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Wednesday, July 1, 2015

Prajna Capital

ICICI Prudential Balanced Advantage Fund - Invest Online
BNP Paribas Equity Fund - Invest Online
IDBI Equity Advantage Fund - Invest Online

ICICI Prudential Balanced Advantage Fund - Invest Online

Posted: 01 Jul 2015 04:57 AM PDT

ICICI Prudential Balanced Advantage Fund

ICICI Prudential Balanced Advantage Fund - A fund which follows a disciplined approach of buying low and selling high based on Market Movements.

Suitability in the Current Environment - The short term volatility would continue in the market going forward. Some of the reasons which can be attributed to the same are mentioned below. ICICI Prudential Balanced Advantage Fund is an apt product in the current environment.

Uncertainty around Monsoon
Weak Corporate Earnings
Political headwinds faced by the Government
Oil Price Fluctuations
Uncertainty on timing of US Federal Reserve's decision on interest rate hike

Monthly Dividend Feature –Track Record of Month on Month Tax Free Dividend.

This Fund introduced a monthly dividend feature in the fund from April 2013 and declared the first monthly dividend on May 31, 2013.

An Investment of Rs. 10 Lacs in the fund has yielded a Tax Free dividend of Rs. 1.63 Lacs and the Current Valuation of Rs. 13.68 Lacs. (Past performance may or may not be sustained in future)

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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BNP Paribas Equity Fund - Invest Online

Posted: 30 Jun 2015 11:22 PM PDT

The scheme aims to generate regular long term capital growth from a diversified and actively managed portfolio of equity and equity related securities. The scheme will invest in a range of companies, with a bias towards large and medium market capitalization companies it may also invest in unlisted and / or privately placed and / or unrated debt securities.

After being a modest performer until 2010, BNP Paribas Equity has climbed steadily in the Value Research rankings in the last five years. It is now a 5-star-rated fund, having enjoyed a 4- or 5-star rating since the end of 2012. It is a top quartile fund within the large- and mid-cap category, with 1-, 3- and 5-year returns that are well ahead of benchmark too.

Strategy: This fund has generally been overweight on large-cap stocks relative to the category. However, from an entirely large-cap portfolio until 2011, the fund has added on some mid and small caps in the last three years. In recent times, large caps have made up 70-76 per cent of the portfolio, mid caps 18-25 per cent and small caps 5-7 per cent. The fund's stock selection has a strong quality bias. Such quality stocks usually tend to come at a stiff price and therefore the fund employs a GARP (growth at a reasonable price) model to filter stocks. The fund does not take cash calls.

Performance: The fund isn't a chart topper within its category, where its peers have more aggressive mid- and small-cap allocations. However, its one-year returns of 44.9 per cent beat the benchmark and category by 23.5 per cent and 8.8 per cent, respectively. The 3- and 5-year returns at 25 per cent and 16 per cent are also well ahead of the category. The fund has seen two manager changes in the last eight years.

What we don't like: Though the fund has managed impressive performance in the recent bull run, it lacks a record during a bear phase.

Why invest: This is a large and mid-cap fund that doesn't take undue risks to deliver category-beating returns.