Prajna Capital

IDFC Tax Advantage (ELSS) Fund
Using SIPs
SBI Mutual Fund revises exit load

Posted: 25 Feb 2015 04:01 AM PST

The scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.

A slow starter, this fund has become a steady performer generating five-year annualised returns of 16 per cent, ahead of its benchmark by 6.1 per cent points. It has given a return of 43.5 per cent in the last year, beating its benchmark by 5.8 per cent points. A slow starter, it has since proved its credential as a dependable player with a steady returns of 15 per cent. It outperformed both the category and benchmark in 2013.

A small-sized fund, it actively manages its investments in large-, mid- and small-cap stocks. It has actively increased its focus on mid-cap stocks in the last two years and increased the allocation to almost 40 per cent, consistently higher than its category. The strategy may have helped it perform better in the current rally, but it can also backfire when the market enters a lacklustre phase. Probably, this is the reason why the fund has taken a defensive position in sector choices lately.

The investment strategy of the fund is to invest in well-managed companies with growth potential that are available at reasonable value. Companies are selected after a systematic process of forecasting earnings based on their industry growth potential and interaction with the company managements.

Though it may not figure at the top of the ELSS list, it is a good choice for investors looking for consistent returns. The fund has also proved its ability to thrive in sideways market and contain the downside in bad market conditions.

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

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

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Using SIPs

Posted: 25 Feb 2015 03:46 AM PST

Investment professionals and fund industry veterans say that, to inculcate investing discipline, nothing matches systematic investment plans (SIPs) by MFs. For those who are used to putting their money in bank FDs and RDs, SIPs are the equivalent of RDs but in the MF space. The other differentiators are that investments through SIPs in MFs may fetch you a return higher than RDs, and in some cases you can also enjoy tax benefits which are not available in RDs. But on the downside, unlike RDs, here you will not get any guaranteed return.

To start an SIP, you can either get in touch with your adviser, or approach a fund house directly . You will need to have a bank account. Then fill up a form for investing in the fund of your choice. You can opt for electronic clearance facility so that you will not need to write cheques for every investment, which could be every month or quarter.

Another advantage of in vesting through the SIP route is the rupee-cost averaging. As you invest a pre-set amount on a pre-fixed date of every month, you get more units of the fund when the net asset value (NAV) of the fund is low, while you get less of the same when the NAV is high. In this way , you average out the cost of acquisition of the fund units over the long term. You will not enjoy this benefit if you invest a lump sum into the same fund.

Action Plan: Pre-define goals when you start investing

Check your fund performance on a regular basis but definitely not daily or weekly h Be patient, give your investments time to grow

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

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

SBI Mutual Fund revises exit load

Posted: 24 Feb 2015 11:09 PM PST

SBI Mutual Fund has revised the exit load for SBI Magnum InstaCash Fund - Liquid Floater Plan and SBI Treasury Advantage Fund. The effective date will be February 24, 2015.


	Scheme		Revised Exit Load		Existing Exit Load

SBI Magnum InstaCash Fund - Liquid Floater Plan		0.25 per cent for redemption within 40 days		0.50 per cent for redemption within 1 month

SBI Treasury Advantage Fund		0.50 per cent for redemption within 4 months		0.25 per cent for redemption within 2 months