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Thursday, January 31, 2013

IDBI Rajiv Gandhi Equity Savings Scheme Series 1

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IDBI Rajiv Gandhi Equity Savings Scheme Series 1

now IDBI has also filed a prospectus for their own RGESS Fund, and it differs from the SBI RGESS fund in some fundamental ways.

First of all this is a close ended scheme where SBI RGESS was an open ended scheme. The lock in period of this fund is 3 years but it will list in NSE and BSE so people can trade the units on the exchange. I'm not sure what the situation with other mutual funds is right now and how liquid they are to trade in the stock exchange, and if you are investing in this scheme then it's better to assume that your money will be locked in for 3 years.

The fund has a lock in period of 3 years because the RGESS requires it – how SBI doesn't have such a lock in is not clear to me, but IDBI has clearly specified this lock-in period, and maybe SBI will file in a revised draft which will have such a lock in as well.

Anyone who wants to invest in this fund is free to do so, and it is not limited to first time investors by IDBI. However, the presence of a lock in period means that people who don't want to take advantage of RGESS will be turned away from this fund. It really doesn't offer anything for you to lock-in your money for 3 years if you don't want the tax deduction.

What will IDBI RGESS Fund invest in?

The SBI RGESS fund was aimed at investing in only stocks that are part of the CNX 100. The IDBI RGESS Fund will also invest in these stocks, but in addition to that they can also invest in shares of public sector enterprises which are categorized as Maharatna, Navratna or Miniratna by the Central Government as these shares are also RGESS eligible securities.

Interestingly enough, IDBI has other funds that invest in RGESS eligible securities and as I said in my earlier post, I haven't read anything that tells me that existing funds are not eligible for the RGESS fund; if you know differently then please leave a comment.

Other funds from IDBI that invest in RGESS eligible shares:

  • IDBI India Top 100 Equity Fund: Invests only in Equities and equity related instruments comprising the CNX 100 Index.
  • IDBI Nifty Index Fund: Invests only in and all the stocks comprising the S&P CNX Nifty Index.
  • IDBI Nifty Junior Index: Invests only in and all stocks comprising the CNX Nifty Junior Index.

Actively Managed Fund

This is an actively managed fund which means the fund manager will pick and choose stocks in an attempt to beat the underlying index and generate extra returns.

Usually actively managed funds come with a higher expense ratio when compared with passive funds, and the expenses ratio of this fund is shown below according to the offer document:

(i) On the first Rs.100 Crores of the daily net assets 2.50%; (ii) On the next Rs.300 Crores of the daily net assets 2.25%; (iii) On the next Rs.300 Crores of the daily net assets 2.00%; (iv) On the balance of the assets 1.75%:

This indicates that this fund will not be low cost, and the expenses will be a bit high like other active funds. There will be both a dividend and a growth option, and investors can choose one of those.

They have just filed the draft document so dates for when this fund will open for subscription aren't out yet, and I will update this post with the dates when they are declared.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

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

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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. ICICI Prudential Tax PlanInvest Online
  2. HDFC TaxSaverInvest Online
  3. DSP BlackRock Tax Saver FundInvest Online
  4. Reliance Tax Saver (ELSS) FundInvest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) FundInvest Online
  7. SBI Magnum Tax Gain Scheme 1993Invest Online
  8. Sundaram Tax SaverInvest Online
  9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. 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
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFundsInvest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Information about Gold Savings fund

Invest Mutual Funds Online

Download Mutual Fund Application Forms

Buy Gold Mutual Funds

Information about Gold Savings fund

 

 

 

1

How to buy?

Just go to the designated sale centres approved by Reliance mutual fund and buy the Gold Savings Fund

2

What is the minimum investment amount?

Rs.5000

3

How can I sell the units of Gold Savings Fund

Just go to the centers of Asset management company and sell the units

4

Is Demat account needed to buy the fund

Most important advantage of this fund is that the, investors need not have Demat account.

5

Is SIP or EMI facility available in Gold Savings Fund

Usual SIPs available

1) Rs.100 per month
2) Rs.500 per month
3)Rs.1000 per month
4)Rs.500 and Rs.1500 per quarter.
( These are all minimum SIP options)

6

What is the entry load?

No entry load

7

What is the exit load?

Exit load of 2% if redeemed within the first year, and after that no exit load.

7

Tax

Long term capital gain tax after one year

8

Benchmark

It tries to track respective Gold ETF of the parent company in the exchanges

9

Asset allocation

95-100 % will be in Gold ETF and 0-5% will be in Fixed deposit and other money market instruments

10

Expenses

Recurring expenses for the scheme and expenses of the Gold ETF. Normally it comes to around 1% to 2%. Expense is higher than Gold ETF.

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

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual 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. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. 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
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

 

DSP BlackRock World Gold Fund

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Download Mutual Fund Application Forms

Buy Gold Mutual Funds

DSP BlackRock World Gold Fund

 

DSP Black rock fund also invest in Gold and Gold related instruments. DSP Black rock fund is a World Gold fund which invest predominantly in Black Rock Global Funds - Global Gold Funds. It also invest in other mutual funds which invest in Gold related companies in the overseas markets. Like AIG World Gold Fund, it also invest a part of their portfolio in debt and money market instruments.

 

90-100% of the portfolio will be invested in Black Rock Global Funds - Global Gold Funds and related mutual funds overseas. Rest of the portfolio will be invested in debt and money market instruments.

 

DSP Black Rock World Gold Fund

 

1

Scheme available for investment in DSP Black Rock World Gold Fund

1) Growth
2) Dividend (both Payout and Reinvest)

2

Expense ratio

1.38%( as on June 2011)

3

Exit load

1% if the units are redeemed within one year of purchase

4

Asset size

1062 crores (as on June 30, 2011)

5

Launch date

Aug.2007

6

NAV on 1/7/2009

12.522

7

NAV 26/7/2011

19.002

8

Returns for said period

51.70%

9

Charges of buying and selling

Apart from annual maintenance charges, you have to pay brokerages, transaction charges, and other taxes.

10

Minimum investment

Rs.5000

 

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

Invest Mutual Funds Online

Transact Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Fund Application Forms

Best Performing Mutual Funds

    1. Largecap FundsInvest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap FundsInvest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    3. Mid and SmallCap FundsInvest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    4. Small and MicroCap FundsInvest Online
      1. DSP BlackRock MicroCap Fund
    5. Sector FundsInvest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    6. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

 

Wednesday, January 30, 2013

Reliance Gold ETF - R* Shares Gold Exchange Traded Fund

Buy Gold Mutual Funds

Invest Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Call 0 94 8300 8300 (India)

 

 

Reliance Mutual Fund has announced a change in the names of two ETFs. Reliance Banking ETF has been renamed as R* Shares Banking Exchange Traded Fund and Reliance Gold ETF as R* Shares Gold Exchange Traded Fund.

 

The change shall come into effect from September 17, 2012

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

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 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.ICICI Prudential Tax PlanInvest Online

2.HDFC TaxSaver Invest Online

3.DSP BlackRock Tax Saver Fund Invest Online

4.Reliance Tax Saver (ELSS) Fund Invest Online

5.Birla Sun Life Tax Relief '96 Invest Online

6.IDFC Tax Advantage (ELSS) Fund Invest Online

7.SBI Magnum Tax Gain Scheme 1993 Invest Online

8.Sundaram Tax Saver Invest Online

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. 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
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFundsInvest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

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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