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Tuesday, July 22, 2014

Canara Robeco India Opportunities Fund

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94 8300 8300

 Canara Robeco India Opportunities files offer document with SEBI
Canara Robeco Mutual Fund has filed offer document with Sebi to launch Canara Robeco India Opportunities, a close-ended equity scheme. The New Fund Offer price is Rs 10 per unit. Each series under the scheme will have a tenure of 3 years (1095 days) from the date of allotment of units under the respective series. Investment objective is to generate capital appreciation by investing predominantly in equity and equity related instruments of mid cap companies.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Best Performing Mutual Funds

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      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

GOLD ETFs

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GOLD ETFs

 

 





Gold funds and ETFs have also lost the tax advantage they enjoyed over physical gold after the Budget changed the rules for long-term capital gains from non-equity funds.

 

Last year, gold exchange traded funds (ETFs) had gained a great deal from the depreciation in the rupee and the UPA government's move to impose additional levy on gold imports, making it an attractive option for investors. The landed price of the yellow metal had surged, pushing up the net asset value (NAV) of gold ETFs.

However, the recent budget proposal by Finance Minister Arun Jaitley has thrown a spanner in the works for gold fund investors.


The revised tax structure for all non-equity funds, including gold ETFs and gold savings funds, and the extension of the holding period from 12 to 36 months to be eligible for long-term capital gains, have effectively changed the product proposition of paper gold. Does this mean gold ETFs have lost their advantage over physical gold?

Eroding advantage

To qualify as long-term capital gains, the minimum holding period for gold ETFs (considered as mutual fund units) was one year, and was taxed either at a flat rate of 10% or at 20% after indexation (where gains are adjusted for inflation). Physical gold, on the other hand, had to be held for at least three years to be termed as long-term capital gains, taxed at 20% with indexation. Now, the finance minister proposes to bring physical gold and gold ETFs on an even keel by raising the holding period to 36 months for both and taxing it higher at 20% with indexation benefits, from the earlier 10% for gold ETFs. The move will rob the common man of the advantage of investing in paper gold to some extent. There are still lots of factors that make gold ETFs a more efficient alternative to buying gold in physical form.

Owning physical gold, whether certified gold coins and bars, or jewellery, is a hassle.


Jewellery, for instance, should never be an investor's pick simply because you have to pay a hefty sum over and above the metal's price as part of wastage and making charges.


You will also lose out when you sell it--the jeweller usually deducts 5-10% from the prevalent rate of the yellow metal. While you can buy certified gold bars or coins from banks, you cannot sell them back. Besides, the actual purity of gold can be suspect. The other concern is the safekeeping of physical gold where you might have to hire a locker to store it, adding to your costs.

In comparison, paper gold not only offers the convenience of holding it in the electronic form, but the questions on the purity of the metal do not crop up. Besides, you can buy gold ETFs equivalent to even half a gram of physical gold, allowing you to invest smaller amounts in the precious metal. The ability to buy gold ETFs in smaller denominations provides respite to those who cannot shell out a lump sum. Moreover, physical gold also contributes to your wealth tax outgo.

What you should do

Gold fund investors may have to rethink their investment strategy. The game has changed for all those who are looking to hold gold investments for less than three years. If you are invested in gold ETFs, it would be prudent for you to wait till your investment completes three years. Not much has changed for long-term investors, but those looking to make quick gains from gold investments are stuck. Experts say one must take a decision based on the expected gold price movement. If you expect gold prices to fall in the short term, book profits now and invest the proceeds in better alternatives. If you expect gold prices to head north, then stay put.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

Motilal Oswal Value Index (MOVI) Pack Plan

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Motilal Oswal Mutual Fund has introduced Motilal Oswal Value Index (MOVI) Pack Plan, a Systematic Transfer Plan (STP) from select debt/liquid schemes into select equity schemes that enables allocation between debt and equity asset classes. Motilal Oswal Value Index is calculated by taking into account Price to Earnings, Price to Book and Dividend Yield of the CNX Nifty Index. A low MOVI level indicates cheap market valuation and one may increase the equity allocation, while a high MOVI level indicates expensive market valuation and a person can reduce his equity allocation accordingly. Hence, this plan offers a two-way movement of investments.

 

This plan currently offers two enrolment options - one time investment and STP (minimum of six installments) with R5000 and R1000 respectively as the minimum transfer amount. The date of allocation will be the 15th of every month. On the date of allocation, the prescribed percentage of the amount will be transferred.

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

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

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

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

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Franklin India Bluechip
      4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
      4. Birla Sun Life Front Line Equity Fund
      5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
      5. Birla Sun Life Dividend Yield Plus
      6. SBI Emerging Businesses Fund
      7. HDFC Mid-Cap Opportunities Fund
      8. ICICI Prudential Discovery Fund

D. Small and MicroCap Funds Invest Online

      1. DSP BlackRock MicroCap Fund
      2. Franklin India Smaller Companies

E. Sector Funds Invest Online

      1. Reliance Banking Fund
      2. Reliance Banking Fund
      3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

      1. DSP BlackRock Tax Saver Fund
      2. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund
      4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF

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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