Prajna Capital

List of All ELSS Mutual Funds in India
Mirae Asset Ultra Short Term Bond Fund dividend
What are the different types of mutual fund schemes?

List of All ELSS Mutual Funds in India

Posted: 07 Jan 2015 06:01 AM PST

List of All ELSS Mutual Funds in India

Axis Tax Saver Fund

Bharti AXA Tax Advantage Fund

Birla Sun Life Tax Plan

Birla Sun Life Tax Relief '96

BNP Paribas Tax Advantage Plan

Canara Robeco Equity Tax Saver

DWS Tax Saving Fund

DSP BlackRock Tax Saver Fund

Edelweiss ELSS Fund

Fidelity Tax Advantage Fund

Franklin India TaxShield

HDFC Long Term Advantage Fund

HDFC TaxSaver

HSBC Tax Saver Equity Fund

ICICI Prudential Tax Plan

IDFC Tax Advantage (ELSS) Fund

ING Tax Savings Fund

JM Tax Gain Fund

JPMorgan India Tax Advantage Fund

L&T Tax Saver Fund

LIC NOMURA MF Tax Plan

Principal Personal Tax Saver Fund

Principal Tax Savings Fund

Reliance Tax Saver (ELSS) Fund

Religare Tax Plan

Sahara Tax Gain Fund

Magnum Tax Gain Scheme 1993

Sundaram Tax Saver

Tata Tax Saving Fund

Taurus Tax Shield

Union KBC Taxsaver

UTI Equity Tax Savings Plan

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Mirae Asset Ultra Short Term Bond Fund dividend

Posted: 07 Jan 2015 04:01 AM PST

Mirae Asset Mutual Fund declares dividend under Mirae Asset Ultra Short Term Bond Fund (an open ended debt scheme) and Mirae Asset Short Term Bond Fund (an open ended debt scheme). The details of dividend are as follows:

Scheme/Plan	Quantum of Dividend (per unit)$	*NAV of Dividend option as on January 01, 2015 (per unit)**	Record Date	Face Value (per unit)
Mirae Asset Ultra Short Term Bond Fund - Institutional Plan - Quarterly Dividend Option	Rs. 19.19	Rs. 1039.1355	Thursday, January 8, 2015*	Rs.1000.00
Mirae Asset Ultra Short Term Bond Fund - Direct Plan - Quarterly Dividend Option	Rs. 21.72	Rs. 1061.8969	Thursday, January 8, 2015*	Rs.1000.00
Mirae Asset Short Term Bond Fund - Regular Plan - Quarterly Dividend Option	Rs. 0.24	Rs. 12.5333	Thursday, January 8, 2015*	Rs.10.00

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1. ICICI Prudential Tax Plan

2. Reliance Tax Saver (ELSS) Fund

3. HDFC TaxSaver

4. DSP BlackRock Tax Saver Fund

5. Religare Tax Plan

6. Franklin India TaxShield

7. Canara Robeco Equity Tax Saver

8. IDFC Tax Advantage (ELSS) Fund

9. Axis Tax Saver Fund

10. BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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

Leave your comment with mail ID and we will answer them

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

What are the different types of mutual fund schemes?

Posted: 07 Jan 2015 03:13 AM PST

Mutual Fund schemes can be broadly classified based on their maturity periods and their investment objectives.

1. By structure
Open-ended Funds
An Open-ended Fund is one that is available for subscription all through the year. These do not have a fixed maturity. Investors can conveniently buy and sell units at Net Asset Value (NAV) related prices.

Close-ended Funds
A Close-ended Fund has a stipulated maturity period, which generally ranges from 3 to 15 years. The fund is open for subscription only during a specified period. Investors can invest in the scheme at the time of the new fund offer and thereafter they can buy or sell the units of the scheme on the Stock Exchanges, if they are listed. The market price at the stock exchange could vary from the scheme's NAV on account of demand and supply situation, unit holders' expectations and other market factors.

2. By investment objective
Growth Funds
The aim of Growth Funds is to provide capital appreciation over the medium to long term. Such schemes normally invest a majority of their corpus in equities. Growth schemes are ideal for investors who have a long-term outlook and are seeking growth over a period of time.

Income Funds
The aim of Income Funds is to provide regular and steady income to investors. Such schemes generally invest in fixed income securities such as bonds, corporate debentures and Government securities.
Income Funds are ideal for capital stability and regular income. Capital appreciation in such funds may be limited, though risks are typically lower than that in a growth fund.

Balanced Funds
The aim of Balanced Funds is to provide both growth and regular income. Such schemes periodically distribute a part of their earning and invest both in equities and fixed income securities in the proportion indicated in their offer documents. This proportion affects the risks and the returns associated with the balanced fund - in case equities are allocated a higher proportion, investors would be exposed to risks similar to that of the equity market.
Balanced funds with equal allocation to equities and fixed income securities are ideal for investors looking for a combination of income and moderate growth.

Money market Funds
The aim of Money Market Funds is to provide easy liquidity, preservation of capital and moderate income. These schemes generally invest in safer short-term instruments such as Treasury Bills, Certificates of Deposit, Commercial Paper and Inter-Bank Call Money. Returns on these schemes may fluctuate depending upon the interest rates prevailing in the market.
These are ideal for corporate and individual investors as a means to park their surplus funds for short periods.

3. Other equity related schemes
Tax saving schemes
These schemes offer tax rebates to the investors under specific provisions of the Indian Income Tax laws, as the Government offers tax incentives for investment in specified avenues.
Investments made in Equity Linked Savings Schemes (ELSS) and Pension Schemes are allowed as deduction under Section 88 of the Indian Income Tax Act, 1961.

Index schemes
Index Funds attempt to replicate the performance of a particular index such as the BSE Sensex or the NSE S&P CNX 50.

Sectoral schemes
Sectoral Funds are those which invest exclusively in specified sector(s) such as FMCG, Information Technology, Pharmaceuticals, etc. These schemes carry higher risk as compared to general equity schemes as the portfolio is less diversified, ie restricted to specific sector(s) / industry (ies).