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Saturday, March 28, 2015

Prajna Capital

ICICI Prudential Elite Life
Mirae Asset Emerging Bluechip Fund - Invest Online
LIC Jeevan Lakshaya

Posted: 27 Mar 2015 09:57 PM PDT

ICICI Prudential Elite is a unit linked plan which is similar to its peers and is an expensive option to make market linked investments. You have just paid three installments in this plan which is only around R15,000 as premium for this policy. So, it is better to stop paying the premiums and invest in good mutual funds instead.

It would be best not to go by online comments or feedback alone while making your investment decisions. However, we don't recommend ULIPs as a rule because it is not advisable to mix up insurance and investment. Term insurance is the best way to get a life cover and mutual funds are best suited to meet investments needs. Even low cost ULIPs do deduct mortality charges before investing your premium.

Costs apart, mutual fund score over ULIPs on other factors too. ULIPs have a 5 year lock in period and lack the liquidity of open end mutual funds. Though they are market linked plans and if the plan doesn't perform you should be able to switch to a better fund but they lack the transparency of open end funds, on NAVs, portfolios and fund manager strategies

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 -

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

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Mirae Asset Emerging Bluechip Fund - Invest Online

Posted: 27 Mar 2015 11:00 AM PDT

To generate income and capital appreciation from a diversified portfolio predominantly investing in Indian equities and equity related securities of companies which are not part of the top 100 stocks by market capitalization and have market capitalization of atleast Rs.100 Crores at the time of investment.

A relatively new entrant, the fund has been attracting a lot of attention due to its outstanding performance in the last few years. Its phenomenal performance is reflected in our rating too.

Launched in the sideways market in 2010, it has since managed to beat its benchmark as well as peers consistently. Its resilience was also visible during the unfavourable market conditions of 2011, when it managed to arrest its fall much better than the benchmark. The fund did better than its benchmark by 15 per cent during this period. Continuing its stellar performance record, the fund delivered returns that were almost twice the benchmark returns in the last three years. Its performance in the last year is also better than its category average. It offered 84.6 per cent last year, compared with the category average return of 75 per cent.

The fund can invest across market capitalisations as per its original mandate. However, it likes to have a higher allocation to mid-cap stocks. Its average holding in mid-cap stocks is around 60.7 per cent. Currently, the fund is quite underweight on the automobile sector and significantly overweight on chemicals vis-Ã -vis the benchmark.

Investors could take a closer look at this all rounder, which has managed to perform in both the rising as well as falling markets. However, they should also remember that it is a relatively new entrant.