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- HOW TO FIND THE BEST TAX SAVING MUTUAL FUNDS
- ICICI Pru Value Discovery Fund
- Canara Robeco Emerging Equities Fund Online
| HOW TO FIND THE BEST TAX SAVING MUTUAL FUNDS Posted: 19 Aug 2016 02:18 AM PDT Though at present inflation is low, each of us would like to save as much on taxes and invest that amount towards our future financial security. Even incrementally larger sums of money, invested over several years can lead to huge differences in wealth creation. To make optimum tax saving and get the best returns, however, one needs to plan carefully. Mutual funds which qualify to provide tax exemption under Section 80C of the IT Act can be an ideal investment for you. Under this provision individual tax payers can save upto Rs. 30,000 by investing Rs 1.5 lakh. The best tax saving mutual funds are mostly Equity Linked Savings Schemes or ELSS. The amount invested shall be deducted from your taxable income at the time of calculating tax liability. ELSS works by investing most of the funds collected in equity related products and equity. They are mostly available with three years of lock in period and are suited for investors who have high risk profiles. ELSS schemes are usually open ended and investors can enter the fund at anytime. However, choosing the best tax saving mutual funds is difficult for retail investors. Here are a few pointers that you can make use of for deciding the funds to opt for. 1. Returns- You should check the returns of different funds over 3 and 5 year periods. Many funds often outperform markets by sheer luck and good sense one or two years at best. It however, takes real talent to best the markets consistently for longer periods. Therefore, it would be wise to check the three and five year returns of funds. 2. Risk adjusted return parameter- You can look up listings which have the returns of funds adjusted against risks taken by fund managers. Risk adjusted returns signify the excess return that fund managers generate by taking a single risk unit. Based on the criteria, the risk adjusted return parameter judges whether the fund manager's risk was worth it. 3. Risk Parameters- For any kind of investment, risk is the most important selection criterion. Only with higher risk is it possible to earn higher returns. Fund managers may have outperformed markets by simply selecting high beta stocks in the portfolio. High beta stocks are those which have high price volatility compared to the overall index or market volatility. For filtering out high return funds that have low risk, you can compare funds on measures like variance and standard deviation of returns along with the beta of a portfolio. These calculations can be gotten easily hence you comparisons would be easier. The best tax saving mutual funds are available in two schemes- dividend and growth. ------------------------------ 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 ------------------------------ |
| ICICI Pru Value Discovery Fund Posted: 19 Aug 2016 12:10 AM PDT Invest ICICI Pru Value Discovery Fund Online With the Nifty down by 20% from its peak, it is that time in markets when value-investing works well. Because in a comprehensive fall, the possibility of seeking value is quite high.One such scheme which has delivered superior returns merely on its sharp focus on value-investing is ICICI Pru Value Discovery Fund. The scheme follows a contrarian approach in seeking value stocks. In this approach, the fund looks for companies which have high potential for growth but are trading at a discount to their intrinsic value. The scheme's fund manager Mrinal Singh is wary of buying any stock at premium valuation however it may seem. With these factors, the scheme has consistently beaten its benchmark and peers by a wide margin. In the past five years, when its benchmark S&P BSE500 has delivered 6.1% returns, the scheme has given 16.7% returns. In the same period, its peers delivered returns in the range of 10-12%. In the past six months, the scheme has bought beaten down but fundamentally good companies such as Axis Bank, Bajaj FinServ, Bharti Airtel and NMDC. For retail investors, it is advisable to invest in the scheme with an investment horizon of at least three years. ------------------------------ 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 ------------------------------ |
| Canara Robeco Emerging Equities Fund Online Posted: 18 Aug 2016 10:44 PM PDT Invest Canara Robeco Emerging Equities Fund Online The scheme seeks to generate long term capital appreciation by primarily investing in diversified mid cap stocks that have a potential to emerge as the bigger corporates with higher performance. For the Purpose of this fund, mid & small companies are defined as those which are ranked from 151 to 500 on the basis of market capitalisation. Beating the benchmark and the category by small margins every year can add up to quite a big outperformance. That's the lesson from Canara Robeco Emerging Equities, which had a difficult time between 2006 and 2008 but has got its act together quite well since 2009. The fund has beaten the category every year in the last seven years and has retained a four-star rating for much of the last five years. The fund defines its universe as those companies which fall in the range of the 151st to 500th stock in the listed space by market cap. The fund follows a blend of the growth and value styles. The focus is on identifying future leaders, with companies that can see value unlocking through mergers, divestments and demergers also finding space in the portfolio. The fund avoids leveraged companies and those with doubtful management. It seeks to unearth the future blue chips. The fund has stayed ahead of its benchmark by 11 percentage points over three years and 10 percentage points over five years. Though it struggled in the falling markets of 2008, it has outperformed both in the bear market of 2011 and in the bull markets of 2009 and 2014. The fund hasn't outpaced its category by very big margins in the last ten years, but the recent show suggests it is widening its outperformance vis-a-vis the indices and peers. Overall, it's a pair of safe hands in a volatile category. ------------------------------ 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 Saver 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 ------------------------------ |
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