Skip to main content

ICICI Prudential Dynamic Plan

Buy Gold Mutual Funds

Download Mutual Fund Application Forms

ICICI Prudential Dynamic Plan is a flexi-cap opportunity fund launched in November 2002. The fund has been ranked in the top 30 percentile, that is, either CRISIL Fund Rank 1 or CRISIL Fund Rank 2, of the peer group in the 'Diversified Equity Funds' category under CRISIL Mutual Fund Ranking methodology for 13 of the past 16 quarters. This methodology looks at a fund's performance in the past two years.

Over a longer time frame, the fund has been ranked CRISIL Fund Rank 1 in the 'Consistent Performers - Equity' category for the quarter ended December 2011, wherein the fund entered this category for the first time. The 'Consistent Performers' category ranks those funds which have been part of the CRISIL Mutual Fund ranking for a five-year time frame. The rank is a composite of historical performance of the fund in the CRISIL Mutual Fund Ranking and risk-adjusted return of the fund over a five year period. The fund's average assets under management (AUM) were ~3,962 crore for the quarter ended December 2011.

Investment style The fund dynamically manages its equity exposures in response to equity market valuations. It has increased the equity exposure when the markets were undervalued and decreased it when the markets were overvalued. As compared to peers, the fund has aggressively managed its equity exposure. Since inception, the fund has been able to outperform its benchmark(S&P CNX Nifty) 71 per cent of times in a downtrend (benchmark giving negative returns quarter-onquarter) and 68 per cent of the times in an uptrend (benchmark giving positive returns quarter on-quarter). This indicates that the fund's strategy has helped in outperforming the benchmark on majority occasions across market phases.

Performance The fund has outperformed both the benchmark and the category across multiple time frames, viz., one, two, three, five and seven years. For the past one year, the fund gave positive annualised return of three per cent as against two per cent by the category and negative return of one per cent by the benchmark. Over the longer time frame of seven years, the fund gave an annualised return of 21 per cent vis-à-vis 14 per cent and 16 per cent by the benchmark and category, respectively. A monthly systematic investment plan (SIP) investment of ~1,000 for seven years would have grown to ~1,42,139 as on March 14, 2012 (principal invested of ~84,000) resulting in annualised returns of 15 per cent. A similar investment in the benchmark would have grown to ~1,16,958, yielding nine per cent annualised gains.

Risk The fund has managed to generate higher returns than the benchmark and category while maintaining low volatility over the past five years. The average monthly volatility for the fund over this period was 23 per cent vis-à-vis 27 per cent and 28 per cent for the category and benchmark, respectively. Since inception, the fund has a beta of 0.8 indicating relatively lower risk.

Portfolio analysis The fund has a well diversified portfolio with average 59 stock holdings over the past three years. At the sector level, the fund is more concentrated than its peers. The top 5 sectors of the fund formed 63 per cent of the fund as against 56 per cent for the category over the past three years. Within equities, the fund has taken a majority exposure to large cap stocks. Over the past three years, the fund has taken an average 77 per cent of its equity exposure to CRISIL defined large cap stocks. Further, almost 52 per cent of these stocks were part of the S&P CNX Nifty.

Overweight ex
posures to sectors like pharmaceuticals, healthcare and telecom and underweight exposures to petroleum products, power and industrial 

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

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

 

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

 

These Application Forms can be used for buying regular mutual funds also

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

 

Popular posts from this blog

Am you Required to E-file Tax Return?

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Am I Required to 'E-file' My Return? Yes, under the law you are required to e-file your return if your income for the year is Rs. 500,000 or more. Even if you are not required to e-file your return, it is advisable to do so for the following benefits: i) E-filing is environment friendly. ii) E-filing ensures certain validations before the return is filed. Therefore, e-returns are more accurate than the paper returns. iii) E-returns are processed faster than the paper returns. iv) E-filing can be done from the comfort of home/office and you do not have to stand in queue to e-file. v) E-returns can be accessed anytime from the tax department's e-filing portal. For further information contact Prajna Capit...

IDFC - Long term infrastructure bonds - Tranche 2

IDFC - Long term infrastructure bonds What are infrastructure bonds? In 2010, the government introduced a new section 80CCF under the Income Tax Act, 1961 (" Income Tax Act ") to provide for income tax deductions for subscription to long-term infrastructure bonds and pursuant to that the Central Board of Direct Taxes passed Notification No. 48/2010/F.No.149/84/2010-SO(TPL) dated July 9, 2010. These long term infrastructure bonds offer an additional window of tax deduction of investments up to Rs. 20,000 for the financial year 2010-11. This deduction is over and above the Rs 1 lakh deduction available under sections 80C, 80CCC and 80CCD read with section 80CCE of the Income Tax Act. Infrastructure bonds help in intermediating the retail investor's savings into infrastructure sector directly. Long term infrastructure Bonds by IDFC IDFC issued an earlier tranche of these long term infrastructure bonds on November 12, 2010. This is the second public issue of long-te...

Section 80CCD

Top SIP Funds Online   Income tax deduction under section 80CCD Under Income Tax, TaxPayers have the benefit of claiming several deductions. Out of the deduction avenues, Section 80CCD provides t axpayer deductions against investments made in specific sector s. Under Section 80CCD, an assessee is eligible to claim deductions against the contributions made to the National Pension Scheme or Atal Pension Yojana. Contributions made by an employer to National Pension Scheme are also eligible for deductions under the provisions of Section 80 CCD. In this article, we will take a look at the primary features of this section, the terms and conditions for claiming deductions, the eligibility to claim such deductions, and some of the commonly asked questions in this regard. There are two parts of Section 80CCD. Subsection 1 of this section refers to tax deductions for all assesses who are central government or state government employees, or self-employed or employed by any other employers. In...

ULIP Review: ProGrowth Super II

  If you are interested in a death cover that's just big enough, HDFC SL ProGrowth Super II is something worth a try. The beauty is it has something for everybody — you name the risk profile, the category is right up there. But do a SWOT analysis of the basket, and the gloss fades     HDFC SL ProGrowth Super II is a type-II unit-linked insurance plan ( ULIP ). Launched in September 2010, this is a small ticket-size scheme with multiple rider options and adequate death cover. It offers five investment options (funds) — one in each category of large-cap equity, mid-cap equity, balanced, debt and money market fund. COST STRUCTURE: ProGrowth Super II is reasonably priced, with the premium allocation charge lower than most others in the category. However, the scheme's mortality charge is almost 60% that of LIC mortality table for those investing early in life. This charge reduces with age. BENEFITS: Investors can choose a sum assured between 10-40 times the annualised premium...

EPFO can pay 8.5% interest in 2009-10

THE Employees’ Provident Fund Organisation can comfortably offer 8.5% interest rate to its 4.41 crore depositors during 2009-10 and still record a surplus contrary to Rs 139-crore losses suffered by it for giving the same benefit during the current fiscal. The issue of return to the depositors would be discussed at a meeting of the ‘finance and investment committee’ (FIC) on Thursday, agenda for which lists that maintaining an 8.5% interest could still give the fund a surplus of Rs 6.4 crore on the investment made by the fund. If EPFO maintains the interest rate of 8.5% on PF deposits, there will be a surplus of Rs 6.4 crore at an estimated income of Rs 12,994 crore in 2009-10. In case the interest is raised to 8.75%, the fund would suffer a loss of Rs 366.77 crore and the deficit would be still higher at Rs 739.94 crore if the rate of interest is fixed at 9%. FIC gives recommendations on financial matters to the apex EPFO body Central Board of Trustees (CBT), which takes the final ...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now