Sunday, February 22, 2015

Prajna Capital

Prajna Capital


ICICI Prudential Mutual Fund dividend

Posted: 22 Feb 2015 12:00 AM PST

 

The ICICI Prudential Mutual Fund house has also announced dividend under the following schemes:

Scheme

Dividend (R/unit)

ICICI Prudential Interval VII Annual Interval C Reg-D

0.6974

ICICI Prudential FMP Series 64 3Y Plan H-DH

0.0362

ICICI Prudential FMP Series 69 1093D Plan F Reg-D

0.0362

 

The record date has been fixed as February 25, 2015.


 
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

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

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Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

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Birla Sun Life Focused Equity Fund – Series 5

Posted: 21 Feb 2015 09:31 PM PST

 

Launch of Birla Sun Life Focused Equity Fund – Series 5. The fund will be a Large cap diversified fund (3 year close ended) which will invest in the Top 100 companies by Market Capitalization. The NFO dates for the fund will be 20-Feb-2015 to 13-Mar-2015.

 

The fund is the fourth part in the RGESS series and has some of the following features:

 

ü  The fund is a Large Cap diversified fund which focuses on creating value by investing in shares of handpicked companies from S&P BSE 100 and CNX 100. The fund can also invest in the PSU Navratna, Maharatna and Miniratna

ü  It will have a close ended structure which allows the fund manager to follow a buy-and-hold strategy and stay invested in certain high-conviction ideas

ü  An additional Tax Benefit for eligible RGESS investors to claim benefits under section (80CCG) of the Income Tax Act, 1961, over and above section 80C

 

Performance Track record

 

Below is the performance for BSL Focused Equity Fund Previous Series w.r.t benchmark.

 

Scheme Name

Launch Date

Time since launch

Since Inception (in%)

Birla Sun Life Focused Equity Fund - Series 1

24-Feb-14

12 Months

56.03

Birla Sun Life Focused Equity Fund - Series 2

26-Mar-14

11 Months

51.3

Birla Sun Life Focused Equity Fund - Series 3

30-Oct-14

4 Months

13.2

Birla Sun Life Focused Equity Fund – Series 4

19-Nov-14

3 Months

9.1

 

 


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

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

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

HDFC MIP Long Term Fund is a Hybrid Fund

Posted: 21 Feb 2015 08:05 PM PST

A hybrid fund's returns depend both on the performance of the stock market and the debt market



This fund is not a pure debt fund. It is categorized as a Hybrid: Debt scheme which invests in a combination of equity as well as debt instruments. The fund typically has about 25 - 30 per cent of its assets in equity and the rest in debt investments.

 

A hybrid fund's returns depend both on the performance of the stock market and the debt market. The equity portion has delivered good returns in the last one year because of the stock market (Nifty) delivering a 43 per cent return. If the equity market falls, the returns for the equity part of the fund can go into negative territory.

 

As to the debt part of the portfolio, its NAV returns originate from two sources- the interest earned by bonds and g-secs held and capital gains or losses due to changes in bond prices in the secondary market. Thus, even the debt portion can at times suffer negative returns. When interest rates rise, bond prices in the market usually fall. This is because once higher yielding bonds become available in the market, there is less demand for older bonds.

 

You should also understand that the returns you have looked at are absolute returns for those periods. That is, they reflect the difference in the NAV between two dates


 
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

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

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

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

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

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