Prajna Capital |
- Franklin India Taxshield Fund - A Tax Saver Funds
- Peerless Long Term Advantage Fund
- IndusInd Bank online payment solution
| Franklin India Taxshield Fund - A Tax Saver Funds Posted: 18 Jan 2016 03:56 AM PST Franklin India Taxshield Fund Invest Online  Picture courtesy - GraphicStock With Equity Linked Savings Schemes investors can not only save taxes, but by investing in the over the long term can create substantial wealth. Franklin India Taxshield is one of the greatest wealth creators among ELSS funds.
The fund has been ranked a Good performer (Rank 2) by CRISIL and Morningstar has assigned a 5 star rating for this fund. Fund OverviewThis fund from the Franklin Templeton stable is suitable for investors looking for tax planning investment options under Section 80C with the expectation of long term capital appreciation. However, since this is essentially a diversified equity fund, it is subject to market risk and volatility as compared to other fixed income tax saving instruments like PPF, NSC etc. However, equities as an asset class generate superior returns over the long term and as such the fund is suitable for investors planning for long term financial objectives like retirement planning, children's education, etc. The fund has an AUM base of over Rs 1,670 crores, with an expense ratio of 2.42%. The fund manager of this scheme is Anand Radhakrishnan and Anil Prabhudas. Portfolio ConstructionWhile the fund portfolio has a large cap bias, the fund managers are focused on investing in good growth stocks. Large cap stocks form around 58% of the fund's portfolio, while midcap and small cap stocks comprise the rest. The fund managers employ a bottom-up approach to identify stocks with good appreciation potential and attractive valuations. From a sector perspective, the portfolio has a bias for cyclical sectors like BFSI, Engineering, Automobiles and Auto Ancillaries, but it also has substantial allocations to defensive sectors like IT and Pharmaceuticals. This portfolio construction enables the fund manager to get good returns across different market conditions. In terms of company concentration, the portfolio is very well diversified with its top 5 holdings, HDFC Bank, Infosys, ICICI Bank, Indusind Bank and Yes Bank accounting for only 26% of the total portfolio value. The top 10 stocks account for only 40% of the portfolio holdings.
Performance comparison with Peer SetA comparison of annualized returns of Franklin India Taxshield Fund versus its peer set over various time periods shows why this fund is considered one of the top performers among ELSS funds. In terms of trailing annualized returns, the fund has beaten most of its peers across most time periods. See chart below for comparison of annualized returns over one, two and three year periods. NAVs as on April 8 2014.
Risk & ReturnEven though the Franklin India Taxshield Fund has outperformed the ELSS category in terms of returns, from a risk perspective, the volatility of the fund is lower than that of the ELSS category. The annualized standard deviation of monthly returns of Franklin India Taxshield Fund over the last three years is 13.5% compared to 15% for the ELSS category. The Sharpe Ratio of Franklin India Taxshield fund is higher than that of the ELSS category, implying superior risk adjusted return from this fund relative to other ELSS funds. See charts below for comparison of volatilities and Sharpe ratios between Franklin India Taxshield Fund and ELSS funds category.
Franklin India Taxshield Fund (Dividend Option) has an excellent dividend payout track record. The fund has paid dividend on a fairly regular basis over the last 10 to 15 years. The table shows the dividend history of the Franklin India Taxshield Fund (Dividend Option) over the last 15 years.
The chart below shows the returns of
The chart above shows that a monthly SIP of Conclusion Thus we can see that Franklin India Taxshield Fund has not only helped investors save taxes but has also created substantial wealth for them. Investors planning for tax saving investments can consider buying the scheme through the systematic investment plan (SIP) or lump sum route with a long time horizon. Investors looking for tax free dividends can invest in the dividend option of the scheme. Investors should consult with their financial advisors to ensure that the investment objectives of the Franklin India Taxshield Fund are aligned with their risk profile and financial goals. ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saving Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 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 ----------------------------------------------- |
| Peerless Long Term Advantage Fund Posted: 18 Jan 2016 03:27 AM PST Peerless Long Term Advantage Fund and save tax u/s 80C ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saving Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 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 ----------------------------------------------- |
| IndusInd Bank online payment solution Posted: 18 Jan 2016 02:59 AM PST IndusInd Bank has partnered with online payment solution provider PayU India to improve the digital experience for its consumers. With this partnership, the bank will now offer its full suite of consumer banking products online. ----------------------------------------------- Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds Top 10 Tax Saving Mutual Funds to invest in India for 2016Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund 2. Axis Tax Saver Fund 3. Franklin India TaxShield 4. ICICI Prudential Long Term Equity Fund 5. IDFC Tax Advantage (ELSS) Fund 6. Birla Sun Life Tax Relief 96 7. DSP BlackRock Tax Saver Fund 8. Reliance Tax Saver (ELSS) Fund 9. Religare Tax Plan 10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 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 ----------------------------------------------- |
| You are subscribed to email updates from Prajna Capital - An Investment Guide. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment