Prajna Capital |
- ICICI Prudential Long Term Equity Fund (Tax Saving) Online
- ITR Filling after the due date
- Right Debt Funds
| ICICI Prudential Long Term Equity Fund (Tax Saving) Online Posted: 16 Sep 2016 10:13 AM PDT Invest ICICI Prudential Long Term Equity Fund (Tax Saving) Online The scheme seeks long-term capital appreciation by investing approximately 90 per cent of the investments in equity instruments, while the balance 10 per cent would be a parked in debt and money market instrument and cash ( Including-money at call). A fund which has outpaced its benchmark over not one but three different market cycles, it has beaten its benchmark in 13 of the last 15 years. A rare fund in the ELSS category that focuses on the value style of investing, it has managed a four- or five-star rating pretty consistently since 2011, climbing from three stars in the earlier years. The fund is valuation-focused and the portfolio is constructed around stocks across sectors and market-capitalisation ranges, based on cheaper valuation and reasonable growth expectations. Expensive stocks which cannot be explained by valuation tools are avoided. A market-cap-agnostic fund, it has nevertheless allocated 55-65 per cent of its portfolio to large caps, 20-30 per cent to mid caps and 10-15 per cent to small caps in recent years. It does take some cash calls, with about 8 per cent of the assets in debt/cash as of end November 2015.
The fund's valuation-based calls have resulted in muted one-year returns, which are lower than that of the category. But the longer-term record over three, five and ten years provides comfort on investments. This fund's investment strategy typically delivers outsized returns in the beginning stages of a bull market and trails when markets are overheated. It also works well in containing losses during any market phase where bears are in control.
It's a good fund to own if you believe in avoiding the crowd and owning stocks that offer a bargain. ------------------------------ 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 ------------------------------ | ||
| ITR Filling after the due date Posted: 16 Sep 2016 09:55 AM PDT If you discover any omission or any wrong statement in your original return, you can re-file ITR with modifications. If the Return of Income for the Financial Year 2015-16 or Assessment Year 2016-17 is filed by you before the due date of filing of Income Tax Return i.e.5 th Aug 2016, and you later discover some mistake, you can file a Revised Return of Income Tax anytime up to 31st March 2017. ------------------------------ 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. 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 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 ------------------------------ | ||
| Posted: 16 Sep 2016 08:56 AM PDT Invest in Debt Mutual Funds Online Mutual fund investments are subject to market risk, we all know. But can the risk be mitigated through a prudent approach of managing investor's money?
Just as equities are subject to market conditions and valua tions are volatile, fixed income too is subject to interest rate risk and credit risk. In interest rate risk, the degree of volatility varies with duration. Gilt funds carry a high interest rate risk and money market funds like liquid funds and ultra short-term funds carry relatively low risk. In the case of credit risk, bonds are assigned a credit rating through rat ing agencies based on their ability to finance debt obligations based on a thorough assessment of business metrics and available cash flows that can fund interest and principal repayments. AAA equivalent rating is considered to be of the highest quality with negligible risk on default on payment. Against the backdrop of recent credit linked developments which have impacted investors confidence in debt mutual funds, it is probably the right time for investors to understand the best practices of the fund management, A. Maintain minimum cash level To meet redemptions, an asset manager can maintain an overdraft position on a continuous basis. This is usually most common in liquid funds which have a higher exposure to CPs. This is followed to ensure that higher-yielding papers in the portfolio are not required to be sold to meet redemptions and instead, the bank borrowing lines are used to meet the redemption pressures. This practice exposes the fund to two types of risks; Liquidity Risk In a stressed liquidity scenario, the fund manager would find it difficult to sell CPs as they tend to become illiquid. A stressed liquidity scenario would be the exact time when the investors in a liquid fund are most likely to look to redeem. Interest Cost The interest cost of such overdrafts could become prohibitively expensive in a tight liquidity scenario. Mandatory maintenance of a minimum overnight cash level of 10% in each liquid fund would ensure there is a prescribed level of liquidity to help meet redemption pressure. This is in line with the global best practices. B. Ensure high-quality portfolio Funds should focus on the highest credit quality exposure, which is defined by A1+ short term ratings. Any ratings lower than these could potentially expose the portfolio to liquidity risk in extreme market conditions. Globally, only the highest quality credits such as A1P1, which are the highest short-term ratings of S&P and Moody's, are eli gible for liquid funds. These ratings typically represent long term ratings of up to A or at best A-(Single A or single A-) on global rating scale. The best short-term rating in the Indian context is A1+ translating into A+ rating in the long term.Only highest A1+ ratings would ensure the highest credit quality . C. Make it Diverse Since the objective of a liquid fund is to provide liquidity, safety and then returns, the requirement for diversification needs to be stronger as compared to other fund categories. Globally, regulation tends to follow a 5% or 10% single issuer norm, with funds typically having a 2-3% single issuer exposure. D. Keep Less of Fixed Deposits A fund manager is allowed to invest in bank fixed deposits up to 15% - 20% of the fund's NAV . The rationale of this guideline is to ensure that there is enough liquidity maintained in the portfolio to meet redemption pressure. However, there's often a breach of this requirement by investing more in fixed deposits leads to benefit from the higher yield during quarteryear ends. Violation of this guideline defeats the purpose of investing in the fund. Choosing the right debt fund need not be a complicated affair. Simple way to identify the right fund for your debt investment horizon is based on the four pointers. ------------------------------ 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 ------------------------------ |
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