Prajna Capital

SBI Corporate Bond Fund
Birla Sun Life Dividend
International Funds

Posted: 30 Jul 2015 04:26 AM PDT

The scheme will actively manage a portfolio of good quality corporate debt as well as Money Market Instruments so as to provide reasonable returns and liquidity to the Unit holders.

In a category where most funds pride themselves on actively managing both duration and credit, this fund takes a more passive approach to earn higher yields. It relies mainly on accrual rather than duration calls to make its returns. Having said this, the fund's view on interest rates is bullish and it expects benign global demand conditions and lower prices of crude oil and commodities to support lower inflation. It believes there is scope for a further fall in interest rates.

This is a consistent performer in the income category, beating both its benchmark and category in eight of the last ten years. The underperformance has mainly come during the most bullish phases in the rate cycle and reflects the fund's low portfolio maturity. Average maturity has fluctuated a bit over the years, moving up from under one year until mid-2014 to about three-four years now. However, this could be a function of new inflows rather than active duration bets by the manager.

While the fund's returns since launch are muted at 7.6 per cent, the five-year record, at 9.5 per cent, is among the best in the category. Asset size is a constraint as the fund's average assets have hovered between R20 crore and R200 crore in the last three years. Fluctuating size can force unnecessary churn in the portfolio, which can be difficult to deal with in the less-liquid corporate bond segment. While portfolio yield to maturity is high at 10.2 per cent (April 2015), the small size translates into a not-so-economical expense ratio of 1.38 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 -

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Download Application Forms

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

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Leave your comment with mail ID and we will answer them

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

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Birla Sun Life Dividend

Posted: 29 Jul 2015 07:58 PM PDT

Birla Sun Life Mutual Fund has announced dividend under the following schemes:

Scheme	Dividend (R/unit)
Birla SL New Millennium-D	2
Birla SL Enhanced Arbitrage -D	0.067
Birla SL Enhanced Arbitrage Direct-D	0.067

The record date has been fixed as July 31, 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 -

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

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

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

Download Mutual Any Fund Application Forms

International Funds

Posted: 29 Jul 2015 10:11 AM PDT

International funds can help you diversify your portfolio & shield against poor performance of Indian companies, markets or the rupee

We do recommend international funds to our investors as they help you diversify your portfolio and shield against poor performance of Indian companies, markets or the rupee. Indian markets won't be the best-performing markets at all times and there may be phases when other stock markets beat Indian equities. Having an international fund in your portfolio will thus de-risk your investment and provide you with global exposure

You can acquire international exposure in three ways: First, by buying funds that invest 65 per cent of their portfolios in Indian stocks and the rest globally. In this case you will enjoy the tax breaks available to domestic equity funds.Templeton India Equity Income or Birla Sun Life International Equity Fund are the funds that follow this approach.

Second, you can invest in a feeder fund playing on a region or currency that you think will deliver good returns. We are recommending US equity funds at this juncture because of the high-quality stocks available in the US market as well as dollar strength. Franklin US Equities Fund and ICICI Prudential US Bluechip Equity Fund are good options. But remember that such funds are not eligible for the tax benefits of domestic equity funds.

Third, funds playing on a theme such as energy, agriculture or commodities, such as DSP BlackRock World Energy Fund orBlackRock Agriculture Fund or L&T Global Real Assets Fund are also an option. But invest in them only if you have special knowledge about the theme.