Prajna Capital

IDFC STERLING EQUITY FUND
Invesco India Gilt Fund - Long Duration Plan
Reliance Growth

Posted: 12 Sep 2016 04:36 AM PDT

Invest IDFC STERLING EQUITY FUND Online

After a blockbuster start, this mid and small-cap oriented fund endured some torrid years after the exit of its first fund manager. The fund has grossly underperformed its category average over the last 3 and 5-year periods, with the last two years, in particular, making a dent on its return profile. Compared to many of its peers, the fund has invested in firms lower on the market capitalisa tion curve.

Its portfolio construction is completely benchmark agnostic, with little correlation to its index. However, it is comforting to note that the fund's management has just been handed over to a highly reputed and skilled manager. Investors can expect some changes in the fund's approach, and should monitor its performance closely for a possible turnaround.

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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 2016
Best 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
Invest Online
Download Application Forms
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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Invesco India Gilt Fund - Long Duration Plan

Posted: 12 Sep 2016 03:48 AM PDT

Invesco India Gilt Fund - Long Duration Plan

Name of the Schemes	Plan/Option	Amount of Dividend (per unit)	NAV as on September 8, 2016 (per unit)	Record Date
Invesco India Active Income Fund, an open ended income scheme	Quarterly Dividend Option	Individuals & HUFs: Rs.17.6147 Others: Rs.16.3197	Rs.1096.2064	September 15, 2016
	Direct Plan - Quarterly Dividend Option		Rs.1115.5877
Invesco India Gilt Fund - Long Duration Plan, an open ended dedicated gilt fund	Quarterly Dividend Option	Individuals & HUFs: Rs.25.2344 Others: Rs.23.3792	Rs.1118.3633
	Direct Plan - Quarterly Dividend Option		Rs.1199.8043
Invesco India Medium Term Bond Fund, an open ended income scheme	Quarterly Dividend Option	Individuals & HUFs: Rs.18.0763 Others: Rs.16.7473	Rs.1208.2668	September 15, 2016**

** or immediately following Business Day if that day is not a Business Day. Face Value per unit is Rs. 1,000/-.

-----------------------------------------------

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 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Religare Tax Plan

4. DSP BlackRock Tax Saver Fund

5. Franklin India TaxShield

6. ICICI Prudential Long Term Equity Fund

7. IDFC Tax Advantage (ELSS) Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 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

-----------------------------------------------

Reliance Growth

Posted: 12 Sep 2016 02:00 AM PDT

Invest Reliance Growth Online

Manager Sunil Singhania joined Reliance Asset Management in Dec 2003 and has led this fund since then. His investment style emphasises bottom-up research, which is in keeping with his experience, as before joining Reliance he spent considerable time in the research function of sell-side firms. He invests predominantly in growth stocks he thinks are reasonably priced. Broadly, he scouts for companies he believes can double profits in three to four years and have scalability. But like several peers, he is willing to be flexible and his approach has yielded impressive results over the long haul. From Dec 2003 to Dec 2015 the fund had annualised growth of 23%, outscoring its benchmark index S&P BSE 100 (15%).

The substantial increase in the fund's size has, however, coincided with a change in the fund's character over the years. At around INR 81 billion in Dec 2010, its size was substantial in absolute terms for a predominantly mid-cap fund. It was also the largest fund in the flexicap Morningstar Category then. Since then, he has progressively allocated a larger portion of the portfolio to large caps, which resulted in the fund's portfolio resembling more of a flexicap fund than a predominantly mid-cap. Although Singhania insists that the fund's size does not constrain his style given his long-term focus, and also maintains that over time he intends to increase allocation to mid-caps to restore the fund's character. As of Nov 2015, the fund was at INR 54 billion.

We also note that the fund's best performance coincided with an uptick in equity markets from 2004-07. But from Jan 2010 through Dec 2015, the fund has underperformed 57% of its category peers on the return front. That is not to say this is a bad fund. Singhania is an experienced manager backed by a strong investment team and the fund has a noteworthy long-term record. However, our confidence is restrained until there is more evidence that the strategy can be executed with the same proficiency as in the past.