Prajna Capital |
| Posted: 20 Apr 2015 05:08 AM PDT SBI Magnum GILT Fund - Invest Online SBI Magnum Gilt Fund - Long Term, launched in December 2000, is classified in the long term gilt category of CRISIL Mutual Fund Ranking. The fund, which has been managed by Dinesh Ahuja since January 2011, has been ranked in the top 30 percentile (CRISIL Fund Rank 1 and 2) for the past eight quarters, since March 2013. Compared to the previous quarter, the long- term gilt category's average AUM grew by 79 per cent, while the fund's average AUM jumped by 193 per cent to ₹ 843 crore as of the quarter ended March 2015. This can largely be attributed to policy rate cuts by the RBI in January and March 2015. Investment objective The fund's investment objective is to provide investors with returns generated through investments in government securities ( G- sec) issued by the Central and/ or state governments. The fund aims to take active duration calls and generate favourable returns. When interest rates fall, gilt funds benefit as interest rates and bond prices are inversely related. Performance, duration management The fund has outpaced its benchmark as well as peers across various time frames The fund has actively managed the interest rate risk compared to its peers. It has increased average maturity of the portfolio when interest rates were expected to fall and vice versa. In the past three years ended February 2015, the fund had 80 per cent exposure to Central government papers, four per cent to state government papers and 15 per cent to cash equivalents. When interest rates were on an uptrend, the fund reduced its average maturity to 9.08 years in December 2013 ( vs the category's average maturity of 12.09 years for the same month) from 15.45 years in April 2013. During the same period, 10- year G- sec moved up from 7.88 per cent in April 2013 to 9.01 per cent in December 2013. In this period, the fund returned 1.08 per cent vis- à- vis the benchmark's - 5.87 per cent and the category's 2.56 per cent. The fund has increased the average maturity from five years in April 2014 to 20.41 years in February 2015. During this period, 10- year Gsec softened from 9.02 per cent in April 2014 to 7.87 per cent in February 2015. The fund increased G- sec exposure to 98 per cent in February 2015 from 68 per cent in April 2014, with the remaining in cash and cash equivalents. During this declining phase, the fund delivered 24.33 per cent annualised returns against I- SEC Li- Bex index's 22.30 per cent and the category's 20.86 per cent. 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 | ||||||||||||||||||||||||||||||||
| ICICI Prudential Top 100 Fund Dividend Posted: 20 Apr 2015 02:32 AM PDT Declaration of dividend under ICICI Prudential Top 100 Fund on therecord date of April 24, 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 | ||||||||||||||||||||||||||||||||
| Edelweiss Absolute Return Fund dividend Posted: 19 Apr 2015 07:53 PM PDT Edelweiss Absolute Return Fund announces dividendEdelweiss Mutual Fund has announced dividend under the following schemes:
The record date has been fixed as April 22, 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 |
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