Prajna Capital |
- Franklin India Multi Asset Solution Fund Manager Change
- Canara Robeco Indian Opportunities – Series 2 NFO
- HNIs Invest in Ultra Short Term MFs
| Franklin India Multi Asset Solution Fund Manager Change Posted: 27 Feb 2015 03:31 AM PST Franklin Templeton Mutual Fund has changed the fund manager of Franklin India Multi Asset Solution Fund from Peeyush Mittal to Anand Radhakrishnan with effect from February 27, 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 - 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 Download Mutual Fund Application Forms from all AMCs | ||||||||||||||
| Canara Robeco Indian Opportunities – Series 2 NFO Posted: 27 Feb 2015 01:59 AM PST Canara Robeco Indian Opportunities – Series 2 NFO will be opening for subscription from 02nd Mar 2015 to 16th Mar 2015. The key features of the scheme are as mentioned below:
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 - 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 Download Mutual Fund Application Forms from all AMCs | ||||||||||||||
| HNIs Invest in Ultra Short Term MFs Posted: 26 Feb 2015 11:10 PM PST
Ultra short-term bond schemes by mutual funds are in vogue among savvy investors these days as firming money market rates due to tight liquidity have boosted returns. This category has given an annualised return of 8.4% over the last fortnight, and fund managers expect rates to firm up over the next few days. HNIs looking to optimise returns and avoid volatility around the Budget are using ultra short-term funds. Over the last fortnight, 1-year certificate of deposit (CD) rates have risen 30 basis points to around 8.85%.Wealth managers said rich investors who partly booked profits in equities before the Union Budget this Saturday are parking their money in these ultra short term bond schemes. According to fund managers, money market rates typically peak out in February and March, and then come down in the new financial year as liquidity improves. Corporates and individuals withdraw funds to pay year-end taxes that lower liquidity, leading to a spurt in short-term rates. Given the duration of the fund, investors could earn anywhere between 9-11%, for a timeframe of 45 days to 90 days. As the year ends and the new financial year sets in, liquidity will improve as government spending will set in the new financial year. In addition, demand for credit during first quarter of the financial year is low and deposit growth outpaces credit growth. This helps in easing system liquidity during this period. Ultra short-term funds will generate higher accrual income from elevated money market rates and also generate capital appreciation once money market rates start falling, said fund managers The government is running huge surplus in its account with RBI. The surplus will only shore up further owing to government raising over Rs 250 billion (cash inflow as part payment) through spectrum auctions, stake sales of PSUs and advance tax collections in March. On the other hand the government will curtail spending to keep fiscal deficit in check at 4.1% of GDP given that deficit has already crossed 100% of budget as of December 2014. 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 - 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 Download Mutual Fund Application Forms from all AMCs |
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