 stocks based on a nine- month daily average market capitalisation on the National Stock Exchange), with the rest in small and mid- cap stocks. The fund has outperformed its benchmark ( S& P BSE 100) across all timeframes, including by way of systematic investment plans of ₹ 1,000 a month. Barring marginal underperformance during 15- year period versus the large- cap category by CRISIL Mutual Fund Ranking, the fund has been an outperformer. Further, lower volatility ( measured by standard deviation) of 17.19 per cent compared with the benchmark ( 20.55 per cent) and category ( 18.85 per cent) over a three- year period ended August 1 showcases the funds risk adjusted performance. During the sub- prime crisis (January 2008- March 2009), UTI Equity Fund fell 38 per cent versus S& P BSE 100 s 47.9 per cent fall. When the markets recovered, from April 2009 to December 2010, the fund gained 57.4 per cent against S& P BSE 100 s 55 per cent. In terms of year to date, the fund gained 26.3 per cent compared with S& P BSE 100 s 21.5 per cent. Portfolio strategy Over the past three years ended June, banks have been the most favoured sector in this funds portfolio, contributing 20 per cent to the total, followed by software and consumer non- durables contributing 12 per cent and 10 per cent, respectively. The funds overweight stance on pharmaceuticals, consumer non- durables and cement sectors contributed. At a stock level, the fund had a diversified portfolio, with an average of 71 holdings compared with the category 43. The top 10 stocks accounted for 41 per cent against 49 per cent of the category. Over a three- year period ended June, 55 per cent of the holdings outperformed the benchmark, S& P BSE 100. Exposure to consistent holdings over the same period such as Sun Pharmaceuticals, TCS, Shree Cement, ITC and Eicher Motors helped the fund generate higher returns. 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 |
| Systematic Withdrawal Plans from Debt Funds Posted: 11 Sep 2014 04:11 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 Systematic Withdrawal Plans from debt funds
For those seeking to reduce their tax liability on redemption from debt mutual funds, we recommend systematic withdrawal plans (SWPs).
He says after Budget 2014- 15 announced a flat 20 per cent tax on long- term capital gains from non- equity funds, many planned to invest in fixed deposits. Instead, investing in bond funds or short- term funds and using SWPs can be helpful and tax- friendly. Fixed maturity plans (FMPs) are unattractive by comparison, as these have a lock- in, which will only rise with the new tax regime. Bonds and short term funds provide FMP- like returns, along with the flexibility of partial and intermittent withdrawal. SWPs are useful for those who do not need the entire money at a go. If the investor needs a smaller amount in fixed intervals, SWP lets one withdraw a specific amount and pay tax only on the earnings or the gains portion of the withdrawn amount. If you invest ₹ 50 lakh in fixed deposit, you will earn 10 per cent a year. After a year, you will earn ₹ 5 lakh of interest income. If you redeem from the deposit, the entire interest income will be taxable at the slab rate. In the highest tax bracket, you will pay tax of ₹ 1.5 lakh. By comparison, if you invest ₹ 50 lakh in a short- term fund, earn 10 per cent and use the SWP route and withdraw ₹ 5 lakh every year, you will not have to pay tax on the entire ₹ 5 lakh. The tax will be applicable only on the capital gains part of the redeemed amount. Say you buy each unit for Re 1 ( 50,00,000 units) and plan to withdraw systematically at the end of each year. A year later, if the price of each unit is ₹ 1.1 and you sell 455,000 units ( you redeem about ₹ 5 lakh), the short- term capital gains will be only ₹ 45,500 and this will be taxed at the slab rate. In the highest tax bracket, the tax will amount to ₹ 13,650. After three years, the long- term capital gains tax will be 20 per cent post indexation, according to the new rules. However, after taking indexation into consideration, the long- term gains will be close to nil, as the cost- inflation index is rising at about 10 ten per cent and returns on debt funds are eight- nine per cent. So, the indexed cost of a unit worth Re 1 should become ₹ 1.3 after three years. The actual price of the units after three years will be ₹ 1.24, a small loss. Sometimes, the index value and returns are close and long- term capital gains could be zero. 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 |
| Health assurance plan to cover diagnostic services Posted: 11 Sep 2014 03:11 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 Health assurance plan to cover diagnostic services
The health ministry's ambitious proposal for the National Health Assurance Scheme, which aims to provide insurance cover for all, would also include diagnostic services. The ministry intends to partner with the private sector to outsource some of the services concerned and also make these affordable. The insurance scheme, which has been on the government's priority list from the beginning, might be launched by the end of this year, Lov Verma, secretary, ministry of health and family welfare, said. " We are hopeful of launching the National Health Assurance Scheme this year itself. The scheme will also have a basket of diagnostic services and we intend to partner with the private sector for it," Verma said. While the ministry had started talks with companies to outsource services, the move was expected to benefit the medical devices' industry, which has been facing issues that hinder its growth in the domestic and overseas markets. Industry experts said the industry's growth was restricted mainly because of a lack of government incentives and misclassification of devices as drugs, leading to operational challenges and delays. According to the latest report by the Confederation of Indian Industry and the Boston Consulting Group, the medical device industry, pegged at $ 6.3 billion, has the potential to touch $ 50 billion by 2025. The industry is growing at 7- 8 per cent annually, as compared to pharmaceuticals' 18 per cent. The government's initiative to include diagnostic services in the proposed scheme is expected to give a significant push to the medical devices' industry, which produces stents, blood collection systems, infusion therapy devices, central venous access catheters, blood collection tubes and other surgical products, among others. The health ministry has been working actively to finalise the health scheme. Minister for Health and Family Welfare Harsh Vardhan had mentioned about the scheme during his recent visit to the US. Even while taking charge as minister, he had said the ministry will work to develop on priority a national health insurance policy covering all citizens. 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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