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Saturday, July 18, 2015

Prajna Capital

Posted: 18 Jul 2015 01:52 AM PDT

Not mandatory to file income tax return for investing in a mutual fund if you don't cross the minimum limit

It is not mandatory to file income tax return for investing in a mutual fund. You will be required to file a return only if your annual income crosses the minimum threshold limit ofR2,50,000. The income is based on your total earnings from five sources:

Income from salary.
Income from House Property.
Income from Profits and Gains of Business or Profession.
Income from Capital Gains (this would include any gains from selling a mutual fund).
Income from other Sources

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

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Leave a missed Call on 94 8300 8300

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Birla Sun Life Dynamic Bond Fund

Posted: 17 Jul 2015 07:48 PM PDT

The scheme aims to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market instruments.

This fund has an impressive track record of beating benchmark and category over many interest cycles over a ten-year time frame. This explains its life-average and its remarkable record of always retaining a four-five-star rating since 2006, except for a brief patch in 2013. Not overly focused on G-secs, the fund does use a mix of G-secs and corporate bonds in its portfolio to deliver returns.

The fund's returns have averaged 8.8 per cent since launch. Consistency of returns shows in the fund trailing its benchmark in only one of the last ten years (2013) and beating its category in all ten years. It has managed good returns even in difficult periods for bond markets such as 2005 and 2009. The NAV took a knock of 3.7 per cent in the bond shock of May-August 2013 but has since more than made up for it with high one-year returns.

While portfolio maturity is actively managed, the fund's portfolio uses a good mix of AAA- and AA-rated corporate paper, sovereign bonds, commercial paper and certificates of deposits to improve yield. This resulted in a portfolio yield to maturity of 8.6 per cent by April end, which is relatively healthy, given its tilt towards good-quality paper. The fund has reduced portfolio maturity between January and April this year, moving to a less aggressive position. An expense ratio of 1.13 per cent is reasonable relative to the category.

With assets of R14,100 crore as of April, this is the largest fund in the income category. While size isn't an impediment in the G-sec market, it can lead to some impact cost if the fund wishes to dabble in corporate bonds.