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Thursday, July 2, 2015

Franklin India Prima Plus Fund - Invest Online

 Franklin India Prima Plus Fund
 
 
 The scheme aims to provide growth of capital and regular dividend from a portfolio of equity, debt and money market instruments and focussing on wealth creating companies across all sectors and market cap ranges
 

If you are looking for consistency, it is hard to beat Franklin India Prima Plus. The fund has lagged behind its benchmark only in three of the last 19 years. It has been solidly lodged at a 4-star rating for the last ten years.

Strategy: The fund usually maintains a fixed allocation between large-, mid- and small-cap stocks. It tends to be overweight on mid and small caps relative to the category. In recent months, it has retained 55-65 per cent of its portfolio in large-cap stocks, 25-35 per cent in mid caps and the remaining in small caps. The fund invests in wealth-creating companies whose competitive advantages are likely to translate into superior return on capital. In recent months the fund has pruned small-cap exposure in the favour of mid caps. The fund tends to lean towards growth rather than value and avoids companies with governance issues.

Performance: The fund has outperformed its category by a margin of 10.6 per cent in the last one year. Three-year and 5-year returns are also ahead of the category by 4.4 and 3.7 per cent, respectively. The fund is a consistent benchmark beater, ahead of its index by over 6 per cent over 5-, 7- and 10- year time frames. The fund has seen relatively few manager changes in the last 19 years.

What we don't like: The fund tends to maintain a steady-state allocation between large, mid and small caps. Why invest: The fund's track record of consistent outperformance over three market cycles and stable management team make it a great fund for conservative investors.

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

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Reliance Quant Plus Fund - Invest Online



Reliance Quant Plus Fund ("The Fund") an open ended equity scheme aim to generate capital appreciation through investment in equity and equity related instruments. The scheme seeks to generate capital appreciation by investing in an active portfolio of stocks selected from the CNX Nifty on the basis of a mathematical model.

Current Investment Philosophy :
Reliance Quant Plus is an actively managed investment fund that approaches the stock selection process based on a proprietary system-based model.
It provides the investors with a twin advantage of stock selection process based on quantitative model and the fund manager's expertise leading to active fund management.
The model would shortlist 15-20 CNX Nifty stocks through a screening mechanism at pre-determined intervals, i.e. on weekly basis.
Stocks are selected based on parameters like valuation, earnings, price, momentum and quality, thus, giving leverage to diversify risks and returns in such a volatile situation.
Final selection of stocks and weightage allocation is a composite effort of the fund manager and the quantitative model.
Dividend Declaration - Reliance Quant Plus Fund
Name of
the Scheme
Dividend Per
Unit (Re/Unit)*
NAV as on June 17, 2015
(Re/Unit)
Reliance Quant Plus Fund - Dividend Plan 4.2000 14.4495
*As reduced by the amount of applicable statutory levy.
Face Value of Rs.10/- per unit. Record Date: June 24, 2015

Pursuant to dividend distribution, NAV of the scheme would fall to the extent of payout and statutory levy (if any)

The dividend payout will be to the extent of above mentioned dividend per unit or to the extent of available distributable surplus, as on the Record Date mentioned above, whichever is lower.

For units in demat form: Dividend will be paid to those Unit holders/Benefi cial Owners whose names appear in the statement of benefi cial owners maintained by the Depositories under dividend option of the Scheme as on record date.

All Unit holders under the Dividend Option of the above mentioned Scheme, whose names appear on the register of unit holders on the aforesaid record date, will be entitled to receive the dividend.

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

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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Wednesday, July 1, 2015

ICICI Prudential Balanced Advantage Fund - Invest Online

ICICI Prudential Balanced Advantage Fund
 
 ICICI Prudential Balanced Advantage Fund - A fund which follows a disciplined approach of buying low and selling high based on Market Movements.

Suitability in the Current Environment - The short term volatility would continue in the market going forward. Some of the reasons which can be attributed to the same are mentioned below. ICICI Prudential Balanced Advantage Fund is an apt product in the current environment.
  • Uncertainty around Monsoon
  • Weak Corporate Earnings
  • Political headwinds faced by the Government
  • Oil Price Fluctuations
  • Uncertainty on timing of US Federal Reserve's decision on interest rate hike
Monthly Dividend Feature –Track Record of Month on Month Tax Free Dividend.

    This Fund introduced a monthly dividend feature in the fund from April 2013 and declared the first monthly dividend on May 31, 2013.

     An Investment of Rs. 10 Lacs in the fund has yielded a Tax Free dividend of Rs. 1.63 Lacs and the Current Valuation of Rs. 13.68 Lacs. (Past performance may or may not be sustained in future)

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

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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Invest Any Mutual Fund Online

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BNP Paribas Equity Fund - Invest Online

 The scheme aims to generate regular long term capital growth from a diversified and actively managed portfolio of equity and equity related securities. The scheme will invest in a range of companies, with a bias towards large and medium market capitalization companies it may also invest in unlisted and / or privately placed and / or unrated debt securities.
 

After being a modest performer until 2010, BNP Paribas Equity has climbed steadily in the Value Research rankings in the last five years. It is now a 5-star-rated fund, having enjoyed a 4- or 5-star rating since the end of 2012. It is a top quartile fund within the large- and mid-cap category, with 1-, 3- and 5-year returns that are well ahead of benchmark too.

Strategy: This fund has generally been overweight on large-cap stocks relative to the category. However, from an entirely large-cap portfolio until 2011, the fund has added on some mid and small caps in the last three years. In recent times, large caps have made up 70-76 per cent of the portfolio, mid caps 18-25 per cent and small caps 5-7 per cent. The fund's stock selection has a strong quality bias. Such quality stocks usually tend to come at a stiff price and therefore the fund employs a GARP (growth at a reasonable price) model to filter stocks. The fund does not take cash calls.

Performance: The fund isn't a chart topper within its category, where its peers have more aggressive mid- and small-cap allocations. However, its one-year returns of 44.9 per cent beat the benchmark and category by 23.5 per cent and 8.8 per cent, respectively. The 3- and 5-year returns at 25 per cent and 16 per cent are also well ahead of the category. The fund has seen two manager changes in the last eight years.

What we don't like: Though the fund has managed impressive performance in the recent bull run, it lacks a record during a bear phase.

Why invest: This is a large and mid-cap fund that doesn't take undue risks to deliver category-beating returns.

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

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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IDBI Equity Advantage Fund - Invest Online

 

IDBI Equity Advantage Fund

IEAF - June 2015: 2414bec4
IEAF - June 2015: 30d036ee
IEAF - June 2015: 50ce1343
IEAF - June 2015: 517f6d65
IEAF - June 2015: deb9da58
IEAF - June 2015: 08ee7b46
IEAF - June 2015: e3397a91
IEAF - June 2015: 6c55153d
IEAF - June 2015: 58ad877c
IEAF - June 2015: 89cb8de2
IEAF - June 2015: 493e647a
IEAF - June 2015: 6415ba3f
IEAF - June 2015: c25f2635
IEAF - June 2015: 67049374

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

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

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

Should you Invest in NPS?

 
Should you invest in NPS?

NPS offers you to save for your golden years with tax benefits on your investments. However, the amount of pension is not guaranteed and depends on the accumulated corpus and rates available at the time of vesting.

 The National Pension Scheme (NPS) was introduced by the Government in 2004. It was launched under a separate regulatory body called the Pension Fund Regulatory and Development Authority (PFRDA). The objective is to provide a pension plan to the aging population of the country post-retirement. The country, to date, lacks a pension plan for its citizens in the private sector. Pension plans are only available to the employee in the Government sector and that too these are not driven by contributions but consist of fixed pay-outs, based on the last pay drawn.

The launch has been pretty much muted mainly due to the fact that there have been no incentives (in the form of tax breaks) to the individual and also there is no motivation to financial advisors (extremely low commission). A recent change in the Income Tax Act has finally made it attractive to an individual wherein an additional deduction of Rs 50,000 is provided against contributions to a pension plan under section 80CCD. This is over and above the limit of Rs 1.5 lakhs under section 80C.

Thus let us check what is NPS about and how it could be beneficial to you:
Features:

Types of investment

Tier I Account

Tier II Account

Who can Invest

All citizens of India between the age of 18 and 60 years

Liquidity

Non-withdraw able account

Voluntary savings facility

Minimum contribution (p.a.)

Rs. 6,000/- Rs. 2,000/-

Number of yearly installments

Minimum one

Withdrawal on Death

Entire corpus will be paid to the nominee

Withdrawal in other case

Post attaining 60 years – 60% can be withdrawn

Prior to 60 years – 20% can be withdrawn

Can be withdrawn anytime

Contribution per installment

Minimum Rs. 500/-

Minimum Rs. 250/-

Maximum contribution

No limit

Deduction

Additional Rs. 50,000 under section 80CCD

Not available

Taxation on Withdrawal

Taxable

Taxation on Annuity

 

 

How does the scheme work?

After attaining the age of 60 years, close to 60% of contributions can be withdrawn and the remaining 40% has to be used to purchase an annuity from an approved life insurer.

Annuity is a series of payments made at fixed intervals of time. Annuity plans necessitate the insurer to pay the insured an income at regular intervals until his/her death or till maturity of the plan. The most popular plan opted for by a majority is annuity till life with return of purchase price.

Let us understand this with an example:

Amount (in Rs.)

Invested amount (over a period of time) (A)

1,00,000.00

Assumed corpus at the age of 60 (B)

5,00,000.00

Withdrawable Amount (after 60 years of age)

Taxable as Income from other source (60% of B)

3,00,000.00

Amount used to purchase annuity (40% of B)

2,00,000.00

Annual Income after retirement**

Treated as salaried Income

(assumed at market rate of 8.5%)

17,000.00


** Annuity can be paid monthly, quarterly, half yearly or yearly as per the option chosen by the investor (on market rates).

 Tax Benefits:

The limit on deduction under section 80C is Rs 1.5 lakhs. This limit is for multiple options like Equity Linked Saving Schemes (ELSS), Life insurance, PPF, NPS, etc. It is advisable not to use this limit for NPS as using it under section 80CCD will render an additional tax deduction.

In Budget 2015, to provide a social safety net and the facility of pension to individuals, an additional deduction of Rs. 50,000 is provided for contribution to the NPS under Section 80CCD of the Income Tax Act, 1961.

Employers can also contribute upto 10% of basic salary to NPS. The amount paid by the employer to NPS would not directly form part of the taxable income of the individual.

Returns:

Below are returns of few NPS investments of 1 year and 3 years:

Categ-ories

SBI

LIC

UTI

ICICI

Reliance

Kotak

HDFC

Period

1 Yr

3 Yrs

1 Yr

3 Yrs

1 Yr

3 Yrs

1 Yr

3 Yrs

1 Yr

3 Yrs

1 Yr

3 Yrs

1 Yr

3 Yrs

Equity

23.7% 18.0% 22.2%

NA

24.0% 18.1% 24.0% 18.2% 23.7% 17.8% 23.7% 18.0% 23.8%

NA

G-Sec

19.4% 11.0% 19.5%

NA

18.8% 11.1% 19.1% 11.4% 18.8% 11.1% 17.9% 10.9% 18.5%

NA

Corpor-ates

14.7% 11.2% 14.5%

NA

14.0% 11.1% 15.7% 11.9% 14.6% 11.7% 14.4% 11.6% 14.6%

NA

 

Data as of 30th April 2015; returns are annualized.

As can be seen, the returns are pretty attractive for an individual to consider investment in NPS.

Advantages:

>> One of the cheapest pension products - Very nominal fund management charges compared to mutual funds and insurance plans.

>> Choice of fund managers - Private sector NPS subscribers have the choice of 6 fund managers and they are allowed to switch from one to another, giving them the option of choosing the best fund manager.

>> Tax advantages - Rs. 50,000 under section 80CCD, exclusively for NPS.

Disadvantages:

>> Restricted Liquidity - There are restrictions on premature withdrawal from Tier I accounts making the scheme very rigid. Only 20% can be withdrawn prior to reaching 60 years.

>> Restrictions on equity exposure - The exposure to equity investments is restricted to a maximum of 50%. People in the young age group who can take higher risks may see this as a disadvantage as they might be losing an opportunity.

>> Taxation on maturity – Taxation method for NPS is EET (Invested amount – Exempt; Interest Income – Exempt; Withdrawal and Annuity – Taxed), whereas taxation method for PPF and ELSS is EEE (Invested amount – Exempt; Interest Income or Dividend – Exempt; Withdrawal – Exempt). Thus it is not tax efficient to use the limit under section 80C to invest in NPS.

>> No guarantee on better returns - The NPS is not a defined benefit plan. It is a defined contribution plan. The returns are market linked and there is no guarantee of returns. This is not really a disadvantage, but actually an uncertainty. As the subscribers have the choice of investing 100% of the funds in Government securities wherein returns are more or less assured. Hence, the uncertainty is actually a matter of choice.

What should one do?

One should use 80CCD deduction to avail the benefit of NPS and the maximum amount per annum should be restricted to Rs. 50,000 and Section 80C can be used for other investment products.

An employer's contribution to NPS, on behalf of the employee, forms a part of salary of the employee and there is no limit for this contribution (as per tax perspective). Hence every employer could consider NPS as a part of salary structure.

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

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

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

Tuesday, June 30, 2015

IDBI Short Term Bond Fund - Invest Online

 

IDBI Short Term Bond Fund

 
ISBI STB June 2015: 540fde9e
ISBI STB June 2015: 6a91e72f
ISBI STB June 2015: 1c39ecfa
ISBI STB June 2015: e0dd8c1c
ISBI STB June 2015: 087d195c
ISBI STB June 2015: 965ebc23
ISBI STB June 2015: 810a8f42
ISBI STB June 2015: 67e6cdea
ISBI STB June 2015: caee16e1
ISBI STB June 2015: eb9ad9b6
ISBI STB June 2015: ed751a80
ISBI STB June 2015: a3774671
ISBI STB June 2015: 8244064e
ISBI STB June 2015: 8297e60b
ISBI STB June 2015: 0eb5d6f0
ISBI STB June 2015: 4b69a28e
ISBI STB June 2015: df6431f9
ISBI STB June 2015: c21b5b59
ISBI STB June 2015: 62faf96b
ISBI STB June 2015: 8e93d811
ISBI STB June 2015: a91fc993

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

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

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

Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now
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