Thursday, May 28, 2015

Prajna Capital

Prajna Capital


How To Deal With Market Volatility

Posted: 28 May 2015 08:26 AM PDT

 

After a strong market rally in the previous financial year, the last 2 months of the new financial year have been volatile. The key question now is if it is the right time for investors to enter the equity market?

We feel every correction is an opportunity to invest for the long term on the reason stated below.

  1. On the macro front the twin deficits (fiscal / current account) along with inflation are well contained, growth has bottomed out and the currency is stable.
  2. History tells us that a sequential bull market is always accompanied with sharp corrections at time up to 10% and more

We have tried to illustrate this by studying the last bull market: between April 2003 and January 2008.

 

As you can see, every steep correction in the market has been followed by a long rally. Market corrections are merely a part of the bigger bull market.

At Sundaram Mutual, we continue to maintain a positive outlook in the medium-to-long term period on our flagship funds - Sundaram Select Mid Cap & Sundaram S.M.I.L.E.

From a valuations perspective, both Select Mid Cap at 15.5x FY17 and S M I L E at 11.5x FY17 are trading considerably lower than their historical highs. With earnings in the mid and small cap pack expected to rise over the next few quarters, it is only reasonable to believe in the growth outlook of these two funds.

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

LIC money back plan for children higher education

Posted: 28 May 2015 07:28 AM PDT

 

Life Insurance Corporation of India (LIC) has launched a new money back plan aimed at creating a corpus for children's higher education. The plan can be bought by parents with children aged between 90 days and 12 years. Offering a minimum sum assured of `75,000, the plan comes with four annual pay out options, with the maturity proceeds being disbursed at the age of 25.

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

SBI overdraft on fixed deposits

Posted: 28 May 2015 02:00 AM PDT

State Bank of India (SBI) has launched an online facility for customers looking for overdraft against fixed deposits. Customers will be allowed to use up to 90% of their fixed deposit amount as overdraft. The credit facility is typically to meet emergency requirements or as a bridge loan. The bank will charge an interest rate of fixed deposit rate plus 50 basis points.

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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